Posted on 05/14/2015 6:40:56 AM PDT by all the best
this year it’s 500 employees, next year it’s 100 employees, then 50, then 15.............
Glad I don’t live in CT.
Hmm--so all an employer has to do is make sure that no employee already making low wages gets a raise so that they make $14/hour. Anything less than that and the company saves money, even with the fine.
during such quarter were less than or equal to fifteen dollars per...
one dollar for each hour such employee worked..
If my reading of this is correct, if you pay an employee exactly $15/hour, you then pay $1 additional to CT? THis is a "minimum wage" of $16/hour...
If it's a Democrat-controlled state, then the INTENDED consequence is to ensure that minorities stay on welfare rather than get a job.
If anyone makes the connection their excuse will be they were unintentional. “Hey, we were really trying to do good.”
It’s actually more cost effective for employers to pay that “fee” to the state than to give employees a $1.00/hour raise. The only employees who would benefit would be ones who already make more than about $14.25/hour but less than $15.00/hour. For them it would be more cost effective to increase their pay to $15.00/hour. The actual effect of this legislation would be to eliminate pay raises for people making less than about $14.25/hour.
If anyone makes the connection their excuse will be they were unintentional. Hey, we were really trying to do good.
The employer would have to pay at least $15.01/hour to avoid the “fee”.
Correct. This is just a way of providing more money up the welfare state, since it’ll be easier to cut a check for a $1 per hour per employee than eat the costs of raising those employees’ pay to $15 per hour.
Those costs will either be passed along to consumers, or taken out of payroll by reducing staff. Or a combination of both.
I’m aiming to get out.
I’m thinking it will be an incentive to reduce low-skill staff using automation.
” In declining states the leadership intuitively chooses the most harmful course of action.”- F. Nietzsche
The employee also does not get credit for social security or SSI or other wage based history programs
I’m only 62. I don’t recall any time when our government has done anything but.
The ones who are really going to get screwed by this law are those that are currently making $15/hr.
Do you think they are going to get a raise?
Likely they are going to have to do more work as the business pares down its workforce to stay profitable.
Unlike Government, without a profit a business goes out of business.
That’s beyond their comprehension.
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