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Tonight on Crossfire, Obama signs a bill that increases the minimum wage for some federal workers. Should Congress follow the President's lead?
At 6:30pm ET former Hewlett-Packard CEO Carly Fiorina and AFL CIO Richard Trumka join S.E. Cupp and Van Jones.
We want you to weigh in on tonight’s Fireback question: Does raising the minimum wage help the economy?
Vote by tweeting Yes or No using #Crossfire or comment on our Facebook post. View results below or through our Poptip results page.
Not sold on Obama's raise on wages ! Explain that economically with the national debt in America . What's up with Russia and China strengthen ties with $270 billion dollar oil deal ? Piper plays ,"Shake Rattle and Roll" on Key Stone pipe line !
If you raise the minimum wage you will also increase government salaries because there are a lot of federal workers that don't make $10 per hour!!!!
This is a bigger picture idea than just simply raising the minimum wage. We are trading our goods/services globally with countries that have very different economic policy than our own. All the cheap stuff we can buy at big box retail outlets is not due to the efficiency of our manufacturing practices but our exploiting cultures globally that do not share the same workplace beliefs as we do.
I get the minimum wage increase. It has not kept up with inflation and needs to be revised. More dollars in the pockets of the working class is not a bad thing for our economy. Realistically it should probably be north of $12/hr given the CPI.
I do think that, however, to do so we should further limit entitlement programs, possibly lower corporate tax rates, and really look into trade practices to help make sense of the adjustment.
If private business is paying people more, than government entitlements should naturally be lowered (not gotten rid of entirely). Companies should be given a break on their taxes to remain competitive in the global economy since they will be paying a higher labor rate. The US government needs to insure the countries we trade with are playing fair, same environmental regulation, workplace laws, etc. as us. Then... we would finally be doing something right and, might I say, (gasp) in a bipartisan manner!
I think we should lower the non skilled workers instead to 4 dollars a hour they clearly don't have any skills and my company will benefit They should have finished college not my fault.
You dumb $hit, a lot of people can't afford to go to school
Well, Mr patriot American you say your company would benefit to lowering it to 4 dollars a hour. If every company did what you would so clearly like to do who would be able to afford your product or services. You,an educated man with no thought of his own other than the dribble you were fed in school, would lunge our entire nation including yourself into a third world country. From a uneducated mans stand point unless they find a way to stop companies from raising their prices to compensate for the loss of higher wage , which they wouldn't need to do if they were not so greedy, then raising wages would only be good for just a couple of years.
I may be stupid but I can even tell you that minimum wage will also raise prices of food, gas, rent(making more homeless people) When more people cant afford food, there will be more people who will need food stamps which will come out of our paychecks. Higher pay leads to more taxes coming out of the lower class giving more money to pay the mental fags in our "superior" Government. We'd be better off letting teenagers running the government.....
Research shows raising the minimum wage does not reduce poverty. Raising the minimum wage increases unemployment and the biggest losers are the unskilled workers. Increasing the minimum wage takes jobs away from teenagers and entry level workers. Most minimum wage earners live in households that earn middle to high income, most minimum wage earners are not the head of households. So raising the minimum wage decreases job opportunity's for the unskilled labor force and gives extra salary to households that don't really need it. The state that have low minimum wages have less unemployment and less poverty than the states that keep high minimum wages.
Thank you for your clarity of mind. You seem to be one of few. The other downfall I have seen reported on has been the increased dropout rate of high school students as they now believe they can support themselves. That is, if they can find employment.
Obama is not an economist, he should stick to what he knows... And when some one figures out exactly what that is, could you tell him!
It is obvious to anyone with at least half a brain that the min wage hike will just cause: layoffs & cuttbacks, raise in unemployment, rise in the cost of doing business which will lead to the rise in the cost of living(because goods and service will go up), small and large struggling businesses to go under(fail) and when the rising cost comes back to the person who got the wage hike(in cost of goods and service) then the raise will have had the negative effect on the economy because it just caused everything to go up, including unemployment!
If you can't handle a minimum wage increase you're an INCOMPENTENT buisnessman. WTF all these people that own businesses think they're so great because they have a gene that makes it normal for them to work 80 hrs a week. They don't know how to work SMARTER, they just want to EXPLOIT people and they're not AMERICAN enough to know how to OUTSMART the competition.
That's not true I own a business and I pay minimum wage because that what these people are worth. Not to mention I worled hard all of my life to build this business and I can pay whatever I want becuase I own the business. If you don't want to work for me and earn minumum wage then get off of your lazy ass and build your own business.
Maybe you should risk your time and money on running a business before you start telling others how to run theirs. You don't seem to understand the difference between taking from others and earning. You think taking is justified from the people who make the effort to earn.
The CBO has shown raising the minimum wage will not lessen poverty or homelessness. The White House won't acknowledge this dat for some reason. The raise will only help the top 10% or so...the real reason people are in poverty is that they don't or can't work. Raising the minimum wage does nothing forthis group which make up the majority of people in poverty.
Raising Minimum Wage is a net sum zero event. Raising Minimum wage, also means people making above minimum wage require a wage increase, increases costs, which increases prices which means that the buying power of Minimum wage, within a year is the same as it was before Minimum Wage was raised.
I haven't yet fully decided where I stand on this issue because we all want our fellow man to be able to take care of themselves and their families, however minimum wage jobs are no skill/low skill jobs and the expectation is that teens and some adults work them only so long as they need to before moving on to better paying jobs. That being said, I absolutely agree that an inevitable result would almost have to be higher costs for goods and services which would very quickly erode the newly gained buying power of minimum wage earners.
Raising the minimum wage is a simple-minded and short-sighted non-solution that appeals , on the one hand, to politicians who want a positive vote-getting media soundbite, and on the other hand, to average people who chose not to, or cannot, think through all the domino collateral effects such an action will have.
(BTW, it is also an almost sure bet that supporters of a minimum wage increase have probably never run a for-profit business nor ever had to meet a payroll regularly. If they had, they would immediately realize that this emperor has no clothes on.)
The poster, ProtectAmericanJobs, has got it right in every point he/she has made in his/her comments below. Every single point. Spoken like someone who is on the business frontlines and has to make a payroll.
I would bet that every liberal thinker and poster on the comments board here has never run a for-profit business of their own. If they had, they would know better than to post the pie-in-the-sky, everybody-wins-with-no-consequential-effects-with-a-higher-minimum-wage comments they have written.
The American public (and the politicians) just do not want to really touch or discuss the underlying true problems – whether if it's illegal immigration, welfare abuse, "lifestyle choices" (single parent families, teenage pregnancies, etc.), the lack of personal accountability and responsibility, the dumbing down of America, etc. Everything gets thrown behind the protective blanket of popular "tolerance" but not really addressed for its causative effects on the economic picture. The politicians are going to be forever failing to come up with solutions to fix society's ills if they're too afraid to call out the true problems for what they really are.
A major problem I see is that employers will cut the hours that low-wage earners work, and they still won't be any better off. When you're poor, working 29 hours per week, to lose let's say nine hours, is the difference between supper and starvation.
The recession is long over. Record high profits, record high stocks, the rich are richer than ever, I think they can afford to raise minimum wage and index it to inflation. Make it $30 an hour in case they don't raise it again for another 40 years.
What fantasy lily pad are you living on, Mike? Can you explain why you think raising the minimum wage (to any higher amount, and not even $30/he as you suggest) is not going to have domino collateral effects on ALL other wages - and eventually on the prices of goods and services produced by those people who are receiving the suddenly higher wages?
Can you explain why you think there will be no negative effects from paying an arbitrarily determined higher minimum wage without any realized similar percentage increase in productivity for that higher wage?
I am a business owner and I will make the profit I want weather they raise it or not. I will just charge my customers more to offset the increased cost. I will make my $!.2M year no matter what! So raise it up Slowbama. It isn't my fault I was born with the work ethic and intelligence to succeed. I would think those who haven't would be greatful to have a job at all. But nooooo they want to tell you how you should run the business you busted your ass to build and they want to tell you how much you will pay them. I say to them, you would have your own business if you weren't so lazy or dumb. That doesn't afford you the right to steal from me. Bunch of loosers!
It will not help the economy. The proof is the extreme case of raising the minimum rate to 1000.00 per hour. Consider the consequences. A lesser raise will just have a lesser negative impact. The dims seem to believe that they are smarter than the collective wisdom of free markets, so did Karl Marx. An increase of the magnitude proposed probably will not affect the economy enough to isolate its impact from the other noise. But it will just add to the death by thousand cuts the dims are determined to inflict on USA’s free market system. When the inevitable crisis comes it will be blamed on a failure of capitalism, free markets and/or any Republican that happens to be holding public office at the time. And of course, the proffered solution will be a socialist one.
I totally agree. If you want to earn more money then go to school and get a high paying job!! I can't believe people who are doing menial jobs want the same wages as people who went through extra schooling and fight hard to get through rigorous interviews and work 40-60 hours a week. These lazy people who want to work 20hrs/wk and get government funding from the tax we pay want to take even more from us. I swear to god if minimum wages keep going up I will quit and get a job in Mcdonald's and live like those people....In Ontario Canada they are fighting for $14/hr for minimum wage...Those morons!!
That must be why McDonald's, Burger King, ect. went out of business when min wage was extended to fast food places. You are talking TEA/gop nonsense, and facts have been showing it for years. Now go cash your Koch roach paycheck, and quit polluting this site with your lies.
Put $100 in the pocket of a poor person and they will spend it here in America; put $100 million of tax breaks in the pocket of the 1% and they will squirrel it away in foreign banks– which one is helping our economy???
Your example is really not germane to the discussion. Sure, the poorer person is going to spend any extra money here in the U.S. However, the question is: Where are businesses going to get that extra money to pay those poorer people at the bottom end of the wage scale? Remember that the big companies alone are not the bulk of the employers – it is the small business owner.
Don't forget what gets spent on lobbyists and super PACS that push an agenda that does even more harm to the economy.
It does not help economy all the opposite It will increase basic products, It will increase production costs It will increase Gasoline It will increase taxes at all levels, It will increase medications. It will devaluate the dollar more.It will decrease the buying power of the dollar.So in reality you will be making less money even if the paycheck seems larger
RAISE THE MINIMUM WAGE FOR FULL TIME ADULTS OVER 21 YRS OLD TO $10.10. THIS WILL MOVE PEOPLE OUT OF POVERTY AND REDUCE SOME GOVERNMENT BENEFITS. WE ARE SUBSIDIZING WORKERS AT WALLMART, TARGET, ETC WITH FOOD STAMPS, MEDICAID, ETC BECAUSE THEY ARE CONSIDERED IN POVERTY
RAISE RESTUARANT WORKER MINUMUM FROM $2.10 TO A REALISTIC BASE
Raising the minimum wage doesn't work, and it's simple to see why: It raises the cost of doing business. No business on Earth is just going to suck up continual raising of the wage, so they are basically forced to raise prices, reduce hours, and reduce staff. With raised prices and reduced hours, along with those who are now unemployed, this means that everyone is basically managed a zero sum, or worse.
The other issue with it is that it's not actually the core problem, which is cost of living. If your paycheck stays the same, and your bills went down, you be in a far better spot, and being living that way far more stably than if you were to just raise the wage.
Raises to the federal contract min wage will then get extended to non-contract, and filter down to state contract, and so forth. That's the actual explicit aim of this, and Obama has admitted as much himself. Note though, that he still does nothing for cost of living.
The only payroll increases that have raised prices since Ron Reagan are the hyper-inflationary salaries of corporate execs. The very people who's corruption and mismanagement caused the economic mess we're in.
"some federal workers" Not everyone. Wonder what the bill that will slip through congress because of this smoke screen is?
Based on the past 35 years and 11 minimum wage increases; yes it will help the economy. If you consider lower employment an improvement in the economy. Since 1978 the minimum wage has been raised 11 times. Seven times the unemployment went down or was unchanged after the increases.
raising the minimum wage could help to increase inflation. one of things holdng back inflation has been the lack of wage growth in all but the top wage earners. if minimum wage earners get a raise , workers who make more ma also demand pay increases in order to cope with rising prices.
minimum wage goes up so do the price of all goods. good idea
"minimum wage goes up so do the price of all goods. good idea" How? There is no correlation between the two, not when the top tiers of economy hold well over 50% of the wealth; it becomes an issue of redistribution of funds. This flawed thinking of "zombie economics" and raising the minimum wage is going to hurt our economy even more so is a biased assumption based on the fact that big business isn't willing to curve its behavior to sacrifice overly saturated profit margins. Raising minimum wage is not the problem, but its also only part of a solution. As socialist as it seems, we need to crack down on these larger companies, oil industries, banking industry, and militarized spending and put relative costs roofs on their price/profit indexing; only then will you see a healthy redistribution of economic growth.
The issue is that the money HAS to come from somewhere. By raising the wages, you cause companies to spend more on payroll, which means they have to find ways to cut costs in other areas to maintain their profit margins. The most common way for this to occur is by raising product prices, which increases the overall cost of living. It's a terrible cycle with no easy answer, but raising minimum wages surely isn't it.
They do go up... but not as much as you might think.
For example, even in labor intensive industiries like fast food... if you double the minimum wage the average increase is something like 10% on the price of the order.
Sure, I believe in GRADUAL increase in the minimum wage. But gradual is the operative word here. The idea of another slam through radical law put forth by radical liberals isn't a good idea. When something is done in a slam through way the trickle down effect is significant. You can't expect the average consumer to have to absorb the price increases that will go with such a huge increase in the minimum wage. It won't benefit the economy because the discretionary income of others will be affected so the net economic gain will be a wash. I do agree with implementing a gradual minimum wage increase that aligns with the true price increases of our nation. But keep in mind too, that if the minimum wage increases too much, the very people the liberals are supposedly fighting for will suffer the most in the long run. A higher caliber person will consider working minimum wage jobs, businesses will have higher expectation from these workers and the lower class will be displaced by people with higher levels of service skills and better attitudes. I'd be very careful about any slam through major minimum wage increases. Best bet is to implement gradual phased in increased for the next 5 years or so. That would give businesses time to adjust accordingly and not have to do a slam through price increase on goods and services of their own.
with immigrant people makes money,is chip hand.This is an immigrant country,where are the population come from?the presidents?,congress?we are all immigrants!
And the person that was making $11.00 an hour just got brought back to Minimum wage. In other words they got a slap across the face.
$10.10 hourly is to much to pay a person for flipping hamburgers and or taking food orders ect... That's to much wage increase at one time if you were only making $7.25 hourly, which is one of the low minimum wages. The current low minimum wages all depend on what state you live in. Everyone's going to want a raise, the prices of everything will go up and in the end so will taxes. So, the country will be no better off economically wise. If anyone wants to make more than minimum wage, you need a college education or skilled in something. The minimum wage regardless to what it is won't be enough to live on without some form of federal aid or state aid assistance since the cost of living continually rises. The living costs rise faster than the wages.
$10K per hour for a CEO to play golf, and drink w/bought and paid for politicians is more than excessive.
Yes, hopefully it will keep these low wage earners away from the food lines
Let's make a deal that would be a jobs bill for Americans; up the minimum wage in exchange for making e-verify mandatory for all employers regardless of size, with serious penalties including jail and heavy fines for offenders who knowingly hire illegals. It would be a win-win! The immigration problem would be solved (the illegal immigrants would be forced to leave for lack of employment), and the wages of their legal American replacements would be enough to live on.
True – We STILL need to Stop ILLEGAL immigration! They're not just doing jobs that Americans don't want. (And I'm not talking about migrant workers, which is obviously not the problem) Do they pay state and federal income taxes? Don't get me wrong most of these people work hard, but are a drain on the system if they don't pay income taxes, have healthcare coverage, learn the language or get paid wages that are in line with their American counterparts. We all know that the health care provided to uninsured illegals here in the states is being averaged into our hospital costs and our insurance premiums, which have PROPORTIONATELY increased along with illegal immigration over the last 20 years? These costs are also being passed along to Medicaid and Medicare, which means that not only are they increasing our insurance premiums, but that we're paying for them again with our tax dollars. Our tax dollars and insurance premiums should not be used to recoup the cost of healthcare given to illegal aliens, who shouldn't even be here in our country in the first place.
Just look around and you'll see who's doing 90% of the residential renovations, construction and property maintenance jobs. That's certainly what we're seeing in the northeast. These are not just jobs that Americans don't want.
The hiring of cheap illegal labor causes a chain reaction. The contractors who hire cheap, uninsured, non-income-taxpaying, ILLEGAL aliens undercut the contractors who hire US Citizens or Legal immigrants. Even if the contractor wants to continue to employ US Citizens or Legal tax-paying immigrants, they end up replacing their Legal employees with illegals just to be able to get the work. Unfortunately unions and the old "that's not my job" union attitudes here in the USA have also contributed to this problem.
Also when these Non-income-tax-paying Illegal Aliens take American Citizens jobs they also are taking away the income tax revenue that those working American Citizens would be providing to our government. In addition, the American Citizens who have their jobs taken away by these Illegal Aliens then have to be paid unemployment and usually have no healthcare insurance either because they can't afford COBRA, which adds even more to our deficit and further increases our healthcare costs.
Let's face it – Over the last 2-3 decades, both parties have been selling out the bulk of the American citizens, who they're supposed to represent, by allowing the incursion of illegal aliens (cheap labor) and the "out-sourcing" floodgates to open wider and wider without taking any sensible measures to stem the tide.
I run a business that does it the right way and employs 20 US Citizens and 1 Legal Immigrant and I believe that the use of Workplace Raids is a perfectly realistic way to put a stop to this BS. Plus we should publish the results of these workplace raids and fines to the public, so American Citizens and customers could see which companies are employing illegals.
Let's get the good productive illegal immigrants into the system and paying federal and state income tax or get them out and NOT Let Any More Come In unless they come in as Legal Immigrants. Make them apply for legal visas and or U.S. citizenship and if they don't, then get them out. If they get rejected get them out or give them one quick appeal and if they still get rejected, then get them out. And let's send the bad ILLEGAL Aliens back to where they came in and let's STOP ANYMORE ILLEGAL ALIENS from getting in.
I also think we should start using our military to Start Keeping ILLEGAL Aliens Out.
How About Hiring some of our Unemployed Veterans as Additional Border Patrol Officers, ICE and INS agents?
ps: Most are paid off the books and if they're employer says that they're deducting income tax they're lying. And the few that are being paid on the books, using fake IDs, claim a huge number of dependents, etc................ And could you or I get away with not filling income tax returns? And what about the ballsy ones that do file and claim a ridiculous amount of deductions to get big refunds. There are even sleazy accounts that specialize in helping them game the system.
You want to send woman, children back as well. That's stupid. They need to be allowed to stay in this country. I am an American Indian, so how bout you go back. Now that your here illegal you want to send others back. Go figure! This country was taken illegally.
Man it doesn't matter how old or what gender they are that whole women and Children thing makes no sense. Further more, the premise of that whole American Indian thing makes know sense. Should all the Normans and the Angles leave Britain, should the Francs leave France, should the Australians leave Australia, should the Celts leave Ireland, none of these peoples originated from the aforementioned places and none of these issues that once may have occupied the people of the world during their time are no longer relevant today. Tell me where should they go back to Europe where they can form the White Racial Alliance or something after they've kicked out all the Romas and Pakis after which they could come back kill everyone else and when everyone's one race, race can't be a problem can it.
as if people wouldn't find trivial sh*t to fight about.
If raising the minimum wage helps the economy, let's make it $1,000,000,000 an hour.
Reductio ad absurdum
So we raise the minimum wage say to the $10.10hr for a non technical job, but a person that has a $10.10hr low-technical job says that not fair to me so I want a 40% raise to $15.14, A mid-technical job person receiving $15.00hr says this isn't fair to me I want a 40% raise also to $21.00hr. Now the high level technical job person making $25.00 says that not fair to me I should get a 40% raise to $35.00hr. Now the low level management person making $60,000yr say that's not fair to us we want a 40% raise to 84,000. Mid-level management making $150,000yr complains the if the low-level management they should get a 50% raise to $225,000. Upper management making $500k now wants $1.5m.
The company then declares, this is great everybody is making a lot more money so I will raise the price on our products and services by 80%. The federal government realizes everyone is making more money so taxes are raised. The minimum wage people say we deserve more now that everyone else is making more and the government said OK we will raise the minimum wage to $15.00hr, and so on and so on and so on!
Brilliant Mr Obama!
Good points – I've been running a business where we haven't been able to our raise prices or wages for several years, because of what our leaders have allowed to happen to our country. Most small to medium size businesses are just struggling to survive.
We can't just raise the minimum wage unless we start improving the overall business environment and employment picture.
We have to fix the root of the problem first, which is that over the past several decades, all our leaders have been doing is screwing the American people, by stalling, spending, removing protections and allowing illegal aliens to continue to pour in and American jobs and industry to pour out, and all while collecting their American tax-payer funded pay checks, benefits and whatever else they get on the side from their various lobbyist friends.
I run a business with 20 employees, all of whom earn well more than minimum wage, but it isn't so easy.
It's all happened because, over the last 25-years, our government has allowed our country's industries to get sucked out to China, India, Mexico, etc and allowed illegal aliens and H-1B foreigners to come into our country and take away tax-paying Americans jobs and drive down prices and wages.
It's hard enough to stay in business and make any profit nowadays and take care of our hard working conscientious employees. I believe that our cross-trained employees are our company's most important asset.
We have every little turn over in our company. But if I advertise one job opening (all of which are well over the minimum wage), I'd have dozens upon dozens of qualified people and some over qualified people clamoring for the job and almost all of them would be happy to come in for less than they were making, just to have a steady job. But these people and myself are just struggling to keep up with our mortgages, kids student loans, health-care coverage............etc..............
The American people need our leaders to wake up and start putting some sensible measures in place to stem the tide or this is going to continue to have a devastating effect on the United States of America and the American people.
We'd really all be better off by just cutting through the all the my team vs your team name calling nonsense and really focus on America and improving the future of the American people.
You don't make any sense!
would love that, cause my mortgage, car and student loans be paid off early
I OWE BACK TAXES AND BEING FLAGGED TO RENEW MY LISCENCE WHILE PEOPLE ARE NOT PAYING TAXES AT ALL IAM TRYING TO PAY AS MUCH AS ICAN SO DMV OUR GOVT NEED STOP DOING THIS HARD WORKING PEOPLE THAT DO PAY TAXES AND START REWARDING LEGAL CITIZEN AND CRACKING DOWN ON ILLEGAL CTIZENS THEY NEED TO BE FLAGGED ABD RESPECT OUR FLAG
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Author, documentary filmmaker, historian, Speaker of the House (1995-1999), and 2012 Republican presidential candidate
Fmr. Obama Deputy Campaign Mgr. and W.H. Sr. Adviser, founder of Precision Strategies, fmr. Sr. Adviser to Maj. Leader Reid and Sen. Kennedy
Conservative columnist for New York Daily News, contributing editor at Townhall Magazine, commentator and author
Former Special Adviser for Green Jobs under President Obama, co-founder of Rebuild the Dream, author and attorney
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