Ponderable

Hüsker Dü said:
Economists with the Institute for Research on Labor and Employment at the University of California-Berkeley have found similar results in studies of the six other cities that have raised their minimum wages in the past decade, and in the 21 states with higher base pay than the federal minimum. Businesses, they found, absorbed the costs through lower job turnover, small price increases, and higher productivity.

It’s the taxpayers who ultimately pick up the tab for low wages, because the government subsidizes the working poor.

Obviously, there’s a limit to how high you can raise the minimum wage without harming the economy, but evidence suggests we’re nowhere close to that tipping point. The ratio between the United States’ minimum wage and its median wage has been slipping for years—it’s now far lower than in the rest of the developed world. Even after San Francisco increases its minimum wage to $15 next year, it will still amount to just 46 percent of the median wage, putting the city well within the normal historical range.

The bigger threat to the economy may come from not raising the minimum wage. Even Wall Street analysts agree that our ever-widening income inequality threatens to dampen economic growth. And according to a new study by the UC-Berkeley Labor Center, it’s the taxpayers who ultimately pick up the tab for low wages, because the federal government subsidizes the working poor through social-service programs to the tune of $153 billion a year.

http://www.motherjones.com/kevin-drum/2015/04/economic-collapse-prediction-minimum-wage-raise/
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Looks like your mother jones article from 2015 is wrong....
See the new study by the University of Washington commissioned & paid for by the City of Seattle to ascertain what the $15.00 minimum wage actually did for the folks it was intended to help.
Here's the link again:
https://www.washingtonpost.com/amph...ether-a-15-minimum-wage-really-helps-workers/
 
Hüsker Dü said:
Says I have to pay to read the article, hmmmmm. I'm sure you suckers didn't mind paying.
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No it doesn't...
When Seattle officials voted three years ago to incrementally boost the city's minimum wage up to $15 an hour, they'd hoped to improve the lives of low-income workers. Yet according to a major new study that could force economists to reassess past research on the issue, the hike has had the opposite effect.

The city is gradually increasing the hourly minimum to $15 over several years. Already, though, some employers have not been able to afford the increased minimums. They've cut their payrolls, putting off new hiring, reducing hours or letting their workers go, the study found.

The costs to low-wage workers in Seattle outweighed the benefits by a ratio of three to one, according to the study, conducted by a group of economists at the University of Washington who were commissioned by the city. The study, published as a working paper Monday by the National Bureau of Economic Research, has not yet been peer reviewed.

On the whole, the study estimates, the average low-wage worker in the city lost $125 a month because of the hike in the minimum.

The paper's conclusions contradict years of research on the minimum wage. Many past studies, by contrast, have found that the benefits of increases for low-wage workers exceed the costs in terms of reduced employment -- often by a factor of four or five to one.


"This strikes me as a study that is likely to influence people," said David Autor, an economist at the Massachusetts Institute of Technology who was not involved in the research. He called the work "very credible" and "sufficiently compelling in its design and statistical power that it can change minds."
 
Wonder if the kiosks get $15.00 an hour?
McDonald's hits all-time high as Wall Street cheers replacement of cashiers with kiosks Tuesday, 20 Jun 2017 | 1:45 PM ET | 00:39
McDonald's shares hit an all-time high on Tuesday as Wall Street expects sales to increase from new digital ordering kiosks that will replace cashiers in 2,500 restaurants.

Cowen raised its rating on McDonald's shares to outperform from market perform because of the technology upgrades, which are slated for the fast-food chain's restaurants this year.

McDonald's shares rallied 26 percent this year through Monday compared to the S&P 500's 10 percent return.
http://www.cnbc.com/2017/06/20/mcdo...eers-replacement-of-cashiers-with-kiosks.html
 
Bernie Sanders said:
How much do you pay your employees?
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From 65K to 300K. i'm talking about common sense, not "studies." a person needs to make a living wage when they work for you full time. if you can't pay them, then you're a loser at operating your business, you should downsize or go work for someone else. so the question is, how much is that wage? it ain't much less than $15, if at all.
 
xav10 said:
From 65K to 300K. i'm talking about common sense, not "studies." a person needs to make a living wage when they work for you full time. if you can't pay them, then you're a loser at operating your business, you should downsize or go work for someone else. so the question is, how much is that wage? it ain't much less than $15, if at all.
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End of discussion.
 
xav10 said:
From 65K to 300K. i'm talking about common sense, not "studies." a person needs to make a living wage when they work for you full time. if you can't pay them, then you're a loser at operating your business, you should downsize or go work for someone else. so the question is, how according to their need much is that wage? it ain't much less than $15, if at all.
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Bull shit. Nobody that pays their employees that much money would post such nonsense
 
xav10 said:
So nobody wants to answer my question about a living wage, especially in a place like California?
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Get an education, learn a trade.
The cost of living in California is obscene.
Depending on where one lives in our great state, $45,000.00 a year still lands you at or under poverty level.
Working at the fast food counter asking if you want French Fries with your order, being unable to even count change back properly hardly commands $10.00 an hour much less $15.00.
The fact that mickey D's is placing kiosks, replacing 2500 workers, should tell you sumthin'.
 
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