Sanders, Dems introduce $15 minimum wage bill

[Petie Estie 5,741]

22 minutes ago, Gaga Monster said:

No it wouldn't. if the minimum wage was raised to $15, I would have to fire employees. I barely make a profit myself because of regulations, taxes, and fees. I also spoke with other small business owners who hire a lot of employees and most of them agreed they would have to scale back on labour. You are talking about small business owners losing thousands of dollars

Cool you have years after this passes to figure out a business model that doesn't really on the working poor

[Bye 3,947]

2 minutes ago, Luc said:

These people didn't create any jobs  these jobs would've existed otherwise.

 

Of course, some CEOs (like Bill Gates) aren't greedy at all. They see that they, in hindsight, don't need billions of dollars. However, most CEOs - especially those on top of banks - are easily replaceable and don't contribute to society and thus do not deserve a wage higher than, say, 500k. Hell, some of them earn over 10 million. You're not going to tell me that these people literally worked 10000 times harder, because that's impossible! These people were born with privilege - they had their daddy's contacts helping out, they had daddy's life lessons helping out and they were born with higher intelligence. Did they work 10000 hours a day instead of 1 hour a day? That's impossible. I'm not going to deny that they worked hard to get where they are, but they sure as hell aren't skilled enough to be making such a shitload of money and they sure as hell didn't work hard enough to be given such a wage.

 

Now let's talk about investors and shareholders. If you have 5 million dollars invested with a 3% dividend, you can basically sit all day enjoying your life while earning 150k a year. Did these people work hard? Contribute to society? Did they deserve such a high reward? Because that's where a lot of the money goes to, rather than those who work for the company at the bottom.

 

 

but back on topic, nobody deserves to live in poverty. A 15$ minimum wage might be a little too high, but $12 or $13 should definitely be considered in 4 years from now (unless there's another crisis, yuck).

Agree with you. And a crises possibly caused because of the greed of these same rich people, perhaps?  

[Luc 4,776]

13 minutes ago, MJHolland said:

The unemployment rate is not as simple as just saying 4% 

We have record low workforce participation, which greatly has underestimated the actual unemployment rate. 

 

And higher wages at the bottom and middle segments will encourage more to join the workforce.

[Gaga Monster 13,001]

2 minutes ago, Whispering said:

A year and a half ago you were in high school. You were looking for quotes for your yearbook and "writing for your school paper". For the next eighteen months, all that you talked about was classes that you were taking. Who calls a college level History class "Social Studies"? Did you start a small business in your eighteen months of college or are you working at Daddy's business? (Or referring to that all along) I do know a couple of people who had something like a very small landscaping operation (3 people) by the time they were Sophomores in college. I also know a girl that got a small clothing shop business given to her by her Daddy because she couldn't handle the classes. 

No I own my own small business and no I don't use daddy's money. I poured hours and hours of hard work into it and used my life savings a few years ago. And no it isn't land scaping. You don't know me, you don't know all the work I put in, and you don't know how hard I worked to get to where I am now. And guess what, I deserve my money, and I am not paying people $15 an hour without firing employees because I have so much to pay already. I know you weren't trying to come off rude, but some of what you said was offensive, you don't know what I went through and you don't know all the hours I put in. I had nothing. I worked so hard and for you to try and pass me off as Daddy's money is very offensive. 

[Whispering 18,865]

12 minutes ago, MJHolland said:

OK but how do they know what the best minimum wage is for the whole country? 

Yes a $15 min wage might be great in cities like Seattle or states like Vermont, but it could be deveststing for poor areas of the south (like Alabama) where small businesses can barely pay the current min wage 

There isn't one because each state sets its own really, that's how it should be. 

This bill demonstraits a huge lack of understanding of the individuals needs of each state.

 

Good point. In the state I live in, this would mean that a worker at McDonald's would make as much as a starting salary for a teacher. 

Doubling the minimum wage for every state isn't going to make sense. Bernie has been in Vermont for too long...sometimes I think that he thinks everyone is white and living in a wealthy, liberal state. Lol

[Luc 4,776]

3 minutes ago, Biotic said:

Agree with you. And a crises possibly caused because of the greed of these same rich people, perhaps?  

Maybe.

(probably just a cyclical one, though)

[Whispering 18,865]

3 minutes ago, Gaga Monster said:

No I own my own small business and no I don't use daddy's money. I poured hours and hours of hard work into it and used my life savings a few years ago. And no it isn't land scaping. You don't know me, you don't know all the work I put in, and you don't know how hard I worked to get to where I am now. And guess what, I deserve my money, and I am not paying people $15 an hour without firing employees because I have so much to pay already. I know you weren't trying to come off rude, but some of what you said was offensive, you don't know what I went through and you don't know all the hours I put in. I had nothing. I worked so hard and for you to try and pass me off as Daddy's money is very offensive. 

A few years ago you were in high school. 

Life savings? That you made in high school? 

I was just giving examples of people who were able to start businesses in college. I never said it was landscaping. 

 

[Luc 4,776]

2 minutes ago, Whispering said:

Good point. In the state I live in, this would mean that a worker at McDonald's would make as much as a starting salary for a teacher. 

Doubling the minimum wage for every state isn't going to make sense. Bernie has been in Vermont for too long...sometimes I think that he thinks everyone is white and living in a wealthy, liberal state. Lol

Vermont is not a wealthy state  GDP per capita is 8000$ under the US average.

 

Salaries for other low-income/mid-segment workers (those who earn a little more than $15, till like $25) would be forced to rise, of course.

[Whispering 18,865]

3 minutes ago, Luc said:

Vermont is not a wealthy state  GDP per capita is 8000$ under the US average.

 

Salaries for other low-income/mid-segment workers (those who earn a little more than $15, till like $25) would be forced to rise, of course.

If you lived in the area I lived in, Vermont would be a wealthy state! Lol

Vermont is in the top twenty states overall:

> Median household income: $56,990
> Population: 626,042 (2nd lowest)
> 2015 Unemployment rate: 3.7% (9th lowest)
> Poverty rate: 10.2% (4th lowest)

The typical Vermont household earns $56,990 a year, roughly $1,200 more than the typical American household. With a slightly higher than normal median household income, poverty is far less common in the Green Mountain State than it is across the country. Only 10.2% of Vermonters live below the poverty line, a smaller share than in all but three other states. Higher incomes and a lower poverty rate across the state is likely partially attributable to higher educational attainment rates. In Vermont, 36.9% of adults have at least a bachelor’s degree, higher than 30.6% of American adults with similar education.

[MJHolland 12,725]

14 minutes ago, Luc said:

And higher wages at the bottom and middle segments will encourage more to join the workforce.

Unlikely because there will be less job positions due to them being more expansive for employers 

[Economy 53,144]

Hummmm... easpecially with the value of US Dollar I think $15 might be a little too high

 

Also such a sudden increase would cause near term inflation problems

 

I think $12/h is a better balance tbh

A decent minimum wage will increase consumption, lower income gap, and improve productivity as companies make sure each worker can produce well

 

But if its too high for low skilled jobs that too can have bad impacts

[Born To Slay 10,996]

10 minutes ago, Whispering said:

If you lived in the area I lived in, Vermont would be a wealthy state! Lol

Vermont is in the top twenty states overall:

> Median household income: $56,990
> Population: 626,042 (2nd lowest)
> 2015 Unemployment rate: 3.7% (9th lowest)
> Poverty rate: 10.2% (4th lowest)

The typical Vermont household earns $56,990 a year, roughly $1,200 more than the typical American household. With a slightly higher than normal median household income, poverty is far less common in the Green Mountain State than it is across the country. Only 10.2% of Vermonters live below the poverty line, a smaller share than in all but three other states. Higher incomes and a lower poverty rate across the state is likely partially attributable to higher educational attainment rates. In Vermont, 36.9% of adults have at least a bachelor’s degree, higher than 30.6% of American adults with similar education.

Now I kinda wanna go to Vermont. Seems nice. No wonder Bernie moved there.

[Economy 53,144]

18 minutes ago, Whispering said:

Good point. In the state I live in, this would mean that a worker at McDonald's would make as much as a starting salary for a teacher. 

Doubling the minimum wage for every state isn't going to make sense. Bernie has been in Vermont for too long...sometimes I think that he thinks everyone is white and living in a wealthy, liberal state. Lol

He has good intentions but tbh there are many points of view he has that dont make practicle sense

[Luc 4,776]

5 minutes ago, MJHolland said:

Unlikely because there will be less job positions due to them being more expansive for employers 

Job growth will only be slowed down, not killed. There will be less job positions but remember that these people simply don't look for jobs all day, else they would've been part of the 4% that is unemployed. These people lack motivation to go to the market, because (for example) it's not worth it the hassle, or because they can't get a job (bad excuse with 4% unemployment) or because their husband makes the money anyways.

 

When they get a job, they create their own demand. They go to the job market, earn more and spend more, creating jobs in turn. You just need to engage those people. Countries like the UK, Norway and Sweden seem to be doing a better job at this.

[Whispering 18,865]

1 minute ago, Born To Slay said:

Now I kinda wanna go to Vermont. Seems nice. No wonder Bernie moved there.

Not until you get you free college education and work for four years in New York! The cost of college education in Vermont is very expensive. (top five for state schools) You have your whole life, though! Move after you pay off your debt to NY!