General Discussion

delete_bush

(1,712 posts)

130. The "national memo" link

Sat Sep 6, 2014, 02:00 AM

Sep 2014

references the proposed $10.10 minimum wage, NOT anything close to $15/hr. To wit....

"The Congressional Budget Office projected on Tuesday that raising the minimum wage to $10.10 per hour would “reduce total employment by about 500,000 workers".

First, the CBO does not flatly claim that raising the minimum wage will kill 500,000 jobs. Rather, it projects that a $10.10 minimum wage would contract employment by somewhere between a “very slight decrease” and 1 million workers — 500,000 is the CBO’s best guess on where the total number of job losses will fall, but many economists disagree.

$15/hour is 50% more than $10.10, which in my opinion would be a complete disaster. Regardless, the article addresses $10.10/hour, and even at that level with mixed results. I can only imagine the results of the larger amount, could not be positive.

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Do you think the Federal minimum wage should be $15 per hour? [View all] Omaha Steve Sep 2014 OP

If that happens, the economy will go boom! (In a good way.) randome Sep 2014 #1

Try Telling That RadicalGeek Sep 2014 #2

It would certainly be a boost for the housing market delete_bush Sep 2014 #41

Where is that house located? In Miami, with the size of the land it appears to have, that would be Ghost in the Machine Sep 2014 #88

For whatever reason, I choose delete_bush Sep 2014 #94

Thank you, and my bad... I thought the post said that house was only $60,000 when in actuality Ghost in the Machine Sep 2014 #98

I am confused as to your point marym625 Sep 2014 #101

Not to get too technical, because delete_bush Sep 2014 #110

The reality is marym625 Sep 2014 #112

The figure DOES include taxes and insurance delete_bush Sep 2014 #120

I was in the mortgage marym625 Sep 2014 #123

It must have been awhile since you were in delete_bush Sep 2014 #127

Not that long marym625 Sep 2014 #128

The "national memo" link delete_bush Sep 2014 #130

You realize you just did exactly what the GOP did? marym625 Sep 2014 #132

I did nothing of the sort. delete_bush Sep 2014 #134

I did read your post marym625 Sep 2014 #136

I must not be explaining this properly... delete_bush Sep 2014 #137

I voted yes. merrily Sep 2014 #3

How much of the cost is worker wages? gratuitous Sep 2014 #19

Not the point I was making. merrily Sep 2014 #21

No, not the point you were making, no. Laelth Sep 2014 #37

Why do you think I would I want to hear it? Nothing in any of my posts suggests merrily Sep 2014 #43

Cool. Sorry. n/t Laelth Sep 2014 #45

No need to apologize. Misreading intent on a message board is easy. merrily Sep 2014 #46

Government could give businesses tax breaks Politicalboi Sep 2014 #27

No thanks. They get enough tax breaks as it is. merrily Sep 2014 #29

If you give workers more money they will spend it. upaloopa Sep 2014 #34

I agree there is no need, yet it happens all the time. merrily Sep 2014 #36

Businesses compete for customers using upaloopa Sep 2014 #38

Also true, yet many employers don't pay enough to make employees loyal and happy. merrily Sep 2014 #40

That's because they control the supply of needed upaloopa Sep 2014 #44

What do you think I am saying that was said to Ford? merrily Sep 2014 #47

All the other car makers said they would have upaloopa Sep 2014 #50

Thanks for the info, but you did not answer my question. merrily Sep 2014 #51

Ok I got it upaloopa Sep 2014 #52

Great. merrily Sep 2014 #54

Do you have a link for your assertion delete_bush Sep 2014 #61

It is from a biography that is on Netflix upaloopa Sep 2014 #63

So this is from your memory. delete_bush Sep 2014 #69

I heard it or read it. If that is a bad thing too bad upaloopa Sep 2014 #77

I come here to hopefully learn something. delete_bush Sep 2014 #95

The number cited is also refered to in 'Fordlandia: The Rise and Fall of Henry Ford's Forgotten Jung LanternWaste Sep 2014 #117

The "passed on to consumers" view misses several key concepts Taitertots Sep 2014 #59

Please see my reply 51 to upaloopa and my reply 43 to Laelth. merrily Sep 2014 #62

I disagree delete_bush Sep 2014 #67

But do you agree that minimum wage increases wouldn't be directly passed to consumers? Taitertots Sep 2014 #68

I will say that for some enterprises this will delete_bush Sep 2014 #71

What sandwich franchise has 6 employees working over 40 hours a week? Hippo_Tron Sep 2014 #73

In my example, delete_bush Sep 2014 #75

By your own admission, you're not sure of the average wage and just set it at $10 Hippo_Tron Sep 2014 #81

His example is extremely conservative taught_me_patience Sep 2014 #83

I set the average wage at what I consider to be delete_bush Sep 2014 #97

Add up the hours taught_me_patience Sep 2014 #82

Lunch lasts for 7 hours? Hippo_Tron Sep 2014 #85

Wages at 23% of sales? taught_me_patience Sep 2014 #80

I was being conservative with the numbers... delete_bush Sep 2014 #92

Exactly, you gave a great realistic and conservative example taught_me_patience Sep 2014 #109

It's good to hear from someone who delete_bush Sep 2014 #115

"Pass increase," or just maybe compete with pricing. Eleanors38 Sep 2014 #141

From productivity gains alone... MANative Sep 2014 #4

I ws just about to post no for this very reason. Beat me to it. Lochloosa Sep 2014 #5

Great minds... MANative Sep 2014 #6

+1 Go Vols Sep 2014 #23

$15 now gives people the ability to lobby for $22. As it is, their lives are chaotic and they can't. freshwest Sep 2014 #65

maximum wage permissable is what's needed fadedrose Sep 2014 #7

Actually I like $15.50 Half-Century Man Sep 2014 #8

I feel the same Iwillnevergiveup Sep 2014 #9

Other: _At least_ $15 per hour. (nt) Heidi Sep 2014 #10

I went with hell yes JustAnotherGen Sep 2014 #11

Not only that, but the reductionists who oppose the raise because they make more will get one, too. freshwest Sep 2014 #66

+1 leftstreet Sep 2014 #14

^^ this nt TBF Sep 2014 #64

If minimum wage were to raise to $15/hour, would other wages also rise accordingly? uppityperson Sep 2014 #12

K&R jamzrockz Sep 2014 #13

In a few years. KamaAina Sep 2014 #15

Perhaps $15/hr in city $12/hr suburban? JaneyVee Sep 2014 #16

If they are going to talk about a living wage then it should definitely be that much. jwirr Sep 2014 #17

Voted yes, but it should be higher than $15. n/t FSogol Sep 2014 #18

This message was self-deleted by its author NightWatcher Sep 2014 #20

A rising tide.... Omaha Steve Sep 2014 #22

I'm in favor of a rising tide, just not a tsunami NightWatcher Sep 2014 #24

If you can find a mecahnism ... Laelth Sep 2014 #32

We need to make sure that COLA is adjusted properly for SS and get rid of H-1B too... cascadiance Sep 2014 #33

Teachers have a union. 'Burger flippers' don't n/t leftstreet Sep 2014 #39

Some states forbid teachers being in a union Omaha Steve Sep 2014 #58

The thing to do is raise teachers' salaries not keep the min. wage merrily Sep 2014 #48

that's what I said, slowly raise everyone, just don't double overnight NightWatcher Sep 2014 #55

I never said slowly. merrily Sep 2014 #57

Adjuncts make about as much as fast-food workers. Starry Messenger Sep 2014 #70

A "burger flipper's" time and labor should be keyed by some other profession's pay? Scootaloo Sep 2014 #78

I worked at Burger King, McD's, Blimpie, Ruby Tuesday... NightWatcher Sep 2014 #84

I know exactly what I'm talking about. Scootaloo Sep 2014 #87

Wow, so much wrong. NightWatcher Sep 2014 #102

It's not the "burger flippers" fault justiceischeap Sep 2014 #100

Where is the idea that I have distain for minimum wage employees coming from? NightWatcher Sep 2014 #103

It was in your comment you've since deleted justiceischeap Sep 2014 #108

That's the most common argument against raising minimum wage, and it's misguided Orrex Sep 2014 #105

I said work up to it and not just double overnight. NightWatcher Sep 2014 #106

Delete if you like, but I don't think you're shitting on anyone Orrex Sep 2014 #107

I had to vote no Go Vols Sep 2014 #25

Agreed! It should be higher. Lars39 Sep 2014 #28

$25/hour? Now you're talking! delete_bush Sep 2014 #60

Like anyone is going to jamzrockz Sep 2014 #79

Bingo! delete_bush Sep 2014 #96

Yep Go Vols Sep 2014 #91

It should be much higher than that Nite Owl Sep 2014 #26

doesn't really matter Adam051188 Sep 2014 #30

k&r for labor. n/t Laelth Sep 2014 #31

Not only do I think it should be $15 an hour, I think it should be a goddamned litmus test. nt conservaphobe Sep 2014 #35

+1 merrily Sep 2014 #49

Minimum Wage Would Be $21.72 If It Kept Pace With Increases In Productivity baldguy Sep 2014 #42

This is why i voted no. temporary311 Sep 2014 #53

No. PeteSelman Sep 2014 #56

If nothing else, I'd like sub minimum for restaurant servers raised to 5.50 Algernon Moncrieff Sep 2014 #72

ALL workers should be subject to the same delete_bush Sep 2014 #74

Realistically, it would take years to change the culture in America -- if it could be done. Algernon Moncrieff Sep 2014 #76

They are in San Francisco. All wait staff are paid at least minimum wage which is $10.74 an hour. Luminous Animal Sep 2014 #119

I know, I live in CA, delete_bush Sep 2014 #122

Just think what that would do for the middle class in this country. It might save us. YOHABLO Sep 2014 #86

No 4b5f940728b232b034e4 Sep 2014 #89

But your boat will rise Bonx Sep 2014 #90

But everybody jamzrockz Sep 2014 #93

This turned into a great thread Omaha Steve Sep 2014 #99

There would be heavy inflation... Orsino Sep 2014 #104

Post removed Post removed Sep 2014 #111

What do you mean "sorry...". You aren't sorry. Workers deserve a living wage, period. CreekDog Sep 2014 #113

Well, the poster did discuss anchor stores Aerows Sep 2014 #116

Post has been hidden. alp227 Sep 2014 #118

Poster seems to have posted almost exclusively on Israel from the start CreekDog Sep 2014 #124

his sentiment sounds a lot like this: CreekDog Sep 2014 #125

Anchors have dwindled in most places Aerows Sep 2014 #114

Yep, and yesterday Omaha Steve. K&R Jefferson23 Sep 2014 #121

Yes, and middle class wages need to rise as well. tridim Sep 2014 #126

No because if we do that we get this....... AnalystInParadise Sep 2014 #129

Eventually, increasing the minimum wage causes unemployment. Unvanguard Sep 2014 #131

Great post marym625 Sep 2014 #133

Higher panader0 Sep 2014 #135

We need more Federal infrastructure daredtowork Sep 2014 #138

Nope. Iggo Sep 2014 #139

Sounds like you've done a lot of delete_bush Sep 2014 #140

Nope. Iggo Sep 2014 #142

My apologies, I took your delete_bush Sep 2014 #143

I don't disagree at all, but gradualism will probably be necessary here. nomorenomore08 Sep 2014 #144

Yes it should, and it should be phased in over several years Gormy Cuss Sep 2014 #145