The more I think about this minimum wage issue, maybe I am just a greedy capitalist and don't understand the economics of bubble up and only understand the politics of trickle down.
Instead of $8.50 an hour...a sum Legislators would not allow their sons or daughters to work for....why not make the minimum a true living wage....Say $20 an hour.
That's $800 a week or $40,000 a year. That's still well below the average public sector employee, but its a start at reaching the American Dream.
I think the Silver proposal passes as the Governor is playing both sides on this one but will throw the bone to the left when all is said and done. There will be a couple GOP Senators crossing over too.
What do you think ?
Department Of Responses: Skelos Still Against Minimum Wage
21 comments:
This along with higher gas prices which will cause an increase in product prices is just more reason why businesses will have to increase prices in turn slow down buying and bingo you end up with laying off people.
Timing is not right for this now.
Higher paychecks are difficult to legislate and they should stop trying. There are truly minimum wage jobs for entry level or high school part time work.
I don't know where you get your information, but a $40,000 wage is not "well below the average public sector employee". You are always looking for ways to stick it to public employees on this blog. Not all public employees are cops or firemen or school superintendents or state senators Mr. Mayor. Most work at menial jobs that do not come close to the six figures you are fixated on, or even half that. But I am sure you will come up with some toll collector on Long Island that made $500,000 last year. Makes a good headline but doesn't tell the real story. FoxNews has warped not only your journalistic abilities, but also your reasoning.
Everything else Cuomo has done has involved leaking the idea of something terrible and then enacting something half as bad. And then spinning it...like calling it a tax cut.
So if he leaks/floats the idea of $8.50 but only passes $8 or $8.25 then he can call it a minimum wage cut. And the MSN will print it verbatim as his press release headline dictates and Patty Plate the RIONO will rubber stamp it.
Having a minimum wage that's not a living wage is just a politician's trick. Make the peons think that you are doing something without actually doing anything.
I have no doubt that 329 is a Republican right to the core.. Too bad some people may live a little more comfortable and share the dream.. Get off social service and make ends meet on their own.. Of course we cant have that because if socail service looses clients they would have to cut public sector jobs.. It depends on the profit margine dosnt it.. The owners of the business must also share in the pain folks.. Its not all roses you know like Doheny making his MIllions on the blood of Pennsylvania workers he laid off to get his profit margine...
Like anything else it has its good points along with the bad.. Rich vs Poor as usuall....
I see California, Oregon, and Washington on that list and which is losing industry to Texas in the blue. Since California is clearly a state we like to emulate with it's failed economy could we not learn form a state that is actually growing?
What do I think? I think you're trolling, because you're not stupid and you know the impact something as foolish as that would have on small business.
Minimum wage should be allowed some regional variability. $8.50 an hour goes a lot farther in Gouverneur than it does in NYC or Buffalo.
On size definitely does not fit all.
If you really do understand trickle down econ, you will know why it doesn't work.
Doesn't matter what we think. Hasn't mattered for over 20 years. N.Y. City politicians run the State and they do as they darn well please regardless of the consequences for the State or anyone doing business in this State.
I think what we'll see in a lot of cases is if a small business usually employs 10 people, with a hike in minimum wage they may make do with 7 employees instead.
We raised the drinking age to 21 and put kids on their parents health plans until they are 30. We give free no co-pay birth control pills to 30 year old perpetual college students. And now today we want to force small business to pay kids the same wage you would pay an adult. Which makes sense because you are not an adult until you are 30-something. But the problem is business is not going to pay kids that much no matter what the libruls say.
Businesses will cut hours and close locations and hire fewer young people if any. The smaller towns will lose a few diners and pizza shops. And mommy will have to pay for the cell phone plans for junior herself with the child support check, because no one will hire junior.
The big thing to look at is all the places that already pay above minimum wage in this state. I wonder why those places do that????????Libruls? Bueller? Anyone?
BTW...Justine you are wrong...3:23 is a Democrat that fancies himself to be an economist.
4:36 your "don't like sh%t sandwiches because you don't like bread" argument is not working. The mayor is counting your $40k worth of free stuff like pensions not just your overpriced pay scale.
Thats a foolish assumption.. If your a business man running with ten just to be a good guy and give someone a job then you need to go to Ogdensburg and be checked out at the Psyc center up there.. If you can do with seven then you would be doing with seven.. If you get a minimum wage hike it is up to the government to increase some breaks for small business.. Tax breaks, incentive breaks etc....
8:45 am sounds like a bitter failure at work, love, raising a family and pretty much life in general. Nothing left but to post ignorant 'poor me' posts on this blog. Sounds like a librul to me.
6:38 it is not that I am Republican or Democrat it is simple economics and common sense.
And it is called motivation to improve yourself if you are stuck in a minimum wage job then life is about choices. Do something for yourself to improve your position in life instead of expecting someone else to do it for you.
9:38 welcome to the economics of small business if people buy less because of product price increases due to higher minimum wage and gas cost then you have to run a business with fewer people. It is referred to as PED or price elasticity.
..."The mayor is counting your $40k worth of free stuff like pensions not just your overpriced pay scale..."
Wrong knothead. The Mayor was discussing the minimum wage which has nothing to do with benefits. As for the whole shit sandwich thing I have no idea what that even means, do you? And you end by calling the payscale overpriced, refuting the whole premise of your post. You are truly laughable. Mayor, this whole blog has come down to the intellectual level of the JeffCo Weboard, which means no one over a 90 IQ need reply. Go Rush, Go Hannity. Goodbye.
"...90 IQ [...] Don't you think that's stretching it a bit?
The average government employee makes much more than $40k when you factor in the health care package, the early retirement, the job security, the time off, and in the case of educators, the half-time work schedule.
It must be consoling for the ‘Authoritarian Party’ to be so comfortable in their ideology that they don’t need (or care) to look at all of the evidence.
True, if all you use is a simple supply and demand graph where you hold demand for labor fixed, a higher minimum wage 'may' increase unemployment, but such a limited equilibrium analysis is incomplete, ambiguous and dishonest.
Both the product price and productivity is subject to change because the fixed costs of hiring and training do not show up in the simple supply/demand model.
Beyond “Simple Economics for Dummies” you might look into intermediate economics and labor economics to get a more accurate picture of how labor markets actually work.
Then look at the empirical evidence (all of it, not just the stuff that seems consistent with your spoon fed ideology). But of course, conservatism and lazy thinking are synonymous.
Incidentally, if the federal minimum wage had been adjusted for inflation since 1968 ($1.68)… it would currently be over $10 per hour.
The leftists are still living in 1968.
When you factor in all the free stuff people get then they are making a million times as much as they made in 1968.
If you are going to raise their wages then you should take away some of their free stuff.
Earned income tax credits, housing assistance, WIC, HEAP...the list is endless.
Everyone lives a more leisurely life with more things today then they did in 1968. The poorest of poor still have their cell phones and eat out at least once a week. They have better cars and more televisions and more everything.
Your economic analysis makes thinking people laugh out loud. No Conservative holds the labor demand static in an analysis. On the contrary, they know the demand will go down.
“The leftists are still living in 1968.”
And the far right is still living in 1568… what’s your point?
Sounds like anon 12:20 is suffering from employment envy. Take a test if you want the job so bad, loser. If you are so smart you should be able to make over 100K in the private sector.
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