Fortunately, scenes like this will never be seen once the Bidenreich's Safe and Secure Digital Dollar® replaces all physical currency.
Posted on 12/27/2022 11:06:12 AM PST by Red Badger
The federal minimum wage of $7.25 is in place for 20 states.
Four states will have a $15-an-hour minimum wage by New Year’s Day, while 27 states are poised to raise the minimum wage in 2023.
Some states are enacting the wage change after Jan. 1, so by the end of 2023 there will be six states that are set to have minimum wages at or above $15 an hour. They are California, Connecticut, Massachusetts, New York, Oregon, and Washington, according to a report last week from the National Employment Law Project.
Other states are gradually implementing a $15-an-hour minimum over the course of several years, including Delaware, Florida, Illinois, Maryland, Nebraska, New Jersey, Rhode Island and Virginia, USA Today reported.
The federal minimum wage of $7.25 remains in place for 20 states.
The Congressional Budget Office found last year that raising the minimum wage to $15 an hour would increase the federal deficit by $54 billion over a decade due to the increase in prices for goods and services. Although about 900,000 fewer people would be in poverty, 1.4 million workers would lose their jobs, the report states.
Meanwhile, inflation over the summer placed the federal minimum wage at its lowest value in 66 years, according to the Economic Policy Institute. Inflation is still up 7.1% from last year, and some experts are concerned that increasing the minimum wage will fuel already high inflation.
"Wage increases cause inflation because the cost of producing goods and services goes up as companies pay their employees more. To make up for the increase in cost, companies must charge more for their goods and services to maintain the same level of profitability," Investopedia economist Will Kenton wrote.
Pulitzer-prize winning economist Milton Friedman argued in 1966 that raising the minimum wage would harm minorities and low-paid and unskilled workers the most.
"The loss to the unskilled workers will not be offset by gains to others. Smaller total employment will result in a smaller total output. Hence the community as a whole will be worse off," he said.
However, the Center for American Progress, a liberal think tank, maintains that "there remains little to no evidence that workers’ wages are causing today’s high inflation."
The real world minimum wage is more than $15.
Good luck finding and keeping any employees if you are paying less than that.
People require a basic minimum amount of money to live on and if they can’t get it working then they will get it through government programs.
Minimum wage in 2023 as $15 an hour gains traction
What causes inflation Moe.
We have had $15.00 an hour in Ca. most employers are starting staff at $18.00 $18.00 an hour in Ca. does not help anyone except the government get more in payroll taxes!! The cost of living is SO HIGH here $18.00 an hour doesn’t put a dent in it!! MOST rental houses now have several immigrant families in one single family home!! A studio apt. in Ca. One room with a kitchenette and bathroom is $3000.00 a month!! I get real estate postings from NY out of curiosity OMG a one bedroom one bath co-op in Brooklyn is $500,000 PLUS a co-op fee every month who in the hell wants to live like that?? Ca. cost of living is HORRIBLE but OMG NY is atrocious, these co-op’s all have bars on the windows in each unit kitchens have NO SPACE what so ever WHY would people want to live this way???
Order by kiosk get u used to using credit and eventually cashless society they control
And almost everywhere you have to have a car. Without one you can’t get to work.
I have known people to quit work and stay at home with the kids because they come out ahead financially. Less gas needed, less car maintenance needed, no daycare to pay for, etc.
You’re not getting anybody for $7.25/hr around here. Fast food places are advertising $16/hr starting and still can’t find people.
Okay, who’s got a lemmings gif...
Deep State really hates competition.
I thought 2.50 was a crime in Florida! 11 dollars? Yieks!
That was back when employees paid well and even gave pensions. Those days are long gone. Crap wages except for CEOs is the norm.
like butlerweave said, for a ball of water... LOL
Went grocery shopping today in WI, 18 eggs were $8.99.
I live in Southern California so I am well aware of costs.
Inflation distorts everything and destroys the middle class and working people. It also destroys retired people who watch their savings go up in inflationary smoke.
15/hr = 30,000/yr, a single person would have to rent a room or share an apartment to live.
25/hr = 50,000/yr will get you a small apartment + a late model small car.
37.50/hr = 75,000 a family can live in a small apartment with a late model car.
People on this site complaining about working people wanting a decent wage are crazy and out of touch. You think 15/hr is too much then you go live on it for a year and get back to us.
i’d be one thing if it were the farmers that were getting that kind of money... it’s nutz
In some countries it is permitted to give 16-17 year olds less per hour. They of course don’t work during the weekday mornings and afternoons because they’re in school.
I don’t know if we can do the same, mostly on equal protection grounds but it’s a thought. But adults, no. You can’t live off $15/hour.
But some of the pay differences are astounding.
I was talking at the dinner table about a manager at a large hardware store in town who made $68,000. I said that was insanely low. He probably would have to have at minimum a Bachelor’s of Business Administration.
Then my girlfriend chimed in and said that’s not fair. She has a Master’s of Education and earns less than half that. I was astounded. Needless to say I have no intention of marrying her, I’m not going to take on that kind of financial baggage.
How in the devil can someone live off that?
I took on the financial burden once, not doing it again. I have my kids and I’m out of here.
Defacto $16.00/hour minimum wage NOW at the south central Pennsylvania convenience store/gas station chains.
Wonder why there is nearly double digit inflation?
Turkey Hill iced tea used to go on sale once in a while at 2 for $4. Now it’s two for $6.
Earlier this year I saw the Burger King at the Gouldsboro truckstop advertising $17/hour for non-management positions.
United Envelope in Mount Pocono (unionized) is advertising machine operator positions paying up to $20.47/hour (night shift differential); benefits include medical, dental, paid life insurance, $2,500 sign-on bonus, ad nauseam.
Fortunately, scenes like this will never be seen once the Bidenreich's Safe and Secure Digital Dollar® replaces all physical currency.
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