[QUOTE=DeltAlum]
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Even at $8.00/hr, that's under $17,000 per year before taxes. Consider how easy it would be for, let's say a single mother with a young child to live on that.
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Poverty is figured after deductions and exemptions. This single mother would qualify for public assistance. She wouldn't be on the street but she might not live how she might wish she could. We have to get it out of our heads that just because we want it, we're entitled to it. That's simply not how this world works.
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During that same amount of time, how much has the profit of those small businesses everyone is so worried about climbed?
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FYI, small business are on a decline these days.
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I know there are no hard answers, that every case is different, but I'd be very surprized if the percentages didn't end up favoring the businesses over the minimum wage earners.
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Why shouldn't it favor the businesses? If the business goes under, the minimum wage earners will be making $0/hour.
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People (including one of my daughters) are struggling. I really have a problem that over the course of X number of years, Congress has given itself X number of substantial raises, and I have to help my daughter with her car insurance payment -- which happened about 35 minutes ago -- because she barely makes enough to feed herself and her daughter. She works her butt off and takes no amount of public assistance.
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Why doesn't she take public assistance? It's not a pride thing. It's a survival thing. There's no shame in working hard and needing a little extra boost to take care of your family. She'd be precisely the type of person for whom the entire system was created! It's the folks who don't try who are dragging it down.