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re: What happens in BR if min wage becomes $15/hr?
Posted on 1/15/21 at 11:19 pm to beerJeep
Posted on 1/15/21 at 11:19 pm to beerJeep
quote:
what happens to the people who make 15 an hour right now? do they get fricked over, or do they get a likewise bump in pay?
The obvious result of a $15 / hour wage law is inflation, so yes, they get a bump in pay. It won't be immediate, but it will happen.
quote:
so. now that EVERYONE has gotten a raise, what does that do for anyone besides increase the cost of goods and services and decreasing the amount of hours worked by hourly employees?
Inflation is not a purely bad thing. It does force wages up- wages are just one more price. And those of us who aren't independently wealthy but did pay attention in school have low-interest debt. It would be justifiable reward if inflation (and thus wage growth) outpaced that 1-2% cost of money we're paying on our houses and cars. At present, it is not.
1
Posted on 1/15/21 at 11:19 pm to USMEagles
quote:
The obvious result of a $15 / hour wage law is inflation, so yes, they get a bump in pay. It won't be immediate, but it will happen.
so the guy that makes $15 an hour today is effectively told “frick you, youre now min wage”?
seems fair.
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