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

Discussion in 'Politics' started by Snarkhund, Feb 26, 2021.

  1. Buy1Sell2

    Buy1Sell2

    Certainly------like those displaced pipeline employees who will suddenly become solar panel builders or the coal miners that will start coding. Get a grip and Get right.
     
    #91     Mar 2, 2021
  2. Buy1Sell2

    Buy1Sell2

    Say good bye to these entry level jobs--
    https://www.bls.gov/opub/reports/minimum-wage/2019/home.htm

    Among those paid by the hour, 392,000 workers
    earned exactly the prevailing federal minimum wage of $7.25 per hour. About 1.2 million had wages below the federal minimum. Together, these 1.6 million workers with wages at or below the federal minimum made up 1.9 percent of all hourly paid workers.

    (In addition, this argument is simply a smoke and mirrors dog and pony show perpetuated by Leftists to make it look like they care. In reality, there should be no minimum wage whatsoballsout and the market should decide what hourly rates should be.)
     
    #92     Mar 2, 2021
  3. Snarkhund

    Snarkhund

    The minimum wage, at higher levels... is a tax.

    Employers will either pair back staff, pass labor increases on to the consumer or both. Likely both.

    It is another means to make the middle class pay for socialism. There will be new insane proposals everyday until you are numb to it.
     
    #93     Mar 2, 2021
    Buy1Sell2 likes this.
  4. Buy1Sell2

    Buy1Sell2

    Why shouldn't it be 25 dollars an hour-------or perhaps 75 dollars an hour?
     
    #94     Mar 2, 2021
    elderado likes this.
  5. UsualName

    UsualName

    So the minimum wage should be zero? Have you thought this through?
     
    #95     Mar 2, 2021
  6. newwurldmn

    newwurldmn

    Automation can lead to augmentation and a whole class of workers who have to manage these robots.

    Raising the minimum wage doesn't solve the structural problem that many people will be obsoleted by a required new skill. What will, is free community college.
     
    #96     Mar 2, 2021
    UsualName likes this.
  7. piezoe

    piezoe

    Pure bullshit. You can't pass it on if you don't have a viable business without labor subsidies, otherwise you can. And remember: 1) it's phased in over time! ; 2) If the minimum goes up by 108% (7.25 to 15) over 4 years, the amount of labor cost increase passed on per annum to maintain constant profits, in the majority of cases, will amount to a tiny fraction of 108% of final price, the only exceptions being cases where under 15/hr labor is a major part of a final products cost. And even there its not much per year when spread out over 4 years.

    If you can't afford to pay your full-time employees a living wage you don't deserve to be in business. Find something else to do, like go to work for someone who knows how to run a profitable business.
     
    #97     Mar 2, 2021
    Atlantic and Overnight like this.
  8. piezoe

    piezoe

    There are millions of jobs that can't be , as yet, automated, and may never be. And there are millions of jobs were automation is a poor substitute for human interaction. If you don't believe this try to invent a robot that can teach how to tap dance. It's possible, however the result won't be tap dancing, it will be robotic dancing -- something very different.
     
    #98     Mar 2, 2021
    Overnight likes this.
  9. UsualName

    UsualName

    The last minimum wage increase was accompanied by a business tax package to help with the transition. I would expect the same to happen this go around, if it goes anywhere.
     
    #99     Mar 2, 2021
  10. Overnight

    Overnight

    Free community college will not make dumb people smart. What would be a better alternative is free technical training.
     
    #100     Mar 2, 2021
    UsualName likes this.