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	<title>Comments on: Chicago is Raising Minimum Wage to $13</title>
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	<link>http://allfinancialmatters.com/2006/07/28/chicago-is-raising-minimum-wage-to-13/</link>
	<description>A personal finance blog dedicated to discussing such topics as budgeting, asset allocation, 401K, IRA, cash flow, insurance, financial planning, portfolio management, and other areas in personal finance.</description>
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		<title>By: Ross</title>
		<link>http://allfinancialmatters.com/2006/07/28/chicago-is-raising-minimum-wage-to-13/comment-page-1/#comment-442668</link>
		<dc:creator>Ross</dc:creator>
		<pubDate>Fri, 05 Mar 2010 22:38:54 +0000</pubDate>
		<guid isPermaLink="false">http://allthingsfinancialblog.com/2006/07/28/chicago-is-raising-minimum-wage-to-13/#comment-442668</guid>
		<description>If wages had kept pace with rising productivity since 1968, the average hourly wage would have been $24.56 in 2000, rather than $13.74. The minimum wage would be $13.80--not $5.15. Certainly, employers can pay a minimum wage equivalent to what their counterparts paid more than three decades ago!</description>
		<content:encoded><![CDATA[<p>If wages had kept pace with rising productivity since 1968, the average hourly wage would have been $24.56 in 2000, rather than $13.74. The minimum wage would be $13.80&#8211;not $5.15. Certainly, employers can pay a minimum wage equivalent to what their counterparts paid more than three decades ago!</p>
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		<title>By: Ebony</title>
		<link>http://allfinancialmatters.com/2006/07/28/chicago-is-raising-minimum-wage-to-13/comment-page-1/#comment-25595</link>
		<dc:creator>Ebony</dc:creator>
		<pubDate>Wed, 13 Sep 2006 23:42:01 +0000</pubDate>
		<guid isPermaLink="false">http://allthingsfinancialblog.com/2006/07/28/chicago-is-raising-minimum-wage-to-13/#comment-25595</guid>
		<description>Why don&#039;t they just raise minimum wage all across the board? Why does it only apply to big box workers?</description>
		<content:encoded><![CDATA[<p>Why don&#8217;t they just raise minimum wage all across the board? Why does it only apply to big box workers?</p>
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		<title>By: Comrad_Gerechtigkeit</title>
		<link>http://allfinancialmatters.com/2006/07/28/chicago-is-raising-minimum-wage-to-13/comment-page-1/#comment-17942</link>
		<dc:creator>Comrad_Gerechtigkeit</dc:creator>
		<pubDate>Sun, 06 Aug 2006 01:33:48 +0000</pubDate>
		<guid isPermaLink="false">http://allthingsfinancialblog.com/2006/07/28/chicago-is-raising-minimum-wage-to-13/#comment-17942</guid>
		<description>The state in which I live, Washington, has a min. wage of 7.63/hr, but in the larger cities, especially the Seattle/Tacoma area and its outlying suburbs, you&#039;d be hard pressed to find anyone paying less than 10/hr. When big business and especially trans-national corporations collude to raise prices in lieu of loss of obscene profit margins they themselves are creating the cyclical process of wage hiking. Wake up to the realization that we live in a society controled by robber barons and TNCs who in turn own almost all of your news outlets and national politicians. How much in campaign contributions does congress and the house recieve every campaign year? Of course congress won&#039;t raise the min. wage of the employees of these contributors so it falls on the shoulders of more local politicians to rectify such unjust matters. What&#039;s really amazing in this whole debacle is the fact that congress has voted for itself over 30,000 in pay raises since 1997. Just food for thought.</description>
		<content:encoded><![CDATA[<p>The state in which I live, Washington, has a min. wage of 7.63/hr, but in the larger cities, especially the Seattle/Tacoma area and its outlying suburbs, you&#8217;d be hard pressed to find anyone paying less than 10/hr. When big business and especially trans-national corporations collude to raise prices in lieu of loss of obscene profit margins they themselves are creating the cyclical process of wage hiking. Wake up to the realization that we live in a society controled by robber barons and TNCs who in turn own almost all of your news outlets and national politicians. How much in campaign contributions does congress and the house recieve every campaign year? Of course congress won&#8217;t raise the min. wage of the employees of these contributors so it falls on the shoulders of more local politicians to rectify such unjust matters. What&#8217;s really amazing in this whole debacle is the fact that congress has voted for itself over 30,000 in pay raises since 1997. Just food for thought.</p>
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		<title>By: L</title>
		<link>http://allfinancialmatters.com/2006/07/28/chicago-is-raising-minimum-wage-to-13/comment-page-1/#comment-17879</link>
		<dc:creator>L</dc:creator>
		<pubDate>Sat, 05 Aug 2006 16:02:10 +0000</pubDate>
		<guid isPermaLink="false">http://allthingsfinancialblog.com/2006/07/28/chicago-is-raising-minimum-wage-to-13/#comment-17879</guid>
		<description>Maybe Target should of just stayed in MINNESOTA!!! We love them here and why should low income irreponsible lazy people be given more money???? these low lifes are just happy living off the government.. that makes them happy watching tv, sitting on their butts and getting that check.. OH did i mention having more babies??? why waste your time giving them more money ..please... and then most of them come to our state (MN) seeking more help.. GIVE ME A BREAK!!! stay home keep the wage the same and Target you do not need chicago.. i mean your head quarters are in the best place they can be  MINNESOTA!!!!</description>
		<content:encoded><![CDATA[<p>Maybe Target should of just stayed in MINNESOTA!!! We love them here and why should low income irreponsible lazy people be given more money???? these low lifes are just happy living off the government.. that makes them happy watching tv, sitting on their butts and getting that check.. OH did i mention having more babies??? why waste your time giving them more money ..please&#8230; and then most of them come to our state (MN) seeking more help.. GIVE ME A BREAK!!! stay home keep the wage the same and Target you do not need chicago.. i mean your head quarters are in the best place they can be  MINNESOTA!!!!</p>
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		<title>By: Steve</title>
		<link>http://allfinancialmatters.com/2006/07/28/chicago-is-raising-minimum-wage-to-13/comment-page-1/#comment-17132</link>
		<dc:creator>Steve</dc:creator>
		<pubDate>Tue, 01 Aug 2006 11:14:58 +0000</pubDate>
		<guid isPermaLink="false">http://allthingsfinancialblog.com/2006/07/28/chicago-is-raising-minimum-wage-to-13/#comment-17132</guid>
		<description>The Wall Street Journal ran a great op-ed piece on this very issue on July 31, page A10.  They made a powerful case showing how this &quot;hyper minimum wage&quot; on big box retailers will hurt the working poor -- first, in terms of the jobs that are lost and second, in terms of eliminating low price retailers where the poor can shop.  It&#039;s a double whammy.

They wrote well:

&quot;What we have here is what liberals used to call the &#039;red-lining&#039; of poor neighborhoods, though this time by the left itself.  Liberal advocates have long complained that banks, grocery stores and retailers charge higher prices or refuse to do business in inner cities.  But now the very superstores that offer lower prices are being treated as unwelcome.&quot;

Exactly!</description>
		<content:encoded><![CDATA[<p>The Wall Street Journal ran a great op-ed piece on this very issue on July 31, page A10.  They made a powerful case showing how this &#8220;hyper minimum wage&#8221; on big box retailers will hurt the working poor &#8212; first, in terms of the jobs that are lost and second, in terms of eliminating low price retailers where the poor can shop.  It&#8217;s a double whammy.</p>
<p>They wrote well:</p>
<p>&#8220;What we have here is what liberals used to call the &#8216;red-lining&#8217; of poor neighborhoods, though this time by the left itself.  Liberal advocates have long complained that banks, grocery stores and retailers charge higher prices or refuse to do business in inner cities.  But now the very superstores that offer lower prices are being treated as unwelcome.&#8221;</p>
<p>Exactly!</p>
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		<title>By: sam</title>
		<link>http://allfinancialmatters.com/2006/07/28/chicago-is-raising-minimum-wage-to-13/comment-page-1/#comment-17057</link>
		<dc:creator>sam</dc:creator>
		<pubDate>Mon, 31 Jul 2006 19:25:00 +0000</pubDate>
		<guid isPermaLink="false">http://allthingsfinancialblog.com/2006/07/28/chicago-is-raising-minimum-wage-to-13/#comment-17057</guid>
		<description>The ordiance has some constitutionality questions, so it may be DOA anyway.  (Why limit to minimum wage increase only to &quot;big box&quot; retailers?  Why not make all employers pay the same minimum wage?  Limiting it to &quot;big box&quot; retailers is where the constitutionality problem comes in.)

It the ordiance isn&#039;t found unconstitutional, then it will eventually work to the detriment of Chicago and its citizens and to the advantage of neighboring communities.  The &quot;big box&quot; retailers will build in neighboring communities and will reap the tax revenues.  Chicago shoppers will either drive to those locations to shop, or shop at higher priced stores closer to home.  In either case, they will pay more.</description>
		<content:encoded><![CDATA[<p>The ordiance has some constitutionality questions, so it may be DOA anyway.  (Why limit to minimum wage increase only to &#8220;big box&#8221; retailers?  Why not make all employers pay the same minimum wage?  Limiting it to &#8220;big box&#8221; retailers is where the constitutionality problem comes in.)</p>
<p>It the ordiance isn&#8217;t found unconstitutional, then it will eventually work to the detriment of Chicago and its citizens and to the advantage of neighboring communities.  The &#8220;big box&#8221; retailers will build in neighboring communities and will reap the tax revenues.  Chicago shoppers will either drive to those locations to shop, or shop at higher priced stores closer to home.  In either case, they will pay more.</p>
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		<title>By: thc</title>
		<link>http://allfinancialmatters.com/2006/07/28/chicago-is-raising-minimum-wage-to-13/comment-page-1/#comment-16846</link>
		<dc:creator>thc</dc:creator>
		<pubDate>Sat, 29 Jul 2006 21:39:46 +0000</pubDate>
		<guid isPermaLink="false">http://allthingsfinancialblog.com/2006/07/28/chicago-is-raising-minimum-wage-to-13/#comment-16846</guid>
		<description>JLP:  Pardon me for plugging my blog here, but I wrote a post last year about the minimum wage in San Francisco and the consequences of it.  If anyone would care to read it, you&#039;ll find it here: http://happycapitalist.blogspot.com/2005/06/economics-of-wages.html</description>
		<content:encoded><![CDATA[<p>JLP:  Pardon me for plugging my blog here, but I wrote a post last year about the minimum wage in San Francisco and the consequences of it.  If anyone would care to read it, you&#8217;ll find it here: <a href="http://happycapitalist.blogspot.com/2005/06/economics-of-wages.html" rel="nofollow">http://happycapitalist.blogspot.com/2005/06/economics-of-wages.html</a></p>
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		<title>By: Steve</title>
		<link>http://allfinancialmatters.com/2006/07/28/chicago-is-raising-minimum-wage-to-13/comment-page-1/#comment-16838</link>
		<dc:creator>Steve</dc:creator>
		<pubDate>Sat, 29 Jul 2006 20:03:14 +0000</pubDate>
		<guid isPermaLink="false">http://allthingsfinancialblog.com/2006/07/28/chicago-is-raising-minimum-wage-to-13/#comment-16838</guid>
		<description>THC and Cindy are right.  It&#039;s about freedom.

Brad, I understand your concern but you can&#039;t use a worst case scenario to justify turning sound economic principles upside down and usurping the freedoms of employers to engage in legitimate commerce with the public and their employees.  When you rob them of their freedoms you are also robbing all of us ultimately.

Studies show that when the minimum wage is increased, employers who rely on low skill labor either cut back on hours or simply eliminate jobs.  Why?  Because the market won&#039;t bear them passing the increased costs along and they are unwilling to take the financial hit.

Who&#039;s going to explain to the single mom with a couple of kids why her hours have been reduced or her job eliminated?  I&#039;m sure she&#039;ll appreciate her new &quot;living wage&quot; that sounds so compassionate in theory but is cruel in reality.</description>
		<content:encoded><![CDATA[<p>THC and Cindy are right.  It&#8217;s about freedom.</p>
<p>Brad, I understand your concern but you can&#8217;t use a worst case scenario to justify turning sound economic principles upside down and usurping the freedoms of employers to engage in legitimate commerce with the public and their employees.  When you rob them of their freedoms you are also robbing all of us ultimately.</p>
<p>Studies show that when the minimum wage is increased, employers who rely on low skill labor either cut back on hours or simply eliminate jobs.  Why?  Because the market won&#8217;t bear them passing the increased costs along and they are unwilling to take the financial hit.</p>
<p>Who&#8217;s going to explain to the single mom with a couple of kids why her hours have been reduced or her job eliminated?  I&#8217;m sure she&#8217;ll appreciate her new &#8220;living wage&#8221; that sounds so compassionate in theory but is cruel in reality.</p>
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		<title>By: JLP</title>
		<link>http://allfinancialmatters.com/2006/07/28/chicago-is-raising-minimum-wage-to-13/comment-page-1/#comment-16829</link>
		<dc:creator>JLP</dc:creator>
		<pubDate>Sat, 29 Jul 2006 18:53:59 +0000</pubDate>
		<guid isPermaLink="false">http://allthingsfinancialblog.com/2006/07/28/chicago-is-raising-minimum-wage-to-13/#comment-16829</guid>
		<description>Brad,

None of us is suggesting that people should stay at minimum wage.  A person who works hard, is responsible, and takes initiative can get ahead fairly easy at Target or Wal-Mart.  The fact of the matter is: most people want to do the easy jobs but get paid top dollar for doing it.</description>
		<content:encoded><![CDATA[<p>Brad,</p>
<p>None of us is suggesting that people should stay at minimum wage.  A person who works hard, is responsible, and takes initiative can get ahead fairly easy at Target or Wal-Mart.  The fact of the matter is: most people want to do the easy jobs but get paid top dollar for doing it.</p>
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		<title>By: Brad</title>
		<link>http://allfinancialmatters.com/2006/07/28/chicago-is-raising-minimum-wage-to-13/comment-page-1/#comment-16828</link>
		<dc:creator>Brad</dc:creator>
		<pubDate>Sat, 29 Jul 2006 18:50:55 +0000</pubDate>
		<guid isPermaLink="false">http://allthingsfinancialblog.com/2006/07/28/chicago-is-raising-minimum-wage-to-13/#comment-16828</guid>
		<description>Love how everyone who isn&#039;t working min wage jobs complain about people on min. wage getting a pay increase. Hows a Mother with a couple kids going to have the time and money to &quot;improve their job skills&quot;?</description>
		<content:encoded><![CDATA[<p>Love how everyone who isn&#8217;t working min wage jobs complain about people on min. wage getting a pay increase. Hows a Mother with a couple kids going to have the time and money to &#8220;improve their job skills&#8221;?</p>
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