Raising the U.S. Federal Minimum Wage Watch

[nyknick]

My data is common sense and personal experience running a business.

A graduated rise(as Bernie has championed) would allow small businesses, most of which run small profit margins and who's cost structures are built around certain payroll expenses, to adjust their business model to adapt to $15/hr minimum wage. In some places, an immediate hike isn't a large issue because they were already in that range. Across the south, that's a big deal because you've effectively doubled the minimum wage without any time to adapt.

This thought that the majority of businesses can just "afford" things isn't based in reality. Most of them are just mom and pop outfits that allow people to pay their bills. Larger businesses with cash reserves, high profit margins, and a healthy bottom line will be much more willing to go the new wage immediately. They'd like for it to happen because they know the businesses that can't afford it will either:

1. Go out of business
2. Reduce staffing
3. Receive bad publicity

All leading to more revenue for them.

I'm not against going to $15/hr. I'm against this thought that all businesses will just cope with the increase and keep people employed through if they were hit with something like that right now.

Then I hear people say "Only the businesses that can afford to pay $15/hr right now should be allowed to stay in business". You don't want that. At all.

As far as I'm aware everyone (except people intentionally spreading disinformation) is talking about phasing in the increase until it reaches $15 in 2025.

And there's no need to use common sense or anecdotes because there is plenty of data regarding wage increases and it's effect on employment.

CBO recently released a study claiming that the increase would result in a loss of 1.4 million jobs while helping 900,000 people get out of poverty. And Washington Post had an article disputing CBO's claims about job losses, saying they found that only around 500,000 jobs would be lost (I'll find the link later).

 

[mastermind]

(I'll find the link later).

https://www.washingtonpost.com/outlook/2021/02/24/minimum-wage-economic-research-job-loss/

 

[AquaCityBoy]

No part of this surprises me.

 

[MoneyTron]

As far as I'm aware everyone (except people intentionally spreading disinformation) is talking about phasing in the increase until it reaches $15 in 2025.

And there's no need to use common sense or anecdotes because there is plenty of data regarding wage increases and it's effect on employment.

CBO recently released a study claiming that the increase would result in a loss of 1.4 million jobs while helping 900,000 people get out of poverty. And Washington Post had an article disputing CBO's claims about job losses, saying they found that only around 500,000 jobs would be lost (I'll find the link later).

Again, I'm not against a gradual raise. There's plenty of room for personal anecdotes and experience. That's how you gain feedback. AOC insinuated in that tweet that even the gradual rise is a compromise. It's not. It's a necessity.

 

[mastermind]

Again, I'm not against a gradual raise. AOC insinuated in that tweet that even the gradual rise is a compromise. It's not. It's a necessity.

But it is a gradual wage.

$15 comes into effect in 2025.

 

[MoneyTron]

But it is a gradual wage.

$15 comes into effect in 2025.

Again, I understand that. My post was about AOC's tweet saying it was a compromise.

 

[nyknick]

Again, I understand that. My post was about AOC's tweet saying it was a compromise.

She is not wrong, because it is a compromise, as almost all democratic policies are.

They are unveiled with a compromise built in ($15 with a phase in) and is then going to be knocked down to a Republican policy (embarrassing $10).

So I guess they should've started bargaining with $24 minimum phased in by 2025 and them have it knocked down to $15 (this is if we believe the premise that the Biden administration actually wanted a $15 minimum wage).

 

[mastermind]

Again, I understand that. My post was about AOC's tweet saying it was a compromise.

It is, like @nyknick said, most progressive policies are a comprimise.

The Defund the Police movement is actually a compromise from the original agenda.

Decriminalize drugs is also a compromise.

$15 minimum wage was started in 2008, and it was actually a "living wage," and not a minimum wage.

My only issue with AOC is to stop citing Scandanavia, but instead talk about the New Deal and returning to that period.

 

[MoneyTron]

She is not wrong, because it is a compromise, as almost all democratic policies are.

They are unveiled with a compromise built in ($15 with a phase in) and is then going to be knocked down to a Republican policy (embarrassing $10).

So I guess they should've started bargaining with $24 minimum phased in by 2025 and them have it knocked down to $15 (this is if we believe the premise that the Biden administration actually wanted a $15 minimum wage).

She sees the timing of this increase as a compromise. I see it as a necessity.

I guess its the necessity of compromise.

 

[MoneyTron]

Either way, I think Bernie's graduated plan is fine and keeping it out of the Covid relief bill was a good idea.

 

[nyknick]

It is, like @nyknick said, most progressive policies are a comprimise.

The Defund the Police movement is actually a compromise from the original agenda.

Decriminalize drugs is also a compromise.

$15 minimum wage was started in 2008, and it was actually a "living wage," and not a minimum wage.

My only issue with AOC is to stop citing Scandanavia, but instead talk about the New Deal and returning to that period.

Obamacare - don't even try to include a public option and end up having a fight to death just to pass RomneyCare

 

[DJ Paul's Arm]

 

[DJ Paul's Arm]

This piece of shyt. This story needs to go viral.

 

[DEAD7]

The two have nothing to do with each other
Get these meaningless appeals to emotion out of here

 

[Jesus H. Christ]

Corporate dems killed it