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Started By
Message
re: In Louisiana, you need twice the minimum wage to afford a 2-bedroom apartment
Posted on 6/27/19 at 9:44 am to Obtuse1
Posted on 6/27/19 at 9:44 am to Obtuse1
quote:
it would make zero difference so why would you be opposed to it?
Well according to you, millions of people are suffering with substandard wages.
1
Posted on 6/27/19 at 9:46 am to Capital Cajun
minimum wage job is not meant to sustain the life of a functioning adult.
It’s for high school kids to gain experience.
By this logic, who is working the breakfast and lunch shifts at places?
It’s for high school kids to gain experience.
By this logic, who is working the breakfast and lunch shifts at places?
Posted on 6/27/19 at 9:50 am to CaptainBrannigan
quote:
By this logic, who is working the breakfast and lunch shifts at places?
Most adults working fast food aren't making minimum wage. They may have started at minimum wage but if they're responsible workers they usually get bumped up.
I've seen plenty of ads for places like Wendy's starting at 9/hr in relatively low cost areas like Houma. And that was over 8 years ago.
The idea that everyone working in food service makes minimum wage is actually quite ignorant.
Posted on 6/27/19 at 9:51 am to goofball
Good thing most people who make minimum wage are still in school and live with their parents.
Posted on 6/27/19 at 9:52 am to CaptainBrannigan
quote:
By this logic, who is working the breakfast and lunch shifts at places?
Are they making minimum wage?
Posted on 6/27/19 at 9:53 am to goofball
There are a lot of different dynamics going on in the apartment industry here that drive rates, not the least of which is overbuilding and the increasing vacancy rates that are a result of that. Currently, BR is in the top vacancy rates in the country. Properties have to be profitable and maintain a certain number to be able to remain operational, and if they can’t get that from occupancy, they have to get it from increased rates, and like anything in business, you offer products and services based on what the market will bear, not to make it more affordable. There are a lot of upscale apartments in the BR area right now because that’s what the trend is, and what people are demanding. That comes at a price.
Posted on 6/27/19 at 9:53 am to Deactived
quote:
Are they making minimum wage?
Nope
Posted on 6/27/19 at 9:59 am to goofball
I don't think the issue is with minimum wage as it is with the cost of apartment living. Most mortgages are less or equal to apartment rent nowadays.
Even for someone making $15/hr, that's still only $1200 per check.
Even for someone making $15/hr, that's still only $1200 per check.
Posted on 6/27/19 at 10:02 am to Deactived
quote:
What's your solution?
The smart cookie in the room. I will use a combination of all the arguments proffered against my points, it would take all day to do more individually than I already have.
So it has been established that when you raise labor cost at the bottom end of wage earners it raises the cost of goods and services within the industries that rely significantly on these workers. Many of these industries provide subsistence level staples. This becomes a revolving door requiring you to constantly raise wages to keep the bottom end wages up with the inflation of base level goods and services.
So given that scenario what can a business that relies heavily on low skill low wage workers do to keep the operating cost the same but increase these lower end wages.
Outside of improving efficiency, which every good business should already be doing, there is only one cost of operation that is significantly elastic here. I bet you can figure out what that is.
Now, I was never interested in proffering a solution. I came here to merely point out the flaws in the OPs logic.
I have since been told that there really aren't really any significant number of people that make near minimum wage so I have no idea why moving the minimum wage to $12, for example, would have any significant impact. Though I know that isn't accurate and linked to the statistics.
I would rather work toward a system that allows people to work for what they NEED vs a system that is doomed to continue the cycle of government subsidies. If one prefers the subsidy system OK.
Posted on 6/27/19 at 10:03 am to whoa
quote:
Most mortgages are less or equal to apartment rent nowadays.
Aside from the whole dropping 20k or so downpayment, property taxes, insurance, and all the other things that get tacked onto owning a house.
This point is made by people like krista bordelon and Gary chambers
Posted on 6/27/19 at 10:05 am to RogerTheShrubber
quote:
Well according to you, millions of people are suffering with substandard wages.
So you either think you are right and thus the change makes no difference or you agree with me a lot of people make under $10 and hour and it would have a large impact on the cost of goods and services. Where do you actually fall on this?
Posted on 6/27/19 at 10:07 am to Deactived
There's many first time homeowner programs that help out with downpayment or will cover the entire thing.
Buying a home isn't nearly as hard as people make it out to be so long as you're educated on the process and buying within your means.
Buying a home isn't nearly as hard as people make it out to be so long as you're educated on the process and buying within your means.
Posted on 6/27/19 at 10:08 am to Deactived
quote:
Are they making minimum wage?
Try working with the data I provided (or refute it) for the 30% of wage workers under $10.10.
When you tie the argument to just the exact minimum wage it knocks out a huge number of people who make very little more than that.
Posted on 6/27/19 at 10:09 am to Obtuse1
quote:That's not how it works.
If this is the universal case then there should be no backlash for moving the minimum wage to say $11 per hour. That would not impact your business at all.
When you increase the minimum wage by 50%, thats going to have a pretty big impact to the bottom line on a business that employees minimum wage labor. They have to offset that kind of expense somewhere and its either going to be:
-Laying off workers or reducing hours and expecting more productivity out of workers who just got a 50% raise.
-Raising prices to offset the increase in their expenses
So you have people going from minimum wage to no wage if they get laid off and/or the buying power of $11/hr not being as much as it used to be once the prices on everything goes up because businesses had to raise prices to offset the increase in their labor costs.
The only person who loses here is the person who worked hard and got a raise/promotion or that has an education/skills and was making more than minimum wage because its not likely that a guy making $15/hour is getting a raise if minimum wage goes up, but now his $15/hour doesn't buy him as much after prices on everyday items go up.
Posted on 6/27/19 at 10:10 am to Capital Cajun
quote:
A minimum wage job is not meant to sustain the life of a functioning adult.
It used to be able to sustain of the life of an adult. Enough to keep a roof over the head and keep from starving. It wouldn't have been a great life, but it was, in fact sustaining.
Minimum wage has not close to kept up with inflation. But people have been convinced that big business interests manipulating regulation to gain market power is in their own interests.
Posted on 6/27/19 at 10:10 am to Sao
I live in a shite hole deep in south Louisiana and the illegals are making over 15 an hour. Hell some of the make 1500 plus a week. The adults that make less than that have zero goals and take no responsibility for their own life.
Posted on 6/27/19 at 10:12 am to Deactived
quote:do 22 months active duty, keep your nose clean.. qualify for a VA loan
Aside from the whole dropping 20k or so downpayment, property taxes, insurance, and all the other things that get tacked onto owning a house.
Posted on 6/27/19 at 10:13 am to whoa
No matter what you say, owning a home is way more expensive than renting an apartment
Posted on 6/27/19 at 10:13 am to Peazey
quote:
Minimum wage has not close to kept up with inflation.
Tends to happen when you allow millions of low skilled, lowly educated people into the country that put downward pressure on wages.
Posted on 6/27/19 at 10:13 am to Mike da Tigah
There's another side to that equation that you aren't mentioning. If they lowered rates they would have lower vacancy rates.
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