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Thread: Why a federal minimum wage law?

  1. #61
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    Re: Why a federal minimum wage law?

    Quote Originally Posted by Lord of Planar View Post
    Well, keep in mind, I don't believe a minimum wage should be necessary. However, if we are going to have minimum wage standards, then I can see applying a higher value to jobs that require skill vs. those that don't. ...
    Lord of Planar, a minimum wage rate is The Minimum Wage Rate for almost all wages; it does not regulate wages or determine the differences between occupational or tasks wages.

    But you're proposing the government should further intervene and determine the differences between wage differentials which are now determined by each individual enterprise's managers. I consider that to be an undesirable proposal.
    Quote Originally Posted by I'm Supposn View Post
    Wage differentials are determined by each individual employer. When the minimum wage is increased, all other wage rates generally go up. Lower and lesser middle-wage rate increases are usually immediate. ...
    I suppose most economists or managers of businesses would be opposed to government undertaking a task for which government can contribute nothing of additional value; but are too likely to inadvertently harm our economy, but I fear there are too many in government that would be eager for government to do so.

    Due to similar reasons, many question the tasks undertaken by the Federal Reserve Board are justified. They suppose the board should, as the CBO and the OMB does, have responsibilities to analyze and advise, rather than have any power to actually order or direct any government enactments.

    Respectfully, Supposn

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    Re: Why a federal minimum wage law?

    Quote Originally Posted by bluesmoke View Post
    Using CPI by region, not by state, would be an improvement if thatís what you also recommend. ...
    Bluesmoke, each sovereign state may enact higher minimums within their own jurisdictions. The federal minimum reduces the extent of harm that any state's minimum or lack of minimum can inflict upon any of our nation's other states. Short answer, I'm comfortable with a federal minimum and respect for states' sovereignties.
    Respectfully, Supposn
    Quote Originally Posted by I'm Supposn View Post
    SDET, the federal minimum wage rate is a minimum rate. States may, and many have enacted a higher minimum within their own jurisdiction.

    Delegates to the 1787 Constitutional Convention determined a federal law was necessary for reducing the economic harm that a U.S. State may deliberately or inadvertently inflict upon any other State, particularly an adjoining state.
    The constitution's commerce clause was enabled by delegates from wealthier states agreeing to sacrifice their own states' advantages. Without such compromises, the constitution would not have been ratified and our nation might not have survived to this day. That compromise is no less needed now, as it was in 1787. ...

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    Re: Why a federal minimum wage law?

    Quote Originally Posted by Drawdown View Post
    No need to be coy. The 1968 MW had the highest purchasing power in history. It would be $11.86 today and 125% of that would be $14.60

    Why not just say you support $15.00 MW?

    I support going to $9.50 immediately and then stepping up from there 75 cents every 3 years.


    BTW the reason we have MW IMHO is to make it easier to debase the dollar, basically letting inflation liquidate the opportunity cost of debt.
    If only prices would stay below that 2.25. That is the real problem.

    1: People are making carers out of Mcdonalds; that was problem one.

    2: middle class trade jobs have been driven underground as far as money for purchasing power.

    3: The investment market has been keeping wages down while prices go up in order to make return on investment.

    4: The country's been thrown under the bus in order to service the investment markets.

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    Re: Why a federal minimum wage law?

    Quote Originally Posted by bluesmoke View Post
    Using CPI by region, not by state, ... Starting out using the existing min. wage base by state, though, is hardly near a more equivalent state-to-state, region-to-region or locale-to-locale when based on a living wage. Also, once you arrive at your goal, that may not be a living wage, depending on the state or region. Thatís why I recommended the living wage model that includes more finite geography for what area a specific minimum wage will be applied.

    I would say, though most any statistical model has some subjectivity, the COL model Iíve posted before, and am now posting again, is about as objective and fair (meaning because it applies COL and to more finite areas) as Iíve seen, IMO. To support states and employers getting there, I would recommend federal subsidies, that regress until gone, supporting a set annual percentage increase, like you recommended though not necessarily the same %. The % would be based on how much the federal govt. could subsidize.

    Living Wage Calculator
    Bluesmoke, when a living-wage is mentioned, I equate it with a living (annual) income.
    There is or have somewhere been (extremely few) experimental temporary testing of a ďliving incomeĒ concept. Minimum income is a public assistance concept.

    Employer responsible for a living wage that's dependent upon the size of an employee's family is less feasible. Regardless of enforcing any law, employers would give preference to single individuals that do not contribute to the support of their families. That would be preferences for those in lesser, rather than greater need for their wages.

    Respectfully, Supposn
    Last edited by I'm Supposn; 08-13-19 at 11:33 AM.

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    Re: Why a federal minimum wage law?

    Quote Originally Posted by Drawdown View Post
    I have no advocated for differing MW rates, but they do exist at the federal lever (waitresses) and at some state levels (NYC's lower rate for smaller employers)
    Drawdown, yes; I sit, (because I'm not standing before my keyboard), corrected. Respectfully, Supposn

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    Re: Why a federal minimum wage law?

    Quote Originally Posted by Lord of Planar View Post
    ... Now i don't know about shooting for 125% of 1968 purchasing power. Wouldn't 100% be good enough?

    Besides, my main point was no sudden large increases at a time, and making them quarterly rather than annual. Makes the adjustments for business and economy easier.
    Lord of Planar, the $1.60 minimum wage rate of February-1968 has been reduces by 39%. That's of equivalent adjusted for inflation value of $11.98 in June-2019, a half century later. A 125% of that is less than $15.

    Its unreasonable to hope our economy's wages should be somewhat improved for my grandchildren's generation?

    Annual adjustments are sufficiently slow durations of deliberations and enactments. Respectfully, Supposn
    Last edited by I'm Supposn; 08-13-19 at 12:25 PM.

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    Re: Why a federal minimum wage law?

    Quote Originally Posted by Drawdown View Post
    I am not the one arguing for a $15 MW. I do believe the Minimum Wage should be increased some primarily for non-tangibles like utilities, making telecommunications more affordable, the cost of going to the dentist, insurance, etc. I am a proponent of value added taxes or even a national sales tax to put downward pressure on consumption of discretionary tangibles, and would be open to them occurring simultaneously to curb increased pollution that otherwise would occur with increased consumption of goods brought on by the MW increase. Smart metering, nationwide fiber, and all the other bells and whistles technology brings will drive up prices for consumers for services even if the prices for good is more muted.
    Quote Originally Posted by Lord of Planar View Post
    I would use utilities, housing, and food. The basic necessities.
    Drawdown & Lord of Planar, minimum wage rate is legally enforced upon employers, not their enterprises' products. Respectfully, Supposn

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    Re: Why a federal minimum wage law?

    Quote Originally Posted by I'm Supposn View Post
    Bluesmoke, each sovereign state may enact higher minimums within their own jurisdictions. The federal minimum reduces the extent of harm that any state's minimum or lack of minimum can inflict upon any of our nation's other states. Short answer, I'm comfortable with a federal minimum and respect for states' sovereignties.
    Respectfully, Supposn


    I agree that each state can enact higher minimums than the federal minimum wage. I can’t tell that you disagree with my COL/CPI recommendation or remain with what you recommended by your reply. I think it would be impossible to impose federal jurisdiction of minimum wage by area upon a state, thus only statewide, but would still publish to the states federal recommended COL by locale for each state as they may see fit to use. There are no sovereign individual states in America. The only sovereign state is the USA.

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