$10.24 to be exact, it will be interesting to see what the effect is. Right now the unemployment rate in SF is under 8% while the average for California I believe is slightly over 11.
http://www.christianpost.com/news/sa...bove-10-64731/
$10.24 to be exact, it will be interesting to see what the effect is. Right now the unemployment rate in SF is under 8% while the average for California I believe is slightly over 11.
http://www.christianpost.com/news/sa...bove-10-64731/
Last edited by mriddick; 12-31-2011 at 08:28 PM.
Looks like another win for you Israel Firsters !!
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Wart
Always on topic...eh, Wart?Originally Posted by Warthogg
Back to the topic at hand.....This looks like a bonanza for illegal aliens. Why pay a zit-poppin' teener $10/hr when you can hire a "No Habla" for $5/hr under the table?
Oh, that's right San Fran is a Sanctuary City!
Party on, Garth.
Telling the truth is treason in an empire of lies.
WWG1WGA
Nothing good ever comes from a pinched sphincter
The tin foil hat makes it hard for him to stay on target ....
The tin foil hat makes it hard for him to stay on target ....Sooooo U B the baby daddy huh t_monkey !!Transgender Man in Israel Reportedly Gives Birth
Wart
I'd imagine two immediate consequences will be the reduction in availability of minimum wage jobs and the reise in the price of good produced by those making minimum wage.
A third consequence will be the reduction in purchasing power of those making slightly above minimum wage.
The Federal minimum wage WAS worth $10 (in today's money) back in the late 1960's before inflation ate away at it. It's never caught back up since.
Kind of hard to live on $7.25/hour, even full-time. $10/hour is definitely doable though.
I don't think raising it really adds much to unemployment, since most small businesses have to have a minimum X number of employees regardless of how much they pay them. And they can't raise prices unless all of their competitors do or they'll lose out on business, so the added expense usually comes out of profits.
They really ought to peg the Federal minimum wage at $10/hr. current value, and adjust it for inflation automatically each year to guarantee people can live off of it.
"That tyranny has all the vices both of democracy and oligarchy is evident. As of oligarchy so of tyranny, the end is wealth; (for by wealth only can the tyrant maintain either his guard or his luxury). Both mistrust the people, and therefore deprive them of their arms." -- Aristotle, Book V, 350 B.C.E
That still doesn't change the fact that (a) your attention span is that of a brain damaged amoeba and (b) you are more like LAGC than you think, in that no thread will stop you from wildly diverging OFF TOPIC to push whatever idiotic statement you feel like pushing at the moment. (edit) Actually LAGC is better at staying on topic than you are. Apologies to him.Sooooo U B the baby daddy huh t_monkey !!
Wart
But your not suppose to live on minimum wage. Their was a thread a ways back that had some stupid test to see if you could live on minimum wage, and it prompted several board members to recount how they did it and moved on.
You bring up a good point. The bay area is probably the hottest spot I've ever seen for illegals. In San Rafael, there are a couple neigborhoods where you will literally see HUNDREDS of laborers on the streets looking for work. Great mobs of them. And still more scattered pockets outside every hardware store and truck rental shop.Back to the topic at hand.....This looks like a bonanza for illegal aliens. Why pay a zit-poppin' teener $10/hr when you can hire a "No Habla" for $5/hr under the table?
That said, a "living wage" in San Fran is $25 an hour, and inflation is so high there that an increase in overhead will probably hardly be noticed. This might be a good thing for the few "documented" employees left in that county.
I thought the Feds set the standards for "minimum wage" for the country?
A local city ordinance can do the same too?
So it would appear. I know the union contracts are interlocked with the Fed minimum wage and wonder if the same is true when the minimum wage is set by local .gov.
Wart
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