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Because $15 worked so well

Uglytruth

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#1
See what they are doing? Not raising the bottom up they are catching up with everyone......... why not $50 or even $100. Socialism through equality......... Think who makes the money at that point? Those collecting tax dollars get the biggest kick! But the non educated, tattooed, face piercing freaks deserve it!

https://www.foxbusiness.com/money/tom-steyer-minimum-wage-south-carolina

Democratic presidential candidate Tom Steyer vowed to call for a $22 hourly minimum wage if he wins his longshot bid to unseat incumbent President Trump in November.

Steyer, a billionaire who founded investment company Farallon Capital Management in 1986 and sold it in 2012, is campaigning heavily on addressing climate change.

He made the announcement during a campaign block party on Sunday while campaigning in South Carolina, according to The Associated Press. Progressive candidates Elizabeth Warren and Bernie Sanders have released competing plans to hike the minimum wage to $15 per hour.

The federal minimum wage rate has remained at $7.25 per hour for the past decade, though 29 states and Washington have set it higher. (At the beginning of January, more than 20 states raised base pay even higher). The annual earnings for a full-time minimum-wage worker are $15,080, which is slightly above the federal poverty line for one person.

According to a Congressional Budget Office report published in July 2019, increasing the federal minimum wage to $15 per hour could result in 1.3 million workers losing their jobs. (The report estimated there’s about a two-thirds chance that somewhere between zero and 3.7 million workers would lose their jobs).


It could also have negative consequences for small businesses, which tend to operate in more competitive markets with thin margins.
“A higher minimum wage reduces the family income of business owners to the extent that firms’ profits are reduced,” the CBO report said. “Real income is also reduced for nearly all people because increases in the prices of goods and services weaken families’ purchasing power. Over time, as businesses increasingly pass their higher costs on to consumers, the losses in business income diminish and the losses in families’ real income grow.”

Over the past seven months, Steyer has poured $14 million into blanketing South Carolina’s airwaves with ads -- a strategy that’s beginning to take hold. According to the RealClearPolitics voting averages, Steyer is polling second in the state, behind only former Vice President Joe Biden. Sanders is a close third.
 

dacrunch

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#2
... rather than encouraging professional training to get a better-paying job, of course...

To get over $20/hr I had to do a 5 year apprenticeship in a skilled trade... If I could earn $22/hr just answering phones, I wouldn't have any motivation to "improve my lot"...
 

ZZZZZ

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#5
Even Jill Stein has a better chance of winning the presidency than Tom Steyer.
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Trailblazer6

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#6
The $15.00 Hr. Minimum wage is a Lead turd here in New Jersey. And people wonder why automated Kiosks are popping up in fast-food restaurants. No matter what, the industry will find the solution, not Government. Besides, entry-level jobs should carry an entry-level wage. Want more money then be the best at your job. It doesn't matter if your job is to pick fly shit out of black pepper. Be the best at it or find another job.
 
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dacrunch

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#7
I saw a news documentary on the biggest aquapark in Europe (Germany) last night. They've installed an automated "cocktail making machine" with well over 30 drinks. Press a button, in less than 2 seconds the correct amount of fluids come out of the multiple nozzles and fill the ice-cube filled glass. $65k machine which eliminates 5 full-time bartenders... Pays for itself in less than six months... then the rest is "gravy"...

And my daughter who lives in Denmark has a side-job training movie-theater food vendors on how to use the similar Coca-Cola machine, with over 20 different drinks, made "fresh" as you order.
 

the_shootist

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#8
I saw a news documentary on the biggest aquapark in Europe (Germany) last night. They've installed an automated "cocktail making machine" with well over 30 drinks. Press a button, in less than 2 seconds the correct amount of fluids come out of the multiple nozzles and fill the ice-cube filled glass. $65k machine which eliminates 5 full-time bartenders... Pays for itself in less than six months... then the rest is "gravy"...
But without the sexy bartenders with their wit and cleavage I would have no reason to tip?
 

dacrunch

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But without the sexy bartenders with their wit and cleavage I would have no reason to tip?
No tipping in Europe. 18%+ already "included" in the price. That's why you get such lousy service = no motivation to please the customers. (You only get good service in family owned/run businesses.)
 
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Trailblazer6

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#10
The lack of motivation in the workforce is here too. From what I saw before retiring there is a lack of work ethics today. And that's a shame since our President is busting his butt bringing jobs back to America besides the "Do you want fries with your order?" BS from the Obummer era.
 

solarion

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#11
Average Value Added Tax in Europe is now a whopping 21.3%. Commies steal everything not nailed down.

Minimum wage has but one purpose...it destroys economies of scale and cuts the bottom rungs off the employment ladder. It guarantees that low skilled/unskilled workers will be unemployed/under-employed. Employers will not long pay anyone that works for them more than that employee makes for them, so they'll simply be forced to fire people. It sounds great to people that don't think about it for more than 10 seconds, but the reality of federal minimum wage laws is simply more price inflation and fewer people working.

It's great for politicians pandering for votes...and horrible for the mainstreet economy.
 

dacrunch

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#12
Average Value Added Tax in Europe is now a whopping 21.3%. Commies steal everything not nailed down./QUOTE]


That's NOT COUNTING the "tip tax" of at least 18% ON TOP... along with the "restaurant tax" and "hotel tax"..
 
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solarion

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#13
It's completely insane that people want such taxation(theft) rates in America too. "...the rest of the civilized world...blah blah blah".

No thank you very much. I already have huge portions of my livelihood going to support criminals that claim to "represent" me while working against my interests 24/7/365.
 

dacrunch

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#14
I believe in a "base scale wage" with BIG BONUSES FOR GOOD PERFORMANCE. That weeds out the "slackers"... and boosts productivity.
 

solarion

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#16
Politicians interfere with contracts between men and women wishing to marry, patients and doctors, so why should any other relationship be sacrosanct at this point?
 

Uglytruth

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#17
I look at it differently.
When I made it to be a journeyman in the later mid 80's I made about 4.5x minimum wage of $3.25.
Now minimum wage is $8.70 so I'm making about 3.5 x minimum.
A $15 minimum brings me to about 2X min & a $22 would put me at less than 1.5 x.
We are being eaten from the bottom up and it's simply another version of socialism. Do you really think a skilled person will get paid $80-90 hr because min wage goes up?

All the while companies will cut back even more. Fewer jobs or employers but who will take the money...... yep .gov gets SS & taxes.
Who's the biggest winner when min goes from $7.50 to $15? .gov! NAFTA lowered the US standard of living and I still don't see many south of the border become consumers and living in split level houses. But I see tarps on roofs. People taxed to the point we need public programs that help them maintain their homes because they can't afford to maintain them themselves.
 

ZZZZZ

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#18
It's all an illusion.

Calculate minimum wage indexed to the FRN price of an ounce of silver from 50 years ago and things are just fine.
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hammerhead

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#19
I look at it differently.
When I made it to be a journeyman in the later mid 80's I made about 4.5x minimum wage of $3.25.
Now minimum wage is $8.70 so I'm making about 3.5 x minimum.
A $15 minimum brings me to about 2X min & a $22 would put me at less than 1.5 x.
We are being eaten from the bottom up and it's simply another version of socialism. Do you really think a skilled person will get paid $80-90 hr because min wage goes up?

All the while companies will cut back even more. Fewer jobs or employers but who will take the money...... yep .gov gets SS & taxes.
Who's the biggest winner when min goes from $7.50 to $15? .gov! NAFTA lowered the US standard of living and I still don't see many south of the border become consumers and living in split level houses. But I see tarps on roofs. People taxed to the point we need public programs that help them maintain their homes because they can't afford to maintain them themselves.
Add building codes to that list. Our state wants to become net zero.