Seattle sees fallout from $15 minimum wage, as other cities follow suit

UncleBuck said:

they'd go up less because less inflation.



how many jobs stocking shelves do you think exist?

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mollymcgrammar said:

Alot, considering how many stores exist... But who cares the point is that the guys who worked hard and have solid work experience deserve to make more money than people in unskilled labor positions.

My guys who make 15 an hour work their asses off for it. They are skilled. They have training. The guy working a register at dairy queen deserves to be able to have food water and a decent place to live, but if he gets paid as much as a skilled worker, what is the motivation to learn a trade?

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UncleBuck said:

so people are just gonna stop building houses if the minimum wage increases?

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UncleBuck said:

so people are just gonna stop building houses if the minimum wage increases?

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TBoneJack said:

Not necessarily, but they'll stop buying fast food meals than cost way more than they can make them for at home.

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mollymcgrammar said:

No, but the people who do build houses will want more money. That makes contractors raise prices, that makes property values go up which makes rental values go up.

Also, small contracting outfits will suffer. As will alot of other companies that didnt pay min wage to begin with

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UncleBuck said:

the minimum wage in denmark is $20 an hour. their big macs cost $0.70 more.

the minimum wage in australia is $17.29. their big macs cost less than ours.

do you ever say anything that has any basis in reality?

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TBoneJack said:

They don't have our defense costs, or welfare state that we're paying to be poor.

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UncleBuck said:

so contractors won't be able to find people willing to do building for $15 an hour?

sounds unlikely.

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TBoneJack said:

They don't have our defense costs, or welfare state that we're paying to be poor.

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mollymcgrammar said:

Why would i take a job with a construction company for the same pay that i could make doing something much easier, safer, and less demanding?

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UncleBuck said:

that has nothing to do with the price of beef, or bread, or rent, or electric, which is what you are paying for when you buy a big mac.

you are clownshoes.

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TBoneJack said:

Buck, you're clearly a mathematician wannabe (1.618, and not an economist.

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UncleBuck said:

you're right.

carpenters will all lay down their framing hammers and switch to a ob at mcdonalds.

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mollymcgrammar said:

No but they might strike, and less people will be motivated to learn trades because there is no money in it

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mollymcgrammar said:

Lots of highly skilled workers make about 15$ an hour. Maybe nit un high cost of living areas, but here in NEPA if you make 15$ an hour and working full time, your doing quite well.

Thats something that really depends on the area. I know guys with 10+ years experience in skilled labor feilds who make less than that, and like i said before thats what most of my crew makes now.

Yeah, they will probably pissed if minimum wage goes up that much and they dont get a nice raise.

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heckler73 said:

The median is defined as the point where 50% of the data points lie below (or above) .
However, in this particular case, I will concede you could be correct but by accident, only.

http://www.ssa.gov/oact/cola/central.html
If one cranks out the hourly rate from the median annual data (using OECD stats for average hours worked), it should be found the median hourly wage hovers around $15.67 nationally.
So, while your logic is plausible it may be quite off the mark in the end as far as reality is concerned, ceteris paribus. A mixed outcome (some losses) would still bear out a higher median if the above amount is reasonably credible.
The point being, $15 WILL move the median higher, regardless, due to ripple effect at those margins.
But here's a following question, what will that ripple look like?
I suspect it will be akin to a sinc function.

The negative values being the "vacuum" created by corresponding wages shifting to the right (in turn, creating the positive values). It's a fairly common solution arising from Harmonic Oscillators in 3D, for instance. Considering the cyclic habits of humans and nature of liquid markets, it is not out of the range of plausibility; although, grasping the concept may be arguably difficult for the median, orthodox economist. That's why Social Sciences need more input from the Hard ones, if they are going to evolve, with the Mathematicians in the ether belittling us all for not crossing our t's and dotting our time-derivatives. Fallacious Neo-Classical perspectives have been withering away gradually since the GFC, but there is a void in their departure still needing to be filled, with plenty of tautologies yet to be dismantled.

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heckler73 said:

The median is defined as the point where 50% of the data points lie below (or above) .
However, in this particular case, I will concede you could be correct but by accident, only.
Giant mound of bullshit follows

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UncleBuck said:

$15 an hour doesn't mean there is no money in it, it means there is $15 an hour in it.

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Red1966 said:

You are correct.. I consider myself highly skilled, live in a low wage area (Florida panhandle) and I make double that. There is a shortage of skilled workers in my field so that gives me a "kicker"

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mollymcgrammar said:

Yeah, and the time and effort spent learning a trade that will earn the same wage that they could earn at McDonald's... Who wouldnt want to do it.

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mollymcgrammar said:

Yeah, and the time and effort spent learning a trade that will earn the same wage that they could earn at McDonald's... Who wouldnt want to do it.



If you dont mind me asking, what feild is that?

30$ an hour is great money. Now imagine if minimum wage was raised to that... Would you be happy about using your skill to earn the equivalent of minimum wage? Would you ever have learned your skill if you knew it would get you minimum wage?

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