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Why do people want minimum wage increased?


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People who aren't born on 3rd base, who are slow/dumb, too disabled for other more labor-intensive jobs, are older/retired but still have a need for more income, have bad luck, have low motivation, et

Alright then. I will take you seriously and give you the answers here. You mention differing opinions in another post, but the problem is not a lack of respect for a differing idea--it is that your id

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3 hours ago, IsntLifeFunny said:

Link

 

https://www.cnbc.com/2021/02/08/raising-minimum-wage-to-15-would-cost-1point4-million-jobs-cbo-says.html

https://www.washingtonpost.com/business/2021/02/08/minimum-wage-hike-15-an-hour-by-2025-would-result-14-million-unemployed-nonpartisan-congressional-budget-office-says/

 

Key points:

A rise in the minimum wage to $15 an hour would lead to the loss of 1.4 million jobs by 2025, the Congressional Budget Office said.

In addition to the job loss, the CBO estimated that 900,000 people would be lifted out of poverty.

 

Starkiller doesn't know what he's talking about.

 

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On 3/4/2021 at 12:06 PM, NashvilleNinja said:

 

People who aren't born on 3rd base, who are slow/dumb, too disabled for other more labor-intensive jobs, are older/retired but still have a need for more income, have bad luck, have low motivation, etc all need a livable wage too.

 

I hit like 4/7 out of these criteria! 

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Big business always wrings their hands when there is talk of raising the minimum wage. And then when it actually does go up, the apocalypse is magically averted. 
 

Seattle managed to raise their minimum wage to $15/hr and it has worked out fine (not that it’s perfect for everyone)

https://www.cnbc.com/2020/01/02/seattle-passed-a-15-minimum-wage-law-in-2014-heres-how-its-turned-out-so-far.html

https://www.vox.com/the-highlight/2019/7/13/20690266/seattle-minimum-wage-15-dollars

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Pitch Fork economics had some recent podcast on the myths about raising the minimum wage and all the supposed doom that would come with it. 

 

Basically it's all lies and bullshit. 

 

 

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Here's a link the US Bureau of Labor Statistics page that provides some insight and statistical analysis of American workers who are earning at or below the federal minimum wage as of 2020.

 

https://www.bls.gov/opub/reports/minimum-wage/2020/home.htm

 

 

Age:    Minimum wage workers tend to be young. Although workers under age 25 represented just under one-fifth of hourly paid workers, they made up 48 percent of those paid the federal minimum wage or less. Among employed teenagers (ages 16 to 19) paid by the hour, about 5 percent earned the minimum wage or less, compared with 1 percent of workers age 25 and older. 

 

Gender:   Among workers who were paid hourly rates in 2020, 2 percent of women and 1 percent of men had wages at or below the prevailing federal minimum. 

Race and Hispanic or Latino ethnicity. The percentage of hourly paid workers with wages at or below the federal minimum differed little among the major race and ethnicity groups. About 2 percent of Black workers earned the federal minimum wage or less. Among White, Asian, and Hispanic workers, the percentage was about 1 percent. 

 

Education:    Among hourly paid workers age 16 and older, about 2 percent of those without a high school diploma, high school graduates (no college), and those with some college or an associate degree earned the federal minimum wage or less, compared with 1 percent of those with a bachelor's degree and higher.

 

Marital status:    Among workers paid an hourly wage, those who were never married were more likely than married workers to earn the federal minimum wage or less (about 3 percent versus about 1 percent). 

 

Full- and part-time status.    About 4 percent of part-time workers (people who usually work fewer than 35 hours per week) were paid the federal minimum wage or less, compared with about 1 percent of full-time workers.

 

Occupation.     Among major occupational groups, service occupations had the highest percentage of hourly paid workers earning at or below the federal minimum wage, at about 5 percent. Seven out of ten workers earning the minimum wage or less in 2020 were employed in service occupations, mostly in food preparation and serving related jobs. 

Industry. As has historically been the case, the industry with the highest percentage of workers earning hourly wages at or below the federal minimum wage in 2020 was leisure and hospitality (about 8 percent). Three-fifths of all workers paid at or below the federal minimum wage were employed in this industry, almost entirely in restaurants, bars, and other food services. For many of these workers, tips may supplement the hourly wages received. 

 

State of residence.  The states with the highest percentages of hourly paid workers earning at or below the federal minimum wage were in the South: about 4 percent for South Carolina and about 3 percent for Alabama, Louisiana, Mississippi, and Virginia. Compared with recent years, a relatively large number of states had less than 1 percent of hourly paid workers earning at or below the federal minimum wage: California, Colorado, Hawaii, Minnesota, Montana, Nebraska, Nevada, Oregon, Vermont, and Washington. It should be noted that more than half of all states have minimum wages that exceed the federal minimum. 

 

 

 

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The minimum wage argument takes away from the fact what people really need is a living wage period. We need a jobs program and wage increases across the board with better benefits for people. 

 

It's done in other countries and could easily be done here. 

 

 

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7 hours ago, OILERMAN said:

The minimum wage argument takes away from the fact what people really need is a living wage period. We need a jobs program and wage increases across the board with better benefits for people. 

 

It's done in other countries and could easily be done here. 

 

 

The rest of the world is full of goddamn socialists! This is America!!!

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23 minutes ago, wiscotitansfan said:

The rest of the world is full of goddamn socialists! This is America!!!

 

The American way was built on the backs of slaves and low-wage commoners sacrificing life and limb in the name of power and profitability for billionaire robber baron overlords....and god-damned if anyone will ever take that away from us!

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DC has a min wage of $15 and VA starts a 5 year incremental phase in from $7.25 to $15 in May 2021. Plenty of states have started down this path already.

 

The hourly minimum wage in Virginia will increase to $9.50 beginning May 1, 2021, to $11.00 on January 1, 2022, and to $12.00 on January 1, 2023.

The increases to $13.50 on January 1, 2025, and $15.00 on January 1, 2026, will be contingent on the General Assembly’s enactment by July 1, 2024.

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On 3/5/2021 at 2:49 PM, Starkiller said:

Big business always wrings their hands when there is talk of raising the minimum wage. And then when it actually does go up, the apocalypse is magically averted. 
 

Seattle managed to raise their minimum wage to $15/hr and it has worked out fine (not that it’s perfect for everyone)

https://www.cnbc.com/2020/01/02/seattle-passed-a-15-minimum-wage-law-in-2014-heres-how-its-turned-out-so-far.html

https://www.vox.com/the-highlight/2019/7/13/20690266/seattle-minimum-wage-15-dollars

 

Yeah, companies obviously would prefer to pay their workers as little as possible regardless of the economic realities or moral implications.

 

The economic theory does not always line up with what empirical research shows actually happens when the minimum wage is raised. Conservative economists (who are more free market fundamentalists) tend to rely more on the theory than on empirical research (like in Seattle) and so their predictions about the consequences of raising the minimum wage tend to overstate the negatives and understate the benefits.

 

Finally, some conservative politicians also believe as a matter of ideology that you should not make poor people comfortable because then they will not learn to become self-sufficient. This is the Paul Ryan/Mike Pence stance. It also intersects with Ayn Rand's philosophy which you see in Mitt Romney "makers and takers" rhetoric. So to them it's actually immoral to raise the minimum wage.

Edited by Titans279
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On 3/3/2021 at 11:17 AM, NFL2K5 said:

Imo that would be stupid and pointless and one of the worse things for this nation financially. I honestly wonder why people don't look at the long run. First of all some of these smaller companies wouldn't be able to afford and mandated minimum wage increase. Then people think prices will stay the same? There will be an increase in price on goods and cost of living. And while I commend anybody who works an honest 9-5 no matter the capacity...A Job at a fast food joint or convenient store should be mostly for High school kids and young adults imo. If you wanna make more money then take the proper steps to make more money. It's not like you don't have the freedom to do so. Not making enough is a nice incentive for people to be compelled to do better in life. Not be content with working a job at McDonald's or Dollar General...Although they are respectable jobs.

You are kidding, right? If you give the workers a livable wage there will be less dependence on the government. Smaller and larger companies alike will pass the increase on to the market so yes the price of your Big Mac will go up a quarter or so, small price to pay. If wages are too low there needs to be a market adjustment anyways, it's been too long. This is really pretty simple economics 101.

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