Minimum wage increases are 'supercharging' economy, says U.S. multimillionaire

taxslave

Hall of Fame Member
Nov 25, 2008
36,362
4,340
113
Vancouver Island
AS I see it the real problem arises when the people that were making $12-15 already are now back a t minimum wage and will naturally expect a significant raise to maintain their position. Then the financial pain will really set in.
 

JLM

Hall of Fame Member
Nov 27, 2008
75,301
548
113
Vernon, B.C.
Raise the minimum wage to $100/he and see what happens.

I can guess exactly what will happen without having to try it. Within a very few years workers would be out on strike for more money! It ain't rocket science- it's been happening since W.W.II.

Minimum wage increases are 'supercharging' economy, says U.S. multimillionaire

A multimillionaire leading a campaign to pay workers more across the United States says raising the minimum wage, whether there or in B.C., is simply "supercharging" the economy.



http://www.cbc.ca/m/news/canada/bri...g-economy-says-u-s-multimillionaire-1.3124917

Does a millionaire actually know what's going on in the real world? Does he hang out at the corner of Hastings and Carroll?

AS I see it the real problem arises when the people that were making $12-15 already are now back a t minimum wage and will naturally expect a significant raise to maintain their position. Then the financial pain will really set in.

And it will work right up to the C.E.O. earning a $million a week. He'll want $2 million.
 

petros

The Central Scrutinizer
Nov 21, 2008
117,853
14,419
113
Low Earth Orbit
Workers requested reduced hours to stay in subsidized housing
By Natasha Chen KIRO 7 News
Updated: 6:42 p.m. PDT, Mon June 8, 2015

SEATTLE, Wash. —

A Seattle-area nonprofit observed some workers recently asking for reduced hours, as they feared that their higher wages now put them at risk of losing housing subsidies.

Nora Gibson is the executive director of Full Life Care, a nonprofit that serves elderly people in various homes and nursing facilities. She is also on the board of the Seattle Housing Authority.

Gibson told KIRO 7 she saw a sudden reaction from workers when Seattle’s phased minimum-wage ordinance took effect in April, bringing minimum wage to $11 an hour. She said anecdotally, some people feared they would lose their subsidized units but still not be able to afford market-rate rents.

For example, she said last week, five employees at one of her organization’s 24-hour care facilities for Alzheimer’s patients asked to reduce their hours in order to remain eligible for subsidies. They now earn at least $13 an hour, after they increased wages at all levels in April, Gibson said.

“This has nothing to do with people’s willingness to work, or how hard people work. It has to do with being caught in a very complex situation where they have to balance everything they can pull together to pull together a stable, successful life,” Gibson said.
Gibson said she fully supports a minimum wage increase but was not surprised when her employees asked for fewer hours.

“The jump from subsidized housing to market rate in Seattle is huge,” she said.

Seattle Housing Authority told KIRO 7: “It’s important that the continuum of affordable housing options in our city and region allows for progression as people’s incomes increase. That needs to be addressed across the housing market so that people don’t feel they are in jeopardy of stable housing as they are able to earn enough to pay more of their housing costs.”

The amount of public assistance one receives depends on the income and size of the family. The scale is determined by the U.S. Department of Housing and Urban Development, and the qualifications are based on area median income.

Justine Decker, who is a full-time student at Seattle Central College, said she works part-time so she can still get subsidies for rent and child care.

“A one-bedroom can cost upward of $1,200. And so imagine paying that, and paying child care which can be $900 something dollars,” Decker said.

She said she doesn’t want to work full time, or she wouldn’t be able to afford market-rate rents. Decker said she’s in school to become a teacher and hopes to eventually become a principal, to make well over minimum wage levels to be able to pay for everything on her own.

Mohamed Muktar drives an Uber and also receives public assistance for housing. He said he would love to work more hours.

“If you can get more hours, I think you need to work more hours, so you can take care of your bills,” Muktar said.

Seattle Councilmember Nick Licata said he hadn’t heard of purposeful reduction of hours before.

“We need more information, for one thing. This is anecdotal,” Licata said.

Still, he said people need more options, especially after breaking the threshold that pushes them out of public housing.

“We do not want this to be an improvement on one side of the scale, and then decrease in living conditions on another,” Licata said. “We should not be using this as an excuse not to address the overall problem.”
 

Machjo

Hall of Fame Member
Oct 19, 2004
17,878
61
48
Ottawa, ON
I can guess exactly what will happen without having to try it. Within a very few years workers would be out on strike for more money! It ain't rocket science- it's been happening since W.W.II.



Does a millionaire actually know what's going on in the real world? Does he hang out at the corner of Hastings and Carroll?



And it will work right up to the C.E.O. earning a $million a week. He'll want $2 million.

But while exacerbating it, doesn't increasing the rate of inflation help to postpone a market crash? Would that not make increasing the rate of inflation a good thing?
 

AnnaG

Hall of Fame Member
Jul 5, 2009
17,507
117
63
Oh yes I can see the similarities too...

Okanagan - rugged mountain range, wineries and presien lakes.



Saskatchewan Flat.. if your dog ran away, you could watch him keep running for 2 days.

Nuhuh. The Okanagan doesn't have mountains, it has hills., most of which are not rugged.
Presien? I think you meant Pristine, but again, not so. The only "pristine lakes left in the Ok Valley are those where not many people can get to and they are extremely few and far between.
And here are a couple pics of northern SK:







Not sure about the wineries, but if SK had some, I wouldn't be surprised.

Anyways, I forgot to add a bit about the topic.
So freakin what if people get higher wages. That means they get paid more by their employers who then jack prices up a little more to make up for the loss in profit, and then the workers and everyone else have to pay more and get taxed more and then they want more money and the moronic cycle starts all over again. (I simplified it a bit, but wanted to keep it relatively short).
 

AnnaG

Hall of Fame Member
Jul 5, 2009
17,507
117
63
Beck's mostly, but I have had a Kokanee now and then. And an occasional Guinness Cream Ale or some of Guinness's black stuff.
 

EagleSmack

Hall of Fame Member
Feb 16, 2005
44,168
96
48
USA
Workers requested reduced hours to stay in subsidized housing
By Natasha Chen KIRO 7 News
Updated: 6:42 p.m. PDT, Mon June 8, 2015


Gibson told KIRO 7 she saw a sudden reaction from workers when Seattle’s phased minimum-wage ordinance took effect in April, bringing minimum wage to $11 an hour. She said anecdotally, some people feared they would lose their subsidized units but still not be able to afford market-rate rents.


Anecdotally... You have to love that word. Whenever the libs get shown facts and evidence they call it anecdotal.


Welfare fraud and subsidy fraud is huge and well documented in Massachusetts and our Dem leadership simply says that all that is simply anecdotal.
 

darkbeaver

the universe is electric
Jan 26, 2006
41,035
201
63
RR1 Distopia 666 Discordia
In my dividend account.

Six months after nobody can afford a cheezeburger cuz the Kiosks have filled all the employment oportunities and the banks need the entries for their other set of books you',ll be in the employment lines with the unemployed kiosks. Removing meat puppets from the economy is not the best idea humans have come up with.
 

darkbeaver

the universe is electric
Jan 26, 2006
41,035
201
63
RR1 Distopia 666 Discordia
All my meds are organicly raised in orchards on the south western slopes of the mighty Cobequids. The stuff I extract from the American carrion beetles is very effective not to mention the various nuts and berries and glands of small furry creatures. They're not just cute and cuddly you know.
 

MHz

Time Out
Mar 16, 2007
41,030
43
48
Red Deer AB
I thought I got that edit in in time, apparently not Without some cute and cuddly there is scant reason for humans to carry on.