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...
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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. ...
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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...
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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...
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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...
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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...
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Those adjustment costs might include adding labor-saving technology such as fast-food kiosks.
(Excerpt) Read more at news.investors.com ...
Yep. I've been self-checking myself at Kroger for years, it's much faster than waiting in the cashier line.
And in the mean time, department store retail sales are in the toilet. Nordstroms missed big time and is now down $10.00 a share.
We very well may be in an era that began w/ bank tellers replaced by ATM's not going to driverless taxis. The big problem is that so very few people will be able to afford them because right now the median employee compensation is less than $17/hr. This means the $18.55 we're talking about here is going to outlaw the hiring of most U.S. employees.
Yes, what you say is all too true. I don't know the speed and timeframe of the continued shrinkage of jobs and work-hours/week but it truthfully seems like now.
These fools agitating for $15/hour for no-skill labor are just that, fools that will cause the service/retail outlets to adopt kiosks and automate food and other services as soon as possible.
As was said in the last debate, welding is a valuable skill whereas having a philosophy degree is less practical. And oh yeah, free tuition for all is another great idea - not!
And the machine won’t spit in your burger!
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