Comments on: Four lessons from Seattleā€™s 60 percent minimum wage hike http://blogs.reuters.com/great-debate/2014/05/15/four-lessons-from-seattles-60-percent-minimum-wage-hike/ Thu, 21 Jul 2016 07:57:19 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: BC5000 http://blogs.reuters.com/great-debate/2014/05/15/four-lessons-from-seattles-60-percent-minimum-wage-hike/#comment-86364 Thu, 29 May 2014 18:40:51 +0000 http://blogs.reuters.com/great-debate/?p=31131#comment-86364 Four Lessons from Economic Reality

1. Minimum wage jobs exist because they have low entry requirements and there is a very high supply of unskilled workers to fill them. The Economic Laws of Supply & Demand.
2. Raising the wage will only increase the price paid for the products or services provided or shut down the employers businesses. If it cost too much to eat out people will cook at home.
3. The higher you raise those wages the more motivated employers are to replace those workers with automation eliminating those job opportunities altogether.
4. Most people who are in long term minimum wage jobs are doing so because they lack the skills or motivation to do better. More money does nothing to motivate harder working.

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By: zotdoc http://blogs.reuters.com/great-debate/2014/05/15/four-lessons-from-seattles-60-percent-minimum-wage-hike/#comment-86337 Tue, 27 May 2014 18:01:54 +0000 http://blogs.reuters.com/great-debate/?p=31131#comment-86337 How can you be talking about lessons from Seattle when the increased minimum wage has not taken effect yet. Send a follow up article when fully implemented.

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By: captaindoc http://blogs.reuters.com/great-debate/2014/05/15/four-lessons-from-seattles-60-percent-minimum-wage-hike/#comment-86215 Tue, 20 May 2014 17:26:41 +0000 http://blogs.reuters.com/great-debate/?p=31131#comment-86215 If you think for one moment that if you pay more you will get more you need to share what you are smoking. People working for minimum wage will not get motivated by paying more. The whole minimum wage idea is a lot of baloney. You are telling me to pay somebody what you think it is worth not what I think it is or what I can charge for the product, if you like that idea then you pay them as they will not be working for me, I will move to a state that will allow me to not pay this ridiculous amount of money and still sell in Seattle through online sales while paying considerably less money for the labor. If it keeps up I can move to Guatemala and still ship to the USA.

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By: stoneon http://blogs.reuters.com/great-debate/2014/05/15/four-lessons-from-seattles-60-percent-minimum-wage-hike/#comment-86201 Tue, 20 May 2014 09:44:44 +0000 http://blogs.reuters.com/great-debate/?p=31131#comment-86201 This is inflationary. People who want more than minimum wage should improve their skills and seek other jobs. How much skill does it take to flip a burger

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By: Kabalen http://blogs.reuters.com/great-debate/2014/05/15/four-lessons-from-seattles-60-percent-minimum-wage-hike/#comment-86181 Sun, 18 May 2014 16:23:18 +0000 http://blogs.reuters.com/great-debate/?p=31131#comment-86181 I love your assessment of the wage hike. I think your justifications as to why there should should be a minimum wage increase are very reasonable. The people who will be laid-off as a result of the wage increase can find other jobs. It is simply how the economy works – incentives should be provided to those people who are more productive and that can produce more and therefore should be paid more. Businesses have the right to expect more for the wage hike. Employees who are on the verge of being laid-off need to work harder. If not, they can find a job elsewhere. But government has the obligation to train people to meet the expectations of businesses. It is also the laid-off people’s right to get unemployed insurance. We’ll have to see if this wage hike experiment will work – will the positives be greater than the negatives?

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By: Laster http://blogs.reuters.com/great-debate/2014/05/15/four-lessons-from-seattles-60-percent-minimum-wage-hike/#comment-86094 Fri, 16 May 2014 05:32:56 +0000 http://blogs.reuters.com/great-debate/?p=31131#comment-86094 Amazing how ingrained the capitalist ideas have become that we instantly equate being poor to financial status when there is ample anecdotal evidence to the contrary.

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By: theyarenot http://blogs.reuters.com/great-debate/2014/05/15/four-lessons-from-seattles-60-percent-minimum-wage-hike/#comment-86060 Thu, 15 May 2014 21:15:19 +0000 http://blogs.reuters.com/great-debate/?p=31131#comment-86060 “Support from big corporations is critical?” No it’s not. It was just the path of least resistance for the political hacks who took part in the Mayor’s advisory committee. Someday soon labor leadership in Seattle will have to find the courage to fight, or others who are less afraid will continue to seize leadership of this movement from them.

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