Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > New York > New York City
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 10-01-2015, 11:18 AM
 
5,040 posts, read 4,914,033 times
Reputation: 4852

Advertisements

Slowly Mr deblasio started showing his care of NYC middle class....

Maybe everyone should reconsider his political stances on racial and NYPD issues and give him another term to work on "closing the carried interest loophole that allows hedge fund managers to pay a lower tax rate on their income, implementing the "Buffett Rule" so millionaires pay their fair share and ending tax breaks for companies that ship jobs overseas"


If America wants a healthy economy and thriving middle class, it needs to reward work, not wealth, New York City Mayor Bill de Blasio told CNN.

That mantra is at the heart of the Progressive Agenda, which de Blasio and others are pushing to combat widening income inequality in the U.S.



"You are talking about a middle class that for several decades has been economically stuck," said de Blasio. "They can feel their possibilities slipping away. And that is not the America they signed up for."
Stabilizing the middle class is essential to growing the economy, said Robert Reich, the former Labor Secretary for the Clinton Administration who joined de Blasio in speaking with CNN. And when the middle class is expanding, the poor have an easier time climbing the ladder, he said.
But the middle class has been struggling. This is the first time that median income has not recovered five years into an economic recovery,Reich said.
"[The economy] is not going to grow if the middle class does not have enough purchasing power to keep it growing," said Reich, who is nowa professor of public policy at the University of California at Berkeley and also a proponent of the Progressive Agenda."The middle class doesn't have the money. People are angry."
Among other things, the 14-point Progressive Agenda calls for:
-- Helping workers get ahead by raising the minimum wage to $15 an hour, passing comprehensive immigration reform to protect low-wage workers against exploitation and investing in schools.
-- Supporting working families by passing national paid sick and family leave, expanding the Earned Income Tax Credit and making pre-K universal.
-- Enacting tax fairness by closing the carried interest loophole that allows hedge fund managers to pay a lower tax rate on their income, implementing the "Buffett Rule" so millionaires pay their fair share and ending tax breaks for companies that ship jobs overseas.
De Blasio, who took office in January 2014, has already expanded paid sick leave and universal pre-K,which is still ramping up, in New York City.
The mayor also supports raising the minimum wage to $15 an hour for all workers, a central tenet of the Progressive Agenda. New York Governor Andrew Cuomo recently lifted the wage of fast-food workers to that level and is pushing to expand it to all industries.
Raising the minimum wage will help the economy by giving these workers more money to spend, Reich said. It will also save the government money becausethey will be less reliant on public assistance programs.
The raises, however, can come at a price. Walmart (WMT), which increased its base wage to $9 an hour in April, had to lower its profit forecast recently, citing wage hikes as one of the reasons. Opponents say raising the rate will cost jobs and make it even harder for teens to find work.
Reich and de Blasio counter that view, saying these workers will have more money to spend, which will create new jobs.
"Part of why so many of us believe in the $15 minimum wage is ... it actually puts people back in the game of being able to support themselves and have a shot at the middle class," de Blasio said.
Reply With Quote Quick reply to this message

 
Old 10-01-2015, 11:24 AM
 
Location: New York City
372 posts, read 396,736 times
Reputation: 253
Quote:
Opponents say raising the rate will cost jobs and make it even harder for teens to find work.
Pure fear mongering with no basis in reality.
Reply With Quote Quick reply to this message
 
Old 10-01-2015, 11:54 AM
 
Location: Reno, NV
824 posts, read 2,785,396 times
Reputation: 754
I know that this subject, minimum wage, has been beat to death, but to say that there is no basis to reality that minimum wage laws has its downsides is, I think, not true. Economists such as Walter Williams and Thomas Sowell make some arguments that shouldn't be dismissed out of hand. These arguments can be seen by googling their names and minimum wage. But as a practical matter I don't think minimum wage laws will ever go away.
Reply With Quote Quick reply to this message
 
Old 10-01-2015, 12:13 PM
 
Location: Bronx
16,200 posts, read 22,967,602 times
Reputation: 8344
Fast food jobs should only be for retirees and kids who are in high school and college. Working adults with families should not be in fast food unless newly arrived immigrants. With no skills.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:




Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > New York > New York City
View detailed profiles of:

All times are GMT -6.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top