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Old 02-05-2021, 11:03 AM
 
45,676 posts, read 24,018,755 times
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I'm sure voters will embrace this policy. Oye.
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Old 02-05-2021, 11:13 AM
 
Location: Spring Hill, FL
4,299 posts, read 1,557,704 times
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Quote:
Originally Posted by fishbrains View Post
Staying at $7.25 since 2009, 12 years now, is also pretty drastic.
Especially given the cost of living has continued to increase with a complete absence of minimum wage increases.
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Old 02-05-2021, 04:47 PM
 
34,058 posts, read 17,081,326 times
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Originally Posted by louie0406 View Post
Minimum wage jobs are for teens or those working their way through school to build work ethic while learning responsibility. Not for grown adults raising a family. If you’re 30+ yrs old complaining about how you can’t support yourself and your family on minimum wage, then you only need to look in the mirror when trying to find someone to blame for your situation.

Almost doubling the minimum wage will only kill jobs. Not create more.
Amen. As a teen, I worked retail for about 6 months, mowed lawns, then telemarketing during college. After graduating, I moved on to adult jobs. Had I not done so, it would be no one's fault but mine.
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Old 02-05-2021, 04:49 PM
 
34,058 posts, read 17,081,326 times
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Originally Posted by Ponderosa View Post
No they did not. What passed was meaningless. It was opposition to raising the wage to $15 during the pandemic, yes. But Biden's bill does not do that. It raises it only to $9.60 this year and to $15 OVER A PERIOD OF FIVE YEARS. So the vote was over something that is not even in the bill. Posturing.
adding $5.40 over 5 years , and $7.75 over the present is absurd.

I do think adding 3%/year to the $7.25 for 5 years would be a nice balance.
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Old 02-05-2021, 04:50 PM
 
21,934 posts, read 9,508,101 times
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Originally Posted by BobNJ1960 View Post
Amen. As a teen, I worked retail for about 6 months, mowed lawns, then telemarketing during college. After graduating, I moved on to adult jobs. Had I not done so, it would be no one's fault but mine.
Taking responsibility? That's so Boomer.

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Old 02-05-2021, 04:53 PM
 
34,058 posts, read 17,081,326 times
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Quote:
Originally Posted by fishbrains View Post
Staying at $7.25 since 2009, 12 years now, is also pretty drastic.
It went up $2.10 in the 3 prior years, so it was $5.15 15 years ago. US average wage change is about 2.5% annually, so 15 yrs * 2.5% =37.5%, using law of 72s, compunds to 52%. $2.31 raise or $7.46.

http://www.easysurf.cc/samt8n3.htm?a...csal=3&time=15

$7.25 a year now is $5.15 15 years ago with 15 annual 2.3% COL increases.
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Old 02-05-2021, 05:02 PM
 
13,011 posts, read 13,050,479 times
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Quote:
Originally Posted by BobNJ1960 View Post
It went up $2.10 in the 3 prior years, so it was $5.15 15 years ago. US average wage change is about 2.5% annually, so 15 yrs * 2.5% =37.5%, using law of 72s, compunds to 52%. $2.87 raise or $8.02.

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Which is deceptive, because to say it jumped from $5.15 to $7.25 over three years ignores the fact that it was at $5.15 from 1997 to 2007.

It is reasonable for minimum wage to increase in proportion to inflation, I think we both might be able to agree on that. How to make up for the many years that it does not increase is probably where we will differ considerably.
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Old 02-05-2021, 05:08 PM
 
34,058 posts, read 17,081,326 times
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Quote:
Originally Posted by fishbrains View Post
Which is deceptive, because to say it jumped from $5.15 to $7.25 over three years ignores the fact that it was at $5.15 from 1997 to 2007.

It is reasonable for minimum wage to increase in proportion to inflation, I think we both might be able to agree on that. How to make up for the many years that it does not increase is probably where we will differ considerably.
I'd raise it locally, not nationally, in a nominal manner at this point (single % digit once), and index it to the general BLS regional COL indexes annually after that.

.
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Old 02-05-2021, 05:09 PM
 
Location: Western North Carolina
8,046 posts, read 10,638,176 times
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Originally Posted by louie0406 View Post
Minimum wage jobs are for teens or those working their way through school to build work ethic while learning responsibility. Not for grown adults raising a family. ..
I'm going to take a guess here that you are well over 50. Am I right? ( I am as well).

What you are saying was true a couple DECADES ago. You're not living in the reality of the work world of today.
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Old 02-05-2021, 05:12 PM
 
34,058 posts, read 17,081,326 times
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Originally Posted by RogueMom View Post
I'm going to take a guess here that you are well over 50. Am I right? ( I am as well).

What you are saying was true a couple DECADES ago. You're not living in the reality of the work world of today.

No he is. Nothing changed about the jobs. Prior generations were simply wiser regarding employment versus the millennials of 2021.
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