Minimum wage rate and labors’ market prices.

[Wyatt earp]

The Congressional Budget Office considered all rates below $20 per hour as being within the lower wage bracket.

Link?

I guess he never heard of overtime either

 

[Toddsterpatriot]

The Congressional Budget Office considered all rates below $20 per hour as being within the lower wage bracket.

Link?

I guess he never heard of overtime either

I still can't figure out why he cares so much about the bottom 1.5% of hourly workers.

 

[HereWeGoAgain]

Minimum wage rate and labors’ market prices.
Products “Market prices” are affecting by various factors. Enforcement of government laws affecting regarding trade or contracts regarding a product, is often such a price affecting factor. Those using the term ‘market rates” applicable to a legally enforced minimum wage rate within a marketplace, are referring to a theoretical, indefinite, (i.e. not actually existing) price that excludes governments’ minimum wage laws as not existing.

Regardless of some persons preferences, governments’ minimum wage laws are existing factors applicable within marketplaces. ...

Because we don't like our money to be stolen and given to the lazy?

HereWeGoAgain, minimum wage rates affects upon lower wage rates range from critical upon the very lowest, to substantial upon higher rates within the lowest wage rate bracket. The Congressional Budget Office considered all rates below $20 per hour as being within the lower wage bracket.
Lower wage rate employees are not "given", they earn their wages. Respectfully, Supposn

Sorry,but a dude flipping burgers or running the fryolator dont deserve 20 bucks an hour.
Especially when you consider many people had to go to school to make 20 bucks and hour.
So what about those people? Raise their pay to 75 bucks an hour?

 

[danielpalos]

The minimum wage should be zero ...

If it's going to be applied consistently, it has to be. Unless we're going to ban volunteers and interns.

They are already being applied consistently. Nice try.

There are no general regulations that permit volunteering of services to an employer in the private sector. All hours worked must be paid. According to the FLSA, an employer must pay all employees not less than the minimum wage for all hours worked.

Generally, the intern should be paid at least minimum wage as well as overtime. The U.S. Department of Labor (DOL) recognizes very narrow exceptions to the requirements of the Fair Labor Standards Act (FLSA) for private-sector internships in for-profit organizations.Feb 26, 2020

Welcome to SHRM | The Voice of All Things Work

For all things work, turn to SHRM, the world’s largest HR association dedicated to creating better workplaces that work for all.

www.shrm.org

 

[danielpalos]

Wages should be determined between an employee and employer.

The filthy government should stay out of it.

They are; only externalities to microeconomics are a Government purview.

Government sucks when it is telling us how to run our lives.

We sure as hell don't need the asshole corrupt politicians, elected by special interest groups, telling an employer what they have to pay an employee.

Fuck government!

It is Your fault right wingers. Stop whining about Taxes for social services.

 

[dblack]

The minimum wage should be zero ...

If it's going to be applied consistently, it has to be. Unless we're going to ban volunteers and interns.

They are already being applied consistently. Nice try.

There are no general regulations that permit volunteering of services to an employer in the private sector. All hours worked must be paid. According to the FLSA, an employer must pay all employees not less than the minimum wage for all hours worked.

Generally, the intern should be paid at least minimum wage as well as overtime. The U.S. Department of Labor (DOL) recognizes very narrow exceptions to the requirements of the Fair Labor Standards Act (FLSA) for private-sector internships in for-profit organizations.Feb 26, 2020

Welcome to SHRM | The Voice of All Things Work

For all things work, turn to SHRM, the world’s largest HR association dedicated to creating better workplaces that work for all.

www.shrm.org

Well, there you go. Volunteering is illegal. Gotta love socialism.

 

[danielpalos]

Minimum wage rate and labors’ market prices.
Products “Market prices” are affecting by various factors. Enforcement of government laws affecting regarding trade or contracts regarding a product, is often such a price affecting factor. Those using the term ‘market rates” applicable to a legally enforced minimum wage rate within a marketplace, are referring to a theoretical, indefinite, (i.e. not actually existing) price that excludes governments’ minimum wage laws as not existing.

Regardless of some persons preferences, governments’ minimum wage laws are existing factors applicable within marketplaces. ...

Because we don't like our money to be stolen and given to the lazy?

HereWeGoAgain, minimum wage rates affects upon lower wage rates range from critical upon the very lowest, to substantial upon higher rates within the lowest wage rate bracket. The Congressional Budget Office considered all rates below $20 per hour as being within the lower wage bracket.
Lower wage rate employees are not "given", they earn their wages. Respectfully, Supposn

Sorry,but a dude flipping burgers or running the fryolator dont deserve 20 bucks an hour.
Especially when you consider many people had to go to school to make 20 bucks and hour.
So what about those people? Raise their pay to 75 bucks an hour?

The minimum wage would be around eighteen dollars an hour if it had kept up with inflation. Where is your right wing plan for wages to meet or beat inflation on an Institutional basis?

 

[Wyatt earp]

Minimum wage rate and labors’ market prices.
Products “Market prices” are affecting by various factors. Enforcement of government laws affecting regarding trade or contracts regarding a product, is often such a price affecting factor. Those using the term ‘market rates” applicable to a legally enforced minimum wage rate within a marketplace, are referring to a theoretical, indefinite, (i.e. not actually existing) price that excludes governments’ minimum wage laws as not existing.

Regardless of some persons preferences, governments’ minimum wage laws are existing factors applicable within marketplaces. ...

Because we don't like our money to be stolen and given to the lazy?

HereWeGoAgain, minimum wage rates affects upon lower wage rates range from critical upon the very lowest, to substantial upon higher rates within the lowest wage rate bracket. The Congressional Budget Office considered all rates below $20 per hour as being within the lower wage bracket.
Lower wage rate employees are not "given", they earn their wages. Respectfully, Supposn

Sorry,but a dude flipping burgers or running the fryolator dont deserve 20 bucks an hour.
Especially when you consider many people had to go to school to make 20 bucks and hour.
So what about those people? Raise their pay to 75 bucks an hour?

The minimum wage would be around eighteen dollars an hour if it had kept up with inflation. Where is your right wing plan for wages to meet or beat inflation on an Institutional basis?

Minimum wage causes inflation

 

[HereWeGoAgain]

Minimum wage rate and labors’ market prices.
Products “Market prices” are affecting by various factors. Enforcement of government laws affecting regarding trade or contracts regarding a product, is often such a price affecting factor. Those using the term ‘market rates” applicable to a legally enforced minimum wage rate within a marketplace, are referring to a theoretical, indefinite, (i.e. not actually existing) price that excludes governments’ minimum wage laws as not existing.

Regardless of some persons preferences, governments’ minimum wage laws are existing factors applicable within marketplaces. ...

Because we don't like our money to be stolen and given to the lazy?

HereWeGoAgain, minimum wage rates affects upon lower wage rates range from critical upon the very lowest, to substantial upon higher rates within the lowest wage rate bracket. The Congressional Budget Office considered all rates below $20 per hour as being within the lower wage bracket.
Lower wage rate employees are not "given", they earn their wages. Respectfully, Supposn

Sorry,but a dude flipping burgers or running the fryolator dont deserve 20 bucks an hour.
Especially when you consider many people had to go to school to make 20 bucks and hour.
So what about those people? Raise their pay to 75 bucks an hour?

The minimum wage would be around eighteen dollars an hour if it had kept up with inflation. Where is your right wing plan for wages to meet or beat inflation on an Institutional basis?

You didnt address what happens to those who actually had to apply themselves to make 20 bucks an hour.
Address the issue or STFU.

 

[danielpalos]

Minimum wage rate and labors’ market prices.
Products “Market prices” are affecting by various factors. Enforcement of government laws affecting regarding trade or contracts regarding a product, is often such a price affecting factor. Those using the term ‘market rates” applicable to a legally enforced minimum wage rate within a marketplace, are referring to a theoretical, indefinite, (i.e. not actually existing) price that excludes governments’ minimum wage laws as not existing.

Regardless of some persons preferences, governments’ minimum wage laws are existing factors applicable within marketplaces. ...

Because we don't like our money to be stolen and given to the lazy?

HereWeGoAgain, minimum wage rates affects upon lower wage rates range from critical upon the very lowest, to substantial upon higher rates within the lowest wage rate bracket. The Congressional Budget Office considered all rates below $20 per hour as being within the lower wage bracket.
Lower wage rate employees are not "given", they earn their wages. Respectfully, Supposn

Sorry,but a dude flipping burgers or running the fryolator dont deserve 20 bucks an hour.
Especially when you consider many people had to go to school to make 20 bucks and hour.
So what about those people? Raise their pay to 75 bucks an hour?

The minimum wage would be around eighteen dollars an hour if it had kept up with inflation. Where is your right wing plan for wages to meet or beat inflation on an Institutional basis?

Minimum wage causes inflation

What doesn't cause inflation; the Richest getting richer and engendering inequality causes inflation as well.

The bottom line is Labor needs to be able to afford our first world economy.

 

[Wyatt earp]

Minimum wage rate and labors’ market prices.
Products “Market prices” are affecting by various factors. Enforcement of government laws affecting regarding trade or contracts regarding a product, is often such a price affecting factor. Those using the term ‘market rates” applicable to a legally enforced minimum wage rate within a marketplace, are referring to a theoretical, indefinite, (i.e. not actually existing) price that excludes governments’ minimum wage laws as not existing.

Regardless of some persons preferences, governments’ minimum wage laws are existing factors applicable within marketplaces. ...

Because we don't like our money to be stolen and given to the lazy?

HereWeGoAgain, minimum wage rates affects upon lower wage rates range from critical upon the very lowest, to substantial upon higher rates within the lowest wage rate bracket. The Congressional Budget Office considered all rates below $20 per hour as being within the lower wage bracket.
Lower wage rate employees are not "given", they earn their wages. Respectfully, Supposn

Sorry,but a dude flipping burgers or running the fryolator dont deserve 20 bucks an hour.
Especially when you consider many people had to go to school to make 20 bucks and hour.
So what about those people? Raise their pay to 75 bucks an hour?

The minimum wage would be around eighteen dollars an hour if it had kept up with inflation. Where is your right wing plan for wages to meet or beat inflation on an Institutional basis?

Minimum wage causes inflation

What doesn't cause inflation; the Richest getting richer and engendering inequality causes inflation as well.

The bottom line is Labor needs to be able to afford our first world economy.

Artificially raising minimum wage can't do it, never has never will you still need two jobs making $15 bucks an hour to get a appartment in Seattle.

 

[Supposn]

The Congressional Budget Office considered all rates below $20 per hour as being within the lower wage bracket.

Link?

Toddsterpatriot, Excerpts from https://www.cbo.gov/system/files/2019-07/CBO-55410-MinimumWage2019.pdf .
Refer to table 2 on page 10 and CBO’s stating “Low-wage workers are people who are projected, under CURRENT LAW, to be paid less than $19 per hour in 2025”.

[Note: Current law would still be $7.25 per hour federal minimum rate of $7.25 per hour in 2025 if the minimum wage rate’s not modified. We can suppose U.S. dollars will be of lesser value in 2025 because the U.S. dollar continues to lose purchasing power even when the federal minimum wage rate is not increased.

I was mistaken to state that the CBO considers less than $20 in 2018 valued dollars; The CBO considers less than $20 in 2025, (if the federal minimum rate is not modified by 2025), as likely being the lowest wage rate bracket that’s critically to substantially affected by the federal minimum wage rate.

Also refer CBO’s statements on page 23: “That is, wages for those workers would increase as employers sought to retain some of the differences in pay that had existed between those workers prior to the increase in the minimum wage. For instance, in states where the current minimum wage is $7.25, CBO anticipates that many workers earning up to $19 per hour would be affected by the $15 option. [10] …
… [10] Thus, CBO refers to workers with wages up to $19 per hour in 2025 as low-wage workers in this report”.
Respectfully, Supposn

 

[Supposn]

I still can't figure out why he cares so much about the bottom 1.5% of hourly workers.

Toddsterpatriot, possibly because the federal minimum wage rate affects upon 32% of USA’s employees wage rates’ range from critical to substantial?

Refer to table 2 on page 10 of https://www.cbo.gov/system/files/2019-07/CBO-55410-MinimumWage2019.pdf . Respectfully, Supposn

 

[dblack]

Minimum wage laws are a kind of a political IQ test. Pass/fail.

 

[Toddsterpatriot]

I still can't figure out why he cares so much about the bottom 1.5% of hourly workers.

Toddsterpatriot, possibly because the federal minimum wage rate affects upon 32% of USA’s employees wage rates’ range from critical to substantial?

Refer to table 2 on page 10 of https://www.cbo.gov/system/files/2019-07/CBO-55410-MinimumWage2019.pdf . Respectfully, Supposn

possibly because the federal minimum wage rate affects upon 32% of USA’s employees wage rates’ range from critical to substantial?


Only if you don't understand your link.

A family at the poverty level, with real income averaging $10,700, would see an average
change in real income of $600.

Critical? Substantial? Hardly.

 

[dblack]

I still can't figure out why he cares so much about the bottom 1.5% of hourly workers.

Toddsterpatriot, possibly because the federal minimum wage rate affects upon 32% of USA’s employees wage rates’ range from critical to substantial?

Refer to table 2 on page 10 of https://www.cbo.gov/system/files/2019-07/CBO-55410-MinimumWage2019.pdf . Respectfully, Supposn

Would losing your job be critical? Or substantial?

 

[Supposn]

Only if you don't understand your link. ... A family at the poverty level, with real income averaging $10,700, would see an average change in real income of $600.
Critical? Substantial? Hardly.

Toddsterpatriot, CBO’s study indicates that increasing the minimum rate to $15 per hour by 2025 would increase lowest wage rate employees’ purchasing powers by an ADDITIONAL 5.3%.

It’s CBO’s considered opinion that the federal minimum wage rate increases the purchasing power of all aggregate wage rates within what they consider to be within the lower rate bracket of wages. If the federal minimum wage rate is not increased, (i.e. if it remains at $7.25 per hour) in 2025, they consider less than $20 per hour will be the lower rate bracket in 2025.
Failure to increase the minimum rate by 2025 would detrimentally affect lower-rate bracket’s purchasing powers, and those effects would range from critical to substantial.
It is you that misunderstands CBO’s publications regarding the federal minimum wage rate. Respectfully, Supposn

 

[Supposn]

Would losing your job be critical? Or substantial?

DBlack, a job of lesser wage rate is of lesser worth. The federal minimum wage rate bolsters all lower rate brackets purchasing powers. A lesser minimum rate is net detrimental to our nation’s economy and net detrimental to the finances of our nation’s wage-earning families.

In aggregate, any reduction of individuals’ employments due to increases of the federal minimum wage rate, are less detrimental, (even to those individuals and their dependents), than the effects of a federal minimum wage rate of lesser purchasing power. Respectfully, Supposn

 

[dblack]

Markets don't do social engineering. If you try to force them to accommodate such attempts, the market simply flows around your attempts. We can slap a higher price tag on low wage jobs, but that won't change the fact that society places little value on those jobs.

The market will adjust in one of three ways: Prices for everything else will adjust around the new minimum (inflation), employers will cut back on work force to make the higher overall payroll (unemployment), or employers will make less profit.

Liberals always assume the third adjustment. But many business, especially small businesses that hire the bulk of low-wage labor, operate on a very low profit margin. Many would be forced out of business if their profits shrank (more unemployment).

In the end, after these adjustments sink in, the purchasing power of a burger-flipper will be the same. The market will remain an honest reflection of how much society values burger flipping - ie not much.

 

[danielpalos]

Minimum wage rate and labors’ market prices.
Products “Market prices” are affecting by various factors. Enforcement of government laws affecting regarding trade or contracts regarding a product, is often such a price affecting factor. Those using the term ‘market rates” applicable to a legally enforced minimum wage rate within a marketplace, are referring to a theoretical, indefinite, (i.e. not actually existing) price that excludes governments’ minimum wage laws as not existing.

Regardless of some persons preferences, governments’ minimum wage laws are existing factors applicable within marketplaces. ...

Because we don't like our money to be stolen and given to the lazy?

HereWeGoAgain, minimum wage rates affects upon lower wage rates range from critical upon the very lowest, to substantial upon higher rates within the lowest wage rate bracket. The Congressional Budget Office considered all rates below $20 per hour as being within the lower wage bracket.
Lower wage rate employees are not "given", they earn their wages. Respectfully, Supposn

Sorry,but a dude flipping burgers or running the fryolator dont deserve 20 bucks an hour.
Especially when you consider many people had to go to school to make 20 bucks and hour.
So what about those people? Raise their pay to 75 bucks an hour?

The minimum wage would be around eighteen dollars an hour if it had kept up with inflation. Where is your right wing plan for wages to meet or beat inflation on an Institutional basis?

Minimum wage causes inflation

What doesn't cause inflation; the Richest getting richer and engendering inequality causes inflation as well.

The bottom line is Labor needs to be able to afford our first world economy.

Artificially raising minimum wage can't do it, never has never will you still need two jobs making $15 bucks an hour to get a appartment in Seattle.

If the minimum wage had kept up with inflation it would be around eighteen dollars an hour.