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Old 02-10-2015, 04:47 PM
 
Location: New Orleans, LA
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Wages have been stagnant for years among those in the bottom 75%. As a way to stimulate the economy and raise wages, what if governments everywhere enacted laws so that to be eligible for government contracts - you must pay "x" wage?
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Old 02-10-2015, 04:53 PM
 
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Quote:
Originally Posted by Mwahfromtheheart View Post
Wages have been stagnant for years among those in the bottom 75%. As a way to stimulate the economy and raise wages, what if governments everywhere enacted laws so that to be eligible for government contracts - you must pay "x" wage?
Many do actually. Least back when I was involved in that sort of business in the early 90's before I went software engineering.
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Old 02-10-2015, 04:56 PM
 
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Quote:
Originally Posted by Mwahfromtheheart View Post
Wages have been stagnant for years among those in the bottom 75%. As a way to stimulate the economy and raise wages, what if governments everywhere enacted laws so that to be eligible for government contracts - you must pay "x" wage?
Obama said $10 an hr world wide as the minimum.
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Old 02-10-2015, 04:59 PM
 
Location: New Orleans, LA
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Originally Posted by greywar View Post
Many do actually. Least back when I was involved in that sort of business in the early 90's before I went software engineering.
I wonder how far out that extends beyond IT? If the federal government struck a contract with all of the fast food companies of some kind to cater lunches around the country.
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Old 02-10-2015, 05:24 PM
 
Location: it depends
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What if? The taxpayers would get screwed again.

What if you had to pay double the cost of groceries to stimulate your local grocery market?
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Old 02-10-2015, 05:31 PM
 
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Originally Posted by marcopolo View Post
What if? The taxpayers would get screwed again.

What if you had to pay double the cost of groceries to stimulate your local grocery market?
The old prices will go up more than the minimum wage does, bull fertilizer.

If the cost of labor is 50% of the cost of doing business then prices only need to go up 50% to cover a 100% increase in the wages of the workers. So prices are 50% higher but the workers have 100% more money. So why isn't everyone clamoring for higher minimum wages?
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Old 02-10-2015, 06:12 PM
 
11,617 posts, read 5,905,387 times
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Originally Posted by Mwahfromtheheart View Post
Wages have been stagnant for years among those in the bottom 75%. As a way to stimulate the economy and raise wages, what if governments everywhere enacted laws so that to be eligible for government contracts - you must pay "x" wage?
They do.

There's the Service Contract Act of 1965; and there's the Davis-Bacon Act.
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Old 02-10-2015, 07:16 PM
 
26,302 posts, read 12,782,834 times
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Originally Posted by Mwahfromtheheart View Post
I wonder how far out that extends beyond IT? If the federal government struck a contract with all of the fast food companies of some kind to cater lunches around the country.
That was construction back then. I was a sales and office manager for a subcontractor on government projects.
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Old 02-10-2015, 07:20 PM
 
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Shouldn't the government be in the business of looking for the best value for our dollar?
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Old 02-10-2015, 07:34 PM
 
Location: East of Seattle since 1992, originally from SF Bay Area
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The prevailing wage laws are usually state, not federal. Here, for example, any government contracts (city, state, county) require that all employees are paid the "prevailing wage" as determined by a survey done twice a year which includes union workers. Contractors paying lower wages or that are non-union have to pay their people more if they get the contract and the state does enforce it. Like most governments, it's not about saving the taxpayers money, but rather trying to keep the citizens dependent upon them.
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