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MoneyGovernor Andrew Cuomo is expected to push for a minimum wage hike in his State of the State address this afternoon. New York’s minimum wage is $7.25, the same as the federal minimum wage. It has not been increased since July 2009. Democrats want it raised to $8.50.

The Bureau of Labor Statistics reports half of minimum wage workers are under 25 in 2011. About 6 in 10 were in service occupations, such as food preparation. About half work in leisure and hospitality, which includes restaurants. About 6 percent of all women earn minimum wage, compared to 4 percent of all men.

In New York, 5 percent workers earn minimum wage or less, with 2.3 earning minimum wage and 2.7 earning less.

MIT’s Living Wage Calculator indicates a single adult working full time in Monroe County has to earn $8.79 an hour to support himself. An adult with a child needs to earn $20.55 an hour.

Of course, people unsatisfied with making minimum wage can work two jobs or go back to school, but the New York Times reports many minimum wage jobs are demanding 100 percent flexibility in exchange for work hours and the hours are getting harder to secure. In the end, taxpayers are making up the difference between what a minimum wage worker earns and what he needs to live. Some say this amounts to a subsidy for multi-billion dollar corporations.

What are your thoughts on raising the minimum wage?

Update: The governor has proposed the minimum wage be raised to $8.75.

Links of the Day:

– Cuomo will push for an expansive assault weapons ban. Could confiscation be an option?

– Cuomo buys his daughter a used car and hilarity ensues.

– Vaccinations against whooping cough are among new laws for New Yorkers beginning this year.

– A half-dozen years after opening, the Sagamore on East is finally filling up its first floor retail space.

– Maybe the Redskins bad luck can be blamed on their racist name, a columnist says.

This sounds like my kind of bank.

12 Responses to On Minimum Wage

  1. January 9, 2013 at 9:29 am Ginny Maier responds:

    I absolutely think the minimum wage should be raised. If you can’t support yourself on 40hrs (or even 60) per week at minimum wage, it is too low.

    (And on another note, I can’t believe the Redskins have not changed their name and logo. I’m going to guess that the “Rednecks” would not have lasted this long into the 21st century…)

  2. January 9, 2013 at 9:45 am Todd Scheske responds:

    price fixing leads to increased expenses and those at the bottom continue to languish. jobs are worth what they are. I’d rather see support for increasing peoples skills so that they are actually WORTH more in the market.

    • January 9, 2013 at 11:30 am Ginny Maier responds:

      Someone is still going to need to clean the bathrooms and run the cash register. Do you think it’s right that these people should not make enough to pay for rent, energy, food, and health care?

      • January 9, 2013 at 11:34 am Todd Scheske responds:

        and if they can do MORE than just clean the bathroom and contribute more then they are worth more – not just at that job but overall. Then they are better off and society is better off. Market forces work. Price/cost fixing never does. Raise min wage, costs go up, they are right back where they started. Help them become a greater producer and everyone gains.

  3. An increase in the minimum wage will do nothing but force unemployment and/or prices higher. It prevents unskilled workers whose labor is worth less than the minimum from finding employment. If an hour of a person’s time only brings $7.25 into the business, no law will change that fact. If he is forced to pay more than the labor is worth, he will have to reduce his workforce, increase prices, or lose his business. Unemployment grows when the minimum is increased.

    People have to make choices. Cigarettes, beer, tattoos, pedicures, cable TV, smart phones, vacations, etc. are not included in “cost of living”, they are luxuries. When I was growing up with four siblings, both my parents worked and occasionally each worked full-time with part-time jobs just to put food on the table and a roof over our heads. It didn’t hurt any of us, and set a good, strong example for us to follow.

    • To clarify: The “he” in the 4th sentence above refers to the employer. Also, Google unemployment + minimum wage graph to affirm my statement that unemployment grows when the minimum wage increases.

  4. I think there should be two minimum wages: one for teens under 18, who are just entering the workforce and are not self-sufficient, and one for working adults, who have job experience and need to support themselves and their families.

  5. The minimum wage should be raised. Do these businesses get tax breaks easily when they demarcate them?

  6. I am going out on a limb here, but My thoughts are that only an IDIOT supports raising the minimum wage. Note…we are talking minimum. Employers can always pay more to retain or attract better employees. If a person can only obtain a minimum wage job, there is another underlying issue. Raising minimum wage won’t help improve any of those underlying issues, it will just enable the issues to continue. There are plenty of social agencies that will provide help to those that want it. This is a bad idea that only the liberal of the liberal believe is a good thing.

  7. Funny, the state wants those that work for it to take pay concessions, furloughs, benefit decreases, but they want to force private employers to pay more. Hypocrites everyone of them. If you claim to be broke and unable to pay your workers what makes you think John Q Public small businessman has extra cash for payroll.

  8. I don’t know if I support raising minimum wage because it is tough enough to run a small business in NYS. I like the idea though of 2 different minimum wages. Rather do it by age though I would do it by education. Less than a 4 year degree makes $7.25. Any college graduate should be starting at least $10/hour. Yes its biased. I have 2 bachelors degrees and work 4 jobs to pull it together.

  9. January 18, 2013 at 9:21 am Orielly responds:

    Raising the minimum gives Cuomo and the state more money via taxes. That is one reason they do it.

    SO with the highest taxes in the Union what do we hear from our leaders at every level? They have no money, there a deficit budgets. We can’t keep the state parks open, we can’t pick up the dead animals along the road.

    Think they deserve more of our hard earned money?

    Cuomo just spent how much money to come to Rochester to sign a bill in public (which he had already signed) – and he wouldn’t announce where the signing ceremony was going to be held prior-to avoid protests? And people think hes doing a great job?

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