Senate Republicans Kill Minimum Wage Bill

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I love when Republicans start talking about "free money."
 
CEO gets millions in raises and bonuses. But when it comes to minimum wage…..OH NOES!! YOU ARE KILLING JERBS!!

Its all about the stock price. Higher payroll = higher overhead = decreased bottom line earnings = stock price decrease = wary investors.
 
I find it disgusting how big business and Republicans are against the minimum wage increase and for gutting welfare and foodstamps. How the fuck are low-income families supposed to make due then?

Turn to crime, end up in prison, become a part of the booming prison workforce that some of these assholes are invested in. You have to re-frame your way of thinking and your question to make sense of the obvious: these people are not actually interested in the well-being of the less fortunate nor their ability to make ends meet.
 
The jump is HUGE. I'm not surprised. Not that I don't think it should be raised. But jumping the minumum wage 29% is a ton of money. It's going to take 5-10% increases slowly to get it to pass.
 
It's absolutely amazing how wages have completely stagnated in this country in century. It's inexcusable and a big part of the reason why this country keeps falling behind. I fear for how some republican controlled states (the south) will look in the next 10-20 years.

Some sort of raise needs to happen as things just keep getting more and more expensive. Can't why just pass a raise to $8.50 or $9? It's still too low but it's something.
 
It still baffles me that every time debate about increasing minimum wage after years of it being the same comes up. The sides are "raise it" and "keep it where it is". Can't conservatives argue something like "lets raise it to $9 instead of $10"?

Not that I necessarily agree that it should only be increased to $9, but that's actually a sane debate.
 
I like how the quoted republican lays it all out.

Basically, if you think you deserve a living wage you're not just a dirty poor... you're a god damned hippie!
 
The jump is HUGE. I'm not surprised. Not that I don't think it should be raised. But jumping the minumum wage 29% is a ton of money. It's going to take 5-10% increases slowly to get it to pass.

The proposal was to phase it in over the next four years or so. This was just setting a discrete endpoint, at least until reexamination.
 
Someone please explain to me why people support the Republican Party? How can one party be so wrong on so many issues?

They're the good guys in their own minds. To Republicans, a minimum wage hike doesn't actually help anyone because it results in inflation by the same amount, and does actually harm people because companies will lay some people off due to the additional expense.

By filibustering this bill, they're defeating a piece of political theater by Democrats, who want to look like they're helping poor people while only hurting them.
 
The jump is HUGE. I'm not surprised. Not that I don't think it should be raised. But jumping the minumum wage 29% is a ton of money. It's going to take 5-10% increases slowly to get it to pass.

The jump may seem huge, but $7.25/hour is pitifully low right now.
 
You need strong unions, not minimum wage bills. Germany has no minimum wage, and they have a fantastic unionised workforce that negotiate wages on an industry wide level.
 
Two things can happen as a consequence of minimum wage increases:

1) Decreased employment. Higher wages means some employers will choose to have fewer employees.

2) Increased inflation. Higher purchasing power means faster velocity of money, which increases inflation.

I am not necessarily saying I agree with the congressman, by the way. I'm just saying that higher minimum wage laws do have negative consequences. No economic choice is without downsides.
This is certainly the intuitive viewpoint, but the word's not out on this actually happening at a significant scale.
 
The proposal was to phase it in over the next four years or so. This was just setting a discrete endpoint, at least until reexamination.

Ah, I see. That's still 7% a year, which is a lot. Again, not disagreeing with it.

The jump may seem huge, but $7.25/hour is pitifully low right now.

It is, and it's embarrassing. But with the way it's all set up now, you have to "play the game" to get your way.

I was one of those minimum wagers for a long time and I know how difficult it is to live off such a wage. I'm all for increasing it.
 
It still baffles me that every time debate about increasing minimum wage after years of it being the same comes up. The sides are "raise it" and "keep it where it is". Can't conservatives argue something like "lets raise it to $9 instead of $10"?

Not that I necessarily agree that it should only be increased to $9, but that's actually a sane debate.

The Senate doesn't understand compromise. Especially not Republicans.
 
Two things can happen as a consequence of minimum wage increases:

1) Decreased employment. Higher wages means some employers will choose to have fewer employees.

2) Increased inflation. Higher purchasing power means faster velocity of money, which increases inflation.

I am not necessarily saying I agree with the congressman, by the way. I'm just saying that higher minimum wage laws do have negative consequences. No economic choice is without downsides.

It's also worth noting that these downsides are not evenly distributed amongst different demographics; typically minimum wage increases affect young people the most.
 
They're the good guys in their own minds. To Republicans, a minimum wage hike doesn't actually help anyone because it results in inflation by the same amount, and does actually harm people because companies will lay some people off due to the additional expense.

By filibustering this bill, they're defeating a piece of political theater by Democrats, who want to look like they're helping poor people while only hurting them.

Someone need to tell these people that minimum wage labor doesn't account for 100% of the cost of all goods and services.
 
The Tories screamed and moaned about the minimum wage prior to its implementation in the UK back in the late 1990's. It would damage business, put more people out of work, cause inflation yada yada yada.

Today the National Minimum Wage sits at £6.19, having risen around the rate of inflation each year since its introduction, and the country has not disintegrated into economic chaos.

You do the math.
 
Two things can happen as a consequence of minimum wage increases:

1) Decreased employment. Higher wages means some employers will choose to have fewer employees.

2) Increased inflation. Higher purchasing power means faster velocity of money, which increases inflation.

I am not necessarily saying I agree with the congressman, by the way. I'm just saying that higher minimum wage laws do have negative consequences. No economic choice is without downsides.

Minimum wage laws certainly have consequences. I would disagree that the consequences are either (1) or (2). And that the consequences that result are negative is of course a value judgment. I understand the primary consequence of a minimum wage increase to be a transfer of wealth from owners of capital to workers. And I think that is a positive consequence.

The idea that (1) or (2) will occur neglects to consider what happens to the additional income that minimum wage workers receive. Because they make so little, minimum wage workers typically do not save money. Thus the money they are paid gets immediately spent back into the economy. This is why one should not in fact expect minimum wage increases to result in either decreased employment or inflation (at least so long as the minimum wage increase does not occur when the society is already producing at maximum capacity).
 
I find it disgusting how big business and Republicans are against the minimum wage increase and for gutting welfare and foodstamps. How the fuck are low-income families supposed to make due then?

2 jobs. Or even 3, i mean the day has 24 hours!!! Don't be lazy, sleep is for commies anyway.
 
The Tories screamed and moaned about the minimum wage prior to its implementation in the UK back in the late 1990's. It would damage business, put more people out of work, cause inflation yada yada yada.

Today the National Minimum Wage sits at £6.19, having risen around the rate of inflation each year since its introduction, and the country has not disintegrated into economic chaos.

You do the math.

As someone who might as well be a tory, and from the perspective of someone who's an Australian...

We probably have the highest minimum wage in the world, I think it's $15.60 (don't quote me on that) an hour.

We're doing really fucking well.
 
Could someone fluent on this explain me this bit:

"It will actually hurt more people than it helps,"

How?

Well, you see, when you give the poors free money, it disincentivizes them to work and they just get lazier than they already are. This is the opposite of the rich, where if you give them free money, they only work harder.
 
Well, he's right. It's a substantial increase, and if it was done all at once it could cause some problems. That's why the bill phased it in over several years.

It's still not a livable wage and still isn't enough. My main point was that percentages are misleading in the grand scheme of things here.
 
The jump is HUGE. I'm not surprised. Not that I don't think it should be raised. But jumping the minumum wage 29% is a ton of money. It's going to take 5-10% increases slowly to get it to pass.

at 10.15 im pretty sure youre still losing to canada.
 
You need strong unions, not minimum wage bills. Germany has no minimum wage, and they have a fantastic unionised workforce that negotiate wages on an industry wide level.

You think their opposition to this is strong wait until you start talking unions with republicans.
 
I feel like when I was younger, politics was more about differing ideals and compromise, instead of just WAHHHHHH ONLY MY WAY OR GET OUT.

Maybe I just have rose-tinted glasses.
 
You need strong unions, not minimum wage bills. Germany has no minimum wage, and they have a fantastic unionised workforce that negotiate wages on an industry wide level.

Unions in Germany and unions in the US are two completely different beasts sadly. Same skin, different inner workings.
 
The initial non-inflationary raise to over $10 definitely raised an eyebrow for me.

It would be close to the highest minimum wage has ever been, historically speaking. Here's a quick chart I put together:

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I wouldn't necessarily have a problem with that, though.
 
I agree with that but there is only so high you can take it before you cripple small business.

What point is that? Should we use base wages from other developed nations as a comparison?

To be clear, I'm not advocating an increase to 15 an hour at once. I'm just saying a 25% increase from "not close to being enough" raises it to "not enough".
 
The minimum wage is a joke here, we are so far behind other developed nations. People working full-time jobs shouldn't have to struggle the way minimum wage workers do. At least here in MA it'll be going up each of the next few years, but this needs to change nationally.
 
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