Shopping around paid off.
I was surprised that Amazon was that much higher except when it was a private seller, I haven't seen that.
Here's an interesting piece on WSJ about the possible ramifications of hiking minimum wage to $15 an hour. Amazon had done that and as an investor, I'm OK with it. CBO seems to suggest that many jobs would be lost as well. I believe all the 2020 Democrats are big on this. What do you folks think?
Links:
$15 Minimum Wage Would Bring Mixed Fortunes for U.S. Workers
https://www.vox.com/2019/7/8/20686392/federal-15-minimum-wage-raise-the-wage-act
Here's an interesting piece on WSJ about the possible ramifications of hiking minimum wage to $15 an hour. Amazon had done that and as an investor, I'm OK with it. CBO seems to suggest that many jobs would be lost as well. I believe all the 2020 Democrats are big on this. What do you folks think?
Links:
$15 Minimum Wage Would Bring Mixed Fortunes for U.S. Workers
https://www.vox.com/2019/7/8/20686392/federal-15-minimum-wage-raise-the-wage-act
Here's an interesting piece on WSJ about the possible ramifications of hiking minimum wage to $15 an hour. Amazon had done that and as an investor, I'm OK with it. CBO seems to suggest that many jobs would be lost as well. I believe all the 2020 Democrats are big on this. What do you folks think?
Links:
$15 Minimum Wage Would Bring Mixed Fortunes for U.S. Workers
https://www.vox.com/2019/7/8/20686392/federal-15-minimum-wage-raise-the-wage-act
As inflation goes up the minimum wage will need to go up.
But as LaBella pointed out, there's always a catch.
When bottled water companies started to "Go Green!" and use bottles made with less plastic, did prices go down and stay down? (I'm guessing they didn't.)
When food companies decided to "Go Healthy!" and offer less food "for your sake", did prices go down and stay down?
Doubling the minimum wage sounds good to a lot of people but why do you think all companies will
1) have the extra money for such a sudden increase?
2) Not have the money for the sudden increase, but will hire lots more new employees with a smile and expect everything to work out?
3) Have the money for the sudden increase but NOT cry poor, lay off tons of folks, and pass on any remaining cost to customers?
I ask these questions as someone with sympathies to the economic left.
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As an aside, how long do you think it will be until we see the left half of Twitter and Facebook agitating for IWWs "4 Hour Work Day, Four Day Week"? And how long until we see 35 Democratic Presidential Candidates raise their hands in favor of it? Just asking.
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I am not an economist.Here's an interesting piece on WSJ about the possible ramifications of hiking minimum wage to $15 an hour. Amazon had done that and as an investor, I'm OK with it. CBO seems to suggest that many jobs would be lost as well. I believe all the 2020 Democrats are big on this. What do you folks think?
Links:
$15 Minimum Wage Would Bring Mixed Fortunes for U.S. Workers
https://www.vox.com/2019/7/8/20686392/federal-15-minimum-wage-raise-the-wage-act
I am not an economist.
All I can say is that the Bible teaches that defrauding the worker of his wages, which includes not paying a just wage, is a sin crying out to heaven for vengeance.
I'd say a just wage is decided between the two parties before the laborer engages in the work. Not one where the government decides a minimum wage. I think there are a lot of jobs out there that won't get done because they are not worth paying someone minimum wage to do. Easy parttime jobs that a student or a retired person or a mom might be willing to do if given the opportunity.
That sounds wonderful. And then there's so many people that get swindled and conned in the barter system though. And like that people use and take advantage of others which is why we even have a minimum wage system. Cause the government had to step in and put their foot down on the swindlers.
Maybe the answer is to educate people on how not to be taken advantage of. Minimum wage punishes everyone, not just the swindlers. And if a mom is getting paid minimum wage but is required to pay a babysitter the same minimum wage (or more for multiple children) who is being helped? Shouldn't she be allowed to hire a college student to babysit her kids while she studies at a lower wage? That would allow the college student to make money while studying and the mom to make a bit of money.
I understand your position. It would be a nice world when we could rely on that honor system. But in this world asking the government to stay out of minimum wage as a policing agency would be kind of, but not quite, like not having police resolve disputes.
Police don't resolve disputes. They enforce laws and judges resolve disputes.
How does the minimum wage keep people from taking advantage of workers? It only artificially inflates the dollar. Giving unskilled labor more money doesn't give them more spending power because the cost of everything goes up. It actually starts to take advantage of skilled labor because the value of their higher pay goes down and they seldom increase as much relatively. I know I don't even get cost of living wage increases anymore. I am really wondering if it is time to change professions.
Again, people lose jobs when the minimum wage goes up. Their life is not improved by forced minimum wages. People are not allowed to work for less when the job is not worth less money but is worth something. And the places that hire minimum wage workers find ways to work with less employees.
federal minimum wage is $7.25. the highest is at $13.25 and the average is something is like $8.50. So an increase to $15 would be a substantial amount and if we are talking about the federal minimum wage than it would be more responsible to increase it over a length of time rather than all at once (maybe 10 years?).Here's an interesting piece on WSJ about the possible ramifications of hiking minimum wage to $15 an hour. Amazon had done that and as an investor, I'm OK with it. CBO seems to suggest that many jobs would be lost as well. I believe all the 2020 Democrats are big on this. What do you folks think?
Links:
$15 Minimum Wage Would Bring Mixed Fortunes for U.S. Workers
https://www.vox.com/2019/7/8/20686392/federal-15-minimum-wage-raise-the-wage-act
The problem is much more complicated than what has been considered. A work ethic and productivity have been America’s big bread winner. Having the drive to excel in our work efforts has been a great advantage for America. Things have certainly changed here over the last 40 years. Now socialized government threatens to upend America. All any of us can do is pray for God’s Will in our lives. The leftist regime is moving in a negative direction and if America is not redirected soon I’m afraid we will fall.Here's an interesting piece on WSJ about the possible ramifications of hiking minimum wage to $15 an hour. Amazon had done that and as an investor, I'm OK with it. CBO seems to suggest that many jobs would be lost as well. I believe all the 2020 Democrats are big on this. What do you folks think?
Links:
$15 Minimum Wage Would Bring Mixed Fortunes for U.S. Workers
https://www.vox.com/2019/7/8/20686392/federal-15-minimum-wage-raise-the-wage-act
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