Fair Minimum Wage Would Be $22 An Hour
 

Minimum wage raised as high as a skilled tradesman? :Oh crap

FULL STORY

what an idiot (although peasants would like her)

I don't think so, Tim...

If productivity/performance is the measure for wages, Congress wouldn?t even get a paycheck.

Start paying everyone 22 bucks an hour and you'll see the last few jobs left in the US shipped off to India.

This would be a fantastic way to inspire the next mechanical revolution.

the illegals are doing the jobs. :2 cents: tile,carpentry,masonry,plumbing etc... jobs that would pay that much

:1orglaugh

the system is setup to keep blue collar poor :2 cents: $22 isnt going to kill a profitable company. it would keep workers happy and less problems. :2 cents:

Min wage came out of the Fair Labor Standards Act sign into law by FDR in 1938. The law said about min wage: "minimum standard of living necessary for health, efficiency and general well-being, without substantially curtailing employment" It was supposed to be a minimum basic wage,that one could live in.
I had read with inflation, it should be around $10.56 an hour.

I heard PBBC starts pay @ $17 an hour.

:2 cents::2 cents::thumbsup

Would it have been better had minimum wage raised along with production? Sure. Would it be good for it to suddenly be raised to that level from what it is now? Fuck no.

Worker productivity in America is very high.
http://www.marketplace.org/topics/ec...y-gets-revised

It actually hurts to read crap like this :1orglaugh
Not to read, but to know that there are people who are dumb as that and they hav the right to vote :Oh crap

+1 :thumbsup

I take you dont employ any people...

By the way, $22 isn't really $22. It's more like $33-37, and then you add any benefits on top of that? Get real.

Say hello to skyrocketing unemployment/layoffs.

I dont think it has to be $22, $10.50 to $11 an hour. They can live pretty basic on that and could get a second job if they want to make more money. Of course alot of this is based on the assumption of 40 hrs. Most if not all seem to be 25 hrs and you have to be available whenever we need you which makes getting more than one job very hard to do.

And massive inflation. Inflation isn't only produced by the printing of more fiat money. There are many factors wich triggers it.

"Warren did not appear to be saying the rate should actually be increased to $22 an hour. Rather, she was using the study, which demonstrated flat minimum wage growth coinciding with economic inequality, as a platform for a more realistic increase to the minimum wage."

I think that is like $10/hr. higher than the living wage in Fort Lauderdale.

This is about right IMHO. I agree with Sen Warren on a lot of issues but not this one if she really thinks we could actually raise it to $22/hr. My guess is she was just using that as an example/attention grabber and she probably doesn't expect it to ever happen.

A person can live on $10/hr assuming they are getting full 40 hour weeks. It might not be a high standard of living but it is very possible to do so.

It would in turn bump up the skilled tradesman's wages.

http://3.bp.blogspot.com/-IYXHiZXuvK...e_Increase.jpg

Pretty good fucking question. :thumbsup

http://theunboundedspirit.com/wp-con...ey-greedy1.jpg

She's not saying it should be raised to $22 an hour though obviously. Just that it's justifiable when compared in the way she did.

They'll push for $9 as Obama said I think? Seems fair. And of course every raise in history has been met with cries that it'll mean less workers hired.. never comes true. We have booms when people have more money to spend. But get ready for the red herrings to come out and beach themselves as usual.

the system is setup on greed. :2 cents: the rich get richer you know the rest :2 cents: olive garden is a great example.

this guy must be another republican idiot

Probably more realistic. However you raise the bar, there is always a ripple effect somewhere.

Senator Elizabeth Warren (D-Massachusetts) is neither a guy or republican...:1orglaugh:1orglaugh

:1orglaugh

It would put a lot of businesses out and I personally would have to drop 3 of the 4 I have.

does this mean i have to order my pizza from the Philippines now?

Minimum wage increases can never do more than compensate for inflation. if you raise it artificially, it creates that inflation.

It's all relative, bitches.
http://weknowmemes.com/wp-content/up...olve-for-x.jpg

At $22 an you can say hello to $15 hamburgers, $10 milkshakes and $10-12 gal. for gas.

Actually it doesnt.
http://www.nber.org/papers/w3997

I think you posted the wrong link. That one has nothing to do with the relationship between the minimum wage and inflation.

Call her names, then run. :disgust

What about addressing her (excellent) point? Worker productivity is WAY up. Corporate profits are WAY up. Wages are WAY stagnant.

http://www.businessinsider.com/corpo...ime-low-2012-6

http://sphotos.xx.fbcdn.net/hphotos-...90885055_n.jpg

Minimum wage in Australia is

"Currently the full-time minimum wage is $15.96 per hour or $606.40 per week."

On top of that there is 9% employer contributed superannuation, workers compensation, paid maternity and paternity leave, 10 sick days and loadings for public holidays.

$1 USD buys about 96 cents AUD.

very well said

http://www.numbeo.com/cost-of-living...ntry=Australia

Everything in AU is pretty much double of what it costs in the US... so while $16/hr sounds high, it's pretty much equivalent to $8/hr in the US in terms of buying power...

think it's time we let business win

that way we just need to wait the 5-10 years and take over again

it literally be that easy.

I dont understand why there must be a min wage..
A somewhat free economy will adjust accordingly
supply and demand - just like anything else in a capitalistic economy.
if there is too much labor supply then take some off the additional supply off the table.

It doesnt work that way ,it becomes a race to the bottom. That's why FDR signed that law in the first place.

everyone can't be rich who will do the cheap labor? and give the big box companies huge gains? nike is ripping the whole world! :1orglaugh those guys and gals in the ref gear make peanuts! :1orglaugh

I agree to an extent. It's just like when I've done freelancing and someone tries to talk you down, eventually I put my foot down and say that they are welcome to go elsewhere and I give plenty of examples but tell them if they expect that much they'll be going around in circles wasting time and crossing their fingers.

There's making money mode and saving money mode and it's very hard to do both simultaneously. Always ironic that the coupon clippers live in trailers.

The problem is, there are enough hungry people that will work for the lower wage. I'm studying history in school and its all the same thing, nothing fucking changes. lol