Are you aware there is more wealth inequality in wealthier states than poorer states? There’s no state in the US like Saudi Arabia. Wealthier states have a higher cost of living, making it more difficult to earn a livable wage, not less. That’s precisely why states set their own minimum wage, which is unfortunately below representative of the difference in cost of living.
As I said above, an ideal federal minimum wage is enough to live on in the state with the lowest cost of living. More than that will put more people in lower income states below the poverty line when the price of goods and services increase as a result of the higher payroll costs.
Because I understand economics, and it’s not the right tool for the job.
If you raise the federal minimum wage too high for the poorest states, private businesses will not be able to employ workers. Raising wages directly increases the cost of goods, driving consumers to corporate chains, shuttering local businesses whose employees end up working for minimum wage for the corporations. That’s how you end up with an entire state on welfare and SNAP benefits while working, just to make ends meet.
What you want is a livable wage everywhere, which I am all for. That cannot happen by increasing the federal minimum wage. Smart subsidization and mixed-economics (Democratic Socialism) has proven to be the most effective way to achieve that goal. Look into Nordic mixed-economies for reference.
Honestly you don’t or you’d understand it’s too low. The entire point of a minimum wage is it’s supposed to be the minimum amount a person needs to make to survive as businesses will do everything they can do pay as low as they can. It’s the floor and shouldn’t be a poverty wage which it continues to be as people like you say we can’t possibly do anything to help people.
That drives people to corporate chains, shuttering local businesses whose employees end up working for minimum wage for the corporations. That’s how you end up with an entire state on welfare and SNAP benefits
Notice how that’s already the case in most of small town America, to the point large corporations train staff during orientation on how to get it.
This is why go higher and force them to actually pay.
Then again you only want the bare minimum so what’s the point of trying to convince you of anything
Your outrage is justified, but your reasoning is flawed. Take an economics course. You’d be very surprised how limited the federal minimum wage is in accomplishing a livable wage across our nation. It’s a safety net for the poverty line. Any more than that will destroy the local economies of poor states. That’s why states set their own minimum wage.
I’d argue you’re the one who needs more courses on economics but considering how varied the courses and reasoning in economics can be that’s slightly pointless. Then again wonder which you took if arguing we should be racing to bottom with wages.
MIT puts it best by saying min wage should be a living wage not just poverty level:
Yes. Federal minimum wage was designed to be set at a livable wage for the poorest states. States with higher costs of living are supposed to raise their minimum wage above the poverty line for their state.
I’m in NY. A higher federal minimum wage would actually benefit me, because we would see less of a hike in essential goods and services. An increase to $17/hr is only $0.50 more than the current state minimum wage. It’s the poor states and older people that suffer when the minimum wage is too high.
The increased price of goods drives people to corporations over private businesses. The private businesses can’t afford the higher payroll, resulting in layoffs. Those businesses fold, and the previous employees go to the corporations for minimum wage jobs. They inevitability end up on SNAP or other federal assistance while working full time once inflation sets in.
Older people nearing retirement may be forced to work for longer, because their target retirement savings is no longer sufficient. Social Security payments are adjusted for inflation at 2.5%, which is dwarfed by sizable increases in the minimum wage.
Again, as I said above, I’m all for a livable wage across our nation. I’m saying that adjusting the minimum wage is not the only lever that needs to be pulled to make that happen, and brining it up too high too quickly can actually be worse for poor areas than better.
No, i just had to pass an economics class that had a required paper on protecting the vulnerable members of society through federal social systems and the minimum wage. It became abundantly clear that our system of economy is the reason we have the need for social programs, not the federal minimum wage.
As I said above, I’d prefer that we all had a livable wage. That’s not feasible with our current economic system. We’d need to employ more democratic socialism and use adjustable subsidies to ensure all people were paid enough through a regularly fluctuating economy.
BTW, I am the exploited, so there’s really no benefit for me in this argument. It’s simply an educated perspective.
It’s not barely enough. It’s the median income.
It’s the same picture.
Alabama is a developing country.
It’s barely enough in the poorest state, how is that acceptable to you?
Just to show how bad it is, in today’s money if it’s a family 17 just 2 dollars over poverty wage of 15.
https://www.americanprogress.org/article/the-minimum-wage-is-a-poverty-wage/
Because they’re not in rich states, so their lives have no value.
Are you aware there is more wealth inequality in wealthier states than poorer states? There’s no state in the US like Saudi Arabia. Wealthier states have a higher cost of living, making it more difficult to earn a livable wage, not less. That’s precisely why states set their own minimum wage, which is unfortunately below representative of the difference in cost of living.
So how low is low enough for you? How exploited do you want to see everyone?
As I said above, an ideal federal minimum wage is enough to live on in the state with the lowest cost of living. More than that will put more people in lower income states below the poverty line when the price of goods and services increase as a result of the higher payroll costs.
But if it never goes up, oh well. Not like it matters to you.
Willful ignorance gets no respect from me. Take your empty and actionless criticism elsewhere.
Baseless arrogance gets none from me.
Or simply because it’s not pure free market so should get removed completely.
They seem really in favor of just removing gov protections
Because I understand economics, and it’s not the right tool for the job.
If you raise the federal minimum wage too high for the poorest states, private businesses will not be able to employ workers. Raising wages directly increases the cost of goods, driving consumers to corporate chains, shuttering local businesses whose employees end up working for minimum wage for the corporations. That’s how you end up with an entire state on welfare and SNAP benefits while working, just to make ends meet.
What you want is a livable wage everywhere, which I am all for. That cannot happen by increasing the federal minimum wage. Smart subsidization and mixed-economics (Democratic Socialism) has proven to be the most effective way to achieve that goal. Look into Nordic mixed-economies for reference.
Honestly you don’t or you’d understand it’s too low. The entire point of a minimum wage is it’s supposed to be the minimum amount a person needs to make to survive as businesses will do everything they can do pay as low as they can. It’s the floor and shouldn’t be a poverty wage which it continues to be as people like you say we can’t possibly do anything to help people.
Notice how that’s already the case in most of small town America, to the point large corporations train staff during orientation on how to get it.
This is why go higher and force them to actually pay.
Then again you only want the bare minimum so what’s the point of trying to convince you of anything
Your outrage is justified, but your reasoning is flawed. Take an economics course. You’d be very surprised how limited the federal minimum wage is in accomplishing a livable wage across our nation. It’s a safety net for the poverty line. Any more than that will destroy the local economies of poor states. That’s why states set their own minimum wage.
I’d argue you’re the one who needs more courses on economics but considering how varied the courses and reasoning in economics can be that’s slightly pointless. Then again wonder which you took if arguing we should be racing to bottom with wages. MIT puts it best by saying min wage should be a living wage not just poverty level:
https://livingwage.mit.edu/
Then there’s the fact it would be in 20 dollars rage by simply being tied to inflation:
https://cepr.net/publications/correction-this-is-what-minimum-wage-would-be-if-it-kept-pace-with-productivity/
Finally increasing it would actually help marginalized groups
https://www.americanprogress.org/article/raising-the-minimum-wage-would-be-an-investment-in-growing-the-middle-class/
It should be a living wage…in each state. Why is it so hard for everyone to understand the difference between state and federal minimum wages?
Because federal is the floor all the states need to be at or above. Or because states are just arbitrary boundaries in the nation.
Why are you so against anything other than it should barely be above the worst state(s)?
And if for a living wage you wouldn’t be saying 17 since that’s still too low in your example of Arkansas
https://livingwage.mit.edu/states/05
Yes. Federal minimum wage was designed to be set at a livable wage for the poorest states. States with higher costs of living are supposed to raise their minimum wage above the poverty line for their state.
I’m in NY. A higher federal minimum wage would actually benefit me, because we would see less of a hike in essential goods and services. An increase to $17/hr is only $0.50 more than the current state minimum wage. It’s the poor states and older people that suffer when the minimum wage is too high.
The increased price of goods drives people to corporations over private businesses. The private businesses can’t afford the higher payroll, resulting in layoffs. Those businesses fold, and the previous employees go to the corporations for minimum wage jobs. They inevitability end up on SNAP or other federal assistance while working full time once inflation sets in.
Older people nearing retirement may be forced to work for longer, because their target retirement savings is no longer sufficient. Social Security payments are adjusted for inflation at 2.5%, which is dwarfed by sizable increases in the minimum wage.
Again, as I said above, I’m all for a livable wage across our nation. I’m saying that adjusting the minimum wage is not the only lever that needs to be pulled to make that happen, and brining it up too high too quickly can actually be worse for poor areas than better.
You want a permanent underclass of flyover morlocks to exploit.
No, i just had to pass an economics class that had a required paper on protecting the vulnerable members of society through federal social systems and the minimum wage. It became abundantly clear that our system of economy is the reason we have the need for social programs, not the federal minimum wage.
As I said above, I’d prefer that we all had a livable wage. That’s not feasible with our current economic system. We’d need to employ more democratic socialism and use adjustable subsidies to ensure all people were paid enough through a regularly fluctuating economy.
BTW, I am the exploited, so there’s really no benefit for me in this argument. It’s simply an educated perspective.
How convenient for those of you who have already gotten theirs.
As I said above, I am the exploited. Reading comprehension is not your forte, is it?