NYC $30 minimum wage proposal headed to City Council.
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"The minimum wage in New York City would increase to a nation-leading $30 an hour, nearly double the current rate, under legislation set to be introduced Tuesday in the City Council, according to the bill's sponsor, Councilmember Sandra Nurse. The increase would come in steps...
Nurses should be making $100-200/hr at least, most make this proposed minimum of $30/hr nationwide avg The ramifications of raising the minimum wage will be far reaching and hopefully adjusts the payscale for everyone. I do think, though, that a maximum wage makes more sense...
By 2030, I wouldn't doubt $30/hr is going to be equivalent to $20/hr today.
Next, the rent will increase to a historically high, nearly double the current rate in 2030. They pay you then they take away all your money.
Honestly, a federal minimum wage of $20 should have been introduced yesterday. Phase that in over the next five years, and you'll put so much more money into the pockets of low wage workers and boost the pay of those just above minimum wage.
The federal minimum wage at this point is irrelevant. Most states and many cities have varying min wages well above the federal.
Minimum wage should never be a set number. If were gonna continue pretending capitalism works for even a slim majority of the population, minimum wage needs to be tied to at least housing costs, if not healthcare and childcare if not more factors.
I’m not saying there isn’t a huge income disparity, but raising minimum wage is absolutely not going to work if the business owners aren’t on board (either voluntarily or involuntarily) to maintain their prices. When their costs go up, they raise prices to maintain their margins.
Good for you nyc. Best of luck.
They have $28 an hour for gig apps. This should pass. Just wish it was state wide.
This is what the “minimum wage” should be. I make $30 an hour, and after bills and putting a small amount away in savings, it doesn’t feel like much at all. I’m thankful for my job, but fuck the corporate overlords who pay themselves on the back thinking they are doing us a fa...
Yes, but any wage increase legislation needs to be coupled with anti price gouging legislation. Otherwise it's just a never-ending inflation game. Every bump is another excuse to charge more for the same goods and services because TPTB want you on living on the brink, not livi...
This is good for all of us. NYC can prove it works and we can push for higher wages in other places
What the fuck is with the anti-minimum wage sentiment and misinformation here? This is /r/antiwork, not /r/conservative Raising minimum wage does NOT increase inflation substantially and has been shown empirically. I will keep copy pasting this: Read this [Economics FAQ](ht...
When will they stop trying to increase wages, rather than reduce prices... housing is way too expensive... a 1 bedroom apartment is more than I make in a month. Increasing wages is a bandaid fix that falls off when the greedy people increase their pricing. If we don't fix the...
This, raising the minimum wage does nothing but raising the price of goods which cascades into everything else.
Except I can say the same thing that prices will increase if housing costs are reduced because “people also have more money from this” The sentiment that raising minimum wage increases inflation is empirically false. Read this [Economics FAQ](https://www.reddit.com/r/Economi...
This is just roughly what the federal minimum wage would be if it had risen alongside productivity over the past 50+ years, which would put NYC and other cities’ minimum wage well above that just as they are well above the federal minimum wage now.
Some businesses do gouge but others legitimately need to bump their prices up. Take grocery stores that mostly operate on a 1-3% profit margin. If labor costs go up 10% they have two choices: hike prices to cover the increased labor cost, or go out of business - they have no o...
A step in the right direction ⬆️⬆️
Everyone’s looking at New York. I hope it succeeds and demonstrates that there is a better way, that we can afford to give everyone a living wage and a life of dignity.
It’s New York City, per capita the economy is massive. No reason the person serving a Wall Street banker in a restaurant shouldn’t be getting $30, this would make things a lot better imo for a lot of people
The person serving the banker in the restaurant is getting $40ish. Anyway, the real issue with this is that it will put people on disability completely out of work, and it will wreck the city’s budget by forcing the entire payscale up. It will also reduce retail employment s...
Mega huge corporations love this idea. Why? Because they have the cash flow to sustain this while it will decimate small businesses who can't compete on volume like their ginormous competitors. Then once they are rid of those pesky small businesses they can start moving ...
No they dont
Won’t it affect those who work and collect ssdi? Sga is 1690. That’s 56 hours of work a month and it’ll put you over if you use up your work incentives. It will also screw with Medicaid, ssi etc 56 hours of work is 7, 8 hour days in a single month or 14 hours a week
Can one live in NYC comfortably on $30 a hour?
There are going through nbe 1 of 2 outcomes which would affect those most I'm need, but I'd be interested to see the experiment happen to verify empirically: 1. Inflation 2. Massive job loss This only benefits asset holders.
That means a McDonald’s combo will cost $40 soon.
And be served by R2D2
I truly hope to see this happen. The fallout is going to be epic
Who cares in NYC? No small business would want to set up shop there, anyway.
According to MIT's living wage calculator this is just slightly under what most counties that comprise New York city should have for a living wage. And given that MIT admits their living wage is just staying out of debt, that's not a living wage, that's a subsistence wage.......
as long as it applies only to American citizens, then sure
And then pikachu surprise face, when workers are replaced by cheaper AI
They’re going to do that anyways.
It’ll never be enough. Everything will cost more. Everyone wanted $15 an hour. Now, due in no small part to the minimum wage increase, everything costs a lot more. So they want 30. Well guess what will happen when minimum wage is 30? I’ll give you two guesses and the first t...
Yeah, that's not how that works. The federal minimum wage has been $7.25 since 2009 and yet, the cost of living has dramatically increased anyway over that stretch of time. Also, another argument I hear a lot is that raising wages would make some small businesses close bec...
Just repeating what I said in my reply to you because i just saw this comment: Read this [Economics FAQ](https://www.reddit.com/r/Economics/wiki/faq_minwage/) from that subreddit itself. Inflation does not increase inflation like that. Economics is more complex than just "com...
Why not $200 I mean whats the worse that can happen...
I obviously know that you aren’t aware, but there have only been positive economic effects every time minimum wage has been raised in the past. It is now $21 in Seattle and none of the fearmongering lies ever came true there, or anywhere else, now, or at any time in the past...