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Comments on: Off The Wall: Minimum Wage https://mikerowe.zestsms.com/2015/02/ofw-minimum-wage/ Mon, 06 Apr 2015 00:02:27 +0000 hourly 1 https://wordpress.org/?v=6.2.9 By: Mark Mahorney https://mikerowe.zestsms.com/2015/02/ofw-minimum-wage/#comment-3421 Thu, 19 Feb 2015 05:35:00 +0000 http://profoundlydisconnected.com/?p=80978#comment-3421 That’s a good point about the CPI adjustment, but keep in mind it’s not a perfect calculation of price impacts on consumers, for example tuition has far outpaced the avg rate of inflation, but many basic household good are now much cheaper adjusted, for example cheap bikes were about a hundred bucks 30 years ago and pretty close to the same today, coffee pots and microwaves cheaper.

]]> By: Mark Mahorney https://mikerowe.zestsms.com/2015/02/ofw-minimum-wage/#comment-3420 Thu, 19 Feb 2015 03:53:00 +0000 http://profoundlydisconnected.com/?p=80978#comment-3420 Hi Mike, I really appreciate your common sense. I have a degree in economics and wrote for a living about that for some years, for the past eight years I’ve been artisan and craftsman, I make furniture and sculpt wood. I have found it difficult to grow my business because I can’t hire high school kids to do the more menial work because everything I do is deemed hazardous so I can only hire 18 and over, today any power tool is dangerous, under 18 can’t even use a full motor or palm sander unless it’s through an approved school program, and today over 18 year olds expect a substantial wage to do clean up work. If I could hire high schoolers cheaply after school and weekends I could pass on many valuable skills and get many more menial tasks done affordably enough to grow my business and create more skilled better paying positions.
Mark Mahorney
woodZwayz

]]> By: Nero https://mikerowe.zestsms.com/2015/02/ofw-minimum-wage/#comment-3419 Thu, 19 Feb 2015 00:56:00 +0000 http://profoundlydisconnected.com/?p=80978#comment-3419 In reply to mx.

You are going to have a loss of employment and employers are going to replace labor with capital (machines) when you raise the minimum wage. That is impossible to avoid.

]]> By: mx https://mikerowe.zestsms.com/2015/02/ofw-minimum-wage/#comment-3416 Tue, 10 Feb 2015 00:28:00 +0000 http://profoundlydisconnected.com/?p=80978#comment-3416 Here’s the funny thing about your 1979 wage. Let’s pop over to the DOL’s CPI calculator and punch in $2.90 in 1979. What is that in 2014 dollars? Why it’s $9.46. That number looks an awful lot like $10 to me. So in fact, the minimum wage in 1979 was roughly equivalent to today’s $10 all along. Yet Rowe got the job anyway.

The problem isn’t the amount of the minimum wage. Rather, the problem is that minimum wage (or near-minimum wage) work has become the norm not just for high school students working after school at the movie theater, but for adult workers who might spend years earning it while trying to support a family with little realistic possibility for advancement in their careers.

]]> By: fifthgenmick https://mikerowe.zestsms.com/2015/02/ofw-minimum-wage/#comment-3415 Mon, 09 Feb 2015 14:47:00 +0000 http://profoundlydisconnected.com/?p=80978#comment-3415 Mike, thanks for the great letter about the minimum wage. I am a rehabilitation counselor. I work with folks with disabilities to get them jobs. The amount of folks that actually work for minimum wage is very low, I think about 1%. I started at a gas station for $1.00/hr which was actually less that the min. wage at the time which was $1.60/hr. I learned a great deal at that job. I learned how to develop a good work ethic which has lasted me all of my life. I learned how to work with other and how to help customers. I learned how to get promotions, and I had money in my pocket. Most folks that get entry level work at minimum wage do not have the transferable skills to make what skilled workers make. This takes time. Why should those who do not have the necessary skills get paid what took me several years to learn ? The potential pitfalls far outweigh any possible benefits that raising the minimum wage offers.

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