- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: CBO releases new $15 min wage analysis: adds 58 billion to deficit, costs 1.4 million jobs
Posted on 2/8/21 at 2:54 pm to HailHailtoMichigan!
Posted on 2/8/21 at 2:54 pm to HailHailtoMichigan!
Haven't perused this Thread...but what comes to my mind is that all of the layoffs that come from the impossible business scenario of $15/hr...will draw a Government Unemployment stipend which likely triples their normal working pay. This happened in the last Covid Stimulus Bill. The next is likely to be open ended; as such has little to do with disease, and more to do with social justice.
We'll know soon.
We'll know soon.
0
Posted on 2/8/21 at 3:04 pm to HailHailtoMichigan!
quote:
No way senate parliamentarian will allow it in the reconciliation bill.
1. The Senate has already dropped it for now.
2. Do you really think that the dems care about the rules?
Posted on 2/8/21 at 3:21 pm to HailHailtoMichigan!
Posted on 2/8/21 at 3:36 pm to dgnx6
quote:
It wouldnt be. People are already losing their jobs, this will accelerate that.
It’s incremental, wouldn’t be $15 until 2025.
Posted on 2/8/21 at 3:38 pm to Stonehog
Where you been my commie friend?
Posted on 2/8/21 at 3:41 pm to roadGator
quote:
Where you been my commie friend?
Just advocating for the poor, kind of like Jesus Christ.
Posted on 2/8/21 at 3:44 pm to The Pirate King
I listened to a lady on the TV this morning complaining about how many women were being laid off during the pandemic and she then started advocating for a raise in the minimum wage. I was thinking, hey if they can't afford you at 10 an hour how can they afford you at 15 an hour?
Posted on 2/8/21 at 3:51 pm to Stonehog
Why do you progressives invoke Jesus?
Anyway, Jesus actually did stuff for poor people other than post on a message board and wait for mommy gov.
Anyway, Jesus actually did stuff for poor people other than post on a message board and wait for mommy gov.
This post was edited on 2/8/21 at 3:52 pm
Posted on 2/8/21 at 3:54 pm to oliveandblue
Actually my company did an across the board $2 an hour raise and then terminated 2000 mid level managers making $75k-$90k a year. Over the years every time a raise was in acted the result was hiring freezes loss of hours loss of benefits and reduction of employees by 15-20 percent. Great plan Dims.
Posted on 2/8/21 at 4:05 pm to roadGator
I’m not progressive. I just think something has to be done about stagnant wages. Businesses aren’t raising them on their own so they need a little push from Uncle Sam.
We don’t have unfettered capitalism in this country, the government has always stepped in when things get out of control. Real wages not rising for decades is a crisis and it’s hurting the country in many different ways, like lower marriage and birth rates and lower rates of homeownership. That’s why I think the gov needs to step in.
We don’t have unfettered capitalism in this country, the government has always stepped in when things get out of control. Real wages not rising for decades is a crisis and it’s hurting the country in many different ways, like lower marriage and birth rates and lower rates of homeownership. That’s why I think the gov needs to step in.
Posted on 2/8/21 at 4:16 pm to Stonehog
quote:
I’m not progressive.
Posted on 2/8/21 at 4:25 pm to HailHailtoMichigan!
quote:
adds $58B to the deficit
If I understand reconciliation correctly this should make the min wage increase ineligible for the reconciliation bill unless they can take that 58 billion away from something else.
Posted on 2/8/21 at 4:31 pm to Stonehog
quote:
I just think something has to be done about stagnant wages. Businesses aren’t raising them on their own
Posted on 2/8/21 at 4:33 pm to Stonehog
quote:
I’m not progressive. I just think something has to be done about stagnant wages. Businesses aren’t raising them on their own so they need a little push from Uncle Sam.
The only thing the govt is doing is making sure the cost of goods increases sharply. Stagnant wages are an issue but this isn't the answer at all.
Posted on 2/8/21 at 4:44 pm to VADawg
quote:
The only thing the govt is doing is making sure the cost of goods increases sharply. Stagnant wages are an issue but this isn't the answer at all.
So what’s the answer to real wages not rising in decades? It hasn’t happened naturally so the government needs to step in. Costs of goods and services go up all the time, and people just keep getting squeezed because wages aren’t rising at the same rate.
Also feel like I need to reiterate that this is a gradual increase over years. It’s not going to $15 overnight.
This post was edited on 2/8/21 at 4:47 pm
Posted on 2/8/21 at 4:57 pm to Stonehog
Here in FL, the stupid populace voted for $15/hr minimum wage to scale up by 2026. The people who vote for that don't realize that they're voting themselves out of jobs.
Not like they will after this. You think your local grocery store is going to keep prices the same after they have to pay all of their high school cashiers, baggers, and shelf stockers the same wage that a fair amount of entry level jobs are starting at?
Also, there's another consequence. Let's say a business opens and they do party supplies and setups. They start guys out at $10ish an hour. After a few years, guys can work their way up to be drivers who make $16/hour now. Do you think the guy who has worked his way up to $16/hour is going to get his salary bumped too, or is he going to be bitter because he worked his arse off to get to $16/hour and the rest of the employees get to $15/hour with the stroke of Biden's pen?
What about little boutique shops that pay a few college kids $10/hour to run the cash register? Those cashiers will lose their jobs or the shop will go under altogether.
Small business owners don't all live in fancy mansions and drive Porsches. If you make them pay their employees more than what they're worth, these businesses will go under.
quote:
Costs of goods and services go up all the time
Not like they will after this. You think your local grocery store is going to keep prices the same after they have to pay all of their high school cashiers, baggers, and shelf stockers the same wage that a fair amount of entry level jobs are starting at?
Also, there's another consequence. Let's say a business opens and they do party supplies and setups. They start guys out at $10ish an hour. After a few years, guys can work their way up to be drivers who make $16/hour now. Do you think the guy who has worked his way up to $16/hour is going to get his salary bumped too, or is he going to be bitter because he worked his arse off to get to $16/hour and the rest of the employees get to $15/hour with the stroke of Biden's pen?
What about little boutique shops that pay a few college kids $10/hour to run the cash register? Those cashiers will lose their jobs or the shop will go under altogether.
Small business owners don't all live in fancy mansions and drive Porsches. If you make them pay their employees more than what they're worth, these businesses will go under.
Posted on 2/8/21 at 4:59 pm to Stonehog
quote:
First, it would be WAY more than that
It could be less.
Not likely. I work for a hotel company. They are seriously concerned about this $15 minimum wage passing. In places like California and Connecticut where we have hotels, it's not a big deal. Pretty much every hourly worker already is at $15/hour anyway. And the room night rates reflect it and the modest profit margins for the owners are maintained.
$15 hour mandated at our hotel in Tulsa, OK though? At current staffing levels it would wipe out all profits and you can't just say "oh well just increase your average room night rates from $100 to $150/night to make up the difference." People aren't paying that for that hotel. We absolutely will reduce hours/headcount to maintain profit margins as much as possible. Some of the headcount will be frontline hotel workers and some of it will be corporate overhead but jobs will absolutely be cut. This will be repeated in companies all over the US. And for those that can just outsource to other countries instead? See ya later jobs.
Posted on 2/8/21 at 5:03 pm to VADawg
So many of y’all’s hypotheticals involve people getting their feelings hurt.
“What about the guy who worked his way up to $16? How’s he gonna FEEL?!?”
“What about the people who paid off their student loans? AREN’T THEY GOING TO FEEL BAD?!?”
The market will adjust. Companies aren’t going to completely out price their customers just to partially protect profits. Companies aren’t going to shut down because they might have to pay a cashier a couple extra bucks an hour five years from now.
“What about the guy who worked his way up to $16? How’s he gonna FEEL?!?”
“What about the people who paid off their student loans? AREN’T THEY GOING TO FEEL BAD?!?”
The market will adjust. Companies aren’t going to completely out price their customers just to partially protect profits. Companies aren’t going to shut down because they might have to pay a cashier a couple extra bucks an hour five years from now.
Posted on 2/8/21 at 5:15 pm to Stonehog
Do you own a business?
Posted on 2/8/21 at 5:17 pm to HailHailtoMichigan!
The minimum wage is zero for someone without a job
Page 5 of 12
Popular
Back to top
Follow TigerDroppings for LSU Football News