In Seattle where $15.00 an hour will soon be the minimum wage math must work differently than I was taught.
This same math is on display in Los Angeles and will soon be used in Chicago and New York Fucking City.
In Seattle $15 times 0 hours is thought to be more than the present Washington state minimum wage of $9.47 times 37.5 hours (maximum hours and still be part time by Fed law).
Let's do the math!
$9.47 * 37.5 = $355.12 which doubles to $710.25 per check before taxes, FICA and deductions.
$15 * 0 = $0 which doubles to $0 per check, but remains $0 after taxes, FICA and deductions!
Why is it zero hours? Because places are saying "fuck it" and closing rather than attempting to find a way to compensate for a more than 58% increase in the price of labor.
LA is another great example because they've been seeing a rash of closures from just the increase in labor prices from Obamacare and its attendant costs in documentation and compliance. It will be a great comfort to know that you'd be making $6 an hour more if only the place you worked was still open.
Chicago will be going from $8.25 to $10 this year and $13 by 2019.
NYFC will go from $8.75 to $9 at the end of this year, but they're talking about going higher.
I keep repeating, jobs are the side effect of a successful business. If the costs are such that it can't be successful, then there won't be a business and thus there won't be any jobs.
Looking up the current minimum wages showed an interesting trend, nearly all of them were $4.25 in the late '80's. Trusting this calculator, $4.25 in 1988 is $8.43 today.
In 1990-1992 I lived on $4.25 an hour, 30 hours a week ($7.63 to $7.11 an hour in today's money) while also going to college (paid for by joining the Army in 1987-90).
In 1992 I got a job making $7 an hour, 40 hours a week ($11.71 today), because I got some education!
In 1994 I moved to a $10 an hour position, 40 a week ($15.84 today) plus benefits! Because now I had some experience to go with my diploma.
Basically, what Seattle et al want to do is make every no-skill/experience required job pay like an associates degree in mechanical drafting with two years of experience.
Eating out is a luxury you fucking morons! When it passes a certain price threshold, people stop buying the luxury item and eat what they cook at home.
This same math is on display in Los Angeles and will soon be used in Chicago and New York Fucking City.
In Seattle $15 times 0 hours is thought to be more than the present Washington state minimum wage of $9.47 times 37.5 hours (maximum hours and still be part time by Fed law).
Let's do the math!
$9.47 * 37.5 = $355.12 which doubles to $710.25 per check before taxes, FICA and deductions.
$15 * 0 = $0 which doubles to $0 per check, but remains $0 after taxes, FICA and deductions!
Why is it zero hours? Because places are saying "fuck it" and closing rather than attempting to find a way to compensate for a more than 58% increase in the price of labor.
LA is another great example because they've been seeing a rash of closures from just the increase in labor prices from Obamacare and its attendant costs in documentation and compliance. It will be a great comfort to know that you'd be making $6 an hour more if only the place you worked was still open.
Chicago will be going from $8.25 to $10 this year and $13 by 2019.
NYFC will go from $8.75 to $9 at the end of this year, but they're talking about going higher.
I keep repeating, jobs are the side effect of a successful business. If the costs are such that it can't be successful, then there won't be a business and thus there won't be any jobs.
Looking up the current minimum wages showed an interesting trend, nearly all of them were $4.25 in the late '80's. Trusting this calculator, $4.25 in 1988 is $8.43 today.
In 1990-1992 I lived on $4.25 an hour, 30 hours a week ($7.63 to $7.11 an hour in today's money) while also going to college (paid for by joining the Army in 1987-90).
In 1992 I got a job making $7 an hour, 40 hours a week ($11.71 today), because I got some education!
In 1994 I moved to a $10 an hour position, 40 a week ($15.84 today) plus benefits! Because now I had some experience to go with my diploma.
Basically, what Seattle et al want to do is make every no-skill/experience required job pay like an associates degree in mechanical drafting with two years of experience.
Eating out is a luxury you fucking morons! When it passes a certain price threshold, people stop buying the luxury item and eat what they cook at home.