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

Forum Index » Political Discussion

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

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]higher minimum wage = more automation displacing workers and fewer jobs for young people entering the workforce...

Argue as you might that those outcomes are fantasy but this is the truth.

When I was a kid I got my first W2 job at 15 when minimum wage was $2.25. The company had a policy to limit hours to 28 hours per week to avoid paying benefits from what I understood.
My kid just turned 16 and has been having trouble finding a job because many place will only hire people over 18 years old now. I stopped by my old job from high school the other day to ask if they are hiring and was told they still limit hours to 28 per week and will only hire if over 18 with at least a high school degree. The $15 minimum wage will simply lead to more selective hiring which will make the completion for the comparatively fewer entry level jobs more stiff.

[/quote]

You do realize that your $2.25 minimum wage back in the 1970s was equivalent to $20-something in 2018, right?

[img]https://www.pewresearch.org/wp-content/uploads/2018/08/FT_18.07.26_hourlyWage_adjusted.png[/img]
[/quote]

My highschool job was in the late 80s. don't think it had an equivalent $20 purchase power. As I recall my go-to snack on my 15 minute break was a 50cent coke and 55cent snickers bar. Thats $1.05 which was 30 about 30 minutes of labor. A coke and snickers bar do NOT cost $10 today. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics