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Min wage works fine for high school kids or even college kids living at home.
I saw a clip on the news when there were the "Fight for $15" protests in L.A
This lady said that she had 5 kids and gets paid minimum wage..
She said if she made $15 she'd be able to pay all her bills and not be on welfare.
It seems like people should consider what type of income they need to support kids. Even one kid is going to increase your expenses. I just don't get people having multiple kids thinking they can do it on min wage with no college degree.
CA has the highest poverty rate when you take cost of living into account. It also gives out way more than it's share of welfare.
It seems there should be something done to disincentive this bad behavior...but I guess it's not politically correct to tell people to stop having kids they can't afford...
If she moved to another state she'd be a lot better off than she would be in L.A. For that matter there are parts of California she could move to and her money would go farther
If she moved to another state she'd be a lot better off than she would be in L.A. For that matter there are parts of California she could move to and her money would go farther
Yeah..I always wonder if people like that even do any research on housing prices and stuff in other places.
They make it seem like L.A is the only place in the world they can exist and get a min wage job..
Just a thought... would higher property taxes play a role at all?
Say you owned an apartment complex and your property taxes were killer. In order to profit you have to raise the rent.
Then ask. Why are the property taxes so high?
Where is the money going and how do we lower the expense?
Can something be cut?
In California property taxes stay relatively low because of Prop 13.
Cost of everything goes up over time though which is why landlords have to raise rent .
Min wage increase will put more pressure . The gardener will be asking more , the handyman , etc all the people a landlord needs to pay to maintain their buildings .
In L.A at least most apartment buildings are under rent control and can only be raised a tiny amount per year
I still don't understand why 4-5% of the US population gets this much consideration when it comes to wages. The minimum wage is not designed to be a living wage – and the fact that people don't understand this basic principle shows the level of stupidity that exist. If anyone advocating for a higher minimum wage would HAVE actually taken an econ course in high school or college, they would understand that with a rise in wages also means a rise in prices – inflation: one of the most basic principles of macro economics. Specifically, rises in wages of a minimum wage earners will only negatively effect everyone else who now has to pay more for goods and services.
Your econ course didn't cover the multiplier effect?
Simple math. Higher waged population, higher spending power population. You see it as a expense, others see it as a stimulous.
Higher wages, higher cost of living. It ends up a wash but it makes liberals feel like they are doing something nice for lower wage workers. On top of that retired people on a fixed income and renting get pushed out of the area or have to cut back on necessities. And businesses like the one in this story will have to move to another state or close their doors.
There is another thread here about places where someone can live on minimum wage and it will never be Los Angeles even when it goes to $15 per hour. Its in places with much lower minimum wages.
Simple math. Higher waged population, higher spending power population. You see it as a expense, others see it as a stimulous.
Funny how your 'simple math' doesn't stretch to where the funds to pay those higher wages has to come from. You can't pay someone $15 / hour if their job is only worth $7 / hour to the business. Government forced higher wages = higher costs = higher prices = no increase in spending power.
Min wage works fine for high school kids or even college kids living at home.
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