I’m gonna laugh my ass off if this this how fast food responds to $15/hr:
Hires a large amount of employees and has them work only 5-7 hours a week.
Boy, wouldn’t that suck haha
Or just replace them altogether with machines and computers. That and $10 cheeseburgers.
Recent New York Times opinion articles by Arindrajit Dube and Paul Krugman suggest that raising the minimum wage will have no effects on employment.
University of California (Irvine) professors David Neumark and J.M. Ian Salas and Federal Reserve Board of Governors economist William Wascher show that raising the minimum wage will result in fewer jobs for teens and low-skill workers. Their recent working paper,Revisiting the Minimum Wage-Employment Debate: Throwing Out the Baby with the Bathwater, was released by the National Bureau of Economic Research this year. They conclude that “the research record still shows that minimum wages pose a tradeoff of higher wages for some against job losses for others, and that policymakers need to bear this tradeoff in mind when making decisions about increasing the minimum wage.”
This debate shows the problems of statistical analysis when interpreting complex economic situations. Since fewer than 3 percent of American workers are paid the minimum wage or below, teasing out effects on the aggregate economy is complex—many are unseen.
Nevertheless, evidence is clear that teens and low-skill workers are disproportionately affected by increases in the minimum wage (see Neumark’s review of minimum wage literature). When minimum wage is increased, workers whose skills are below the new level are pushed out of or blocked from entering the workforce. Young people (half of those earning the minimum wage) who are looking to gain experience are put at a disadvantage. In earlier work, Neumark has shown that higher minimum wages particularly affect African American teens, whose unemployment rate is now 36 percent.
Most who want a higher minimum wage argue in support of increasing the federal, not state or local, minimum wage. Twenty-one states and the District of Columbia have a rate above the federal level. The commonly proposed federal rate of $10.10 is above Washington State’s level of $9.19 an hour—the highest in the nation. Labor market conditions and cost of living differ throughout the country, as is shown by how difficult it is to statistically measure the real effects of minimum wage increases.
Pretending that increasing the rate would have no negative effects on inexperienced and low-skill workers is misleading and unrealistic. If minimum wages had no effect, why stop at $10.10? Why not $20.20, or $30.30? The answer, of course, is that many people would not be employed—just as some will not be employed with an increase in the wage to $10.10. As is the case with many well-intentioned policies, the losers of higher minimum wage laws are those who are young or low-skilled.
Organizers expect fast-food workers throughout the US to walk off the job on Thursday in a show of solidarity against what they allege are immoral industry practices, and as part of the movement lobbying for a $15 federal minimum wage.
At least 100 cities are scheduled to participate in the demonstration, but one of the central locations will almost certainly be New York City. An estimated 57,000 fast food employees work in the Big Apple, where the median industry wage amounts to $8.89 an hour, a number Allison Kilkenny of The Nation writes is the lowest of any job in the city.
Such demonstrations began occurring at a steady pace in New York last year and the movement has since spread through the country. At strikes this past August in 60 cities, including Washington DC, workers have called for the minimum wage to be raised, as well as the right to unionize and for the ability to work without fear of retaliation.
Get ready for higher prices, less hours AND more machines doing work normally done by people. If they get their way, this will be disastrous.
Labor is just a product… make it more expensive and we’ll find a way to do without it.
I already hate the self checkout lanes at Wal-Mart, I’m going to really hate it when nearly everyplace is like that.
People need to realize that there is a very big consequence to messing with markets like this.
Anonymous asked: Why don't we raise the minimum wage to like $15 an hour? I mean its not like cost of living will skyrocket or that workers will have less hours and small business owners can only hire a few part time workers...I mean fuck common sense am I right?
Not sure if you’re being sarcastic or serious. lol
If we raise the minimum wage, employers will hire less people, raise costs for consumers and not innovate due to costs. What a person gets paid for a job needs to be based on the job at hand, the skills of the employee and the deal he/she makes with the employer… not the government.
Do you know what mobile device I had to communicate with the world when I was 18? A quarter. I always had a couple in my pocket when I was on the road just in case I had to make a phone call on my way to my job that paid $7 an hour.
Unless you are walking a couple miles to the nearest public library to login to the internet, don’t argue with me online about earning a living wage. Your argument is invalid from the start.
This is some strange assumption that not only demonstrates ignorance of what people own and don’t, but also of the cost, maintainability, and availability of extra funds to own such a device because comparatively.. depending on the model a “smart phone” is not this unrealistic device that is just totally excluded to poor people, pardon our wants. Same goes with “walking to the nearest public library to log in” it is implied that anyone who wishes for fair wages is this sort of stereotype of poverty and that everyone’s situation fits within a box, or that people who live comfortably on a certain wage are unable to feel for others who do not. This argument is horseshit
Did it ever occur to the OP that sometimes people unexpectedly LOSE their good paying jobs AFTER buying a smart phone?
There are a lot of different circumstances poor people find themselves in. In my case, I only have a laptop because a friend gave me her old one for free. I only have internet because my partner works from home in his tech support job, and he needs to be able to remote in to other computers across the country..
I do have a smartphone. I only have it because it was a birthday gift from my partner when he was working a job that paid 5 dollars more an hour. We have a really low-cost plan we share because he’s been a customer for ten years now. He got me a phone because I have seizures and he was working 45 minutes away at the time, and he got me a smartphone because it was pretty cheap when he just added me to the contract and he was being nice.
That’s the problem with these kinds of arguments. You don’t actually know somebody’s circumstances. You have no idea where or how they got what little luxuries they do have, and you don’t get to be the arbiter of what other people need.
Plus pre-paid smartphones aren’t even that expensive now. Maybe 40 bucks to get one, and you put a twenty or thirty dollar prepay on it and you can definitely use it for the month or more. Not really an exorbitant expense.
Why do leftists always play the sympathy card by telling their entire life story? Like that advances their argument a single bit.
Let’s just stick to what we do know; not what the “circumstances” may be. If I’m reading this, you are “living” quite fine. You have a free cellphone, a free laptop, and free internet. By most accounts, you are luckier than a good percentage of the population who have to pay for all those with their hard-earned money. Why do you believe you or anyone else needs a “living wage” (whatever that arbitrary amount is) above and beyond minimum wage? You claim cellphones are cheap and so are prepaid cards. Would you consider that disposable income you used to purchase them with? Just curious, because if minimum wage isn’t enough to live off of, then you should have zero disposable income…correct? Because we don’t need cellphones to survive, right? At least the last time I checked Apple phones weren’t actually made out of apples.
Democrat Senator Elizabeth Warren during a hearing of the Senate Committee on Health, Education, Labor and Pensions last week asked why the current federal minimum wage rate is only $7.25 and not $22 an hour.
“If we started in 1960, and we said that, as productivity goes up — that is, as workers are producing more — then the minimum wage is going to go up the same,” the Massachusetts senator said during the hearing.
“And, if that were the case, the minimum wage today would be about $22 an hour. So, my question … is what happened to the other $14.75?” she asked University of Massachusetts professor of economics Arindrajit Dube
First she fakes being Native American and now she’s faking being an economist? She fails on both fronts.
Massachusetts, you elected a moron.
7 SMALL BUSINESSES TELL US HOW OBAMA’S CALL FOR AN INCREASE IN MINIMUM WAGE WOULD AFFECT THEM: ‘BAD, BAD, BAD’
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