LA labor leaders push hard for $15 mim wage, but hold on a second...

[dead0man]

L.A. labor leaders seek minimum wage exemption for firms with union workers

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and my favorite part

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Indeed.  Except you don't need to be under a collective bargaining agreement for that to be a good thing.

[King]

Stupid.

[Lief 🗽]

Makes sense but the optics of it are bad.

[BaconBacon96]

What a silly union.

[RFayette]

I don't have a huge problem with a $10.10 minimum wage, because the market price for unskilled labor is such that this price floor wouldn't result in too much job loss.  On the other hand, evidence like this shows a $15 minimum wage can be a real problem for the marginally employed.  An effective or binding price floor on labor will result in an increase in unemployment, and $15 is just going too far.

[MaxQue]

L.A. labor leaders seek minimum wage exemption for firms with union workers

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and my favorite part

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Indeed.  Except you don't need to be under a collective bargaining agreement for that to be a good thing.

If you think a single employee has enough clout and power to be able to reach a fair deal with an employer, you're quite naive, dead0man.

[Joe Republic]

All I wish to add to this discussion is that 'Rusty Hicks' is the perfect name for a union boss.

[Small Business Owner of Any Repute]

I don't have a huge problem with a $10.10 minimum wage, because the market price for unskilled labor is such that this price floor wouldn't result in too much job loss.  On the other hand, evidence like this shows a $15 minimum wage can be a real problem for the marginally employed.  An effective or binding price floor on labor will result in an increase in unemployment, and $15 is just going too far.

Prices and wages tend to be higher in cities, as often are the requirements to live there. I have no problem with big expensive cities like LA experimenting with higher minimum wages than most other places.

[retromike22]

All I wish to add to this discussion is that 'Rusty Hicks' is the perfect name for a union boss.

Wait.... that name....

(doing online research) I've met that guy. It was twice back in 2011. He was really nice and informative.

[CountryClassSF]

Rusty Hicks - how gangsta

[The Mikado]

This move is cynical and pretty much indefensible, to be honest.

[Donerail]

Yglesias with the explainer:

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[RFayette]

I don't have a huge problem with a $10.10 minimum wage, because the market price for unskilled labor is such that this price floor wouldn't result in too much job loss.  On the other hand, evidence like this shows a $15 minimum wage can be a real problem for the marginally employed.  An effective or binding price floor on labor will result in an increase in unemployment, and $15 is just going too far.

Prices and wages tend to be higher in cities, as often are the requirements to live there. I have no problem with big expensive cities like LA experimenting with higher minimum wages than most other places.

OK, perhaps $12 or $13 would be better?  But if we're at a point where unions want to negotiate lower wages, then we've overshot. 

[Simfan34]

Yglesias with the explainer:

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"Explainer".

[AggregateDemand]

I don't have a huge problem with a $10.10 minimum wage, because the market price for unskilled labor is such that this price floor wouldn't result in too much job loss.  On the other hand, evidence like this shows a $15 minimum wage can be a real problem for the marginally employed.  An effective or binding price floor on labor will result in an increase in unemployment, and $15 is just going too far.

True, if you're comfortable with all of the jobs that have already been tossed in the bin. BLS estimates employment for 16-19 demographic to be 33% of what it was in the 1970s. We got away with minimum wage in the 1970s because we had no international competition. Lack of competition isn't the case today. Furthermore, what good did min wage do when Democrats raised in gratuitously in 2007? It didn't stop the recession and it made the sticky wage problem more acute.

Min wage is the laziest policy available to law makers. It allows them to shift their Constitutional obligations onto the private sector.

[RFayette]

I don't have a huge problem with a $10.10 minimum wage, because the market price for unskilled labor is such that this price floor wouldn't result in too much job loss.  On the other hand, evidence like this shows a $15 minimum wage can be a real problem for the marginally employed.  An effective or binding price floor on labor will result in an increase in unemployment, and $15 is just going too far.

True, if you're comfortable with all of the jobs that have already been tossed in the bin. BLS estimates employment for 16-19 demographic to be 33% of what it was in the 1970s. We got away with minimum wage in the 1970s because we had no international competition. Lack of competition isn't the case today. Furthermore, what good did min wage do when Democrats raised in gratuitously in 2007? It didn't stop the recession and it made the sticky wage problem more acute.

Min wage is the laziest policy available to law makers. It allows them to shift their Constitutional obligations onto the private sector.

Most teens are students and choose not to have a job......my parents discouraged me from getting one (until now) as they wanted me to focus on academics.  This is more of a cultural shift if anything.

[🐒Gods of Prosperity🔱🐲💸]

Yglesias with the explainer:

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Yes, there is a certain logic to it.  Except that, it implicitly recognizes that there may be other considerations which may be more important to a worker than receiving a certain amount in pay- which is precisely the possibility which the minimum wage would deny.  And while the collective in the form of the union has more power to effect, on the other hand it may not accurately reflect the needs and desire of the individual.

[Ebowed]

Yglesias with the explainer:

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Yes, there is a certain logic to it.  Except that, it implicitly recognizes that there may be other considerations which may be more important to a worker than receiving a certain amount in pay- which is precisely the possibility which the minimum wage would deny.  And while the collective in the form of the union has more power to effect, on the other hand it may not accurately reflect the needs and desire of the individual.

I'm not sympathetic to the union, but what you said here gave me some pause.  Ultimately, in a specific instance where a union is able to negotiate certain benefits (as an example, 6 months paid parental leave and 2 months paid annual vacation) they may be able to justify paying slightly below $15/hr.  But to be sure, the safest way to protect the general population who probably do not have a good union fighting for them is to mandate a $15/hr minimum wage.  It only takes a few bad outcomes to create a situation where workers would be offered food and accommodation to make up for lost pay.

[SWE]

dead0man, you are posting on an Internet forum, not Buzzfeed. Please consider this when selecting titles for your threads.

[© tweed]

for a long time now, unions have agreed to concessions on wages-hours-working conditions that would be illegal but-for the fact the union agreed to it in a CBA.  see: salary caps/maximum salaries in sports.