Minimum Wage and explore it. Write down at least two interesting pieces of information that you discovered on the website. Don't copy your classmates. Each post must contain two pieces of information that have not been discussed.
Tuesday, April 4, 2017
Minimum Wage
As this weeks chapter deals with minimum wage the blog will as well. Go to the following website,
Minimum Wage and explore it. Write down at least two interesting pieces of information that you discovered on the website. Don't copy your classmates. Each post must contain two pieces of information that have not been discussed.
Minimum Wage and explore it. Write down at least two interesting pieces of information that you discovered on the website. Don't copy your classmates. Each post must contain two pieces of information that have not been discussed.
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• if minimum wage were to go up, then there would be fewer hours and jobs are available for less-skilled and less-experienced employees, because employers are likely to pay more to those who can do the same job with less experience because they are desperate need for a job. Therefore, they are willing to work with whatever the employers pay.
ReplyDelete• In a survey, it showed the an increase in minimum wage have a more negative impact on the franchise business than on the small businesses
DeletePeriod 2
ReplyDeleteMinimum wage increases do not help reduce poverty.
California and Massachusetts currently have the highest state minimum wages in the country at $10 per hour, and Emeryville, CA, currently has the highest city minimum wage at $14.82 an hour.
Oluwamuyiwa Peters
ReplyDelete2nd Period
Congressional Budget Office states a $9 national minimum wage would cost 100,000 jobs; a $10.10 minimum wage would cost a half-million jobs. And the follow up analysis using the CBO methodology, a $12 minimum wage would destroy 770,000 jobs.
When minimum wage increases it does not help the economy, companies main goal is to make a profit.And you can't make a profit if your employees are taking more money.So then the cost is passed to the consumer.
Devin Laird
ReplyDeletePeriod 2
If a worker starts off making a certain wage such as the minimum wage they are not stuck making that wage all the time they can get a raise.
The wages and fair labor standards act establishes minimum wage the last time minimum wage was changed by the FLSA was July 24,2009.
Period 2
ReplyDeleteIn December 2014, the Chicago City Council approved a law raising the city’s minimum wage by nearly 60 percent, to $13 an hour, by 2019. A press release from the office of Mayor Rahm Emanuel trumpeted the wage hike as a boon for the city. Small business owners were less sure, expressing concerns about the unintended consequences of labor cost increases that couldn’t be offset through higher prices. The results of a survey suggest that proponents’ predictions of a pain-free transition to a higher wage floor may not reflect reality.
The “Fair Minimum Wage Act of 2012,” introduced by Rep. George Miller, would raise the federal minimum wage by 35 percent to $9.80 and index it for inflation. The “Rebuild America Act,” introduced by Senator Tom Harkin and Rosa DeLauro, would raise the federal minimum wage by 35 percent to $9.80 and index it for inflation. The “Catching Up to 1968 Act of 2012,” introduced by Jesse Jackson, would raise the federal minimum wage by 38 percent to $10 an hour and index it for inflation. all these plans hover around the same number, so it could very well be the change we see.
The average teen unemployment rate is at 14.5% in Texas.
ReplyDeleteIf we raise the minimum wage, government assisted people will not be better off. It is a myth that raising minimum wage will help tax payers stop paying for government assisted people. These are People that have no wage to boost, so the governments federal net budget will barely move.
Edwin Cabrera
ReplyDelete6th Period
if minimum wage goes up employers will be forced to either pass costs on to consumers in the form of higher prices, or cut costs elsewhere–leading to less full-service and more customer self-service
if minimum wage goes up there might be fewer hours and jobs are available for less-skilled and less-experienced employees, because employers are less likely to pay more to those that might cost them money due to lack of experience and knowledge
Jason Bailey, Period 6
ReplyDeleteA survey from the University of New Hampshire of 166 economists asked if the United States should raise the minimum wage to $15 per hour. 75% of the economists surveyed said "no."
The increase in the minimum wage of Oakland, California to $12.25 has caused a noticeable increase in prices, far higher than the Berkeley team predicted.
(Instantly doubling the minimum wage from $7.50 to $15 would be undesirable in the short-run because of an instant increase in prices. It would be better if we attached the minimum wage here on out to the inflation rate.)
Period 6
ReplyDeleteemployees that earn minimum wage tend to be young and work in businesses that keep a few cents of each sales dollar after expenses
Last week, Baltimore Mayor Catherine Pugh vetoed legislation to create a $15 minimum wage in the city. On the other side of the country, the City Council in Flagstaff, Arizona, took the rare step of rolling back a planned increase to $12 this summer.
In both cities, the relevant decision makers were heavily-influenced by real stories of minimum wage harm, from the small businesses, nonprofits, and employees who are the real faces of $15
Hannah Abie
ReplyDeletePeriod 2
Nineteen states are raising their starter wages on New Year’s Day and some of the numbers are shocking. Arizona (24 percent increase), Maine (20 percent), and Washington state (16 percent) will see the largest increases. Meanwhile, twenty-three localities, including 12 cities in California, are also ringing in the New Year with starter wage increases
In California, 12 different cities are increasing their minimum wage on New Year’s Day in addition to the state-level hike. Cupertino, Los Altos, and San Mateo, which are all raising their starter wages by 20 percent to $12 an hour. Mountain View and Sunnyvale are both raising their starter wages by 18 percent to $13 an hour.
This comment has been removed by the author.
ReplyDeleteCarina Hung, Period 6
ReplyDeleteMost people who make either a $10.10 or $12 minimum wage are either second or third-earners in households where the average family income is over $50,000 annually.
Joseph Sabia and Robert Nielsen, economists and coauthors of Can Raising the Minimum Wage Reduce Poverty and Hardship?, found no evidence that a higher minimum wage reduces financial, housing, health, or food insecurities. They believe that is the cause of how over half of the poor aged between 16 and 64 don't work. In addition, over half of those who report missing a rent or a mortgage payment do not work.
2nd period
ReplyDeleteCongress is considering a series of proposals to raise the $7.25 federal minimum wage.
Well over half—nearly 57 percent—of the beneficiaries of a $9.80 minimum wage are either living at home with family, or have a spouse who also works. Less than 10 percent are single parents with children.
Sarah Rassam
ReplyDelete2nd Period
93% of employees, who are females, agree that they are respected in the workplace; three-quarters of them strongly agree about their safety and recognition in the workplace.
An owner of a childcare in Oakland, CA had to fire one of his employees and release some families due to wage increase which hurt families and employees.
Sarah Rassam
Delete6th Period *
Nathan Schaper
ReplyDelete2nd Period
A 2007 study by the University of New Hampshire found that seven out of 10 economists agree that the Earned Income Tax Credit (EITC) is the best antipoverty program available to us, while only one out of 10 said the same thing about minimum wage hikes.
Economists at the University of California-Irvine and the Federal Reserve Board reviewed two decades of research on the subject, and found that 85 percent of the most credible studies on the minimum wage point to job losses for less-skilled employees.
Erica Wong
ReplyDelete2nd Period
48% of all employees earning the federal minimum wage are between the ages of 16 to 24.
According to a 2007 summary of the minimum wage research authored by economists at the Federal Reserve Board and the University
of California-Irvine, roughly 85 percent of the best research
from the past two decades shows that a higher minimum
wage reduces employment.
Gloria Contreras
ReplyDelete2nd Period
Most employees earning minimum wage will have a pay increase within the first year of working that job.
If we were to raise minimum wage, fewer hours and jobs are available for less-skilled and less-experienced employees
Janelle Rodriguez
ReplyDelete2nd period
The majority of employee's that start at a minimum wage paying job move to a higher wage in their first year on the job.
A higher minimum wage addresses poverty, by creating more incentives for people to want to work and get jobs.
May Liew
ReplyDelete2nd Period
Contrary to many peoples beliefs, minimum wage increases have little impact on taxpayers, but severe impacts may affect those individuals that are less-skilled employees who have lost their jobs.
Minimum wage increases have even greater impacts on franchise business owners than non-franchise business owners, as only 58 percent of non-franchise quick service restaurant owners who said they are likely to cut back in hiring compared to a greater amount, 80 percent, of franchise quick service restaurant owners.
This comment has been removed by the author.
ReplyDeleteAlexus Guevarra
ReplyDeletePeriod 2
In Seattle a minimum wage of $15 took effect in 2015 with multiple phase-in paths that depend on the business size with smaller businesses being granted more time to adapt to the mandate.
Across all measures, the authors find no statistically significant evidence that a higher minimum wage has helped reduce financial, housing, health, or food insecurity.
Jane Hua
ReplyDeletePeriod 6
According to the Fair Labor Standards Act, the current federal minimum wage is $7.25 an hour. However, some states and cities are advocating to raise their minimum wage even higher than that.
Research between the years of 2003 and 2007 that looks at states that raised their minimum wage finds no evidence to suggest that higher minimum wages reduce poverty rates.
Kody Ngo
ReplyDelete6th Period
- A new national survey of mostly-small businesses shows that minimum wage increases being considered by some cities will likely have a more negative impact on franchise businesses. Conducted by Dr. Lloyd Cordor for the Employment Policies Institute, this survey of franchise business owners (n=307) and non-franchise business owners (n=305) focused on eight key industries such as restaurants and hotels that typically have a larger share of minimum wage employees.
- The majority of surveyed economists believe a $15.00 per hour minimum wage will have negative effects on youth employment levels (83%), adult employment levels (52%), and the number of jobs available (76%).
Neethu Thampy
ReplyDeletePeriod : 6
Nearly three-quarters of US-based economists oppose a federal minimum wage of $15.00 per hour.
Each one-dollar increase in a city’s compensation floor increases unemployment by nearly 4.5 percentage. It also causes a 26-hour reduction in the number of hours worked per year, and a 2 percentage point drop in labor for participation.
Joel George
ReplyDeletePeriod: 2nd
- Minimum wage has risen in 42 states as of March 17, 2017, the only states that are going against this labor movement is the external territories and smaller states such as Alaska, Hawaii, and Rhode Island.
- 12 states had decided that increasing minimum wage would have a negative effect on the American economy, but only 4 out of those 12 states had actually not increased the minimum wage for their salary workers.
Meyer Wilson
ReplyDeletePeriod 2
: According to the non-partisan Congressional Budget Office, a $9 national minimum wage would cost 100,000 jobs; a $10.10 minimum wage would cost a half-million jobs. And according to a follow-up analysis using the CBO methodology, a $12 minimum wage would destroy 770,000
Dr. Joseph Sabia of San Diego State University and Thanh Tam Nguyen examined 35 years of government data across a number of different datasets and determined that, on net, minimum wage increases have little to no net effect on participation in (or spending on) a range of means-tested programs.
Period 6
ReplyDeleteMost of the states where cost of living is higher have higher minimum wage and higher tipped wage. However, their teen unemployment rate is higher as well.
For the past two years unemployment rates for teens have decreased. This means that more teens are getting jobs and are working. This benefits the economy because they contribute to it.
Tipped employees have potential to earn less than employees who are run on a tip less system. It really comes down to the consumer class of the business and the demand. If it's a high class area, people may be more apt to tip higher than the wage earned.
ReplyDeleteRaising the minimum wage is not a solution to reduce poverty, instead the effective alternative is the EITC. This provides a supplement for low income families without creating issues for employees and making them work ridiculous hours.
In Oakland and San Francisco, the minimum wage has risen to $12 an hour in Oakland and there are preparations being made to do so in San Francisco in 2019. They plan on having this decrease the poverty in these areas and also help the economy by having previous low-paid workers have more money to put back into the economy.
ReplyDeleteThe minimum wage in Texas is $7.25 and the tipped wage is $2.16. Along with that, the rate of unemployed teens in Texas is steadily going down since 2013.
Zoe Leibowitz
ReplyDeletePeriod 2
Recently, State Representative G.A. Hardaway introduced legislation to raise Tennessee’s minimum wage to $10.10 an hour, from its current amount of $7.25. Proponents argue that a minimum wage increase will, on net, be a benefit for Tennessee employees. However, in a study last year, the nonpartisan Congressional Budget Office (CBO) estimated that a half-million jobs would be lost nationwide should a $10.10 minimum wage take effect. The CBO based its estimates on the results of dozens of peer-reviewed academic studies on the jobs impact of a higher minimum wage, including the latest and most up-to-date research.
The beloved holiday movie A Christmas Story was co-opted this week by the Department of Labor to argue that the minimum wage is worth 20% less than it was in November 1983 when the film was released. But the Department’s number-crunchers should have should followed Santa’s lead in checking their math twice before tweeting this out.
Hunter Bergfeld
ReplyDeletePeriod 2
In Seattle, a minimum wage of $15 took effect in 2015 with multiple phase-in paths that depend on the business size, with smaller businesses being granted more time to adapt to the mandate.
In December 2014, the Chicago City Council approved a law raising the city’s minimum wage to $13 an hour
Saniza Sunesara
ReplyDeleteperiod 6th
Some legislators have been considering an anti-poverty measure, such as the EITC, that boosts wages without reducing job opportunities.
41 of the fifty states, more than 50 percent of the working-age population is living in poverty and is not employed.
Rushil Mistry
ReplyDeletePeriod: 6th
1. The highest paid minimum wage according to 2016 is the District of Colombia with $10.50 and then California and Massachusetts for $10.00
2. A new national survey of mostly-small businesses shows that minimum wage increases being considered by some cities will likely have a more negative impact on franchise businesses.
Bryan Pulliam
ReplyDeletePeriod 4
Companies or businesses were required to shutdown or cut jobs because of the push for 15 dollars an hour.
Most companies were required to up there prices because the minimum wage was going up as well, and they were losing money rather than gaining any at all.
Prasun Dhawan | Period 2
ReplyDeleteFact 1: Research has found no link between higher minimum wages and economic growth. Dr. Joseph J. Sabia used data from the Census Bureau and the Bureau of Economic Analysis to measure the Gross Domestic Product (GDP) and employment response associated with an increase in the minimum wage. He found that an increase in the minimum wage has no discernible impact on overall GDP and could actually hinder growth in certain low-wage sectors.
Fact 2: Census Bureau data shows that just one in 10 of those affected by a $10.10 or $12 minimum wage fit this description. A majority of those affected are either second or third-earners in households where the average family income exceeds $50,000 per year.
Drew Garza
ReplyDeletePeriod 2
Earlier this year the SEIU attempted to get rid of a proposal in Cleveland to raise that city’s minimum wage to $15-a 85% increase.
Muriel Sterling was forced to let go an employee and several families due to the increase in minimum wage.
Period 4
ReplyDeleteinteresting fact 1 is that Emeryville, CA has the highest city minimum wage at $14.82 an hour. Another interesting fact is that 48.2% of the people who earn minimum wage are between the ages of 16 and 24
Truth Thomas
ReplyDeletePeriod 4
A new national survey of mostly-small businesses shows that minimum wage increases being considered by some cities will likely have a more negative impact on franchise businesses.
More than 80 percent of franchise quick service restaurant owners said they are likely to reduce hiring compared to 58 percent of non-franchise quick service restaurant owners if minimum wage is increased.
Period 6
ReplyDeleteThe minimum wage for tipped employees is much less than the minimum wage for non-tipped employees, at $2.13 an hour vs $7.25
In California, both tipped and un-tipped workers have a minimum wage of $10.
Kylee Brouwer
ReplyDelete2nd period
If the national minimum wage were to increase, the economy's situation would not exactly benefit from it. Taxpayers' money won't be saved because a higher minimum wage will not decrease the amount of people currently on social welfare. Raising the minimum wage will actually cut the amount of jobs available because companies will no longer be able to afford as many employees as they were in the past. Minimum wage should follow inflation.
Asare Dua
ReplyDelete4th period
Congress in 2012 were considering a series of proposals to raise the $7.25 federal minimum wage to $9.80 with the proposals of three separate bills from reps.
Beneficiaries of a $9.80 minimum wage tend to be young—41.5 percent of those directly affected are age 25 or under.
Maine's proposed minimum wage increase will cause over $600k a year for businesses that cannot afford this much of an increase.
ReplyDeleteCleveland was supposed to have an increase in minimum wage to $15 but the Democrats killed the bill and union members said that the increase is bad for progress.
Stanley Johnson
ReplyDelete6th Period
1.Fewer jobs are available for workers with low education and experience.
2.Minimum wage is often given to those with jobs that require the least skills and often young people.
Christopher Yee
ReplyDelete6th Period
1. The CBO, which is cited as an expert by both Republicans and Democrats, estimated that a half-million jobs would be lost nationwide should a $10.10 minimum wage take effect in Kentucky.
2. In December 2015, the Federal Reserve Bank of San Francisco released a report summarizing that research which concluded that recent minimum wage increases have caused a reduction in 100,000 to 200,000 jobs nationally.
Period 4
ReplyDeleteDr. Joseph J. Sabia found that an increase in the minimum wage has no discernible impact on overall GDP and could actually hinder growth in certain low-wage sectors.
Census Bureau data shows that just one in 10 of those affected by a $10.10 or $12 minimum wage are single parents with kids.
Jacob Gassmann
ReplyDeletePeriod 2
Despite there being a debate over minimum wage raising, it seems in some areas there is a majority of the public that understands consequences that come with raising minimum wage
If the minimum wage (tipped and untipped) was raised, then prices for actual products would be raised as well.
Taylor Mott
ReplyDeletePeriod 6
1. 85 percent of the most credible studies on the minimum wage point to job losses for less-skilled employees.
2. minimum wage increases have little to no net effect on participation in (or spending on) a range of means-tested programs
maverick thigpen
ReplyDeleteperiod 6
1. minimum wage should be increased to at least 11$ an hour becasue if you look at the 1968 minimum wage and account for inflation minimum wage hasn't grown enough as of recently.
2. it should also be increased because low skill labor can be replaced by machines and allow us to allocate labor to where its more heavily needed
Doris Chien
ReplyDeletePeriod 2
1) Minimum wage increases do not help reduce poverty. Award winning research looked at states that raised their minimum wage between 2003 and 2007 and found no evidence to suggest these higher minimum wages reduced poverty rates.
2) Currently, the federal minimum wage is $7.25 an hour and some states and cities have raised their minimum wage even higher than that. California and Massachusetts currently have the highest state minimum wages in the country at $10 per hour, and Emeryville, CA, currently has the highest city minimum wage at $14.82 an hour.
Heather Bennett
ReplyDeletePeriod 6
1) In Texas, the teen unemployment rate has had a "valley" type movement for the past 3 years. In 2014, the rate was 16.0% but decreased to 13.1% in 2015. Yet it slightly increased in 2016 to 14.5%
2)Economists at the University of California-Irvine and the Federal Reserve Board reviewed two decades of research on the subject, and found that 85 percent of the most credible studies on the minimum wage point to job losses for less-skilled employees. The latest and most up-to-date research has strengthened this conclusion.
Sean Liu
ReplyDeletePer. 6
1. Wage hikes may cause economic effects and especially hit the less-skilled job-seekers.
2. California will raise its minimum wage from $10 to $15 by 2022. This may cause an income effect and make it harder for stores to hire workers. Many businesses are cutting hours and closing entirely because of the wage hike.
Mervin Cherian
ReplyDeletePeriod:6
1. Last week, Baltimore Mayor Catherine Pugh vetoed legislation to create a $15 minimum wage in the city
2.California and Massachusetts currently have the highest state minimum wages in the country at $10 per hour, and Emeryville, CA, currently has the highest city minimum wage at $14.82 an hour.
Period 4
ReplyDelete1.A majority of surveyed economists (71%) believe that the Earned Income Tax Credit (EITC) is a very efficient way to address the income needs of poor families; only five percent believe a $15.00 per hour minimum wage would be very efficient.
2. At lower levels (under $11.00 per hour) of proposed federal minimum wages, economists are divided largely by self-identified party identification as to an acceptable rate with a majority of Republicans and Independents who responded favoring lower minimum wages ($7.50 per hour or less) and a plurality of Democrats who responded preferring a minimum wage between $10.00 and $10.50 per hour.
Priyanya Rajagopal
ReplyDeletePeriod 6
1) in Texas, the tipped wage is $2.13 which sucks if you get mean table
2) the average teen unemployed rate was 14.5% in texas
1. Increasing minimum wage only shrinks the potential employee pool, as a higher ability would be required by firms for potential workers.
ReplyDelete2.
Increasing minimum wage is bad for society as consumers would have to pay higher prices for the company to make a profit.
1 In Oakland, California, a wage hike to $12.25 last year played a role in the closure of 10 grocery stores and restaurants in the city’s Chinatown neighborhood
ReplyDelete2 A recent study conducted by Dr. Joseph Sabia and Thanh Tam Nguyen of San Diego State University examined 35 years of government data across a number of different datasets and determined that, on net, minimum wage increases have little to no net effect on participation in welfare programs.
Michael Rosario
ReplyDelete4th Period
• Nearly three-quarters of these US-based economists oppose a federal minimum wage of $15.00 per hour.
• The majority of surveyed economists believe a $15.00 per hour minimum wage will have negative effects on youth employment levels (83%), adult employment levels (52%), and the number of jobs available (76%).
Hareem Farooq
ReplyDeletePeriod 6
1.Well over half—nearly 57 percent—of the beneficiaries of a $9.80 minimum wage are either living at home with family, or have a spouse who also works. Less than 10 percent are single parents with children.
2.the authors show that over half (54.7 percent) of poor, less-educated individuals between ages 16 and 64 do not work
Sarah Johnson
ReplyDelete2nd Period
1. In the past two years unemployment rates int the teens have decreased substantially creating a better environment,ent having teens work.
2.By increasing minimum wage a company will have to lower the number of employees and raise prices to compete and hope to make a profit.
Joshua Biju
ReplyDelete6th Period
1. Those who earn minimum wage consist mostly of part-time employees such as students and they are only earning minimum wage because they do not work a long enough time so their wage can be raised.
2. Even if minimum wage is raised people are not necessarily better of financially, because usally when the minimum wage goes up the cost of living also goes up.
Priyanka ranchod
ReplyDeletePeriod 6
If minimum wage were to go up then there would be a significant amount of jobs lost than there is now and that would cause the unemployment rate to go up.
-while the national minimum wage is $7.25 an hour, other states have felt that to be unnecessary so they increased theirs to be higher than that (state wise)
1.)When the minimum wage goes up, these employers are forced to either pass costs on to consumers in the form of higher prices, or cut costs elsewhere–leading to less full-service and more customer self-service.
ReplyDelete2.)Minimum wage increases do not help reduce poverty. Award winning research looked at states that raised their minimum wage between 2003 and 2007 and found no evidence to suggest these higher minimum wages reduced poverty rates.
6th