this post was submitted on 14 Feb 2024
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[–] Saik0Shinigami@lemmy.saik0.com 0 points 10 months ago* (last edited 10 months ago) (1 children)

Shit just read some more... All of page 8 is a problem.

In 2025, when the minimum wage reached $15 per hour, employment would be reduced by 1.4 million workers (or 0.9 percent), according to CBO’s average estimate. In 2021, most workers who would not have a job because of the higher minimum wage would still be looking for work and hence be categorized as unemployed; by 2025, however, half of the 1.4 million people who would be jobless because of the bill would have dropped out of the labor force, CBO estimates. Young, less educated people would account for a disproportionate share of those reductions in employment.

If you think this is a positive answer to anything... I can't help you. We already have problems with this in some sectors (IT specifically as that's what I have the most experience with). It's hard to get into positions as they all want stupid high qualifications. Now that's going to get worse? Sign me up as hard against this legislation outright. You've actually convinced me to be against this more than I already was.

Edit: Also another case... people who are borderline and get benefits would likely lose their benefits... So their overall income may not increase much at all... you paper brings that up.. which I usually forget about.

[–] Saik0Shinigami@lemmy.saik0.com -2 points 10 months ago

Do you want to elaborate why you're downvoting me for reading the report given to me? Did I get something wrong? Care to actually contribute than just drive by downvoting?

@Labrad0r@lemmy.world @daltotron@lemmy.world