- People working multiple jobs will only need to work one job
In this current environment created by PPACA redefining "part-time" rules, people
have to work multiple jobs because the jobs they were offered went from ~36-40 hours per week down to less than 28 hours per week.
When you cut off 12 hours of wages, minimum or not, of course you are going to hurt, and of course you are going to need to get another job.
Minimum wage did not create the influx of people in minimum wage positions needing multiple jobs to survive. That was
entirely Obamacare's fault, and you can thank your local community-organizer-as-president for that blunder.
Hopefully when they repeal Obamacare, they will repeal that specific portion of the law along with everything else.
- Less fortunate families will have more surplus money and therefore spend it on other foods and services. Stimulating the economy
Again, all nominal, but no real growth in wages. People will have more money in their checkbooks, but then
everything will cost more so they have no actual purchasing power growth to rely on. In some cases/states, their purchasing power will
decrease because of other factors associated with the additional costs with minimum wage increases. This will especially be prevalent in areas with high COL.
Minimum wage increases will
not come close to addressing either of these issues you pointed out.
Seattle hasn't even instituted the $15/hr. wage increase yet. And while those studies allude to no changes, it also didn't provide the benefits you are hoping to happen. Even
Washington Post, a heavily liberal news outlet, stated that the MW increases did pretty much nothing to
help the very people they were targeting.
And other economists are showing that the study is showing that it's losing possible employment opportunities.
Not really a success story at the moment.
There is no reason an adult above the age of 20 or so can not be paid a living wage.
There is also no reason an adult above the age of 20 should expect a living wage with no effort. There are many industries out there that pays a "living wage" in many parts of the country, but they require
skilled labor. Some of these industries are willing to
educate those people into becoming skilled. But it's not a 1 way street, people have to
want to work for a living.
A person should be able to make a living wage, and they should have the opportunity to
earn it. Working at McDonald's is not earning it. Working at Wal-Mart is not earning it. Doing very little for society is not earning it.
The fact is the Republicans platform doesn't address this at all.
It does. The very platform is to bring jobs back through tax initiatives and less stifling regulations. To make jobs come back naturally instead of forcing businesses to comply with government. Also to not create needless and inefficient government jobs just for the sake of creating needless and inefficient government jobs.
Where were those "shovel-ready" jobs that Obama promised 8 years ago?
Not only are they against wage increases but they want to lower taxes on the rich and middle class, they want to do away with social security and medicare and they want to significantly under budget welfare. All of those significantly hurt poorer families.
Minimum wage increases do
nothing to create work in the nation. That has been proven
many times over. And people stating that "trickle-down" economics don't work apparently forgotten 1986-2008, when it
did work.
most big time employers have huge profit margins
Let me make this clear:
No
They
Don't
A 2% profit margin is
not huge at all. It barely is above assumed inflation, and it kills the ability to reinvest/update machinery/facilities that either are needed now or will be needed in the near future. Most large businesses have historically been running at less than 4% profit margins for the past 8 years. That's a lot of reinvestment opportunities missed, which also is a factor in low labor participation rate and higher real unemployment rate.
are overpaying their top executives 1000 fold
That's a business decision made by a few companies. In reality,
most corporations do not pay their executives at all (disclaimer: most corporations are considered small business, and cannot afford to pay their executives at all, i.e. the actual owners of the business). If you want to attack specific corporation pay structures, then attack
specifically. Don't assume that all businesses are exactly like what Comcast is.
Most small business owners do not pay their employees minimum wage either so the effect on them will be relatively small.
Again, depends on the business and on the industry. There are hundreds of restaurants
just in San Antonio alone, and every single one of them can be classified as a small business, even the franchises of major fast-food joints like McDonald's. They will
all be affected by price increases to labor.
You also have to realize that the majority of small businesses do have minimum wage earners, and they are dependent
on the industry standard of wage earners. A CPA office will not have any minimum wage earners, even interns, while a grocery chain will be swarming with them.
There's a lot of assumptions in your post. You really need to learn a bit more about economics and accounting, and you will understand a lot more about the dynamics of business/governmental decisions and what they do to the nation at whole.