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Hmm... is losing (to automation or off-shoring) more of those entry level employment opportunities now a good thing?
Which will cause wages to rise. This is a good thing!
I understand your position. Do you understand my position?
You're still not grasping the concept. Let's try a different angle.
Why did Amazon, Walmart, Bank of America, etc... raise their minimum hourly wage well above the federal and state floors? Hint: it has absolutely nothing to do with inflation or losing entry level employment opportunities.
the interim will hurt pretty badly for a lot of people who are currently making fifteen bucks an hour when the minimum wage is $7.25.
we can't make entry level jobs pay a comfortable wage.
we can help people out of those jobs and make sure that the floor wage lifts with inflation.
now that i've explained this another time, i will assume that anyone who is still confused wants to be.
the interim will hurt pretty badly for a lot of people who are currently making fifteen bucks an hour when the minimum wage is $7.25. we can't make entry level jobs pay a comfortable wage. we can help people out of those jobs and make sure that the floor wage lifts with inflation. now that i've explained this another time, i will assume that anyone who is still confused wants to be.
They can do so because labor costs for larger employers represent a smaller percentage of their total cost of sales and they can much more easily afford the initial investment in more automation.
Most of Europe does this stuff without issues.
We're already paying for it one way or another, as it is. Besides, business always claims that anything you require them to do will be cost-prohibitive. What has chasing the dragon in the other direction accomplished, other than concentrating more of the wealth in the hands of the fewest?
but people making that wage already or ten or fifteen bucks above it will just get a significant pay cut as inflation rises accordingly.
in a wage depressed state, someone can work for decades with a college education just to get to the mid 20s per hour. trying to make up for twenty or thirty years of inflation might raise the floor to fifteen bucks an hour, but people making that wage already or ten or fifteen bucks above it will just get a significant pay cut as inflation rises accordingly. however, i guess it's tough to understand if you haven't worked in a state like that for your whole career.
Causing most US wages to rise is not a good thing for those no longer in the workforce or for producers of exports.
Do you have any examples? Better yet... do you really believe i am unable to provide some recent and relevant real life examples of minimum wage increases and employment that followed?
Republicans opposing Biden's $1.9 trillion stimulus bill is the dumbest idea in the world.
Republicans are voting against money for vaccines, tests, schools, small businesses, and the unemployed.
it isn't incorrect. someone currently making sixteen bucks an hour now will now be making a buck an hour above minimum wage.
i've explained this enough, so i'll assume that you don't want to understand.
OK, how about a real life example of a federal MW increase of over 100% in 4 years.
Those living in Seattle, WA will very likely change their economic behavior based on such a large MW increase - I would expect lots of just out of town businesses will boom while many in town businesses will suffer greatly.
Burgers hardly cost more in European countries with similar wages.
You're being dishonest once again. The minimum wage has been $7.25 since 2009. Seriously... You're a smart guy... you should know better.
$7.25 in 2009, adjusted for CPI inflation, would be about $9 now.
JacksinPA, the federal minimum wage rate has never been among the primary drivers of U.S. dollar’s inflation which occurs when the minimum rate is or is not increased.Fetterman on backing $15 minimum wage: ‘That’s a hill I would die on’
Pennsylvania Lt. Gov. John Fetterman, who is running for the Senate, said Wednesday that supporting a $15 per hour federal minimum wage is “a hill I would die on.”Fetterman, who is seeking retiring…thehill.com
Pennsylvania Lt. Gov. John Fetterman, who is running for the Senate, said Wednesday that supporting a $15 per hour federal minimum wage is “a hill I would die on.”
Fetterman, who is seeking retiring Sen. Pat Toomey’s (R-Pa.) seat, told Hill.TV’s “Rising” that he would promote a higher minimum wage as a senator, calling it “a fundamental issue of our time.”
“That’s a hill I would die on,” he said. “It's a lie that has been in our society for generations that you can do anything closely resembling getting by on the minimum wage. It is reprehensible.”
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I'm very impressed with my future Senator. But converting his future Senate to buy in to this remains to be seen.
I thought there was a systematic way to adjust the minimum wage. I worked for $1.25/hour in 1961. But a dollar then was worth a lot more than today.
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