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$15 Minimum Wage Battle Moves To Other Industries


Tiberius

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Simple, get rid of cash,

 

and make all transactions online.

 

Helps keep the peasants in their place.

 

.

 

The argument has already been brought forth that getting rid of money eliminates greed.

To add to this revolutionary concept, I put forth that eliminating food will stop hunger.

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http://www.chicagotribune.com/news/ct-chicago-teachers-contract-fact-finder-report-met-20160417-story.html

 

Teacher's union rejects facts...

 

I'm wondering how they're going to pin a problem caused by decades of Democrat policies on a Republi----- oh wait.

It's ridiculous that public servants can strike and refuse to serve the taxpayers that pay them. In the case of Chicago, the teachers don't care that the city and state are in terrible fiscal condition or that their last strike and ultimate pay raise the resulted in closing 54 schools in 2013 and loss of teacher jobs. Public schools are being replaced in Chicago by private charter schools. There are now 145 charter schools in Chicago and most are non-union.

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Its job of what exactly? Going after people because of political affiliation?Then taking the 5th?

Collecting revenue for our government.

Those against raising the minimum wage often argue that it will hurt young people the most and that they “need the experience” of working at the minimum wage. But notice that theyouth unemployment rate in Germany is 7.8 percent, and in Switzerland, it is 8.5 percent. In contrast, youth unemployment is 15.5 percent in the U.S., even though the U.S.’s minimum wage (using Purchasing Power Parities exchange rates) is below that of these Germany’s and Switzerland’s $10 and $9.20 an hour respectively. In other words, both have higher minimum wages, but much lower youth unemployment rates. Their overall unemployment rate is also lower: 4.5 percent and 3.4 percent, respectively. The minimum wage makes no difference on unemployment.

 

http://www.pbs.org/newshour/making-sense/why-raising-the-minimum-wage-is-good-economics/

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What is happening in another country is of zero relevance here. Zero. Nobody who has thought about a $15 per hour minimum wage for this country can possibly conclude that jobs won't be lost. Yes more people will make $15 per hour, but less will be employed because any business that relies on cheap labor that experiences a shift in wage cost will respond by making changes designed to reduce the impact of that cost increase. Cut people, cut hours, or find more efficient ways to perform the tasks done by low cost workers. Worst case, the companies close or eliminate lines of business that become less profitable. All leads to less employment and the most vulnerable (the lowest performers) get hurt the most because the weakest employees are the first to go.

Edited by keepthefaith
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What is happening in another country is of zero relevance here. Zero. Nobody who has thought about a $15 per hour minimum wage for this country can possibly conclude that jobs won't be lost. Yes more people will make $15 per hour, but less will be employed because any business that relies on cheap labor that experiences a shift in wage cost will respond by making changes designed to reduce the impact of that cost increase. Cut people, cut hours, or find more efficient ways to perform the tasks done by low cost workers. Worst case, the companies close or eliminate lines of business that become less profitable. All leads to less employment and the most vulnerable (the lowest performers) get hurt the most because the weakest employees are the first to go.

Oh, does economics work different there? :rolleyes:

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So their biggest advocate, a liberal economics professor, is saying that at best, the negative impact of raising the minimum wage can be offset by its benefits if people and businesses would just stop panicking and ride it out...

 

At least the governor admits it isn't about improving the economy, but a step towards social "justice".

Edited by unbillievable
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The journalist is an idiot and gator once again proves he is prone to confirmation bias. Had the author bothered to look at the data for transition-from-school-to-work he would have discovered the employment rate for the 3 countries for youth. For 20 to 24 year old group the U.S. has 44.5% employed, Switzerland has 42.7%, and Germany has 35.8%. Clearly this age group is employed in the U.S. at a higher rate then either Switzerland or Germany. For the 15 to 19 age group 8.2% are employed in the U.S. while Switzerland is 3% lower at 5.2% and Germany is only 3.3%.

 

The unemployed do not include those who are employed or in education or training (NEET). Subtracting the employed plus unemployed from 100% each country gives us the percentage of youth in education or training. For the U.S. it is 38%, Switzerland at 44.9% and Germany at 54.1%. The solution appears to be just putting more youth into education or training programs to make the numbers look better. The data appears to support higher minimum wage results in less employment opportunities for entry level employment.

 

 

 

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