@ISIDEWITHQuestionseconomyStarted 13yrs agoActive 1mo ago

Should the government raise the federal minimum wage?

Should the government raise the national minimum wage?

In January of 2016, the Low Pay Commission raised the Irish minimum wage to €9.15 per hour. Minister for Business and Employment Ged Nash estimated that 124,000 workers in Ireland would receive a 50 cent increase. The Labour party has proposed further wage increases of €9.65 in 2017, €10.15 in 2018, €10.65 in 2019 and €11.15 in 2020. Proponents of the wage increase stimulates the economy by shifting more income into the working class. Opponents argue that minimum wage increases hurt small businesses and increase unemployment.

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Answer Overview

Response rates from 68.9k Ireland voters.

70%
Yes
29%
No
61%
Yes
26%
No
5%
Yes, and make it a living wage
2%
No, this will only cause prices to increase in a never ending cycle
4%
Yes, and adjust it every year according to inflation
1%
No, most minimum wage jobs are meant to develop experience, not support a family
0%
No, and eliminate all wage standards

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Other Popular Answers

Unique answers from Ireland voters whose views went beyond the provided options.

 @9Z9B9Y4answered…2mos2MO

Yes make it a living wage every year with accordance to inflation and add restrictions for companies being able to increase inflation of products every year or it will be a viscous cycle for life look at the USA, Canada and Australia they’re going insane with grocery and petrol prices

 @9ZMMTFKanswered…1mo1MO

Yes, and adjust it every year according to inflation as well stopping prices to increase because of it. Companies cannot use this as an excuse to raise prices otherwise it doesn't make any difference.

 @9ZCKKP7answered…2mos2MO

Yes make it a living wage but control inflation and cost of living. No point in it if it is only going to cost people more to live.

 @9Z9FXJPanswered…2mos2MO

Yes, with considerations to the effect this has on inflation, and be greater rate than of social welfare payments

 @9LGQHHNanswered…9mos9MO

Minimum wage does not improve quality of life nor economic mobility. It keeps you from progressing into upper ladder in society. I would say keep minimum wage low so people find reasons to improve themselves

 @8XSVGX7answered…3yrs3Y

Yes, but a higher minimum wage alone is meaningless as long as cost of living remains extraordinarily high. Affordable housing and competition in insurance and energy markets would make a bigger difference.

 @98R7BS4answered…2yrs2Y

Yes, but only with the introduction of a UBI.

 @989GK7Fanswered…2yrs2Y

Yes but we need to support small businesses too

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 @M0derateImpala from Minnesota submitted…7mos7MO

Companies Cut Worker Hours After California’s $25-an-Hour Minimum-Wage

California's budget deficit has ballooned to $45 billion. Mr. Newsom projects that the new healthcare minimum wage would cost the state $4 billion more a year owing to higher Medicaid costs and compensation for workers at state-owned facilities. Legislative analyses warned about these costs, but Mr. Newsom signed the law anyway.California’s current minimum wage for all workers is $16 an hour. Nearly all workers at healthcare facilities including janitors will have to be paid at least $25 an hour by 2028.California’s wage minimums are another illustration of how progressive mandates boomerang. Average weekly earnings for leisure and hospitality employees in California have declined by 2.6% over the last year owing to a steep drop in hours worked. By contrast, those average weekly earnings rose 3% nationwide, 3.2% in Florida and 5.2% in Texas.California’s wage minimums are another illustration of how progressive mandates boomerang. Average weekly earnings for leisure and hospitality employees in California have declined by 2.6% over the last year owing to a steep drop in hours worked. By contrast, those average weekly earnings rose 3% nationwide, 3.2% in Florida and 5.2% in Texas.Average hourly earnings for California leisure and hospitality workers have also increased more slowly—2.1% compared to 3.8% nationwide—no doubt partly because the state’s softer labor market has reduced competition for workers.When government raises wages above what the market commands, employers will increase prices and reduce labor. California, QED.

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