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Message
re: More evidence why you should oppose the "national" minimum wage hike ...
Posted on 4/2/14 at 1:00 pm to SettleDown
Posted on 4/2/14 at 1:00 pm to SettleDown
Apparently I have more faith in the American people, including faith in currently unemployed people, than you do.
BTW - That is not a knock on you. I could be the one being dumb and naive here. But I do not believe I am.
BTW - That is not a knock on you. I could be the one being dumb and naive here. But I do not believe I am.
2
Posted on 4/2/14 at 1:07 pm to Eurocat
I'm not convinced you even understand the data yet.
Despite whether it's good for the whole of the country, which could certainly be debated, the point here is that this results in a direct loss of competitiveness for places like Baton Rouge. It simply defies economic sense, but that's to be expected when you put quantitatively-challenged idealists in positions of power.
Despite whether it's good for the whole of the country, which could certainly be debated, the point here is that this results in a direct loss of competitiveness for places like Baton Rouge. It simply defies economic sense, but that's to be expected when you put quantitatively-challenged idealists in positions of power.
Posted on 4/2/14 at 1:10 pm to RedStickBR
But a ton of folks in Baton Rouge will win from this, no?
Posted on 4/2/14 at 1:11 pm to Eurocat
quote:
But a ton of folks in Baton Rouge will win from this, no?
And others would lose. Unemployment would rise.
Posted on 4/2/14 at 1:12 pm to Eurocat
quote:
It will also reduce the number of unemployed as people will now see a reason to work. A good salary, no longer a pittance.
Have you ever taken a basic economics class? Serious question.
Posted on 4/2/14 at 1:18 pm to Eurocat
No, not really. It will probably lead to greater unemployment as this wage price is not at the point of market equilibrium that COL would require. Thus, employers will likely be forced to cut jobs.
Both workers and employers benefit from a strong local economy. And to have a strong local economy, you need conditions suitable to both workers and employers.
This policy, by failing to adjust for COL, hurts workers more than necessary in some areas and hurts employers more than necessary in others. Let's assume for the purposes of discussion it's an undeniable truth that a minimum wage hike to a $10.10 national average is "necessary." With this policy, workers in NYC are paid less than is "necessary," and employers in BR must pay more than is "necessary."
Thus, unless you're in an area where $10.10 is also your COL-adjusted equilibrium wage, i.e. your COL is at the national average, your economy is likely to see weakness wrought on by either pressure on labor suppliers or labor providers (relative to the rest of the country).
In all liklihood, this policy is a net negative to our country's economic well-being, even if you could argue that a $10.10 national average minimum wage would be positive were it otherwise applied on a COL-adjusted basis.
Both workers and employers benefit from a strong local economy. And to have a strong local economy, you need conditions suitable to both workers and employers.
This policy, by failing to adjust for COL, hurts workers more than necessary in some areas and hurts employers more than necessary in others. Let's assume for the purposes of discussion it's an undeniable truth that a minimum wage hike to a $10.10 national average is "necessary." With this policy, workers in NYC are paid less than is "necessary," and employers in BR must pay more than is "necessary."
Thus, unless you're in an area where $10.10 is also your COL-adjusted equilibrium wage, i.e. your COL is at the national average, your economy is likely to see weakness wrought on by either pressure on labor suppliers or labor providers (relative to the rest of the country).
In all liklihood, this policy is a net negative to our country's economic well-being, even if you could argue that a $10.10 national average minimum wage would be positive were it otherwise applied on a COL-adjusted basis.
This post was edited on 4/2/14 at 1:18 pm
Posted on 4/2/14 at 2:37 pm to Eurocat
quote:Again, I think that's at best a wash. Sure. Many making min-wage would get a raise but AGAIN, that doesn't actually expand the amount of resources the individual business had available for hiring people in the first place. Hence, unless the business is going charity on us, that simply has to have an effect elsewhere. Higher prices, fewer people hired, some let go......likely a combination of all.
But a ton of folks in Baton Rouge will win from this, no?
Why do people think this isn't reality?
Posted on 4/2/14 at 3:20 pm to Eurocat
And if what you're arguing is the "fairness" angle that the President has told you to argue, you should be jumping up and down screaming, "Workers in New York are getting screwed!"
Right?
Right?
This post was edited on 4/2/14 at 3:20 pm
Posted on 4/2/14 at 3:31 pm to Eurocat
quote:
It will also reduce the number of unemployed as people will now see a reason to work.
Do you honestly think that a business owner that currently has a large minimum wage workforce is going to expand his workforce if he has to pay 30% more in wages? He will not. If anything, he will be looking for ways to cut his labor costs so he can still be profitable.
For him to stay in business he will have to cut from something or raise prices. There's not just some big pool of money he's holding back and chomping at the bit to spend on higher wages.
Posted on 4/2/14 at 3:40 pm to Eurocat
quote:
Of course it gets noticed by every working man now finally making enough to live decently.
And another thing, minimum wage jobs should never be looked at as a job for your long term. It's something you do when you're a teenager starting out and getting experience. Some extra cash while in college. A temporary fix to get yourself out of a financial hole... Many reasons to have a minimum wage job but by no means should it be your meal ticket (literally).
Drives me crazy when you hear interviews saying "I can't live on this wage.". Well, no shite sherlock. Learn something and do better for yourself! It should be a motivator that life will suck if you don't make something of yourself.
Posted on 4/2/14 at 4:03 pm to Eurocat
Continually pushing a higher min wage is a great way to end up with self serve checkout lines at fast food places. At some point the cost becomes economically feasible.
Posted on 4/2/14 at 5:47 pm to Eurocat
(no message)
This post was edited on 12/23/14 at 11:30 pm
Posted on 4/2/14 at 6:14 pm to Eurocat
quote:
It will also reduce the number of unemployed as people will now see a reason to work. A good salary, no longer a pittance.
I don't believe anyone is really this stupid, must be trolling.
Posted on 4/2/14 at 8:57 pm to Eurocat
quote:
Maybe if you raise the minimum wage enough the freeloaders won't sit home?
Maybe. But free money just feels better to many.
So if we raise minimum wage to what Joey "union guy" is making, what does the union do to get Joey above minimum wage? And if Joey now makes x, Johnny now needs to make y.
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