General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsMake the minimum wage $10 an hour.
One of the biggest benefits of doing so would be that calculations would be extremely easy and simple.
You worked for 8 hours at minimum wage? You earned $80.
How much do you get for working eight hours at a minimum wage of $7.25? Fifty-eight dollars. Not many people could calculate that in their heads in a short time.
Even working eight hours at $9 an hour makes for $72; not the easiest of arithmetic - it does still take a moment or two.
$10 an hour would be one of the simplest minimum wages to understand. Perhaps it could stay in place for a long time.
Drale
(7,932 posts)when you add taxes taken out to that you don't get such round numbers but I agree but I would go further minimum wage should be 23 dollars an hour. If it had kept up with CEO pay it would be.
OceanEcosystem
(275 posts)That would be well over $40,000 a year for someone who works eight hours a day, takes weekends off, and ten holidays off a year (not taking vacation time into account.)
How many workers do you think employers would be willing to, or could afford, to hire, with such a very high minimum wage?
Drale
(7,932 posts)Are you sure you on the correct site 40,000 a year for only working 8 hours and takes weekends off? OMG They might actually be able to buy a house, a car and afford to feed their kids. Workers deserve to be making more than the CEO's who's only job is the steal money, decide how to cheat the government out of taxes and make the work place dangerous for their employees. Without said employees the CEO and the company would not be making any money, so your damn right it should be 23 dollars and hour or more. I would be willing to bet think Unions are the problem to? The Unions that fought and bleed for those 8 hour work days and weekends off.
OceanEcosystem
(275 posts)I think you're thinking only in terms of big companies. What about small businesses?
The bottom line is, how many workers would employers be willing to hire at such a high minimum wage? That's the fact that matters at the end of the day.
How many small business do you really think could afford to pay their workers $40,000+ a year apiece? The net result of such a very high minimum wage would likely be that employers would keep hiring to a bare minimum, and the employees that did work would probably be under the burden of having to shoulder a lot of work - think 20 employees being assigned to do the work of 30 employees.
And what about people with relatively little skills - high school dropouts, the homeless and the like? Good luck persuading a business to hire them for $40,000+ a year.
This idea of yours sounds like a real recipe for high unemployment.
Orrex
(63,284 posts)Every employee who earns less than a livable wage is equivalent to a big fat susidy to the employer, whether we're talking about Walmar or the mom-n-pop paint store on the corner.
Pay the worker a livable wage, and the economy as a whole will benefit hugely.
Drale
(7,932 posts)Pay workers a living wage and they can afford to spend money at said small businesses. If people are payed well everyone benefits. Trickle down does not work, money moving from the bottom to the top however works and everyone is happy.
nadinbrzezinski
(154,021 posts)of it's customers NOT able to shop at Walmart...
Now, here is one for you to mull... if Wallmart raised pay to 15/hour for ALL of it's employees, it would run Wally World 1-2 billion. But, but, that is a lot of money... it is... you know how much they are expected to get back in business, aka money spent right back at Wallmart? 7-9 Billion.
Raising pay to a living wage actually... makes business sense.
And this keep minimum wage low, is a RW, regressive, RW economic policy.
FreeJoe
(1,039 posts)If you want to know your spendable income, you'll need to subtract 6.2% for Social Security, 1.45% for Medicare, your federal, state, and local income tax withholding, and any other deductions for things like 401k, medical benefits, etc.
OceanEcosystem
(275 posts)I think people in general tend to think of their income in terms of gross income before taxes, not net income.
Most people are more likely to think, "I make $30,000 a year before taxes" than they are to think, for hypothetical instance, "I make $24,000 a year (or however much) after taxes."
nadinbrzezinski
(154,021 posts)not before taxes...
frazzled
(18,402 posts)I appreciate your argument based on the easy math (I'm pretty math deficient myself), but when you're earning that little, it can be a little dispiriting to think you're earning $80 and then find after FICA, etc., your paycheck is a lot less than thatand an uneven number, to boot (like 67.45). So the math is still hard.
PDJane
(10,103 posts)I believe there is no such thing as an unskilled job; everything requires skills of some sort. It would be better for all of us if wages kept pace with increases in productivity and the cost of living. Skip the math; if we taught people arithmetic, this wouldn't be a problem either.
OceanEcosystem
(275 posts)If you ran a fast food restaurant, do you think you could afford to pay every single employee $22 per hour?
Probably not unless you sold $12 hamburgers, or something like that........
JaneyVee
(19,877 posts)then that fast food restaurant would probably have triple the amount of customers therefore lowering prices.
OceanEcosystem
(275 posts)You'd have ten times as many customers!
JaneyVee
(19,877 posts)ETA: No one is asking for $100/hr, no one is even asking for $21/hr, but billion dollar companies and small businesses can afford to pay a slightly higher wage.
ProdigalJunkMail
(12,017 posts)because raising the minimum wage to make the math easier make ZERO sense.
sP
KamaAina
(78,249 posts)San Francisco's is even higher.
ProdigalJunkMail
(12,017 posts)to make it easy to do math? holy shit...
sP
OceanEcosystem
(275 posts)why not raise it to a number that just happens to be highly convenient and easy to calculate.
ProdigalJunkMail
(12,017 posts)that the math should be easy to calculate is fucking ridiculous.
sP
petronius
(26,613 posts)No more of this 'how many goddam feet are in a goddam mile!?1!!?' crap...
(I completely agree that the minimum wage needs to be raised, but simplifying math is no kind of argument, IMO...)
OceanEcosystem
(275 posts)RC
(25,592 posts)Depends on how many people are walking to and from work, plus how many street people there are living along that mile.
petronius
(26,613 posts)and economic patterns and who knows what else in order to use this mucked up system...
JaneyVee
(19,877 posts)PasadenaTrudy
(3,998 posts)mythology
(9,527 posts)but it also should be tied to inflation. Just raising is a good thing, but it's a diminishing value over time. Whereas there's no downward pressure on the very highest income/wealth accumulations.
I doubt it would be legal, but tying the minimum wage in a company to the wages (including things like stock options etc) of the executives would be an effective check on the accumulation of wealth or at least force the labor to benefit from the greed of executives.
RC
(25,592 posts)Minimum wage does not apply to the management, only the hourly workers. In any case that is another fraud case scandal. Promoting someone to 'supervisor', with slight raise, then increasing his hours to 60 or 80 hours a week, for the same pay.
Coyotl
(15,262 posts)I thinbk it should be higher than $9 because that would be more economic stimulus. But a plan must be developed so the increase is staged until the appropriate level is reached, and then the inflation index kicks in.
Cleita
(75,480 posts)one that would pay rent, food, transportation and insurance. No one realizes how much a bite insurance takes out of your wages for health care, car insurance and property insurance. Of course I consider them the biggest parasites around but until we come up with a better system for health care access and disaster coverage, we are stuck with them.
Quantess
(27,630 posts)Who care about how easy the math is?
But I agree that 10.00 per hour is a good minimum wage.
Gorp
(716 posts)virgogal
(10,178 posts)easier to calculate.
By your logic a $1.00 per hour minimum wage would be ideal.