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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (473114)	5/6/2021 11:33:02 AM
From: Wharf Rat	Read Replies (1) \| Respond to of 541974

"So why do you think say $11 is better than $15" I think anything more than $1/hr/year will hurt small businesses. I'm OK with $15 in '29. = "the total benefit will be to the good for our society" Then society should be paying the bills, using methods like tax credits. We just did that, in fact, but it's only temporary.... President Biden has just signed into law a bill that fundamentally restructures the child tax credit for one year as part of a larger relief package. The policy expands the child tax credit and delivers it periodically rather than as a lump sum at tax time—effectively instituting a child allowance administered through the tax code. Under the plan, low- and middle-income families with children will receive a yearly total of $3,000 per child aged 6 to 17 and $3,600 per child under 6. brookings.edu = "So why do you think say $11 is better than $15" $2/ hr/yr will cause many small employers in the low wage states to go out of business. == "If we were prosperous when wages were higher, why would getting back to that wage cause an increase in poverty?" If you do it too fast, small employers will join their former employees in the unemployment line. = "History shows us that $15 is reasonable" If $15 in 4 years is reasonable, you would have been able to show us states that have raised the rate $2/yr. History shows us that none have. = "If a mom and pop operation needs slave labor to exist, and it is making a lot of money off the slave labor, then fuck them, and if they are barely making it., they can close shop and work for the new $15 wage-lol!" So you want the owners of small-town burger joints to fire 3 employees, board up the business, and go to work for the McDonald's in the next town? Alternatively, they can also join the unemployment line, and let you pay their bills. It's not just eateries. It's the momnpop grocery, the hardware store, the barber/hair salon, lumber yard, mechanic, whatever. Why do big businesses back a minimum wage increase? usatoday.com Feb 26, 2021 — Big business backs a $15 minimum wage because it will crush Main Street ... paying $15 to all their workers, most small businesses cannot. = "The thesis is that we are a rich country and need to distribute those riches more evenly" The country isn't the one paying the wage. Most employers are not the Fortune 500 corps you want them to be; they are people just like us. A reminder.... Small businesses make up: 99.7 percent of U.S. employer firms, 64 percent of net new private-sector jobs, 49.2 percent of private-sector employment, 42.9 percent of private-sector payroll, 46 percent of private-sector output, 43 percent of high-tech employment, 98 percent of firms exporting goods, and 33 percent of ... https://www.sba.gov/sites/default/files/FAQ_Sept_2012.pdf "Raising the minimum wage will transfer huge amounts of money from the rich corporations" The rich corporations may already be there, as company policy. They will probably gain market share when the small businesses shut down. Walmart comes to towns and small businesses go broke, small businesses go broke, and Walmart comes to town; it's all the same in the long run.