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Old Today, 03:57 PM
 
Location: Rutherfordton,NC
14,409 posts, read 9,091,615 times
Reputation: 9677

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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.
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Old Today, 04:17 PM
 
627 posts, read 134,131 times
Reputation: 1231
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.
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Old Today, 04:24 PM
 
627 posts, read 134,131 times
Reputation: 1231
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.
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.
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Old Today, 04:25 PM
 
Location: Florida
3,418 posts, read 935,925 times
Reputation: 2726
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.
Don't count on it. In fact, big corporations like Walmart will love this, because it's a sure fire way to kill off all the smaller mom and pop stores because they won't be able to meet the demand. And then when that happens, they will raise the price of the products because there will be no competition to counter offer, and then all of those people making 15 bucks an hour, will be right back where they started from thanks to inflation.
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Old Today, 04:29 PM
 
7,298 posts, read 4,210,447 times
Reputation: 9670
Yay, instant inflation.
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Old Today, 04:33 PM
 
360 posts, read 112,489 times
Reputation: 496
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.
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Old Today, 04:38 PM
 
2,002 posts, read 2,239,744 times
Reputation: 1497
Honestly I'm surprised they aren't passing bills that call for all workers to make exactly $15 per hour.

Equal pay, ya dig
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Old Today, 04:46 PM
 
16,810 posts, read 9,127,464 times
Reputation: 6809
Do Democrats care that a $15 minimum wage would have disastrous economic impacts in low cost of living areas?

Tupelo Mississippi has a high minimum wage than San Francisco after you take into account cost of living.

Tupelo min. wage is $7.25

San Fran min. wage is $15.59

Per CNN $1 in Tupelo buys as much as $2.41 in San Fran....


San Fran would need to raise their minimum wage to $17.47 to match the same buying power as minimum wage in Tupelo.


https://money.cnn.com/calculator/pf/...ing/index.html
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Old Today, 04:55 PM
 
Location: Rutherfordton,NC
14,409 posts, read 9,091,615 times
Reputation: 9677
Quote:
Originally Posted by warhorse78 View Post
Don't count on it. In fact, big corporations like Walmart will love this, because it's a sure fire way to kill off all the smaller mom and pop stores because they won't be able to meet the demand. And then when that happens, they will raise the price of the products because there will be no competition to counter offer, and then all of those people making 15 bucks an hour, will be right back where they started from thanks to inflation.
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.

Quote:
Originally Posted by notnamed View Post
Yay, instant inflation.
Like the cost of everything hasn’t tripled in the last 10-15 years.

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.

.
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.

Last edited by reed067; Today at 05:18 PM..
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Old Today, 04:58 PM
 
627 posts, read 134,131 times
Reputation: 1231
There will be a much bigger hit to restaurants and any other business that uses tipped workers.
Pay will go from $2.13 to $15.00 for all employees.

Does that mean no more tipping ?
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