Posted on 01/19/2019 6:57:46 AM PST by lowbridge
On Jan. 1, the new minimum wage, set at $15 an hour, went into effect in New York City, and most companies employing more than 10 people have to pay it. The increase, considered a crucial step in the fight against poverty, is the result of a hard-fought grass-roots organizing effort begun seven years ago and championed as a great victory by liberal politicians, even those who were initially not liberal enough to embrace it. But how much will the new standard do to alleviate some of the most punishing aspects of the city’s affordability crisis?
Last year, San Francisco and Seattle enacted a $15 minimum wage. Though both cities are also fantastically expensive, it is too soon to to draw any comparison to New York, which presents its own challenges. (What we do know from a study examining the experiment in Seattle is that as wages increased on the path to $15 an hour, experienced workers benefited most from higher pay at the expense of reduced opportunities for workers with less experience.)
(Excerpt) Read more at nytimes.com ...
33 bucks an hour? I haven’t paid that little in years. When I do a construction project that is state funded I will pay a MINIMUM of $53.75 per hour for a laborer. This is what happens when government tells you what to pay.
MINNESOTA DEPARTMENT OF LABOR AND INDUSTRY PREVAILING WAGES FOR STATE FUNDED CONSTRUCTION PROJECTS
notice THIS NOTICE MUST BE POSTED ON THE JOBSITE IN A CONSPICUOUS PLACE
Construction Type: Commercial
County Number: 27
County Name: HENNEPIN
Effective: 2018-12-17
This project is covered by Minnesota prevailing wage statutes. Wage rates listed below are the minimum hourly rates to be paid on this project.
All hours worked in excess of eight (8) hours per day or forty (40) hours per week shall be paid at a rate of one and one half (1 1/2) times the basic hourly rate.
Violations should be reported to:
Department of Labor and Industry
Prevailing Wage Section
443 Lafayette Road N
St Paul, MN 55155
(651) 284-5091
DLI.PrevWage@state.mn.us
* Indicates that adjacent county rates were used for the labor class listed.
County: HENNEPIN (27)
LABOR CODE AND CLASS EFFECT DATE BASIC RATE FRINGE RATE TOTAL RATE
LABORERS (101 - 112) (SPECIAL CRAFTS 701 - 730)
101 LABORER, COMMON (GENERAL LABOR WORK) 2018-12-17 34.11 19.64 53.75
102 LABORER, SKILLED (ASSISTING SKILLED CRAFT JOURNEYMAN) 2018-12-17 34.11 19.64 53.75
103 LABORER, LANDSCAPING (GARDENER, SOD LAYER AND NURSERY OPERATOR) 2018-12-17 23.02 15.99 39.01
2019-05-01 24.00 16.96 40.96
104 FLAG PERSON 2018-12-17 34.11 19.64 53.75
I'm very disappointed in you, Laz.
Your remarks are something a bourgeois, greedy, heretical kulak would say.
What we need is a dictator of the proletariat who ensures that no one gets paid. We will just work for companies that are owned "by the people," managed by the dictator of the proletariat. We also might need a politburo to make sure the appropriate laws are passed for fairness. Then, we just get stuff for free. Everyone will have an equal share, except for those who are more equal like the dictator, his friends and family, the politburo, and their friends and family because of all the great work they do for us.
Having too much money and any type of hard currency should be outlawed. The other thing we need to do is outlaw private property. We are all equally entitled to a car and an apartment in New York City, or San Fransisco. - the state should make sure of this!
The saturated low end and high end labor market is both artificial and illegal. THAT HAS TO BE ADDRESSED.
Yes, every 16 year old kid flipping burgers at McDonald's needs this pay scale. No need to finish high school if every entry level job pays a middle class salary.
All that extra money going into the economy with no production attached to it produces higher prices. Businesses charge higher prices because they can, and because they have to pay more in taxes to support welfare and the minimum wage. It’s giant screw either way. Whether the government taxes people directly, forces businesses to pay more, or prints extra phony money to pay for it, it all creates havoc.
We are talking about NYC not Tulsa OK.
Yes. Need links? Google restaurant closes rent. Pages of them.
Then google Democratic Underground. You might like it there. Your understanding of economics would likely fit right in.
When that restaurant closes where does that clientele go to eat?
We don’t have to worry about economics when we die.
Everything in nature results in ultimate entropy. No one can escape it.
The “goal” here, is not to pay people more $. The goal is to make the minimum wage so high, that:
1. Companies will go out of business
2. People will be out of work
Consequently, they will rely even more on the Government for
financial assistance - increased welfare and more taxes from
those of us who are working to support the unemployed.
That’s the plan.
"In the long run, we're all dead." - John Maynard Keynes
Which companies? All of them, really? Will all restaurants( notorious users of unskilled labor) close in NYC if the wage goes up? Where will New Yorkers eat if ALL restaurants go out of business.
Where does the money come from to pay the bill “up front”? Higher taxes? What exactly is in the “bill”?
The biggest driver of our debt is the entitlement programs that comprise two-thirds of the federal budget. Both programs are paying out more in benefits than the receive in revenue. The costs will continue to increase in an aging society with 10,000 Baby Boomers retiring daily thru 2030. These programs are on automatic pilot.
80% of American earners pay more in payroll tax than the do in income tax. Will the recipients of these government salary subsidies pay payroll taxes? And who pays the employer share?
“$100 an hour with no degree? Daaayum, what do you do if you don’t mind me asking.”
I eventually made that repairing electronics. A skill I acquired through a two year vo-tech program. No college.
Why not $3300?
They pack their lunches if they can't afford places with $33/hour bus boys. If you are on a three martini expense account, or ignoring a half million in student loan debt, you'll find another restaurant pretty easily. Because you won't be spending your money.
Jeeez it's not rocket science. I'd rather pay ( at a restaurant for example ) low skilled labor $33/hr ( that's probably too high even for NYC high but I get the point ) plus eliminate all EBT and welfare, at the point of sales then subsidize them at $15/hr with borrowed money. But hey that is just me.
A ‘very credible’ new study on Seattle’s $15 minimum wage has bad news for liberals
When Seattle officials voted three years ago to incrementally boost the city's minimum wage up to $15 an hour, they'd hoped to improve the lives of low-income workers. Yet according to a major new study that could force economists to reassess past research on the issue, the hike has had the opposite effect.
The city is gradually increasing the hourly minimum to $15 over several years. Already, though, some employers have not been able to afford the increased minimums. They've cut their payrolls, putting off new hiring, reducing hours or letting their workers go, the study found.
The costs to low-wage workers in Seattle outweighed the benefits by a ratio of three to one, according to the study, conducted by a group of economists at the University of Washington who were commissioned by the city.
So would the people that run and supply grocery stores not benefit in increased business then?
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