Seattle sees fallout from $15 minimum wage, as other cities follow suit

[mollymcgrammar]

they'd go up less because less inflation.



how many jobs stocking shelves do you think exist?

Alot, considering how many stores exist... But who cares the point is that the guys who worked hard and have solid work experience deserve to make more money than people in unskilled labor positions.

My guys who make 15 an hour work their asses off for it. They are skilled. They have training. The guy working a register at dairy queen deserves to be able to have food water and a decent place to live, but if he gets paid as much as a skilled worker, what is the motivation to learn a trade?

 

[UncleBuck]

Alot, considering how many stores exist... But who cares the point is that the guys who worked hard and have solid work experience deserve to make more money than people in unskilled labor positions.

My guys who make 15 an hour work their asses off for it. They are skilled. They have training. The guy working a register at dairy queen deserves to be able to have food water and a decent place to live, but if he gets paid as much as a skilled worker, what is the motivation to learn a trade?

so people are just gonna stop building houses if the minimum wage increases?

 

[mollymcgrammar]

so people are just gonna stop building houses if the minimum wage increases?

No, but the people who do build houses will want more money. That makes contractors raise prices, that makes property values go up which makes rental values go up.

Also, small contracting outfits will suffer. As will alot of other companies that didnt pay min wage to begin with

 

[TBoneJack]

so people are just gonna stop building houses if the minimum wage increases?

Not necessarily, but they'll stop buying fast food meals than cost way more than they can make them for at home.

 

[UncleBuck]

Not necessarily, but they'll stop buying fast food meals than cost way more than they can make them for at home.

the minimum wage in denmark is $20 an hour. their big macs cost $0.70 more.

the minimum wage in australia is $17.29. their big macs cost less than ours.

do you ever say anything that has any basis in reality?

 

[UncleBuck]

No, but the people who do build houses will want more money. That makes contractors raise prices, that makes property values go up which makes rental values go up.

Also, small contracting outfits will suffer. As will alot of other companies that didnt pay min wage to begin with

so contractors won't be able to find people willing to do building for $15 an hour?

sounds unlikely.

 

[TBoneJack]

the minimum wage in denmark is $20 an hour. their big macs cost $0.70 more.

the minimum wage in australia is $17.29. their big macs cost less than ours.

do you ever say anything that has any basis in reality?

They don't have our defense costs, or welfare state that we're paying to be poor.

 

[nitro harley]

They don't have our defense costs, or welfare state that we're paying to be poor.

Poopy pants and his super friends are to narrow minded to figure that out.

 

[mollymcgrammar]

so contractors won't be able to find people willing to do building for $15 an hour?

sounds unlikely.

Why would i take a job with a construction company for the same pay that i could make doing something much easier, safer, and less demanding?

The whole point of hard work and education is to get ahead. A 15$ an hour minimum wage sets everyone who makes 15$ an hour or more back.

I do agree that 7.25 is a joke. But 15 is awfully high, maybe some areas with a high cost of living need that. Here in NEPA that wage would be too dramatic.

 

[UncleBuck]

They don't have our defense costs, or welfare state that we're paying to be poor.

that has nothing to do with the price of beef, or bread, or rent, or electric, which is what you are paying for when you buy a big mac.

you are clownshoes.

 

[UncleBuck]

Why would i take a job with a construction company for the same pay that i could make doing something much easier, safer, and less demanding?

you're right.

carpenters will all lay down their framing hammers and switch to a ob at mcdonalds.

 

[TBoneJack]

that has nothing to do with the price of beef, or bread, or rent, or electric, which is what you are paying for when you buy a big mac.

you are clownshoes.

Buck, you're clearly a mathematician1.618 wannabe, and not an economist.

 

[UncleBuck]

Buck, you're clearly a mathematician wannabe (1.618, and not an economist.

tell me how defense spending drives up the cost of beef then, 9 time sock puppet white supremacist.

 

[mollymcgrammar]

you're right.

carpenters will all lay down their framing hammers and switch to a ob at mcdonalds.

No but they might strike, and less people will be motivated to learn trades because there is no money in it

 

[UncleBuck]

No but they might strike, and less people will be motivated to learn trades because there is no money in it

$15 an hour doesn't mean there is no money in it, it means there is $15 an hour in it.

 

[Red1966]

Lots of highly skilled workers make about 15$ an hour. Maybe nit un high cost of living areas, but here in NEPA if you make 15$ an hour and working full time, your doing quite well.

Thats something that really depends on the area. I know guys with 10+ years experience in skilled labor feilds who make less than that, and like i said before thats what most of my crew makes now.

Yeah, they will probably pissed if minimum wage goes up that much and they dont get a nice raise.

You are correct.. I consider myself highly skilled, live in a low wage area (Florida panhandle) and I make double that. There is a shortage of skilled workers in my field so that gives me a "kicker"

 

[Red1966]

The median is defined as the point where 50% of the data points lie below (or above) .
However, in this particular case, I will concede you could be correct but by accident, only.

http://www.ssa.gov/oact/cola/central.html
If one cranks out the hourly rate from the median annual data (using OECD stats for average hours worked), it should be found the median hourly wage hovers around $15.67 nationally.
So, while your logic is plausible it may be quite off the mark in the end as far as reality is concerned, ceteris paribus. A mixed outcome (some losses) would still bear out a higher median if the above amount is reasonably credible.
The point being, $15 WILL move the median higher, regardless, due to ripple effect at those margins.
But here's a following question, what will that ripple look like?
I suspect it will be akin to a sinc function.

The negative values being the "vacuum" created by corresponding wages shifting to the right (in turn, creating the positive values). It's a fairly common solution arising from Harmonic Oscillators in 3D, for instance. Considering the cyclic habits of humans and nature of liquid markets, it is not out of the range of plausibility; although, grasping the concept may be arguably difficult for the median, orthodox economist. That's why Social Sciences need more input from the Hard ones, if they are going to evolve, with the Mathematicians in the ether belittling us all for not crossing our t's and dotting our time-derivatives. Fallacious Neo-Classical perspectives have been withering away gradually since the GFC, but there is a void in their departure still needing to be filled, with plenty of tautologies yet to be dismantled.

The median is defined as the point where 50% of the data points lie below (or above) .
However, in this particular case, I will concede you could be correct but by accident, only.
Giant mound of bullshit follows

 

[mollymcgrammar]

$15 an hour doesn't mean there is no money in it, it means there is $15 an hour in it.

Yeah, and the time and effort spent learning a trade that will earn the same wage that they could earn at McDonald's... Who wouldnt want to do it.

You are correct.. I consider myself highly skilled, live in a low wage area (Florida panhandle) and I make double that. There is a shortage of skilled workers in my field so that gives me a "kicker"

If you dont mind me asking, what feild is that?

30$ an hour is great money. Now imagine if minimum wage was raised to that... Would you be happy about using your skill to earn the equivalent of minimum wage? Would you ever have learned your skill if you knew it would get you minimum wage?

 

[UncleBuck]

Yeah, and the time and effort spent learning a trade that will earn the same wage that they could earn at McDonald's... Who wouldnt want to do it.

so you're saying building will stop if we pay carpenters $15 an hour?

 

[Red1966]

Yeah, and the time and effort spent learning a trade that will earn the same wage that they could earn at McDonald's... Who wouldnt want to do it.



If you dont mind me asking, what feild is that?

30$ an hour is great money. Now imagine if minimum wage was raised to that... Would you be happy about using your skill to earn the equivalent of minimum wage? Would you ever have learned your skill if you knew it would get you minimum wage?

I'm a precision machinist. No, and No.