(Link to AcmlmWiki) Offline: thank ||bass
Register | Login
Views: 13,040,846
Main | Memberlist | Active users | Calendar | Chat | Online users
Ranks | FAQ | ACS | Stats | Color Chart | Search | Photo album
11-01-24 12:55 AM
0 users currently in General Chat.
Acmlm's Board - I3 Archive - General Chat - House passed minimum wage increase (to $7.25) New poll | |
Pages: 1 2 3Add to favorites | Next newer thread | Next older thread
User Post
Xeo Belmont

Wiiiiiiiiiiiiin








Since: 11-17-05

Last post: 6465 days
Last view: 6465 days
Posted on 01-11-07 08:50 AM Link | Quote
Article

Cool beans?
Shadic

The Adventure of Link
Perfect Member








Since: 11-18-05
From: Olympia, Washington

Last post: 6471 days
Last view: 6467 days
Skype
Posted on 01-11-07 09:03 AM Link | Quote
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.
NSNick

Gohma
IF ALL ELSE
FAILS USE FIRE
BOOZE








Since: 11-17-05
From:

Last post: 6467 days
Last view: 6467 days
Skype
Posted on 01-11-07 09:11 AM Link | Quote
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.
Sweet Kassy Molassy
Out of ice cream and PB. Would KILL for a milkshake right now.








Since: 06-17-06
From: LoozeeAnna

Last post: 6465 days
Last view: 6465 days
Posted on 01-11-07 09:27 AM Link | Quote
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)
Ziff
B2BB
BACKTOBASICSBITCHES


 





Since: 11-18-05
From: A room

Last post: 6465 days
Last view: 6465 days
Posted on 01-11-07 09:49 AM Link | Quote
Wow, your economics prof. must have LAUGHED at every diagram you drew. Worst analysis. Ever.
Sweet Kassy Molassy
Out of ice cream and PB. Would KILL for a milkshake right now.








Since: 06-17-06
From: LoozeeAnna

Last post: 6465 days
Last view: 6465 days
Posted on 01-11-07 09:57 AM Link | Quote
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.
emcee

Red Super Koopa


 





Since: 11-20-05

Last post: 6465 days
Last view: 6465 days
Posted on 01-11-07 10:01 AM Link | Quote
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.
Ailure

Mr. Shine
I just want peace...








Since: 11-17-05
From: Sweden

Last post: 6465 days
Last view: 6465 days
Posted on 01-11-07 03:21 PM Link | Quote
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)
Randy53215

Melon Bug


 





Since: 11-17-05
From: Greenfield, Wisconsin (U.S.A)

Last post: 6465 days
Last view: 6465 days
Skype
Posted on 01-11-07 03:34 PM Link | Quote
Originally posted by Kasdarack
It may be a shit analysis. It was definitely 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.


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.
Dr_Death16

970


 





Since: 05-07-06
From: Iowa

Last post: 6465 days
Last view: 6465 days
Posted on 01-11-07 04:41 PM Link | Quote
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.
jeff

Double metal axe








Since: 11-17-05

Last post: 6465 days
Last view: 6465 days
Skype
Posted on 01-11-07 04:44 PM Link | Quote
Originally posted by Kasdarack
onna 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.

keep in mind who you are talking to
Ziff
B2BB
BACKTOBASICSBITCHES


 





Since: 11-18-05
From: A room

Last post: 6465 days
Last view: 6465 days
Posted on 01-11-07 07:46 PM Link | Quote
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.
Danielle

6730
Administratorrrr
HELLO THERE









Since: 11-17-05
From: California
Rate me
^_^

Last post: 6466 days
Last view: 6465 days
Skype
Posted on 01-11-07 10:25 PM Link | Quote
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
Randy53215

Melon Bug


 





Since: 11-17-05
From: Greenfield, Wisconsin (U.S.A)

Last post: 6465 days
Last view: 6465 days
Skype
Posted on 01-12-07 02:54 AM Link | Quote
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: 6465 days
Last view: 6465 days
Posted on 01-12-07 03:26 AM Link | Quote
Arkansas just went to 6.25 up from 5.15 in October of last year.

That'll be nice news for them. :\
BooUrns

Buster Beetle








Since: 05-07-06
From: The CS

Last post: 6466 days
Last view: 6466 days
Posted on 01-12-07 04:13 AM Link | Quote
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.
Sweet Kassy Molassy
Out of ice cream and PB. Would KILL for a milkshake right now.








Since: 06-17-06
From: LoozeeAnna

Last post: 6465 days
Last view: 6465 days
Posted on 01-12-07 04:17 AM Link | Quote
Originally posted by Dr_Death16
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.


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
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.


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)
Ziff
B2BB
BACKTOBASICSBITCHES


 





Since: 11-18-05
From: A room

Last post: 6465 days
Last view: 6465 days
Posted on 01-12-07 04:34 AM Link | Quote
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: 6465 days
Last view: 6466 days
Posted on 01-12-07 04:46 AM Link | Quote
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: 6468 days
Last view: 6466 days
Skype
Posted on 01-13-07 04:24 AM Link | Quote
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?
Pages: 1 2 3Add to favorites | Next newer thread | Next older thread
Acmlm's Board - I3 Archive - General Chat - House passed minimum wage increase (to $7.25) |


ABII

Acmlmboard 1.92.999, 9/17/2006
©2000-2006 Acmlm, Emuz, Blades, Xkeeper

Page rendered in 0.392 seconds; used 454.09 kB (max 589.10 kB)