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found that when wages increased to $13 in 2016, some companies may have responded by cutting low-wage workers' hours. The study, which was funded in part by the city of Seattle, found that workers clocked 9% fewer hours on average, and earned $125 less each month after the most recent increase.
originally posted by: RomeByFire
From the article(s):
found that when wages increased to $13 in 2016, some companies may have responded by cutting low-wage workers' hours. The study, which was funded in part by the city of Seattle, found that workers clocked 9% fewer hours on average, and earned $125 less each month after the most recent increase.
Kind of offsets the click-bait title.
When companies cut employees hours, they make less money. That's.... some elementary level stuff right there if you ask me, the title (not yours, OP, the original title) is the epitome of pushing a narrative, however.
"Deny ignorance." Lol.
Importantly, the lost income associated with the hours reductions exceeds the gain associated with the net wage increase of 3.1%. Using data in Table 3, we compute that the average low-wage employee was paid $1,897 per month. The reduction in hours would cost the average employee $179 per month, while the wage increase would recoup only $54 of this loss, leaving a net loss of $125 per month (6.6%), which is sizable for a low-wage worker.
originally posted by: xuenchen
Of *COURSE* it is.
Higher minimum wages just give employers a better reason to hire less people and force those less people to do more work in the time they are on the job.
originally posted by: jimmyx
originally posted by: xuenchen
Of *COURSE* it is.
Higher minimum wages just give employers a better reason to hire less people and force those less people to do more work in the time they are on the job.
companies have accountants who are paid to ALWAYS look for ways to cut costs....why do you think robotics are being installed to do menial jobs. they don't give a s**t about the worker, they only give a s**t about making more profits
originally posted by: jimmyx
originally posted by: xuenchen
Of *COURSE* it is.
Higher minimum wages just give employers a better reason to hire less people and force those less people to do more work in the time they are on the job.
companies have accountants who are paid to ALWAYS look for ways to cut costs....why do you think robotics are being installed to do menial jobs. they don't give a s**t about the worker, they only give a s**t about making more profits
originally posted by: Grambler
originally posted by: jimmyx
originally posted by: xuenchen
Of *COURSE* it is.
Higher minimum wages just give employers a better reason to hire less people and force those less people to do more work in the time they are on the job.
companies have accountants who are paid to ALWAYS look for ways to cut costs....why do you think robotics are being installed to do menial jobs. they don't give a s**t about the worker, they only give a s**t about making more profits
Right, then why weren't they automating and cutting hours before the wage increase?
I find this debate hilarious.
People said over and over, if you raise the minimum wage too hi, businesses will find ways to cut hours, and people will be even worse off.
The wage supporters laughed that off as preposterous.
Then that is exactly what happens, and the people now say well businesses would have done that anyways.
originally posted by: BASSPLYR
Other countries can pay their employees close to 15 an hour as minimum wage and yet their economy is doing better than the usa.
Heres a clue the executives need to adjust their pay and product margin instead of Fing over the very people that they stomp on to make their money.
originally posted by: missed_gear
a reply to: Grambler
Cost effectiveness...is why.
The long term cost of a robot is now less than a 15/he employee.
Not hilarious.
Business.
Mg
originally posted by: BASSPLYR
a reply to: Grambler
And yet other countries see a very different math when it comes to how much they pay their employees.
I did mention that there are countries with economies that are better than the usa has been for several decades and they pay 16 minimum wage.
Gee there must be something theyre doing different than the usa and it cones down to the employers who simply in the usa dont want to pay the cost to do business. They just want to make 500k a year ownibg a mcdonalds while screwing the people they hire. Then they go out and buy a 100k car as an endulgence when they could have hired 3 more people with that mobey. Face it americas wrong with how it works its economy.
The problem in america is the employers not the employees.
originally posted by: BASSPLYR
a reply to: Grambler
And yet other countries see a very different math when it comes to how much they pay their employees.
I did mention that there are countries with economies that are better than the usa has been for several decades and they pay 16 minimum wage.
Gee there must be something theyre doing different than the usa and it comes down to the employers who simply in the usa dont want to pay the cost to do business. They just want to make 500k a year owning a mcdonalds while screwing the people they hire. Then they go out and buy a 100k car as an endulgence when they could have hired 3 more people with that money. Face it americas wrong with how it works its economy.
The problem in america is the employers not the employees.