Biden most likely won’t take the lead in prosecuting Trump. The states though is another matter altogether. Biden can’t pardon Trump from states convictions.
Lots of people associated with Trump have gone to jail. For example his former “fixer” Michael Cohen got convicted of fraud and perjury. Are you saying none of these lead up to Trump?
Any young state AG would love to be the famous prosecutor who takes down Trump. Book deals and media contracts would come knocking right after. Who can resist?
What Biden does is irrelevant. The First Amendment grants him the freedom of speech. He can say he plans to occupy the moon if he wants to. Unlike Lin Wood and others I don’t think the big shots from the swamp would wind up in jail, but Quid Pro Joe ain’t gonna be president come January. His “cabinet” would follow the footsteps of Merrick Garland. Gonna get interesting soon enough. Sit back and enjoy the show.
Heard the same thing about Reagan and the same thing about Bush. Criminals, jail time. Lotsa talk. Nothing happened. Same with Obama and Hillary. Trump’s only additional risk is that he took on the Deep State.
$15 minimum wage has been proven ineffective. Employers cut hours so despite making more per hour the take home pay was less.
We’ve seen what happens when states going from free stuff to requiring people to work to receive welfare benefits. If you require people to work, then the number of people getting welfare declines. Biden wants to increase free stuff which means less people will work.
So exactly which economic policies of Biden will get more people working?
I know. You’ll pick a single sentence, disagree with it, and pretend that debunks everything.
“To find out how a $15 minimum wage might affect rural areas, researchers measured the gap between the minimum wage and the median wage in those areas if they had a $15 hourly pay floor. Then they compared it to places with a similar gap. That allowed researchers to calculate what might happen in rural counties. They found no negative effects on jobs.”
Later it says
" Another meta-analysis comes in a highly anticipated study forthcoming in the Quarterly Journal of Economics by economists at the University of Massachusetts, University College London, and the Economic Policy Institute. They studied data from 138 cities and states that raised the minimum pay between 1979 and 2016. The conclusion is that low-wage workers received a 7 percent pay bump after a minimum wage law went into effect, but there was little or no change in employment."
And then says that the new study expands on that data. I don’t feel like the reporter knows what they actually did, but I’d want to know that the analysis was on real data, not a prediction based on medians comparisons. Given how many times people have made policy decisions on one faulty paper, I wouldn’t go making policy on this one paper either.
That said, it doesn’t affect us here, so whatever. Raise the minimum wage.
I think we have discussed this already several times. $15 per hour is to little. I suggest a minimum wage of $1000,0000.00. I am open to upward revision.
It didn’t reduce the number of jobs. It just caused hours to be reduced resulting in lower take home pay.
“Not all of them were good. They found that the policy “reduced hours worked in low-wage jobs by 6-7 percent, while hourly wages in such jobs increased by 3 percent … consequently, total payroll for such jobs decreased.” That means the total amount that employers paid to workers was less with the new minimum wage in place than projected payroll if the policy hadn’t gone into effect.”
Reducing hours worked is ok. Overall income is the important thing.
One thing that doesn’t get discussed is how owners fare. Raising wages for workers often means they don’t get a raise at all… for years. then again, maybe that means the business should close since it’s not profitable [sustainable].
It didn’t keep up by inflation either which is more of an issue. These sudden jumps in wages are what kill small businesses. Small increases would be much better.
It’s similar to what happens when people let a tenant stay in their rental at no increase, and then suddenly raise the rent to market or sell the place and the tenant has to find a new place at market. If it was gradual, they’d have either adjusted or moved, but suddenly it’s intractable.
Productivity gains aren’t equal across industries, jobs, etc. Office workers have made the biggest gains thanks to software.
Minimum wage has never been a living wage or enough to support a family. It’s always been below the poverty line for raising a family.
People always think these decisions happen in a vacuum with a single variable. That’s not how the real world works and the unintended consequences are often brutal. Just look at the UAW. Car factories now run with 1/10th the number of line workers.
The issue isn’t minimum wage. It’s that people aren’t putting in the effort to up skill to earn more. There are shortages in plenty of good paying blue collar careers. The median starting salary for people finishing an apprenticeship is higher than the median for college grads.
People forget minimum wage earners are mostly poor, and poor people tend to spend most of their earnings. They are themselves customers of businesses. Putting more dollars in their hands will therefore enhance our economy. It’s not as simple and one-sided as one may assume.
As more states and cities raise their min wage we will have more data in the coming years. As far as I know it’s still an unsettled debate among economists. But besides economics, a highly unequal society is not healthy for a democracy.
I didn’t intend to change the goal, was just showing one of the factor. My question is very simple. 2009 was the last updated min wage,. Keeping aside all the technicalities, multiple variables, software ppl productivity etc. Is it fair to stagnate for over a decade?
Fair is arbitrary and based on opinion. If someone has worked the last 11 years and not managed to get a raise above minimum wage, is minimum wage really the issue on why they aren’t earning more?
My understanding from above statement is, anyone who starts his/ her career needs to remain poor till they attain 11th yr, by then if they are good enough would get into a higher salary?
Raises minimum wage happens every year in California. Economic recovery act for landlords. The effective min wage in California is near $15 already. I can’t find any one to work for less than $30. Higher wages means higher rents