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Thread: Los Angeles Raises Minimum Wage to $15 an Hour

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    Re: Los Angeles Raises Minimum Wage to $15 an Hour

    Quote Originally Posted by Anomalism View Post
    Good news for the fight against income inequality.

    http://www.nytimes.com/2015/05/20/us...hour.html?_r=0

    The nationís second-largest city voted on Tuesday to increase its minimum wage to $15 an hour by 2020 from the current $9 an hour, in what is perhaps the most significant victory so far in the national push to raise the minimum wage. The increase ó which the Los Angeles City Council passed in a 14-1 vote ó comes as workers across the country are rallying for higher wages, and several large companies, including Facebook and Walmart, have moved to raise their lowest wages. Several other cities, including San Francisco, Seattle and Oakland, Calif., have already approved increases, and dozens more are considering doing the same. In 2014, a number of Republican-leaning states like Alaska and South Dakota also raised their state-level minimum wage by referendum. The impact is likely to be particularly strong in Los Angeles, where, according to some estimates, more than 40 percent of the cityís work force earns less than $15 an hour.
    Unless the rest of California goes along with this it will be a futile effort.It will just cause companies to move outside of L.A,.Or since California metaphorically sucks the testicles of pro-illegals and the traitorous scumbags who hire this will encourage more scumbags to hire illegals instead of paying the 15 dollar an hour wage.
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    Re: Los Angeles Raises Minimum Wage to $15 an Hour

    Quote Originally Posted by maxparrish View Post
    Not everyone in the LA Basin is as insane as its politicians. David Neumark, UC Irvine labor economist, regarded as the most prolific researcher in labor economics, TRIES to explain his findings to the City nitwits:

    Why market forces will overwhelm a higher minimum wage - LA Times
    That's a very informative article, but one that won't be received very well by the left. Here are a some of the most significant passages:

    Simply requiring employers to pay $15 won't provide much ballast against these market forces. In fact, data indicate that minimum wages are ineffective at delivering benefits to poor or low-income families, and that many of the benefits flow to higher-income families. That's because minimum wages target low wages rather than low family incomes. And many minimum-wage workers are not poor or even in low-income families; nearly a quarter are teenagers who will eventually find better-paid jobs. Moreover, most poor families have no workers at all.

    As a result, for every $5 in higher wages that a higher minimum imposes on employers, only about $1 goes to poor families, whereas roughly twice as much goes to families with incomes above the median....

    snip

    Based on my research, I think it is likely that a $15 minimum wage in Los Angeles will lead some teenagers currently focused on their education to take part-time jobs at the new, higher minimum, and displace low-skilled workers from the jobs they now hold. That seems like a bad outcome.

    snip

    The most comprehensive survey of minimum wage studies, which I conducted with William Wascher of the Federal Reserve System, found that two-thirds of studies point to negative employment effects, as do over 80% of the more credible studies.
    Anyway, thanks for the link.

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    Re: Los Angeles Raises Minimum Wage to $15 an Hour

    Quote Originally Posted by ARTHUR 1976 View Post
    Good for LA!!, it's about time cities are FINALLY getting it!!

    Notice how it's only the Blue states that are raising poverty wages??

    And I don't wanna hear any BS about how it is a job killer, Seattle has the country's highest minimum wage and it's unemployment rate is only 4%, which is lower than Texas, Georgia and Mississippi all Red right to work states..

    Right to work= modern slavery..
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    500,000 workers in the second half of 2016, relative to
    what would happen under current law."


    Page 9

    https://www.cbo.gov/publication/44995
    Last edited by DA60; 05-20-15 at 01:41 AM.
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    Re: Los Angeles Raises Minimum Wage to $15 an Hour

    Quote Originally Posted by KevinKohler View Post
    Counter point...what will dems say when increases to minimum wage don't result in economic paradise?
    I believe that a living wage is a necessary, but not sufficient, requisite for economic justice. Livable neighborhoods, reductions in food deserts, better transportation networks, better support for public schools, etc. are also things that I believe are necessary. A living wage is just one piece, but one important piece.

    BTW, I'd like to address Kevin's post in its own right. It is a challenge to a liberal talking point that is actually rational, reasonable, and free from snide comments--truly a rare find around here. Well done.

    Libertarians and conservatives, please refer to this example of how you're supposed to do it.

    Inb4 I get examples of how you're NOT supposed to do it.
    "Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances." --First Amendment to the United States Constitution

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    Re: Los Angeles Raises Minimum Wage to $15 an Hour

    Quote Originally Posted by poweRob View Post
    Let me clear something up for you. ALL markets have rules that establish and run them.
    yep your right and those rules are fluid with market changes.
    one of those rules is as you raise the floor so do the several things.

    it raises the cost to do business.
    which means businesses have to increase revenue. there are only 3 ways they can do this.

    1. let it eat their profit. (not going to happen)
    2. Increase prices (can only increase it so much before people won't buy it)
    3. Replace staff with more automation or fire people and work less hours.

    well there is a 4th option.
    hire more people working 20 hours a week which is about the same they would make working 40 hours now.

    the next problem you have is called scale in pay.

    if the cashier is making 15 an hour then the supervisor who is making a few dollars more is going to want a raise.
    the IT guys is going to want a raise everyone is going to want a raise above what the lowest guy on the pole got.

    it is called economy of scale. so now you have caused massive inflation as prices have to go up in order to pay for it all.
    you also have priced some people out of a job.

    I no longer hire no skilled workers. the training costs are just to much to bare.
    basically you eliminate jobs for people that need them the most.

    you lessen the ability for them to enter the job market.

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    Re: Los Angeles Raises Minimum Wage to $15 an Hour

    Quote Originally Posted by Phys251 View Post
    I believe that a living wage is a necessary, but not sufficient, requisite for economic justice. Livable neighborhoods, reductions in food deserts, better transportation networks, better support for public schools, etc. are also things that I believe are necessary. A living wage is just one piece, but one important piece.

    BTW, I'd like to address Kevin's post in its own right. It is a challenge to a liberal talking point that is actually rational, reasonable, and free from snide comments--truly a rare find around here. Well done.

    Libertarians and conservatives, please refer to this example of how you're supposed to do it.

    Inb4 I get examples of how you're NOT supposed to do it.
    define a living wage with a hard number. no business can justify paying 15 dollars to a dish washer or a bag boy.
    the value of what they do simply isn't there. that is the problem.

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    Re: Los Angeles Raises Minimum Wage to $15 an Hour

    Quote Originally Posted by jamesrage View Post
    Unless the rest of California goes along with this it will be a futile effort.It will just cause companies to move outside of L.A,.Or since California metaphorically sucks the testicles of pro-illegals and the traitorous scumbags who hire this will encourage more scumbags to hire illegals instead of paying the 15 dollar an hour wage.
    Yes, but those immigrants are Americans too, just like us, they just don't have the right papers. So decreed our great leader. So when the immigrant gets that lower paying job, and the citizen is still unemployed, it's called success in California.

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    Re: Los Angeles Raises Minimum Wage to $15 an Hour

    Quote Originally Posted by ludin View Post
    define a living wage with a hard number. no business can justify paying 15 dollars to a dish washer or a bag boy.
    the value of what they do simply isn't there. that is the problem.
    I could counter that by saying no business can justify paying anyone 6,000 per hour or more either.
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    Re: Los Angeles Raises Minimum Wage to $15 an Hour

    Overall, even as the increase in Los Angeles' minimum wage will be phased in over 5 years, it should make for an interesting policy experiment. IMO, barring structural changes e.g., increased educational attainment, the minimum wage increase will likely have more adverse outcomes than what has been experienced in Seattle to date. Seattle, with its highly-educated population and knowledge-centered economy was in a much stronger position to handle the increase with modest negative outcomes. Los Angeles has a much less well-educated population and notably lower per capita income than Seattle. Put another way, it has a much larger lower-wage labor pool than Seattle and its local economy is much less productive than Seattle's. Unless Los Angeles can increase its economic productivity to a level necessary to finance the impact of the minimum wage increase, economic theory would suggest that it would experience more adverse labor market outcomes than Seattle has.

    A brief comparison of the two cities is below:

    Last edited by donsutherland1; 05-20-15 at 09:08 AM.

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    Re: Los Angeles Raises Minimum Wage to $15 an Hour

    I'm of the opinion that minimum wage should be indexed to cost of living. It can be difficult for a person living in rural Kansas to understand that 15 bucks an hour still doesn't get a person very far in San Francisco, because 15 bucks is simply a lot more money in Kansas than San Francisco.

    In general, though, large increases in the minimum wage will only exacerbate the trend towards conglomeration at the expense of small business. Small businesses are already squeezed and for those businesses having just a small handful of employees, a sudden increase in payroll can be very challenging.
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