It must sting recent college grads the most, I think. Most menial office workers would start off barely above that level, while some high school dropout flipping burgers is ballin' just as hard as you.
They will be ballin' at the same level. Unless you think entry level jobs will start paying $20-25 an hour. On the plus side, the lower class will have more money, so they can afford to pay higher rents. :MARIS61:
College grads will now be competing with high-school drop-outs for jobs. Why stop at $15? How about $25/hour? That's more livable than $15.
Inflation. crazyness. everything from bigmac's to the daily starbucks is going to go up. end result, you may end up getting more money but everyday things around your town now cost more.
It's a pretty simple concept. I live in a few hundred thousand dollar house here in the Houston area. That buys me about 4500 square feet with a 1/2 acre and a pool in a great school district. If I go to New York and spend the same money, I am in a cramped apt with a rodent problem
Hmm ... I withdraw my negative comments about Houston. What are prices like in The Woodlands these days?
I think there should be a maximum wage. Make it $16.00 per hour. Then everyone will make almost the same. Everything will be fair and equal.
Its a less attractive option because you can still make $15 an hour, minimum without even a high school diploma. Sitting in a chair, supervising something. I'm also thinking that Seattle will get an influx of people from other areas with no skills, hoping to get any job since the pay is probably 40% higher than what they'd usually get. It would cause more competition for the jobs and higher unemployment.
!5 bucks/hr; legal marijuana . . . you can flip burgers and afford to get high all the time . . . Washington is starting to look very attractive.
That's what I posted. College grads w/out jobs are going to be competing for a barista job with HS drop-outs. As a business owner, I'd take the HS dropout and hope it works out, because the college graduate is going to be looking to move from the coffee shop if they can get $16/hour in a non-service job.
Depends on the person, but I'll take the college grad looking to prove themselves. Yes they could move on (so could the flakey HS dropout) . . . or maybe you find you next assistant manager. Interesting idea, if you are going to have to pay $15/hr, you might get a better selection of applications
We have a "better selection of applicants" now where people are underemployed. People with MBA's and advanced degrees taking low level jobs and part time gigs because there is too much competition for the higher end and they are overqualified for lower level jobs. Also, how much more is that coffee going to cost you knowing that the guy pouring it is making 40% more than he was.
I'm talking about a local coffee shop with 14 employees, not Starbucks. I'd hire some idiot who at least will show up every day over rotating in a series of college grads moving to Seattle to get service jobs.