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Fri Aug 23, 2013, 08:03 PM

Raising The Minimum Wage Is A Political Goldmine

A "No Brainer" if we could galvanize around it:

"Wouldnít it be nice if there was an issue that was hugely popular with the public, fit perfectly into the progressive agenda, appealed to the white working class, and split the Republican Party right in half? Sounds to be good to be true, right? Actually, itís hiding in plain sight: raising the minimum wage.

Start with overall public opinion. The publicís views on many policy issues can be very complicated; there are nuances to the nuances, so to speak. The polling on the minimum wage, however, is about as unnuanced as it comes. People just think itís the right thing to do and decades of attempts by conservatives to convince the public otherwise have been an abject failure. Take, for instance, this Pew Research poll from early 2013. By a thumping 71-26 margin, the public said it favored increasing the minimum wage from $7.25 to $9.00 an hour."

http://thinkprogress.org/economy/2013/08/23/2507361/raising-minimum-wage-issue-downside/

21 replies, 2148 views

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Arrow 21 replies Author Time Post
Reply Raising The Minimum Wage Is A Political Goldmine (Original post)
SleeplessinSoCal Aug 2013 OP
House of Roberts Aug 2013 #1
SleeplessinSoCal Aug 2013 #2
SleeplessinSoCal Aug 2013 #4
House of Roberts Aug 2013 #5
Laelth Aug 2013 #3
SleeplessinSoCal Aug 2013 #6
Sunlei Aug 2013 #7
Warpy Aug 2013 #8
TeamPooka Aug 2013 #13
Warpy Aug 2013 #14
TeamPooka Aug 2013 #16
Hippo_Tron Aug 2013 #17
Warpy Aug 2013 #18
blkmusclmachine Aug 2013 #9
SleeplessinSoCal Aug 2013 #10
Scuba Aug 2013 #11
Myrina Aug 2013 #20
Sunlei Aug 2013 #12
SleeplessinSoCal Aug 2013 #15
Sunlei Aug 2013 #19
gort Aug 2013 #21

Response to SleeplessinSoCal (Original post)

Fri Aug 23, 2013, 08:08 PM

1. Minimum wage should be enough that 40 hours a week,

would be enough to make one person ineligible for government assistance, without lowering those thresholds from where they are now.

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Response to House of Roberts (Reply #1)

Fri Aug 23, 2013, 08:14 PM

2. But that would rely on people working 40 hours, which many, many aren't and can't.

Employers are hiring more part time and temporary employees in order to avoid paying benefits or living wages. They can't be driven with incentives or laws - not so far anyway. So realistically one can probably only hope to raise wages to be equivalent to what they were in the 70s.

Interesting chart: Federal Minimum Wage Rates, 1955Ė2012

http://www.infoplease.com/ipa/A0774473.html

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Response to SleeplessinSoCal (Reply #2)


Response to SleeplessinSoCal (Reply #2)

Fri Aug 23, 2013, 08:31 PM

5. Not always with one job, no.

I know a lot of people getting more than 40 for two jobs, and still qualify for aid.

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Response to SleeplessinSoCal (Original post)

Fri Aug 23, 2013, 08:15 PM

3. +1 k&r n/t

-Laelth

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Response to SleeplessinSoCal (Original post)

Fri Aug 23, 2013, 08:32 PM

6. Chris Hayes just had on Rensi former CEO of McDonads who tried to hijack the topic

Rensi tried to hammer "Obamacare" and generally not let Chris keep him on topic. But in the end Rensi ventured a recommendation of a minimum wage of $12 an hour in "Hollywood" and $9 somewhere that I couldn't hear through my laughter. He's thinking it should be regional and state to state - which probably is realistic given the cost of living variances region by region.

What I wanted to jump in with is his criticizing the demand of $15 from $7 as being outrageous. Those wages have been sliding backwards for decades and can't be corrected for inflation with a simple 2 buck raise!!!

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Response to SleeplessinSoCal (Original post)

Fri Aug 23, 2013, 08:40 PM

7. Feb 12, 2013 - In his State of the Union address tonight, President Obama calls for.....

Feb 12, 2013 - In his State of the Union address tonight, President Obama calls for raising the minimum wage to $9 per hour....

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Response to SleeplessinSoCal (Original post)

Fri Aug 23, 2013, 08:58 PM

8. Unfortunately for the Republicans, it's not a campaign funding goldmine

While raising it increases business across the board, it temporarily costs those businesses a little more in paychecks. They don't like this.

The proof that business has increased beyond the cost of that increased payroll amount is that no one ever clamors for a minimum wage rollback once their business has increased.

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Response to Warpy (Reply #8)

Sat Aug 24, 2013, 04:32 PM

13. since when do we care about what Republicans want here? nt

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Response to TeamPooka (Reply #13)

Sat Aug 24, 2013, 04:48 PM

14. Because for the time being

we have to convince the stupid bastards to vote for it.

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Response to Warpy (Reply #14)

Sat Aug 24, 2013, 05:27 PM

16. how's that been working out for us?

have they filibustered much lately?

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Response to Warpy (Reply #8)

Sun Aug 25, 2013, 11:30 AM

17. Corporations hate it because it hurts their stock price temporarily

Profits go down temporarily and investors who only think in the short term sell the stock. Of course, Warren Buffet got rich by doing precisely the opposite. He advises people to invest with a long term mentality.

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Response to Hippo_Tron (Reply #17)

Sun Aug 25, 2013, 01:59 PM

18. Profits then go up out of proportion to the initial cost

and stockholders find their dividends going up. Again, even the big corporations don't clamor for a rollback in the minimum wage after it goes up against their howls of protest.

Nervous short term investors always manage to screw themselves unless they're fat enough to be able to use HFT.

Keeping wages depressed has done one thing (besides making 99% of us poorer and sicker), it has kept the inflation built into fiat currency artificially low. That has been the aim of both parties for decades and it's worked. The cost to labor has been appalling.

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Response to SleeplessinSoCal (Original post)

Sat Aug 24, 2013, 02:41 AM

9. Never underestimate the DEMS ability to turn Gold into bipartisan bullsh!t.

It's not a mistake.

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Response to blkmusclmachine (Reply #9)

Sat Aug 24, 2013, 03:20 AM

10. It doesn't much matter who does it, it has to be done. And force will be necessary.

The public is wants this. McDonald's doesn't. Big surprise. The idea of regional wage increases is interesting because it makes people think about the differences.

What is the median price of a home where you live? It's $612,000 in my neighborhood. In Dallas, TX it's $250,000. Seems that a minimum wage variation would be prudent. So why not jump on that and promote it?

Here's how to find it: http://www.zillow.com/local-info/

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Response to SleeplessinSoCal (Original post)

Sat Aug 24, 2013, 07:22 AM

11. Which explains why the Democratic Party "leaders" don't embrace it ...

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Response to Scuba (Reply #11)

Sun Aug 25, 2013, 05:33 PM

20. ^^ x10000^^

nt

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Response to SleeplessinSoCal (Original post)

Sat Aug 24, 2013, 08:59 AM

12. I don't think most politicans want to raise the minimum wage because Corps....

have to pay their thousands of foreign visa workers based on the minimum wage.

Those foreign workers are cheap, cheap, labor, no American employer paid benefits (like unemployment, ss) for them. They're easy to replace and they won't come back in future for any job caused health problems.

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Response to Sunlei (Reply #12)

Sat Aug 24, 2013, 05:06 PM

15. That is exactly the point.

Corporate America doesn't want to raise it for many reasons. But an overwhelming majority of Americans across the aisle do. It takes a political push to do so. I don't understand why people here would get behind OWS, but not for fighting to raise the minimum wage. It's as though that one failed effort was all we had in us. Believe me, the opposition to raising the minimum wage can fight all day and all night. We'd better get active or go home to our ever shrinking bank accounts.

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Response to SleeplessinSoCal (Original post)

Sun Aug 25, 2013, 03:32 PM

19. every state.local and federal D who runs for office should state they will pass a higher min. wage.

Watch how fast the republicans let President Obama raise the federal to 9 an hour, as he asked for in his state of the union address last year.

Republicans would let Pres. Os, $9 policy pass today- so Ds couldn't use that to win 2014.

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Response to SleeplessinSoCal (Original post)

Sun Aug 25, 2013, 11:46 PM

21. Seattle City Council is considering $15/hr minimum wage

As a small business owner I can't take that hit if the city passes that law right now. As a small business owner I can't afford to pay that wage right now. In the short term. In the long term I would benefit because the business I run depends on people having disposable income.

I am hoping that if the Seattle minimum wage does get increased that the city will consider that small businesses need a big tax relief to subsidize the hit of raising the current wage by almost $6/hr. if they do that I will support it.

Here is link about proposal:

http://mynorthwest.com/646/2311314/The-Seattle-push-to-increase-the-minimum-wage-to-15-an-hour

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