Conservative Political Forum

General Category => Financial => Topic started by: joesixpack on November 06, 2020, 10:16:01 AM

Title: Florida voters approve $15 minimum wage
Post by: joesixpack on November 06, 2020, 10:16:01 AM
 :thumbup:

60% majority passed a Constitutional Amendment.

Initially I was against the idea, but after some consideration I decided to vote for the Amendment.

Title: Re: Florida voters approve $15 minimum wage
Post by: joesixpack on November 06, 2020, 11:34:18 AM
Florida on Tuesday became the latest state to commit to raising its minimum wage to $15 per hour, one of several states that has done so throughout recent years.

Voters in Florida approved a measure that will raise the starting rate for workers in the Sunshine State to $15 per hour by 2026.

The measure, known as Amendment 2, will raise the minimum rate to $10 per hour on Sept. 30, 2021. In the years that follow, there will be annual $1 increases until $15 per hour is reached.

https://www.foxbusiness.com/politics/states-15-minimum-wage-increase
Title: Re: Florida voters approve $15 minimum wage
Post by: Bronx on November 06, 2020, 02:27:04 PM
Joe have you ever created a job.....?
Title: Re: Florida voters approve $15 minimum wage
Post by: walkstall on November 06, 2020, 03:20:53 PM
Quote from: Bronx on November 06, 2020, 02:27:04 PM
Joe have you ever created a job.....?

Well his trolling will go from $10 to $15 an hr. over time. 
Title: Re: Florida voters approve $15 minimum wage
Post by: joesixpack on November 06, 2020, 03:24:37 PM
Quote from: Bronx on November 06, 2020, 02:27:04 PM
Joe have you ever created a job.....?

Only by consumption. Why do you ask? Sounds like you're about to disagree with 60% of Florida voters right now...
Title: Re: Florida voters approve $15 minimum wage
Post by: Pop Daddy on November 06, 2020, 04:42:12 PM
Right off the bat I can tell you have been the owner of a business with employees Joe6.  A big corporation can pass through the raise in pay.  Not always the case with a Mom & Pop operation.  Overhead and margins.  A good example is McDonalds.  The guy working slapping their burgers together is not worth $15 bucks an hour.  In reality that $15 is really $30 to the employer after taxes and other fees.  How much can McD's charge for a cheap piece of shit hamburger?  Due to volume of business McD can probably foot the bill.

There are not many small businesses that pass on or absorb a near 100% increase in raw wages.  This will lead to fewer workers and mainly part time jobs to avoid any mandated insurance for full time employees.

This feel good shit doesn't work in the real world.  High school kids are the ones who should be working minimum wage, not an adult.  The market should determine the wage, not the nanny state.  A good worker can demand his wage, the nanny state forcing an employer to pay a lazy no ambition piece of shit $15 bucks an hour will not work.

A report from the Congressional Budget Office on Monday determined that a minimum wage hike to $15 an hour by 2025 could put up to 3.7 million Americans out of work.  The study did not say how many businesses would close by the increase in overhead.
Title: Re: Florida voters approve $15 minimum wage
Post by: joesixpack on November 06, 2020, 04:57:30 PM
Quote from: Pop Daddy on November 06, 2020, 04:42:12 PM
Right off the bat I can tell you have been the owner of a business with employees Joe6.  A big corporation can pass through the raise in pay.  Not always the case with a Mom & Pop operation.  Overhead and margins.  A good example is McDonalds.  The guy working slapping their burgers together is not worth $15 bucks an hour.  In reality that $15 is really $30 to the employer after taxes and other fees.  How much can McD's charge for a cheap piece of shit hamburger?  Due to volume of business McD can probably foot the bill.

There are not many small businesses that pass on or absorb a near 100% increase in raw wages.  This will lead to fewer workers and mainly part time jobs to avoid any mandated insurance for full time employees.

This feel good shit doesn't work in the real world.  High school kids are the ones who should be working minimum wage, not an adult.  The market should determine the wage, not the nanny state.  A good worker can demand his wage, the nanny state forcing an employer to pay a lazy no ambition piece of shit $15 bucks an hour will not work.

A report from the Congressional Budget Office on Monday determined that a minimum wage hike to $15 an hour by 2025 could put up to 3.7 million Americans out of work.  The study did not say how many businesses would close by the increase in overhead.

There is a two-
thirds chance that the change in employment would be between about zero
and a decrease of 3.7 million workers.


I actually looked at that same study before I made my decision.

It could just as easily be 0 jobs loss.

Additionally, what convinced me was the fact that I was OK with minimum wage in Florida being increased to $12ish right now.

When adjusting for inflation and CoL it comes out to about $15 in 2025
Title: Re: Florida voters approve $15 minimum wage
Post by: ConservativeInCT on November 06, 2020, 06:57:13 PM
Quote from: joesixpack on November 06, 2020, 04:57:30 PM
There is a two-
thirds chance that the change in employment would be between about zero
and a decrease of 3.7 million workers.


I actually looked at that same study before I made my decision.

It could just as easily be 0 jobs loss.

Additionally, what convinced me was the fact that I was OK with minimum wage in Florida being increased to $12ish right now.

When adjusting for inflation and CoL it comes out to about $15 in 2025

Correct me if I'm wrong, but if you've adjusted for inflation by 2025 with the minimum wage being 15 dollars, wouldnt the inflation increase just make that 15 dollar minimum wage the monetary equivalent to the current minimum wage you are so opposed to?

This has always been my issue with the increases in the minimum wage. It will just continuously be increased due to the fact that the cost of living prices and the cost of goods will just continue to rise as the market adjusts for the increase in the wage. You'll be fighting this battle forever.
Title: Re: Florida voters approve $15 minimum wage
Post by: joesixpack on November 07, 2020, 06:17:44 AM
Quote from: ConservativeInCT on November 06, 2020, 06:57:13 PM
Correct me if I'm wrong, but if you've adjusted for inflation by 2025 with the minimum wage being 15 dollars, wouldnt the inflation increase just make that 15 dollar minimum wage the monetary equivalent to the current minimum wage you are so opposed to?

This has always been my issue with the increases in the minimum wage. It will just continuously be increased due to the fact that the cost of living prices and the cost of goods will just continue to rise as the market adjusts for the increase in the wage. You'll be fighting this battle forever.

No, sir.

The current minimum wage that I'm opposed to is the $8ish that we pay now.

I'm of the thought that the minimum wage in FL should currently be around $12.xx

The reason that I didn't immediately support the Amendment was because I thought that an abrupt jump to $15 was way too high and way too fast.

Upon further consideration, I supported the Amendment because it is over a 5-6 year period. So not way too fast.

And because I already wish the minimum being $12 today, that would be around $15 in 2025.
Title: Re: Florida voters approve $15 minimum wage
Post by: ConservativeInCT on November 07, 2020, 06:46:54 AM
Quote from: joesixpack on November 07, 2020, 06:17:44 AM
No, sir.

The current minimum wage that I'm opposed to is the $8ish that we pay now.

I'm of the thought that the minimum wage in FL should currently be around $12.xx

The reason that I didn't immediately support the Amendment was because I thought that an abrupt jump to $15 was way too high and way too fast.

Upon further consideration, I supported the Amendment because it is over a 5-6 year period. So not way too fast.

And because I already wish the minimum being $12 today, that would be around $15 in 2025.

So you wouldn't agree that increasing the minimum wage would lead to increases in prices for consumers, higher operating costs for businesses, thus leading to jobs loss and a higher cost of living? I live in Connecticut, where we have been on track to increase the minimum wage for the last four years or so I think. If I'm correct it was passed by our last administration (Malloy). Connecticut has some of the highest costs of living in the country. I personally know of businesses in my local area that have had to lay off workers (Pre-Covid) as a result of the increases in these wages, citing that the total cost of retaining employees due to the increase in the minimum wage is simply to much of a burden for small businesses to sustain. Especially now with the economic situation we find ourselves in, I don't find it right to increase the minimum wage even over a five year period, especially since the economy is so volatile.
Title: Re: Florida voters approve $15 minimum wage
Post by: Possum on November 08, 2020, 05:40:13 AM
Quote from: joesixpack on November 06, 2020, 11:34:18 AM
Florida on Tuesday became the latest state to commit to raising its minimum wage to $15 per hour, one of several states that has done so throughout recent years.

Voters in Florida approved a measure that will raise the starting rate for workers in the Sunshine State to $15 per hour by 2026.

The measure, known as Amendment 2, will raise the minimum rate to $10 per hour on Sept. 30, 2021. In the years that follow, there will be annual $1 increases until $15 per hour is reached.

https://www.foxbusiness.com/politics/states-15-minimum-wage-increase
Were there not any $15 an hour jobs in Florida before this amendment passed?
Title: Re: Florida voters approve $15 minimum wage
Post by: Sick Of Silence on November 08, 2020, 10:26:29 AM
Quote from: Possum on November 08, 2020, 05:40:13 AM
Were there not any $15 an hour jobs in Florida before this amendment passed?

The ones where they deserved $15 an hour for the type of work they did.
Title: Re: Florida voters approve $15 minimum wage
Post by: Sick Of Silence on November 08, 2020, 10:26:45 AM
To the lefties on this forum (especially joe): do you think that what you are being paid is the problem, or the cost of living is the problem?
Title: Re: Florida voters approve $15 minimum wage
Post by: joesixpack on November 08, 2020, 10:55:29 AM
Quote from: Sick Of Silence on November 08, 2020, 10:26:45 AM
To the lefties on this forum (especially joe): do you think that what you are being paid is the problem, or the cost of living is the problem?

I wouldn't say "problem", I'd say factor.

The minimum wage doesn't have to go up for the Cost of Living to increase.

I'd ask, why was the "minimum wage" introduced in the first place? And have we resolved the issues that led to its implementation?
Title: Re: Florida voters approve $15 minimum wage
Post by: Sick Of Silence on November 08, 2020, 11:24:19 AM
Problem is government. Governments don't fix problems, they create them.

Wasn't the minimum wage created for a specific problem a century ago?
Title: Re: Florida voters approve $15 minimum wage
Post by: joesixpack on November 08, 2020, 11:29:07 AM
Quote from: Sick Of Silence on November 08, 2020, 11:24:19 AM
Problem is government. Governments don't fix problems, they create them.

Wasn't the minimum wage created for a specific problem a century ago?

I just asked the same question, kind of  :thumbsup:
Title: Re: Florida voters approve $15 minimum wage
Post by: Sick Of Silence on November 08, 2020, 11:52:58 AM
Quote from: joesixpack on November 08, 2020, 11:29:07 AM
I just asked the same question, kind of  :thumbsup:

I said a specific problem. Can you tell us that problem? How did it expand to a catch all?
Title: Re: Florida voters approve $15 minimum wage
Post by: joesixpack on November 08, 2020, 11:54:41 AM
Quote from: Sick Of Silence on November 08, 2020, 11:52:58 AM
I said a specific problem. Can you tell us that problem? How did it expand to a catch all?

I asked the same question...except I didn't call it a "problem"
Title: Re: Florida voters approve $15 minimum wage
Post by: Sick Of Silence on November 08, 2020, 12:30:30 PM
Quote from: joesixpack on November 08, 2020, 11:54:41 AM
I asked the same question...except I didn't call it a "problem"

Minimum wage started in the late 19th century where women and children working in sweatshops. Century and a half later, are people still being underpaid in sweatshops in America?
Title: Re: Florida voters approve $15 minimum wage
Post by: joesixpack on November 08, 2020, 12:35:46 PM
Quote from: Sick Of Silence on November 08, 2020, 12:30:30 PM
Minimum wage started in the late 19th century where women and children working in sweatshops. Century and a half later, are people still being underpaid in sweatshops in America?

So you're saying minimum wage was started to end child labor?

Provide a source please. I want to read the whole context
Title: Re: Florida voters approve $15 minimum wage
Post by: Sick Of Silence on November 08, 2020, 01:19:42 PM
I shouldn't use the word "child". Young people would be a better word in this case. Regardless of who is working, the focus is on the sweatshop conditions. Do we still have sweatshop conditions in America?
Title: Re: Florida voters approve $15 minimum wage
Post by: joesixpack on November 08, 2020, 01:25:54 PM
Quote from: Sick Of Silence on November 08, 2020, 01:19:42 PM
I shouldn't use the word "child". Young people would be a better word in this case. Regardless of who is working, the focus is on the sweatshop conditions. Do we still have sweatshop conditions in America?

Please provide the source you used to find out why we have a minimum wage.

We have to start from the same point of reference or we'll be talking in circles and never agree on anything.
Title: Re: Florida voters approve $15 minimum wage
Post by: ConservativeInCT on November 08, 2020, 04:05:40 PM
Quote from: Sick Of Silence on November 08, 2020, 11:24:19 AM
Problem is government. Governments don't fix problems, they create them.

Wasn't the minimum wage created for a specific problem a century ago?

Couldn't agree more