14

Minimum wage hikes in big cities: the results

Posted by $ blarman 9 years, 10 months ago to Business
58 comments | Share | Flag

Maybe some cities will see this and put the brakes on similar measures.

All Comments

  • Posted by edweaver 9 years, 10 months ago in reply to this comment.
    Yup, McDonald's is one one the best jobs a high school kid can get. It teaches them many things and if they are there for more than 6 months it is an indicator to other employers that they may have some useful skills.
    Reply | Permalink  
  • Comment hidden due to member score or comment score too low. View Comment
  • Posted by $ MichaelAarethun 9 years, 10 months ago in reply to this comment.
    Yet the individual in India,or China, or Indonesia int he context of their economy is often a top wage earner. While the individual in our overinflated economy more often than not is incompetent in anyone's system.
    Reply | Permalink  
  • Comment hidden due to member score or comment score too low. View Comment
  • Posted by $ MichaelAarethun 9 years, 10 months ago in reply to this comment.
    One locally McDonalds franchise chain routinely hired high school and Senior Citizens. the Senior invariably shot to the to the top of the heap.They knew how to work and had a work ethic, experience and a sense of efficiency. The younger employees did not. The string solved the problem by issuing badges Training Manager Trainee. Manager Training Specialist, Manager Trainee. It was an elegant solution and taught responsibility and worth - of self. The lessons carried the kids forward into adulthood. To other jobs where they were soon at the top of the heap.
    Reply | Permalink  
  • Posted by $ Genez 9 years, 10 months ago in reply to this comment.
    Entry level wages were never meant to be life long, "living" wages. For a long time it was understood that you STARTED there.. Then you put in time, effort, learning, etc, until you were capable of earning more.
    Reply | Permalink  
  • Posted by $ Genez 9 years, 10 months ago in reply to this comment.
    Exactly, it's about productivity. It's always about, what are you (or what you can produce), worth. If you want to make more, get trained, get educated, etc. so you are worth more. Those who embrace this don't have to worry about "minimum wage" because they are nowhere near it. If you break out my salary hourly (ave. 48 hrs a week), it's a little over $21 an hour. It's taken me a 4 yr degree and 25 years experience. But now I run basically $25M in business from a desk I sit at all day. I have 3 kids making 15-20 an hour and the 2 making closer to 10 are currently working on their 4 yr degrees. It just takes effort... But many people today don't believe in effort, only their "right" to earn more...
    Reply | Permalink  
  • Posted by term2 9 years, 10 months ago in reply to this comment.
    I have to say that the last time I went to California (and I used to live there), the picture I got was of a wealthy place on the surface but rotten inside. There is a lot of wealth still there, but its definitely rotting.

    When I first went to southern California in the mid 60's, it WAS the place to make ones fortune (which I did). Upbeat and fun to be there. I think later that moved to SF with the advent of the dotcom movement. But its gone from southern california.
    Reply | Permalink  
  • Posted by term2 9 years, 10 months ago in reply to this comment.
    Ayn Rand correctly understood- the only way to avoid statists is to withdraw ones talent and work from them.
    Reply | Permalink  
  • Posted by Mamaemma 9 years, 10 months ago in reply to this comment.
    My daughter visited a friend in CA recently, and she commented that everything was brand new and bustling and booming, and I said, really? California?
    Reply | Permalink  
  • Posted by Mamaemma 9 years, 10 months ago in reply to this comment.
    They show incredible creativity in creating more taxes, and they know there's nothing we can do but bite the bullet and pay up.........or Go Galt.
    Reply | Permalink  
  • Posted by term2 9 years, 10 months ago in reply to this comment.
    The mayor here in las vegas talked about broadening the tax base a few years ago. They ALREADY tax almost everything as it is !!! Its sickening that all they want is more money
    Reply | Permalink  
  • Posted by Mamaemma 9 years, 10 months ago in reply to this comment.
    And I pay property tax at my business not only on the building and land, bit also on the contents! Two separate bills. Then today I wrote a check to the city for my "occupation tax" so that I have the privilege of working. Grrrrrr!
    Reply | Permalink  
  • Posted by edweaver 9 years, 10 months ago in reply to this comment.
    You are so correct. There is only 1 winner in the minimum wage and that is the government.
    Reply | Permalink  
  • Posted by $ blarman 9 years, 10 months ago in reply to this comment.
    If there were a single course I would make every high schooler take it would be Economics 101 (microeconomics) followed by Economics 102 (macroeconomics). Maybe then people would begin to actually look at the implications of policy decisions. Until then...
    Reply | Permalink  
  • Posted by $ jdg 9 years, 10 months ago in reply to this comment.
    And let's not forget the handicapped. These laws really screw them, and I'm surprised they and their supporters haven't formed a counter-movement yet. This would be a good market segment in which to agitate for one.
    Reply | Permalink  
  • Posted by $ jdg 9 years, 10 months ago
    I believe these laws were passed for the express purpose of destroying the fast food industry and putting people on Welfare. And the proponents won't mind if it causes a bunch of Wal-Marts to close, too.
    Reply | Permalink  
  • Posted by ycandrea 9 years, 10 months ago
    Distorting entry level wage rates never works. It always evens out. Everything else goes up to accommodate it and the entry level wage earner is always at the bottom. This level of wage was never meant to gain everything higher earners have. It just does not work like that. It does not take a lot of brains to figure this out. It should be common sense.
    Reply | Permalink  
  • Comment hidden due to member score or comment score too low. View Comment
  • Posted by $ MichaelAarethun 9 years, 10 months ago in reply to this comment.
    Like the Luddites famous automatic weaving machines they will serve to advance the economy and create more jobs. But not for the uneducated.
    Reply | Permalink  
  • Posted by cjferraris 9 years, 10 months ago
    I've always said that a giraffe is a mouse made by committee (or government). The more people who don't know anything about anything will find ways to totally screw up the very thing they are trying to fix.
    Reply | Permalink  
  • Posted by $ Suzanne43 9 years, 10 months ago in reply to this comment.
    Gosh, why am I not surprised. Wish we could say that we told you so, but the Liberals will just blame another of their failed policies on everyone but themselves, and the liberal press will again cover for them. It wouldn't surprise me if they were to make the excuse that the minimum wage hike wasn't large enough and/or hasn't been in effect long enough. Oh, and throw in that it's George Bush's fault, too.
    Reply | Permalink  
  • Posted by $ Radio_Randy 9 years, 10 months ago
    All lies! This is just a push from Conservatives to forward their agenda!

    Right...just keep saying that as the lights go out, one after the other...

    Who is John Galt?
    Reply | Permalink  
  • Comment hidden due to member score or comment score too low. View Comment
  • Posted by $ MichaelAarethun 9 years, 10 months ago in reply to this comment.
    It's what the latinos often call ni modo or no way

    What we used to call the Oregon Work Ethic. Thanks for job I need the next two weeks off to go deer hunting and an advance. - having just been hired. Need over ability and need or availability mean a card with the Employment office address. Quid Pro Quo. they pretend to work I don't pretend to pay I just don't.

    $15 An hour will drive up prices in other ways. Some union contracts are based on minimum wage. Some extras such as workman's comp are based on minimum wage. the government caused the prices to go up. the government failed to add that to COLA the government can pay which means the taxpayer which means they get us anyway..Instead move the business out of the country and M2F the government. See how far they get taxing a nation full of greedy socialists on a year round hunting trip.

    As for the weak, lame, lazy and sick sleep riders. .....You took my health insurance I don't care about yours.
    Reply | Permalink  
  • Posted by $ Olduglycarl 9 years, 10 months ago
    Doubt it...liberals are deaf, dumb and blind, besides Cities are known to make the culture liberal also...ex. New York Values. (read disvalue)
    Reply | Permalink  
  • Posted by $ Thoritsu 9 years, 10 months ago
    So laughable that for a job returning $1/hr overseas, in the US it is mandated >$10/hr, and the only jobs left are non-outsourcable service jobs. Then they try to use the artificial barrier to hike up wages for menial labor, because the problem is that big business and technology (where the value is) are ripping off the lazy, unmotivated American people, and income inequality is the problem.

    The whole thing is so broken.

    Income inequality is the problem. The inequality between a waiter or garbage man between the US and Indonesia.
    Reply | Permalink  
  • Posted by $ Susanne 9 years, 10 months ago
    I have no problem with a $15 an hour minimum wage, IF the employee can give me $15 an hour work (which when you add taxes, obamacare, etc. is more like $24 an hour) that will net me no less that $120 an hour for their labor. Minimum. If you think I'm asking too much for your $15 an hour, or you can't make me the required $1000+ for your SOLID 8 hours of work a day, then I can't afford you, and have no work for you, and you best move on.

    Do the people protesting in the picture look like they'll give me an honest $1000+ (minimum) worth of work? Per day, EVERY day? My magic 8 ball says...

    "My sources say absolutely hell no"
    Reply | Permalink  

  • Comment hidden. Undo