There goes Florida's economy

If you can not explain it, then you do not comprehend.

Now, there are a few studies that support your position however those studies only demonstrates a correlation and not a causation that is always repeatable.

However, of much rather you explain why the arbitrary $15/hour, unless of course you insist uon dies upon your own sword.

 

They would not be trusted to set minimum wage. They should be allowed to determine how much they should pay their employees. It comes down to one simple point. Employers don't have to employ and employees don't have to work for them. If they can't pay enough to stay in business, they go out of business. If the employees can't get by on what they pay, then they can go elsewhere. Going out of business because they cannot afford to pay minimum wage benefits no one.

 

"I am an economist with particular expertise in the minimum wage and low-wage labor markets. My testimony establishes that

• A national $15 minimum wage by 2024 is an important corrective to ensure that low-wage workers share the benefits of economic growth.

• The bulk of recent economic research on the minimum wage, as well as the best scholarship, establishes that prior increases have had little to no negative consequences and instead have meaningfully raised the pay of the low-wage workforce.

• Minimum wage workers, and low-wage workers generally, are mostly adults and are also disproportionately women and people of color.

• Workers in every region of the country will soon need $15 per hour to maintain a modest but adequate standard of living.

Raising the national minimum wage is well overdue. Workers today who are paid the federal minimum wage of $7.25 an hour are, after adjusting for inflation, paid 29 percent less than their counterparts 50 years ago. This is despite the fact that the economy’s capacity to deliver higher wages has doubled in the last 50 years, as measured by labor productivity

Paul Wolfson and Dale Belman reviewed 15 years of research published since 2001—which comprised 37 studies and 739 estimates—and found that the average estimated employment effect of minimum wage increases was very small."

https://www.epi.org/publication/minimum-wage-testimony-feb-2019/

 

When you throw in the word "average", the whole thing means very little. The average business stays in business. However, a number of businesses go out of business. Those are businesses who might have survived and thrived given the time to do so. However, mandated minimum wages means they no longer have the time.

There are also businesses where the people would rather work there at a low wage than not work at all or work at another business which pays better. Mandated minimum wages take personal preferences out of the equation.

 

These things are usually phased in gradually...

It's a cost/benefit thing, done properly the benefits are much greater than the costs.

 

That depends on who you are benefitting and who is paying the bills. .

 

It depends on what is best for the country.

 

Individual be damned.

Does the analysis include those businesses which do not exist because the prospective employer did not believe he could initially pay the required minimum wage?

 

Apparently no one can, not even you. Why don't you explain your methodology for arriving at $15.00 an hour as the perfect minimum wage?

 

So, in your world, only businesses that overcharge provide quality.

Absolute nonsense!

As I said, if you see an increase in salaries as just an excuse to raise prices, instead of an opportunity to acquire new customers, your mind is not set on growth. Or, for that matter, on service. I think that centering a business on profits instead of on the needs of the clients, is just as bad as offering a poor service. Maybe it's more profitable, but I just don't do that. I like what I do. And I love it when my clients are happy with us.

I look forward to servicing new clients who couldn't afford my services when they were making $8 an hour. But now, making $15 an hour, they can.

 

Didn't say that.

 

Well you said the amount was "moderate" so there must have been some methodology that you used to arrive at that conclusion. What was it?

 

15 compared to 40 is moderate.

 

So you don't have any idea. Thanks for wasting everyone's time.

 

40 compared to 150 is moderate.

 

So?

 

You guys keep proving you don't understand the concept.

 

From the guy who can't define it.

 

If you can't understand it I don't know how to explain it.

 

ok

 

The adage "you get what you pay for" is accurate. We can just leave it at that.

 

Hmm 2 million lost jobs if we got a federal $15.00 minimum wage.

The State Employment Impact of a $15 Minimum Wage

 

I can't speak for anybody else, but in my business, I'm going to need to hire more people to meet the demands of those who couldn't afford my services before, but can afford them when they make $15 an hour.

 

Hmm OK.

 

Then why not raise it to $20 an hour? Or $25 an hour?

Pay close attention to what I'm saying: There should be no minimum wage, period.