Well well well NYC, you depressed, extremely low paid employees are finally about to get the minimum wage to the amount that frankly, should have happened over 7yrs ago. The increase that was left in the dust of MTA’s ridiculous, unfair fare increases, and the housing markets record breaking 150% rent increases yearly for the last 10 years
The once ‘regulated’, NYC housing markets, rapid rent increases, with the compliance of crooked, greedy realtors… The realtors that didn’t care if a single adult, or small family of 3 would be able to afford even so much as a studio apt. w/o having to share a one room apartment the size of a standard bathroom (sarc).
Lets not forget the infamous, piss smelling 🚊 that is constantly under repair and repetitive train delays after the next. Could it be from over 100yrs of severe city representative and transit board neglect, a lack of MTA employees, and or a lack of overall organized functionality with ancient engine technology. I mean come on, we all can agree “the litengine that could”🚂 is more reliable. 😆
Apparently this wage increase is one of the most well deserved, if corporate welfare doesn’t decide to lay off half the city of minority only workers just for the heck of it. 🤷🏽♀️ Who knows what shenanigans will be pulled as a result of company’s desired profit margins or unrealistic goals. Which explains why there are so many mainstream news sites reporting fear based articles against this minimum wage hike thats about equivalent to that of half of a penny in the city of NY (sarc).
Mr. Jerry Skillett, CEO and co-founder of Manhattan-based Citizens Parking, which includes Icon and Quik Park in New York City, seems to be a medium sized business, but a step ahead of the federal government with fair wages.
“Late last year, well before the mandated hike, I increased salaries for all our low-wage earners. I believe in our employees and want to ensure we were providing them compensation that will allow them to provide for their families in today’s economy.”
“The positive impact of wage increases for employees’ morale and quality of life is substantial. In my opinion it outweighs concerns about increased costs of doing business in New York. As New Yorkers, we rely upon one another every day for so many things—from our morning paper and coffee, to our parking spot or subway ride, to our after-work drinks at a favorite watering hole. The people who provide these services and amenities are vital to our success and comfort, and we are vital to their success and comfort as well. We have chosen to fully embrace the change so we all may succeed together. By continuing to provide top-notch service while simultaneously treating our employees honestly, starting with a fair paycheck, we will weather any potential blowback and demonstrate to all sides of our business that we are welcoming the future.”
Read more at https://www.crainsnewyork.com/article/20171003/OPINION/170929900/why-new-york-s-minimum-wage-hike-is-good-for-business (October 3, 2017)
Not only did Mr. Skillet do it first, but he did it and proved that it works and has continued to be successful with his business of over 36 years.
Okay so lets dig a little deeper for some that need a little more convincing data than just than Mr. Skillet has proven with his business…
A study in the University of California in Berkley has apparently explored the effects of minimum wage hikes and especially on the restaurant industry. The study claims that the minimum wage increases in 6 major cities have not had a negative impact on jobs. The concern about employment rates dropping, that many news articles are putting out there has been unfounded.
”A report released Thursday by the University of California—Berkeley’s Center on Wage and Employment Dynamics (CWED) shows that, at least at the city level, that hasn’t been the case. Researchers looked at the first six large cities – Chicago, Washington, Oakland, San Francisco, San Jose and Seattle – to raise their minimum wage above $10 per hour. More specifically, they studied U.S. Bureau of Labor Statistics data on the food service industries (a sector the authors say is comprised largely of minimum-wage employees) in these cities from 2012, before minimum wages surpassed $10, and again in 2016. The purpose: to see if workers’ earnings were in fact increasing, and if the policies were causing job losses.
“Overall, we find that (the policies are) working as intended. Thus far, they’re raising the earnings of low-wage workers without causing disruption in the labor market,” Sylvia Allegretto, a labor economist, co-chair of CWED and co-author of the report, tells U.S. News.
“We haven’t seen any significant employment losses due to these minimum wage policies, but we do see positive and statistically significantly earnings effects,” she says. Allegretto adds that she was not surprised by the findings, since they are in line with other research on minimum wage.”
Read more in depth about this at https://www.usnews.com/news/best-states/articles/2018-09-07/minimum-wage-increases-didnt-impact-jobs-in-6-us-cities-study-shows (September 7, 2018)
Evidently we have studies showing an overall positive effect and outcome, yet a few caught putting out false and or biased reports. According to PBS NewsHour’s Alan Krueger of Princeton University, Myths die hard! And there is absolutely no evidence to back that assertion that national polls of about 14 candidates weighed in on the discussion, saying, “Every time we raise the minimum wage, the number of jobless people increases.”
“Trump’s advice to low-wage workers was just as ignorant. “People have to go out; they have to work really hard and have to get into that upper stratum.” He should tell that to the woman who was working so hard to make ends meet that she died from fumes in her car while napping in between shifts. Hard work used to be a means of social mobility, but not anymore. Not on $7.25 hour.”
Those against raising the minimum wage often argue that it will hurt young people the most and that they “need the experience” of working at the minimum wage.
Lucky enough to be born into a millionaire family, how could he know what it feels like to keep one’s head above water as the 1.3 million people working at the current federal minimum wage of $7.25 an hour do? Even if one can work full-time, after state and federal taxes and Social Security and Medicare deductions, one is lucky to retain $225 a week or $12,000 a year, which is precisely the threshold of poverty for a single person. Welcome to the world of the working poor. No chance of paying rent and taking care of dependent children on that kind of salary. As a matter of fact, you’d be barely surviving.
The billionaire fails to realize that the real minimum wage (that is, the minimum wage adjusted for inflation) has been declining steadily and precipitously. If adjusted for inflation, the minimum wage of 1968 would be $10.90 today. That is a whopping reduction of the federal minimum wage by a third. It’s worth noting that the unemployment rate was 3.6 percent in 1968 with a higher real minimum wage. So the unemployment rate is higher today — at 5 percent — than it was in 1968, while the real minimum wage is lower today than it was in 1968.
Moreover, the minimum wage in the U.S. is well below that of other advanced countries. The Economist estimates that the minimum wage should be about $12 an hour in the U.S based on our GDP. That makes a lot of sense, especially because $10.90 would put it just where it was in 1968. If we add a little extra to the minimum wage for the growth in productivity, $12 seems to be a conservative estimate of where the lower bound of workers’ wages should be.
But notice that the youth unemployment rate in Germany is 7.8 percent, and in Switzerland, it is 8.5 percent. In contrast, youth unemployment is 15.5 percent in the U.S., even though the U.S.’s minimum wage (using Purchasing Power Parities exchange rates) is below that of these Germany’s and Switzerland’s $10 and $9.20 an hour respectively. In other words, both have higher minimum wages, but much lower youth unemployment rates. Their overall unemployment rate is also lower: 4.5 percent and 3.4 percent, respectively. The minimum wage makes no difference on unemployment.”
Read more at https://www.pbs.org/newshour/economy/why-raising-the-minimum-wage-is-good-economics (December 15, 2015)
Therefore, as the data proves, the highly expensive city if NY should actually be at a minimum wage of at least $21 an hour respectively, and the country have minimum wage no lower than $12 and hour across the boarder.
Hey 👋🏾 billionaires wheres all the extra surplus that created this high unemployment rates that hit minorities the hardest due to aged old biased, racist corporate employment practices? All the homelessness, and this offshore, off-the-books work for illegal and undocumented immigrants that seem to be also able to collect, federal govt. assistance, free housing and all the benefits of being a U.S. citizen, even without citizenship??? Crickets 🦗 🦗🦗