INSANITY Top Progressives Say $15 Minimum Wage Is Too Low, Call For $26 Minimum Wage Instead

Cardinal

Cardinal

Chickministrator
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Top Progressives Say $15 Minimum Wage Is Too Low, Call For $26 Minimum Wage Instead | The Daily Wire

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Leftists are arguing that a $15 minimum wage is far too low; instead, many are calling for a $26 minimum wage.
As originally noted by Foundation for Economic Education correspondent Brad Polumbo, online debate about the policy started with an August article from the progressive Center for Economic and Policy Research. Economist Dean Baker argued in the piece that the minimum wage ought to keep pace with overall economic productivity.


Having the minimum wage track productivity growth is not a crazy idea. The national minimum wage did in fact keep pace with productivity growth for the first 30 years after a national minimum wage first came into existence in 1938…
Think of what the country would look like if the lowest paying jobs, think of dishwashers or custodians, paid $26 an hour. That would mean someone who worked a 2000 hour year would have an annual income of $52,000. This income would put a single mother with two kids at well over twice the poverty level.
And, this is just for starting wages. Presumably workers would see their pay increase above the minimum as they stayed at their job for a number of years and ideally were promoted to better paying positions. If we assume that after 10 or 15 years their pay had risen by 20 percent, then these workers at the bottom of the pay ladder would be getting more than $60,000 a year.
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Baker acknowledges that the policy would cause mass unemployment if implemented in the present economic order; however, he recommended fundamentally restructuring the economy such that wealthy Americans earn less income.
We can start with my favorites, government-granted patent and copyright monopolies. Items like drugs, medical equipment, and computer software, which would all be relatively cheap in a free market, instead cost us huge amounts of money because of these monopolies…
The beneficiaries from patent and copyright monopolies are overwhelming those at the top end of the income distribution. Many workers in the tech sector make high six or even seven figure salaries. Lucky winners can walk away with tens or even hundreds of millions of dollars because of these government-granted monopolies. Bill Gates would probably still be working for a living if the government was not prepared to arrest anyone who made copies of Microsoft software without his permission.
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Griz3752

Griz3752

Retired, practising Curmudgeon
OldAndCrazy said:
Might as well make it $50 or 100.

Only the floor sweepers get that. Educated and experienced are stuck at less than 2% raises.
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I don't know what a sweeper gets but my wife, highly skilled in her area, a 'valued' top performer (annual reviews to support) has only seen 2% increase /year for 2 of the last 4 years.

Sounds like yet another SJW Pipedream
 
O

OldAndCrazy

Pureblood Forever
Griz3752 said:
I don't know what a sweeper gets but my wife, highly skilled in her area, a 'valued' top performer (annual reviews to support) has only seen 2% increase /year for 2 of the last 4 years.

Sounds like yet another SJW Pipedream
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Exactly. I got 1.75% last year (across the board for everyone) and trust me, I'm educated and experienced. Then this year they announce they're taking the high school grads/no experience from 12.xx an hour to 15.25 an hour. About 15 months prior they took them from 10.xx to 12.xx. I got a quarter an hour. Of course my company sucks. Get one more decent gig, get the land caught up and then I'm Galting it so freaking hard. F the system.
 
rmomaha

rmomaha

The Wise Man Prepares
That is too high for sure. But $15 an hour is not very fair either. Especially when you compare it to the upper management pay.
 
ChicagoMan74

ChicagoMan74

ULTRA MAGA
This pisses me off BIGLY.

$25 an hour working full time equates to a $52,000 annual income.

In the 1990's I worked 2 jobs and paid my way thru college minus one student loan. Highest hourly rate I acquired during that time was around $11.50 part time.

When I got my first gig in my field I started out at the equivalent of $16 an hour or about $33,000 a year. These were 1996 dollars...but still. It was 2000 or 2001 before I had attained a salary of somewhere around $50k...and that was from WORKING and acquiring additional skills and experience.

I know there has been some inflation between then and now, but nowhere NEAR this.
 
Groucho

Groucho

Has No Life - Lives on TB
At those kinds of rates, I'll probably come out of retirement. Not because I want to, but because I'll have to.
Entry level jobs are just that. ENTRY LEVEL. Then the individual learns how to work, show up, and gain more skills so he can move on to a real job and start making real money. Learn more, improve the skill set and move up. Flipping burgers is not supposed to be a career.
 
Griz3752

Griz3752

Retired, practising Curmudgeon
OldAndCrazy said:
Exactly. I got 1.75% last year (across the board for everyone) and trust me, I'm educated and experienced. Then this year they announce they're taking the high school grads/no experience from 12.xx an hour to 15.25 an hour. About 15 months prior they took them from 10.xx to 12.xx. I got a quarter an hour. Of course my company sucks. Get one more decent gig, get the land caught up and then I'm Galting it so freaking hard. F the system.
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Doesn't sound so 'old&crazy' to me

Might be time to change your handle to something like 'Mature&can't/won't_take_it_anymore'
 
Jeff B.

Jeff B.

Don’t let the Piss Ants get you down…
Baker acknowledges that the policy would cause mass unemployment if implemented in the present economic order; however, he recommended fundamentally restructuring the economy such that wealthy Americans earn less income.
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These ivory tower, pointy headed geeks don’t realize it, but there’s a fair amount of “wealthy” Americans that are simply successful working people who, in many cases are doing jobs that keep the wheels turning.

Piss them off by “fixing” things so that they get screwed and the John Galt effect will come into play. You’ll have people walk away from jobs where they or someone like them are THE ONLY ONES who can do a particular thing and they decline the pleasure.

Of course, a dweeb like Baker would be ready with diktats and governmental regulation to force those recalcitrants to continue to “contribute to society”.

Another Piss Ant! A really big one!!

Jeff B.
 
Hfcomms

Hfcomms

EN66iq
Leftists are arguing that a $15 minimum wage is far too low; instead, many are calling for a $26 minimum wage.

They fall into the classic trap that many make. A $20 bill today is essentially the same as a $20 bill from 10 years ago or even 100 years ago but what they buy is incredibly different. The problem isn't too low of a minimum wage, the problem is a failing currency. Back in 1970 you could provide from a family of four people on $9000 a year and the wife wouldn't have to work. Go back to a sound monetary system as without it everything else comes apart.
 
MinnesotaSmith

MinnesotaSmith

Membership Revoked
Imrik said:
Bring it. My mortgage is locked in.. Ill pay it off quick at this rate LOL
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Most if not all lending institution contracts have clauses in loan agreeements where they could choose to call in the loan, payment in full due right away. This is specifically designed to prevent what happened in Germany in their huge hyperinflation in ~1921, where people were paying off mortgages with a week's (or day's) paycheck.
 
SSTemplar

SSTemplar

Veteran Member
For the most part a person needs 2600$ a month to live anywhere but in a box. You can figure out the 40 hour a week minimum hourly wage yourself. If you have a fifth grade education,third grade when I was a kid.
 
20Gauge

20Gauge

TB Fanatic
end game said:
Current price for a combo meal at Whataburger is $6.99 based upon $7.25 minimum wage. The future price for the same combo based upon $26 for minimum wage would be $25.07.
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No it would not.

Labor is about 20% of the cost of the meal. If you triple labor costs you would add about 60% to the cost of the burger meal. If you consider the government costs, then you would say it would double the cost of the burger meal. It would not triple it.

Then there are the multitude of people who would also demand a raise..... truck drivers / factory processors / etc...

Under those cost considerations and how they would effect an inflating economy, you would not be able to buy the burger meal at any cost in the USA. You would need to move to a country with a stable currency and then buy one.
 
20Gauge

20Gauge

TB Fanatic
Griz3752 said:
I don't know what a sweeper gets but my wife, highly skilled in her area, a 'valued' top performer (annual reviews to support) has only seen 2% increase /year for 2 of the last 4 years.

Sounds like yet another SJW Pipedream
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It has been said and no disrespect to you and yours. You need to go galt and find a way to finance your life without selling it to the corps / government.
 
20Gauge

20Gauge

TB Fanatic
OldAndCrazy said:
Exactly. I got 1.75% last year (across the board for everyone) and trust me, I'm educated and experienced. Then this year they announce they're taking the high school grads/no experience from 12.xx an hour to 15.25 an hour. About 15 months prior they took them from 10.xx to 12.xx. I got a quarter an hour. Of course my company sucks. Get one more decent gig, get the land caught up and then I'm Galting it so freaking hard. F the system.
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This is the way to do it. Find a way to get out of the system. Find a way to produce enough to satisfy you and yours without having to run the hamster wheel.
 
Griz3752

Griz3752

Retired, practising Curmudgeon
Tristan said:
No, their thinking is "From each according to their abilities, to each according to their needs".

Unless they're one of the Special People - then they get Dachas.
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If you weren't so on tsrget with that, it could be funny ... almost.
 
Blacknarwhal

Blacknarwhal

Let's Go Brandon!
Dobbin said:
I disagree. A living wage BEGINS at $100 per hour. $4000 per week. $200K per year.

Today that is.

Of course next year this time it will be $1000 per hour.

Dobbin
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Or just, like, half a dozen potatoes.

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