Posted on Feb 4, 2019
When The Next Recession Hits, We'll See The Ugly Side Of $15 Minimum Wage Hikes
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Minimum Wage
Economy
Small Business
Business
Political Correctness
Posted 6 y ago
Responses: 6
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CW5 Jack Cardwell The last time I cared what minimum was it was in the neighborhood of $2.25. Minimum wage employment isn't designed to support a family. It's for HS students getting summer jobs. By the time you reach your early 20's you should have the KSA's to get employed at something higher than minimum. Because I took the time to learn a skill, during my lifetime, the only reason I was without a job for more than a week was when I wanted to take a break.$15/hour is ridiculous.
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LTC Eugene Chu
Minimum wage isn't about HS student summer jobs. Along with other countries also having it or starting it earlier, the US implemented it in 1938. It was an attempt to help factory workers and other laborers financially survive due to severe income inequality exacerbated by the Great Depression.
https://www.thedailybeast.com/five-things-you-didnt-know-about-the-minimum-wage
https://www.thedailybeast.com/five-things-you-didnt-know-about-the-minimum-wage
Five Things You Didn’t Know About the Minimum Wage
From what it takes to live on a minimum wage to who’s standing in the way of raising it, here are five key facts.
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LTC Stephen B.
No such thing as "income inequality", which is why fighting it always has negative consequences. The Great Depression was an unintended consequence of government using a heavy hand in a situation the market would have resolved in a year or two, instead of the decade plus that the government took. Just like the situation we're seeing now - 8 years of heavy-handed government drags out the effects of a recession to record lengths, while the market, once given the chance to work, resolves things almost immediately.
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This is stupid. Here in Virginia this is about what substitute teachers make and that requires 2 years of college. Our local supermarket is putting in more and more self serve checkout lines... i.e. less and less low skilled beginning jobs.
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CW5 Jack Cardwell
When you try to "force: things in the economy , bad things happen Lt Col Charlie Brown
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All pay and benefits are on a sliding scale. If $15 is the legal requirement, most pay will be raised for those with seniority or they will leave. However, the robotics industry appreciates this effort.
https://www.heritage.org/jobs-and-labor/report/union-members-not-minimum-wage-earners-benefit-when-the-minimumwage-rises
https://www.heritage.org/jobs-and-labor/report/union-members-not-minimum-wage-earners-benefit-when-the-minimumwage-rises
Union Members, Not Minimum-Wage Earners, Benefit When the MinimumWage Rises
Supporters of raising the minimum wage argue it will raise the earnings of low-income workers. Labor unions are among the most prominent of these supporters, a fact that makes little intuitive sense, because very few union members work for the minimum wage. Unions, however, are not just being altruistic when they push to raise the minimum wage.
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