Kolek planning to go pro
we discussed this a couple years ago when it first being introduced. some thought it was badly needed and others were a little more pragmatic. well, according to this article citing some once promising restaurants, the minimum wage is a business killer-well color me surprised http://www.fresnobee.com/opinion/opn-columns-blogs/article155979969.html
Down 1 w 5 seconds left. Doable.
Filed under economics.It also belongs in the daily dose of doom thread.
my apologies-we can move it to the "doom" thread if it makes others feel more comfortable. anywhooo, as cooler heads prevail-thank you! my intentions were not to go all MU82 here. it's merely pointing out that a topic we had discussed back in 2014-minimum wage hikes and their effectiveness. back in 2014 of course. all we had was some pragmatic speculation and opinions. what i was merely stating here is some real evidence coming in as to the efficacy of that very poorly thought out (imho) plan that most practical thinkers correctly predicted to be doomed for failure. i don't care what ones political persuasion is. the fact is this fails regardless. "feel good" chit has got to pass the "but is it practical test" as well. for those of you trying to paint me in to a political corner, your motives are too transparent . we've been, for the most part, been able to have civil discussions lately around such topics as these without inserting vitriolic political partisanship and it seems to have worked out pretty good. of course some of us try to tickle the edges a little, but come on man! this was a very resourceful topic following up on a previously discussed issue. as hilltopper correctly states-ECONOMICS for $100 alex would be a more accurate observation and i very much appreciated that
People should not have to rely on the "minimum wage" jobs for a career and to support a family. So, imo, those types of jobs shouldn't have increases. I do believe, however, that the lower end of the career workforce does need increases. The upper end, the super high end, couldn't live on slightly less? As an example, a local hospital CEO made $17 mil in the same year they put a hiring freeze and salary increase freeze on nursing staff. That stresses and Burns everyone out. Not to mention effects patient care. You're telling me he couldn't live on $10 mil and use the difference to support nursing staff? Crazy, to meOf course, you also have situations like this, where those career jobs are disappearing: https://mobile.nytimes.com/2017/04/23/business/economy/indiana-united-technology-factory-layoffs.html
People should not have to rely on the "minimum wage" jobs for a career and to support a family. So, imo, those types of jobs shouldn't have increases.
I agree with you in theory.In practice, many less educated people - those who used to depend on factory jobs and such - no longer have many options. It's easy to say they should go back to school and get the education they need to get a "career-oriented" job. And the younger ones without kids should probably be doing that. But people who have kids and already live check to check can ill-afford to give up their minimum wage jobs while they have young mouths to feed. For older workers who have been laid off from factory jobs that will never come back, its equally difficult. If you're 50+ and go get a degree, you'll be in your mid-50s when you try to get into the "career-oriented" workforce. Not an easy task.Like I said, I agree in theory that people shouldn't bet their careers on fast food type jobs...but the real life reality in this economy is that the options they have are pretty limited.
The subsidy is not to the business it is to the person. If your work product is not enough to earn a "living wage" how is that the fault of the business.
There are tons of high paying jobs in the trades that go unfilled. Minimum wage is mostly a political issue, as unions use it as a benchmark for negotiations.
You have a history of posting political commentary. You painted yourself in the corner. Try to be more self-aware.
"You hardly used capital letters at all (but you did in "MU82," so thanks)" but but that's your name, right? just showing a little respect, ain'er?no basis in fact? did you read it? i get when people don't agree with the facts, but that doesn't mean there is no basis in fact. what do i have to do? go out and actually quote the owners of the closed down businesses? oh, i get it, they closed the business down because they were making too much money and wanted to prove the "living wage" people wrong this is all a simple common sense business decision. if i had to jack up my salaries to whatever number above and beyond what the market dictates-i'm gone. in other words, it's not rocket surgery forgetful-regarding "the humane" thing to do? give our people the tools and a GOOD EDUCATION. prepare them for what they need to know to make a "living wage" i understand it's more complicated then that, but not everyone is capable and not everyone is entitled to anything. life ain't fair. we can't keep telling them that they should be making X. get out there and prove you are worthy. they can start with showing up to work on time for 2-3 days in a row. then go for 4...
Rocket, your latter statements do not match the existing state of our economy and employment situations. Salaries are stagnant. Employers for a long time have made the argument of "cutting costs" to drive down wages regardless of how much harder people work, or how many more hours they work, or regardless of developing new tools and getting a good education. Even now when there are supposedly tremendous vacancies, they do not increase wages. Most of these jobs are at or barely above a living wage. The problem is how we have orchestrated our employment structure, where the corporate elite continuously get massive wages, while they argue that the plebeians will have to make due with salary freezes. All this comes at times when companies are hoarding record amounts of cash.
The US has 4 million minimum wage jobs. Half have the title "cashier."Yes, below would have happened eventually but the minimum wage hike is causing it to happen faster.McDonalds Is Replacing 2,500 Human Cashiers With Digital Kiosks: Here Is Its Mathhttp://www.zerohedge.com/news/2017-06-23/mcdonalds-replacing-2500-human-cashiers-digital-kiosks-here-its-math
This is only partially true. There are significant high paying jobs in the IT/Tech industry that are going unfilled. But they are not going to hire just anyone. There are many that remain unemployed/underemployed with degrees and training in this sector that are deemed unqualified because of where their degrees/training comes from (e.g. community colleges). They want highly trained, elite workers for these jobs, and frankly there will never be enough of them from the US alone. So the companies leave them intentionally unfilled (just work the existing salaried people harder). The job openings serve the purpose of making the overworked employees think he company is trying. But the company will not hire people that meet the requirements, as they deem them not good enough and it is more profitable to work the existing employees longer hours.Same thing goes for other sectors. There was a recent study that showed that ~70% of job openings are deemed hard/unable to be filled. But only 14% lack applicants that meet the job requirements. The jobs go unfilled from a combination of the companies not actually wishing to fill the jobs, poor salary and/or poor work quality/locations. Poor salary is a huge problem. A $16 an hour job is considered well-paying in these types of reports on unfilled jobs, but often the person could pay the student loans (to get the training) and/or child care needed to take the job. Economically the $16 an hour job does not match the opportunity cost. But the companies will not pay more. The greatest evidence of this is that typically when there are so many vacancies, low unemployment and skills gaps, salaries rise. They have not in our economy, because the situation is not as it seems.