Help me understand the impact of a $15 minimum wage?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Critics of a higher minimum wage cite a number of reasons for their opposition: the effect on youth employment levels, the likelihood that it will increase the costs of products and services, and the chance that it will decrease the number of jobs available. Such concerns align with the data and projections published by the nonpartisan Congressional Budget Office in July 2019. The CBO estimated that while a $15 minimum wage would increase the wages of 17 million workers and reduce the number of people living below the poverty line, it would also eliminate 1.3 million jobs. The CBO’s projections also indicated a $15 minimum wage would reduce business income while causing prices to increase, concluding that “the $15 option would reduce total real (inflation-adjusted) family income in 2025 by $9 billion, or 0.1 percent.”

Given the opposition to a $15 minimum wage among economists and the projections put out by prominent organizations like the CBO, Biden is wrong to claim that “all the economics” indicate raising the minimum wage to $15 would have an overall positive effect on the economy.

If he does this, he will take the prize as the biggest job killing president. He already has a great start on this unflattering title with many of his EOs.

Biden fixing the massive damage Treason Trump did actually has pretty high reviews among Americans.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If you can’t afford to pay your employees a living wage, your company is not profitable and your business is ALREADY a failure.

+1 million

If your business model depends on your workers living in poverty, you should fail. We need healthy businesses for our economy and our country to actually flourish.

I would also like to see legislation in the future that ties executive salaries to the wages of their lowest paid employees. The ratio was about 20:1 in the 60s. It's ballooned to about 320:1 today. The greed is out of hand.

This.

+3
Sorry. These big business owners, CEOs, and shareholders are killing America. They’re basically land based pirates with better PR.

[Anonymous]

Anonymous wrote:

Anonymous wrote:If you can’t afford to pay your employees a living wage, your company is not profitable and your business is ALREADY a failure.

+1 million

If your business model depends on your workers living in poverty, you should fail. We need healthy businesses for our economy and our country to actually flourish.

I would also like to see legislation in the future that ties executive salaries to the wages of their lowest paid employees. The ratio was about 20:1 in the 60s. It's ballooned to about 320:1 today. The greed is out of hand.

Ok, define living wage. Does it include a car? 2 cars? Cell phones and $250 cable bill? What’s considered "living"

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If you can’t afford to pay your employees a living wage, your company is not profitable and your business is ALREADY a failure.

+1 million

If your business model depends on your workers living in poverty, you should fail. We need healthy businesses for our economy and our country to actually flourish.

I would also like to see legislation in the future that ties executive salaries to the wages of their lowest paid employees. The ratio was about 20:1 in the 60s. It's ballooned to about 320:1 today. The greed is out of hand.

Ok, define living wage. Does it include a car? 2 cars? Cell phones and $250 cable bill? What’s considered "living"

Being able to pay rent, utilities, food and transportation with one income. For example, my friend who makes $11 an hour at age 50, has to share a house, split the bills, and can barely afford to cover all her bills.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If you can’t afford to pay your employees a living wage, your company is not profitable and your business is ALREADY a failure.

+1 million

If your business model depends on your workers living in poverty, you should fail. We need healthy businesses for our economy and our country to actually flourish.

I would also like to see legislation in the future that ties executive salaries to the wages of their lowest paid employees. The ratio was about 20:1 in the 60s. It's ballooned to about 320:1 today. The greed is out of hand.

Ok, define living wage. Does it include a car? 2 cars? Cell phones and $250 cable bill? What’s considered "living"

Being able to pay rent, utilities, food and transportation with one income. For example, my friend who makes $11 an hour at age 50, has to share a house, split the bills, and can barely afford to cover all her bills.

$11 an hour is $22k a year. You can live fine in many places on $22k a year. Not in luxury, but not in squalor either.

[Anonymous]

$15 minimum wage will not affect you at all, unless you are a small businessperson.

The .01 cent increase in the size of Big Macs is non-relevant, and you should probably stop eating all those Big Macs anyways.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If you can’t afford to pay your employees a living wage, your company is not profitable and your business is ALREADY a failure.

+1 million

If your business model depends on your workers living in poverty, you should fail. We need healthy businesses for our economy and our country to actually flourish.

I would also like to see legislation in the future that ties executive salaries to the wages of their lowest paid employees. The ratio was about 20:1 in the 60s. It's ballooned to about 320:1 today. The greed is out of hand.

Ok, define living wage. Does it include a car? 2 cars? Cell phones and $250 cable bill? What’s considered "living"

Being able to pay rent, utilities, food and transportation with one income. For example, my friend who makes $11 an hour at age 50, has to share a house, split the bills, and can barely afford to cover all her bills.

Having to share a house is not ideal but it is not the end of the world. Think about how most of the world lives. Americans just think they are entitled to a certain lifestyle and that goes way beyond clean water, basic housing, and decent food.

[Anonymous]

Anonymous wrote:$15 minimum wage will not affect you at all, unless you are a small businessperson.

The .01 cent increase in the size of Big Macs is non-relevant, and you should probably stop eating all those Big Macs anyways.

True in the DMV. In WV it will put people out of work.

[Anonymous]

Anonymous wrote:

Anonymous wrote:$15 minimum wage will not affect you at all, unless you are a small businessperson.

The .01 cent increase in the size of Big Macs is non-relevant, and you should probably stop eating all those Big Macs anyways.

True in the DMV. In WV it will put people out of work.

You say this, but I’m not sure. If more people in WV made 15 bucks an hour working at Walmart, more businesses would have more customers. It’s really just super simplistic to think about this as only having a negative impact because it changes the bottom line of certain businesses.

[Anonymous]

22k a year covers rent and food, sure. health care, Transportation? No. And if you’ve got any kids, forget about it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If you can’t afford to pay your employees a living wage, your company is not profitable and your business is ALREADY a failure.

+1 million

If your business model depends on your workers living in poverty, you should fail. We need healthy businesses for our economy and our country to actually flourish.

I would also like to see legislation in the future that ties executive salaries to the wages of their lowest paid employees. The ratio was about 20:1 in the 60s. It's ballooned to about 320:1 today. The greed is out of hand.

Ok, define living wage. Does it include a car? 2 cars? Cell phones and $250 cable bill? What’s considered "living"

Are you saying that you think America is the kind of nation where a person who works a full time job cannot afford a small efficiency apartment? This is the greatest nation on earth? This is your high goal for our country?

Being able to pay rent, utilities, food and transportation with one income. For example, my friend who makes $11 an hour at age 50, has to share a house, split the bills, and can barely afford to cover all her bills.

Having to share a house is not ideal but it is not the end of the world. Think about how most of the world lives. Americans just think they are entitled to a certain lifestyle and that goes way beyond clean water, basic housing, and decent food.

[Anonymous]

Anonymous wrote:22k a year covers rent and food, sure. health care, Transportation? No. And if you’ve got any kids, forget about it.

You don’t need a new car, plenty of cheap cars available. Minimum wage is not supposed to be enough to raise a family, it’s minimum pay, for minimum skills.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If you can’t afford to pay your employees a living wage, your company is not profitable and your business is ALREADY a failure.

+1 million

If your business model depends on your workers living in poverty, you should fail. We need healthy businesses for our economy and our country to actually flourish.

I would also like to see legislation in the future that ties executive salaries to the wages of their lowest paid employees. The ratio was about 20:1 in the 60s. It's ballooned to about 320:1 today. The greed is out of hand.

Ok, define living wage. Does it include a car? 2 cars? Cell phones and $250 cable bill? What’s considered "living"

Being able to pay rent, utilities, food and transportation with one income. For example, my friend who makes $11 an hour at age 50, has to share a house, split the bills, and can barely afford to cover all her bills.

Having to share a house is not ideal but it is not the end of the world. Think about how most of the world lives. Americans just think they are entitled to a certain lifestyle and that goes way beyond clean water, basic housing, and decent food.

Are you saying that you think America is the kind of nation where a person who works a full time job cannot afford a small efficiency apartment? This is the greatest nation on earth? This is your high goal for our country?

[Anonymous]

And really, do we actually live in a country where it doesn’t matter what standard of living a worker can afford on a full time salary, as long as every business can do what it wants? I mean what’s the floor? What does minimum wage get you today? Not enough by past standards. It’s time to move it up.

[Anonymous]

Anonymous wrote:

Anonymous wrote:22k a year covers rent and food, sure. health care, Transportation? No. And if you’ve got any kids, forget about it.

You don’t need a new car, plenty of cheap cars available. Minimum wage is not supposed to be enough to raise a family, it’s minimum pay, for minimum skills.

I was talking about gas. And minimum wage is what some people are forced to raise their families on. They don’t qualify for other work. So what? Their kids should not be fed or clothed? Because I guarantee you want to cut SNAP and child benefits on top of keeping people in below-poverty wages. And I’m am absolutely sure you don’t believe in access to birth control or abortion.