How is a $15 federal minimum wage connected to Covid relief?

Discussion in 'Current Events' started by DentalFloss, Jan 15, 2021.

  1. Kode

    Kode Well-Known Member

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    Considering the damage done to the economy by government's total failure to correctly address COVID from the start, we're going to have to rebuild from where we are now, and with government as the employer of last resort to get it going again, huge expenditures for huge projects will be needed.
     
  2. Same Issues

    Same Issues Well-Known Member

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    Not sure where it should be, as they waited a long time to increase the MW, but I agree the factors of how we adjust minimum wage need to be updated. Thedimon makes a good suggestion of tying it to a basket of goods thats adjusted, or like we agree to tie it to inflation and raise the MW slowly every couple of years. AT LEAST SOMETHING REASONABLE and set in a logic people can understand. Its almost a joke how we are doing it now, and I can see why its so controversial because the numbers do seem random at this point. Its hard to peg where it should be after 14 years after monetary inflation has taken such a large bite off that 7.50 or whatever it is now.
     
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  3. AKS

    AKS Banned

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    How many applicants do you think a business would get for a $1/hour job? The free market works.
     
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  4. HB Surfer

    HB Surfer Well-Known Member Past Donor

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    This would be a fantastic way to screw up the job market in rural states. See Puerto Rico and what their Minimum Wage has done to the island.
     
  5. Doofenshmirtz

    Doofenshmirtz Well-Known Member Past Donor

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    Some politicians buy votes while others rent them by the hour. When the workers gets more per hour, they must spend where other workers get more and the cost is passed down. The worker is no better off, but the tax man gets a raise!
     
  6. EMTdaniel86

    EMTdaniel86 Banned

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    Because no trumper can do math right?
     
    Last edited: Jan 15, 2021
  7. EMTdaniel86

    EMTdaniel86 Banned

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    No you can. Look up the city of Prescott Food tax. We pay about 9.9% on food. So there is that side and then Safeway has to recoup some of its cost so they do rise the price on the consumer.
     
  8. Indlib

    Indlib Well-Known Member

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    This is a true statement but when does the government cut spending? How could the government cut spending when we are trying to pull away from the pandemic?

    Cutting taxes with no cuts in spending does constribute to inflation as it gives consumers more spending money.
     
    Last edited: Jan 15, 2021
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  9. altmiddle

    altmiddle Well-Known Member

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    The biggest elephant in the room for me has always been this: If someone makes say $16/hr how much of a raise do they get when minimum goes to $15 overnight? All of the gains they have worked to get through years of hard work just got wiped out with the stroke of a pen. Of course the rich won't be affected by any of this, but the lower middle class is going to get screwed. Everyone thinks the rich are just going to absorb the hit and along we go, but that just is not the case. Everyone who makes 30-50k all the way down to minimum are the ones that are going to take the hit.
     
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  10. Andrew Jackson

    Andrew Jackson Well-Known Member

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    Wow! What a shocking tactic.
    And, the Dems are the first party that ever thought of it.
    Those Dadburn Dems are super tricky.

    I guess that you (somehow) missed where McConnell added a Poison Pill to the Stimulus Check proposal?

    https://www.cnn.com/2020/12/29/politics/mcconnell-poison-pill-attached-to-bill/index.html
     
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  11. EMTdaniel86

    EMTdaniel86 Banned

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    ok.
     
    Last edited: Jan 15, 2021
  12. Kode

    Kode Well-Known Member

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    That would depend on what other unskilled jobs pay and how desperate unskilled workers are. And such problems are EXACTLY what the minimum wage is supposed to prevent. I don't want ANY workers to have to choose between dire poverty and death. If an employer truly cannot afford to make money while paying workers a "living wage", that employer's business plan is a failure and doesn't deserve to be the basis of a business.
     
    Last edited: Jan 15, 2021
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  13. Matthewthf

    Matthewthf Well-Known Member Past Donor

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    Many small bussinesses can't afford to pay this and why should someone making burgers get payed as much as someone working a factory?
     
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  14. EMTdaniel86

    EMTdaniel86 Banned

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    Watch how fast automation comes to the fast food world. It's already there in place anyway.
     
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  15. Matthewthf

    Matthewthf Well-Known Member Past Donor

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    A higher minimum wage means prices could go up on everything since demand for many things would increase as people spend more money.

    This is a bad idea. Many small bussinesses will have to shut down or have fewer workers.

    Also if you can't be civil then don't waste our time.
     
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  16. altmiddle

    altmiddle Well-Known Member

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    Many large businesses can't either. Many with a bachelors degree don't start at 15/hr. Now they want to give an unskilled worker like a janitor more than an accountant or similar professional position?
     
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  17. AKS

    AKS Banned

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    Please learn to read! The claim was not that prices would go up, that's a given for practical purposes. The claim was that milk in his area would go from $3.50 to $8 per gallon. A completely bullshit and baseless claim. And then the poster had the audacity to claim this is based on math. And then refuses to show the math behind the claim. It's a pathetic trumpian tactic. One that I'm sick of.
     
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  18. fmw

    fmw Well-Known Member

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    No it is the money printing that causes the inflation. Giving consumers more money to spend stimulates the economy. The last time the government cut spending was in the Jackson administration. They have forgotten the lessons.
     
  19. Indlib

    Indlib Well-Known Member

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    I expect we can both agree that inflation is caused by more then a single thing.
     
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  20. HTownMarine

    HTownMarine Well-Known Member Past Donor

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    It's more of a bad idea than $150/hr.

    That'd be 10x more effective. Math checks out.
     
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  21. fmw

    fmw Well-Known Member

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    They could offer it but nobody would take the jobs. The marketplace manages this sort of thing automatically thanks to competition. I think minimum wage gives companies an excuse to underpay people. I think does more harm than good.
     
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  22. Hotdogr

    Hotdogr Well-Known Member Past Donor

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    If I am willing to work for $1/hr, there should be no reason why I cannot.
     
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  23. fmw

    fmw Well-Known Member

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    If so i heard it wrong on the TV. I generally keep the TV running during the work day. My attention to it isn't that complete.
     
  24. fiddlerdave

    fiddlerdave Well-Known Member Past Donor

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    In reality, there wages are a very small portion of the costs of the selling price .

    For instance, federal minimum wage is $10 hr.

    Sales prices are tiny. A very conservative estimate doubles that increase, .72%. ($.0072 per $1 increase)

    For actual prices, here is a chart:

    https://www.upjohn.org/research-highlights/does-increasing-minimum-wage-lead-higher-prices
     
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  25. Bow To The Robots

    Bow To The Robots Banned at Members Request

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    But they will still be poor, even with artificial wage supports.
     

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