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td1234
td1234

"

IMPACT OF MINIMUM WAGE HIKE

The survey contains extensive analysis of how increasing the minimum wage to $8.75, $10, or $15 would affect multiple business functions, including employment, benefits and a shift toward labor-saving technology (robots). The reported results apply directly to firms with workers that would be affected by a minimum wage hike (e.g., the 10 percent of workers currently earning $8.75 or less, the approximately 25 percent earning $10 or less, and the nearly half who earn $15 or less). Findings include:

  • Few affected firms would lay off current employees if the minimum wage is increased to $8.75 but 46 percent would lay off employees at $15.
  • Future employment growth would be curtailed at 35 percent of affected firms if the wage were set at $8.75, while two-thirds would curtail future hiring at $15.
  • Nearly 20 percent of affected firms would reduce employee benefits or increase product prices if the minimum wage were increased to $8.75; approximately half would do both at $15.
  • About 30 percent of affected companies think their ability to attract higher quality workers and reduce turnover would improve if the minimum wage were increased to $10, while about 40 percent feel the same at $15.
  • In general, firms indicate they could reasonably accommodate a modest hike in the minimum wage to $8.75 but substantial negative consequences would kick in as the wage approaches $10.
  • An ongoing shift away from labor and towards machinery will accelerate if the minimum wage is increased.

“It is important to put these findings in perspective,” said John Graham, a finance professor atDuke’s Fuqua School of Business and director of the survey. “For one thing, these results primarily apply to employees who currently earn less than $10 per hour, which is about one-fourth of the U.S. workforce, according to the Bureau of Labor Statistics. Among firms employing these low-wage workers, the expected effects of proposed minimum wage hikes are dramatic. According to CFOs at these firms, the low-wage employees that increases are designed to help will also bear significant employment risk, potentially losing their jobs as firms implement labor-saving technologies.”

SHIFT AWAY FROM LABOR TOWARDS MACHINERY

Nearly half of all companies surveyed indicate they have already or soon will implement labor-saving technology, which will allow them to maintain production with fewer employees. Among these companies, the average reduction in the needed number of employees is approximately 10 percent (median 5 percent).

"Labor-saving technologies have dramatic and permanent effects," said Fuqua professorCampbell R. Harvey, a founding director of the survey. "Once those jobs are lost, they do not come back. It is very important to note that low-skill jobs are most at risk of being eliminated by labor-saving technologies, with 62 percent of companies with employees earning less than $10 per hour investing in labor-saving techniques. This indicates that low-skill positions are the easiest to eliminate in favor of robots, implying great employment risk to low-skill workers if minimum wage is raised to $10 or $15 per hour.”

“Raising the minimum wage gives the robots a competitive advantage,” says Harvey. “The manufacturing sector is already telling us that spending on labor saving technologies will allow them to shed 11 percent of their current employees over the next five years. Nearly three-fourths of that expenditure is aimed at the jobs with the lowest paid workers. Higher minimum wages will push firms to choose more robots and fewer people.”


http://www.fuqua.duke.edu/news_events/news-releases/1053493/#.VOdKvfnF-So

HeadleyLamar
HeadleyLamar

@td1234 The survey contains extensive analysis of how increasing the minimum wage to $8.75, $10, or $15 would affect multiple business functions, including employment, benefits and a shift toward labor-saving technology (robots).


LOLOLOLOLOLOLOLOLOLOLOLOLOL

fedup52
fedup52

Science has never been wrong there uh chief???

++++++

MM

You must be best educated human in the world.  But one thing is for sure science is a subject and not a human.  Human can be right or wrong.


It doesn't matter what you think about climate change or weather change.  As far as Climate Change is concerned people all around the world have notices there is definitely something wrong with it.  They figured out the cause of it and by God they are working hard to curb the damage. 

MiltonMan
MiltonMan

@fedup52 


...and computer models are a driving force for casual effects of global warming/climate change.  Computer models are developed by humans.  I see bugs in code all the time. 

Smokeyone
Smokeyone

@MiltonMan @fedup52 Even if you doubt climate change why not try and reduce our dependence on oil and other non-renewable energy resources? There are myriad other benefits that would be derived from the effort such as cleaner air and less dependence on ME oil.I don't understand your particular mindset sometimes.

ByteMe
ByteMe

I appreciate the heavy hitters like Jam & Byte but you are nothing more than a wannabe.

I don't know whether to laugh or cry.

fedup52
fedup52

@ByteMe  If you laugh hard enough you will do both.  LOL

Brosephus
Brosephus

Idiot war with Islam sheetz!!

Visual_Cortex
Visual_Cortex

bit late to this...

Seen this one here?

No, Bros, but Rudy's love-troubles are legendary (remember, I was around NYC metro for much of his public heyday and got to experience the myth being deconstructed largely in real time) and it's a perfectly fair knock.

JamVet
JamVet

I see where the disgraced, former Atlanta fire chief Kevin Cochran is in the national news.

It would appear that he was the perversion.

Chortle...

ByteMe
ByteMe

@St_Simons_he-ne-ha Tom Kirby, the "gift" that keeps on giving:

We in Georgia are taking the lead on this issue. Human life at all stages is precious including as an embryo. We need to get out in front of the science and technology, before it becomes something no one wants. The mixing of Human Embryos with Jellyfish cells to create a glow in the dark human, we say not in Georgia. This bill is about protecting Human life while maintaining good, valid research that does not destroy life.

MiltonMan
MiltonMan

@JamVet 


Give the clown his 15 minutes of fame so he can make a few $$$ speaking at clown churches who have him as a "guest speaker" or "special speaker."  This time next year nobody will know who Kevin is.

OriginalProf
OriginalProf

@Tuna Meowt @JamVet 

He's filed a federal discrimination suit against the Mayor/city of Atlanta. More taxpayers' money for the lawyers...more sales of his self-published book.

ByteMe
ByteMe

@JamVet Man, just when Alabama was dominating the national news with their brand of stupid....

St_Simons_he-ne-ha
St_Simons_he-ne-ha

@JamVet wait til you hear about the Republican congressman here that's written a bill to ban glow-in-the-dark embryos cross-bred with jellyfish. No word if they have RF chips in their heads.

Ohhhhh no. Georgia cons elevate stupid where no man has gone before.

TBS
TBS

@Philo_Farnsworth


You found the one black guy you like (for political reasons) or is he the second or third one and now you are all about peace and love among the races

Too funny

bwhahahahahaah

JamVet
JamVet

Speaking of working Americans, the people who made and continue to make this country:

At Vibrant L.A. port, an eerie stillness

That efficiency was largely made possible by the union. Around the harbor communities of San Pedro, Calif., and Wilmington, Calif., ILWU members are simply known as the Longshoremen. (No heed is paid to the gender reference). They are generally held in high esteem in the hierarchy of the waterfront because of their high wages and large sway over port operations. At a time when unions are under siege in the U.S., losing members and making concessions, the Longshoremen have held firm. In negotiations, they have brilliantly traded gains in efficiency for big pay.

The association says the average Longshoreman earns $147,000 a year. They have no co-pays for health insurance. They earn an annual holiday to recognize Harry Bridges, a Marxist whose farsighted leadership led to the power that the union commands today. Yet in the port towns there seems to be more admiration than resentment for the pay, a sense that even blue-collar workers can occasionally get ahead in an economy that increasingly leaves them behind.

Local institutions like Utro's Cafe, a burger joint next to San Pedro's main shipping channel, sport signs in their windows supporting the Longshoremen. ILWU members' buying power has long made them the port towns' best customers, not just for burgers and fries, but for fancy houses, cars and other goods.

http://www.usatoday.com/story/money/business/2015/02/19/west-coast-ports-charm-longshoremen/23687421/

ByteMe
ByteMe

 We can discuss that when / if a minimum wage is actually instituted.

Washington state's minimum wage is currently $9.32, above the Federally mandated minimum wage that's adhered to in Georgia.  Washington's unemployment rate is currently 6.3%, in Georgia it's 6.9%.

Discuss.  Bring real facts instead of stuff you make up to make yourself feel better.

ByteMe
ByteMe

@Philo_Farnsworth Way to duck the issue that a Federal minimum wage causes unemployment.  It does not and anyone who has read the studies about it knows that it does not.

Visual_Cortex
Visual_Cortex

@Philo_Farnsworth

S & L issue, not Fed.

I hope my kid lives to see a day when the states (and the Senate) are more or less abolished beyond some residual bits of pageantry and nostalgia.

For the record.

straker
straker

Lenin - "a cause for legitimate grievances" 


Does that justify forced conversions to Islam and mass murder?

JamVet
JamVet

My long standing embargo (LOL!) of Walmart is now drawn into serious question.

They still pay slave weages, but a classy move on their part.

Perhaps this signals a small win for working Americans in the war in which they have been decimated...


ByteMe
ByteMe

@JamVet They got a lot of bad press concerning how many of their full-time employees had to get federal assistance because they were living well below the poverty line.  Basically instead of offering benefits, they were directing their people to get all the Federal benefits they could.  McDonalds has a "McHelp" line to do the same.  Corporate welfare queens.

Philo_Farnsworth
Philo_Farnsworth

They raised wages on their own without being forced to do so by the heavy hand of an over-reaching government?

Really?

JamVet
JamVet

@ByteMe @JamVet 

Basically instead of offering benefits, they were directing their people to get all the Federal benefits they could. 

Yes, I read about that at length some years back, ByteMe.

But no worries. 

The ascetic conned in the trickle down camp apparently love paying for their "federal assistance"...

JamVet
JamVet

Alas, poor, pitiful Rudi.

So little class and morality that he unwittingly proved we were correct in deducing he was not worthy of sitting in our White House...

Eustis
Eustis

@JamVet  He proved that by the way he cheated on his previous wife.

fedup52
fedup52

@Eustis @JamVet  Remember neither his wife nor his son would talk to him during his campaign.  Real family guy that Rudi is.  Almost reminds me of Ging...

LeninTime
LeninTime

More from Obama's 'anti-terrorism summit': 

The challenge is that there is a strain of thought in the Muslim world that "doesn’t embrace ISIL’s tactics, doesn’t embrace violence, but does buy into the notion that the Muslim world has suffered historical grievances  -- sometimes that's accurate -- does buy into the belief that so many of the ills in the Middle East flow from a history of colonialism or conspiracy; does buy into the idea that Islam is incompatible with modernity or tolerance, or that it's been polluted by Western values." 

***

What say thou to that, cons? I mean, wow!!  A flat out denial of the existence of colonialism as a real fact that is a cause for legitimate grievances not just in the past but today, in a region plundered for centuries by Western imperialism and continuing to be terrorized under US wars? 

Amazing!  Sounds like a man after your own hearts, no? 

It's as if it was one of our clever rubes here speaking. Lol.


MiltonMan
MiltonMan

Global warming got you down Jay?

JamVet
JamVet

@MiltonMan @JamVet 

Not here.

In terms of science, you have never once demonstrated even a modicum of knowledge of or research about the most elementary aspects of climatology.

But the GOP loves you, so it must be worth it...

Tuna Meowt
Tuna Meowt

@MiltonMan @ByteMe "Little too much for you to read APS-educated one????  I will dumb it down just for you sport."


Multiple punctuation FAIL.


See me after class, young man. You're capable of much better work than that.


MiltonMan
MiltonMan

@GaBlue


Like to the party like usual moon bat.  I appreciate the heavy hitters like Jam & Byte but you are nothing more than a wannabe.


Don't like him - vote him out.  Oh never mind.  You live in the 4th district and worship at the altar of Hank Johnson.  Now run along and save Guam.

ByteMe
ByteMe

@JamVet And when pressed on his ignorance, he resorts to word salads and name calling.  Typical troll behavior even for a supposed Tech grad.

JamVet
JamVet

@MiltonMan @JamVet 

Still no refutation of January being above normal temperatures worldwide, so-called Techie?

Cat got your tongue?

You are amazingly uninformed about these matters.

And intentionally...

MiltonMan
MiltonMan

@JamVet


Clueless like every aren't you?  The GOP (neo-cons) don't care for me nor I for them but hey keep trying.  You tell yourself something a couple hundred of times & you start believing it.

MiltonMan
MiltonMan

@ByteMe 


Your favorite word is troll & you accuse others of name-calling? Take your meds.

MiltonMan
MiltonMan

@JamVet


Plenty of times pal but don't let that GT degree fool you fool.

JamVet
JamVet

@MiltonMan 

Yoiks, the town's name is Tucson, not Tuscon!

LOL at me...

JamVet
JamVet

@MiltonMan 

Public ignorance sure does make me chuckle.

Here in Tuscon it was 80 yesterday.

US and global temperatures were far above average in January.

Get some basic education and quit watching what happens in your back yard...

ByteMe
ByteMe

@JamVet Like most trolls, he'll run away and hide after your smackdown.  And then pop up again with another troll-like "concern".

MiltonMan
MiltonMan

@JamVet


Please stay in Tucson - better for us in North Fulton not having you around.  Owl Gore says hello to you little buddy.  His Global Warming documentary a couple years back is probably in your top-10; yet your buddy Jay says that it is not global warming but "climate control".  You must be torn having a crush on both.

MiltonMan
MiltonMan

@ByteMe


Still here clown.  Please tell us all stupid one how does one "hide" on a blog???

MiltonMan
MiltonMan

@ByteMe 


Little too much for you to read APS-educated one????  I will dumb it down just for you sport.

ByteMe
ByteMe

@MiltonMan Oooh, you proved me wrong by sticking around to provide us more word salad for breakfast.  Good for you!

JamVet
JamVet

@MiltonMan @JamVet 

I love you too Miltie.

Especially your command of all things related to science!

Write staggeringly stupid things on a public forum - it is the role you were born to excel at...

And BTW you seem to have, ahem... forgotten to address my facts that makes your childish observation irrelevant.

Go ahead and take a stab at "explaining" that away!

MiltonMan
MiltonMan

@ByteMe


Maybe your wife can toss me one of your diapers for clean-up.



JamVet
JamVet

@MiltonMan @JamVet 

The question is have you ever been correct about anything vis a vis science, son?

GaBlue
GaBlue

@MiltonMan

Ah, but you still have ME, buddy! Haha! Not walking away from equity. I'd say, "see you at the town hall meetings!" but our most fabulously dressed Congressman has been a real chickenshizz lately about facing the public, preferring to phone it in, instead, where he's safe from having to actually mingle with the duped masses.