PatsFanInMaine

A report on the minimum wage from the non profit foundation that I contribute to.

http://www.heritage.org/Research/Economy/wm1186.cfm

Blue Collar

On the TAX break, who is earning millions of cash a year?

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We annually spend on the military security more than the net income of all United States Corporations.


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PatsFanInMaine

Not sure what your correlation between the minimum wage and tax breaks are but here is the latest table on taxes from the Congressional Budget Office.

Blue Collar

I was asking you, what is the percentage of americans that earn millions a year and so richly deserve a tax break?
The rich and middle class got a tax break to stimulate the economy.
Would the poor who got more than 5.25 per hr, spend it in the american economy, also contribute to stimulating the economy? or no?
Aerosmith is rich.
http://www.youtube.com/watch?v=E4gn6...lated&search=#

__________________
Dwight D Eisenhower's

January 17 1961

Farewell Address
We annually spend on the military security more than the net income of all United States Corporations.


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Bill of Right's 1 to 10 of the constitution.

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IcyPatriot

Minimum wage is important in a very depressed economy...and for little else.
Minimum wage is made mostly be teenagers...however...because many people love having teens working for them because they are all part-time workers.

Minimum wage used to be a smoke and mirrors issue for democrats due to it's symbolism of protecting the worker.

I'd bet that the percentage of people caring about minimum wage (those making it) is pretty close to the people that the tax break will effect...so, they end up on the same bill passed.

PatsFanInMaine

Anyone who pays a tax deserved a tax break. Those below the poverty level did not pay income taxes to begin with so it is impossible for them to receive a tax break on income.

Blue Collar

Ya, but do you believe that the poor making more than 5.25 per hour and spending more in the american economy, will help stimulate the economy because of their increased spending power, and increase revenues in Sales tax from their purchases?

__________________
Dwight D Eisenhower's

January 17 1961

Farewell Address
We annually spend on the military security more than the net income of all United States Corporations.


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Bill of Right's 1 to 10 of the constitution.

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Seymour93

Me.

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DarrylS

A summation of who earns from the article:
Here are a few important characteristics of the teenagers and young adults who earn the minimum wage or less:

Fully 67 percent work part-time jobs.
Their average family income is $64,000 per year.
Only 17 percent live at or below the poverty line, while 65 percent enjoy family incomes over twice the poverty line.[5]
They have less education than the population as a whole. Fully 36 percent have not completed high school, and 21 percent have only a high school degree. Another 37 percent have taken college courses but do not yet have a bachelor’s degree; many of these are college students working part-time while in school.
Fully 65 percent are women.
Only 5 percent are married.

I have two issues with this "study" by the Heritage Foundation, the average family income is $64,000 is not qualified, which makes me suspect of the findings. How do they know this? What is their source? I could say the average family income is $32,000, they need to cite their source. Is this a fluff statistic??

The second issue is 65% are women, is that a problem for anyone? Is there a glass ceiling for minimum wage earners.

I find the whole minimum wage thing concerning, as what the hell can you do with earning $206 per week, ft for minimum wage, the reality is that it may be framed as students, but step and look at the big picture. There seems to be a preponderance of women who are not benefitting from this booming economy.

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Patters

For purposes of truth in advertising, you ought to have mentioned that the Heritage Foundation is a conservative think tank. The article reveals its conservative thinking in its conclusion when it implies that a minimum wage increase can't be justified because only 20% of minimum-wage earners are below the poverty line. So, the conservative position appears to be: No to government aid. No to minimum wage increases. Let's pretend that the poverty threshold ($19,350 for a family of four) is reasonable, and then screw the one in five people whose families who might earn over $19,350 is the minimum wage was increased. Not surprisingly, the article embraces the thinking of avaricious conservatives.