California hikes minimum wage to $20/hr. Workers now make $0/hr

Discussion in 'Politics' started by Tsing Tao, Apr 4, 2024.

  1. newwurldmn

    newwurldmn

    #61     Apr 4, 2024
  2. newwurldmn

    newwurldmn

    A company is a price taker for the skills it needs. A job seeker is a price taker for the skills they provide.

    Btw - all companies (except very small ones, like less than 15 employees) have to provide at least Obamacare. Or they have to pay a penalty which covers the cost of Obamacare for their employees.
     
    #62     Apr 4, 2024
  3. Tony Stark

    Tony Stark

    Hes not trying.
     
    #63     Apr 4, 2024
  4. Tony Stark

    Tony Stark


    Not everyone in blue states are hedgefund managers or lobbyists.
     
    #64     Apr 4, 2024
  5. Tony Stark

    Tony Stark


    Not the entire cost of Obamacare
     
    #65     Apr 4, 2024
  6. newwurldmn

    newwurldmn

    But a lot of them are and push the per capita up.

    The average net worth of a .1%er is 150MM. The min to get into the club is 35MM.
     
    #66     Apr 4, 2024
  7. newwurldmn

    newwurldmn

    It's actually cheaper to pay for Obamacare than to pay the fine. I had this conversation with my insurance broker last week. (as a hypothetical, we give decent insurance to our employees).
     
    #67     Apr 4, 2024
  8. Tony Stark

    Tony Stark


    UPS drivers make over 100,000 a year

    Amazon drivers make 18-20 an hour

    Some companies pay drivers 7.25 an hour

    All the same skill.
     
    #68     Apr 4, 2024
  9. newwurldmn

    newwurldmn

    The market isn't perfect as there's friction. We could mandate each job has a required wage... i think that's been tried before, but i can't remember which country tried it and how it went.

    All those drivers should go to UPS.
     
    #69     Apr 4, 2024
  10. Tony Stark

    Tony Stark


    Government subsidized low paying employers takes business from UPS so they cant:(
     
    #70     Apr 4, 2024