CBO report estimates job losses from wage hike, even as Walmart signals possible shift

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  • SLars Provo, UT
    Feb. 22, 2014 11:13 p.m.

    I've heard the same argument every time the minimum wage was raised. But the layoffs never happened.

  • Schnee Salt Lake City, UT
    Feb. 22, 2014 11:38 a.m.

    Losing 500k jobs is problematic, but what if you now have a bunch of people that now only need to work 1 job instead of two? Or two working parent households that can now have one parent shift from 40 hours to 30 in order to be home when kids get out of school? It's important to see the full context of the situation.

    Think of the reverse, what if we were to lower minimum wage, then there might be more jobs but a lot of people would have to work more hours just to make up the income they're not getting anymore if they shifted from 35hrs at 8 an hour to 35hrs at 6 an hour. Is that a good situation?

  • RBB Sandy, UT
    Feb. 22, 2014 8:16 a.m.

    Where does the money come from? If I have 10 employees, this would cost me $25, 000 a year. I can either cut employees (employees pay),raise my prices (public pays) or reduce what I make. For some option 3 is no big deal. For others, they have no choice but to chose 1 or 2. If 1, people lose jobs. If 2, prices go up and the raise does not mean much because everything costs more anyway.

    Ever wonder why they do not raise it to $50/hr. so evryone can be upper middle class? The effect on inflation would be so dramatic that almost everyone would understand. BigMacs would go to $20 By going to $10.10 the effect will be more gradual.

  • get her done Bountiful, UT
    Feb. 22, 2014 12:05 a.m.

    To make anyone work full time and live in poverty is immoral.

  • Chris B Salt Lake City, UT
    Feb. 21, 2014 10:52 p.m.

    900k will be brought out of poverty and 500k will lose their jobs.

    Keep in mind those 900k already have jobs if this will impact them.

    So it creates 0 jobs but kills 500k jobs.

    And it's NOT McDonald's job to pay enough for a person to provide for a family. It's every person that chose to have a family's responsibility to provide for their family.

    If someone is worth more than they are getting paid, another greedy CEO will gladly pay them more to get them.

    If there isn't a greedy CEO willing to pay more, they aren't worth more