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Thread: San Francisco Becomes First U.S. City to Top $10 Minimum Wage

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    Re: San Francisco Becomes First U.S. City to Top $10 Minimum Wage

    There is always going to be need for getting rid of ineffective or simply stupid regulations, BUT i would bet that the vast majority of regulations are there for a good reason, one way or the other.

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    Re: San Francisco Becomes First U.S. City to Top $10 Minimum Wage

    To me, I would say serving fast food is a much more difficult job than some standard desk job. You're always on your feet, doing multiple tasks at once, just because there is an endless supply of labor doesn't diminish the job. I think its more demanding than say balloon-payment-mortgage loan officer or mortgage-backed-security investor. Just because one job requires "supposed" skills and one has no prerequisites does not diminish the work. And it's not just only teenagers working minimum wage jobs, older people do work them too, although if only teenagers did work them we wouldn't need to raise the minimum wage but I don't think that's how it is.

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    Re: San Francisco Becomes First U.S. City to Top $10 Minimum Wage

    Quote Originally Posted by Opteron View Post
    To me, I would say serving fast food is a much more difficult job than some standard desk job. You're always on your feet, doing multiple tasks at once, just because there is an endless supply of labor doesn't diminish the job. I think its more demanding than say balloon-payment-mortgage loan officer or mortgage-backed-security investor. Just because one job requires "supposed" skills and one has no prerequisites does not diminish the work. And it's not just only teenagers working minimum wage jobs, older people do work them too, although if only teenagers did work them we wouldn't need to raise the minimum wage but I don't think that's how it is.
    I'm sure it's far harder than being an appraiser also. Not really why one gets paid far more than the other.

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    Re: San Francisco Becomes First U.S. City to Top $10 Minimum Wage

    Well, if we all got payed for how hard our job is overall, wouldn't that be nice lol, but thats not how it works, and it shouldn't work that way, I may be progressive mostly, but i still support a free market, a regulated, free market that is. If a business wants to pay their CEO a huge salary, whos to say "no you can't do that"? its a private business, its their decision, their money that they made.

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    Re: San Francisco Becomes First U.S. City to Top $10 Minimum Wage

    Ya, true it is supply and demand and that's why Alex Rodriguez and Albert Pujols get $250 million because there is only one of them. Their work is not too difficult, play a game and practice, but it is limited by supply. But that's why I support at least a minimum floor, to right the situation a bit.

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    Re: San Francisco Becomes First U.S. City to Top $10 Minimum Wage

    Quote Originally Posted by FFDP666 View Post
    Well, if we all got payed for how hard our job is overall, wouldn't that be nice lol, but thats not how it works, and it shouldn't work that way, I may be progressive mostly, but i still support a free market, a regulated, free market that is. If a business wants to pay their CEO a huge salary, whos to say "no you can't do that"? its a private business, its their decision, their money that they made.
    For god sakes no...I wouldn't make any money.

    Just kidding.
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    Re: San Francisco Becomes First U.S. City to Top $10 Minimum Wage

    Regulation For Dummies

    ...To answer the most basic question—has regulation increased?—we'll focus on what the government defines as "economically significant" regulations. Those are rules that impose more than $100 million in annual costs on the economy, though there are hundreds if not thousands of new rules every year that fall well short of that.

    According to an analysis of the Federal Register by George Mason University's Mercatus Center, the Cabinet departments and agencies finalized 84 such regulations annually on average in President Obama's first two years. The annual average under President Bush was 62 and under President Clinton 56...

    A useful proxy for the overall level of regulatory activity is the government document known as the Unified Agenda, which details all proposed or final rules and is compiled twice a year by the federal Regulatory Information Service Center. The nearby chart shows the trend of major rules under contemplation since 1995, including the most recent from this spring...



    The current number of major new rules is 149, which is an historic high. Regulation started to grow in the aftermath of 9/11, and even more with the Pelosi Congress in 2007. Yet both the rule-making rate and number are surging to even higher levels under Mr. Obama.

    Not every rule in the Unified Agenda will ultimately go on the books, while others will appear in multiple seasons. On the other hand, the agenda is a lagging indicator. It often skips over "interim final rules" that bypass the ordinary process of notice and comment, like many of those for ObamaCare. The independent agencies also do much of their rule-making through "guidance" that is technically exempt from Unified Agenda reporting...

    One problem with all such estimates is that they are based on self-reporting by government. Some agencies like the EPA have a habit of exaggerating benefits and hiding costs, but more importantly its analysis is done before the rules take effect in the real world. Often the true cost of regulation isn't merely compliance but slower growth that diminishes consumer welfare by allocating capital and labor to less valuable or productive uses.

    The evidence is overwhelming that the Obama regulatory surge is one reason the current economic recovery has been so lackluster by historical standards. Rather than nurture an economy trying to rebuild confidence after a financial heart attack, the Administration pushed through its now-famous blitz of liberal policies on health care, financial services, energy, housing, education and student loans, telecom, labor relations, transportation and probably some other industries we've forgotten. Anyone who thinks this has only minimal impact on business has never been in business.

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    Re: San Francisco Becomes First U.S. City to Top $10 Minimum Wage


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    Re: San Francisco Becomes First U.S. City to Top $10 Minimum Wage

    good thing it cuts off right at 1995.

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    Re: San Francisco Becomes First U.S. City to Top $10 Minimum Wage

    The second paragraph of the article made sense once you put the situation into context.

    Obama has approved 4.7 percent fewer rules than Bush had at the same point in his presidency, but they cost businesses more, according to a Bloomberg News analysis. Obama's regulations are expected to cost businesses between $100 million and $4.1 billion more than Bush's, Bloomberg finds. Still, neither president's rules have cost as much as the annual high the costs of the elder Bush's regulations hit in 1992.
    I assume Bush's (jr) regulations were around security and had to do more with 9/11.
    We went from sticks and stones may break my bones but words will never hurt me to safe spaces.

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