Posted on 11/13/2015 5:00:26 AM PST by expat_panama
The "Fight For $15" minimum-wage campaign demand might seem clear as day, but there's more than meets the eye — over $3 an hour more. Once all the nonwage costs, including payroll taxes, paid sick leave and the big one — ObamaCare's employer mandate — are added to the $15 base wage, minimum compensation for a full-time worker could rise as high as $18.55 an hour by 2020, an IBD analysis finds. It would be a jump of $10.75, or 138%, above the current $7.25 federal minimum and associated social insurance taxes.
Wages and social insurance taxes would add $8.34 an hour. A week of paid sick leave...
*****
Fast-food workers from chains including McDonald's (NYSE:MCD), Restaurant Brands International (NYSE:QSR)-owned Burger King and Yum Brands (NYSE:YUM)-owned KFC joined the walkout Tuesday. ...
*****
Outsourcing The Safety Net
Even a single mom with two children who works full-time at a minimum-wage job would no longer qualify for Medicaid — even factoring in ObamaCare's eligibility expansion to 138% of the poverty level. A single adult who works just...
*****
Critics of America's biggest retailer and largest private employer say that management, not higher wages, bears the blame for its woes. But companies in hyper-competitive markets need room for error, or else they may bleed jobs.
And if Wal-Mart is struggling...
*****
ObamaCare Mandate Costs Ignored
Those pushing for a $15-an-hour minimum wage have cited a host of research to dismiss concerns that it will have a big negative impact...
*****
The Congressional Budget Office came to a different conclusion, finding that the ObamaCare employer mandate would exacerbate the impact of a minimum-wage hike. It estimated that a minimum-wage hike to $10.10 an hour could cost 500,000 jobs...
*****
Those adjustment costs might include adding labor-saving technology such as fast-food kiosks.
(Excerpt) Read more at news.investors.com ...
Why don’t they just ask for $60 an hour while they are at it.
Or 100 dollars? Why not 10,000? Hell, just pay everyone 1 million dollars an hour and nobody will be poor anymore!
What’s the deal with politicians and pundits using the “single mom with x kids” scenarios? Where’s the father? And why isn’t the scenario a single father with two kids??
Good morning! It's Friday and time to rise, shine, and hide. Distribution day yesterday of hefty drops in rising volume looking today at flat/down futures. Couple that w/ how gold/silver's now going at $1,085/$14.35 (metals futures are bad too) we really need to think about how much more our dollars will later than now.
More chaos from reports---
--and headlines:8:30 AM PPI
8:30 AM Core PPI
8:30 AM Retail Sales
8:30 AM Retail Sales ex-auto
10:00 AM Mich Sentiment
10:00 AM Business Inventories
10:30 AM Natural Gas Inventories
Europe Is Screwed If This Is As Good As It Gets - Mike Bird, Biz Insider
The Economy's Better: Why Don't Voters Believe It? - Ben Casselman, 538
The World Economy: The Never-Ending Story - The Economist
Why the Fed Is the Stock Market's Enemy Right Now - Jim Cramer, TS
The Big Problem with Low Interest Rates - Satyajit Das, MarketWatch
How to Fix Global Growth - Robert Johnson, Morningstar
How Republicans Would Really Run the Fed - Jonathan Bernstein, BV
Oil Heads Back to the Thirties - Liam Denning, Bloomberg View
This is going to get exponentially worse in the near future. Our kids are entering the work force with fewer and fewer valuable skills and automation is becoming more and more advanced. There will literally be no work for a lot of people and there will be no money to pay them a “living wage” for doing nothing. The system has to implode.
Might not be a bad thing.
It’s the democrat party that has created that scenario. They have destroyed families, ensnared them to be dependent on welfare, food stamps, govt. housing, etc,etc.
And now they want everybody to believe that the minimum wage was designed to support a family of four. It was never intended to do that. Minimum wage jobs are for those just entering the workforce. If they want to stay at that level, well...that’s THEIR problem.
As usual, the government creates a problem, then after it fails they want you to believe that they can fix it.
These selfish pikers are only demanding $18.55 per hour??? How disgusting. If they really cared about others, they would demand each person be given a printing press with unlimited paper & ink.
Sounds like all that’s needed then is a maintenance guy to keep the system running smooth. He’ll qualify for $15 per hour. Imagine... no more self-entitled whining or other attitudinal problems in the workplace. A nice, smooth-running operation.
Will the machines put a drop of oil on your burger in response to customer rudeness? How will sh’qwerzl go ballistic on the machines? Will she jump the counter and stomp them?
I really, really want to go to find one of these protests, and go up and congratulate the leaders on their bravery, and tell them that I support their movement 110%. And then say “The reason I support you is, my company manufactures automated food production equipment, and you people are going to make me a millionaire”.
Once they’ve shut down all American business, they’ll be screaming for increases in welfare payments.
Surprise! There won’t be anyone to pay the taxes necessary to give it to them.
Ignorant Marxist ass-clowns.
Yep, you guys have the front end and kitchen covered in fast food stores.
In the Bay Area, KFC is advertising delivery of their food.
Amazon will get into the food delivery/order business in many areas.
Smart phones will enable customers to order and pay for their food. The customers will opt to be able to get delivery or pickup of their order.
Uber drivers will probably get into this growing business.
“In the Bay Area, KFC is advertising delivery of their food”
Do you live there? I grew up in Vallejo in the late ‘60s and early ‘70s.
BTW, remember when Chicken Delight delivered?
She'll sit on them.
I was just going to post that one! :)
I feel sorry for the younger generation coming up. No skills, but all the, ‘feeeeeeeelings’ of ENTITLEMENT in the world! Not a good combination when an employer is looking at your resume. Also not good for the employer.
These past five years have been tough finding really good help; but I also work in Liberal La-La-Land. *Rolleyes*
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.