Getbig Bodybuilding, Figure and Fitness Forums
November 18, 2019, 12:53:30 AM *
Welcome, Guest. Please login or register.

Login with username, password and session length
 
   Home   Help Login Register  
Pages: [1]   Go Down
  Print  
Author Topic: Congressional Budget Office Report: A $15 Minimum Wage Would Be a Disaster  (Read 367 times)
loco
Getbig V
*****
Posts: 14177


loco like a fox


« on: July 15, 2019, 01:35:12 PM »

Congressional Budget Office Report: A $15 Minimum Wage Would Be an Economic Disaster

The report confirms what even liberal economists caution: A $15 minimum wage would “risk undesirable and unintended consequences” and lead to a survival-of-the-fittest labor market, where only the highest-skilled workers come out on top.

Democrats are under the illusion that the government can force employers to artificially increase wages with no adverse consequences for American workers. But that’s like saying the government could double families’ mortgage and rent payments without any consequence.

Here are six ways this new report exposes the minimum wage proposal as bad policy...

https://www.yahoo.com/news/report-15-minimum-wage-economic-190000618.html
Report to moderator   Logged
Thin Lizzy
Getbig V
*****
Posts: 10746

Say “No” to Socialism


« Reply #1 on: July 15, 2019, 01:54:13 PM »

It’s the SEIU that’s behind this. They want to unionize the fast food industry. It’s easier to do when there isn’t a big gap between the minimum wage and a union wage. Of course, this would cost many their jobs as automation would become viable in many cases.
Report to moderator   Logged
IroNat
Getbig V
*****
Gender: Male
Posts: 5894


I'm ok, you're screwed up.


« Reply #2 on: July 15, 2019, 02:12:12 PM »

I made $2.10/hr in 1975 in my min wage restaurant job in high school.

That equates to $10.32/hr today.

Most businesses are paying more than the federal min wage nowadays in order to get employees.

It would be impossible to hire anyone today at the federal min wage.

Googled these hourly wages:

WalMart pays $10+

Home Depot pays $10+

Kohls pays $9+

Target pays $11

All exceed or a very close to 1975 min wage adjusted for inflation.

Report to moderator   Logged
Thin Lizzy
Getbig V
*****
Posts: 10746

Say “No” to Socialism


« Reply #3 on: July 17, 2019, 01:45:52 PM »

Seattle-based restaurant chain declares bankruptcy, cites high minimum wage

https://news.yahoo.com/seattle-based-restaurant-chain-declares-143532347.html
Report to moderator   Logged
SOMEPARTS
Getbig V
*****
Posts: 6247



« Reply #4 on: July 17, 2019, 08:40:03 PM »

I worked fast food when wage went to $4.25 from $3.50 if I recall. I was going to a branch college and never thought that was a job that I could pay rent with. It did however put gas in the car and bought weed and fast food, haha.
Report to moderator   Logged
Thin Lizzy
Getbig V
*****
Posts: 10746

Say “No” to Socialism


« Reply #5 on: July 19, 2019, 11:35:32 AM »

I worked fast food when wage went to $4.25 from $3.50 if I recall. I was going to a branch college and never thought that was a job that I could pay rent with. It did however put gas in the car and bought weed and fast food, haha.

That’s what it’s supposed to be.
Report to moderator   Logged
Pages: [1]   Go Up
  Print  
 
Jump to:  

Theme created by Egad Community. Powered by MySQL Powered by PHP Powered by SMF 1.1.20 | SMF © 2013, Simple Machines Valid XHTML 1.0! Valid CSS!