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.
- MaximusAurelius

Apparently you make up poop. The proposed $15 minimum wage increase would have a minimal impact on jobs lost. That would be far more than offset by increases in real family incomes raising many people out of poverty.

Those are the direct and immediate impacts. Additional benefits would c9me from the increased spending from families with more money. This stuff isn’t difficult unless you have some different agenda.

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

Talking out of your ass again, I see.

I'd actually prefer if you just shared your lousy takes on the Leafs.

At least those are humorous.

There should be a maximum wage limit

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.
- Leafs43

I think the goal is to have fewer people living in poverty

Apparently you make up poop. The proposed $15 minimum wage increase would have a minimal impact on jobs lost. That would be far more than offset by increases in real family incomes raising many people out of poverty.

Those are the direct and immediate impacts. Additional benefits would c9me from the increased spending from families with more money. This stuff isn’t difficult unless you have some different agenda.
- Canada Cup

I just posted a link to a non-biased study on the effects.
For all you keep on saying 'no effect' - that doesn't make it real.
Budget committee is quite clear

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

great business
- senstroll

I live somewhere with a 15$ minimum wage. From what I've seen, pretty much every business just works the added costs into their pricing, and every customer that walks in the door foots the bill.

I have no horse in that race, I'm not convinced it works one way or the other.

I do see an endless cycle of minimum wage chasing inflation as a result though. 🤷‍♂️

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
- senstroll

like you learn in economy school; if average Joe makes too much and is too content - a country's economy is (frank)ed

There should be a maximum wage limit
- Zezel

*flagged

I think the goal is to have fewer people living in poverty
- Canada Cup

Never said it wasn't.

I was responding to a specific comment regarding housing prices in SF.

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?
- TheMussel

those laws shouldn’t be there

*flagged
- 21peter

Norway is a funny country.
From piss poor to the world's richest countries bc some natural reserves were found.
A lot of great work from an int'l development perspective - of course it's easier to hand out some small change donations as a billionaire..

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/
- MaximusAurelius

all of the same stuff you see any time its discussed. People will lose jobs, they will hire less workers and some will close shop.

ignored is what else could happen from a work force that affords people to live and spend money. when people have money they spend money.

the other problem is reversing all the damage done since Mr reagan came around. the money thats all in the rich folks pockets has to be shifted back to the regular folks

all of the same stuff you see any time its discussed. People will lose jobs, they will hire less workers and some will close shop.

ignored is what else could happen from a work force that affords people to live and spend money. when people have money they spend money.

the other problem is reversing all the damage done since Mr reagan came around. the money thats all in the rich folks pockets has to be shifted back to the regular folks
- senstroll

I am not disagreeing with you on what should be.
I am just pointing out what will happen in today's reality if such a minimum wage increase would be pushed.

I live somewhere with a 15$ minimum wage. From what I've seen, pretty much every business just works the added costs into their pricing, and every customer that walks in the door foots the bill.

I have no horse in that race, I'm not convinced it works one way or the other.

I do see an endless cycle of minimum wage chasing inflation as a result though. 🤷‍♂️
- joel878

i would assume some gets worked into the cost of the goods for sure. and I am fine with that..I have no problem paying a little more for stuff, I believe the overall benefit is greater with a decently paid work force.

all of the same stuff you see any time its discussed. People will lose jobs, they will hire less workers and some will close shop.

ignored is what else could happen from a work force that affords people to live and spend money. when people have money they spend money.

the other problem is reversing all the damage done since Mr reagan came around. the money thats all in the rich folks pockets has to be shifted back to the regular folks
- senstroll

Elon Musk and Jeff Bezos would be the 52nd and 54th richest countries on earth.

Trying to figure out what's wrong with the world but I just can't put my finger on it. 🤔

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

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

I'm as communist as the next guy, but I don't think minimum wage should be tied to everyone in San Franscisco having the ability to buy a house.

Just sayin'...

Norway is a funny country.
From piss poor to the world's richest countries bc some natural reserves were found.
A lot of great work from an int'l development perspective - of course it's easier to hand out some small change donations as a billionaire..
- MaximusAurelius

pick someone your own size, Maxy

i would assume some gets worked into the cost of the goods for sure. and I am fine with that..I have no problem paying a little more for stuff, I believe the overall benefit is greater with a decently paid work force.
- senstroll

There's also strong evidence that a higher paid workforce lowers costs over time to the company, because they aren't bleeding money on training costs and inefficiencies due to the learning curve (worker retention rates are higher).

Anyhoo, Oilers tonight?

I can't wait for Max to complain that we aren't talking hockey.

I can't wait for Max to complain that we aren't talking hockey.
- Leafs43

🤣😭🤩 Post of the day!

pick someone your own size, Maxy
- 21peter

Norway is one of the few countries I'd happily move to..
(Might actually happen as well)

I just posted a link to a non-biased study on the effects.
For all you keep on saying 'no effect' - that doesn't make it real.
Budget committee is quite clear
- MaximusAurelius

No, the Forbes business magazine article on the Congressional study is quite clear: they hate it. The Congressional study itself does not come to those conclusions. It simply sets out the impacts on employment and real family income.

And again, stop making poop up. I never said increased unemployment is no effect. I said the effect of increased unemployment is more than the increases in family income and reductions in poverty. The two good things don’t make the bad thing not bad but you need to consider the trade offs.

i would assume some gets worked into the cost of the goods for sure. and I am fine with that..I have no problem paying a little more for stuff, I believe the overall benefit is greater with a decently paid work force.
- senstroll

Like I said, I have no horse in this race. I'm not an economics major by any stretch.

But to the average folk like me it doesn't seem like a strategy which has an end game per say. As in... All it results in is me paying 16.85 for a coffee in 20 years.

Locally (again to the average folk) I just see minimum wage going up and costs going up... Yet the gap stays the same.

To me it seems like the rich get richer, the government takes their increased rake from heightened costs and spends it worse than they did before, but the middle and lower classes stay right they are and just work with higher numbers in and out. 🤷‍♂️

Norway is one of the few countries I'd happily move to..
(Might actually happen as well)
- MaximusAurelius

Ha, ha Peter

Norway is one of the few countries I'd happily move to..
(Might actually happen as well)
- MaximusAurelius

You better change that 'know it all' attitude' if you do. You wouldn't last too long before you're picked apart...