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Old Today, 02:53 AM
 
Location: Stillwater, Oklahoma
15,021 posts, read 13,357,145 times
Reputation: 4592

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Quote:
Originally Posted by remco67 View Post
Political move, will never pass the senate or be passed into law. Which is something the Dems are very aware of. They just want the talking points.

Perhaps they should tell us what the people on a fixed income, the disabled those on Social Security will do. Given i think the avg SS check is 1100 a month and everything from rent to food will go up if anything like this actually passed. Millions go from being poor to instant poverty.
Do you have evidence that everything from rent to food has gone up in price since Arkansas raised the minimum wage from $7.25 to $9.25?

I can agree that a sudden raise in min pay to $15 would be too big of a shock in states where the min. is $7.25. It would probably be better to let individual states decide how to raise the minimum wage as many of them are already doing.

As inflation continues to go up, it will be interesting to see how long states where min wage is still $7.25 can stay there. In 2021, it will also be interesting how a border city, such as Texarkana handles the abrupt change in minimum pay from one side of town to the other.
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Old Today, 03:18 AM
 
12,863 posts, read 4,657,792 times
Reputation: 5215
Quote:
Originally Posted by StillwaterTownie View Post

I can agree that a sudden raise in min pay to $15 would be too big of a shock in states where the min. is $7.25.
There is never any sudden raise. Not a single state has had any sudden raise in any minimum wage. Its always a gradual raise.

Even states where the current minimum wage is a starvation wage, they are affected by the minimum wage raises in the rest of the country. Just like labor unions, minimum wage raises have an effect on the entire national labor market.
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Old Today, 04:23 AM
 
16,816 posts, read 9,130,160 times
Reputation: 6812
Quote:
Originally Posted by PCALMike View Post
And cost of living differences are exaggerated when excluding housing, which isnt a cost, its an investment.
Get into the real world. Don't go full AOC on us.

NYC with a high cost of living has 69% of their residents RENTING, because they can NOT afford the high cost of housing.

How is RENTING where your check goes to the landlord owner an investment?!?!


The national average for rentals is just 33% and it spikes up in all of the high cost areas like San Francisco and drops to lows below the national average in low cost of living areas.


The typical person is MORE likely to have a real estate investment in a low cost area - the EXACT OPPOSITE of what you just stated.


New York City Apartment Rental Statistics | LandLord Station
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Old Today, 04:40 AM
 
1,069 posts, read 201,899 times
Reputation: 747
Minimum wage rises all boats..


People with more money, will spend more money..


When the people at the very bottom gets $15.. others will have to get more to compensate.
Increasing spending, increasing the economy!



Accounting for inflation, the Americans workers salary is the same today as it was 40 years ago.
American workers has not seen an actually raise for 40 year! Thank you Reagan.


.
.
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Old Today, 05:03 AM
 
37,005 posts, read 16,134,598 times
Reputation: 8411
Quote:
Originally Posted by reed067 View Post
WASHINGTON (AP) House Democrats approved legislation Thursday to raise the federal minimum wage for the first time in a decade, to $15 an hour, showcasing the progress and challenge of a signature issue for the party ahead of the 2020 election.

The increase, which would boost pay for some 30 million low-wage workers, is intended as one answer to income inequality. A longshot project of liberal advocates just a few years ago, the $15 minimum is standard practice at some leading U.S. corporations. But passage was assured only after centrist Democrats, reluctant to embrace the party's left flank, won adjustments, including a slower six-year phase-in of the wage. It was just the latest reminder of the sway moderates hold over the party's policy decisions.

Even though the bill's chances in the Republican-controlled Senate are slim, and President Donald Trump is unlikely to sign it into law, the outcome is important because it puts $15 into the campaigns as the new benchmark for debate.

https://wlos.com/news/nation-world/h...mum-wage-to-15


Be interesting to see how this one plays out for companies like Walmart, etc. Im sure they will be backing Trump.
Then again Trump might be for it Id be surprised if he wasnt after all if he did run on the idea of helping the American workers make more money.
"House OKs $15 minimum wage, setting marker for 2020 campaign."
I doubt it will even get to a Senate committee, like harry reid buried over 240 House passed bills in 1 year, much lessPASSED by a Senate committee. DOA.
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Old Today, 05:08 AM
 
12,863 posts, read 4,657,792 times
Reputation: 5215
Quote:
Originally Posted by michiganmoon View Post
Get into the real world. Don't go full AOC on us.

NYC with a high cost of living has 69% of their residents RENTING, because they can NOT afford the high cost of housing.

How is RENTING where your check goes to the landlord owner an investment?!?!


The national average for rentals is just 33% and it spikes up in all of the high cost areas like San Francisco and drops to lows below the national average in low cost of living areas.


The typical person is MORE likely to have a real estate investment in a low cost area - the EXACT OPPOSITE of what you just stated.


New York City Apartment Rental Statistics | LandLord Station
Housing is still an investment. Its silly to to include housing in cost of living when that all depends on whether you have bought or not. There is a reason why housing is not included in inflation statistics. Its an investment. And living in an area with low housing prices means you also lose a lot of home equity compared to owning in an expensive area.
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Old Today, 05:10 AM
 
37,005 posts, read 16,134,598 times
Reputation: 8411
Quote:
Originally Posted by TMSRetired View Post
Walmart starting pay is $11/hour. In 6 years time (when this kicks in) I wager the pay will be at that point.

The big hit will be to restaurants with waiters/waitresses. Tipped workers will also get $15/hour instead of that $2+.

Nevertheless this bill still has to get past the Senate and signed into law.
"Walmart starting pay is $11/hour."


Do you think their starting pay is the SAME everywhere in the country?
"Average Hourly Rate for Wal-Mart Stores, Inc Employee"
Cashier
Average: $10.14

$9 - $12

Sales Associate
Average: $10.59

$9 - $13

Pharmacy Technician
Average: $13.49

$11 - $17


https://www.payscale.com/research/US...nc/Hourly_Rate
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Old Today, 05:14 AM
 
37,005 posts, read 16,134,598 times
Reputation: 8411
Quote:
Originally Posted by reed067 View Post
I hope it doesn’t kill off mom and pop stores. It’s like forcing smaller churches to pay taxes, I’m all for making mega churches pay it but not the smaller ones. Then again many mom and pop places have only a handful of employees.

Like the cost of everything hasn’t tripled in the last 10-15 years.



That my guess it’s that this is more political move then anything else. Both parties like to use this trick in upcoming elections. That’s what the conservatives did they voted for the most extreme candidate they could.

All in all I’m more of a fan of a living wage then an all across the board raise.
"I hope it doesn’t kill off mom and pop stores."

Do you think mom & pops pay HIGH wages? Have benefit packages, including health care, vacations, retirement, etc.?

It started way back when Sears and Wards created shop by mail catalogs!

Amazon is No 1 retailer in the WORLD.
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Old Today, 05:15 AM
 
Location: OH->FL->NJ
10,015 posts, read 8,101,457 times
Reputation: 4251
Quote:
Originally Posted by TMSRetired View Post
If poor people are smart they will move to a low COL area and that $15/hour will have them living pretty rich.

That's also gonna bump a lot of folks off the welfare rolls. May not be a good thing though because you lose everything if you are even $1 over the limit.
Quote:
Originally Posted by TMSRetired View Post
Well the smart ones will move to a low COL area and live like kings.
They would live better in low COL than high COL but live like kings? Good grief the perception of some posters is massively skewed.

Quote:
Originally Posted by TMSRetired View Post
What will happen is it will get killed in the Senate and the Dems will say they showed their support for the "workers" and the Repubs squashed their chances at getting a living wage so you better vote Dem next year for President.

Would be a hoot though if the Senate passed it as is.
The backers of the GOP are making phone calls just to make sure it does not happen. It wasnt likely at all, but you can bet the big money guys are making those calls just to make 100% sure.

$15 is too high. I know few here believe in balance being for either zero or $15.
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Old Today, 05:21 AM
 
37,005 posts, read 16,134,598 times
Reputation: 8411
Quote:
Originally Posted by RunD1987 View Post
^^^ That's why a minimum wage formula that focuses on: Average rent; average cost of gas; average utilities; income tax; sales tax. States utilize the formula in creating a minimum wage. Then anyone with hourly pay between State minimum wage and up to $2.40 more hourly with dependents will receive $1,152 rebate from the Government for each dependent. Max amount can receive is up to 4 dependents. State's can create a higher minimum wage if they choose to. Raise tipped minimum wage to $5.00 an hour. Also $1,152 rebate applies to those making Federal tip wage. A flat Federal income tax of 30% and only taxing any income made in a year over $30,000. Do away with Federal tax returns.
"Do away with Federal tax returns"


A national sales tax ONLY!
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