That's always something to say when a claim has fallen flat, isn't it?Please tell us about the significant losses. I don’t think you have researched this topic, or have any first hand knowledge.
First of all, I agree with the majority of your post. I isolated this one part because; In my state (Tennessee) state lawmakers have refused to raise the minimum wage at the state level, and simultaneously have passed laws preventing cities from doing so. 21 states have passed “preemption” laws that strip cities of the power to raise wages....Local municipalities and states are always able to raise minimum wages for a particular area where the cost of living may well be higher than much of the rest of the nation.
In Christ, ted
First of all, I agree with the majority of your post. I isolated this one part because; In my state (Tennessee) state lawmakers have refused to raise the minimum wage at the state level, and simultaneously have passed laws preventing cities from doing so. 21 states have passed “preemption” laws that strip cities of the power to raise wages.
The cost of living in a city like Nashville is far higher than the balance of the state, yet the state prohibits Nashville from taking action.
I am living in Canada. Ontario, my province, the provincial government mandatorily raised the minimum wage. In stages, it was to go from $12.45 to $15.00 in a year or so. The ramifications of this, on the small businesses of the province was crippling.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
Ha! now AT&T does the opposite - they provide free parking for their employees at the facilities outside the city - yet those that work downtown have a payroll deduction for parking access or they pull the card for the hourly rate ($10 per hour).Hi again fender,
As a pretty perfect example, I worked for nearly 20 years with Bellsouth. They had different pay scales based on area costs of living. A technician in the Miami band made more than the same technician working in a largely rural area band.
God bless,
In Christ, ted
In the end... greed is the monster.... companies want to make more and more every quarter... demands from share holders continue with threats of selling stock and moving on....
reading through the thread the gist seems to be: despite what the studies and history indicates, (I) believe the opposite of that information
First of all, I would challenge the notion that there are across the board wage increases, "for most". Wages have been static for hourly workers for years, even in decline when inflation is factored.
Secondly, IF<- if wages are increasing it is not due to Trump's policies because they were intended to do the opposite, “...the President’s tax cuts, which are going to stimulate a lot of investment, productivity growth and downward pressure on wages.” -Peter Navarro Assistant to the President, and Director of Trade and Manufacturing Policy, April 2018
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No, since I negotiate wages for a living, I have kept up with the reporting on the issue. Those articles in 2015 were published rightI knew it! I knew you were going to sieze on the dates instead of any other information like uhhh businesses actually closing.
So, here's your logic. "That happened in the past. It's the present now, so all businesses are rich enough to pay double minimum wage."
It don't make much sense but...
You don’t seem to be very concerned with actual data. Very little data about the new minimum wage was available less than a year after the increase. As each year goes by, we have more data. Short term effects aren’t as important as long term effects. Now that we are a few years into Seattle’s increase, we can see that it has NOT caused a rise in unemployment. We know that it has NOT caused an increase in restaurant closures. Businesses close all of the time, and it can always be blamed on labor costs because labor is the largest expense of any business. I negotiate employee wages for a living and I have done plenty of research on this subject. I read the 2017 study when it was published, and all of the criticisms as well. Please tell me what is going on in Seattle right now that shows that workers are worse off because of a higher minimum wage. Anyone laid off when the wage went up had no problem getting another job, and at a higher wage.I knew it! I knew you were going to sieze on the dates instead of any other information like uhhh businesses actually closing.
So, here's your logic. "That happened in the past. It's the present now, so all businesses are rich enough to pay double minimum wage."
It don't make much sense but...
Are you responding to my post? What claim have I made that has “fallen flat,” and when did I refer to “progressive economists?” What points have you made that were actually backed up by data? You can’t say the high min wage causes higher unemployment, when the unemployment rates are so very low in those cities. That defies logic. Here in Portland, the minimum wage is $12.50/hr and they still can’t fill all the openings for min wage work.That's always something to say when a claim has fallen flat, isn't it?And make no mistake...writing something like "Progressive economists say" is no rebuttal to the points made by the rest of us here.
US wages in the past 12 months:
In the United States, wages are benchmarked using average hourly earnings. Data relate to production employees in mining and logging and manufacturing, construction employees in construction, and nonsupervisory employees in the service-providing industries. These groups account for approximately four-fifths of the total employment on private nonfarm payrolls. This page provides - United States Average Hourly Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news. United States Average Hourly Wages - actual data, historical chart and calendar of releases - was last updated on July of 2019.
United States Average Hourly Wages | 2019 | Data | Chart | Calendar
Jul 05, 2019 · U.S. workers are seeing the largest nominal wage increase in a decade, the Labor Department reported Wednesday, as companies compete harder for employees than they did in recent years. Wages rose ...
https://www.washingtonpost.com/
US wages in the past 12 months:
In the United States, wages are benchmarked using average hourly earnings. Data relate to production employees in mining and logging and manufacturing, construction employees in construction, and nonsupervisory employees in the service-providing industries. These groups account for approximately four-fifths of the total employment on private nonfarm payrolls. This page provides - United States Average Hourly Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news. United States Average Hourly Wages - actual data, historical chart and calendar of releases - was last updated on July of 2019.
United States Average Hourly Wages | 2019 | Data | Chart | Calendar
Jul 05, 2019 · U.S. workers are seeing the largest nominal wage increase in a decade, the Labor Department reported Wednesday, as companies compete harder for employees than they did in recent years. Wages rose ...
https://www.washingtonpost.com/
US wages in the past 12 months:
Oh, I am aware of the fact that there are other factors... however, greed isn't only the one easiest to blame... it's the biggest.Lots of reasons for high prices and low wages. Greed is only one, but the easiest to blame.
Hmmmmm.... there are no "Trump" haters here saying how it's all his fault.... Funny that.US wages in the past 12 months:
In the United States, wages are benchmarked using average hourly earnings. Data relate to production employees in mining and logging and manufacturing, construction employees in construction, and nonsupervisory employees in the service-providing industries. These groups account for approximately four-fifths of the total employment on private nonfarm payrolls. This page provides - United States Average Hourly Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news. United States Average Hourly Wages - actual data, historical chart and calendar of releases - was last updated on July of 2019.
United States Average Hourly Wages | 2019 | Data | Chart | Calendar
Jul 05, 2019 · U.S. workers are seeing the largest nominal wage increase in a decade, the Labor Department reported Wednesday, as companies compete harder for employees than they did in recent years. Wages rose ...
https://www.washingtonpost.com/
I heard or read a news report, in January of this year that stated the fact that by the end of January most CEO's had earned the equivalent of most of their workers annual salary...Most corporate executives could halve their stock options and fund modest wage increases for their lowest paid employees.
The damage is to people like me. I don't get even get cost of living raises now. So every time the minimum wage increases my dollar goes less far because product prices increase. If I can make $15 an hour to assemble a hamburger and not have the stress of 12 hour shifts or worrying about any of my patients dying and not have to touch blood, vomit, or poop...it might be time for a career change. I can imagine anyone willing to be a nurse aide or push stretchers anymore. Not if they can make the same as a fast food worker or other minimum wage job. The healthcare industry isn't going to give us any raises to make them get more than the minimum wage even though they do make more than the current min wage nowHi mukk,
My two cents worth...
I believe that the federal minimum wage should be raised. Pretty much everyone pays better than that minimum wage already. However, I'm not sure that $15 should be the standard nationwide. For federal minimum wage I'd be happy with $10-11/hour. Local municipalities and states are always able to raise minimum wages for a particular area where the cost of living may well be higher than much of the rest of the nation.
There are always articles that decry the damage that will be done every time raising the minimum wage comes up. So far, we haven't suffered an serious or lasting harm. Unfortunately, it seems to be just a short gain objective. We raise the minimum wage and for a short while those at the bottom of the food chain are making a little better income. However, after a year or two prices adjust and those same people find their buying power no better than it was before it all began.
However, I do believe that the federal minimum wage is out of step with most wage floors today.
God bless,
In Christ, ted
I agree. I don't think we want to go back to when there were no labor laws. That's when the was the rich and the poor and no middle class.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.
Oh, I am aware of the fact that there are other factors... however, greed isn't only the one easiest to blame... it's the biggest.
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