an increase to 15hr min wage would mean

[mazrim]

Indeed, when you look at these minimum wage proposals, it's a raise of $.50 - $1.00 an hour, per year till they reach the mythical $15/hour minimum wage in most states. It's probably only pennies over what would've been the worker's merit raises anyway. Much to do about nothing.

Most of the "low skill" jobs that are here (michigan) you will never reach $15/hour in that amount of time. Not even close.
What is interesting is that with the increase in minimum wage, prices may go up and those who aren't low skill may not receive any sort of compensation for that and they become the ones now making less in a way.

[Marty Champions]

16 million people in the US make minimum wage.  only 20% of those 16 million are under 20.

Doesn't matter.  We don't need workers any more.  All the high paying manufacturing jobs have been gone for a while.  All the high paying white collar jobs are disappearing quickly. 

Self driving cars are less than 20 years away.  After that we won't need anyone who gets paid to drive, including truckers, bus drivers, taxi drivers, delivery people.

So either in the not too distant future, the vast majority of the world will be in abject poverty (and that tends to cause revolutions), or we'll have guaranteed income.  Everyone will be given a living wage for doing very little or nothing at all.

this is our future well said

[Marty Champions]

How can you have more people working when businesses have to raise costs to cover the mandated wage. It will drive consumers away. Holy shit, you're a PhD candidate??

exactly

[Marty Champions]

i dont have a serious solution against raising the min wage yet

but increasing to 15hr creates alot more probs than it solve like inflation and less jobs

[drkaje]

Corporate profits have never been higher. CEO's earn millions more than they ever have in the past. Obviously, someone is making out just fine. Ever hear of slavery?

An employment contract doesn't have the same relationship as slavery. It's agreed upon that employers make a profit.

You can always go to school, invent something, work smarter to make more money.

[Marty Champions]

anyone can live off 8per hour provided they had a couple of roomates

many young people dont even work and social services pay these peoples rent money and put 4 of them together. in a4 bedroom house

[Marty Champions]

u gain ur bosses trust and respect and he will gladly move u up the ladder to more pay

a boss should be allowed to be a boss if this is a free country and pay 3 dollars an hour if his workers will work 4 that

[Primemuscle]

Let's just assume for one second you're right about profits never being higher (which is BS because the economy pretty much sucks) do you actually think those profits aren't being reinvested to create more stores that in turn creates more jobs? Think about that. Who gives a shit if profits are higher. That's what you go into business for and honestly you couldn't live without these businesses.

As far as CEO's that are making millions? Good for them. They should. They're smarter than us, they assume the risk and make most of the decisions. It's their decisions that drive this economy, keep the doors open and create jobs. Let's go over this. You would rather pay $15 or more for a minimum wage than to help create more stores and more jobs?

Just like the CEO's of the major banks and investment firms were so smart right before floor fell out of the subprime mortgage market and thus the real estate market in 2008. If you call robbing millions of people and getting a way with it smart, than you are right.

[Primemuscle]

How can you have more people working when businesses have to raise costs to cover the mandated wage. It will drive consumers away. Holy shit, you're a PhD candidate??

An increase in minimum wage in the U.S. will have little effect on manufacturers since they mainly employ workers in 3rd world countries. When was the last time you bought something that was made in the U.S.A.?

[Primemuscle]

Indeed, when you look at these minimum wage proposals, it's a raise of $.50 - $1.00 an hour, per year till they reach the mythical $15/hour minimum wage in most states. It's probably only pennies over what would've been the worker's merit raises anyway. Much to do about nothing.

Aside from San Francisco, Seattle, etc... the big jumps only seem to be happening in the public sector.

I don't know about other places, but public employees in Oregon have seen their hours cut, moratoriums on cost of living increases, rollbacks on step increases, and reductions in benefits including medical insurance and PERS.

[Las Vegas]

Just like the CEO's of the major banks and investment firms were so smart right before floor fell out of the subprime mortgage market and thus the real estate market in 2008. If you call robbing millions of people and getting a way with it smart, than you are right.

Never fails to stun me, when people mix-up what's "smart" vs. what's crooked.  But many people do it.  I guess they don't know any better.

[T-REX007]

A total train wreck for the very people it's designed to help - great politics, terrible economics ...

What will happen ( has already been proven) take a basic Econ class and you will be taught this- price ceilings, wage floors etc... all help encourage destruction long term, large scale...

When companies are FORCED to pay $15 an hour more people who actually HAVE skills will be enticed to enter the job market, this will eventually lead to the single moms , bums, people with other types of problems etc.. to be pushed out because they can't compete with the new people entering the job market now ... if you're an employer you will choose the Community college student over a person with only a high school diploma, you will choose the student on summer break from a 4 year college over a single mom or GED holder, the kids going to college and others entering the job market now usually have access to better resources - reliable transportation, day care can be arranged, they are generally better in hygiene and appearance, speak more fluently, less problems with the law, can pass a drug test,  deal with people better, can solve problems better, WORK with people better etc... raising the minimum wage to unrealistic levels will hurt the people it was intended to help in the LONG run because they CAN'T compete with people who aren't lazy, obey the law consistently, don't do drugs, aren't full of tats, on probation ....

[oldtimer1]

Minimum wage was never meant to be a livable wage. It's for high school and college kids starting in the work place. It's a place for say a wife to supplement her husband's income. Its for someone with no real job skills to get a start. 

If you want to pay people 29K a year to flip burgers these places are going to have to make up for their losses resulting in fewer employees and higher prices. So a husband and wife with their two kids working at Burger King is going to be a household of $116K that the hamburger place is going to have to pay out.

[Primemuscle]

Never fails to stun me, when people mix-up what's "smart" vs. what's crooked.  But many people do it.  I guess they don't know any better.

You got me! It is occasionally smart to be crooked.

Many of those thieves are living the highlife which I guess means they are smart in some folks minds. Keep in mind some of them are now living behind bars or dead. Didn't Bernie Madoff's son commit suicide by hanging himself using a dog leash? Wonder how smart Bernie thinks he was now that his wife no longer speaks to him and his son committed suicide because of his dad's greed?

[Coach is Back!]

Bernie Sanders wants $15 min wage only to tax them at 90%....Lol

[Primemuscle]

Minimum wage was never meant to be a livable wage. It's for high school and college kids starting in the work place. It's a place for say a wife to supplement her husband's income. Its for someone with no real job skills to get a start. 

If you want to pay people 29K a year to flip burgers these places are going to have to make up for their losses resulting in fewer employees and higher prices. So a husband and wife with their two kids working at Burger King is going to be a household of $116K that the hamburger place is going to have to pay out.

Can you provide proof of this?

Most minimum wage workers are lucky when they can find half time jobs which provide vertually no benefits. In 2016, 150% of poverty level for a family of 3 is a little over $30,000. which is the annual salary before taxes for a person working fulltime @ $15.00 an hour. Families of three with this income qualify for public assistance. -Your choice, pay folks to work or pay them to go on the dole.

[Primemuscle]

Bernie Sanders wants $15 min wage only to tax them at 90%....Lol

I cannot believe how people convolute these things. Pay attention, the Democrats and even some reasonable Republicans are proposing to lower income tax on the middleclass. Currently, folks near or below the poverty level do not pay income tax.

[Coach is Back!]

Can you provide proof of this?

Most minimum wage workers are lucky when they can find half time jobs which provide vertually no benefits. In 2016, 150% of poverty level for a family of 3 is a little over $30,000. which is the annual salary before taxes for a person working fulltime @ $15.00 an hour. Families of three with this income qualify for public assistance. -Your choice, pay folks to work or pay them to go on the dole.

The last sentence of this post is such bullshit. You act like that's the only two alternatives. "Pay folks to work or pay them to go on the dole". How about this. Give them some fucking incentive to start a legit business where income is sky's the limit. For fucks sake, teach them to make something of themselves instead of settling for the status quo. Holy shit!!

[Coach is Back!]

EVERYONE chooses their own destiny.

[Primemuscle]

The last sentence of this post is such bullshit. You act like that's the only two alternatives. "Pay folks to work or pay them to go on the dole". How about this. Give them some fucking incentive to start a legit business where income is sky's the limit. For fucks sake, teach them to make something of themselves instead of settling for the status quo. Holy shit!!

If but that were possible. Ten percent of all adults are self-employed, including just 4% who own their own business and have employees working for them. Statistics do not support your reasoning.

Look, I am all for folks starting their own business. My dad did very well as a contractor while he was able to work, Unfortunately, he forgot to invest in retirement and he shorted himself on Social Security. It is lucky he passed when he was 64 or he and my mom would have probably been living in the poorhouse...I think today that means living on the street or moving in with your kids...no thank you.

[Coach is Back!]

If but that were possible. Ten percent of all adults are self-employed, including just 4% who own their own business and have employees working for them. Statistics do not support your reasoning.

Look, I am all for folks starting their own business. My dad did very well as a contractor while he was able to work, Unfortunately, he forgot to invest in retirement and he shorted himself on Social Security. It is lucky he passed when he was 64 or he and my mom would have probably been living in the poorhouse...I think today that means living on the street or moving in with your kids...no thank you.

What the fuck do "statistics" have to do with movtivating people to get off their asses and make something of themselves? It's a bullshit excuse to keep them oppressed. The "progressive" movement have made society so fucked they feel they can't do anything either without the help of government or they feel entitled. For Christs sake, this feeling of self entitlement has removed people from not knowing what dignity is.

[Immortal_Technique]

less hiring
cost of goods food ect increase
more tax collected by gov per person
less w orkers


stats by your lead economist electrical champion

Haha, the rich fear this shit.

[Primemuscle]

What the fuck do "statistics" have to do with movtivating people to get off their asses and make something of themselves? It's a bullshit excuse to keep them oppressed. The "progressive" movement have made society so fucked they feel they can't do anything either without the help of government or they feel entitled. For Christs sake, this feeling of self entitlement has removed people from not knowing what dignity is.

It would seem when you don't like what is factual, you call those facts bullshit excuses. Furthermore, your comments regarding "the progressive movement" and entitlement are smoke screens. Stay on topic, if you can.

The Progressive Movement was an effort to cure many of the ills of American society that had developed during the great spurt of industrial growth in the last quarter of the 19th century. The frontier had been tamed, great cities and businesses developed, and an overseas empire established, but not all citizens shared in the new wealth, prestige, and optimism.