Semi OT: Min Wage (by S i d [MO]) Nov 7, 2018 5:20 AM|
Semi OT: Min Wage (by NE [PA]) Nov 7, 2018 5:22 AM
Semi OT: Min Wage (by David [MI]) Nov 7, 2018 5:27 AM
Semi OT: Min Wage (by Tony [NJ]) Nov 7, 2018 5:38 AM
Semi OT: Min Wage (by NE [PA]) Nov 7, 2018 5:51 AM
Semi OT: Min Wage (by David [MI]) Nov 7, 2018 5:58 AM
Semi OT: Min Wage (by fred [CA]) Nov 7, 2018 7:18 AM
Semi OT: Min Wage (by David [MI]) Nov 7, 2018 7:23 AM
Semi OT: Min Wage (by NE [PA]) Nov 7, 2018 7:24 AM
Semi OT: Min Wage (by S i d [MO]) Nov 7, 2018 7:45 AM
Semi OT: Min Wage (by David [MI]) Nov 7, 2018 7:54 AM
Semi OT: Min Wage (by David [MI]) Nov 7, 2018 7:56 AM
Semi OT: Min Wage (by Busy [WI]) Nov 7, 2018 8:03 AM
Semi OT: Min Wage (by allyM [NJ]) Nov 7, 2018 8:23 AM
Semi OT: Min Wage (by Sisco [MO]) Nov 7, 2018 9:07 AM
Semi OT: Min Wage (by Ken [NY]) Nov 7, 2018 9:09 AM
Semi OT: Min Wage (by S i d [MO]) Nov 7, 2018 9:34 AM
Semi OT: Min Wage (by Oregon Woodsmoke [ID]) Nov 7, 2018 9:54 AM
Semi OT: Min Wage (by David [MI]) Nov 7, 2018 9:59 AM
Semi OT: Min Wage (by S i d [MO]) Nov 7, 2018 11:27 AM
Semi OT: Min Wage (by pmh [TX]) Nov 7, 2018 1:56 PM
Semi OT: Min Wage (by Ken [NY]) Nov 7, 2018 2:40 PM
Semi OT: Min Wage (by Barb [MO]) Nov 7, 2018 3:07 PM
Semi OT: Min Wage (by nhsailmaker [NH]) Nov 8, 2018 4:19 AM
Semi OT: Min Wage (by John... [MI]) Nov 8, 2018 6:09 AM
Semi OT: Min Wage (by Busy [WI]) Nov 8, 2018 7:29 AM
Semi OT: Min Wage (by S i d [MO]) Posted on: Nov 7, 2018 5:20 AM
Yesterday my state voted to approve an increase in minimum wage. It goes as follows:
Today's minimum wage: $7.85/hr
Min wage as of Jan 1st, 2019: $8.85/hr
Followed by step increases until 2023: $12/hr
53% increase in the cost of basic labor spread over 5 years. This will directly impact my "Class C" market wage earners. It will be interesting to see the fall out. My guess is my rents are going.....UP! ;-)
Anyone else have a similar issue on the ballot? How'd it turn out? Thoughts on the future? --173.20.xxx.xxx
Semi OT: Min Wage (by NE [PA]) Posted on: Nov 7, 2018 5:22 AM
This is going to directly impact the labor
you use to fix places as well. Time to raise your rents. --50.32.xxx.xxx
Semi OT: Min Wage (by David [MI]) Posted on: Nov 7, 2018 5:27 AM
Ne, minimum wage doesn't apply to contractors ;) --166.137.xx.xx
Semi OT: Min Wage (by Tony [NJ]) Posted on: Nov 7, 2018 5:38 AM
I heard minimum wage workers are a very low percentage of workers are at minimum wage - under 3%. Seattle raised theirs to $15/h. Lot of restaurants shut down. These min wage increases will increase the development and implementation of robots. It's a privilege to live in a country where people can change jobs if they're unhappy. Can you tell I'm against raising the minimum wages? --73.215.xxx.xx
Semi OT: Min Wage (by NE [PA]) Posted on: Nov 7, 2018 5:51 AM
David no it doesn't, but I will guarantee you 100% that as soon as the minimum-wage goes up across the board, that the contractors will feel they need to raise their prices as well. And I'm sure it will be way above the percentage established at the minimum wage level. That's how they roll. ;-) --174.201.xx.xx
Semi OT: Min Wage (by David [MI]) Posted on: Nov 7, 2018 5:58 AM
NE, the contractors can "feel they need" a lot of things, a new caddy, steak dinners every night, vacations to disney world. That doesn't mean the supply-demand of their field supports that.
They can raise their prices independent of the minimum wage, there's no reason why wouldn't have already. --198.135.xxx.xx
Semi OT: Min Wage (by fred [CA]) Posted on: Nov 7, 2018 7:18 AM
In my area, day workers reject $15/hr. Now they want $160 a day (8 hrs or less) plus a 30 min lunch of their choice (patron pays). Soon they may ask for am expense account.
They also have a "street union" and enforcers - guys who make sure workers conform, or get beat up for agreeing for less.
Result: I hire less and less of them and do more and more myself. I resent their new attitude, they think that the U.S economy will come to a stop without them. Meantime, they are making less money - I see them still waiting for a job in the afternoons.
Semi OT: Min Wage (by David [MI]) Posted on: Nov 7, 2018 7:23 AM
fred, why not just hire normal contractors that aren't waiting on the street corner? --198.135.xxx.xx
Semi OT: Min Wage (by NE [PA]) Posted on: Nov 7, 2018 7:24 AM
Fred sees it. Just one more reason why I'm starting to paint another apartment today. I won't pay someone $1,200 to paint a 2 bedroom apartment, not including material. It'll take 1.5-2 days.
That's 32 man hours for 2 guys. Sorry, painting isn't worth $37.50 an hour. Combine that with all the other miscellaneous repairs and this turnover would go from $500 In material and a week or so worth of work to 4 grand hire out in no time. NOT WORTH IT! --174.201.xx.xx
Semi OT: Min Wage (by S i d [MO]) Posted on: Nov 7, 2018 7:45 AM
Interesting discussions and angles so far, thanks.
The height of irony to me was the people who supported this issue claimed, "Employers support this wage increase!"
My answer, "So why do we need a law? Why didn't they just pay their workers more?" (crickets)
I think the REAL answer is SOME employers support this wage increase because they know they can absorb it better than their competitors who will be forced out of business once the gun of Govt enforcement is resting against everyone's eyebrows. There will certainly be winners and losers with this increase....we should start to see the fallout in about 3-5 years.
Lots of local retailers saw this coming, though. Kiosk ordering and checkout stands are proliferating in my town. I see them in Wal-Mart, Lowes, Home Depot, McDonald's, etc. Big boys are outsourcing/automating. Mom and Pop may not be able to afford this solution and may have to close up shop. We'll see...
All I know is...there are about 30% of my tenants getting raises. What do you think I'm going to do with my rents? ;-) --173.20.xxx.xxx
Semi OT: Min Wage (by David [MI]) Posted on: Nov 7, 2018 7:54 AM
Those larger employers don't so much support the increase, they have already increase their wages due to supply/demand. So perhaps that person you quote wasn't so precise and should have said "Many large employers already pay that much and aren't opposing it."
As I've said before, large employers already have built-in advantages from economies of scale. They will roll over mom n pops, minimum wage or no minimum wage. --198.135.xxx.xx
Semi OT: Min Wage (by David [MI]) Posted on: Nov 7, 2018 7:56 AM
Which is one reason I'm so hesitant about ever getting into small apartment buildings or even 4-plexes, the retail advantage of SFH (basements, garages, private yard) disappears and you're forced to compete with the big boyz --198.135.xxx.xx
Semi OT: Min Wage (by Busy [WI]) Posted on: Nov 7, 2018 8:03 AM
I get about 30 calls in response to my ads before I find my Ďone.í At that level, its as many responses as I want to handle. If I were to start getting sixty responses, I would definitely jack up prices, just to not have to deal with that demand. So, for those who think higher wages for all means all have a chance to rent a better house, well, I still am not going to deal with people who are NOT working to better themselves above the crowd. If the only way an applicant is getting Ďaheadí in life is when itís government mandated, I am moving the bar to access my well-kept properties.
Good thing I still have a good wait-list, so I maybe wonít have to run any ads. (Yes, I could automate my processes, but, I get too annoyed with computer issues. People skills are my thing, Iíd rather personally interact with a small pool of applicants.) --70.92.xxx.xxx
Semi OT: Min Wage (by allyM [NJ]) Posted on: Nov 7, 2018 8:23 AM
This is part of what happened when the crats tanked the economy in 2006 by giving 200K mortgages to first time home buyers with poor credit. Pelosi and Reid realized that the home buyers were losing the homes and raised the minimum wage three times.
First thing that happens is that all underperforming folks who had been noticed as that by their employeers, get fired. Next the least necessary grade of worker gets fired. In a business that relies on large numbers of lower skilled workers, the sales staff and managers get fired.
In a business with higher skilled and trained employees who are the core of the business, the support staff gets fired and the highly skilled workers take over more of their own support activities which does degrade profitability.
No employer tolerates the goverment giving raises to underperforming employees. This was the nail in the coffin of the Home Buyers program initiated against President Bush's wishes by Pelosi and Reid. The same folks they were trying to buy votes from, got fired. e
Semi OT: Min Wage (by Sisco [MO]) Posted on: Nov 7, 2018 9:07 AM
I have no work for minimum wage workers. I find the job cost gets cheaper as the skill level increases - to a point. A highly skilled, knowledgeable painter is my preference. I can't imagine hiring inexperienced entry level workmen and then hiring a job superintendent for every project. Mistakes and materials and time delays are too costly.
I don't lease my mobile homes to entry level (min wage earner) employees. They are clearly too unstable and temporal. --72.172.xxx.xx
Semi OT: Min Wage (by Ken [NY]) Posted on: Nov 7, 2018 9:09 AM
Bottom line is your rents will go up,i have been through it already,the pay to my employees and contractors went up,my rents went way up which more than offset my additional pay out --72.231.xxx.xxx
Semi OT: Min Wage (by S i d [MO]) Posted on: Nov 7, 2018 9:34 AM
David, interesting perspective regarding employer support of high wages. So now my question changes:
"If employers support the minimum wage increase because they are already paying higher wages, why do we need a law requiring them to do what they're already doing?" --173.20.xxx.xxx
Semi OT: Min Wage (by Oregon Woodsmoke [ID]) Posted on: Nov 7, 2018 9:54 AM
(Shrug) wages go up, expenses go up, rent goes up.
The last time I rented to anyone earning minimum wage was......never.
The risk is that low wage people will get laid off, shrinking the tenant pool, which is never a good thing. Even though they aren't my tenants, they are someone's tenants.
As lower cost units lose tenants, those landlords tend to lower rents. That doesn't necessarily spread upward, although it could possibly if enough people lose their jobs. --174.216.x.xxx
Semi OT: Min Wage (by David [MI]) Posted on: Nov 7, 2018 9:59 AM
The fact that some employers already pay a higher starting wage (walmart, amazon warehouses) and neither oppose or support the increase, is just that , a fact. That person you quoted did not make a precise statement and I attempted to clarify based on what I've read about the campaigns in AR and MO.
It has no implication on whether such a law is "needed" --198.135.xxx.xx
Semi OT: Min Wage (by S i d [MO]) Posted on: Nov 7, 2018 11:27 AM
David...I missed that nuance last time. Thanks for clarifying. --173.20.xxx.xxx
Semi OT: Min Wage (by pmh [TX]) Posted on: Nov 7, 2018 1:56 PM
their wages go up and so will my rents...they can pay more.....win win.... --104.218.xxx.xx
Semi OT: Min Wage (by Ken [NY]) Posted on: Nov 7, 2018 2:40 PM
Oregon Woodsmoke,in my state if the low wage people get laid off they get unemployment then right on welfare and the county will pay the rent.I believe there should be no minimum wage --72.231.xxx.xxx
Semi OT: Min Wage (by Barb [MO]) Posted on: Nov 7, 2018 3:07 PM
There was a staff open forum at my university today. The question of the minimum wage increase came up. The CFO answered that no staff members make minimum wage, they all make more. There are some student employees that make minimum, but many of the students make more than minimum as well, because they have skills that allow them to be paid more than minimum. There are a handful of students, usually on work-study (so federally funded jobs), that are paid minimum. They get a financial award and have to work for the funds. Those students who currently earn minimum wage will receive a raise in line with the law.
it will actually hurt those students, because they aren't awarded X many hours of work, they are awarded $XXX of assistance to be paid for working. If they earn it all, the department they are employed by doesn't have to retain them - the student can end up without a job. Not always, but it has been known to happen.
When my daughter worked at the campus bookstore, she started at minimum wage. After 6 months she received a quarter per hour raise. She stayed there for about 3 years, and earned significantly more than minimum by the time she left there for full time work. --131.151.xx.xx
Semi OT: Min Wage (by nhsailmaker [NH]) Posted on: Nov 8, 2018 4:19 AM
should govt put price controls on all commodities? Labor is a commodity just like wood or sheetrock. All markets for goods or services need to be free
There is never an instance when govt controls a market where the market ends up better
ya can't fix stupid in America - it is taught in public schools --73.114.xx.xx
Semi OT: Min Wage (by John... [MI]) Posted on: Nov 8, 2018 6:09 AM
Sid: To also try to help answer your question... I think some people might argue that a significant number of employers do support the increase, but there are some that still don't, of course. Therefore, the ones that do support it can't just raise their pay -- because then they can't compete with those that don't.
So, it might make sense for employers to support a law that makes everyone raise their pay at the same time -- this allows them to pay their employees more and still remain competitive -- because they don't have some other employers keeping their pay low and therefore being able to undercut them.
That would explain why "employers support higher minimum wage", but a law is still needed to cause them all to change. The statement of "employers support higher minimum wage" doesn't really mean that 100% of ALL employers do.
Hope that helps explain that view.
Semi OT: Min Wage (by Busy [WI]) Posted on: Nov 8, 2018 7:29 AM
The McDonalds where Iíll stop for a warm beverage after gutter cleaning has the self-service kiosks all installed. Wonder how many under -performing people will have their hours cut? There were some really hard workers at that location, but, they were offered better paying jobs with the improving economy, and have moved on/up. So, for the hard workers, there has been a pay raise that coincided with the growing economy. --70.92.xxx.xxx