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Started By
Message
re: California passes bill to begin $15 minimum wage.
Posted on 3/31/16 at 2:47 pm to xxKylexx
Posted on 3/31/16 at 2:47 pm to xxKylexx
Hi.
My name is economics.
No one in California had ever met me. They might have heard of me, but they never took the time to study or learn about me.
They are in desperate need of an expert on me though.
My name is economics.
No one in California had ever met me. They might have heard of me, but they never took the time to study or learn about me.
They are in desperate need of an expert on me though.
0
Posted on 3/31/16 at 2:47 pm to tlsu15
quote:
Explain this one to me.
You believe that an individual is too dumb to determine what the pay level for a job should be.
Posted on 3/31/16 at 2:50 pm to Golfer
No, I believe if it's not regulated people will be taken advantage of because the "minimum wage" will be constantly driven down.
If every burger place is paying $4 an hour, it doesn't matter if I think the pay level should be higher. They will continue to pay it or build robots that already exists to replace all the people who refuse to work for that wage.
Minimum wages are a necessity.
If every burger place is paying $4 an hour, it doesn't matter if I think the pay level should be higher. They will continue to pay it or build robots that already exists to replace all the people who refuse to work for that wage.
Minimum wages are a necessity.
Posted on 3/31/16 at 2:50 pm to tlsu15
quote:
If I'm a small business owner paying my emplyee $12.50 an hour and the state mandates I give them a raise to $15, what incentive do i have to bump it up further to say $18 an hour?
you were paying them above the minimum wage for a reason, likely to have a better employee than you would get with minimum wage. I would think the percentage increase for a min wage worker would basically apply to everyone in the workforce. People making $12.50 would be making $17, people making $30 would be making $34 and on up. The companies will adjust their pricing to offset the labor costs rising which will in turn cause higher prices. I think once the correction occurs the $15 wage will get you what the current min wage gets you in our economy.
Posted on 3/31/16 at 2:50 pm to tlsu15
quote:
Higher than the national average yes, but it's all relative to cost of living. $15 in urban parts of Cali would be like $10 in Louisiana. It's really not that outrageous
It is outrageous when you consider that in a capitalist market such as ours, we are forcing businesses to pay someone a wage that a panel deems acceptable rather than what the market dictates is acceptable for that person's skillset. There should be no minimum wage, period.
Also, people like you are the reason that this country is going to shite. Thanks a lot.
This post was edited on 3/31/16 at 2:52 pm
Posted on 3/31/16 at 2:51 pm to NoHoTiger
What does that tell you about the value employers place on your education and experience in a related field? It tells me they view you as worth about twice the current minimum wage. You made decisions that resulted in your current circumstances. Were you uninformed when you made all of those decisions, or did you give higher priorities to factors other than compensation?
Having unnecessary skills is not much better than having no skills. You can be the top talent in your chosen field, but that doesn't guarantee there is economic value associated with your talent.
Having unnecessary skills is not much better than having no skills. You can be the top talent in your chosen field, but that doesn't guarantee there is economic value associated with your talent.
Posted on 3/31/16 at 2:51 pm to tlsu15
quote:
You either have way too much faith in business owners or don't give a shite about people that have to start out working at the bottom. Either way, you're wrong.
Maybe I'm wrong, maybe I'm right. You have no idea. What I do know is federal minimum wage should be determined by the free market. I also feel that you should be allowed to discriminate against race, sex, and religion as long as you are willing to suffer the consequences.
The problem is not a minimum wage problem. The problem is an education problem. $5/hr jobs will always exist from now until the end of time. Raising the minimum wage is never going to change that fact. Poor people will always exists. We need to stop trying to fix their problems and focus on giving them the tool to fix themselves.You can't pull yourself up by your boot straps if you don't have boot straps.
You are right about one thing, I do not give a shite about people who start out working at the bottom. I also don't give a shite about the guy down the street from me with the Ferrari, or the woman I saw at Whole foods the other day in the SL63. I don't give a shite about a lot of things.
Posted on 3/31/16 at 2:52 pm to Golfer
quote:
You believe that an individual is too dumb to determine what the pay level for a job should be.
I think the individuals won't have very much leverage. Sure, it'll happen in some cases, but I don't think it'll be as widespread as you think.
Posted on 3/31/16 at 2:52 pm to Topwater Trout
quote:
you were paying them above the minimum wage for a reason, likely to have a better employee than you would get with minimum wage. I would think the percentage increase for a min wage worker would basically apply to everyone in the workforce. People making $12.50 would be making $17, people making $30 would be making $34 and on up. The companies will adjust their pricing to offset the labor costs rising which will in turn cause higher prices. I think once the correction occurs the $15 wage will get you what the current min wage gets you in our economy.
I understand the logic, I just don't think it's practical in real life. Companies that are paying workers low wages are often doing it out of necessity. They can't afford to pay someone $50,000 a year. I don't think they would start doing it just because the state raised the minimum wage.
Posted on 3/31/16 at 2:52 pm to tlsu15
quote:
No, I believe if it's not regulated people will be taken advantage of because the "minimum wage" will be constantly driven down.
Employers have a hard enough time filling min wage jobs. They would go out of business because they have no workers
Posted on 3/31/16 at 2:52 pm to tlsu15
quote:
If every burger place is paying $4 an hour, it doesn't matter if I think the pay level should be higher.
If every burger place is paying $4/hr, they'll go work for the hotel that's paying $7/hr. And guess what the burger place will have to do to stay open?
This post was edited on 3/31/16 at 2:54 pm
Posted on 3/31/16 at 2:54 pm to Golfer
quote:
If every burger place is paying $4/hr, they'll go work for the hotel that's paying $7/hr. And guess what the burger place will have to do to stay open?
And when all the hotel jobs are taken, what are people to do?
Posted on 3/31/16 at 2:54 pm to NoHoTiger
That's just one of the many problems with this. The guy who was making 10 now gets 15 the guy who is making 16 is still gonna be making 16.
Posted on 3/31/16 at 2:55 pm to Barf
I think minimum wage is necessary to create a VERY low floor. Something like $5.
$15 is absurd.
$15 is absurd.
Posted on 3/31/16 at 2:56 pm to Barf
quote:
What I do know is federal minimum wage should be determined by the free market. I also feel that you should be allowed to discriminate against race, sex, and religion as long as you are willing to suffer the consequences.
Posted on 3/31/16 at 2:56 pm to Topwater Trout
quote:
Employers have a hard enough time filling min wage jobs. They would go out of business because they have no workers
PREACH!!
I employ a couple of college kids to drive shite around town for me. I can't hire anyone for less than about $9/hr. I would hire someone at $7.25/hr if I could find someone willing to work for $7.25/hr however most of those jobs are reserved for highschool kids who hustle for beer money.
Posted on 3/31/16 at 2:57 pm to tlsu15
quote:
And when all the hotel jobs are taken, what are people to do?
Become more skilled, determined and driven?
Posted on 3/31/16 at 2:57 pm to LG2BAMA
quote:
That's just one of the many problems with this. The guy who was making 10 now gets 15 the guy who is making 16 is still gonna be making 16.
I agree with this, and then the guy who is making $16 is going to be pissed he isn't getting the massive raise the guy who is now making $15 just received. When his value was once double minimum wage, it is now only 6.7% higher. How is that person going to react? I highly doubt it's by working harder. THIS is the problem that can't be solved.
Posted on 3/31/16 at 2:57 pm to East Coast Band
quote:
Can they just change "minimum wage" employees to like a base salary of $20k?
No. A lot of jobs were reclassified out here several years ago. It's fairly well spelled out what is exempt and what is non-exempt out here.
Posted on 3/31/16 at 2:59 pm to tlsu15
quote:
THIS is the problem that can't be solved.
And wouldn't exist if you eliminated minimum wage standards.
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