@ISIDEWITHQuestionseconomy13yrs ago

Should the government raise the federal minimum wage?

Should the government raise the minimum wage?

The minimum wage in Spain is currently €756.70 per month in 12 payments, €648.60 per month in 14 payments. In early 2015 the Council of Europe said the minimum wage in Spain was too low since the European Social Charter recommends a minimum wage of 60 percent of the average wage.

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Answer Overview

Response rates from 40.7k Libertarian voters.

22%
Yes
77%
No
17%
Yes
54%
No
3%
Yes, and adjust it every year according to inflation
13%
No, this will only cause prices to increase in a never ending cycle
2%
Yes, and make it a living wage
7%
No, and eliminate all wage standards
3%
No, most minimum wage jobs are meant to develop experience, not support a family

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 @M0derateImpala from Minnesota submitted…10mos10MO

Companies Cut Worker Hours After California’s $25-an-Hour Minimum-Wage

California's budget deficit has ballooned to $45 billion. Mr. Newsom projects that the new healthcare minimum wage would cost the state $4 billion more a year owing to higher Medicaid costs and compensation for workers at state-owned facilities. Legislative analyses warned about these costs, but Mr. Newsom signed the law anyway.California’s current minimum wage for all workers is $16 an hour. Nearly all workers at healthcare facilities including janitors will have to be paid at least $25 an hour by 2028.California’s wage minimums are another illustration of how progressive mandates boomerang. Average weekly earnings for leisure and hospitality employees in California have declined by 2.6% over the last year owing to a steep drop in hours worked. By contrast, those average weekly earnings rose 3% nationwide, 3.2% in Florida and 5.2% in Texas.California’s wage minimums are another illustration of how progressive mandates boomerang. Average weekly earnings for leisure and hospitality employees in California have declined by 2.6% over the last year owing to a steep drop in hours worked. By contrast, those average weekly earnings rose 3% nationwide, 3.2% in Florida and 5.2% in Texas.Average hourly earnings for California leisure and hospitality workers have also increased more slowly—2.1% compared to 3.8% nationwide—no doubt partly because the state’s softer labor market has reduced competition for workers.When government raises wages above what the market commands, employers will increase prices and reduce labor. California, QED.