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| Acmlm's Board - I3 Archive - General Chat - House passed minimum wage increase (to $7.25) |
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Xeo Belmont Wiiiiiiiiiiiiin                     Since: 11-17-05 Last post: 6279 days Last view: 6279 days |
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Cool beans? |
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Shadic The Adventure of Link Perfect Member Since: 11-18-05 From: Olympia, Washington Last post: 6286 days Last view: 6282 days |
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| Already above $7.25 over here in Washington.
It is a good thing it went up, I'd like to see somebody live alone for that much without working 18 hours a day or something. It is to be expected that Washington is going to raise it again soon. |
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NSNick Gohma IF ALL ELSE FAILS USE BOOZE  Since: 11-17-05 From: Last post: 6281 days Last view: 6281 days |
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Ohio's just got raised from federal minimum ($5.15) to $6.85, which was nice. If only this happened back when I worked at the dorm front desk.  |
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Sweet Kassy Molassy Out of ice cream and PB. Would KILL for a milkshake right now.  Since: 06-17-06 From: LoozeeAnna Last post: 6280 days Last view: 6280 days |
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| Good thing? Really?
Nope. Minumum wage goes up. In response, prices go up. They'll have to. Simple economics. Which evens out for the people who are making minumum wage, but is bad for the people who make above minimum, as thier wages will likely not increase so much. And very bad for people on salary, who will likely see NO increase in income. Last place I worked? If they raised everyone's pay by that much and didn't charge more they'd be in the red. Problem is, if they raised prices much people would be pissed. There's a lag between inflation and peoples' perceptions of how much things should cost. So yeah... I disagree with raising minimum wage. And I've worked for it so I'm allowed to have that opinion =P If you wanna make more than the current minimum wage you either do something that pays more or you work somewhere and do well and get raises. You can pay for college, rent, bills, food, and cable internet on minimum wage or just above. If I can have a nasty Transformers habit and still make it, so can anyone else (who doesn't have kids...but people who have kids when they can't afford them are irresponsible anyway.) *edit* spelling (edited by Kasdarack on 01-11-07 03:30 AM) (edited by Kasdarack on 01-11-07 03:46 AM) |
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Ziff B2BB BACKTOBASICSBITCHES Since: 11-18-05 From: A room Last post: 6279 days Last view: 6279 days |
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| Wow, your economics prof. must have LAUGHED at every diagram you drew. Worst analysis. Ever. | |||
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Sweet Kassy Molassy Out of ice cream and PB. Would KILL for a milkshake right now. Since: 06-17-06 From: LoozeeAnna Last post: 6280 days Last view: 6280 days |
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| It may be a shit analysis. It was definately hastily thought out and typed.
But you can't tell me that if min wage goes up that prices won't also go up. Because that would be bullshit. My econ prof. wouldn't have laughed at that. And if you're gonna blast my analysis, do so by discrediting my points, not just saying "wow, that's dumb." Otherwise you're not adding anything worthwhile to the thread. |
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emcee Red Super Koopa Since: 11-20-05 Last post: 6280 days Last view: 6279 days |
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| Those on minimum wage make such a small percent of the total money earned, that a 40% or so increase in their wages should have little effect on prices when compared to most other factors.
Inflation has outpaced the minimum wage since the sixties. |
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Ailure Mr. Shine I just want peace...  Since: 11-17-05 From: Sweden Last post: 6280 days Last view: 6279 days |
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| Woah, that's still low by Swedish standards. No wonder the gap between rich and poor. Though we don't really have a minimum wage laws in Sweden... we do have obligatory unions.
And no, groceries aren't really that expensive here. They calculated how many hours you needed to work for a bag of food, which took into account how much people earned and how expensive groceries are. Sweden was the country that needed the least workhours... (edited by Ailure on 01-11-07 09:22 AM) (edited by Ailure on 01-11-07 09:24 AM) |
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Randy53215 Melon Bug Since: 11-17-05 From: Greenfield, Wisconsin (U.S.A) Last post: 6280 days Last view: 6279 days |
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Originally posted by Kasdarack The prices would work themselves in, but I don't think the minimum wage increase would raise prices high with it.. Example... Before: Minimum Wage: $6.50 Meal: $4.00 After: Minimum Wage: $7.25 Meal: $4.20 Not to mention this minimum wage is going to happen over 2 years. I'm for it.  |
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Dr_Death16   970 Since: 05-07-06 From: Iowa Last post: 6279 days Last view: 6279 days |
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| I disagree, especially with such a large rise in the minimum wage. Rises in the minimum wage decrease on-the-job training, weakening the amount of skilled workers in the job market, simple fact. Also, it helps encourage hiring illegal workers at a wage lower than the minimum because an illegal won't be very apt to rat the company out or know the laws. Guess what? A minimum wage is supposed to help the people near poverty level; people like single-parent mothers working their asses off to stay alive. In all actuality, this has been studied and it is more likely that someone like a secondary wage earner in a multi-income earning household would get one of these new minimum wage jobs, like some random wife in a relatively wealthy household who wants a job. Hardly helping the impoverished. I see no point in it, at all, if it isn't significantly benefiting the people who need it most, those inner-city mothers and people in similar poverty-level situations. Also, economics people might remember that minimum wages are price floors in the labor market, which in principle, causes a surplus of labor offered by the people (unemployment, in other words). Eventually, the labor market is paying for less work, may it be less total hours offered or just plain less jobs kept.
Clinton, in a stroke of good thinking, gave states and even individual cities the ability to raise the minimum wage for themselves on a case-by-case basis. I think that was sufficient, this new law is both unnecessary and counterproductive. |
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jeff Double metal axe  Since: 11-17-05 Last post: 6280 days Last view: 6280 days |
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Originally posted by Kasdarack keep in mind who you are talking to  |
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Ziff B2BB BACKTOBASICSBITCHES Since: 11-18-05 From: A room Last post: 6279 days Last view: 6279 days |
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| Because that is not how inflation or cost of living work
I'm for a high minimum wage because it makes it easier for the working class to lift itself out of it. It allows more upward social mobility and in cases of downward movements, people can get back up. |
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Danielle  6730 Administratorrrr HELLO THERE   Since: 11-17-05 From: California Rate me ^_^ Last post: 6280 days Last view: 6279 days |
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I thought it was raised to $7.92 this year in Cali  Is this $7.25 just for your state?
I'm still at 7.75 so I should ask my manager  |
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Randy53215 Melon Bug Since: 11-17-05 From: Greenfield, Wisconsin (U.S.A) Last post: 6280 days Last view: 6279 days |
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| Dani it was federal so every state will have to have $7.25 or more an hour. | |||
Hiryuu Sword Maiden Retired Admin  Since: 11-17-05 From: Nerima District - Tokyo, Japan Last post: 6280 days Last view: 6280 days |
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| Arkansas just went to 6.25 up from 5.15 in October of last year.
That'll be nice news for them. :\ |
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BooUrns Buster Beetle  Since: 05-07-06 From: The CS Last post: 6281 days Last view: 6281 days |
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| Illinois just raised it from $6.50 to $7.50 a few weeks ago, but it won't go into effect until June.
I know nothing about economics, so no comment here about how good or bad it is. |
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Sweet Kassy Molassy Out of ice cream and PB. Would KILL for a milkshake right now. Since: 06-17-06 From: LoozeeAnna Last post: 6280 days Last view: 6280 days |
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Originally posted by Dr_Death16 I agree with you, sir. Min wage here is $5.15 still. $2.10 per employee per hour is a HUGE increase. In order to keep costs down, businesses here that aren't hugely corporate are gonna cut manpower or quality or SOMETHING to even it out. And yes, illegal immigrant workers are a big problem here in the South. Not so bad here in Louisiana as it is to the West... but worse than you might think. Any extra incentive to grab a few is a bad thing. Originally posted by Ziff Upward social mobility at $7.25 an hour? I don't think so. Not unless you scrounge and then get lucky with investments. Skilled labor pays much more than that and still offers little opportunity for upward social mobility. (edited by Kasdarack on 01-11-07 10:21 PM) |
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Ziff B2BB BACKTOBASICSBITCHES Since: 11-18-05 From: A room Last post: 6279 days Last view: 6279 days |
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| It increases it. Many nations with a lot of social ability have good minimum wages. It allows someone to go to a good college more easily and work less hours to get the same amount of pay. Which is important if you want to have a society that has that social mobility that everyone seems to caw on about. | |||
SamuraiX Broom Hatter Since: 11-19-05 Last post: 6280 days Last view: 6281 days |
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| One cannot just use simple economics diagrams to describe such a multi-faceted change as a increase in wages. There are other factors to consider, such as those that Dr_Death16 considers, . The change in minimum wage is likely a response to the decreasing real wage value, not the other way around. And companies don't have to increase the prices necessarily, just find somewhere to reduce costs, by reducing employee benefits or something. I still agree with most of what Ziff says though. Even if this increase causes a decrease in real output--which I don't even think is the case, is it not "worth it" if human wellbeing or social mobility is increased? | |||
Anya  Since: 11-18-05 From: South Florida Last post: 6283 days Last view: 6281 days |
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| This just means that I get to hire less people for the holiday season next year and I'll get to fire more people after holiday season.
I mean, payroll hours are already tight in my store and throughout others in the company, this is only going to make it worse. Right now I only have 86 hours to spread across two other key holders/managers and four part-timers. And I try to give my assistant at least 35 hours per week, so if you're lucky if you get one day a week. And next week, with a holiday and a midnight release of the WOW expansion, they give me 90 hours to work with, heh, thanks a lot (good thing my 50 hours a week do not count). So yea, I think this whole min wage thing is bad. Soon enough, I'd want to quit my job and get a min wage job b/c the pay would be better (kidding of course). Meh, but whatcha gonna do, right? |
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