NLXSK1
Well-Known Member
"We have all seen or heard about leftist protesters demanding a $15 hourly minimum wage and the Democrat-controlled cities and states where they have succeeded in having their demands implemented.
Seattle is one of those cities. It currently mandates an $11 hourly wage, a temporary step on the way toward a $15 minimum within the next couple of years. But before those minimum wage protesters start cheering too loudly, they may want to see what some economists had to say about their “victory.”
According to Truth Revolt, a study found that despite a supposed increase in real wages, there was virtually no effect on average earnings for workers in the city.
This largely seems due to workers receiving fewer hours, having trouble finding a second job, or being fired or replaced by technology, all as business owners cope with higher labor costs while trying to maintain their profit margin.
The Washington Post reported on the study: “Using their preferred method, they calculated that workers’ earnings increased by $5.54 a week on average because of the minimum wage. Using other methods, the researchers found that the minimum wage hike actually caused total weekly earnings to drop — by as much as $5.22 a week.”
All told, workers are taking home enough to buy themselves a value meal at McDonald’s once a week — as long as they don’t supersize anything. And that’s the best case scenario, according to the study. Worst case, they have to give that meal up.
The truth is probably somewhere in the middle — there has been no meaningful change to workers’ wages in Seattle.
Sadly, it is the lower-income workers and entry-level employees, particularly young minorities, who suffer the most from the wage hikes that are purported to be for their benefit.
Bear in mind that they are the ones protesting in demand of a wage hike that will grant them fewer working hours and make it more difficult to find a second job to make ends meet, leaving them the same or worse off than they were before.
As an aside, the real winner in all of this are the unions, as the union minimum wage is generally a certain percentage higher than the regular minimum wage. So an increase in that means an increase in union wages across the board. That means more dues paid to the union coffers to be spent for Democrat causes — like demanding an increase in the minimum wage, starting the cycle all over again."
Gee, the people who said that it wouldnt work were right... What a fucking surprise.
I would like to thank all the liberals and Democrats that have made life much harder for low income people in Seattle and other areas by promising them shit for free.
Seattle is one of those cities. It currently mandates an $11 hourly wage, a temporary step on the way toward a $15 minimum within the next couple of years. But before those minimum wage protesters start cheering too loudly, they may want to see what some economists had to say about their “victory.”
According to Truth Revolt, a study found that despite a supposed increase in real wages, there was virtually no effect on average earnings for workers in the city.
This largely seems due to workers receiving fewer hours, having trouble finding a second job, or being fired or replaced by technology, all as business owners cope with higher labor costs while trying to maintain their profit margin.
The Washington Post reported on the study: “Using their preferred method, they calculated that workers’ earnings increased by $5.54 a week on average because of the minimum wage. Using other methods, the researchers found that the minimum wage hike actually caused total weekly earnings to drop — by as much as $5.22 a week.”
All told, workers are taking home enough to buy themselves a value meal at McDonald’s once a week — as long as they don’t supersize anything. And that’s the best case scenario, according to the study. Worst case, they have to give that meal up.
The truth is probably somewhere in the middle — there has been no meaningful change to workers’ wages in Seattle.
Sadly, it is the lower-income workers and entry-level employees, particularly young minorities, who suffer the most from the wage hikes that are purported to be for their benefit.
Bear in mind that they are the ones protesting in demand of a wage hike that will grant them fewer working hours and make it more difficult to find a second job to make ends meet, leaving them the same or worse off than they were before.
As an aside, the real winner in all of this are the unions, as the union minimum wage is generally a certain percentage higher than the regular minimum wage. So an increase in that means an increase in union wages across the board. That means more dues paid to the union coffers to be spent for Democrat causes — like demanding an increase in the minimum wage, starting the cycle all over again."
Gee, the people who said that it wouldnt work were right... What a fucking surprise.
I would like to thank all the liberals and Democrats that have made life much harder for low income people in Seattle and other areas by promising them shit for free.
