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$15 living wage
6 months ago  ::  Nov 06, 2018 - 7:35AM #1
louisiana_lightning
Posts: 14,753
The early numbers are in and have been researched by the University of Washington.  The economy has been rolling so it's not as bad as I would have expected so far but there is some elasticity to this so give it time.


www.motherjones.com/kevin-drum/2018/11/t...



Low-income workers in Seattle, on average, earned about $17 more per week than they would have if the minimum wage law hadn’t changed. The researchers also come to a few other conclusions:

  • All the gains accrued to experienced workers. Inexperienced workers earned the same weekly wages as before.
  • Some of the gains came from working extra hours outside Seattle.
  • Job turnover decreased.
  • New entries into the workforce also decreased.

It's early so it looks like those that have experience and developed skills have increased their income which likely would have happened without the wage increase.  Hiring unskilled labor has become more risky and less rewarding.  Now expect employees that have gradulated to higher wages beyond the minimum to demand a correction which they deserve.  Many are under collective bargaining so that could take some years but that should be very disruptive.
6 months ago  ::  Nov 06, 2018 - 7:51AM #2
Based Boardroomjimmy
Posts: 5,444

screw it, lets make the minimum wage


Image result for one million dollars gif

6 months ago  ::  Nov 06, 2018 - 1:26PM #3
craner7
Posts: 22,486
Why not
6 months ago  ::  Nov 06, 2018 - 2:40PM #4
newinn
Posts: 32,456

sorry but it's ridiculous to pay a high school kid 15 bucks an hour for an introduction to the work place

6 months ago  ::  Nov 06, 2018 - 3:05PM #5
2BBobby
Posts: 3,255

Nov 6, 2018 -- 2:40PM, newinn wrote:


sorry but it's ridiculous to pay a high school kid 15 bucks an hour for an introduction to the work place




But...I assume you believe there should be a minimum wage. What should it be, and what criteria should be used to determine? Should it be the same in all parts of the country?

6 months ago  ::  Nov 06, 2018 - 3:14PM #6
louisiana_lightning
Posts: 14,753

Nov 6, 2018 -- 3:05PM, 2BBobby wrote:


Nov 6, 2018 -- 2:40PM, newinn wrote:


sorry but it's ridiculous to pay a high school kid 15 bucks an hour for an introduction to the work place




But...I assume you believe there should be a minimum wage. What should it be, and what criteria should be used to determine? Should it be the same in all parts of the country?




The consumers (you, me, and them) set prices.  Minimum wage and price controls are merely a temporary distortion in the market.  Corrections are already being made.


The national minimum wage is considerably less than state imposed minimum wages because the cost of living varies regionally.  Even within zip codes.

6 months ago  ::  Nov 06, 2018 - 3:15PM #7
newinn
Posts: 32,456

Nov 6, 2018 -- 3:05PM, 2BBobby wrote:


Nov 6, 2018 -- 2:40PM, newinn wrote:


sorry but it's ridiculous to pay a high school kid 15 bucks an hour for an introduction to the work place




But...I assume you believe there should be a minimum wage. What should it be, and what criteria should be used to determine? Should it be the same in all parts of the country?




Not sure how to do it Bobby but perhaps a $ 15 dollar minimu for those over 21. I know when I owned the kennel, 15 bucks an hour for the 5 pt high school kids would have really hurt. I paid the full timere 15 bucks

6 months ago  ::  Nov 06, 2018 - 3:19PM #8
louisiana_lightning
Posts: 14,753

Nov 6, 2018 -- 3:15PM, newinn wrote:


Nov 6, 2018 -- 3:05PM, 2BBobby wrote:


Nov 6, 2018 -- 2:40PM, newinn wrote:


sorry but it's ridiculous to pay a high school kid 15 bucks an hour for an introduction to the work place




But...I assume you believe there should be a minimum wage. What should it be, and what criteria should be used to determine? Should it be the same in all parts of the country?




Not sure how to do it Bobby but perhaps a $ 15 dollar minimu for those over 21. I know when I owned the kennel, 15 bucks an hour for the 5 pt high school kids would have really hurt. I paid the full timere 15 bucks




It was wrong for you and it is wrong across the board.   The only question is who does the cost get passed on to.  It varies depending on the business 

6 months ago  ::  Nov 06, 2018 - 3:19PM #9
2BBobby
Posts: 3,255

Nov 6, 2018 -- 3:14PM, louisiana_lightning wrote:


The consumers (you, me, and them) set prices.  Minimum wage and price controls are merely a temporary distortion in the market.  Corrections are already being made.


The national minimum wage is considerably less than state imposed minimum wages because the cost of living varies regionally.  Even within zip codes.




Actually, I knew you'd reply with something like that.


So...do you believe there should be a minimum wage at all?

6 months ago  ::  Nov 06, 2018 - 3:20PM #10
louisiana_lightning
Posts: 14,753

Nov 6, 2018 -- 3:19PM, 2BBobby wrote:


Nov 6, 2018 -- 3:14PM, louisiana_lightning wrote:


The consumers (you, me, and them) set prices.  Minimum wage and price controls are merely a temporary distortion in the market.  Corrections are already being made.


The national minimum wage is considerably less than state imposed minimum wages because the cost of living varies regionally.  Even within zip codes.




Actually, I knew you'd reply with something like that.


So...do you believe there should be a minimum wage at all?




Nope

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