Yeah----no, it's not good for The American Worker. It drives prices up and forces businesses to cut back on employees. Minimum wage should be abolished and laborers should seek the pay that the market will bear.
$15 an hour minimum wage killed Seatle’s job market
- Thread starter UsualName
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There is no evidence that shows what you’re saying.
Yeah----no, there is---
https://www.forbes.com/sites/edrens...ses-will-hurt-new-employee-most/#2087c0bb27d7
The negative impacts of these minimum wage hikes will be greatest in economically disadvantaged areas, where small businesses more often lack the profit margins necessary to cover the associated labor cost increases, and jobseekers lack the skills commensurate with the new wage floor. In other words, minimum wage increases reduce jobs where they’re needed most.
According to new research by economists at Trinity and Miami universities, California will lose 400,000 jobs by the time the state’s $15 minimum wage is fully phased in. Nearly half of these lost jobs will come in the restaurant and retail sectors, which traditionally operate on low profit margins and provide less-skilled jobseekers with employment options.
McDonald’s Announces Its Answer to $15 an Hour Minimum Wage – Touch-Screen Cashiers
https://www.thegatewaypundit.com/2015/06/mcdonalds-announces-its-answer-to-15-an-hour-minimum-wage/
https://www.thegatewaypundit.com/2015/06/mcdonalds-announces-its-answer-to-15-an-hour-minimum-wage/
https://pjmedia.com/trending/2016/0...recession-after-15-wage-law-goes-into-effect/
Early evidence from the Bureau of Labor Statistics (BLS) on Seattle’s monthly employment, the number of unemployed workers, and the city’s unemployment rate through December 2015 suggest that since last April when the first minimum wage hike took effect: a) the city’s employment has fallen by more than 11,000, b) the number of unemployed workers has risen by nearly 5,000, and c) the city’s jobless rate has increased by more than 1 percentage point (all based on BLS’s “not seasonally adjusted basis”). Those figures are based on employment data for the city of Seattle only (not the Seattle MSA or MD), and are available from the BLS website here (data are “not seasonally adjusted”).
Early evidence from the Bureau of Labor Statistics (BLS) on Seattle’s monthly employment, the number of unemployed workers, and the city’s unemployment rate through December 2015 suggest that since last April when the first minimum wage hike took effect: a) the city’s employment has fallen by more than 11,000, b) the number of unemployed workers has risen by nearly 5,000, and c) the city’s jobless rate has increased by more than 1 percentage point (all based on BLS’s “not seasonally adjusted basis”). Those figures are based on employment data for the city of Seattle only (not the Seattle MSA or MD), and are available from the BLS website here (data are “not seasonally adjusted”).
----and yet, Mr. Trump's economic policies continue to add jobs to the economy, even though minimum wage has removed jobs. The answer is to continue with Trump policies that help businesses grow and offer higher paying jobs to more folks. --Forget, the minimum wage increase--it's worthless window dressing.
The jobs that were created through deregulation, tax decreases, and other government lessening measures are indeed a good thing and something that is worth praising and encouraged. I think this was really wise on his part.
The jobs that were "created" (double quotes because they were not effectively created, but rather displaced in a less effective direction) through tariffs, making products previously produced abroad by American manufacturers less competitive are a disgrace. This should be completely abolished.
Why not $20 an hour or $ 30 an hour.-----Wait, I just threw a dart at a board and it stuck in the bullseye------Let's go to $100 and hour. ---Politicians have no business deciding what wages should be------see the pun there?
In this sense, it's contradictory for those defending the end of a minimum wage, but at the same time defending that the president forces companies that produce abroad, because of the labor costs and regulation in the U.S., to produce the same products inside the country through tariffs on imports.
They are both essentially the same thing: to artificially inflate the price of less efficient or cost/effective work and force consumers and workers to pay that price one way or the other.