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A factor, not the factor. Seems to me, the business probably would have went under ANYway.
the reality is that even though the minimum wage increased significantly over the past 5 years poverty rates haven't declined that much. Especially when we factor strong job growth.
If someone is making $15/h working 40 hrs weekly their annual should be around $30k, above the Federal poverty rate. So this implies that while folks might be getting the dollars per hour apparently they aren't getting the hours per week.
Many employers complain that they cannot find workers with certain skill and cognitive levels so it seems to me that the best way to reduce poverty is to better match the labor force with the skillsets that employers are willing and able to pay for. I expect bigger employers to invest more in laborsaving devices given that they have the budgets to spend. These machines don't call in sick, or have family emergencies, or pick fights with each other.
the reality is that even though the minimum wage increased significantly over the past 5 years poverty rates haven't declined that much. Especially when we factor strong job growth.
If someone is making $15/h working 40 hrs weekly their annual should be around $30k, above the Federal poverty rate. So this implies that while folks might be getting the dollars per hour apparently they aren't getting the hours per week.
Many employers complain that they cannot find workers with certain skill and cognitive levels so it seems to me that the best way to reduce poverty is to better match the labor force with the skillsets that employers are willing and able to pay for. I expect bigger employers to invest more in laborsaving devices given that they have the budgets to spend. These machines don't call in sick, or have family emergencies, or pick fights with each other.
30k can get you an apartment in most of the country, but not NYC
the reality is that even though the minimum wage increased significantly over the past 5 years poverty rates haven't declined that much. Especially when we factor strong job growth.
If someone is making $15/h working 40 hrs weekly their annual should be around $30k, above the Federal poverty rate. So this implies that while folks might be getting the dollars per hour apparently they aren't getting the hours per week.
Many employers complain that they cannot find workers with certain skill and cognitive levels so it seems to me that the best way to reduce poverty is to better match the labor force with the skillsets that employers are willing and able to pay for. I expect bigger employers to invest more in laborsaving devices given that they have the budgets to spend. These machines don't call in sick, or have family emergencies, or pick fights with each other.
How much has rent gone up in the past five years? How about food? gas? Why should the minimum wage have no relationship to the cost of living? What defines "strong" job growth? An abundance of crappy wage jobs that pay half ones previous job is not my idea of "strong" growth.
How much can you expect to get from some who you pay below a subsistence level? You want someone sharp, courteous, ambitious but pay them dirt? You get what you pay for.
Employers will invest in labor saving devices if they can, and it is not connected to wages, at least not in America.
How much has rent gone up in the past five years? How about food? gas? Why should the minimum wage have no relationship to the cost of living? What defines "strong" job growth? An abundance of crappy wage jobs that pay half ones previous job is not my idea of "strong" growth.
How much can you expect to get from some who you pay below a subsistence level? You want someone sharp, courteous, ambitious but pay them dirt? You get what you pay for.
Employers will invest in labor saving devices if they can, and it is not connected to wages, at least not in America.
because wages have less to do with cost of living but rather what value and skills you bring to the employer.
a minimum wage artificially increases that cost to the business and now many are closing doors because of it.
it has been shown time and time again that min wage hurts more than helps those that need it most. either they get reduced hours or jobs get cut and replaced with automation.
something so simple that even a caveman can comprehend but leftists seem to struggle with.
because wages have less to do with cost of living but rather what value and skills you bring to the employer.
a minimum wage artificially increases that cost to the business and now many are closing doors because of it. it has been shown time and time again that min wage hurts more than helps those that need it most. either they get reduced hours or jobs get cut and replaced with automation.
something so simple that even a caveman can comprehend but leftists seem to struggle with.
Many are closing their doors because of factors like rent being too high and poor business models. Shoot, I've spoken to owners of small businesses. Many are high on ambition but have rocks for business savvy. If your business model is so poor that you can't afford to pay a living wage then you're not a good business person. I bolded your copy to say, "WHERE?, WHERE HAS IT BEEN SHOWN?" Studies actually prove the opposite. Improved consumer spending is good for business. Less attrition of employees is good for business. Here is one case study that actually came to fruition. News: Success. https://www.businessinsider.com/nyc-...um-wage-2019-8 The story gets it data from this study. https://gallery.mailchimp.com/a6170f...eid=3c7bd9c10c
But you know, when you use the word leftist what that signifies to me is a) a pre-existing ideology that is impermeable to facts, b) probably a limited education in economics, statistics c) a closed-minded world view d) and finally, the most important thing, a lack of curiosity to put oneself in check about ones world view, to see if reality matches their belief system. That circles back to item c, closed-minded.
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