Does cutting off the bottom rungs of a ladder cause inability to climb it?
Posted on 06/22/2021 4:29:32 AM PDT by Kaslin
Does raising the minimum wage cause job loss? It's a complicated issue, with such factors as economic growth, economic justice, income, the deficit, fairness, inflation, poverty, inequality, the work ethic, and eligibility for benefits thrown in to cloud the picture.
As Jack Kelly wrote, it is an issue fraught with unintended consequences. He cited a 2019 study by the Congressional Budget Office:
"Increasing the federal minimum wage would have two principal effects on low-wage workers. For most low-wage workers, earnings and family income would increase, which would lift some families out of poverty. But other low-wage workers would become jobless, and their family income would fall -- in some cases, below the poverty threshold."
Similarly, J.B. Maverick at Investopedia says:
"Raising the federal minimum wage to $15 an hour is a policy goal for many lawmakers. Increasing the minimum wage is expected to lift individuals out of poverty and improve work ethic, however, it also comes with many possible negative implications, such as inflation and a loss of jobs."
What does research say? Results are all over the place. As Dee Gill wrote, "...the research evidence of what actual minimum wage requirements do to job numbers goes both ways; many studies find that minimum wage laws reduce employment, and many other studies on the exact same laws find they have little or no effect on jobs.
(Excerpt) Read more at americanthinker.com ...
Readers digest says, yes.
It appears the the best answer is - "It depends on the job and it depends on the employer."
But helping half the people and getting the other half unemployed is not a good solution.
One size does not fit all!
MW needs raised. The MW I was paid in 1978 is around $14 today on the inflation calculator. It has not been raised in years
Yes.
See Dunkin’ Donuts had a sign out now hiring 10 dollars a hour. Will be less employees.
The truth is, some people’s labor isn’t worth $15 an hour, especially 16 year-olds in their first job.
Look at McDonald’s and BK. Everything is open here but fast food places are still drive thru only. Only takes a handful of people to run it. I wonder if when they finally open the dining rooms, if it won’t be more automated because covid. Pretty sure I or any customer can push a button that has a picture of fries on it. Language recognition is pretty good now. We just got a new cell phone and had to set up service and never once talked to a human. Some of it was punching in numbers but most of it was giving yes/no answers or sometimes saying a phrase.
With today’s tech, a fast food joint, even fully open, could be run by three people. A tech/admin person to oversee the machines and other two people, a cleaning person and a gopher to keep the cooking machines full.
Yes it does! Look at McDonalds! Technology is being used in a big way! Look at the roads that collect tolls! Fully automated! Look at restaurants! Paying your bill. How about supermarkets! Enter the item you are buying on your phone and go to the self check out and pay for it. Finally Walmart will be using technology for checkout instead of cashiers.
How did that work in Seattle?
Restaurants closed or moved out of town. Jobs were lost.
Increasing minimum wage prices teenagers out of entry jobs and subsidize the increase of robotic workers. Businesses shed workere.
If you want to hurt the poor raise the minimum wage. If you want to help them decrease red tape, buracrasy and create job training & opportunity zones. POTUS Trump’s methods pulled millions out of poverty and had the lowest unemploymemt rate for all groups of Americans with no change to the minimum wage.
How many hours per week was you allowed to work, when you worked for minimum wage? Was it forty hours, and was you allowed to keep working hours per week? If you say yes, than you are lying, because every where were I worked our hours were cut every time the minimum wage went up, because the managers made sure they were able to keep their hours and wages. To hell with the lowly minimum wage employees.
Thomas Sowell: Unemployment rises as the minimum wage does
Anyone who has read his book, Basic Economics, already knows the answer to this question.
Rd later.
In 1984, my first job was $4.25/hr. A year ago I could go get a job at Royal Oak charcoal plant up the road starting at $8/hr.
Prices of everything have at least tripled.
Min wage was just raised to $10.25 here in MO and a LOT of people got a raise due to that. Starting pay for a convenient store prior to the MW raise was $6.75.
Let’s face it, the Democrats are squeezing businesses especially the small businesses. Raising minimum wages and increasing expenditures one way or another. (cost of gas). The minimum wage employees will not be able to get a job and go on the government welfare rolls like before. What a way to get the votes back to the Democrat party.
My bad. Min Wage is $9.45 according to the MIT calculator. It still gave a lot of people a raise here.
Does cutting off the bottom rungs of a ladder cause inability to climb it?
Their cost of living for transportation is screwy. They have it the same regardless of whether one or both spouses are working. That only works if they work the same hours at the same place or work the same hours and work really close to each other and can car pool.
Here is a report about it
A restaurant chain in Texas has promoted young workers to manager roles amid a labor shortage.
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