St. Louis minimum wage will drop from $10 to $7.70

Discussion in 'Politics, Religion, Social Issues' started by DearthnVader, Jul 7, 2017.

  1. DearthnVader macrumors 6502

    DearthnVader

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    #1
    http://www.cnn.com/2017/07/07/us/st-louis-minimum-wage/index.html

    Looks like a war on the working poor.
     
  2. samcraig macrumors P6

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  3. chagla macrumors 6502a

    chagla

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    #3
    that's fine and dandy as long as the rich get their handouts in the form of tax-breaks.
     
  4. LordVic macrumors 601

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    #4
    So, along with a minimum wage decraese, does that also come with a decrease in costs? is there going to be a max price set on staple items like bread and milk?

    or **** that? free market! LETS FORCE PEOPLE TO MAKE LESS MONEY WHILE WE RAISE PRICES!
     
  5. yaxomoxay, Jul 7, 2017
    Last edited: Jul 7, 2017

    yaxomoxay macrumors 68000

    yaxomoxay

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    #5
    You got it backwards.
    It's not forcing people to make less money. It was forcing people to make more money which was equally damaging.
     
  6. Eraserhead macrumors G4

    Eraserhead

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    #6
    It's awful paying people something close to a basic cost of living. Awful.
     
  7. yaxomoxay macrumors 68000

    yaxomoxay

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    #7
    Yes it is.
    But you know very well what happens when you force a higher minimum wage. It's a mess.
     
  8. samcraig macrumors P6

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    #8
    This will clearly affect new hires. But I wonder if any business will actually decrease wages and/or "clean house" and rehire at the lower wage
     
  9. Eraserhead macrumors G4

    Eraserhead

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    #9
    No it isn't. Unless it gets silly. But 11 isn't silly.
     
  10. yaxomoxay macrumors 68000

    yaxomoxay

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    #10
    I bet it will happen.
    --- Post Merged, Jul 7, 2017 ---
    Uh, I might misunderstood what you said.
     
  11. citizenzen macrumors 65816

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    #11
  12. noekozz macrumors 6502a

    noekozz

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    #12
    Well at least that's one grim way of getting companies to hire more workers, just lower the minimum wage to borderline poverty level. Awesome.
     
  13. LordVic macrumors 601

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    Ontario
    #13
    Actually, research studies have shown that the link between minimum wage increases and inflation is not what people like to claim

    The Myth has been thoroughly bunks

    While not all businesses are going to be able to handle a raise in their employee salaries, the question that then remains is, does that business deserve to continue to operate if the owners are unable to have a business that can employ people with reasonable rates (living wages)

    Unfortunately right now, the rate of inflation h as outpaced the rate of increase to income. Especially at the minimum wage. And yet, Despite no significant increase in Min wages, inflation still has continued at it's pace.

    What this indicates as while there is a small link between the two, it is NOT the smoking gun bad problem that you're trying to make it out to be

    Believing that min wage directly correlates to inflation, and that raising peoples wages will mean inflation will increase is a Reagenomics (Trickle down) myth that gets perpetuated to try and convince people that minimum wage should be purposely below living wage.
    --- Post Merged, Jul 7, 2017 ---
    again. Not true. Here in Canuckistan, we regularly have reviews of minimum wages, and in many provinces, minimum wages have been raised without the mythical inflation that's supposed to side with it, And without the "Mess" you've claimed.

    You're buying into myth and talking points. At the end of the day, the numbers are all showing up here. As employees have more money, they spend more money, buying more products and stimulating economic growth.
     
  14. citizenzen macrumors 65816

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    #14
  15. DearthnVader thread starter macrumors 6502

    DearthnVader

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    #15
    Reaganomics, and the Reagan miracle, isn't what Free Market Capitalist think it is.


    [​IMG]
    [​IMG]

    Reagan increased the Public debt of the US 187%, mostly by not fully funding the Government. Sure he got economic growth, but just imagine the economic growth anyone would get from incurring 187% more debt.
     
  16. LordVic macrumors 601

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    #16
    Spite

    the Republican controlled state hate that a city in their state are doing a "left" move by increasing minimum wages to provide livable wages for all employees.

    This is something the Republicans and extreme right are always against.
     
  17. noekozz macrumors 6502a

    noekozz

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    #17

    Exactly, there was economic growth because people were spending money they didn't have. Similar to the housing bubble and eventual crash, lenders were dishing out money left and right to people who would not otherwise qualify.
     
  18. jkcerda macrumors 6502

    jkcerda

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    #18
    minimum skills = minimum wage.
    guess they are going by federal standards?
    had a few democrats in office, why didn't they raise it if they believed in a "living wage"????
     
  19. LordVic macrumors 601

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    #19
    because even the Democrats really aren't that far enough left of centre to be willing to jump on something that would trigger "socialist" or "communism!". The idea behind things like "Living wages" and "basic income" is heavily seen as socialist and a move towards communism.
     
  20. MadeTheSwitch macrumors 6502a

    MadeTheSwitch

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    #20
    You seem like a pro-freedom type of person, so I would think you'd take issue with this:

    I know I sure do. Is the next battle going to shift from "state's rights" to "local rights"? Because to me it seems like state government oversteps quite a bit. I think a city ought to be able to set wages that are more appropriate for their area.
     
  21. blackfox macrumors 65816

    blackfox

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    #21
    So, maybe i'm an idiot - but many cities here on the West Coast (SF, Portland, Seattle) have set municipal laws for minimum wage to reflect the economic realities of their city(ies). Has a State ever trumped (ha!) a city-level decision? Could the Federal Govt overrule State minimum wages by precedent? I'm just curious...
     
  22. Herdfan macrumors 6502

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    #22
    So let me ask this a slightly different way.

    Is it better to:

    1) Have a business operating that provides some low-income jobs or not have those jobs exist at all?, or

    2) Have a business that provides X number of low-income jobs or offers X-Y jobs at a higher wage. In simpler terms, is it better to employee 10 people at $8/hr or 8 at $10?

    In a previous career I owned a franchised QSR. My day crew could run with far fewer higher paid employees than the evening crew made up of mostly teenagers. Same amount of work. So should I have to pay those teenagers more simply because someone thinks I should even though they are doing less work per employee than the higher paid workers?

    The concept was simple. I was willing to pay somewhere around $100/hr in wages and it didn't matter to me how we got there. Now one thing I never did was send people home even though it is common practice in the industry. So they might have made a slightly lower wage, but they also knew if they were on the schedule for X number of hours, they would get those hours. Now if I had to pay a higher wage, I may have changed my tune and sent people home when they were not needed.

    For the record, back then the minimum wage was $5.15hr. Everyone started at $6 with an additional $0.50 held is reserve. After 90 days of employment they automatically went to $6.50. If they had no writes up, they got all those hours of $0.50 reserve as a bonus.
     
  23. Eraserhead macrumors G4

    Eraserhead

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    #23
    Teenagers don't normally get the full minimum wage ;).
     
  24. samiwas macrumors 65816

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    #24
    Well, history seems to show that there was no mass loss of jobs at minimum wage increases. So.....tell me...what happens?
    --- Post Merged, Jul 8, 2017 ---
    http://fortune.com/2016/12/09/ohio-state-legislature-cities-local-minimum-wages/
     
  25. LordVic macrumors 601

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    Ontario
    #25
    The very premise here is flawed

    Your argument that a job that requires 10 people to do, will suddenly only need 8, based on wages.

    That is not what happens today and not likely tomorrow. If there's a job that requires 10 people to do it at 7.70/hr, chances are it'll still need 10 people at 10/hr

    No right business who actually expects to be in business tomorrow is just going to suddenly shrink their workforce because of increase to wages. If this happens, you need to take a good hard look at that businesses business plan. You will likely find that the business plan is built around profit first and short term decision making, than proper long term solution planning.

    For example, in my team at work. Even if we all made 2x the pay, we'd still be the same size team. because that's the workload. If my company decides that profit margins are more important than handling the workload, sure, someone might get canned to save some money on the financials. But the long term is that the shorter team can't keep up and we lose clients. Thus, poor business decision based on short term goals and not long term planning.

    Trust me. PLcaees like Walmart, that just might fire people over min wage increase are already companies that can afford to pay employees far higher than min wage. They choose not to because it's not in their corporate goals interest of mas profit. And since they can get away with paying so little, they do.

    So far, locations who have increased minimum wages have all claimed the exact opposite that many here claim about lost jobs and increased inflations. Quite the opposite. They're usually claiming business boosts when people can actually afford to spend money.
     

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