5 ms·

IMHO, the problem here is they could have done this before. Forcing them to do so has wider implications for smaller companies, so maybe the real solution could

by proc0 5y ago

IMHO, the problem here is they could have done this before. Forcing them to do so has wider implications for smaller companies, so maybe the real solution could have been some way to specify which kind of companies should have a minimum wage. I think Chipotle is in a position to do this while many other companies wil ljust have to eliminate positions.

true_religion 5y ago
The minimum wage already eliminates positions. It’s just that thanks to inflation, every year more and more tenuous jobs can be made available since the minimum wage doesn’t track the rising revenue. Given enough time, the minimum wage would simply cease to be impactful. We should reset the minimum wage to at least levels on par with what it would be inflation adjusted. That impact on the economy was the intention of the law in the first place. Jobs that are lost are jobs we never intended to exist in the first place. Remember, you can still do lower than minimum wage work if you work for yourself. With a hiked wage, no longer will corporations be able to capture this section of the market, and instead small businesses can do it instead which would be more stimulative for the economy.
- proc0 5y ago
  > Jobs that are lost are jobs we never intended to exist in the first place. I'm not so sure of that, we couldn't possibly assess the full impact here, but I guess we'll see what happens. I would think constraining large companies only would be the solution here, and small companies have more options because presumably the employer and employee relationship is much tighter and they can sort things out better. Hope it works out for the best.
- thatguy0900 5y ago
  Wasn't the original minimum wage meant to support a family on one income? Is that really a realistic goal in a modern two worker family setting?
  - bern4444 5y ago
    I think this is looking at the situation a bit backwards. Most families have both parents working so they can afford to live at the same level that a family in the past could afford with one working parent. If minimum wage was meant to support a family where only one adult is working then we would in fact need to double it to really make it have the same effect it did in the past. I'm not saying we should do this, just pointing out that raising the min wage is absolutely a worthwhile goal and so much value has been ripped away from the majority of Americans from inflation.
    - thatguy0900 5y ago
      I definetly agree with raising it, it's basically entirely useless right now as it's so low awful jobs already pay more than it anyway. it just seems trying to make it entirely inflation adjusted is ignoring the reality of women entering the workforce. I think two people working full time on minimum wage should be able to afford a stable family though.
      - true_religion 5y ago
        Of those making the minimum wage or less, 62% are women and 38% are men. If we have to think about women in the workforce, then let’s start by considering that the majority of people working awful jobs for awful are women and that even if they leave those jobs they still have a wage gap inflicted upon them. The minimum wage is meant to help people by enforcing fairness, and in this case it will likely help women.
  - proc0 5y ago
    I think it should have been written differently to begin with. I'm not a lawyer but they could probably target specific people to benefit from minimum wage (i.e. by age group), and/or have the minimum be a function of a number of factors. So minimum wage for a teenager with no kids is different than an adult with a family.

by proc0 5y ago

true_religion 5y ago

The minimum wage already eliminates positions. It’s just that thanks to inflation, every year more and more tenuous jobs can be made available since the minimum wage doesn’t track the rising revenue. Given enough time, the minimum wage would simply cease to be impactful. We should reset the minimum wage to at least levels on par with what it would be inflation adjusted. That impact on the economy was the intention of the law in the first place. Jobs that are lost are jobs we never intended to exist in the first place. Remember, you can still do lower than minimum wage work if you work for yourself. With a hiked wage, no longer will corporations be able to capture this section of the market, and instead small businesses can do it instead which would be more stimulative for the economy.

proc0 5y ago
> Jobs that are lost are jobs we never intended to exist in the first place. I'm not so sure of that, we couldn't possibly assess the full impact here, but I guess we'll see what happens. I would think constraining large companies only would be the solution here, and small companies have more options because presumably the employer and employee relationship is much tighter and they can sort things out better. Hope it works out for the best.
thatguy0900 5y ago
Wasn't the original minimum wage meant to support a family on one income? Is that really a realistic goal in a modern two worker family setting?
- bern4444 5y ago
  I think this is looking at the situation a bit backwards. Most families have both parents working so they can afford to live at the same level that a family in the past could afford with one working parent. If minimum wage was meant to support a family where only one adult is working then we would in fact need to double it to really make it have the same effect it did in the past. I'm not saying we should do this, just pointing out that raising the min wage is absolutely a worthwhile goal and so much value has been ripped away from the majority of Americans from inflation.
  - thatguy0900 5y ago
    I definetly agree with raising it, it's basically entirely useless right now as it's so low awful jobs already pay more than it anyway. it just seems trying to make it entirely inflation adjusted is ignoring the reality of women entering the workforce. I think two people working full time on minimum wage should be able to afford a stable family though.
    - true_religion 5y ago
      Of those making the minimum wage or less, 62% are women and 38% are men. If we have to think about women in the workforce, then let’s start by considering that the majority of people working awful jobs for awful are women and that even if they leave those jobs they still have a wage gap inflicted upon them. The minimum wage is meant to help people by enforcing fairness, and in this case it will likely help women.
- proc0 5y ago
  I think it should have been written differently to begin with. I'm not a lawyer but they could probably target specific people to benefit from minimum wage (i.e. by age group), and/or have the minimum be a function of a number of factors. So minimum wage for a teenager with no kids is different than an adult with a family.