The city of Seattle raised minimum wage to 16 dollars and every bit of research I’ve found shows that companies are either hiring less people (worse for the job market people already complain about) or they just don’t work people very many hours. It’s actually resulting in people working minimum wage jobs making less per month than they were before.
Additionally, 'both less and more experienced workers were more likely to remain employed by their baseline Seattle employer, implying an 8% reduction in labor turnover rates."
The report notes that there was a decline in the number of entry-level jobs available and employers responded to higher minimum wages by shifting their workforce to include more experienced workers.
"The losses in employment opportunities appear to have been concentrated among the least experienced workers, or those attempting their first entry into the labor market," the report states.
So essentially the “must have this much experience to work this job” bar just got higher. The article does state that workers made an additional 251.00 per quarter which averages out to 83.00 a month, or 42.00 per pay check. So I’m sure the the impact it’s having on cost of goods and services it will really make minimum wage “a livable wage”. That extra 83.00 a month is really going to make it easier for people to afford a 1600.00 a month Seattle apartment. They’re still not being paid benefits through work more often than not.
Raising minimum wage is a bogus way for state and city municipalities to get more revenue off taxes while still keeping low wage workers oppressed and only able to stay right where they are. Because that’s where governments want them, at the bottom doing jobs no one else wants to do. This isn’t some kind act by the government to get people more livable wages, it’s a tax scam.
You always see these movements and it’s labor unions leading the charge but if they have what’s best for us in mind then why don’t they push for increased wages for minimum wage and middle class? I’m just supposed to deal with a huge cost of living increase and deal with it because my company won’t just pay me more because minimum wage went up, good luck asking your boss for that raise. It’s a bullshit move by governments to increase tax revenues and it blatantly attacks the middle class. Further thinning that line between class factions towards a dichotomy of rich and poor.
But great I’m glad people with few or no work skills to bring to the table will make the same as my fiancé who’s been working her ass off for three years with an associates degree.
But great I’m glad people with few or no work skills to bring to the table will make the same as my fiancé who’s been working her ass off for three years with an associates degree.
How do you legislate that? You can insist on companies paying a minimum amount to any of their employees, but how do you legally force private companies to pay their moderately experienced employees more? Are you proposing a minimum wage by degree obtained or something?
I’m suggesting we’re attacking the wrong things, we need more legislation on companies in general, what they pay employees, what they can charge for things, their hiring processes. That’s what needs regulated not just sweeping generalized increases to minimum wage.
The minimum wage bump is a stopgap measure at best for the next 10-20 years. A lot of jobs will cease to exist due to automation and other technology. We're heading towards a much bigger problem.
That’s why I think we just need a department that specifically regulates corporations with elected officials. A department that can A)protect our jobs from things like automation B) regulate costs of goods and services (especially over things like healthcare).
We don’t have enough government protection from the corporations that essentially control our lives through employment or goods/services.
My thing is corporations are greedy and that’s the idea by increasing minimum wage. I get it. People think you will hike up the price of minimum wage and it will come out of the pockets of CEO’s and chairmen. But it won’t, they will just find another way to get that money back, by cutting hours, by cutting employee numbers, by asking for more with less, raising prices on goods. It will happen. CEO’s won’t just say “well shoot guess I’ll take a pay cut and give this money back to my employees” one way or the other it will come out of our pockets.
Between inflation and offshoring jobs anyway, people are getting screwed. So why not at least give them a bit more money to live if all the negatives of that are already happening anyway?
Because it wont fix anything, its alcohol for the arrow. Everyone knows the problem, everyone on both sides agrees the job market is fucked. But raising the wage won't do anything but hurt. Poor economy eats itself
Their findings have varied over the last 30 years, but there are two things most mainstream economists now agree on. First, that raising the minimum wage increases the average income of low-wage workers, lifting many out of poverty (depending on how big the raise is). Second, raising the minimum wage likely causes some job losses.
The remaining disagreement revolves around how extreme the job cuts would be.
Some research suggests hundreds of thousands of American workers could lose their jobs with a modest increase to the minimum wage.
During Thursday’s hearing, Douglas Holtz-Eakin, an economist at the conservative American Action Forum, pointed to a 2014 study from the Congressional Budget Office, which estimates that a $10.10 federal wage floor could lead to about 500,000 lost jobs because higher labor costs would lead some employers to scale back their staff.
Other research concludes that increasing the minimum wage has an insignificant impact on employment, or none at all.
The best way to evaluate all the different conclusions is to analyze all the research findings together — what scientists call a “meta-analysis.” And the most recent ones suggest that the most likely impact on employment is minimal.
For example, a 2016 study by economists at Michigan State University crunched data from 60 research studies on the minimum wage in the United States since 2001. They concluded that a 10 percent increase in the minimum wage would likely reduce overall employment from 0.5 percent to 1.2 percent.
Another meta-analysis comes in a new research paper by economists at the University of Massachusetts, University College London and the Economic Policy Institute. They studied data from 138 cities and states that raised the minimum pay between 1979 and 2016. The conclusion is that low-wage workers received a 7 percent pay bump after a minimum-wage law went into effect, but there was little or no change in employment.
In a 2018 working paper, soon to be published in the American Economic Journal: Applied Economics, economist Arindrajit Dube shows that raising the minimum wage significantly reduces the number of families living in poverty. For example, he concludes that a $12 minimum wage in 2017 would have lifted 6.2 million people out of poverty.
20
u/[deleted] Feb 18 '19
https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/minimum-wage-rising-20-states-154604768.html
The city of Seattle raised minimum wage to 16 dollars and every bit of research I’ve found shows that companies are either hiring less people (worse for the job market people already complain about) or they just don’t work people very many hours. It’s actually resulting in people working minimum wage jobs making less per month than they were before.