New ( Repub) Stimulus Package Expected Today - Here's What Will Likely Be In It
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The issue of a federal mandated minimum wage is a different question than how wages effect prices.
I support a federal minimum wage and I put it in the same category as health and safety laws.
Churches should never get tax dollars since they don't pay any taxes. Even the poorest people end up having to pay taxes. Sure they may get back their income taxes, but they still have to pay sales tax and payroll taxes, for example. Churches and their employees don't even have to pay that much as far as I'm aware.
$600 is only equovalent to $15 an hour for a 40 hour work week. We should be asking why big businesses have CEOs raking in billions of dollars a year while their lowest paid employees can qualify for food stamps. Jeff Bezos, for example, makes more in a minute than the average Amazon warehouse worker makes in a year.
More money per hour with less hours gives people a chance to work another job, which means more total money in their pockets.
But antoher thing you don't say must happen to keep profits the same: stop compensationg your highest level leadership 10s to hundreds of millions of dollars a year while your lowest level employees have to work multiple jobs just to afford to live.
In my state, without the $600 in unemployment that expires this week, the amount of money I could get in unemployment is less than what I made working full-time as an entry level associate at a grocery store over a decade ago. People act like unemployment pays so much you don't have any need to work. That is not the case at all. If you're only income is unemployment (without the $600), you've living in poverty.
https://www.cnbc.com/2020/01/02/sea...es of the effects of,pay for low-wage workers.
This article provides arguments for both sides of the issue, but I'll point out the ones that conflict with your apparent beliefs
Studies of the effects of the Seattle wage hike have had different findings: A 2017 University of Washington study found that while wages went up, hours worked declined, resulting in less pay for low-wage workers. But in a follow-up published last year, the authors noted that this wasn’t the case for everyone, and experienced workers in low-wage jobs saw their earnings rise.
Another from researchers at the University of California, Berkeley released in 2018 found that the wage hikes increased pay and have not led to job losses. The Berkeley and Washington studies measured different groups of workers, with varying results.
When the minimum wage increase in Seattle passed, Chad Mackay, CEO of Fire & Vine Hospitality, a Pacific Northwest hospitality group, he decided to reevaluate his business model.
“When we projected out the minimum wage increases, and the loss of a tip credit [which allows employers to count tips toward minimum wage], we realized we would be functionally bankrupt if you were to fast forward seven years in the future. We decided the business model was broken, and it’s time for us to change,” Mackay said.
Fire & Vine has long paid above minimum wage in the front and back of house due to demand for talent in the market and the company’s beliefs on professional pay. The company moved to a commission-based model, with a 20% service charge for diners. Servers are paid out an hourly wage and a 15% commission and can make $70 or more per hour in the Seattle market, up from some $45 an hour earlier. Guests can also leave extra tips for servers if desired. Those in the back of the house like dishwashers begin between $17 and $20 an hour — some 40% over where they were prior.
The wage increases haven’t hurt his business: He’s nearly doubled in size, with some 600 workers today with 12 locations under management.
You act like it's easy to just go get a better paying job or that it's easy to go get the education and training needed to advance in most professions.
I don't like the job I am in, I've been job hunting for weeks. I'm lucky to find a full-time job that pays more than $12 an hour (which you can't live off of around here), and lol at one that comes with any benefits, unless you have an engineering degree or some kind of medical degree or certification. Now if you come in from outside the area with extensive experience in engineering or manufacturing and an advanced degree, then you have a stew going, but of course that's not realistic for many.
It's the free market working, but it's also a case proving that paying people more doesn't mean paying people more is going to be the apocalypse all the anti-minimum wage folks say it is.
Even an online college education isn't overly affordable for many Americans, even with loans. And going part-time is going to take you probably at least six years. And many them charge more per credit hour for going part-time than full-time, so in the end you're paying more for the same degree just because you can't afford to or don't have the time to work full-time and go to school full-time.
If you're working full-time (or even over 40 hours) just to make ends meet, going to college is going to be a tough thing to be able to afford. But let's say you get loans that can cover anything that isn't covered by scholarships and grants if you're lucky to get any. There's no guarantee that getting this degree is going to get you a better paying job, so what are you going to do when those loans need to start being paid off?
Well obviously I wouldn’t get a college degree if I wasn’t going to get a higher paying job than I would otherwise (if I were paying for it). Too many people go to college that shouldn’t (or get a degree that’s worthless). Either of those describe you?
I'm a free market capitalist and I believe people should have the right to make as much money as they can, and in fairness many of the super billionaires like Bill Gates and Warren Buffet have put huge amounts of money into causes that benefit humanity.
But OTOH there is a growing disproportionate level of wealth world wide not just in the US but more significant here. Less and less money is going to the middle and bottom and more and more to the elite 1% or 2%. This is not only unfair and creates personal issues, it weakens the economy as it takes money away from the spenders and allows it to be hoarded by the investor class.
I think one thing that would be beneficial would be to empower share holders to approve of the compensation packages of the CEO and CFO by vote. Another thing is for congress to take up the tax code and eliminate loopholes that allow those with high paid accountants and tax lawyers to evade paying their fair share and simplify the code so that people can understand it.
But OTOH there is a growing disproportionate level of wealth world wide not just in the US but more significant here. Less and less money is going to the middle and bottom and more and more to the elite 1% or 2%. This is not only unfair and creates personal issues, it weakens the economy as it takes money away from the spenders and allows it to be hoarded by the investor class.
I think one thing that would be beneficial would be to empower share holders to approve of the compensation packages of the CEO and CFO by vote. Another thing is for congress to take up the tax code and eliminate loopholes that allow those with high paid accountants and tax lawyers to evade paying their fair share and simplify the code so that people can understand it.
I got my undergrad in sport management. Worked in sports for like 13 years starting as an intern as a senior but got burnt out from regularly working 50-60+ hours a week. I guess you could go and say 16 years if you want to count my time as the basketball team's manager/student assistant as work since I did that for all four years.
Went straight into grad school and a graduate assistant position after I finished undergrad and got my MBA. I basically hated or disliked every class other than marketing, organizational management and behavior, and the capstone course that was all project work that mostly didn't involve the stuff I hated most.
But skills, how long you got buddy?
- Basic HTML, HTML 5, and CSS - and working on adding more coding to the resume by taking some free classes on the side when I have the chance. CSS was kind of complicated, learning this stuff is a young man's game.
- Marketing
- Public Relations
- Communications
- Graphic Design and Desktop Publishing
- Staff Management and Recruiting (and I HATE recruiting)
- Event Management and Planning
- Creative and PR Writing
- Professional web streaming of sporting events
- Social Media Management (as in creating the accounts, creating the posts, creating posting strategies, analyzing the analytics to optimize the strategy, etc.)
- Content Management Systems
- Website Analytics
- Adobe Photoshop, InDesign, Illustrator, Premiere
- Pixelmator Pro
- Affinity Photo
- iMovie and basic video editing
- Sports Statistics Software
- Sports Scoreboard and graphics board software (you know the fancy graphics and video screens at arenas that show videos and pictures and what not)
- Microsoft Office
- Google Docs, Sheets, Slides
I'm fine with keeping some tax exemptions, but it's got to be performance or incentive based. You paid your employees a specific wage and offered specific benefits? Well you're good to go, here's your tax exemption.
What is it exactly you’re complaining about and what do you feel would be a solution for it. You seem to think CEOs make too much, do you feel if they made less this would solve your employment issues? I’m not sure I’m following what it is exactly you’re advocating for.
It did well for me for those 13 years working in sports. I just have no desire to work in that field anymore. I have a good paying marketing job now for my area (though with atrocious benefits) where I only work 40 hours a week, I just don't like it. It's not at all like what was represented to me in the job advertisement or both interviews. And I wouldn't have that job now if it wasn't for the 13 years of marketing, PR, and communications experience I gained working in sports.
Where I am now mostly isn't well suited for folks outside of manufacturing, engineering, medicine, or financial though. I looked into financial world even though I don't particularly like it. I don't have any connections in that world, so I'd have to do entry level work in that. After reading about what is entailed into doing entry level work, it's more or less the exact same working conditions that drove me to get burnt out and leave working in sports so didn't exactly sound logical for me to pursue that path. 50-60+ hours a week is easy to tolerate when you love what you're doing, when you wake up every morning wishing you didn't wake up, working 50-60 hours a week isn't tolerable.
There are some opportunities here and there but not much, luckily I got an interview for a marketing job with Centra Health coming up this week. My best bet would be to leave the area, but I moved back here so I can help my parents who increasingly need the help, so moving away isn't really an option.
I wouldn't say I shouldn't have gone to college, especially sine I had free undergraduate tuition since my mom worked at the school and my graduate assistant position provided free graduate tuition. The path it led to exposed me to some of the best friends I'll ever have and some really nice experiences that I will never have been able to have otherwise.
I also wouldn't say that perhaps going to a trade school might have been a better decision from both a financial and personal satisfaction standpoint though.
These all sound like personal “issues”/decisions. When you were saying you couldn’t find something paying 12 dollars an hour I thought you were implying it was systemic.
Nothing is stopping you from selling books out of you’re garage. I don’t think I’ve ever seen Bezos claim he was underpaid when he worked at McDonald’s. Could be wrong.
It is systemic when the vast majority of jobs I've seen posted for two years running don't pay a living wage.
In this scenario specific to myself and only myself, my CEO making less would only have marginal effect if any on my income given I work for a small business, unless she makes a hell of a lot more than I am under the impression that she makes. But I'm also not complaining about how much I make right now (though I will complain about the pitiful benefits offered). I'm complaining about how many employers pay ****** wages.
But let's take the example of Jeff Bezos, who is worth $178.2 billion. He could easily afford to pay all Amazon and Whole Foods employees a living wage without sacrificing any of his quality of life. Is that situation going to be applicable to every company in the country? No. Some pay the best they can reasonably afford to pay, many barely pay above minimum wage despite being more than capable of being able to pay much better.
You dont seem to understand how Bezos made his billions - its by owning stock in a company he founded that turned into one of the largest in the world. His actual salary is something like $80k.
What’s the market salary for a person of his skill set and accomplishment?
Um yeah, not even close to what I said. A little insight to how business works, but Amazon is in the business of making money and the $80k salary is really all he is taking from the bottom line. His billions come outside of the daily operations.
In fantasy world he could just pay all his warehouse employees $100k a year. In reality if the cost of doing business goes up then the amount all these small businesses pay Amazon to store/sell their products goes up, the amount consumers pay goes up, then whatever raise the low/mid range workers made gets taken out by inflation. Amazon workers are paid what the market says they should be paid, the fact that the founder own billions in stock does not change that.
I stand corrected due to security and benefits $1.6 million is Bezo's total compensation from Amazon (he does not receive stock options and bonuses like other CEOs) he should just waive that and give all 800,000 Amazon employees an extra $2 a year and solve all the worlds inequality problems.
Start a company that pays what you think is a living wage.
FWIW:
Salaries at Amazon.com Inc range from an average of $59,594 to $152,633 a year. Amazon.com Inc employees with the job title Senior Solutions Architect make the most with an average annual salary of $155,913, while employees with the title Warehouse Associate make the least with an average annual salary of $29,192.
https://www.payscale.com/research/US/Employer=Amazon.com_Inc/Salary
IMO $29K for an entry level unskilled job is pretty decent.
Salaries at Amazon.com Inc range from an average of $59,594 to $152,633 a year. Amazon.com Inc employees with the job title Senior Solutions Architect make the most with an average annual salary of $155,913, while employees with the title Warehouse Associate make the least with an average annual salary of $29,192.
https://www.payscale.com/research/US/Employer=Amazon.com_Inc/Salary
IMO $29K for an entry level unskilled job is pretty decent.
It’s probably because you’re looking at jobs that shouldn’t support a living wage. When I started college, I couldn’t find a job that paid a living wage.......so, I worked 2-3 jobs......got through college.....started at the bottom of my company and worked my way up......at this point I shouldn’t have any trouble retiring a multimillionaire.
Minimum wage was not created to provide the lowest amount that someone could live off of. Minimum wage was created so that employers didn’t gouge too unfairly.
Let’s guarantee everyone a salary of $200k per year while we’re at it...
Sure...why not. I think most economic models conservatives adhere to have done nothing other than transfer vast amount of wealth to a small segment of society and not much else.
And liberals have kept their voters on the government teet rather than trying to work their way out.