Biden wants a $15 hourly federal minimum wage. Is America ready?

Robbie3000

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So this minimum wage hike is for federal government employees only? I thought it was for everyone? Like that pimple faced teenager at subway or the bored, senior citizen door greeter at walmart. No?

:patrice:

He can raise the minimum wage for federal employees via exec order. For everyone else, if will require a law.

I think private sector employees should look to Federal gov’t employees on how to move.
 

Atlrocafella

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... and costing jobs.
When and how the wage is raised should be decided by each state.
Economies vary wildly across the country.
This. A restaurant probably paying their busboys and waiters minimum wage now. You up that to $15, the restaurant either raise prices of their food to cover the cost or they eliminate some employees to manage the cost. Multiply that across the country and you’re losing millions of jobs.
 
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Robbie3000

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This. A restaurant probably paying their busboys and waiters minimum wage now. You up that to $15, the restaurant either raise prices of their food to cover the cost or they eliminate some employees to manage the cost. Multiply that across the country and you’re losing millions of jobs.

So you want people to make $7.50 in perpetuity, so you can continue paying a buck for a double cheeseburger at McDs? Got it.
 

mastermind

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This. A restaurant probably paying their busboys and waiters minimum wage now. You up that to $15, the restaurant either raise prices of their food to cover the cost or they eliminate some employees to manage the cost. Multiply that across the country and you’re losing millions of jobs.
So you believe that people in mass will stop eating out if we had to pay for healthcare, $15 minimum wage and 401k for the staff? Think about what you are saying here. If this is mandated across the country, you think every restaurant will close?
 

DEAD7

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So you want people to make $7.50 in perpetuity, so you can continue paying a buck for a double cheeseburger at McDs? Got it.
Less than 2% of the labor force is paid the min wage...:comeon:
That said, more and more states are bumping their min wage up slowly as they see fit. No need for a federal ham handed approach.

I think your job costs too much and youre passing too much of those costs to the end consumer/stakeholder. why don't you take a pay cut down to $7.25 an hour? You're not worth it and you're not very skilled.
:umad:The Market disagrees
 

DEAD7

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The sort of thinking in this thread is why we've loss manufacturing.:snoop:
We need to be making it cheaper to do business in this country not more expensive.
Proper taxation and redistribution is the answer not higher barriers to entry.
 

Atlrocafella

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So you believe that people in mass will stop eating out if we had to pay for healthcare, $15 minimum wage and 401k for the staff? Think about what you are saying here. If this is mandated across the country, you think every restaurant will close?

First, I’m only stating what the congressional budget office has stated, which is there will be millions of job lost. This has nothing to do with my belief.

Secondly, I did not say restaurants would close, I said restaurants would have to either raise prices or eliminate some employees.
 

mastermind

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First, I’m only stating what the congressional budget office has stated, which is there will be millions of job lost. This has nothing to do with my belief.

Secondly, I did not say restaurants would close, I said restaurants would have to either raise prices or eliminate some employees.
The evidence in Seattle and New York didn’t show this before the pandemic started.

You can’t run kitchens with small staff, and people are willing to pay for their meal.

The supply chain of restaurants may have to change and we will finally end tipping.
 

Atlrocafella

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The evidence in Seattle and New York didn’t show this before the pandemic started.

You can’t run kitchens with small staff, and people are willing to pay for their meal.

The supply chain of restaurants may have to change and we will finally end tipping.
I agree, if they need those workers, then restaurants will need to raise prices, which I’m sure the majority of people won’t be opposed too. I certainly won’t.
 

Domingo Halliburton

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The sort of thinking in this thread is why we've loss manufacturing.:snoop:
We need to be making it cheaper to do business in this country not more expensive.
Proper taxation and redistribution is the answer not higher barriers to entry.

Are you saying top income tax rates and corporate tax rates are too low?
 
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