$15/hr Minimum Wage -- Good of Bad?

[catman]

Is it a good idea to raise the minimum wage to $15/hr? The CBO doesn't think so:
https://www.cbo.gov/system/files/202...nimum-Wage.pdf

[valade16]

Is it a good idea to raise the minimum wage to $15/hr? The CBO doesn't think so:

https://www.cbo.gov/system/files/202...nimum-Wage.pdf

No it doesn’t...

[Scoots]

That document is interesting.

It does include things debated here:
- unemployment is expected to increase 1.4 million lost jobs
- cost of goods is expected to increase
- .9 million people no longer living in poverty
- better health potential for low wage workers

It also implies, to me anyhow, that it's a net positive. More reading to do though.

[spliff(TONE)]

Surely a sign of the end times.

[debo]

Is it a good idea to raise the minimum wage to $15/hr? The CBO doesn't think so:
https://www.cbo.gov/system/files/202...nimum-Wage.pdf

That’s not remotely a conclusion reached by that study.

[Brewersfan255]

Does it help the low wage workers if they lose their job due to the wage increase? And makes it harder for them to find a new job with the elimination of nearly 2M jobs?


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[ewing]

Does it help the low wage workers if they lose their job due to the wage increase? And makes it harder for them to find a new job with the elimination of nearly 2M jobs?


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No. It also doesn’t help to only look at one side of the ledger 100% of the time, dismiss any study that disagrees with you, and champion anyone that agrees with you. What I’m saying there are positive and negatives. Also you are a partisan hack


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[Walter_White]

This bill is dead now.

[SpecialFNK]

is the current minimum wage the same in every state in America or is it different?

can any connection be made for what could happen in America from those that think $15 would be bad, based on the minimum wage in Canada? minimum wage here is $14 an hour.

[benny01]

is the current minimum wage the same in every state in America or is it different?

can any connection be made for what could happen in America from those that think $15 would be bad, based on the minimum wage in Canada? minimum wage here is $14 an hour.

We have a federal minimum wage($7.25), but many states set their own minimum. Illinois, the state I am in, has a minimum of $11 now that will increase gradually to $15 over the next few years.

[Bramaca]

We have a federal minimum wage($7.25), but many states set their own minimum. Illinois, the state I am in, has a minimum of $11 now that will increase gradually to $15 over the next few years.

Canada’s is set up the same, provinces set their own minimum wage but there is no federal minimum wage. Ranges from $11.25 in Saskatchewan to $15.00 in Alberta right now.

[benny01]

Canada’s is set up the same, provinces set their own minimum wage but there is no federal minimum wage. Ranges from $11.25 in Saskatchewan to $15.00 in Alberta right now.

So, if we adjust for our(us) dollar, you guys are roughly at $9.25-$12.50, which would be in line with most of the states that are off of the federal minimum.

[benny01]

Wow, that's sloppy grammar. I can't edit my posts since I've been a mod. Lol

[Scoots]

Does it help the low wage workers if they lose their job due to the wage increase? And makes it harder for them to find a new job with the elimination of nearly 2M jobs?

No. But the oft stated idea behind the change is to improve the quality of the lives of the people who keep their jobs. The lost jobs is an accepted effect.

[Scoots]

Wow, that's sloppy grammar. I can't edit my posts since I've been a mod. Lol

You should be able to edit your posts, I certainly can.