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Take a History Class, federal minimum wage rate's needed. Otherwise most states would have difficulty sustaining or enforcing their wage rate statutes. If there were no federal labor laws, many state's legislators would further deny employees any legal rights.
Respectfully, Supposn
Please take an economics and a history/law class Supposn. Minimum wages are mostly based on economics - few actually work min wage (<3%) because the real wages are higher. A min wage law distorts the market if too high and can cause job loss. Also federal labor laws are NOT just minimum wages - they include things like child labor laws, workplace safety, fair labor laws, equal employment rights, family and medical leave among other things - here is a sample of what is posted at businesses.
Your statement "If there were no federal labor laws, many state's legislators would further deny employees any legal rights" is utter hogwash - basically saying that states would allow Auschwitz conditions at work with ok for slave and child labor if left on their own.
Luv4horses, Cc of my letter to the majority leader of the U.S. Senate. Respectfully, Supposn
Senator Schumer, Congressional Budget Office, (CBO)reports regarding the federal minimum wage rate are not detrimental to the proposed “Raise the Wage Act”, but they were drafted in manners that better enables opponents of minimum wage rates. CBO reports family total incomes without differentiating or identifying wages portions of those incomes.
I don't believe CBO favors Republicans. I speculate to what extent CBO's less than full disclosure of minimum wage rate increases consequences were due to Republicans' cleverness, or to less diligence by speaker of the house Pelosi and yourself, (our current majority leader of the senate)? Democrats must now confront and are obliged to explain CBO's reports.
Respectfully,
You really need to reread the CBO report, you also need to better understand the roll of the CBO if you think they took sides - it is not a D vs R, it is not supposed to favor ANY position, what you put really shows your bias.
You seem to want to ignore several major things from the report - that $15/hr min wage will cause about 900K to lose their jobs and that it will cause the overall economy to contract - that is not "We all do better when we all do better" when causes most to be worse off. Min wages are NOT designed to support families - they are designed for those starting out.
You really need to reread the CBO report, you also need to better understand the roll of the CBO if you think they took sides - it is not a D vs R, it is not supposed to favor ANY position, what you put really shows your bias.
You seem to want to ignore several major things from the report - that $15/hr min wage will cause about 900K to lose their jobs and that it will cause the overall economy to contract - that is not "We all do better when we all do better" when causes most to be worse off. Min wages are NOT designed to support families - they are designed for those starting out.
There's no shame to any legal employment, but I despise other's which (as you just posted), imply otherwise. What's my "hyperbole" ... "about universal income"? Did I mention universal income? Do most wage earners earn "decent wages"?
Yes. And if they do not, whose fault is that. If the best job one is qualified for is fast food or a dollar store whose fault is that? Lots of opportunities to acquire a skill. We are suppose to reward people who decide to do nothing to better themselves?
Commissioned sales employees, some farmworkers, some seasonal and recreational workers, casual babysitters, workers who's compensation comes mainly from tips, etc.
You really need to reread the CBO report, you also need to better understand the roll of the CBO if you think they took sides - it is not a D vs R, it is not supposed to favor ANY position, what you put really shows your bias.
You seem to want to ignore several major things from the report - that $15/hr min wage will cause about 900K to lose their jobs and that it will cause the overall economy to contract - that is not "We all do better when we all do better" when causes most to be worse off. Min wages are NOT designed to support families - they are designed for those starting out.
That statement from the CBO did not age well. Last month's jobs report was +850k jobs during an environment of a labor shortage and employers raising wages to $15/hr and above to lure applicants. The Feds might as well raise the MW to $15 because on the street all across America the real market wage is $15 anyway.
Goes to show that during periods of economic growth you can raise wages and grow jobs at the same time, if aggregate demand is strong enough.
In my area tbe lowliest fast food places are offering at least 20% above minimum wage and they still can't find workers. Some of them about 30% more plus a bonus.
That statement from the CBO did not age well. Last month's jobs report was +850k jobs during an environment of a labor shortage and employers raising wages to $15/hr and above to lure applicants. The Feds might as well raise the MW to $15 because on the street all across America the real market wage is $15 anyway.
Goes to show that during periods of economic growth you can raise wages and grow jobs at the same time, if aggregate demand is strong enough.
Elliott at this point you should leave any economic analysis to others. You are connecting two dots that probably aren't very well related.
Elliott at this point you should leave any economic analysis to others. You are connecting two dots that probably aren't very well related.
If you have sources to cite that assert that wages and employment can't go up in tandem, I welcome them. Otherwise, your condescending post is all hat and no cattle.
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