Politics And Current Events

Freddy Rumsen
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Postby Freddy Rumsen » Tue Jan 26, 2021 2:06 pm

Y'all realize these kinds of policies just empower the big corporations and hurt middle class, and lower class people right?

All of the "pro-worker" regulation helps Darden and YUM and hurts small business, further enlarging the capitalist divisions and growing inequality.

Too bad all those big companies didn't use all the money from the Trump tax cuts to make a difference.
Maybe if we raised their taxes these small businesses would still be there?

willeyeam
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Postby willeyeam » Tue Jan 26, 2021 2:06 pm

:fist:
Source of the post
dodint


Tie the minimum wage to a consumer index and get rid of this charade altogether.

Morkle
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Postby Morkle » Tue Jan 26, 2021 2:10 pm

Adjusted for inflation, $6.50 in 2005 is equal to $8.90 in 2021.
Adjusted for inflation, $7.50 in 2005 is equal to $10.27 in 2021.
Adjusted for inflation, $10.00 in 2005 is equal to $13.69 in 2021.
Adjusted for inflation, $11.00 in 2005 is equal to $15.06 in 2021

Morkle
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Postby Morkle » Tue Jan 26, 2021 2:11 pm

Yeah. I'm not going to sit around and wait for Freddy to explain how paying people less emboldens the lower class. Taking a knee on this one.
It's not just "paying people less", it's all kinds of different regulations that raise the cost of living on all kinds of goods/services that make x not go as far as it once could. This is all part of the consequences of the Federal Reserve policies which cause a kind of "silent inflation".

Besides, why can't waiters just learn how to code? Maybe go to college or something. :pop: :slug:
Send them to college and overcharge them for AES support and more money back to government pockets. Nice, win-win.

King Colby
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Postby King Colby » Tue Jan 26, 2021 2:12 pm

I wonder if there are any numbers between $7.50 and $15 that might be a good compromise

meow
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Postby meow » Tue Jan 26, 2021 2:14 pm

I wonder if there are any numbers between $7.50 and $15 that might be a good compromise
$14.99

count2infinity
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Postby count2infinity » Tue Jan 26, 2021 2:15 pm

I wonder if there are any numbers between $7.50 and $15 that might be a good compromise
Sure is... $10 next year, $12.50 the year after that, $14 the year after that, $15 the year after that. Slow and steady. Compromise, good.

Morkle
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Postby Morkle » Tue Jan 26, 2021 2:17 pm

I wonder if there are any numbers between $7.50 and $15 that might be a good compromise
I actually would have been fine with $10 imo based on that inflation numbers I posted up there.

King Colby
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Postby King Colby » Tue Jan 26, 2021 2:18 pm

1. Find a compromise
2. Add annual inflation adjuster
3. F NAN?
4. Profit

nocera
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Postby nocera » Tue Jan 26, 2021 2:19 pm

Can we move number 3 up?

count2infinity
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Postby count2infinity » Tue Jan 26, 2021 2:19 pm

If you even believe in having a minimum wage, it should certainly go up with inflation. That seems like a no brainer. Should minimum wage be a livable wage? I suppose that's the question at hand, to which I say, "uhhhhh... duh?" But I understand that others feel differently.

MalkinIsMyHomeboy
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Postby MalkinIsMyHomeboy » Tue Jan 26, 2021 2:20 pm

can we remove number 3? I'd rather not **** NAN

Morkle
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Postby Morkle » Tue Jan 26, 2021 2:20 pm

I'm more on the side of the people when it comes to min. wage. I am firmly against college loan debt forgiveness for the most part.

NTP66
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Postby NTP66 » Tue Jan 26, 2021 2:21 pm

Source of the post Should minimum wage be a livable wage? I suppose that's the question at hand
That shouldn't even be a question, IMO.

MalkinIsMyHomeboy
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Postby MalkinIsMyHomeboy » Tue Jan 26, 2021 2:21 pm

I'm sure different people have different metrics but what is a considered a livable wage?

Morkle
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Postby Morkle » Tue Jan 26, 2021 2:22 pm

If you even believe in having a minimum wage, it should certainly go up with inflation. That seems like a no brainer. Should minimum wage be a livable wage? I suppose that's the question at hand, to which I say, "uhhhhh... duh?" But I understand that others feel differently.
I don't necessarily know if it should be a livable wage. If it's in-line with inflation, that's good enough for me.

King Colby
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Postby King Colby » Tue Jan 26, 2021 2:24 pm

I wonder if there are any numbers between $7.50 and $15 that might be a good compromise
$14.99

count2infinity
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Postby count2infinity » Tue Jan 26, 2021 2:24 pm

Obviously livable is different from place to place in this large, diverse country of ours. The fed can't do much about that, which is why it's questionable for the federal government to step in to change that. That's up to the *gulp* FREEEEEEE MARKET!!!!!

Morkle
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Postby Morkle » Tue Jan 26, 2021 2:26 pm

I look at minimum wage jobs as the lowest common denominator - what is the acceptable price someone should do this job, and if the national standard is tied with inflation, then you pick a rate and move on from there.

$7.50 or whatever it is now, would have been fine when they made the change if tied with inflation. It wasn't, that isn't good enough reason to not change it now, because Maria's essential oil shop isn't a great business model.

King Colby
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Postby King Colby » Tue Jan 26, 2021 2:26 pm

If you even believe in having a minimum wage, it should certainly go up with inflation. That seems like a no brainer. Should minimum wage be a livable wage? I suppose that's the question at hand, to which I say, "uhhhhh... duh?" But I understand that others feel differently.
The point of contention is what is/is not a liveable wage? If you make $15 because the feds raised your minimum, do you still get the benefit of all the other programs that put money in your pocket?

count2infinity
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Postby count2infinity » Tue Jan 26, 2021 2:27 pm

If you even believe in having a minimum wage, it should certainly go up with inflation. That seems like a no brainer. Should minimum wage be a livable wage? I suppose that's the question at hand, to which I say, "uhhhhh... duh?" But I understand that others feel differently.
The point of contention is what is/is not a liveable wage? If you make $15 because the feds raised your minimum, do you still get the benefit of all the other programs that put money in your pocket?
... yes? I don't think I understand the question.

nocera
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Postby nocera » Tue Jan 26, 2021 2:34 pm

People should receive whatever assistance they qualify for. If their income suddenly changes from $7.50/hr to $15/hr, I would assume they may no longer qualify for whatever assistance they were receiving. If they still qualify, then good on them.

Freddy Rumsen
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Postby Freddy Rumsen » Tue Jan 26, 2021 2:37 pm

Yang is doing well


Morkle
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Postby Morkle » Tue Jan 26, 2021 2:38 pm

People should receive whatever assistance they qualify for. If their income suddenly changes from $7.50/hr to $15/hr, I would assume they may no longer qualify for whatever assistance they were receiving. If they still qualify, then good on them.
:thumb:

tifosi77
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Postby tifosi77 » Tue Jan 26, 2021 2:59 pm

There's an interesting graph on this story from a few years ago that shows the decline in value of the minimum wage over the last 50-ish years.

The federal minimum wage has been eroded by decades of inaction

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