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Old 05-05-2014, 09:21 PM
FBJ FBJ started this thread
 
Location: Tall Building down by the river
39,606 posts, read 51,790,193 times
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What does he think this is going to accomplish? Does he think all minimum wage workers will be working full-time at the new wage? All this will do is have employers offer less hours and hire less and increase prices to make up for the $3.00 increase.

Nutter to sign minimum wage executive order
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Old 05-05-2014, 09:51 PM
 
Location: Boston Metrowest (via the Philly area)
4,744 posts, read 7,845,060 times
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Quote:
Originally Posted by FBJ View Post
What does he think this is going to accomplish? Does he think all minimum wage workers will be working full-time at the new wage? All this will do is have employers offer less hours and hire less and increase prices to make up for the $3.00 increase.

Nutter to sign minimum wage executive order
Good for Nutter. This is long past due. Think about it -- wage increases for low-income workers aren't going to be hoarded in a Swiss bank account; it's going to go directly back into the economy because folks working at fast food restaurants and retail stores have plenty of places where they could spend it.

It's obvious that those against minimum wage legislation/actions favor a more small government/"laissez faire" approach to the economy, but the fact that, adjusting for inflation, wages have been flat for decades shows that employers have not responded to the need to increase wages. Meanwhile, their profits are at record levels. Ever hear of the term "working poor?"

Also, if prices are increased to reflect increased wages, then it's only because businesses have been keeping their prices artificially low at the expense of their workers. Does that mean people shouldn't be paid fairly with cost-of-living increases? Absolutely not. We need some sort of standards for fair pay, otherwise there is imbalance in the market.

When cost-of-living increases like it has, but wages stay the same, how are workers expected to live? You do the math.
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Old 05-05-2014, 10:02 PM
FBJ FBJ started this thread
 
Location: Tall Building down by the river
39,606 posts, read 51,790,193 times
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Quote:
Originally Posted by Duderino View Post
Good for Nutter. This is long past due. Think about it -- wage increases for low-income workers aren't going to be hoarded in a Swiss bank account; it's going to go directly back into the economy because folks working at fast food restaurants and retail stores have plenty of places where they could spend it.

It's obvious that those against minimum wage legislation/actions favor a more small government/"laissez faire" approach to the economy, but the fact that, adjusting for inflation, wages have been flat for decades shows that employers have not responded to the need to increase wages. Meanwhile, their profits are at record levels. Ever hear of the term "working poor?"

Also, if prices are increased to reflect increased wages, then it's only because businesses have been keeping their prices artificially low at the expense of their workers. Does that mean people shouldn't be paid fairly with cost-of-living increases? Absolutely not. We need some sort of standards for fair pay, otherwise there is imbalance in the market.

When cost-of-living increases like it has, but wages stay the same, how are workers expected to live? You do the math.
So what happens to the people's wages who were already making $10 an hour?
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Old 05-05-2014, 10:36 PM
 
364 posts, read 619,744 times
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Originally Posted by FBJ View Post
So what happens to the people's wages who were already making $10 an hour?
Assume this legislation fails. If a company were to set their internal minimum wage at $10 (which is really a hiring wage), guess who gets to reap that benefit? Only new hires. At least now all existing employees will be paid a bare minimum amount, regardless of tenure.

Sure, it's slightly unfair for those who have been at the company long enough to see a $3 raise from the company's good heart. But.... Aren't those employees supposed to have bettered themselves and found a real job by then? After all, these minimum wage jobs are just for teens and bored housewives.

PS, a company can't really "scale back" the number of hours on the books. Do you think a place like Target purposefully assigns extra hours to employees? So they can just come in and stand around? Companies are already trying to maintain a semblance of customer service and efficiency at minimal labor costs. It would be nonsensical to do otherwise. So you can't just globally reduce hours to maintain a steady labor cost, because it takes a certain number of people to stock shelves and tender the registers.
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Old 05-05-2014, 11:21 PM
FBJ FBJ started this thread
 
Location: Tall Building down by the river
39,606 posts, read 51,790,193 times
Reputation: 9451
Quote:
Originally Posted by mcguirk View Post
Assume this legislation fails. If a company were to set their internal minimum wage at $10 (which is really a hiring wage), guess who gets to reap that benefit? Only new hires. At least now all existing employees will be paid a bare minimum amount, regardless of tenure.

Sure, it's slightly unfair for those who have been at the company long enough to see a $3 raise from the company's good heart. But.... Aren't those employees supposed to have bettered themselves and found a real job by then? After all, these minimum wage jobs are just for teens and bored housewives.

PS, a company can't really "scale back" the number of hours on the books. Do you think a place like Target purposefully assigns extra hours to employees? So they can just come in and stand around? Companies are already trying to maintain a semblance of customer service and efficiency at minimal labor costs. It would be nonsensical to do otherwise. So you can't just globally reduce hours to maintain a steady labor cost, because it takes a certain number of people to stock shelves and tender the registers.
Only new employees? That sounds even worst
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Old 05-06-2014, 04:13 AM
 
Location: Phila Pa & NYC
2,856 posts, read 2,066,969 times
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Quote:
Originally Posted by FBJ View Post
What does he think this is going to accomplish? Does he think all minimum wage workers will be working full-time at the new wage? All this will do is have employers offer less hours and hire less and increase prices to make up for the $3.00 increase.

Nutter to sign minimum wage executive order
I am by no means an economist, but there are always two sides to every situation. The second side of this equation in simple terms is the more money people earn, the more money they spend. Hence businesses get busier and hire more people.
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Old 05-06-2014, 05:05 AM
 
Location: Pennsylvania
5,673 posts, read 10,245,988 times
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This order also applies only to city contractors and sub-contractors, so most minimum wage workers in the city won't see a difference.
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