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Old 01-05-2019, 02:11 PM
 
1,967 posts, read 1,306,547 times
Reputation: 586

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Quote:
Originally Posted by Redraven View Post
Nearly every state has a minimum wage that exceeds the Federal minimum wage.
Several states have a minimum wage of $15 per hour, or will achieve that level within a few years.
The current Federal Minimum Wage is, IIRC, $7.25 per hour. If that was doubled, the $14.50 per hour would still be less than some states.
What level do some of you believe the Federal Wage should be set at? $17 per hour? $20 per hour? The same level as the highest State Minimum Wage?
I can't imagine why you think that the wages in Two Dot, Montana should be the same as the wages in Seattle, New York City, Washington D.C., or any other large metropolitan area.
RedRaven, I'm a proponent of the minimum wage rate being increaased 12% per year until it accquires no less that 125% of February 1968's purchasing power. It should thereafter be annually monitored and pegged, as Social security retirement benefits are now pegged to the Consumer Price Index.

I'm also a proponent of the trade proposal explained in Wikipedia’s “Import Certificates” article. Trade deficits are always net detrimental to their nation's GDP and drag upon their numbers of jobs.
Quote:
Originally Posted by Supposn View Post
Regarding international trade, refer to Wikipedia’s “Import Certificates” article
or to
http://www.city-data.com/forum/econo...etitive-6.html

Regarding commerce between jurisdictions within the United States:
Opponents of the federal minimum rate laws, (i.e. Fair Labor Standards Act) argue due to the differences between states’ economies, the federal minimum wage rate is a hardship upon states where lesser prices prevail.
Proponents of the laws argue due to those differences, an insufficient federal minimum wage rate is a hardship upon states where all but the lowest prices prevail and economies of the entire United States suffer due to the extent that our federal minimum wage rate is greatly insufficient.

Regarding States’ enacted higher minimum rates within their own jurisdictions, the effectiveness and sustainability of their states’ rates are significantly dependent upon the purchasing power of the Federal Minimum Wage rate and how effectively it’s enforced.

Throughout the history of all nations’ economies, (when there’s been no scarcity of labor), wage rates have been subject to the “race to the bottom”.
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Old 01-05-2019, 02:20 PM
 
Location: New York
2,486 posts, read 824,466 times
Reputation: 1883
Quote:
Originally Posted by phma View Post
They might want to check with the Senate and the President before they waste to much time on it.

I'm pretty sure, after what they did their first day, that wasting time has become the status quo.


They have unveiled impeachment and impeaching those MFers, raising taxes 70% on the "tippy top" (so cute) earners, amending the electoral college (still sore losers), which are all non-starters. It is the polar opposite of what they ran on as candidates, at least for most of them. Even the old school Dems were instantly distancing themselves from the new school progressive socialists.


They then proceeded, on the first-day mind you, to give themselves 5 days paid vacation during the partial shutdown!


Yep, same old same old.
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