Senate passed legislation raising the Federal Minimum Wage

[Jason Tate]

Just moments ago, by a resounding vote of 94-3 (http://bobgeiger.blogspot.com/2007/02/senate-democrats-hammer-through-minimum.html), the United States Senate passed legislation raising the Federal Minimum Wage for the first time in a decade.” Bob Geiger has details on where the legislation goes from here (http://bobgeiger.blogspot.com/2007/02/senate-democrats-hammer-through-minimum.html).

:appl:

[thejetstolehome]

:clap:

[aminorthreat55]

Good. Although in this state the living wage is $11.03.

[Lueda Alia]

Sweet.

Here in Ontario the minimum wage increases $0.25 every year on February. Funny coincidence. Anyway, I believe they're trying to increase it it to $10 or so. I can only pray that it's going to happen soon because it would be amazing.

[thatwasamoment]

hello raise for me :-)

[aminorthreat55]

Furthermore they should eliminate the loopholes that states use to get out of the federal minimum wage laws. Especially the rules concerning employees who receive tips.

[wesgemm08]

This might have helped me when I was 14..

[LostSymphonies]

i better get a fucking raise if all the kids at the goddamn burger joints are making 6.75/hr

[love_american_style]

i'll still get shit on....my company is on a wage freeze.

[Jason Tate]

Furthermore they should eliminate the loopholes that states use to get out of the federal minimum wage laws. Especially the rules concerning employees who receive tips.
Agree.

[love_american_style]

Furthermore they should eliminate the loopholes that states use to get out of the federal minimum wage laws. Especially the rules concerning employees who receive tips.

they almost pulled that shit on me when i used to deliver pizza.

[Sleepaway]

Good news for americans.

The minimum wage here is £4.20, but i make £5.05.

[Hot Damn]

low level workers at cd duplication plants that leak albums are stoked.

someone had to say it. :shrug:

[Love As Arson]

Furthermore they should eliminate the loopholes that states use to get out of the federal minimum wage laws. Especially the rules concerning employees who receive tips.
I would prefer a law that placed constraints on the ability of business to make a raise in minimum wage irrelevant by raising the prices of various commodities.

[takingbackrufio]

Something tells me there will be some bitter employees as a result of this-- ones that are currently sitting above minimum wage, but aren't guaranteed a raise even though the lesser-qualified employees below him/her will close the gap. I guess it depends on how much of a jump there is from the current minimum to the raised minimum.

Still, it's a good thing, but there will be consequences. Certainly what Dom pointed out would be ideal.

[MusicalSpirit]

Good news for americans.

The minimum wage here is £4.20, but i make £5.05.

Yet, I'm jealous.

Currency Exchange.
5.50 Euro=6.55 Dollars
More than I make in an hour.

And the raising of minimum wage will be good for about a year until inflation catches up. Because they raised minimum wage, everything else will go up in price too, and it will eventually over an extended -x-year period, regulate to what minimum wage amounts to now, in that, it's not enough to pay for alot.

[Ambulance X]

You guys are retarded. All this does is raise the prices of EVERYTHING.

[Jason Tate]

You guys are retarded. All this does is raise the prices of EVERYTHING.
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[Ambulance X]

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Nah. As convincing as a clip from scrubs is, you haven't changed my opinion.

[takingbackrufio]

WrjwaqZfjIY&embed=1
Post of the year, 2007.

[saysmydoctor]

Actually, it is correct. Restaurants have to rake out more money to employees. But not only that, they have to pay more into social security, etc. Where do you think that money comes from? You, the consumer. But you can't keep the same prices and think that will succeed in alleviating the stress that is now on top of you because you have to pay a higher price to say 20 people. The dollar and some change adds up over time and eventually you'll have to raise prices to alleviate the stress. Business 101.

[Jason Tate]

Actually, it is correct. Restaurants have to rake out more money to employees. But not only that, they have to pay more into social security, etc. Where do you think that money comes from? You, the consumer. But you can't keep the same prices and think that will succeed in alleviating the stress that is now on top of you because you have to pay a higher price to say 20 people. The dollar and some change adds up over time and eventually you'll have to raise prices to alleviate the stress. Business 101.
Yeah, exactly, they may teach that to you in Business 101 but by the time they teach you Business 400 you've taken Economics 300 and know that (http://www.msnbc.msn.com/id/15227667/) it's not true at all (http://www.epinet.org/content.cfm/webfeatures_viewpoints_raising_mini mum_wage_2004).

Prices rise regardless of a minimum wage increase, as anyone with eyes over the past 10 years will have noticed by now. There is no correlation with the rise of minimum wage and a more than standard (ie: without the wage increase) rise in prices.

[atticus1492]

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the end.

[saysmydoctor]

Yeah, exactly, they may teach that to you in Business 101 but by the time they teach you Business 400 you've taken Economics 300 and know that (http://www.msnbc.msn.com/id/15227667/) it's not true at all (http://www.epinet.org/content.cfm/webfeatures_viewpoints_raising_mini mum_wage_2004).

Prices rise regardless of a minimum wage increase, as anyone with eyes over the past 10 will have noticed by now. There is no correlation with the rise of minimum wage and a more than standard (ie: without the wage increase) rise in prices.
I'm talking exclusively about the industries that are affected by the wage hike. Restaurant Industry, Department Stores, Fast Food Industry. If you increase the wage, it will effect the prices in 'a more than standard' way. Economists want a wage hike because it's good for business cause it doesn't affect their business. Tell that to the mom and pop restaurant on main street in a small town Kentucky. The family run business employs say 24 employees, various cooks, waiters, greeters, etc. They have to give each a buck or so more and pay into their social security. They are going struggling to make profit unless they increase their prices--or increase income by increase consumption.

[Jason Tate]

I'm talking exclusively about the industries that are affected by the wage hike. Restaurant Industry, Department Stores, Fast Food Industry. If you increase the wage, it will effect the prices in 'a more than standard' way. Economists want a wage hike because it's good for business cause it doesn't affect their business. Tell that to the mom and pop restaurant on main street in a small town Kentucky. The family run business employs say 24 employees, various cooks, waiters, greeters, etc. They have to give each a buck or so more and pay into their social security. They are going struggling to make profit unless they increase their prices--or increase income by increase consumption.
And I'm telling you - as respectfully as I can - you're wrong.

Seriously -- after you've taken more than Business 101 (you're 16, you haven't even taken that), you'll be taught this sort of thing. I provided links (http://www.epinet.org/content.cfm/webfeatures_viewpoints_raising_mini mum_wage_2004) that have (http://links.jstor.org/sici?sici=0022-0515%28198206%2920%3A2%3C487%3ATEOT MW%3E2.0.CO%3B2-C) plenty of information on what you're discussing. I recommend you start there.

Or if you want to jump right into an exact example about something you yourself brought up:

Minimum Wages and Employment: A Case Study of the Fast Food Industry in New Jersey and Pennsylvania (http://ideas.repec.org/a/aea/aecrev/v84y1994i4p772-93.html)

This was the common argument made by outdated economists and textbooks over the past few years; however, all of the data now shows it to be faulty thinking. I've provided you more than amble evidence for this, if/when you go to college and/or if/when you study this -- you'll learn these things.

[concernedparent]

I live in california, so minimum wage is already higher here than most places.

[saysmydoctor]

And I'm telling you - as respectfully as I can - you're wrong.

Seriously -- after you've taken more than Business 101 (you're 16, you haven't even taken that), you'll be taught this sort of thing. I provided links (http://www.epinet.org/content.cfm/webfeatures_viewpoints_raising_mini mum_wage_2004) that have (http://links.jstor.org/sici?sici=0022-0515%28198206%2920%3A2%3C487%3ATEOT MW%3E2.0.CO%3B2-C) plenty of information on what you're discussing. I recommend you start there.

Or if you want to jump right into an exact example about something you yourself brought up:

Minimum Wages and Employment: A Case Study of the Fast Food Industry in New Jersey and Pennsylvania (http://ideas.repec.org/a/aea/aecrev/v84y1994i4p772-93.html)

This was the common argument made by outdated economists and textbooks over the past few years; however, all of the data now shows it to be faulty thinking. I've provided you more than amble evidence for this, if/when you go to college and/or if/when you study this -- you'll learn these things.
You brought up valid points. You even showed me a case study about the effects of a hike IN 1992. It's 2007. It's been since 1997 since the last wage hike, in a entirely different economy where the big corporations aren't suffering and the small businesses. It's a new world.

[falloutboy.]

this is why im glad i work in a union grocery store, im making a cool 15.96

[Jason Tate]

You brought up valid points. You even showed me a case study about the effects of a hike IN 1992. It's 2007. It's been since 1997 since the last wage hike, in a entirely different economy where the big corporations aren't suffering and the small businesses. It's a new world.
Then you should read the first two articles (and the third that you ignoring) that are expressly related to SMALL BUSINESSES.

Hell, this is common knowledge for any college level econ class now. I refuse to argue with a 16 year old about this -- I'm not making this up, I'm not lying. This is simply true and accepted by almost every economist.

The scholarly (http://www.mitpressjournals.org/doi/pdfplus/10.1162/154247604323015481) literature (http://www.blackwell-synergy.com/links/doi/10.1111/j.0013-0133.2003.00200.x/abs/) is extensive (http://www.blackwell-synergy.com/links/doi/10.1111/j.0013-0133.2003.00196.x/abs/).

[saysmydoctor]

Then you should read the first two articles (and the third that you ignoring) that are expressly related to SMALL BUSINESSES.

Hell, this is common knowledge for any college level econ class now. I refuse to argue with a 16 year old about this -- I'm not making this up, I'm not lying. This is simply true and accepted by almost every economist.

The scholarly (http://www.mitpressjournals.org/doi/pdfplus/10.1162/154247604323015481) literature (http://www.blackwell-synergy.com/links/doi/10.1111/j.0013-0133.2003.00200.x/abs/) is extensive (http://www.blackwell-synergy.com/links/doi/10.1111/j.0013-0133.2003.00196.x/abs/).
Just because some guy with a doctorate says it is so, doesn't make it so. I work a minimum wage job and the very things I stated are slowly beginning to occur.

[music3chick]

this is why im glad i work in a union grocery store, im making a cool 15.96

ah, that's sweet

--
I'm glad they realized the minimum wage was too low. Good for them.

I think the raise should be higher than that, but that's just me.

[aminorthreat55]

Just because some guy with a doctorate says it is so, doesn't make it so. I work a minimum wage job and the very things I stated are slowly beginning to occur.
Post hoc ergo propter hoc.

[Jason Tate]

Just because some guy with a doctorate says it is so, doesn't make it so. I work a minimum wage job and the very things I stated are slowly beginning to occur.
Really, they started to occur in LESS THAN 24 hours? That's fucking amazing. Because, you realize this JUST HAPPENED, right? The wage increase hasn't even occurred yet. So for it to "slowly begin to occur" that would mean, what, it's happening in seconds instead of microseconds? And in the future? Are you for real?

As for "some guy" - you mean some 650 economists, 5 Nobel prize winning economists, and every scholarly journal on the topic? Yeah. "Some guy."

[atticus1492]

Really, they started to occur in LESS THAN 24 hours? That's fucking amazing. Because, you realize this JUST HAPPENED, right? The wage increase hasn't even occurred yet. So for it to "slowly begin to occur" that would mean, what, it's happening in seconds instead of microseconds? And in the future? Are you for real?

As for "some guy" - you mean some 650 economists, 5 Nobel prize winning economists, and every scholarly journal on the topic? Yeah. "Some guy."

/argument.

[asmolitor]

ah, that's sweet

--
I'm glad they realized the minimum wage was too low. Good for them.

I think the raise should be higher than that, but that's just me.


well for what it's worth, the raise is actually about $1 more than what it would be solely accounting for inflation from 1997 to 2006. then again, to be paying people a higher "real wage" than what the CPI would lead you to think is fair... probably a good idea considering how increasingly screwed lower-paid workers have been over the last decade or so.

[icameonherface]

Furthermore they should eliminate the loopholes that states use to get out of the federal minimum wage laws. Especially the rules concerning employees who receive tips.

Servers can receive minimum wage and then lose their tips...we're the only country that tips so higly...


If you are/were a server, which would you prefer?

[icameonherface]

Yeah, exactly, they may teach that to you in Business 101 but by the time they teach you Business 400 you've taken Economics 300 and know that (http://www.msnbc.msn.com/id/15227667/) it's not true at all (http://www.epinet.org/content.cfm/webfeatures_viewpoints_raising_mini mum_wage_2004).

Prices rise regardless of a minimum wage increase, as anyone with eyes over the past 10 years will have noticed by now. There is no correlation with the rise of minimum wage and a more than standard (ie: without the wage increase) rise in prices.

I'm not sure, but is their correlation between job loss, underemployment, rising costs and to meet the same profit margins, rising prices?

I'm asking questions, not asking to be attacked.