Nov 19, 2020¡2 replies
better pic
Nov 19, 2020¡2 replies
Ghetto LennyHe makes this happen and the $50,000 student debt cancellation he will be off to a good start.
https://twitter.com/JoeBiden/status/1328467885279375361If they do a $15 minimum wage, what happens to the wages of People who currently make around $15 an hour?
Cause If Iâm somebody making double the minimum wage ($15 an hour) and suddenly literally any job will pay as much as my current job, Iâm expecting an increase too lol. But if everybodyâs money increases at the same time wouldnât it just ultimately lead to inflation?
orangetcovid đđżNov 19, 2020¡2 repliesTheoryIf they do a $15 minimum wage, what happens to the wages of People who currently make around $15 an hour?
Cause If Iâm somebody making double the minimum wage ($15 an hour) and suddenly literally any job will pay as much as my current job, Iâm expecting an increase too lol. But if everybodyâs money increases at the same time wouldnât it just ultimately lead to inflation?
Really interesting take. Wonder if the guys that push this policy have thought of this. It's just like student debt. If everyone's debt is forgiven what happens to people who saved and paid out of pocket or the guys who just paid of their loans.
At the end of the day it looks like all these welfare and social aids will benefit some more and those who don't benefit from it just have to deal with it.
- Nov 19, 2020¡1 replyTheory
If they do a $15 minimum wage, what happens to the wages of People who currently make around $15 an hour?
Cause If Iâm somebody making double the minimum wage ($15 an hour) and suddenly literally any job will pay as much as my current job, Iâm expecting an increase too lol. But if everybodyâs money increases at the same time wouldnât it just ultimately lead to inflation?
inflation - no, no new money is being created. And maybe your employer will raise your wage to keep you from fleeing to an easier job, or maybe they wonât. They may raise prices, or they may cut costly corners somewhere else
People in your position will just have deal and be happy knowing their fellow American is being paid a barely livable wage
- Nov 19, 2020orangetcovid
Really interesting take. Wonder if the guys that push this policy have thought of this. It's just like student debt. If everyone's debt is forgiven what happens to people who saved and paid out of pocket or the guys who just paid of their loans.
At the end of the day it looks like all these welfare and social aids will benefit some more and those who don't benefit from it just have to deal with it.
so much of the American mindset is âi want others to suffer as much as I haveâ and not âletâs end the sufferingâ
- Nov 19, 2020Lou
inflation - no, no new money is being created. And maybe your employer will raise your wage to keep you from fleeing to an easier job, or maybe they wonât. They may raise prices, or they may cut costly corners somewhere else
People in your position will just have deal and be happy knowing their fellow American is being paid a barely livable wage
Yeah Iâm using inflation as âdevaluing of moneyâ rather than the literal inflation here. But if companies just increase costs to pay for new costs of labor for the minimum wage workers as well as people who now also expect more money, then that $15 minimum wage isnât really worth $15 the way that it is now. Because the money has become devalued.
And Iâm not saying âI want others to suffer as much as I haveâ, I agree that we need to improve peopleâs standings. But a federally mandated minimum wage that doubles minimum wage in many areas doesnât seem like it will be as beneficial as intended. And actually, could end up hurting the workers and class that it intends to help.
Nov 19, 2020https://twitter.com/stevemorris__/status/1329480691285979137Lou better pic
https://twitter.com/davidpoland/status/1329480987827269638
- Nov 19, 2020¡3 repliesorangetcovid
Really interesting take. Wonder if the guys that push this policy have thought of this. It's just like student debt. If everyone's debt is forgiven what happens to people who saved and paid out of pocket or the guys who just paid of their loans.
At the end of the day it looks like all these welfare and social aids will benefit some more and those who don't benefit from it just have to deal with it.
I mean it must have been considered and deemed a nonissue among the people writing the laws. But Iâm just wondering what the logic is behind it because to me it sounds like
1) people already above minimum wage are losing as their money is devalued. Their employers may or may not increase their pay equally, different employers will react differently.
2) small businesses are hurt by this, as their operating costs increase. Small businesses are already struggling. Small businesses that havenât been able to properly operate all year are now going to have one of their biggest costs doubled (in certain states). The average small business doesnât bring in enough money to handle doubling costs like this. They will have to either cut hours or raise prices, or both.
3) corporations benefit from this. Corporations can afford to maintain lower prices to beat out small businesses who are having to raise prices. They can also afford to implement automation (self checkouts). Then once they have beat out the competition, they will raise prices.
- orangetcovid đđżNov 19, 2020Theory
I mean it must have been considered and deemed a nonissue among the people writing the laws. But Iâm just wondering what the logic is behind it because to me it sounds like
1) people already above minimum wage are losing as their money is devalued. Their employers may or may not increase their pay equally, different employers will react differently.
2) small businesses are hurt by this, as their operating costs increase. Small businesses are already struggling. Small businesses that havenât been able to properly operate all year are now going to have one of their biggest costs doubled (in certain states). The average small business doesnât bring in enough money to handle doubling costs like this. They will have to either cut hours or raise prices, or both.
3) corporations benefit from this. Corporations can afford to maintain lower prices to beat out small businesses who are having to raise prices. They can also afford to implement automation (self checkouts). Then once they have beat out the competition, they will raise prices.
Yea really interested in how this pans out
soccerfanj â˝Nov 20, 2020¡1 replyTheoryI mean it must have been considered and deemed a nonissue among the people writing the laws. But Iâm just wondering what the logic is behind it because to me it sounds like
1) people already above minimum wage are losing as their money is devalued. Their employers may or may not increase their pay equally, different employers will react differently.
2) small businesses are hurt by this, as their operating costs increase. Small businesses are already struggling. Small businesses that havenât been able to properly operate all year are now going to have one of their biggest costs doubled (in certain states). The average small business doesnât bring in enough money to handle doubling costs like this. They will have to either cut hours or raise prices, or both.
3) corporations benefit from this. Corporations can afford to maintain lower prices to beat out small businesses who are having to raise prices. They can also afford to implement automation (self checkouts). Then once they have beat out the competition, they will raise prices.
People will would want to work at McDonaldâs more as one answer
- soccerfanj â˝Nov 20, 2020
Imma get in my labor economics book cuz o wrote a paper for minimum wage increasing by yâall are drastically overstating the increase of mininmum wage
- Nov 20, 2020¡1 replysoccerfanj
People will would want to work at McDonaldâs more as one answer
The first point I made could be reduced to that, sure. The second and third points, not really. And I know a few small business owners who would definitely be forced to increase their prices if this does go through. I live in a state where $15 would be doubling the current minimum, it wouldnât be the same exact scenario across the country.
Nov 20, 2020Inviting Wayne county officials to the White House is worrying ngl
Doubt theyâll get away with anything with a margin of 100k votes
- soccerfanj â˝Nov 20, 2020¡1 replyTheory
The first point I made could be reduced to that, sure. The second and third points, not really. And I know a few small business owners who would definitely be forced to increase their prices if this does go through. I live in a state where $15 would be doubling the current minimum, it wouldnât be the same exact scenario across the country.
The theory back your argument up but the research and data done by many economists have mixed reviews on this topic, skewing more to stating that minimum wage didnât affect employment rates
Iâll look at the book when I get home so I can see both sides of the argument
Nov 20, 2020¡2 repliesNewsflash: Biden won Georgia... again
- Nov 20, 2020mjpplus
Newsflash: Biden won Georgia... again
https://twitter.com/nprpolitics/status/1329583246879895553đ
- Nov 20, 2020
All my CLB folk in here I have new found respect. Salute to you guys.
- Nov 20, 2020
Nov 20, 2020mjpplusNewsflash: Biden won Georgia... again
https://twitter.com/nprpolitics/status/1329583246879895553
- Nov 20, 2020soccerfanj
The theory back your argument up but the research and data done by many economists have mixed reviews on this topic, skewing more to stating that minimum wage didnât affect employment rates
Iâll look at the book when I get home so I can see both sides of the argument
Yeah, Iâve seen conflicting results in different areas. My main concern is areas like mine where it will be a pretty dramatic increase, states that already have a higher minimum wage probably wonât experience much of a change.
Nov 20, 2020¡2 repliesTheoryI mean it must have been considered and deemed a nonissue among the people writing the laws. But Iâm just wondering what the logic is behind it because to me it sounds like
1) people already above minimum wage are losing as their money is devalued. Their employers may or may not increase their pay equally, different employers will react differently.
2) small businesses are hurt by this, as their operating costs increase. Small businesses are already struggling. Small businesses that havenât been able to properly operate all year are now going to have one of their biggest costs doubled (in certain states). The average small business doesnât bring in enough money to handle doubling costs like this. They will have to either cut hours or raise prices, or both.
3) corporations benefit from this. Corporations can afford to maintain lower prices to beat out small businesses who are having to raise prices. They can also afford to implement automation (self checkouts). Then once they have beat out the competition, they will raise prices.
i think my biggest concern is the precedent for independent contractors set in CA w prop 22 + the current economy (which was already being propped up by gig/part-time work) accelerating further in that direction due to covid; this makes increased min wage less impactful in that many wont actually see it
Nov 20, 2020LouIf I were a Trump fan who wanted to challenge the results frankly Iâd be pissed that these are the people he picked to defend his claims. but that implies Trump ppl have any sense of awareness or critical thinking skills which is maybe giving them too much credit
Itâs cause no reputable law firm wants to represent them lol
- Nov 20, 2020https://twitter.com/stevemorris__/status/1329480691285979137Lou
better pic
https://twitter.com/davidpoland/status/1329480987827269638My mans dripping oil like he a robot
- Nov 20, 2020
74 million people can f*** off tbh
Nov 20, 2020Just saw my best childhood friend on Twitter say, âa Pence/Owens (Candace) administration would be so powerful
