RE: Living wage
June 25, 2015 at 9:54 am
(This post was last modified: June 25, 2015 at 10:19 am by Mister Agenda.)
(June 24, 2015 at 4:59 pm)BrianSoddingBoru4 Wrote: NZ just kicked the minimum wage here to 14.75/hour (that's around $10US) and I haven't noticed any business owners jumping out of windows or cities burning to the ground.
Boru
Raised from 14.25 an hour, right? That's about a 2% increase, right? NZ has done it pretty well, a steady 2% increase every few years beats the USA method of letting it sit and trying to catch up when enough voters demand it. The unemployment rate may be a little higher than it would be if the minimum wage was a little lower, but in economics everything is a tradeoff.
In the USA we're talking about raising the minimum wage from under $8 an hour to around $15 an hour, almost double. And a lot of people want it right now (present company of sensible posters excepted), not only including but especially 'burger flipper jobs'. It's going to be hard to manage that kind of increase, even over five years, without significant negative economic fallout.
I'm not anti-Christian. I'm anti-stupid.
