Is lowering the cost of living a better solution than raising the minimum wage?

Is lowering the cost of living a better solution than raising the minimum wage?
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answer:We can if people stop paying the high prices. Some goods have small margins, but some have huge ones. If people had not purchased overpriced housing, the housing bubble would not have happened. Builders and individuals were making quick and large profits. This happens all too often in too many industries. A reasonable and fair steady climb in prices is better than sharp climbs. I wish we could go back to single salaries easily affording a nice and safe neighborhood with decent schools and some discretionary income for fun and some savings. It’s not just housing, all expenses add up. Transportation, food, etc. It all feels out of control to me. As long as a portion of the population can afford higher prices and an additional portion will put things on credit, the economy will continue to be what I consider to be ahead of itself.
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Description : Should I have asked for anything other than minimum wage? (detals inside)

Last Answer : Edit I applied as a cashier.

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Last Answer : If they (their companies) have no interstate commerce they are probably okay to have different minimum wage laws.

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Why do some restaurant jobs pay less than minimum wage?

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Last Answer : Some restaurants pay a base wage that is less than minimum wage because they expect tips to cover the gap. This is why restaurants are picky about claiming tips.

Why are volunteers, and interns, exempt from minimum wage laws?

Description : Why are volunteers, and interns, exempt from minimum wage laws?

Last Answer : You can look up the definition of volunteer. https://www.dol.gov/agencies/whd/fact-sheets/71-flsa-internships

Should the minimum wage be tied to some economic metric?

Description : Should the minimum wage be tied to some economic metric?

Last Answer : Cost of living seems like the obvious one to me, if realistically assessed. More interesting and egalitarian would be highest income. As in, the minimum wage is some fraction of the highest person’s income, not adjusted by any loopholes.

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Description : Is there actually a crisis as is claimed if people will not work minimum wage jobs if they can earn more on unemployment?

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Can asking for minimum wage put off one's job chances of for a famous fast food restaurant as a cashier?

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Last Answer : Maybe it wasn’t the fact that you requested minimum wage, which is what is expected as a cashier at a fast food restaurant. Maybe it was the lack of experience on your part. Maybe someone else had applied that has worked at fast food before, and they hired that person.

Why is the minimum wage going up?

Description : Why is the minimum wage going up?

Last Answer : Inflation

Do you think we should have a Federal Minimum Wage?

Description : Do you think we should have a Federal Minimum Wage?

Last Answer : You’re right – capitalism doesn’t work.

Are business owners exempt from minimum wage laws and overtime?

Description : Are business owners exempt from minimum wage laws and overtime?

Last Answer : You could just make them all salary positions. OT goes away. But typically, businesses (especially small businesses) just make jobs part time to minimize payroll expenses. I would hesitate to make all ... as you sign the papers making them part owners, they could walk and you would owe them.

Why are volunteers exempted from minimum wage laws?

Description : Why are volunteers exempted from minimum wage laws?

Last Answer : By definition, volunteers don’t get paid.

How high do you think a government mandated minimum wage should go?

Description : How high do you think a government mandated minimum wage should go?

Last Answer : It should be indexed by inflation. Every year.

When is a proposed minimum wage hike too high?

Description : When is a proposed minimum wage hike too high?

Last Answer : No. It balances out in the end. Costs go up and compensates for the increase.

Is a minimum wage job "minimum wage" because the high competition for the job, or because it is easy?

Description : Is a minimum wage job "minimum wage" because the high competition for the job, or because it is easy?

Last Answer : Neither. It is usually because of the low skills level necessary to be hired to do the job. That doesn’t make it easy, it means the required training is minimal.

How do you eat healthy while on a fixed income or minimum wage?

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Last Answer : For one, you need to re-read some of the answers to your questions that were similar to this one. There has been tons of advice from all of us on how to eat healthy on a budget. First, you ... I hope this will get you started down the road to a healthier diet, while still maintaining your budget : )

Has anyone in the world experenced a negative minimum wage or interest rate?

Description : Has anyone in the world experenced a negative minimum wage or interest rate?

Last Answer : Yes. They used to be called “apprenticeships”. You’d pay an expert to teach you their craft, and usually room and board while you learned. The “learning” often involved doing the menial, laborious parts of the job for several years before actual teaching began.

Are you in favor of a minimum wage increase?

Description : Are you in favor of a minimum wage increase?

Last Answer : The reality is that increasing the minimum wage has mixed results, but is not the widespread destruction in employment that people like Pugh fear. In many ways, increasing the minimum wage increases the ... as they get it; in economic terms, it increases the velocity of money through the economy.

Creeping prices, an effect of the raise in minimum wage in the future?

Description : Creeping prices, an effect of the raise in minimum wage in the future?

Last Answer : The tiresome justification for slave wages. But let's step back and consider for a second the Walmart heirs now worth billions from the simple tactic of routinely paying employees a wage insufficient ... living, but are fed by taxpayers. Profits are privatized while expenses are socialized. Get it?

If we have minimum hourly wage then what about a minimum monthly wage?

Description : If we have minimum hourly wage then what about a minimum monthly wage?

Last Answer : So what are you proposing? I don’t quite understand what you are trying to say here? If an employer hires you they have to promise a certain amount of hours per month type thing?

What's more important? A higher minimum wage, or a 40 hour workweek?

Description : What's more important? A higher minimum wage, or a 40 hour workweek?

Last Answer : answer:I personally care more about the wage than having 40 hours. If I can work 30 and make enough money that sounds good to me. Flexibility in the work schedule is most important to me in ... work. If we get rid of health care through our employers that whole part of the equation disappears.

How does it benefit the low end worker, by keeping minimum wage so low one can't possibly live off it?

Description : How does it benefit the low end worker, by keeping minimum wage so low one can't possibly live off it?

Last Answer : It’s better than zero income at all or full blown welfare, but otherwise no, nothing but a low paid wage slave.

What's the biggest challenge facing minimum wage workers in America today? Low wage per hour or low hours per week?

Description : What's the biggest challenge facing minimum wage workers in America today? Low wage per hour or low hours per week?

Last Answer : answer:There's another issue happening at big box stores and corporate chains. To keep labor costs low, managers use forecasting software to write schedules. So if the software says you can only have 20 ... , entry-level service jobs. I think it's this century's version of Gilded Era factory work.

Should the federal minimum wage in America be a percentage of something?

Description : Should the federal minimum wage in America be a percentage of something?

Last Answer : That's an idea that makes sense, which means there isn't a chance in hell of it going anywhere. The logical Idea to gear minimum wage requirements to prevailing local cost of living rates has ... more backward and destitute the region, the louder the protests against the evils of the minimum wage.

When the minimum wage goes up, how does the money cycle change?

Description : When the minimum wage goes up, how does the money cycle change?

Last Answer : Inflation increases the cost of goods, the value of the money goes down. I remember hearing, back in the 70's, that a dollar was worth 26 cents. Your money buys less and less, and the prices continue to ... on one side. It took a whole grocery bag full of these marks to buy a single loaf of bread.

Should the minimum wage be set at the state or national level?

Description : Should the minimum wage be set at the state or national level?

Last Answer : I’ll go to Alabama and be unemployed when the minimum wage goes to $15.50. You use to be able to a house for 18 % to 20 % of a house in Connecticut or Massachusetts. There is a great big difference in cost of living and housing cost between states.

Could we have a minimum wage for middle class non-business owners?

Description : Could we have a minimum wage for middle class non-business owners?

Last Answer : Not likely. There is no uniform accepted definition as to to where the line is, and there’s certainly disagreement among the people involved. And are you stipulating that the workers of business owners be exempted? If so, who’s left?

What are the main arguments against minimum wage increases and why are they fallacious?

Description : What are the main arguments against minimum wage increases and why are they fallacious?

Last Answer : If everyone gets a raise then no one does. It is a relative income that matters. Prices for products level off. Another point is how valuable is a humans hour of work is. Better educational ... for 18 years or more. Better health means fewer sick days and more profit from a humans perspective,

Should minimum wage be raised to $10.10 an hour?

Description : Should minimum wage be raised to $10.10 an hour?

Last Answer : answer:Slightly off topic, but I want know how is it determined minimum wage? Is there a specific process?

Could increasing the minimum wage have unintended, negative consequences for some people?

Description : Could increasing the minimum wage have unintended, negative consequences for some people?

Last Answer : Like most things, there are always unintended circumstances that arise. I can see people losing hours, or future employees coming in as p/t only, and then there is no penalty of overtime pay if they work ... where they can benefit in other ways to make up for the increase in wages they have to pay.

I have been told time, and time again when the demand for minimum wage workers increase….(see details)

Description : I have been told time, and time again when the demand for minimum wage workers increase….(see details)

Last Answer : In America, it’s fairly difficult to bring in foreign workers legally to fill non-skilled positions. Hiring illegal immigrants is another issue.

So how about a minimum wage indexed for age?

Description : So how about a minimum wage indexed for age?

Last Answer : Old people would never get hired. This already happens but it would be worse.

If we can have a minimum wage then, for balance, can we also have a maximum wage?

Description : If we can have a minimum wage then, for balance, can we also have a maximum wage?

Last Answer : answer:Theoretically, yes. However, that would require legislation, which involves lobbyists. Now, who do you think has more political clout; voters or those that can hire dozens of lobbyists and finance re-election campaigns? So “can” and “can” are two different things :/