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Minimum wage increased...feeling rich yet?Posted Friday, August 17, 2007, at 11:32 AM
Sorry for the delay in posts, but I've had a lot going on lately and hope to be getting back to normal now. So, as is normal, here's my first complaint of the week.
This whole minimum wage issue on last year's ballot really took away from the faith I had in the people of this state.
These people who think that by increasing minimum wage you are going to bring home more money are just simply wrong.
For the few people in Missouri earning minimum wage, that is a few extra bucks. The vast majority of minimum wage jobs in this state are both part-time and held by young people who still live at home. Even Wal-Mart pays more than minimum wage to its full-time employees.
The problem is, when you raise minimum wage the companies have to make back that expense somewhere. Where? The products they sell.
You can't buy a value meal for under $5.50 in Dexter now and the prices changed at the beginning of the year when their cost for labor went up.
Here's my other issue. I make more than minimum wage, but I'm nowhere close to wealthy. I didn't get a $1.35 per hour wage increase, but I still have to pick up the increased cost because of minimum wage.
So, basically while you might have helped a few high schoolers make a little more money to burn on the weekends, those of us with families to care for who work long weeks get punished.
As a former boss told me once, raising minimum wage doesn't move PEOPLE farther up the economic ladder. It just raises the ladder. Those same people are still on the bottom rung.
The key is to make yourself as an employee worth more than minimum wage. Learn, study and educate yourself and make yourself worth more than minimum wage.
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Corey Noles, staff writer for The Daily Statesman and Editor of The North Stoddard Countian, is the author of a regular baseball/St. Louis Cardinals column and also uses his blog to sound off on various happenings in sports. He also operates a weekly baseball mailbag column.
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