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Originally Posted by Rollergirl2001
With the minimum wage that low for almsot a decade, it seems that the buying power has become less.
Student Loans are being cut, forcing manys' dreams to get a college degree to end.
A college degree is essential.
There are some people that do well fiancially without it, but the key words are some people.
It is robbing many students and poor people.
Many people would say that we should work hard to get more money. But sometimes, hard work does not always pay off.
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Thanks for the platitudes . . . do these statements really mean anything?
Let's discuss the reality of the 'free market' - few people live at minimum wage as it is, and those who do are generally in areas with a ridiculously low cost of living. Employers will pay what they need to in order to attract employees, and "living wage" laws most likely foist the problem onto the backs of the lower middle class - it's not really the grand "top-down" or "bottom-up" ideal that people envision, and it's essentially partial socialism without any sort of reasonable utility.
The cost is NOT taken from the top of the chain - it's imparted on the rest of it, which affects the bottom rungs more than anything.