A funny thing happens at $15 per hour...

Snarkhund said:
I've seen it.

When an employer must pay every employee a minimum of $15 per hour regardless of duties a funny thing happens. Something we haven't seen in a long time.

Suddenly that employer has a word on his mind. That word is "merit".

When he or she must pay employees $15 per hour they start looking for actual competency. They start to look for reliability. They start to look for people who show up on time.

And they start firing people who do not meet those standards.

The whole thing is a hat tip to meritocracy. Many will be shut out of the work force but seeing leftists promote employment based upon merit is wonderful. Of course they don't know they are promoting the meritocracy but I think it will become apparent to them a few years down the line.

When the leftists perceive the unintended results of their work I think the next push will be something like "you must hire everyone who applies in the order of application" or some other drastic measure to ensure that you cannot hire based upon competency.

Tonight though the issue appears to be mute because the Senate Parliamentarian has declared that Uncle Joe cannot raise the minimum wage as part of the Covid Relief Bill.

So far Joe Biden has done nothing but issue Executive Orders and has not passed a single law through Congress. Yeah, that first 100 days LOL.
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We probably heard this kind of claim before most of the last 22 increases.
 
Mercor said:
Its not so much the $15 for enter level workers that is the issue
Its the level above them, the managers, the experienced workers
Maybe now they make 12-15hr ..now they will need to go to $20 to be fair
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Exactly. And that is how raising the minimum wage benefits all workers and will increase wages nationally.
 
Here4money said:
Imagine passing corporate tax cuts in 2017 decimating the treasury, printing trillions last year due to COVID, destroying the buying power of the dollar in the process, and redistributing taxes to the top earners for at least a generation, and still opposing increasing the minimum wage? Imagine being that cucked?
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Luckily there is no reason to imagine the treasury being decimated by tax cuts because once again after tax cuts, tax revenues went up....overall.
 
jem said:
Luckily there is no reason to imagine the treasury being decimated by tax cuts because once again after tax cuts, tax revenues went up....overall.
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https://www.taxpolicycenter.org/briefing-book/do-tax-cuts-pay-themselves

https://www.crfb.org/papers/tax-cuts-dont-pay-themselves

https://www.economicshelp.org/blog/159544/economics/do-tax-cuts-pay-for-themselves/

Conclusion

There is a significant difference between cutting tax rates in the US, where marginal tax rates are generally lower than 40% and cutting tax rates at 60 or 70%. At marginal tax rates of 40%, there is strong evidence that cutting tax rates (ceteris paribus) does lead to a fall in tax revenue.
 
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