Bickering when it's not even close to inflation!

all that matters is the quantity of jobs, never the quality.

The price of people's work has surprisingly little effect on how many people are hired. You need the number of people you need.

Of course, as automation increases, this becomes less true. But I don't think the answer to the coming automation employment crisis is to price human skill so cheaply that even a robot can't undercut them. What wage would that be, seventeen cents an hour?

Maybe we could lose some jobs to automation, which would have happened anyway. The best time to raise it is now, with unemployment so low.

The extra wages would be plowed back into consumption, so more furniture sold, more cars, more clothing, better quality food, toys for children, etc.

All that means extra jobs making, shipping, selling, and servicing that stuff.

Even increased sales of used cars would boost the economy, because that raises prices up the chain as well. When fewer good but used cars are in supply, then people are more likely to buy a new car. All of that boosts the economy and create jobs.

The calculation was likely strictly constrained around only the jobs directly affected and not accounting for newly created jobs that result.

It's always bullshit.

First phase takes effect January 1st.

eom

businesses tax rate to the average wage of its employees.
The more employees they have that earn say for example 500% over the federal poverty level then the lower their taxes the more employees they have that earn under that then the higher their taxes.

That's where the job losses will come from. There'll be no one taking your orders anymore. It'll all be robots and touchscreens.

Let it sink in. Let it go nationwide and it'll happen in a hurry.

Workers should be paying employers for the privilege to work for them

...but its probably true.

Price paid for not raising it incrementally every few years.

Rather than complain about it, lets offer solutions. Such as...

1. Extend longer term unemployment benefits, while....

2. Enrolled in a public Community College.

At least they won't be working 50-60 hours a week at two or more minimum wage jobs. Refusing to raise the minimum wage has created this economic shock.

Raise corporate taxes and increase the earned income tax credit.

Their taxes are actually paid by people who buy their products. A simplified answer.

Let’s say $350/hour. Lower if we want even more millions of jobs.

This is in line with what the economic research suggests.

I think we're barking up the wrong tree. I think raising the earned income tax credit (with a corresponding business tax increase to pay for it) is a much better way to put money in people's pocket, as it eliminates wages as a factor when businesses decide on whether or not to hire.

In Seattle, the much-ballyhooed-lost-jobs chant from local RW outrage-port disc jockeys made the same prediction. It became law anyway and, guess what? It had no negative effect at all. Isn't it funny how, when people have more money to spend, business actually expands! Really!

while labor built this country, greed will destroy it.