Replies: 40
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110%er [9682]
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So the COVID-19 Bill requires companies that take money
Mar 24, 2020, 1:27 PM
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provide a permanent minimum wage of $15 per hour.
That doesn't seem relevant to the issue at hand...
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Hall of Famer [22408]
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Why not?***
Mar 24, 2020, 1:28 PM
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110%er [9682]
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The relief is to help companies continue to pay employees
Mar 24, 2020, 1:31 PM
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during this outbreak. Then saying - oh, by the way - you have to pay them more than the federally mandated minimum wage - seems to be someone's attempt to add legislation that they haven't been able to get through otherwise.
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Hall of Famer [22408]
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It's an effort to ensure that employees benefit and not
Mar 24, 2020, 1:37 PM
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simply the business owner.
That is basically what the debate has been about. Republicans want more of a top down approach and Democrats want more of a bottom up approach. Unlike the recent tax cuts, Democrats want to ensure that the money is not primarily used for stock buy backs, dividends, and executive committee bonuses with so little making its way down to the employees.
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Rock Defender [54]
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Re: It's an effort to ensure that employees benefit and not
Mar 24, 2020, 1:43 PM
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Hall of Famer [22408]
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Again, the purpose should be obvious.***
Mar 24, 2020, 1:46 PM
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Orange Blooded [4365]
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Re: It's an effort to ensure that employees benefit and not
Mar 24, 2020, 2:56 PM
[ in reply to Re: It's an effort to ensure that employees benefit and not ] |
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T3,
I've read the bill and I found the restrictions on the slush fund to be totally inadequate.
First, Mnuchin has almost total power to say who gets want - and doesn't have to disclose those facts for at least 6 months.
Secondly there are get arounds to the nominal restrictions on executive pay increases and stock buybacks (and you know those guys will use them)
Finally, a main purpose of the relief is to put people back to work so we can keep the economy running, but there are almost no guarantees about worker protection attached to the slush fund.
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110%er [9682]
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I can see mandating the money go to employees, but not
Mar 24, 2020, 2:08 PM
[ in reply to It's an effort to ensure that employees benefit and not ] |
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mandating "Ok, once this thing is over - you're going to pay your employees more".
That's an obvious attempt to push failed legislation. Seems pretty low to me to include stuff like that during a world-wide emergency.
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Hall of Famer [22408]
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So, you think it's a good idea, you just want it to end.
Mar 24, 2020, 2:09 PM
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When should it end?
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110%er [9682]
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No - if the idea is to pay employees during this
Mar 24, 2020, 2:16 PM
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unprecedented time - then pay them. Once the isolation restrictions are released, they'll start working again (but not at a higher rate than they made before...)
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Rock Defender [54]
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110%er [9682]
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I agree. But their employees will go unpaid during the
Mar 24, 2020, 2:19 PM
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crisis, which completely defeats the purpose of the Bill.
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All-In [48078]
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Re: So the COVID-19 Bill requires companies that take money
Mar 24, 2020, 1:29 PM
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I still like it. Its 2020. 15 bucks an hour is nothing.
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Orange Blooded [3530]
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Re: So the COVID-19 Bill requires companies that take money
Mar 24, 2020, 1:31 PM
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Agree...and if small businesses can’t afford to pay a reasonable wage then they don’t have a sound business model to begin with.
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Rock Defender [54]
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Re: So the COVID-19 Bill requires companies that take money
Mar 24, 2020, 1:37 PM
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110%er [9682]
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That's exactly what my Econ professor at Clemson used
Mar 24, 2020, 2:10 PM
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to say. If you increase the minimum wage, employers will hire less people...
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Orange Blooded [4365]
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Re: So the COVID-19 Bill requires companies that take money
Mar 24, 2020, 3:01 PM
[ in reply to Re: So the COVID-19 Bill requires companies that take money ] |
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T3
1. Anyone working 40 hours a week should be able to live a decent life. You try creating a budget at 7.50 an hour.
2. Studies about raising the minimum wage have not shown the rise in unemployment that you project.
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Rock Defender [54]
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Re: So the COVID-19 Bill requires companies that take money
Mar 24, 2020, 3:07 PM
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All-In [48078]
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110%er [9682]
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Hall of Famer [24878]
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That's almost every major bill that goes through...***
Mar 24, 2020, 1:37 PM
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All-TigerNet [11645]
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So what business do you run?
Mar 24, 2020, 1:49 PM
[ in reply to Re: So the COVID-19 Bill requires companies that take money ] |
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Mine is almost 40 employees with revenue in the $5-10 Million bracket.
$15/hour benefits no one. It inflates the bottom. If Flippy McBurger suddenly gets $15/hr then what happens to all other wages? They must go up. Rent prices go up, food prices go up, everything inflates and the $15/hr worker are in no better shape.
We pay our interns and co-ops between $15-20/hr. Will that be good at a $15 min wage? Not likely. So we’ll hire fewer interns and co-ops. Unless you’re .Gov, money is finite and only so much to go around each year.
I’d rather there be no minimum wage. Let market conditions and skill dictate wages.
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Hall of Famer [24878]
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What type/field of business...?***
Mar 24, 2020, 2:08 PM
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All-TigerNet [11645]
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Consulting Engineering***
Mar 24, 2020, 2:18 PM
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Rock Defender [54]
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If you can’t win with your agenda at the polls
Mar 24, 2020, 1:31 PM
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CU Medallion [56241]
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Didn't they get to Congress by winning at the polls?***
Mar 24, 2020, 1:35 PM
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Oculus Spirit [94260]
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Isn't that academic without the senate and white house?
Mar 24, 2020, 1:45 PM
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I applaud Nancy's efforts. NO SOUP FOR YOU!
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CU Medallion [56241]
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It's not academic if they're literally in the Senate right
Mar 24, 2020, 2:02 PM
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now and they're personally involved in passing legislation.
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Rock Defender [54]
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CU Medallion [56241]
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Re: Didn't they get to Congress by winning at the polls?***
Mar 24, 2020, 2:00 PM
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Rock Defender [54]
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Re: Didn't they get to Congress by winning at the polls?***
Mar 24, 2020, 2:06 PM
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Orange Blooded [4365]
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Hall of Famer [22408]
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Rock Defender [54]
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Only one side is compromising now
Mar 24, 2020, 1:50 PM
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Hall of Famer [22408]
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Cut back on the coffee a bit.***
Mar 24, 2020, 1:51 PM
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Orange Blooded [4365]
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Legend [16271]
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Seems that would make it more difficult to get the
Mar 24, 2020, 1:32 PM
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mechanism up and running back to full speed.
On the flip side though, we pay corporate welfare via taxes for public assistance for workers who don't make enough per hour to live on.
Would much rather that be addressed at a later time.
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Oculus Spirit [94260]
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No.***
Mar 24, 2020, 1:42 PM
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CU Medallion [56241]
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That's a terrible idea.
Mar 24, 2020, 1:45 PM
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The minimum wage should be tied to inflation so we don't have to keep having the same arguments over and over again.
Also, link?
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110%er [9682]
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CU Medallion [73569]
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rip, small businesses in non-NY/LA areas***
Mar 24, 2020, 7:50 PM
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Replies: 40
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