#neverliberal #nevermarxist
As cities across the country pushed their minimum wages to untested heights in recent years, some economists began to ask: How high is too high?Seattle, with its highest-in-the-country minimum wage,1 may have hit that limit.In January 2016, Seattle’s minimum wage jumped from $11 an hour to $13 for large employers, the second big increase in less than a year. New research released Monday by a team of economists at the University of Washington suggests the wage hike may have come at a significant cost: The increase led to steep declines in employment for low-wage workers, and a drop in hours for those who kept their jobs. Crucially, the negative impact of lost jobs and hours more than offset the benefits of higher wages — on average, low-wage workers earned $125 per month less because of the higher wage, a small but significant decline.“The goal of this policy was to deliver higher incomes to people who were struggling to make ends meet in the city,” said Jacob Vigdor, a University of Washington economist who was one of the study’s authors. “You’ve got to watch out because at some point you run the risk of harming the people you set out to help.”
It's not that they were not told what would happy. Why should I pay 15$ for a hamburger and fries when I am out when I can get it for 7$. Or just go home and make my own and have it my way.
Every minimum wage increase seems to remove opportunities for unskilled kids looking for a summer job.Mandating healthcare coverage limited employees to <32hrs for the work week.If people want to work for $5 an hour, just let them. Minimum wages, IMO, reek of Socialism and the quick easy path to Communism.What happened to the saying, "You're paid what you're worth!" If you want to make more, present your case to the boss, and he/she can make that determination - don't like it move on. When the boss knows they have a GOOD employee, they'll try to KEEP THEM employed, and possibly cut loose or layoff the ones worth less.Another one: Who said you can't fire someone without "just cause"? What's "just cause"....? You were picketing outside my store, demanding higher wages, it HURT my business, you're fired!
Now Mark Zuckerberg is advocating a minimum guaranteed income for everyone. What a deal - free $$$$.
Hmm... Who is going to work? Someone will need to take out the garbage.
How dare you ask a probing question to a liberal.
Great exchange and to the point, 'if you don't have a job, minimum wage doesn't matter'.For reference, here's a list of countries minimum wage / minimum wage laws.https://en.wikipedia.org/wiki/List_of_minimum_wages_by_countryOr .... what does the average person make in a month in US Dollars?https://en.wikipedia.org/wiki/List_of_countries_by_average_wageCountry Monthly average wage Switzerland $7,396 Luxembourg $5,583 Norway $5,418 Denmark $5,310 United States $4,893 Australia $4,700 Ireland $4,379 Netherlands $4,289 Canada $4,134 Belgium $3,963 Sweden $3,849 Finland $3,781 Austria $3,761 Germany $3,478 United Kingdom $3,461 France $3,374 Italy $2,671 Spain $2,541 Israel $2,405 Slovenia $2,052 Greece $1,631 Portugal $1,513 Slovakia $1,138 Czech Republic $1,065 Hungary $1,067 Poland $1,021 Romania $919 Lithuania $914 Bosnia & Herzegovina $731 Bulgaria $627 Belarus $422 Armenia $386 Albania $379Ok, to retire with a fulltime Maid, Cook & Servant.... I'd hire them from Albania!!! Honestly, minimum wage is meaningless without knowing the cost of living. I've spent more in gassing up 2 cars than some of those people make in a month. It wasn't too long ago filling my truck's tank was >$75, and that was 2-3 times a week.Raising the minimum wage is ultimately increasing the cost of living, which is another way to siphon money away from the retired folks trying to exist on a meager income. Ultimately raising the minimum wage is akin to spurring inflation.