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Let the economy set the minimum wage

January 24, 2013

Low-pay workers have waited long enough for the minimum wage to go up — nine years — and $7.25 an hour just isn’t reasonable given today’s much higher costs of rent, food, gas, et....

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Jan-28-13 11:59 AM

Sounds like another Progressive who likes to confuse the minimum wage with a living wage. I think it is safe to say that there is little chance that raising the minimum wage will "trash" the economy, anymore then it ever has. What is more likely is that fewer "needy people with few options" will find work at all. Minimum wage applicants are typically people with no skills, who bring nothing to the job but a presumed willingness to work,at least minimally. It is also correct that no one would work for "$2.00Hr" for all those businesses just itching to pay nothing for labor. Minimum wage jobs should be considered as " temporary" in the sense that unless you demonstate the skills or initiative that would make you "permanent" most people won't stay long with a job that won't lead to better opportunities or pay.

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Jan-27-13 10:15 AM

FC, early happy hour at your house today???

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Jan-25-13 6:26 PM

Interesting idea Peter. I think that it's the better option if you consider that from 1990 to 2012, the minimum wage has increased in nominal terms by 90.7% or approximately 7% per annum. Each of the wage increases in that period resulted from a government mandate. Employers if given the choice between fixing the rise in minimum wages to the CPI or leaving it to the politicians would opt for the smaller annual rise. So Peter's idea is interesting.

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Jan-25-13 1:01 PM

It's all relative. Wages go up, so do costs. The economy will set the wage. If you've ever owned a business, which I suspect you have not, there is this thing called "labor burden". While an employee may only earn $7.25 an hour, the labor burden adds a few dollars more. This is a huge expense for business, and raising the minimum wage will cause many to close their doors. Get the environmentalists out of the way! Along with the APA, they are responsible for the lack of an economy in the Adirondacks. While the environment needs to be protected, the APA and environmentalists go far beyond what is reasonable and the citizens are harmed. The result is brain drain and a poor economy. Keep voting for Democrats in NYS and it won't be long before the Adirondacks will truly become "forever wild"....

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Jan-24-13 10:27 PM

DW12983 >> don't waste your time -- We've passed this on to "number crunchers" who wouldn't waste their time -- Wage would drive CPI > drive wage >> etc. > It's not that simple & they particularly have no interest when shown the source.

PC > You've dug yourself into a big hole w/"erasing history," "beating up on the 'anonymous' " w/a bogus "poll" in which "Named Ppl." were to be weighted more heavily against the under-class, etc. The infamous "New Day Online?"

Now, enter "The Economist??"

Your dreams of a "gated community" are over....

The whole world is watching this microcosm that is Saranac Lake.... provider of things to the burbs w/little to no input on their part in many cases - It's what we do, what the USA does globally.

Party on --

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Jan-24-13 5:40 PM

This is as close to agreeing w/ you PC in quite sometime (I know that means alot to you). Love the concept, but be weary of just the CPI, as it is only one of many economic indicator's. And I caution your well thought out plan based upon our lovely Social Security system, that is also adjusted by the CPI, and we all know how that is working out (or not). I need to put a bit more thought into what a reasonable (for all) adjustment should be based upon, so......stay tuned.........

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Jan-24-13 1:10 PM

So Peter, are you advocating all salaries to go up at least 3% a year? That would mean all prices would have to be raised at least 3% a year to pay for these raises. Then taxes would be raised 3% to keep up with these new costs plus new mandate costs. With your way of thinking the workers and businesses of this north country would be broke in no time. Question for you Peter, how long has it been since the paper has given 3% raises to it's staff and route carriers?

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