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re: What happens in BR if min wage becomes $15/hr?
Posted on 1/15/21 at 2:59 pm to fightin tigers
Posted on 1/15/21 at 2:59 pm to fightin tigers
quote:I think what they are trying to do (and I don't necessarily agree that it'll work), is bump the minimum wage to a level that is actually "profitable" for entry level workers. If you can sit on your arse and collect welfare and other entitlement programs, and come out to the equivalent of 20k income, why would you work a minimum wage job that pays 14k per year? Now, I don't really think it's going to work, but I think that's part of their "plan" for increasing minimum wage.
Does minimum wage matter to those who don't work?
1
Posted on 1/15/21 at 3:09 pm to lsu xman
One result will be that a Five Guys burger will cost north of $20.00, easily.
Posted on 1/15/21 at 3:17 pm to lsu xman
More automated dealios, and better employees.
African Americans and no skilled workers will be fricked, they will push themselves out of work. Skilled people who got a shite degree will do that work for $15, and the product will improve.
The Shake machine will be working.
African Americans and no skilled workers will be fricked, they will push themselves out of work. Skilled people who got a shite degree will do that work for $15, and the product will improve.
The Shake machine will be working.
Posted on 1/15/21 at 3:20 pm to lsu xman
Way less people will be employed. Pretty simple
Posted on 1/15/21 at 3:23 pm to lsu xman
The price of everything just goes up effectively making the $15 worth the equivalent of $7. Those making more than minimum wage won’t get a raise , paying more for less. This effects everything so even houses will cost more. So you’re not helping those making minimum wage you’re crushing the middle class which is the whole point.
Posted on 1/15/21 at 4:00 pm to lsu xman
Posted on 1/15/21 at 4:02 pm to lsu xman
That's a federal minimum wage that won't apply to businesses that don't have federal contracts.
Posted on 1/15/21 at 4:03 pm to lsu xman
Robots will tell you to pull up for da spicy
Posted on 1/15/21 at 4:22 pm to lsu xman
quote:
What happens in BR if min wage becomes $15/hr?
My Master's degree that I have will be worth even less for when I return to the workforce.
Or the salary will start higher which means everything else will be more expensive. Which is not necessarily good.
Posted on 1/15/21 at 4:23 pm to lazy
Do you have a reference for this? I'd like to believe this, but I also know the Federal government will exert tremendous pressure on the states to up their min. wage.
Small businesses around the country are really stressing right now, including our own. At a minimum, we'd probably have to let at least one person go. It is a shame because we actually hired 4 people since covid started.
Small businesses around the country are really stressing right now, including our own. At a minimum, we'd probably have to let at least one person go. It is a shame because we actually hired 4 people since covid started.
Posted on 1/15/21 at 4:27 pm to fallguy_1978
quote:
Mandating a $15/hr minimum wage
Just passed it here in Fl. We gonna be looking like Ca. with prices here in about 5 years
Posted on 1/15/21 at 4:31 pm to fallguy_1978
quote:
Prices will rise and a lot of small businesses will fail.
Conversely, you'll see a tremendous increase in demand as there is more money being spent by workers. Just as tax breaks "stimulate" the economy due to dollars in peoples' pockets, so too do wage increases.
Posted on 1/15/21 at 4:34 pm to lsu xman
quote:
What happens in BR if min wage becomes $15/hr?
A Wendy’s combo will cost $20
Posted on 1/15/21 at 4:37 pm to lsu xman
The ice-cream machine will still be broken.
Posted on 1/15/21 at 4:40 pm to fallguy_1978
quote:It would have virtually no impact on Seattle, since it already has a minimum wage of nearly $17 an hour.
Mandating a $15/hr minimum wage will have a lot bigger impact on a place like Baton Rouge vs Seattle.
This post was edited on 1/15/21 at 4:42 pm
Posted on 1/15/21 at 4:41 pm to lsu xman
Kiosks
Posted on 1/15/21 at 4:47 pm to mmmmmbeeer
quote:
Conversely, you'll see a tremendous increase in demand as there is more money being spent by workers. Just as tax breaks "stimulate" the economy due to dollars in peoples' pockets, so too do wage increases.
It's nothing but a form of wealth redistribution. The middle class will pay for it, not the wealthy.
Posted on 1/15/21 at 4:53 pm to Rekamyah
This whole prospect, and the movement behind it, depresses me. And it will probably depress the whole US Economy. I feel powerless and unrepresented.
Posted on 1/15/21 at 4:55 pm to lsu xman
Posted on 1/15/21 at 5:38 pm to Epic Cajun
Kids must not have access to a basic economics course in HS. Either that, or they simply don’t GAF.
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