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Wednesday, September 11, 2019

The Costs & Consequences Of $15/Hour

In 2016, I first touched on the impacts of hiking the minimum wage.
“What’s the big ‘hub-bub’ over raising the minimum wage to $15/hr? After all, the last time the minimum wage was raised was in 2009.

According to the April 2015, BLS report the numbers were quite underwhelming:

‘In 2014, 77.2 million workers age 16 and older in the United States were paid at hourly rates,representing 58.7 percent of all wage and salary workers. Among those paid by the hour, 1.3 million earned exactly the prevailing federal minimum wage of $7.25 per hour. About 1.7 million had wages below the federal minimum.

Together, these 3.0 million workers with wages at or below the federal minimum made up 3.9 percent of all hourly-paid workers. Of those 3 million workers, who were at or below the Federal minimum wage, 48.2% of that group were aged 16-24. Most importantly, the percentage of hourly paid workers earning the prevailing federal minimum wage or less declined from 4.3% in 2013 to 3.9% in 2014 and remains well below the 13.4% in 1979.'”
Hmm…3 million workers at minimum wage with roughly half aged 16-24. Where would that group of individuals most likely be found?



Anonymous said...

Tyler just rambles on.By the time he stops writing one realizes he had nothing logical to say to begin with.Every article he writes contains the same rhetoric.

Anonymous said...

My take on this $15 an hour is most of the fast food workers are not worth that much! Most are too stupid to even be handling cash.
Go to Burger King and I ask for a Whopper without pickles, no onions, and add mustard. (their slogan is, Have it your way) I have never yet gotten my burger 1st. time given to me correct!!
McDonald's, ask for a Double Hamburger without cheese or onions, what do I get 99 out of 100 times, a burger with cheese!!
They hire morons!

Anonymous said...

And most don't even speak English either 12:18

Anonymous said...

Burger King dropped their "Have it your way" motto back in 2014

Anonymous said...

In fairness, these people are mostly without any productive skill set. Again in fairness some are working their way through school, be it college or technical, and are taking orders not preparing food thus no control over what is or isn't on a sandwich. Those outside the "age statistic" are either lazy and not motivated, lack the ability for cognitive thinking, or are retired. In any of these cases those folks are not worth large hourly wages; perhaps with kiosks at fast food joints, maybe the next thing is prepare your own.