Reasonable Minimum Wage Bill (Law'd)

[Alexander Hamilton]

This bill is awful. Raising the minimum wage during such tough economic times will surely result in job cuts. In turn, prices will go up, making it more difficult for those who aren't at minimum wage but still in a lower income position, will be significantly affected. Demand will surely fall, and on and on.

[Alexander Hamilton]

Especially since I'm a teenager who will be looking for a job soon, I've always been a supporter of a higher minimum wage. A lot of people are having to take minimum wage jobs because they lost their old job. This bill would help those people a lot. And I know this may sound silly, but raising the minimum wage could help more kids go to college. If they're responsible and put money into savings, they'll be able to afford collage. (Granted, it won't help that much, but it will help)

No. College students would be more affected by higher prices for products they consume, namely food items but also basic things like laundry and haircuts. Not all entry-level jobs are minimum wage, just unskilled ones. Likely a teenager will be making a couple dollars more than minimum wage. That is, for those of us who actually HAVE jobs.

[Alexander Hamilton]

This is a good bill.  We need to ensure that the working class is being paid enough to reasonably live on.  I support this 100%.

But we also need to protect small businesses that may not be able to afford these types of hourly wages in such dire economic times.

Yes, I agree with that, which is also why a small tax cut on small business might also be in order.

We don't have the capacity to do that. Otherwise we could bypass the whole issue regarding small businesses and cut taxes for the lowest incomes like afleitch attempted (which most of us didn't support, and I still won't).

[Alexander Hamilton]

Wow, opposed wholeheartedly. The only decent thing there is the first change.

What's wrong with linking the minimum wage to wages?

He didn't think of it first.

[Alexander Hamilton]

     Freezing the minimum wage in times of deflation might backfire if the economy deflates enough. I don't know enough about the effects of Hoover's/FDR's policies in the Great Depression to be sure about this, though.

This amendment is worse than the original bill.

[Alexander Hamilton]

With 7 Ayes, 0 Nays and 0 Abstentions this bill has passed.

*Amendment