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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Less than 2 percent of hourly workers in the U.S. are paid the $7.25 minimum wage or less. Most employers, even most retail, food, and service businesses, already know they have to pay more than the current minimum wage to recruit and retain good workers. Businesses that insist on paying the minimum wage complain that they have high employee turnover and spend a lot of their time hiring and training new employees, but they are too stupid and/or too cheap to pay a little more to keep their productive workers.

The main effect of the minimum wage increase would be for those currently making $10 to $15 per hour. That is a much larger segment of wage earners than the minimum wage workers. The $10 to $15 group is full of women who are underpaid for the quality and responsibility of the work they perform. [/quote]

You need to get your logic straight, do businesses know or not that they have to pay good enough wages to recruit and retain good workers? How can they know this at the minimum wage level, but all of a sudden lose their logic in the $10-$15 level? I mean, when you go out looking for wine, are you suddenly unwilling to pay a fair price for a $15 bottle while you were perfectly willing to pay for a $9 bottle? How does that logic work in your mind? [/quote]

Employers know they need to pay more the $7.25 to get and keep good workers because there are other employers who will pay up to $10/hr for reliable and productive workers. But the $10/hr employers know that they don't have to pay much higher than $12/hr even as their employees become more productive and take on more responsibility, because the labor market as a whole undervalues and underpays service workers.

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Huh? So there are no other employers who aren't willing to pay higher than $12/hr? So if we are to look at the salary distribution chart, there is a gap between $12 and $15 where no/few employers are paying employees that salary?  :lol:  :roll: [/quote]

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