Ha, ha Peter
- Canada Cup

oh boy

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?
- Atomic Wedgie

agree

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. 🤷‍♂️
- joel878

My wife already pays $16.85 for a cup of coffee.

You better change that 'know it all' attitude' if you do. You wouldn't last too long before you're picked apart...
- 21peter

*moves to Norway*

I’ll show those Dutch-wannabes how it’s done.

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?
- Atomic Wedgie

There's a gap in the term higher paid workforce however.

It's great that everyone making 10-13 bucks an hour suddenly makes 15. But the people making 16-20 don't see an increase.

In today's day and age as a middle class family who owns a house and a couple vehicles, a kid or two that plays sports... It's not like there's a ton of extra cash laying around as it is. Yet they are part of the crowd who ends up footing the bill for an increased minimum wage.

Just doesn't strike me as a successful long term fix.

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. 🤷‍♂️
- joel878

It doesn’t happen that way because the people making the lowest incomes are the biggest winners. They have more money and often are no ,o get in poverty.

The biggest loser is the much smaller group who lose their jobs because the small company they work for can’t afford the increase wage.

Whether there’s going to be big inflation or not depends on a whole bunch of things; it’s not automatic. If the industry is competitive and profitable, they might just reduce their margins a bit. A bunch of states increased the minimum wage through thev1980-2010s with less than 1% impact on inflation.

My wife already pays $16.85 for a cup of coffee.
- Atomic Wedgie

Does she have to drive 50 km to get it? I mean for that kind of coin you can even tip your Saddledome server for your heroin beer.

It doesn’t happen that way because the people making the lowest incomes are the biggest winners. They have more money and often are no ,o get in poverty.

The biggest loser is the much smaller group who lose their jobs because the small company they work for can’t afford the increase wage.

Whether there’s going to be big inflation or not depends on a whole bunch of things; it’s not automatic. If the industry is competitive and profitable, they might just reduce their margins a bit. A bunch of states increased the minimum wage through thev1980-2010s with less than 1% impact on inflation.
- Canada Cup

Well, the good news is there will be no small companies in six months.

*moves to Norway*

I’ll show those Dutch-wannabes how it’s done.
- Steven_Seagull

You would end up shot at first attempt stealing fries

There's a gap in the term higher paid workforce however.

It's great that everyone making 10-13 bucks an hour suddenly makes 15. But the people making 16-20 don't see an increase.

In today's day and age as a middle class family who owns a house and a couple vehicles, a kid or two that plays sports... It's not like there's a ton of extra cash laying around as it is. Yet they are part of the crowd who ends up footing the bill for an increased minimum wage.

Just doesn't strike me as a successful long term fix.
- joel878

In the states the federal minimum wage $7.25 which is the rate in a number of states including Alabama which has a poverty rate of over 15%. If your goal is reducing poverty, raising the minimum wage is important

Does she have to drive 50 km to get it? I mean for that kind of coin you can even tip your Saddledome server for your heroin beer.
- joel878

No, she just has to walk to our local Starbucks.

She does have to say a lot of funny words, however. I ask for a "medium coffee", whereas she says a lot of fancy, Italian-sounding words. Like, 8-12 words, all strung together. It's like she's using code-words to order a strike at Holt Renfrew.

And then I sip my coffee for 15 minutes while they use fancy machines to prepare hers.

It doesn’t happen that way because the people making the lowest incomes are the biggest winners. They have more money and often are no ,o get in poverty.

The biggest loser is the much smaller group who lose their jobs because the small company they work for can’t afford the increase wage.

Whether there’s going to be big inflation or not depends on a whole bunch of things; it’s not automatic. If the industry is competitive and profitable, they might just reduce their margins a bit. A bunch of states increased the minimum wage through thev1980-2010s with less than 1% impact on inflation.
- Canada Cup

1-4million jobs lost according to CBO.
CDC: 'small group'

In the states the federal minimum wage $7.25 which is the rate in a number of states including Alabama which has a poverty rate of over 15%. If your goal is reducing poverty, raising the minimum wage is important
- Canada Cup

I'd argue that there are probably 47 more important things to do in Alabama first, but I'm not opposed to raising the minimum wage.

Gradually.

I hope 12.5 million dollar man Connor McDavid doesn't outplay 11.6 million dollar man Auston Matthews while we upper-middle class individuals watch the sport on the TV while being able to comment on it live on the interwebz.

I'd argue that there are probably 47 more important things to do in Alabama first, but I'm not opposed to raising the minimum wage.

Gradually.
- Atomic Wedgie

Gradually is key, which should be obvious to folks that make the laws

Shocks to the system are hardest to absorb if they're large and sudden.

It's easiest to increase wages gradually if they follow the cat and mouse game of price levels and monetary policy

I hope 12.5 million dollar man Connor McDavid doesn't outplay 11.6 million dollar man Auston Matthews while we upper-middle class individuals watch the sport on the TV while being able to comment on it live on the interwebz.
- AdamFrench

11.634

No, she just has to walk to our local Starbucks.

She does have to say a lot of funny words, however. I ask for a "medium coffee", whereas she says a lot of fancy, Italian-sounding words. Like, 8-12 words, all strung together. It's like she's using code-words to order a strike at Holt Renfrew.

And then I sip my coffee for 15 minutes while they use fancy machines to prepare hers.
- Atomic Wedgie

I dont like starbucks...thats pretty much my experience there also.

$16 coffee that costs 8 cents to make...wonder what the workers make? ..

I hope 12.5 million dollar man Connor McDavid doesn't outplay 11.6 million dollar man Auston Matthews while we upper-middle class individuals watch the sport on the TV while being able to comment on it live on the interwebz.
- AdamFrench

The cherry on top is I'll be eating food delivered by a guy who is technically on precarious contract making minimum wage

11.634
- TheMussel

That 34 is 4k less than minimum wage for full time earners in Canada!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!zzzzzzzzzzzzzzzzzzzzz

new blog everyone

Drastically increase taxes for the greedy bumholes at the top. Call it the Being A Greedy bumhole tax. Then lower taxes for small businesses and the middle class.


Elon Musk is worth 180 Billion, but we can’t raise the minimum wage so the average person can live because the coffee will cost 25 cents more.

I hope 12.5 million dollar man Connor McDavid doesn't outplay 11.6 million dollar man Auston Matthews while we upper-middle class individuals watch the sport on the TV while being able to comment on it live on the interwebz.
- AdamFrench

It doesn’t happen that way because the people making the lowest incomes are the biggest winners. They have more money and often are no ,o get in poverty.

The biggest loser is the much smaller group who lose their jobs because the small company they work for can’t afford the increase wage.

Whether there’s going to be big inflation or not depends on a whole bunch of things; it’s not automatic. If the industry is competitive and profitable, they might just reduce their margins a bit. A bunch of states increased the minimum wage through thev1980-2010s with less than 1% impact on inflation.
- Canada Cup

Thanks for the insight. 👍

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. 🤷‍♂️
- joel878

You're going to pay that because coffee goes up, electricity goes up, gas goes up, taxes go up and the damn rent goes up the fastest. And that's all the stuff government can control but won't cause taxes.

1-4million jobs lost according to CBO.
CDC: 'small group'
- MaximusAurelius

Read it again Max