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U.S. minimum wage battle starts to heat up

Comments (48)
  • BlueOkie
    , contributor
    Comments (5533) | Send Message
     
    A $10.10 minimum wage will raise 900,000 out of poverty but it will also layoff 500,000 people. Doesn't seem very job friendly to me. Figures are CBO's not mine
    26 Feb, 03:16 PM Reply Like
  • chopchop0
    , contributor
    Comments (3523) | Send Message
     
    yup. I bet libs will call the "CBO" biased when it was the same CBO that (initially) gave Obamacare a free pass in terms of adding to the nation's debt.
    26 Feb, 03:21 PM Reply Like
  • snichols@go2nico
    , contributor
    Comments (11) | Send Message
     
    Let me understand the math then. $2.85 per hour more for 900,000 x 40 hrs/week = $102,600,000 more $ in the economy. $7.25 per hour less for 500,000 x 40 hrs/week = $145,000,000 less $ in the economy. My math says this is upside down logic to the tune of at least $42,400,000. Why do we pay these idiots to dream up stuff like this?
    26 Feb, 03:25 PM Reply Like
  • JDDurango
    , contributor
    Comments (194) | Send Message
     
    Would you pay an 18 year old kid with zero experience $20K per year?
    26 Feb, 03:48 PM Reply Like
  • phxcrane
    , contributor
    Comments (419) | Send Message
     
    Your figuring the 2.45 is created out of thin air. The money is already in the economy. All this is doing is redistributing it.
    26 Feb, 04:24 PM Reply Like
  • streetsmartie
    , contributor
    Comments (4) | Send Message
     
    You fail to mention that the CBO projected 16.5 million people would get a raise if the minimum wage is raised to 10.10. If we assume this only averages out to a $1 an hour average raise (even though likely most would get over $2 per hour more) it would amount to $16.5 million per hour increase across the country. If 900k people lose their job at 7.25 per hour this would be a loss of $6.5 million decrease per hour across the country. That is net wages would go up about $10 million per hour. Over the course of 2000 hour work year that amounts to about $20 billion net increase in wages that could stimulate the economy.
    26 Feb, 09:04 PM Reply Like
  • onlyapps
    , contributor
    Comments (71) | Send Message
     
    yes phxcrane, nail on the head. What the rest of you conveniently forget, is that if a company isn't paying their employees a living wage, you as the taxpayer are.
    27 Feb, 07:50 AM Reply Like
  • chopchop0
    , contributor
    Comments (3523) | Send Message
     
    "What the rest of you conveniently forget, is that if a company isn't paying their employees a living wage, you as the taxpayer are."

     

    What you are forgetting is that if you make the entry-wage too high, you get minority/teen UE rates of 20-25%+ Don't believe me? Check out certain western european countries.

     

    I'd rather have people work and be on welfare than be unemployed and be on welfare. I praise WMT for providing a good source of unskilled, entry-level jobs for people.
    27 Feb, 08:57 AM Reply Like
  • phxcrane
    , contributor
    Comments (419) | Send Message
     
    Again look at previous comment. Why is it that the left fails to see the money is already there. Why because it changes hands do you think it is some kind of extra stimulus?
    27 Feb, 02:03 PM Reply Like
  • onlyapps
    , contributor
    Comments (71) | Send Message
     
    I suggest watching Walmart, the documentary. Even as a shareholder, you will lose your "praise". There are many similar companies ( ie; Costco) that prosper with a better business model that benefits the consumer and employee. You are a consumer in this world, as well as an investor, right?
    28 Feb, 08:17 AM Reply Like
  • chopchop0
    , contributor
    Comments (3523) | Send Message
     
    "There are many similar companies ( ie; Costco) that prosper with a better business model that benefits the consumer and employee."

     

    Costco is basically a "Sam's Club" for rich people. Don't believe me? Check out the income levels/demographics of populations where Costco chooses to open its stores. If Costco chooses to start serving lower income areas, you better believe their pay scale will also go down to Wal-mart's/Sam's level.

     

    http://bv.ms/1hIbUWv
    28 Feb, 09:32 AM Reply Like
  • onlyapps
    , contributor
    Comments (71) | Send Message
     
    Sure would pay an 18 yr old kid with zero experience $20K/yr, if they were hard working, energetic, reliable & dependable. That 18 yr old needs $20K to pay for car insurance, a college or trade education, or anything else he/she desires with the money they earned helping you run your business successfully.
    3 Mar, 11:30 AM Reply Like
  • Michael Bryant
    , contributor
    Comments (5615) | Send Message
     
    Ideally, you should pay by how much end product you delivered. Work = Force times Distance. If you didn't move any distance (end product), no matter how much force you put in, you mathematically did NO WORK. The is my big argument about Congress. They haven't moved anywhere (did not move any distance). Thus, they did NO WORK and thus should not be paid.
    3 Mar, 11:41 AM Reply Like
  • mhanley
    , contributor
    Comments (43) | Send Message
     
    Funny how Leftests always use the term "fair wage" for one that is unilaterally imposed on one party. I always thought a fair wage would be one which was agreed upon by a willing buyer and a willing seller in an arms length transaction.
    26 Feb, 03:25 PM Reply Like
  • NormT
    , contributor
    Comments (134) | Send Message
     
    Their is no arms length transaction when a youth is hired. He/she has no persuasive ability. When I was 19 years old and had finished basic training, I was hired by a very good bank for $125.00 a month due to the unemployment office telling me that was the going rate. After being hired due to having accounting in high school, the going was revealed as $150.00. In two years I was promoted through four positions due to night school classes in accounting, credit management, and bank marketing. I was earning $40.00 a month less than married personnel with the same internal branch auditor before computers. This position took normally 5 years to attain that position. Where was my ability to negotiate? I worked from 11 to 19 years old and took accounting in the 9th grade to get out of the field labor. Today the problem is the lack of accounting training of the general population for the problems of their budgeting. Seventh grade math is the same as accounting level of math. teaching accounting and finance in the seventh grade would improve the budgeting of older workers.
    26 Feb, 07:23 PM Reply Like
  • GregSoon
    , contributor
    Comments (150) | Send Message
     
    I think the Idea the Leftists are going for is for 500,000 conservatives to leave the U.S. workforce and become anarchists in Texas. (haha).
    26 Feb, 03:27 PM Reply Like
  • wam350
    , contributor
    Comments (122) | Send Message
     
    GregSoon: I think you got it right! Obama creates dem by by taking away jobs.
    26 Feb, 03:40 PM Reply Like
  • LongT
    , contributor
    Comments (10) | Send Message
     
    You go it, Comrade!
    26 Feb, 09:04 PM Reply Like
  • DeepValueLover
    , contributor
    Comments (8659) | Send Message
     
    A national minimum wage makes ZERO sense.

     

    This is clearly a state issue.
    26 Feb, 03:46 PM Reply Like
  • Noquiche
    , contributor
    Comments (222) | Send Message
     
    As stated in the Constitution...
    26 Feb, 08:36 PM Reply Like
  • fredak
    , contributor
    Comments (22) | Send Message
     
    Once prices adjust to the higher demand from the new minimum wage, all the minimum wage earners will again be unable to afford the nice products. The 500,000 will be still be unemployed and all the people on fixed incomes will be able to qualify for SNAP, medicaid, fuel subsidies and other programs This is good??
    26 Feb, 03:50 PM Reply Like
  • WhiteTiger575
    , contributor
    Comments (219) | Send Message
     
    Laughable logic there.
    27 Feb, 02:46 PM Reply Like
  • Portage, MI
    , contributor
    Comments (180) | Send Message
     
    Will Target be back above $73/share, earning over 3% in Dividends along the way ?
    26 Feb, 04:16 PM Reply Like
  • Ray44
    , contributor
    Comments (52) | Send Message
     
    Automatic 39% raises across the board ! Here here ! Smoke'em if you got'em.
    The pandering is so shameless.
    26 Feb, 04:38 PM Reply Like
  • Michael Bryant
    , contributor
    Comments (5615) | Send Message
     
    Why does the minimum wage have to be the same everywhere? The minimum wage should be higher in California than in Mississippi. The minimum wage should be based on cost of living. That varies from place to place and by the number of dependents you have. Is it so hard to set the minimum wage based on these factors.

     

    I am all for raising the minimum wage, but some people don't need it. So why should someone lose his job for what another doesn't need?
    26 Feb, 05:25 PM Reply Like
  • WhiteTiger575
    , contributor
    Comments (219) | Send Message
     
    The idea that a minimum standard for all states isn't appropriate is purely an obstruction.
    Even in the lowest cost of living adjusted states a person is not truly self supporting at $10.10 an hour. It needs to be the "get by" factor for any state. It is doubtful that you can get anyone qualified to do decent work in California for less than $15 an hour.
    On the point about differences between states, it would be a good idea to create a matrix of factors to suggest a published higher minimum wage in more "expensive" states.
    26 Feb, 05:43 PM Reply Like
  • alkmaar
    , contributor
    Comments (30) | Send Message
     
    There shouldn't be a minimum wage at all. Let the market decide. You lousy governments, butt out!
    26 Feb, 08:41 PM Reply Like
  • WhiteTiger575
    , contributor
    Comments (219) | Send Message
     
    Yes, and deregulate and lower taxes for the wealthy to promote jobs. As if these tight close minded elitists would part with a penny if they didn't see a profit in it for themselves. They will continue to send the jobs overseas. I know what trickles down to the poor and it isn't money. And "leave no child left behind" is where they have the children pay for the mess the wealthy corporate establishment creates through deregulation, drastically insufficient wages, neglected schools, poor public roads, abandoning veterans health, promoting discrimination and only approving larger police and military. After all someone has to protect their mansions from the starving, uneducated and ever increasingly disenfranchised poor.
    You have been eating the rhetoric for so long that you have started to believe it rather than see it as the money grasping, self indulgent greed that it is. Not that I have an opinion on the matter LOL
    27 Feb, 02:59 PM Reply Like
  • starcorral
    , contributor
    Comments (519) | Send Message
     
    Minimum wages should increase, but not by 35 - 40%; how about $8.25 now, $8.65 by Fall 2015, and $9.15 by Jan 1, 2016. The Federal government loves spending small businessmen's income and taxing what is left over. Somehow Democrats feel just fine burdening those eeking by with having to pay unliveable extra wages and staggering insurance bills. In essence the Federal government decides our fates by edict. I have no employees anymore and never will again. The small businessman is the Democratic Party's whipping boy. I make more at a desk managing my portfolios than I made when I had 10 - 12 employees. Personally I don't care if any of them live or die; several over 15 years were worth more than minimum wage; most were incapable of actually "earning" minimum wage.
    26 Feb, 08:47 PM Reply Like
  • WhiteTiger575
    , contributor
    Comments (219) | Send Message
     
    Cheap, self indulgent and self serving. Die alone in incomprehensible demoralization.
    27 Feb, 03:03 PM Reply Like
  • LongT
    , contributor
    Comments (10) | Send Message
     
    Minimum Wage Hike in short:

     

    39% increase
    30% cut in common laborers
    30% increase in productivity required for all workers (or else environment)
    30% decrease in mid mngt w/ 40% increase duties & responsibilities
    39% bonus for executives at end of year (LOL)
    50% increase in mom & pop store closings
    100% increase in taxable minimum wage workers.

     

    DID YOU GET THAT?

     

    Congrats, I guess.
    26 Feb, 09:05 PM Reply Like
  • Ejc1969
    , contributor
    Comments (3) | Send Message
     
    The fact is employers cannot afford increases. I work in Foodservice distribution and what you are doing is causing artificial inflation in your restaurant. My operator is going to have to pass the increased extra cost onto his customer with higher prices.
    26 Feb, 09:22 PM Reply Like
  • Michael Bryant
    , contributor
    Comments (5615) | Send Message
     
    And now you get the tip argument.
    26 Feb, 11:34 PM Reply Like
  • WhiteTiger575
    , contributor
    Comments (219) | Send Message
     
    Yes, once again, if you can afford to go to a restaurant, maybe you are making more than $10.10 an hour. Here is a tip. Try cooking yourself meals.
    27 Feb, 03:05 PM Reply Like
  • Michael Bryant
    , contributor
    Comments (5615) | Send Message
     
    Generally no, I don't make more than $10/hour, but I leave a good 20-100% tip, depending on the service. And I usually pack cereal and nuts for lunch. One box of cereal ($4) can last 4 days.

     

    But anyway, I am not complaining about my situation. I enjoy tipping. A smile from the bartender can do wonders. But rather I am stating that I have read that quite a few Americans are tired of tipping everywhere. They argue that they will be happy to pay more to the employer so they do not have to tip (like in France). But I can see that some Americans don't tip and a higher price will in general cause lower sales.
    28 Feb, 06:35 AM Reply Like
  • cactus jack 65
    , contributor
    Comments (258) | Send Message
     
    I owned a Baseball card shop,a pizza shop and a quick lube and tune.. I always paid at least a couple dollars over minimum wage... Looking back I figure that's why I worked for free some of the time. People that flap their pie boxes about minimum wage but have never signed pay roll checks should think about it... :)
    27 Feb, 08:40 AM Reply Like
  • jumpnjoey77
    , contributor
    Comments (594) | Send Message
     
    I end up working for nothing 10 to 15 hours a week so I can pay my 5 employees without going into the red for the week.
    27 Feb, 09:36 AM Reply Like
  • jumpnjoey77
    , contributor
    Comments (594) | Send Message
     
    Pitting the poor against the middle class - takes this heat off the 1% and those getting paid via carried interest.
    27 Feb, 09:32 AM Reply Like
  • meta tree
    , contributor
    Comments (6) | Send Message
     
    Price is not only determined by costs, but also by factors like competition, and cost is not only determined by wages, but by other factors like the cost of materials. This means the there is not a simplistic one to one ratio of wages to prices, and that prices are unlikely to rise as fast as wages. So, at least on that point, raising the minimum wage shouldn't lead to massive price hikes. It is true that small businesses will take a hit if the minimum wage is raised, and this is where most of the job loss will occur. But it is not true that small businesses are the primary employers of minimum wage workers. That falls to large corporations, like WallMart. The WallMarts of the world are hugely profitable, so they can afford to pay their workers more. On balance, this will likely put more money into circulation in the economy and raise the economic growth rate.
    27 Feb, 11:23 AM Reply Like
  • WhiteTiger575
    , contributor
    Comments (219) | Send Message
     
    Employees are reduced to numbers in large corporations. Salary is a number on the Income and Loss from operations statement. Certainly some of the salary increase will translate into higher prices, but it is also true that the increase in salaries means more money in the economy.

     

    I have only one employee other than myself. I have always paid her 150% or more of minimum wage. When my income dropped dramatically during 2008 & 9, I had to cut her hours, but I increased her pay per hour and better defined her responsibilities. I had to pick up the slack, worked three times harder for half the pay. Tough times. Things are better, the wealthy are wealthier. Now I am working less and earning more. My clients are happy.
    27 Feb, 03:15 PM Reply Like
  • Naida
    , contributor
    Comments (131) | Send Message
     
    All wrong. Higher minimum wage will sort the good from the bad. Why not pay better workers more? Get rid of the bad. This is standard biology and evolution. Now all those workers who waste time playing with their phones during work hours can learn about hunger and what work means. Those who work, rewarded.
    27 Feb, 11:40 AM Reply Like
  • WhiteTiger575
    , contributor
    Comments (219) | Send Message
     
    If workers are not worth the money, replace them. You will pay what is necessary or do it yourself. What is your time worth?
    27 Feb, 03:17 PM Reply Like
  • phxcrane
    , contributor
    Comments (419) | Send Message
     
    Id Like to say to you the same thing Romney said to Obama. Just because you keep saying the same thing over and over again does not make it true. :-)
    4 Mar, 11:58 AM Reply Like
  • rayfrechette
    , contributor
    Comments (22) | Send Message
     
    Who, with any intelligence, thinks this will make any difference except for the people who are heavily mortgaged and will pay back their loans with cheaper dollars. All this will do is create more inflation and minimum wage will still buy minimum goods. Think, an hour of work will always buy only an hour's worth of goods; there is just so much area in a pie (the economy) and you can cut 200 pieces out of it, instead of 100, but it will take two to do the work that 1 used to do. You are still working with the same economy and minimum wage will always be the same percentage of the economy.
    27 Feb, 01:39 PM Reply Like
  • Michael Bryant
    , contributor
    Comments (5615) | Send Message
     
    The minimum wage in 1950 was about $15 inflation adjusted. So, why is it less now?
    28 Feb, 06:44 AM Reply Like
  • Noquiche
    , contributor
    Comments (222) | Send Message
     
    Global competition...the rest of the world was not in the game at that time due to the after-effects of WWII. Demand for US labor was high so wages were high. Demand for US labor has dropped significantly since that time therefore wages follow...
    2 Mar, 11:19 AM Reply Like
  • Michael Bryant
    , contributor
    Comments (5615) | Send Message
     
    So we need more skilled workers, which goes to the argument for more trade schools.
    3 Mar, 07:11 AM Reply Like
  • Noquiche
    , contributor
    Comments (222) | Send Message
     
    Agreed... and support for CC's and other low cost educational alternatives.
    4 Mar, 02:11 PM Reply Like
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