Posted on 12/29/2013 3:11:07 PM PST by Libloather
Starting January 1, minimum wage workers in 13 states and four cities will see higher paychecks.
While most of the increases amount to less than 15 cents per hour, workers in places like New Jersey, Connecticut, New York and Rhode Island will see a bigger bump.
Earlier this year, New Jersey residents voted to raise the state's minimum wage by $1 to $8.25 per hour. And lawmakers voted to hike the wage by between 25 cents and 75 cents per hour, to $8.70 in Connecticut and $8 in Rhode Island and New York.
Residents in Arizona, Colorado, Florida, Missouri, Montana, Ohio, Oregon, Vermont and Washington will see a higher wage floor due to annual cost of living adjustments.
(Excerpt) Read more at money.cnn.com ...
>>No mention of who pays for it.<<
The other fired workers.
higher paychecks, and higher unemployment
It is less about the schmucks who work minimum wage jobs than about the public employee unions who have contracts tied to a multiplier of the minimum wage.
Yeah, wait until they see how much is taken in taxes. The dopes will probably blame their employer. LOL
At my business, it will be my customers. And I suppose I may pay the price by losing some customers.
What we really need to do is lower the cost of living so that people that are paid minimum wage can afford to raise their families./s
I surmise it was the Teamsters that ordered the slowdown of UPS Christmas delivery
$75 a hour sounds about right to me. Nobody needs more than $75 dollars an hour anyway and there would be more money left over for the rest of us.
How am I doing here, trying to think like a lib?
I’ll see your $75.00/hr and raise that $25.00/hr to $100.00/hr.
If I had to work, I could have a fine life on $5 per hour. :)
Don’t they understand that raising the minimum wage thereby putting more money into the hands of low skilled workers only serves to cause inflation?
It is this inflationary impact that hurts the middle, the middle upper and the upper classes who have seen their incomes stagnate under Obama.
This does nothing but fuel inflation and further debase the dollar.
This statement has a major assumption. It also ignores lots of things which are just as likely. They assume that everyone who currently makes the increased wage will not have their hours cut proportionally or be fired.
They ignore the people who now will not be hired. They ignore the costs which will likely be passed to the consumers. They ignore the employees who will lose their jobs.
In short, this is a biased editorial rather than a news story.
“This does nothing but fuel inflation and further debase the dollar.”
Without question, raising the minimum wage will fuel inflation to an extent that will devastate the economy and crush every other class of worker and especially business owners and CEO’s.
They not only will see inflation and their margins decreased, but have these state governments dictating what they pay their workers.
>>>The other fired workers.
Bingo.
(And those workers who simply will never be hired in the first place, since their skills are judged by employers as simply not being worth the mandated higher wage.)
$8 an hour?
my 15 yr old makes $8 an hour babysitting (and she works for herself)
I’m wondering just how much more government-generated unemployment in a government-generated depression will be tolerated by the sheep.
So why are dems pushing on federal level?
I don’t know...I just think the all the dumbas%%s finally figured out how to order online. When people order a TV on the Saturday before a Wednesday Christmas then expect it to be there on time you have a problem with the customer.
Then these same people gasp when Amazon considers drone delivery.
Our daughter did the same thing when she was in high school. After that, she had her pet sitting business during summer. Walking and feeding pets at the owners' homes was her specialty.
She wanted $10 - $15 per house per day, but most gave her $20 per day. She made some good spending money having about a dozen houses per day each week all summer.
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