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Started By
Message
re: $15 minimum wage proposal
Posted on 7/19/19 at 2:01 pm to Geauxld Finger
Posted on 7/19/19 at 2:01 pm to Geauxld Finger
$15?????
Why not $75?
Or $300
Or $8,234?
Or $123,876
Or $ 2,456,880
Or $2,342,323,874,789
Seriously ask them that question.
I mean, it’s complete hogwash that they suggest a number out of thin air!
And fwiw, The federal government’s job is not to dictate wage policy to business. Not even remotely relevant to their job.
It’s rhetoric to paint capitalism into a corner and rally their lameass troops to hate the rich and get votes.
Why not $75?
Or $300
Or $8,234?
Or $123,876
Or $ 2,456,880
Or $2,342,323,874,789
Seriously ask them that question.
I mean, it’s complete hogwash that they suggest a number out of thin air!
And fwiw, The federal government’s job is not to dictate wage policy to business. Not even remotely relevant to their job.
It’s rhetoric to paint capitalism into a corner and rally their lameass troops to hate the rich and get votes.
1
Posted on 7/19/19 at 2:03 pm to SlidellCajun
quote:
I mean, it’s complete hogwash that they suggest a number out of thin air!
I don't agree with them, but this simply isn't true.
quote:
The federal government’s job is not to dictate wage policy to business. Not even remotely relevant to their job.
The federal governments job is to foster the society and protect its citizenry, wages are part of that.
Posted on 7/19/19 at 2:05 pm to Mingo Was His NameO
quote:
So.Much.Stupid
Where exactly is his statement wrong?
Posted on 7/19/19 at 2:09 pm to Geauxld Finger
Here is the irony...raising the minimum wage will spark increases in the prices of products...ramping up more inflation in a bullwhip effect. Who will be impacted most by high inflation??? The guy making minimum wage.
Posted on 7/19/19 at 2:11 pm to Centinel
quote:
Where exactly is his statement wrong?
Wages are not just like "every other price in the market"
Not even close to being true.
Posted on 7/19/19 at 2:13 pm to Mingo Was His NameO
quote:
Wages are not just like "every other price in the market"
Not even close to being true.
You don't think employers are going to adjust the number of employees and/or their hours if the minimum wage goes up to $15 an hour?
Posted on 7/19/19 at 2:15 pm to Mingo Was His NameO
$15 in san fran is low but $15 in alexandria la is high... that is arbirtary. It certainly isn’t based in any sort of economic reality.
Thus, the whole proposal is a con.
And the federal government exists to protect us but wages have NOTHING to do with it. They’re suppose to Protect us from hostile enemies. We are suppose to take care of ourselves when it comes to earning a wage. And it’s called “earning” for a reason. You’re suggesting a gift.
Thus, the whole proposal is a con.
And the federal government exists to protect us but wages have NOTHING to do with it. They’re suppose to Protect us from hostile enemies. We are suppose to take care of ourselves when it comes to earning a wage. And it’s called “earning” for a reason. You’re suggesting a gift.
Posted on 7/19/19 at 2:16 pm to Mingo Was His NameO
quote:
The federal governments job is to foster the society and protect its citizenry, wages are part of that.
lolwhat?
Please tell me you're not one of those people who feel a job is a "right".
This post was edited on 7/19/19 at 2:17 pm
Posted on 7/19/19 at 2:21 pm to LSUFanHouston
quote:
Raising the min wage will result in price increases. They will be roughly the same as the market ALWAYS find equilibrium. So these workers - now at their $15 an hour wage - will still be just as poor. They will still lack the money needed to meet basic expenses.
That is overly simplistic. For this to be the case all the goods and services they consume would have to be totally produced by minimum wage workers. If you double the minimum wage then those workers will not have double the buying power but they will not be "just as poor".
Posted on 7/19/19 at 2:22 pm to Centinel
I read earlier that an increase to $15/hr minimum wage would cost approximately 3.7 million employees their jobs.
Posted on 7/19/19 at 2:24 pm to SlidellCajun
quote:
$15 in san fran is low but $15 in alexandria la is high... that is arbirtary.
Which is why I don't agree with it.
quote:
We are suppose to take care of ourselves when it comes to earning a wage.
Then why are there dozens of employment and labor laws?
Posted on 7/19/19 at 2:25 pm to Centinel
quote:
Please tell me you're not one of those people who feel a job is a "right".
Of course not, I never indicated such
Posted on 7/19/19 at 2:26 pm to Obtuse1
quote:
For this to be the case all the goods and services they consume would have to be totally produced by minimum wage workers. If you double the minimum wage then those workers will not have double the buying power but they will not be "just as poor".
Let's say you currently make $12.25 an hour.
Let's say min wage goes from 7.25 to 15.
Are you going to say, wow, thanks, now I'm at 15? No, you are going to demand, because your job is "harder" than min wage, to still be paid that premium to min wage. So, now you are going to want $20.25 an hour. And companies will have to pay it in order to keep production up, or, they will outsource or automate.
Taking min wage to 15 impacts a lot more people than those making min wage. That ripple effect is going to be what drives prices higher and make the poor people (nor anyone else) have any real net impact.
Also, a lot of union wage scales are based as a multiple of min wage. This is the real reason why so many democrats support an increase in min wage, because it results in an increase for union jobs as well.
This post was edited on 7/19/19 at 2:29 pm
Posted on 7/19/19 at 2:46 pm to Mingo Was His NameO
Labor laws have been enacted because society has allowed it. Unions get their way from time to time and laws get passed to protect the worker from abuses of the employer.
Posted on 7/19/19 at 2:49 pm to Geauxld Finger
Politicians are also proposing school loan forgiveness too.
Posted on 7/19/19 at 2:51 pm to lsu xman
quote:
Politicians are also proposing school loan forgiveness too.
It's kind of a tradition to buy votes with other people's money.
Posted on 7/19/19 at 2:55 pm to LSUFanHouston
quote:
That ripple effect is going to be what drives prices higher and make the poor people (nor anyone else) have any real net impact.
I am aware that there are knock-on effects but the problem with your profer is the price of every good and service the minimum wage earner consumes would have to double for them to be functionally as poor. You certainly have valid points but your hypothesis is a bridge too far.
I get it nobody wants to pay more for the goods and services they consume. It is a very complex situation even for Nobel laureates in Econ to predict so we aren't going to be able to do it on a napkin. I was simply pointing out the logical flaw in your argument. This is another in a long list of topics that the majority of people see solely through a political lens and 99% of the time it leaves both sides incorrect however hard they fight against the notion they could be wrong. It is like arguing the Laffer curve, everyone argues like they know where the top of the curve is but the guy that postulated the curve, with his Yale and Stanford Econ degrees, was the guy smart enough to know he wasn't smart enough to add the numbers on the X and Y-axis.
Posted on 7/19/19 at 3:17 pm to Obtuse1
quote:
certainly have valid points but your hypothesis is a bridge too far.
Even when you add in the effects of lost wages due to lost jobs?
Taken as a whole, the combination of lost jobs / lost wages, and higher prices are going to mean our poverty numbers aren't going to change in any appreciable way. Is it a 1:1 exact relationship? Maybe not... but it's probably at least a .9:1 relationship.
The number of people "no different" or "worse off" will far exceed the number of people "better off".
So... the real point of my argument... rather than waste all this time and effort on min wage... why not instead invest more in improving skill development?
Take a look at any job board... there are always a plethora of jobs available for nurses, welders, electricians, mechanics, etc. Improve skill development and fill those jobs, and then when we get to a point where we have more skilled people than skilled jobs, we can talk about min wage increases or other benefit programs like basic income.
Posted on 7/19/19 at 3:18 pm to MorbidTheClown
Poor Bernie. He could have been a contender until 4 SJWs stole his ideas.
Posted on 7/19/19 at 3:23 pm to Mingo Was His NameO
quote:
Then why are there dozens of employment and labor laws?
Populism, which appeals to the least common denominator.
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