https://www.reuters.com/article/us-u...-idUSKCN1UD2DV
McConnell will kill it, probably not even allow a vote
hmm, somewhat adjusted for inflation, but not for regional CoL, so typically stupid from ed-up Congress
The House just passed a $15 minimum wage. It would be the first increase in a decade.
The Raise the Wage Act would also tie future increases to changes in middle-class pay.
https://www.vox.com/2019/7/18/20697509/minimum-wage-bill-raise-the-wage-act
Boutons, real questio; what do you do for a living?
Stupid, dumb, dumb, dumb to not even do it on a federal level. Rural areas will be crushed. No point of even doing any kind of business, everyone would revert back to subsistence agriculture and everything else would be a luxury item. Get ready for the "everyday low prices" at Walmart to be a thing of the past.
It's DOA -- there's no "probably" about it. They should have at least tried to pass something more reasonable to put a tiny bit of pressure on the senate. Something more like $12 per hour.
Works for me, I ing hate Walmart and don’t go near the place.
Would destroy our economy. 3.7 million jobs would be lost. Also a $9 billion drop in real income.
Why? I don't get it. I don't get the stuck up preppy whites that would rather pay 50% extra for the same ing food at Tom Thumb or one of those overpriced places
bad bill imo. needs to be region specific. though i would be ok with a federal bill that indexes all minimum wages to inflation
and dumb politics. its basically large-scale grandstanding passing a bill they KNOW is doa in the senate, and even if 2/3 of the senate has a stroke and it passes, will get struck down by POTUS.
Why? I don't get it. I don't get the stuck up preppy whites that would rather pay 50% extra for the same ing food at Tom Thumb or one of those overpriced places
You are one low rent mother er.
Whole Foods is the pinnacle of course. Central Market is the overpriced version of HEB. Tom Thumb and Kroger are NOT on the same tier. Tom Thumb charges 30-50% more for the same amount of run-of-the-mill, non-organic stuff from Walmart, Kroger or Aldi. Kroger is just average I guess if Walmart is discount. Aldi is the best store IMO but their selection is very limited.
You are one low rent mother er.
You know a lot about economics, huh?
You don't have to have an advanced degree in economics to know that costs cause cutbacks, hole.
Good stuff. Thanks for your input.
It's pandering and a campaign talking point. That said, indexing minimum wage to inflation would be way more expensive than this bill in the long run. The current minimum wage already has seen a depreciation of ~20% since ins uted.
Only about 2.3% of the entirely hourly-paid employable population make minimum wage or less. That pretty much dismisses both the claims that this is going to bankrupt businesses or that it will economically lift the poor.
18 States Raised Minimum Wage, It Helped the Economy
Characteristics of minimum wage workers, 2017
Among those paid by the hour, 542,000 workers earned exactly the prevailing federal minimum wage of $7.25 per hour.
About 1.3 million had wages below the federal minimum.
Together, these 1.8 million workers with wages at or below the federal minimum made up 2.3 percent of all hourly paid workers.
https://www.bls.gov/opub/reports/min.../2017/home.htm
The other Capital big win on Labor was the Repugs raising the pay threshold for OT pay.
Capital ALWAYS rapes Labor and Repugs are their never-fail hired rapists.
$15, indexed, regionally CoL adjusted would help the people on the very bottom, after the oligarchy has helped itself to $Ts in tax breaks, tax cuts, subsidies.
Last edited by boutons_deux; 07-19-2019 at 08:12 AM.
Oh. So let’s look at it from the giveaway point of view.
Like a tax cut for big business.
It of course trickles back to the entire economy making up for lost revenue.
ing genius Spurter thinks economics and human behavior are straightforward.
There are no clear rules or complex situations containing many variables.
Economics is not hard science Einstein.
Last edited by pgardn; 07-19-2019 at 09:26 AM.
And the first paragraph may not touch all the unintended consequences
"grandstanding passing a bill"
Dems giving the Repugs chances to demonstrate how Repugs over their poor, low-ed, low-wage base.
I'm guessing you don't have kids. Wait until you need poster board and magic markers at 11:00 PM. Then you'll find some appreciation.
It's like the 61 times Ryan repealed the ACA.
walmart blows. whole foods is not the pinnacle, Gelsons and Bristal farms are way better.
big ing deal... it won't pass the senate and the house is full of re ed loons trying to ruin our economy by upping min wage for half-assed teen labor. say o to full automation in no time at all.
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