Another Liberal Initiative Bites The Dust! $15/HR MW Dead

[Spare_change]

The Fight for $15 minimum wage campaign appears to have collapsed. After tens of millions of dollars were pumped into it by labor unions, specifically the Service Employees International Union (SEIU), the workers that this movement attempted to energize with the promise of higher wages are just not enthused anymore. In fact, what Seattle, which passed a phased-in $15/hour minimum wage law, has shown is that such wage increases led to fewer job opportunities, fewer hours worked, and less money to take home. It reduces wages earned. In New York, the results have been the same, fewer hours worked, less money taken home. Around 1,000 restaurants have closed due to the increased overhead costs of labor. Even USA Today’s editorial board noted that everyone should tread carefully concerning minimum wage hikes thanks to the results we’ve seen out of Seattle.

“If $15 is too much in Seattle, a booming and wealthy city whose region is home to the likes of Amazon and Microsoft, it is too much elsewhere,” they wrote.

Bill McMorris of The Washington Free Beacon has more [emphasis mine]:

The Fight for 15 movement garnered headlines nationwide with demonstrations calling for a $15 minimum wage, but those protests appeared to have petered out in 2017, just four years after its launch, according to a report.

The movement, which has received tens of millions of dollars from the politically influential Service Employees International Union (SEIU), staged protests in just 30 cities in 2017, down from more than 600 in 2016, according to an analysis from the Employment Policies Institute (EPI), a pro-market think tank that opposes minimum wage hikes.

Critics say that the decrease points to the lack of enthusiasm among actual employees at the fast food franchises where protesters amassed, as well as the astroturf nature of the campaign. EPI managing director Michael Saltsman said that the movement is "running out of steam" and contrasted the SEIU's investment in the movement to that of the United Food and Commercial Workers union (UFCW) decision to spin off its effort to unionize Walmart in 2015.

Well, here’s to the death of Fight for $15, I guess.

 

[Meathead]

The Fight for $15 minimum wage campaign appears to have collapsed. After tens of millions of dollars were pumped into it by labor unions, specifically the Service Employees International Union (SEIU), the workers that this movement attempted to energize with the promise of higher wages are just not enthused anymore. In fact, what Seattle, which passed a phased-in $15/hour minimum wage law, has shown is that such wage increases led to fewer job opportunities, fewer hours worked, and less money to take home. It reduces wages earned. In New York, the results have been the same, fewer hours worked, less money taken home. Around 1,000 restaurants have closed due to the increased overhead costs of labor. Even USA Today’s editorial board noted that everyone should tread carefully concerning minimum wage hikes thanks to the results we’ve seen out of Seattle.

“If $15 is too much in Seattle, a booming and wealthy city whose region is home to the likes of Amazon and Microsoft, it is too much elsewhere,” they wrote.

Bill McMorris of The Washington Free Beacon has more [emphasis mine]:

The Fight for 15 movement garnered headlines nationwide with demonstrations calling for a $15 minimum wage, but those protests appeared to have petered out in 2017, just four years after its launch, according to a report.

The movement, which has received tens of millions of dollars from the politically influential Service Employees International Union (SEIU), staged protests in just 30 cities in 2017, down from more than 600 in 2016, according to an analysis from the Employment Policies Institute (EPI), a pro-market think tank that opposes minimum wage hikes.

Critics say that the decrease points to the lack of enthusiasm among actual employees at the fast food franchises where protesters amassed, as well as the astroturf nature of the campaign. EPI managing director Michael Saltsman said that the movement is "running out of steam" and contrasted the SEIU's investment in the movement to that of the United Food and Commercial Workers union (UFCW) decision to spin off its effort to unionize Walmart in 2015.

Well, here’s to the death of Fight for $15, I guess.

As the great Ronald Reagan once described this kind of thing, Looney Tunes.

 

[Penelope]

Don't listen to that conservative, its alive and well in Seattle. The GOP states are lowering wages, get ready to be a USA slave to the rich and elites. The can pollute and deregulate like crazy, next will be the FED MIM wage which is 7.25.

This is the Pubs and most of those who voted for T, the poorly educated will suffer big time. They may have a job, but they will work 80 hours a week and make peanuts , no benefits, and no overtime pay. This is the future of the Pubs if they remain in office, which is why we need to vote them out.

 

[Meathead]

Don't listen to that conservative, its alive and well in Seattle. The GOP states are lowering wages, get ready to be a USA slave to the rich and elites. The can pollute and deregulate like crazy, next will be the FED MIM wage which is 7.25.

This is the Pubs and most of those who voted for T, the poorly educated will suffer big time. They may have a job, but they will work 80 hours a week and make peanuts , no benefits, and no overtime pay. This is the future of the Pubs if they remain in office, which is why we need to vote them out.

Why don't you concentrate on passing the GED then get back to us. You're never too old and it's not easy to be that stupid.

 

[Penelope]

Seattle billionaire Nick Hanauer knows that his city's experiment with a $15 minimum wage has been a success. In fact, he knew it before the law had even been passed.

As Hanauer explained in 2014, he knew that an unprecedented new wage mandate would "make everyone richer." And not just in Seattle! The previous year, Hanauer told Bloomberg View readers that he knew a $15 federal minimum wage would be even more beneficial--juicing the economy to the tune of nearly a half-trillion dollars annually.

Economists of all political persuasions worried about the labor market consequences of such a policy--but Nick Hanauer knew they were wrong.

He dismissed as "nonsense ideas" the notion that a higher minimum wage could cause job loss--pointing interested readers to a comforting analysis by a union-funded advocacy group. The Washington Post reviewed that report and described it was "ridiculously simple," but Hanauer knew they were wrong, too.

Here's What Nick Hanauer Knows About A $15 Minimum Wage

The more people with spending money , the more that goes around, till the greed at the top decide to jack up their prices. 100 people buying a burger compared to one rich elite buying a burger. Its only common sense.

 

[Mr Natural]

Good!

The last thing America needs is a well paid workforce.

 

[Silent Warrior]

What liberals don't understand about the minimum wage is that employers shouldn't pay what the worker needs, they should pay what the job is worth. Using an extreme example, if a worker can make 1 widget an hour (8 in his 8 hour day) and a widget sells for $1, the job is worth $8 less overhead and profit. Raising the laborer's wage to $15 means the employer has to raise prices or fail as a business. If the employer in the above example can find an employee able to make 18 widgets in a day he will fire the current employee and hire the new one and gladly pay his wage. If the old worker wanted $15 an hour he should have worked to improve is production ability.

 

[william the wie]

If the left likes it it is a bad idea.

 

[Spare_change]

Don't listen to that conservative, its alive and well in Seattle. The GOP states are lowering wages, get ready to be a USA slave to the rich and elites. The can pollute and deregulate like crazy, next will be the FED MIM wage which is 7.25.

This is the Pubs and most of those who voted for T, the poorly educated will suffer big time. They may have a job, but they will work 80 hours a week and make peanuts , no benefits, and no overtime pay. This is the future of the Pubs if they remain in office, which is why we need to vote them out.

Haven't been paying attention to what is going on in Seattle??

Google it ....and get back to us.

 

[Econ4Every1]

What liberals don't understand about the minimum wage is that employers shouldn't pay what the worker needs, they should pay what the job is worth. Using an extreme example, if a worker can make 1 widget an hour (8 in his 8 hour day) and a widget sells for $1, the job is worth $8 less overhead and profit. Raising the laborer's wage to $15 means the employer has to raise prices or fail as a business. If the employer in the above example can find an employee able to make 18 widgets in a day he will fire the current employee and hire the new one and gladly pay his wage. If the old worker wanted $15 an hour he should have worked to improve is production ability.

The problem with this example is that value of a good or service is tied to demand. If you lower minimum wage (simply keeping it the same over time accomplishes this as inflation eats into peoples purchasing power) then by default you lower demand as people's money no longer goes as far. When demand is reduced relative to supply prices fall.

The problem with minimum wages (or wages at any level for that matter) is that companies must pay the increases wages before they benefit from increased purchasing power of their employees. However, the opposite is also true. When the purchasing power of wages declines (nominal wages stay the same) businesses get a temporary boost to profits and the decline in demand follows after. This has led people to look at the value relative to the price of goods.

The problem is that wages are a component of prices and demand and they oppose each other.

If you believe that peoples salaries are based on prices than the system, for the majority of workers, will spiral downward as businesses look to the short term benefit that comes from lower real wages (not nominal wages). The problem that follows is decreased demand which leads to the next justification for reducing costs.

Of course, each individual business cannot see the effect of cutting salaries (or increasing them for that matter). This is one of the problems with localized increases in MW.

On the other side, we have increased in salaries that have the potential to increase demand.

One problem I suspect we see when wages are increased is that people are so far in debt, that increases often go towards debt repayment (that drow demand in the past) is that it does nothing to drive demand today, delaying potential demand for businesses even longer.

Now I fully admit that there are 100's of other variables that can make the reality of this hard to see. Credit is an example of an external factor that can delay the cycles seen above. For example, salaries decrease and are replaced with borrowing. This delays the onset of demand decrease and if the economy doesn't turn around before credit becomes a problem. The transition becomes sharper and more problematic.

 

[KissMy]

The Fight for $15 minimum wage campaign appears to have collapsed. After tens of millions of dollars were pumped into it by labor unions, specifically the Service Employees International Union (SEIU), the workers that this movement attempted to energize with the promise of higher wages are just not enthused anymore. In fact, what Seattle, which passed a phased-in $15/hour minimum wage law, has shown is that such wage increases led to fewer job opportunities, fewer hours worked, and less money to take home. It reduces wages earned. In New York, the results have been the same, fewer hours worked, less money taken home. Around 1,000 restaurants have closed due to the increased overhead costs of labor. Even USA Today’s editorial board noted that everyone should tread carefully concerning minimum wage hikes thanks to the results we’ve seen out of Seattle.

“If $15 is too much in Seattle, a booming and wealthy city whose region is home to the likes of Amazon and Microsoft, it is too much elsewhere,” they wrote.

Bill McMorris of The Washington Free Beacon has more [emphasis mine]:

The Fight for 15 movement garnered headlines nationwide with demonstrations calling for a $15 minimum wage, but those protests appeared to have petered out in 2017, just four years after its launch, according to a report.

The movement, which has received tens of millions of dollars from the politically influential Service Employees International Union (SEIU), staged protests in just 30 cities in 2017, down from more than 600 in 2016, according to an analysis from the Employment Policies Institute (EPI), a pro-market think tank that opposes minimum wage hikes.

Critics say that the decrease points to the lack of enthusiasm among actual employees at the fast food franchises where protesters amassed, as well as the astroturf nature of the campaign. EPI managing director Michael Saltsman said that the movement is "running out of steam" and contrasted the SEIU's investment in the movement to that of the United Food and Commercial Workers union (UFCW) decision to spin off its effort to unionize Walmart in 2015.

Well, here’s to the death of Fight for $15, I guess.

The OP is a FAKE NEW - LIAR!

 

[Spare_change]

The Fight for $15 minimum wage campaign appears to have collapsed. After tens of millions of dollars were pumped into it by labor unions, specifically the Service Employees International Union (SEIU), the workers that this movement attempted to energize with the promise of higher wages are just not enthused anymore. In fact, what Seattle, which passed a phased-in $15/hour minimum wage law, has shown is that such wage increases led to fewer job opportunities, fewer hours worked, and less money to take home. It reduces wages earned. In New York, the results have been the same, fewer hours worked, less money taken home. Around 1,000 restaurants have closed due to the increased overhead costs of labor. Even USA Today’s editorial board noted that everyone should tread carefully concerning minimum wage hikes thanks to the results we’ve seen out of Seattle.

“If $15 is too much in Seattle, a booming and wealthy city whose region is home to the likes of Amazon and Microsoft, it is too much elsewhere,” they wrote.

Bill McMorris of The Washington Free Beacon has more [emphasis mine]:

The Fight for 15 movement garnered headlines nationwide with demonstrations calling for a $15 minimum wage, but those protests appeared to have petered out in 2017, just four years after its launch, according to a report.

The movement, which has received tens of millions of dollars from the politically influential Service Employees International Union (SEIU), staged protests in just 30 cities in 2017, down from more than 600 in 2016, according to an analysis from the Employment Policies Institute (EPI), a pro-market think tank that opposes minimum wage hikes.

Critics say that the decrease points to the lack of enthusiasm among actual employees at the fast food franchises where protesters amassed, as well as the astroturf nature of the campaign. EPI managing director Michael Saltsman said that the movement is "running out of steam" and contrasted the SEIU's investment in the movement to that of the United Food and Commercial Workers union (UFCW) decision to spin off its effort to unionize Walmart in 2015.

Well, here’s to the death of Fight for $15, I guess.

The OP is a FAKE NEW - LIAR!

Nice misdirection.

"Sure, it's lovely that unemployment in Seattle dips under 3%. But an attempt to tie that drop in the unemployment rate to the minimum wage isn't going to work. For we can as easily note that the unemployment rate has dropped everywhere in the US over this same time period and the minimum wage hasn't risen everywhere over that time period. We've not even got a consistent correlation between minimum wages and unemployment that is.

What we've actually got to do is try to work out some method of what would have happened in Seattle from all of the effects of everything else other than the minimum wage, then compare it to what did happen with the minimum wage. The difference between these two will be the effect of the minimum wage rise.

Seattle City Council know this, which is why they asked the University of Washington to run exactly such a study. It's possible that I've missed the latest update but I think not. And that latest result says the following:

In a region where all low-wage workers, including those in Seattle, have enjoyed access to more jobs and more hours, Seattle’s low-wage workers show some preliminary signs of lagging behind similar workers in comparison regions. The minimum wage appears to have slightly reduced the employment rate of low-wage workers by about one percentage point. It appears that the Minimum Wage Ordinance modestly held back Seattle’s employment of low-wage workers relative to the level we could have expected.

The specific effect of the minimum wage alone upon employment seems to be negative.

Seattle's 2.9% Unemployment Rate Tells Us Nothing About The Effects Of Seattle's Minimum Wage Rise

 

[Econ4Every1]

The p

The Fight for $15 minimum wage campaign appears to have collapsed. After tens of millions of dollars were pumped into it by labor unions, specifically the Service Employees International Union (SEIU), the workers that this movement attempted to energize with the promise of higher wages are just not enthused anymore. In fact, what Seattle, which passed a phased-in $15/hour minimum wage law, has shown is that such wage increases led to fewer job opportunities, fewer hours worked, and less money to take home. It reduces wages earned. In New York, the results have been the same, fewer hours worked, less money taken home. Around 1,000 restaurants have closed due to the increased overhead costs of labor. Even USA Today’s editorial board noted that everyone should tread carefully concerning minimum wage hikes thanks to the results we’ve seen out of Seattle.

“If $15 is too much in Seattle, a booming and wealthy city whose region is home to the likes of Amazon and Microsoft, it is too much elsewhere,” they wrote.

Bill McMorris of The Washington Free Beacon has more [emphasis mine]:

The Fight for 15 movement garnered headlines nationwide with demonstrations calling for a $15 minimum wage, but those protests appeared to have petered out in 2017, just four years after its launch, according to a report.

The movement, which has received tens of millions of dollars from the politically influential Service Employees International Union (SEIU), staged protests in just 30 cities in 2017, down from more than 600 in 2016, according to an analysis from the Employment Policies Institute (EPI), a pro-market think tank that opposes minimum wage hikes.

Critics say that the decrease points to the lack of enthusiasm among actual employees at the fast food franchises where protesters amassed, as well as the astroturf nature of the campaign. EPI managing director Michael Saltsman said that the movement is "running out of steam" and contrasted the SEIU's investment in the movement to that of the United Food and Commercial Workers union (UFCW) decision to spin off its effort to unionize Walmart in 2015.

Well, here’s to the death of Fight for $15, I guess.

The OP is a FAKE NEW - LIAR!

Nice misdirection.

"Sure, it's lovely that unemployment in Seattle dips under 3%. But an attempt to tie that drop in the unemployment rate to the minimum wage isn't going to work. For we can as easily note that the unemployment rate has dropped everywhere in the US over this same time period and the minimum wage hasn't risen everywhere over that time period. We've not even got a consistent correlation between minimum wages and unemployment that is.

What we've actually got to do is try to work out some method of what would have happened in Seattle from all of the effects of everything else other than the minimum wage, then compare it to what did happen with the minimum wage. The difference between these two will be the effect of the minimum wage rise.

Seattle City Council know this, which is why they asked the University of Washington to run exactly such a study. It's possible that I've missed the latest update but I think not. And that latest result says the following:

In a region where all low-wage workers, including those in Seattle, have enjoyed access to more jobs and more hours, Seattle’s low-wage workers show some preliminary signs of lagging behind similar workers in comparison regions. The minimum wage appears to have slightly reduced the employment rate of low-wage workers by about one percentage point. It appears that the Minimum Wage Ordinance modestly held back Seattle’s employment of low-wage workers relative to the level we could have expected.

The specific effect of the minimum wage alone upon employment seems to be negative.

Seattle's 2.9% Unemployment Rate Tells Us Nothing About The Effects Of Seattle's Minimum Wage Rise

The problem, as I've already said, is that wages are both a cost, in salaries paid, and a contributor to demand in money spent.

When employers pay more, they have to increase costs and wait for the additional salaries to come back in increased demand. However, as I said, private sector debt is at an all-time high, thus debt service is also at an all-time high. Increases in pay may not be driving increases in demand rather an increase in debt service.

This is a problem 20-30 years in the making, demanding that we fix it by increasing minimum wages in anything less than 1/2 that time (IMO) is asking for trouble. This stuff has to be phased in very, very slowly or you'll see the kinds of closures you've cited.

 

[KissMy]

The Fight for $15 minimum wage campaign appears to have collapsed. After tens of millions of dollars were pumped into it by labor unions, specifically the Service Employees International Union (SEIU), the workers that this movement attempted to energize with the promise of higher wages are just not enthused anymore. In fact, what Seattle, which passed a phased-in $15/hour minimum wage law, has shown is that such wage increases led to fewer job opportunities, fewer hours worked, and less money to take home. It reduces wages earned. In New York, the results have been the same, fewer hours worked, less money taken home. Around 1,000 restaurants have closed due to the increased overhead costs of labor. Even USA Today’s editorial board noted that everyone should tread carefully concerning minimum wage hikes thanks to the results we’ve seen out of Seattle.

“If $15 is too much in Seattle, a booming and wealthy city whose region is home to the likes of Amazon and Microsoft, it is too much elsewhere,” they wrote.

Bill McMorris of The Washington Free Beacon has more [emphasis mine]:

The Fight for 15 movement garnered headlines nationwide with demonstrations calling for a $15 minimum wage, but those protests appeared to have petered out in 2017, just four years after its launch, according to a report.

The movement, which has received tens of millions of dollars from the politically influential Service Employees International Union (SEIU), staged protests in just 30 cities in 2017, down from more than 600 in 2016, according to an analysis from the Employment Policies Institute (EPI), a pro-market think tank that opposes minimum wage hikes.

Critics say that the decrease points to the lack of enthusiasm among actual employees at the fast food franchises where protesters amassed, as well as the astroturf nature of the campaign. EPI managing director Michael Saltsman said that the movement is "running out of steam" and contrasted the SEIU's investment in the movement to that of the United Food and Commercial Workers union (UFCW) decision to spin off its effort to unionize Walmart in 2015.

Well, here’s to the death of Fight for $15, I guess.

The OP is a FAKE NEW - LIAR!

Nice misdirection.

"Sure, it's lovely that unemployment in Seattle dips under 3%. But an attempt to tie that drop in the unemployment rate to the minimum wage isn't going to work. For we can as easily note that the unemployment rate has dropped everywhere in the US over this same time period and the minimum wage hasn't risen everywhere over that time period. We've not even got a consistent correlation between minimum wages and unemployment that is.

What we've actually got to do is try to work out some method of what would have happened in Seattle from all of the effects of everything else other than the minimum wage, then compare it to what did happen with the minimum wage. The difference between these two will be the effect of the minimum wage rise.

Seattle City Council know this, which is why they asked the University of Washington to run exactly such a study. It's possible that I've missed the latest update but I think not. And that latest result says the following:

In a region where all low-wage workers, including those in Seattle, have enjoyed access to more jobs and more hours, Seattle’s low-wage workers show some preliminary signs of lagging behind similar workers in comparison regions. The minimum wage appears to have slightly reduced the employment rate of low-wage workers by about one percentage point. It appears that the Minimum Wage Ordinance modestly held back Seattle’s employment of low-wage workers relative to the level we could have expected.

The specific effect of the minimum wage alone upon employment seems to be negative.

Seattle's 2.9% Unemployment Rate Tells Us Nothing About The Effects Of Seattle's Minimum Wage Rise

More Bullshit Fake News Lies from You! St Louis Missouri Hiked Minimum Wage 30% & Outperformed with Job Creation!

 

[Spare_change]

The Fight for $15 minimum wage campaign appears to have collapsed. After tens of millions of dollars were pumped into it by labor unions, specifically the Service Employees International Union (SEIU), the workers that this movement attempted to energize with the promise of higher wages are just not enthused anymore. In fact, what Seattle, which passed a phased-in $15/hour minimum wage law, has shown is that such wage increases led to fewer job opportunities, fewer hours worked, and less money to take home. It reduces wages earned. In New York, the results have been the same, fewer hours worked, less money taken home. Around 1,000 restaurants have closed due to the increased overhead costs of labor. Even USA Today’s editorial board noted that everyone should tread carefully concerning minimum wage hikes thanks to the results we’ve seen out of Seattle.

“If $15 is too much in Seattle, a booming and wealthy city whose region is home to the likes of Amazon and Microsoft, it is too much elsewhere,” they wrote.

Bill McMorris of The Washington Free Beacon has more [emphasis mine]:

The Fight for 15 movement garnered headlines nationwide with demonstrations calling for a $15 minimum wage, but those protests appeared to have petered out in 2017, just four years after its launch, according to a report.

The movement, which has received tens of millions of dollars from the politically influential Service Employees International Union (SEIU), staged protests in just 30 cities in 2017, down from more than 600 in 2016, according to an analysis from the Employment Policies Institute (EPI), a pro-market think tank that opposes minimum wage hikes.

Critics say that the decrease points to the lack of enthusiasm among actual employees at the fast food franchises where protesters amassed, as well as the astroturf nature of the campaign. EPI managing director Michael Saltsman said that the movement is "running out of steam" and contrasted the SEIU's investment in the movement to that of the United Food and Commercial Workers union (UFCW) decision to spin off its effort to unionize Walmart in 2015.

Well, here’s to the death of Fight for $15, I guess.

The OP is a FAKE NEW - LIAR!

Nice misdirection.

"Sure, it's lovely that unemployment in Seattle dips under 3%. But an attempt to tie that drop in the unemployment rate to the minimum wage isn't going to work. For we can as easily note that the unemployment rate has dropped everywhere in the US over this same time period and the minimum wage hasn't risen everywhere over that time period. We've not even got a consistent correlation between minimum wages and unemployment that is.

What we've actually got to do is try to work out some method of what would have happened in Seattle from all of the effects of everything else other than the minimum wage, then compare it to what did happen with the minimum wage. The difference between these two will be the effect of the minimum wage rise.

Seattle City Council know this, which is why they asked the University of Washington to run exactly such a study. It's possible that I've missed the latest update but I think not. And that latest result says the following:

In a region where all low-wage workers, including those in Seattle, have enjoyed access to more jobs and more hours, Seattle’s low-wage workers show some preliminary signs of lagging behind similar workers in comparison regions. The minimum wage appears to have slightly reduced the employment rate of low-wage workers by about one percentage point. It appears that the Minimum Wage Ordinance modestly held back Seattle’s employment of low-wage workers relative to the level we could have expected.

The specific effect of the minimum wage alone upon employment seems to be negative.

Seattle's 2.9% Unemployment Rate Tells Us Nothing About The Effects Of Seattle's Minimum Wage Rise

More Bullshit Fake News Lies from You! St Louis Missouri Hiked Minimum Wage 30% & Outperformed with Job Creation!

Once again ... there is nothing here to indicate that the change in unemployment rate is positively impacted by the change in minimum wage. The same chart can be used for the argument that the drop in unemployment was SLOWED by the change in minimum wage.

You have proven nothing ...

 

[Silent Warrior]

The fact that the US as a whole mirrors Missouri tends to disprove KM's point.