Minimum Wage Mandate in Biden’s Pandemic Relief Bill est. to Wipe Out 1.3 Mil Jobs

[pondus_levo]

https://www.theepochtimes.com/minimu...s_3658364.html

President-elect Joe Biden’s plan for pandemic relief contains a $15 minimum wage mandate which Congress has estimated would lead to the loss of 1.3 million jobs.

Biden introduced the minimum wage provision in a speech laying out his priorities for a tax-payer funded stimulus package to tackle the damage wreaked on the economy by the CCP (Chinese Communist Party) virus, commonly known as the coronavirus.

According to a July 2019 estimate by the Congressional Budget Office, raising the federal minimum wage to $15 would lead to the loss of 1.3 million jobs while boosting the wages of 17 million workers.

“People tell me that’s going to be hard to pass. Florida just passed it. As divided as that state is, they just passed it. The rest of the country is ready to move as well,” Biden said.

Sen. Marco Rubio (R-Fla.) was less enthusiastic about the bill’s prospects.

“President-Elect Biden served in the Senate for over 35 years. So he knows the plan he outlined tonight can’t pass ‘quickly’ & will delay the 2k for hard-hit Americans. Let’s get the extra money to people first,” Rubio wrote on Twitter.

The minimum wage in Florida is $8.56. The Sunshine State enacted a gradual increase to $15 minimum by 2026, beginning with a boost to $10 in September this year.

Biden claimed that people who work 40 hours per week and make less than $15 an hour are living below the poverty line. According to the 2020 federal poverty guidelines for the 48 contiguous states and the District of Columbia, an individual taxpayer working 40 hours a week would have to make less than $6.14 per hour to live below the poverty line. The guidelines are different for Hawaii and Alaska, where people working 40-hour workweeks would need to make below $7.06 and $7.67 respectively to live below the poverty line.

“After a year of knocking small business out with lockdowns and restrictions, a $15 minimum wage will be a final nail in surviving businesses’ coffins,” Mark Lobliner, the chief marketing officer of Tiger Fitness, wrote on Twitter. “For large corporations, it will lead to increased automation and a tremendous uptick in unemployment will ensue. Not good.”

The Biden transition team did not respond to an earlier request to explain how the minimum wage mandate would help pandemic-stricken businesses that already struggle to cover the payroll.

With a price tag of $1.9 trillion, Biden’s stimulus bill would fund a campaign to administer 100 million CCP virus vaccine shots in 100 days, reopen the majority of K-8 public schools, provide $1,400 direct payments to individuals, and extend unemployment benefits beyond the end of March, among other provisions.

This is your new president. He thinks burger flippers that live in the lowest cost of living areas should make the same as the people in the highest cost of living areas. He also knows this will slow down the relief bill and hurt even more small business.

No matter who is in charge, there are always casualties of politics.

C'mon man, man bad.

[brayar]

That's the plan. More slave labor for gig jobs.

[PITA21]

Topple the system so you have an excuse for socialism

[Ironmanlet]

A big issue here is the absolutely disgusting, and seemingly unimaginable cooperate greed. How much of a profit margin do you think McD’s would lose if they increased their workers wages to 15/hour, without making any other changes?

I do understand that this same concept does not apply to small businesses and mom/pop shops though. Is that where we are going to see the biggest loss of employment you think?

Instinctively, I feel this is more of a state/local issue as the economy varies pretty significantly across the US.

[Witherman]

more political pork in a coronavirus relief bill. shocking.

[pondus_levo]

A big issue here is the absolutely disgusting, and seemingly unimaginable cooperate greed. How much of a profit margin do you think McD’s would lose if they increased their workers wages to 15/hour, without making any other changes?

I do understand that this same concept does not apply to small businesses and mom/pop shops though. Is that where we are going to see the biggest loss of employment you think?

Instinctively, I feel this is more of a state/local issue as the economy varies pretty significantly across the US.

Mcdonals already pays $15/hr in CA. But that's because of the cost of living. They also significantly raised their prices here. Just imaging if they had to do that everywhere.

Why spend a minimum on $30K of vocational school for a job that pays $15/hour when you can just go work at Mcdonalds.

It makes zero sense.

Career politicians need to go. I don't have a clue why idiots would elect another one.

[Olympia2018]

A big issue here is the absolutely disgusting, and seemingly unimaginable cooperate greed. How much of a profit margin do you think McD’s would lose if they increased their workers wages to 15/hour, without making any other changes?

I do understand that this same concept does not apply to small businesses and mom/pop shops though. Is that where we are going to see the biggest loss of employment you think?

Instinctively, I feel this is more of a state/local issue as the economy varies pretty significantly across the US.

So attacking small businesses and corporate businesses is the way to go huh? Just curious who wins here in your eyes? Especially when the price of every day items doubles due to i inflation in money and even more with the US taking in less money from lost jobs


You must be proud of your first accomplishment cant wait to see what 4 more years provides for us Americans


I know a local kids event place at the mall family owned where the owner nets in after rent paying employees etc around 3500 a month

His full time employes range from 9-11$ an hour

You do the math now if he has 4 employees and now they’re getting paid 15$ minimum an hour

Well say an average of 10$ now 5$ Extra x 40 hours in a work week x 4 weeks in a month thats 3200 if you add all 4 employees

That leaves the owner now to make a net profit of around 300$ a month after bills and payroll


Do you think this one small business is any different or doesn’t run the same practice as a local family dollar (non corporate) a local GNC, the local car wash? Your local gym?
Guess what? I did payroll for a big gym here in Texas and understand how it works,

Do you think this guy is going to continue to work 50+ hours a week maintaining and making sure all the local kids are happy for 300$ a month? LOL

You liberals are absolutely fukn stupid

[Witherman]

I do understand that this same concept does not apply to small businesses and mom/pop shops though. Is that where we are going to see the biggest loss of employment you think?

Instinctively, I feel this is more of a state/local issue as the economy varies pretty significantly across the US.

yes this is the bigger issue. and not just mom/pop shops. this will negatively impact businesses of 20, 50, 100 employees. this will impact hospitals, schools, gas stations, anything you can imagine.

it will also have a ripple effect on the quality of work. if you have 10 guys, but you have to cut two of them because you have to pay the other eight $15/hour, its not like the work load changes. so now the eight guys left have to somehow pickup the work of the other two guys that had to be cut.

do I think something needs to be done with the $7.25 it sits at today? yes. but is the answer more than doubling it? no. you also answered the real question which is - its the job of the states NOT the federal government to determine. $15/hour goes a lot further in north dakota than it does in california.

[Stizzel]

No jobs? No problem! Stimulus machine go BRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR

[Olympia2018]

Just lol @ thinking doubling hundreds of thousands of employee wages won't really affect mcdonalds who already operates on extremely tight margins.

Lol this fukn communist is the definition of stupid


13000 franchise McDonald’s

6000 Corporate in America

Those 13000 McDonald’s are typically owned by some kid who had it rough growing up and built a nobody into owning a local business to feed other poverty people in their local communities.


Read my above comment how mathematics work when coming to “payroll”


This does NOT include the soon to be lost truck driver assistants, packers, shippers etc who will no longer be employed to deliver food because of 15$ minimum wage


These liberals are fukn stupid!

[tbonestake]

People say this everywhere there is a wage increase but it doesn’t happen. It’s right wing big government rhetoric.

Imagine being such a cuck that you would be against getting paid more to keep your employer happy. You brahs must love getting bottomed out too.

[Johnez]

I guess the Dems are paying the Republicans back for Trump setting limits on the state tax write-off. That fukked over all the rich people living in HCOL areas. Time to fuk over the middle and lower class in "fly over states" I guess, gut businesses and kill jobs. You Dems think it's worth the gamble to get to socialism?

[Olympia2018]

People say this everywhere there is a wage increase but it doesn’t happen. It’s right wing big government rhetoric.

Imagine being such a cuck that you would be against getting paid more to keep your employer happy. You brahs must love getting bottomed out too.

What the fuk are you talking about? Do you understand how a business even works? Go read my above comment you dumbass

You want to get paid more? Don’t fukn apply at a minimum wage job! You need more skills then playing video games on a computer sometimes to get paid more than minimum wage you fool

[Phil9]

I guess the Dems are paying the Republicans back for Trump setting limits on the state tax write-off. That fukked over all the rich people living in HCOL areas. Time to fuk over the middle and lower class in "fly over states" I guess, gut businesses and kill jobs. You Dems think it's worth the gamble to get to socialism?

The middle class got fuked over well enough under Trump. Record profits for numerous corporations. Millions of jobs lost in the same time span.

[Johnez]

The middle class got fuked over well enough under Trump. Record profits for numerous corporations. Millions of jobs lost in the same time span.

Time to pile it on even heavier then?

[Tyler2106]

Democrats hate small businesses and love big corporations.

[anonymous]

When is Biden going to start giving us free houses, since $15 an hour isn't enough to buy a 4 bedroom house in the suburbs?

[Tyler2106]

The middle class got fuked over well enough under Trump. Record profits for numerous corporations. Millions of jobs lost in the same time span.

Explain how that worked before COVID and the Democrats shut down the entire economy? Before COVID the economy was doing just fine.

[rampagefc77]

Topple the system so you have an excuse for socialism

This. Small businesses are on life support right now... and the best thing to do is make them spend a bunch more on payroll for nonskilled workers?

Liberal economics. Feels over facts.

[tbonestake]

What the fuk are you talking about? Do you understand how a business even works? Go read my above comment you dumbass

You want to get paid more? Don’t fukn apply at a minimum wage job! You need more skills then playing video games on a computer sometimes to get paid more than minimum wage you fool

You’re irrationally upset. Empirical evidence has proven that you’re wrong over and over again. But go bend over for big business. If you like to swallow cum and prostrate yourself for your overlords that’s your decision.

[rampagefc77]

People say this everywhere there is a wage increase but it doesn’t happen. It’s right wing big government rhetoric.

Imagine being such a cuck that you would be against getting paid more to keep your employer happy. You brahs must love getting bottomed out too.

Did seattle roll this out a while back and it was a disaster?

[Johnez]

People say this everywhere there is a wage increase but it doesn’t happen. It’s right wing big government rhetoric.

Imagine being such a cuck that you would be against getting paid more to keep your employer happy. You brahs must love getting bottomed out too.

You get paid $16 an hour. Min wage is $7.25. You think your wage is going to go up $7.75 just because the govt decided to give a pay raise to high schoolers? No. Your employer will probably give you a buck more an hour if that, depends on how many other workers got a govt raise that they gotta account for now....

[denrocks1]

We don't really know if that will be in the bill or not. It seemed more like a wishlist item. If it does happen I think it would be terrible for helping the unemployment situation, but not as bad if it's phased in over more than 5 years.

Maybe they will settle somewhere in the middle if enough people disagree with it.

[sfgiants13]

Can’t see Manchin supporting this. Although who knows anymore.

[tbonestake]

You get paid $16 an hour. Min wage is $7.25. You think your wage is going to go up $7.75 just because the govt decided to give a pay raise to high schoolers? No. Your employer will probably give you a buck more an hour if that, depends on how many other workers got a govt raise that they gotta account for now....

“My money will be worth less” is a popular and selfish argument. That doesn’t happen. Wages do go up for skilled workers.

[Droopdx]

These servers will celebrate their $15 an hour and then somehow blame Trump when their five shifts a week gets cut to two.

[pondus_levo]

The middle class got fuked over well enough under Trump. Record profits for numerous corporations. Millions of jobs lost in the same time span.

You fuucking wot m8? Unemployment was at record lows before Dems used covid to shut down the economy, JUST TO HURT TRUMP in a re-election year.

Everyone should have voted Trump JUST because democrats are the biggest scum on earth.

[sr7914]

You get paid $16 an hour. Min wage is $7.25. You think your wage is going to go up $7.75 just because the govt decided to give a pay raise to high schoolers? No. Your employer will probably give you a buck more an hour if that, depends on how many other workers got a govt raise that they gotta account for now....

If you went to school to learn a trade and you're only making $16/hour that's a problem. That's roughly $28k/year. Still poverty. That's what Trump tier people are really worried about. Some highschool bag boy making almost as much as they do. If you're making $16/hour maybe get yourself out of poverty before worrying about and chiting on someone that makes less than you.

[tunejunkie]

Welcome to Biden’s America. Good job guys

[Tyler2106]

These servers will celebrate their $15 an hour and then somehow blame Trump when their five shifts a week gets cut to two.

I would imagine that servers, and all others that receive tips, would not fall under the $15/hr requirement. They would receive a base rate + average tips that would equal that of $15/hr at a minimum.