2009 was the last time the min wage in the states was raised.
$7.25.
Guess how much the cost of living has gone up since then?
- Fakepartofme

If lawmakers had half a brain they'd peg the minimum wage to the CPI and reevaluate twice a year.

So all Biden fans looking forward to:

- minimum wage increase pushing a lot of low-income families into permanent poverty

- susan rice, victoria nuland, hillary, kamala harris pushing for a new war (Iran) and creating conflict in Eastern Europe (Russian borders)

and other 'great' new measures during first 6 months of the Biden administration?

Trump was horrible - Biden admin might even be worse (in particular for int'l community)
- MaximusAurelius

-
OH FFS the man just got into office wait at least a year before say poop like this.

If lawmakers had half a brain they'd peg the minimum wage to the CPI and reevaluate twice a year.
- TheMussel

I think there are some economists who would fear that would be inflationary.

I honestly don't know if a $15 national minimum wage is the right move in the US.

$15 in San Francisco is not the same as $15 in rural Alabama.

Very minimal job loss (between 0 and less than 0.5%) far more than offset by increases in real income for many more poor working people. Macro benefits benefits because low income families spend their new money, they don’t save.

And again, it was Obama-Biden-Blinken who pushed the Iran treaty. It was Trump’s assassination and Babi love that accelerated the latest round of hostility so I’m not sure how Biden makes things worse.

But please tell me all about the things that I’ve studied and the black economist you read that makes you an expert coroner.
- Canada Cup

a lot of folks seem pretty brain washed into thinking everything will implode if you pay people a living wage...just nonsense thats been spewed for 40 years.

if only there were countries you could look at as an example.

I think there are some economists who would fear that would be inflationary.

I honestly don't know if a $15 national minimum wage is the right move in the US.

$15 in San Francisco is not the same as $15 in rural Alabama.
- Atomic Wedgie

Yup. It's a big problem for small businesses in rural areas.

Then again, the real problem is probably that too many people aren't paid enough while others make billions.

Which is exactly why I consider Marner overpaid.

#HockeyPost

I think there are some economists who would fear that would be inflationary.

I honestly don't know if a $15 national minimum wage is the right move in the US.

$15 in San Francisco is not the same as $15 in rural Alabama.
- Atomic Wedgie

another very valid argument.
in general, for all we all want people to have proper compensations and a decent wage providing them with good living conditions, most of the time government interventions have more negative effect than positive.
cdc is one of those people that thinks he actually did some good - but at the balance, he cause more problems than he solved with his interventionist mentality..

Yup. It's a big problem for small businesses in rural areas.

Then again, the real problem is probably that too many people aren't paid enough while others make billions.

Which is exactly why I consider Marner overpaid.

#HockeyPost
- Scabeh

my small business cant survive unless I pay someone not enough to even live off.

great business

another very valid argument.
in general, for all we all want people to have proper compensations and a decent wage providing them with good living conditions, most of the time government interventions have more negative effect than positive.
cdc is one of those people that thinks he actually did some good - but at the balance, he cause more problems than he solved with his interventionist mentality..
- MaximusAurelius

is $15 enough to be able to live off in SF?

can you buy a house, have a family etc?

my small business cant survive unless I pay someone not enough to even live off.

great business
- senstroll

So they should just close?

Or raise their prices? Which would cause customers to buy the same stuff elsewhere?

Raising the minimum wage on a national level isn't without impact and should be joined with real actual change in the economic system for it to be an effective measure against poverty.

Trying to make it sound too simple and an easy solution is just plain wrong.

Just like thinking Vesey is a viable top 6 option.

#HockeyPost

I swear Max is a masochist. He just loves getting smacked around.

Maxochist?

my small business cant survive unless I pay someone not enough to even live off.

great business
- senstroll

Nobody suggested not raising the min wage in those areas or states with a lower cost of living. Maybe it's $10 and not $15. Still an improvement.

Also, in America the State tax is so different from state to state that a dollar goes further in some, like Florida there is no state income tax. That $10 goes a lot further than say New York with the $15.

is $15 enough to be able to live off in SF?

can you buy a house, have a family etc?
- senstroll

But that's the point:

$15 might not be enough in San Francisco, but it might be more than adequate in rural Alabama.

Perhaps the better thing to do would be to encourage individual states to raise their minimum wages based upon formulas that take into account local conditions.

is $15 enough to be able to live off in SF?

can you buy a house, have a family etc?
- senstroll

maybe in small towns but not in SF or NYC

another very valid argument.
in general, for all we all want people to have proper compensations and a decent wage providing them with good living conditions, most of the time government interventions have more negative effect than positive.
cdc is one of those people that thinks he actually did some good - but at the balance, he cause more problems than he solved with his interventionist mentality..
- MaximusAurelius

It’s funny how it’s “interventionist” if it’s designed to help people on the bottom but no questions asked to throw trillions at the upper 5%.

An increase in the minimum wage will be inflationary to the extent that it creates a market imbalance that forces companies to increase prices to offset the extra cost. McDonalds, as a large employer of minimum wage earners, made over $100B in profits in 2019. They should be ok.

Inflationary pressures will be small. Loss of employment will be small. Both impacts will be temporary, unevenly felt geographically and more than offset by the positive impacts on increases in large numbers of low wage earners and decreases in the number of people living in poverty.

I don’t think Canadians understand how precarious so many Americans are, working multiple jobs right now.

But that's the point:

$15 might not be enough in San Francisco, but it might be more than adequate in rural Alabama.

Perhaps the better thing to do would be to encourage individual states to raise their minimum wages based upon formulas that take into account local conditions.
- Atomic Wedgie

But not all states do. There is a federal minimum wage that is supposed to be set at a level that allows everyone in the country to live a decent life. Over 15.5% of the population in Alabama live in poverty.

It’s funny how it’s “interventionist” if it’s designed to help people on the bottom but no questions asked to throw trillions at the upper 5%.

An increase in the minimum wage will be inflationary to the extent that it creates a market imbalance that forces companies to increase prices to offset the extra cost. McDonalds, as a large employer of minimum wage earners, made over $100B in profits in 2019. They should be ok.

Inflationary pressures will be small. Loss of employment will be small. Both impacts will be temporary, unevenly felt geographically and more than offset by the positive impacts on increases in large numbers of low wage earners and decreases in the number of people living in poverty.

I don’t think Canadians understand how precarious so many Americans are, working multiple jobs right now.
- Canada Cup

Apparently you hate the poor.
Lots of data on how got interventions on minimum wage increase hurts families that are worst off, lots of those immigrants and black minorities.

I think there are some economists who would fear that would be inflationary.

I honestly don't know if a $15 national minimum wage is the right move in the US.

$15 in San Francisco is not the same as $15 in rural Alabama.
- Atomic Wedgie

Inflation happens no matter what

Pegging the minimum wage to the CPI with regular review would at least allow to the minimum wage to increase in small increments, make sure that people are able to live off what the earn, and also make it easier for businesses large and small to absorb.

At this point in time, many businesses rely on underpaying workers

I think there are some economists who would fear that would be inflationary.

I honestly don't know if a $15 national minimum wage is the right move in the US.

$15 in San Francisco is not the same as $15 in rural Alabama.
- Atomic Wedgie

the minimum wage is $0🤦‍♂️

if businesses can’t or won’t afford to employ someone they won’t employ them 👍

they will pay more for good results and less or nothing for inferior results 👍🏿

thankfully, we have democracy to force people to ignore market forces and laws of nature🤣

Bobby Ryan looking good off the sauce.
- AdamFrench

I usually need beer goggles on before he looks good to me.

Inflation happens no matter what

Pegging the minimum wage to the CPI with regular review would at least allow to the minimum wage to increase in small increments, make sure that people are able to live off what the earn, and also make it easier for businesses large and small to absorb.

At this point in time, many businesses rely on underpaying workers
- TheMussel

I’m pretty sure that inflation happens when you’re economy is failing so you just print more currency 👍
like a Ponzi scheme or social security🤣

the minimum wage is $0🤦‍♂️

if businesses can’t or won’t afford to employ someone they won’t employ them 👍

they will pay more for good results and less or nothing for inferior results 👍🏿

thankfully, we have democracy to force people to ignore market forces and laws of nature🤣
- Skalapy

not like businesses enjoy benefits like intellectual property laws, fair competition laws, government subsidies, public infrastructure or educated workforce right? What do they owe society?

I’m pretty sure that inflation happens when you’re economy is failing so you just print more currency 👍
like a Ponzi scheme or social security🤣
- Skalapy

you'd be wrong

Cdc - we all agree that all people should be paid in order to live comfortably.
But then there is reality:

https://www.forbes.com/si...poor-more-than-they-help/

So they should just close?

Or raise their prices? Which would cause customers to buy the same stuff elsewhere?

Raising the minimum wage on a national level isn't without impact and should be joined with real actual change in the economic system for it to be an effective measure against poverty.

Trying to make it sound too simple and an easy solution is just plain wrong.

Just like thinking Vesey is a viable top 6 option.

#HockeyPost
- Scabeh

if your business can only survive on paying wages that do not afford someone to live day to day...then id say thats a poor business.

But, id bet its mostly bs, and they could survive.
keeping people poor is a feature in the US, its by design

is $15 enough to be able to live off in SF?

can you buy a house, have a family etc?
- senstroll

Gonna need something closer to $40 or $50/hour to buy a house in SF.

May be better off determining why housing prices are so high (especially in certain States) and working backwards from there.