January 26, 20214 yr 1 hour ago, we_gotta_believe said: Not a fan of this. States and cities can have their own minimum wage set at levels above the federal minimum wage, which makes sense to me as cost of living is highly variable. A federal "one size fits all" policy like this will have plenty of unintended consequences. I agree about unintended consequences. There are several places in this country who need $15/hour wages immediately. Several states and jurisdictions put in place their own minimum wage increases already. I'm not sure if other places like the Deep South need $15/hour wages so much. Let each local jurisdiction decide. However, the Federal minimum wage has been set at $7.25/hour since 2009. It needs to go up. Perhaps around $10/hour is more reasonable? It doesn't need to double in the next 5 years.
January 26, 20214 yr 7 minutes ago, Alpha_TATEr said: if wages kept up with inflation the minimum may be even higher than $15. Depends how you measure it... The minimum wage in 1960's would equate up to $11.39/hour measured in 2018 dollars.
January 26, 20214 yr 41 minutes ago, greend said: That's what they have to do to try and get employees and so why is a $15 minimum wage needed? Minimum goes to 15 Sheetz will have to go to 18-20 other places higher yet, prices go up and now the $15 is more or less like 8 bucks was before. Minimum should go up bit but anyone working at a minimum wage job ought to work their way into a better paying job (yes even Sheetz) Agreed.
January 26, 20214 yr 34 minutes ago, toolg said: I agree about unintended consequences. There are several places in this country who need $15/hour wages immediately. Several states and jurisdictions put in place their own minimum wage increases already. I'm not sure if other places like the Deep South need $15/hour wages so much. Let each local jurisdiction decide. However, the Federal minimum wage has been set at $7.25/hour since 2009. It needs to go up. Perhaps around $10/hour is more reasonable? It doesn't need to double in the next 5 years. I could've sworn it was tethered to inflation, no? Am I confusing it with something else?
January 26, 20214 yr 31 minutes ago, toolg said: Depends how you measure it... The minimum wage in 1960's would equate up to $11.39/hour measured in 2018 dollars. Ok I was confusing it with my state's minimum wage. My bad. Which I guess begs the question then, why aren't we already tethering the federal minimum wage to inflation? Seems like that's a no-brainer of a first step that should be supported by everyone.
January 26, 20214 yr 39 minutes ago, we_gotta_believe said: I could've sworn it was tethered to inflation, no? Am I confusing it with something else? I was a bit confused when you said that as well lol. PA I believe was going to set in motion an escalating minimum wage. It's 7.25 now and I believe they were going to bump it up to 8.50 and then going up every 6 months or so then maxing out at 12.50 over the course of a few years. I lost track of what ever happened to it, I could of swore that it passed but, I think with covid it was put on the back burner.
January 26, 20214 yr 4 minutes ago, Bwestbrook36 said: I was a bit confused when you said that as well lol. PA I believe was going to set in motion an escalating minimum wage. It's 7.25 now and I believe they were going to bump it up to 8.50 and then going up every 6 months or so then maxing out at 12.50 over the course of a few years. I lost track of what ever happened to it, I could of swore that it passed but, I think with covid it was put on the back burner. Yeah I was thinking of MI state minimum wage. Federal min wage is somehow not tied to inflation. Which is weird to me.
January 30, 20214 yr 4 hours ago, Eaglesfandan said: FB I'm pretty sure people have been saying the exact same thing since min. wage became a thing. Your average suppliers generally need large markets of average people to be successful. They can't price out the general population without hurting themselves.
January 30, 20214 yr I’ll never understand the Dems obsession with a "Living wage”. Just because you work 40hrs a week at Burger King doesn’t mean it’s that businesses responsibility to ensure you can pay every bill you may have. Entry level jobs aren’t supposed to be your career. If a high school kid can do the same job as you than you clearly failed at life.
January 30, 20214 yr On 1/26/2021 at 3:43 PM, we_gotta_believe said: Ok I was confusing it with my state's minimum wage. My bad. Which I guess begs the question then, why aren't we already tethering the federal minimum wage to inflation? Seems like that's a no-brainer of a first step that should be supported by everyone. Because wage is a function of the work and its value not what is should be able to buy
January 30, 20214 yr 7 hours ago, Jsvand12 said: I’ll never understand the Dems obsession with a "Living wage”. Just because you work 40hrs a week at Burger King doesn’t mean it’s that businesses responsibility to ensure you can pay every bill you may have. Entry level jobs aren’t supposed to be your career. If a high school kid can do the same job as you than you clearly failed at life. This^ I work in a grocery store so obviously we have a ton of entry level jobs. The only people looking for those jobs are high school kids because their parents are teaching them responsibility college kids ( same thing ), retired people looking for something to do a few days a week and people collecting welfare looking for a few days to keep their food stamps rolling in. None of these people need minimum wage at 15 bucks an hour to feed their damn family.
January 30, 20214 yr 10 hours ago, EaglesRocker97 said: I'm pretty sure people have been saying the exact same thing since min. wage became a thing. Your average suppliers generally need large markets of average people to be successful. They can't price out the general population without hurting themselves. Exactly, minimum wage does necessarily affect the cost of goods sold to stores and restaurants. However, the cost of labor going into those items to get them out to consumers is where there will be a bit of an increase of price. The people saying milk will cost 20 bucks a gallon are morons.
January 30, 20214 yr 9 hours ago, ToastJenkins said: Because wage is a function of the work and its value not what is should be able to buy Ideally, yes. Pragmatically, no. Because the concept of value is relative. Having no minimum wage also carries its own set of unintended consequences.
January 30, 20214 yr I would say the consequences would be very much intended as they are long term healthy for the system
January 30, 20214 yr On 1/26/2021 at 2:31 PM, vikas83 said: The optimal solution is simple -- abolish the minimum wage and let the market work. The obsession with nominal wages instead of real purchasing power is why we can inflate asset prices and no one really cares. Asset owners make out well, the wealth gap increases, but hey -- we gave you more paper currency! Hey, it helps me, so whatever... Ok, how how do you raise real purchasing power?
February 2, 20214 yr Wont matter soon BOSTON DYNAMICS’ SPOT ADDS SELF-CHARGING TO LIVE AT REMOTE SITES FOREVER There’s also new browser based controls and a robotic arm attachment https://www.theverge.com/2021/2/2/22261932/boston-dynamics-spot-enterprise-self-charging-scout-web-based-control-software-robotic-arm
February 2, 20214 yr On 2/1/2021 at 12:00 AM, Dave Moss said: Which will cause them to have to pay more than 15 an hour.
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