Registered: Jun 2011
01-06-12 03:36 AM
also, many union contracts are tied to minimum wage. Politicians don't fight over it because they care if poor people make 20 cents more an hour, they fight over it because it can be a big payback to the unions who bribed them.
Quote from strantor:
I've been thinking that the minimum wage is like a blue book value. Blue book value does not determine the actual value (selling price) of a car, but it is a guide; a starting point for negotiations. I think most jobs (hourly jobs anyways) are loosely based on minimum wage; in that, the difference between the agreed upon wage and minimum wage is what people consider. An ASE certified automotive technician would not take a job for 9$/hr because it's not high enough above minimum wage. it would not be worth his time to go through the training to earn 2$ more per hour. So in this way, I think that minimum wage is a "crutch" that holds up all the other wages. If minimum wage were taken away and people started working for 4$ per hour, then 9$ per hour for an ASE certified automotive technician would start to be an incentive to take some automotive courses. I think that removing the minimum wage would work it's way up the ranks, lowering everybody's wages eventually. Just a thought, from a layman.