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

[El OchoCinco]

Yet Apple and Walmart seem to be doing just fine...

All the arguments agaisnt the Min Wage are fake about jacking it from 7.25 to 15 overnight. Most proposals are looking at 5 to 7 year roll outs. I am sorry if business think that paying someone $58 a day for 8 hours of work is fair and now they can no longer take advantage of cheap labor. They are welcome to raise prices 1-3%.

This idea that paying 2 employees $1200 more a month will break the business is in a vaccuum. The business can get rid of one employee, make a minor adjustment to prices to cover the added cost, adjust hours etc.....I have seen numerous business make adjustments to other costs, it is part of business.

In tghe long run, a work force at the bottom making more money will allow for more spending and better cost of living adjustments and business will adjust over time. When states have raised the sales taxes, retailers and companies raised the price to cover the sales tax or the end price went up if it was itemized separately. It is called business.

 

[Scataphagos]

Among those paid by the hour, 434,000 workers earned exactly the prevailing federal minimum wage of $7.25 per hour.

So how is it that I can't find house cleaning services for $20/hr? That's "3x the minimum wage" for exercising the minimum skill of "running a dust rag and a mop"?

(I've seen ads for house cleanings wanting $40/hr. What? Are you kidding? There a people with masters degrees in productive fields who don't make $80K/year!)

 

[El OchoCinco]

So how is it that I can't find house cleaning services for $20/hr? That's "3x the minimum wage" for exercising the minimum skill of "running a dust rag and a mop"?

(I've seen ads for house cleanings wanting $40/hr. What? Are you kidding? There a people with masters degrees in productive fields who don't make $80K/year!)

people cleaning houses are not working 40 hour work weeks. Also, cleaning services charge $40/hour and that rate goes to pay for the cleaners (who don't make $40/hour), cost of supplies, transportation, overhead, advertising.

Seriously?

I think i understand why people failed economics and business.

 

[SunTrader]

Yet Apple and Walmart seem to be doing just fine...

All the arguments agaisnt the Min Wage are fake about jacking it from 7.25 to 15 overnight. Most proposals are looking at 5 to 7 year roll outs. I am sorry if business think that paying someone $58 a day for 8 hours of work is fair and now they can no longer take advantage of cheap labor. They are welcome to raise prices 1-3%.
...

Agree.

 

[jem]

How about we cease importing a million potential workers a year... and let our markets function properly.

Over and over history has shown us command economies have failed with misery for all but the cronies.

Let's fix our country by starting with a govt which creates laws which give our current citizens a change of reaping part of the benefits of tech advances.

 

[Mercor]

So how is it that I can't find house cleaning services for $20/hr? That's "3x the minimum wage" for exercising the minimum skill of "running a dust rag and a mop"?

(I've seen ads for house cleanings wanting $40/hr. What? Are you kidding? There a people with masters degrees in productive fields who don't make $80K/year!)

Correct
The amount of workers at minimum wage is 2% and dropping to zero

This is really not about the 400,000 people at minimum wage
It is about driving all the other salaries higher
Ultimately it raises union wages
...and higher union wages mean higher dues and more money into the democratic party

 

[SunTrader]

Kneejerky nonsense. 1980 called and wants it back

There are far more above the minimum who are NOT in a union.

 

[newwurldmn]

Exactly.... Min wage has stayed the same for 20 years while all cost of living has increased. Also so many large and small businesses pay well over min wage showing that it is viable to be higher. the floor should be raised and can be done so to not cause major overnight shocks and most advocates are pushing for a phase in and regional differences.

Better someone making more money than making more welfare. If there are initial job losses so be it but wages have risen over the past 10 years naturally outside of min wage and we are constantly creating new jobs right? So in the long run we will be ahead.

Based on this argument, there is no reason to increase the minimum wage.

 

[newwurldmn]

People vote with their dollars - or should. It's exactly why I own zero Apple products.

And only in recent times why I do shop on occasion in WalMart.

The argument of raising the minimum wage reeks like the Trumpers who buy hats that say "America First" (the hats are made in China).

 

[Mercor]

Kneejerky nonsense. 1980 called and wants it back

There are far more above the minimum who are NOT in a union.

Big picture my friend

In transportation, the warehouse workers get a minimum wage boost, It narrows the gap with the non union truck drivers, drivers than ask for a raise, than unions look at the rising pay of non union drivers and they pressure UPS for higher driver wages....leads to higher dues and more democratic contributions