https://padlet.com/sewiltse20/8o1gp53usxo9 en-us 2017-04-17 16:41:18 UTC 2025-11-03 06:48:52 UTC hello@padlet.com sewiltse20 https://padlet.com/sewiltse20/8o1gp53usxo9/wish/166586913 http://www.pbs.org/newshour/making-sense/why-raising-the-minimum-wage-is-good-economics/]]> 2017-04-17 16:47:46 UTC https://padlet.com/sewiltse20/8o1gp53usxo9/wish/166586913 sewiltse20 https://padlet.com/sewiltse20/8o1gp53usxo9/wish/166587504 "With over 1.3 million people working at the minimum wage of $7.25 an hour, including full time work, one would be barely surviving after all of the required payments."]]> 2017-04-17 16:50:27 UTC https://padlet.com/sewiltse20/8o1gp53usxo9/wish/166587504 sewiltse20 https://padlet.com/sewiltse20/8o1gp53usxo9/wish/166588997 The minimum wage has been steadily declining, when adjusted for inflation, the minimum wage of 1968 would be $10.90 today. ]]> 2017-04-17 16:56:35 UTC https://padlet.com/sewiltse20/8o1gp53usxo9/wish/166588997 sewiltse20 https://padlet.com/sewiltse20/8o1gp53usxo9/wish/166809421 The unemployment rate of 1968 was 3 percent. Today is 5 percent.]]> 2017-04-18 16:23:11 UTC https://padlet.com/sewiltse20/8o1gp53usxo9/wish/166809421 sewiltse20 https://padlet.com/sewiltse20/8o1gp53usxo9/wish/166809571 Next to 1.3 million people working at the minimum wage, there's another 1.7 million working BELOW the minimum wage (tipped employees). Then there's the 21 million working just over the minimum wage, but lower than 10.]]> 2017-04-18 16:23:41 UTC https://padlet.com/sewiltse20/8o1gp53usxo9/wish/166809571 sewiltse20 https://padlet.com/sewiltse20/8o1gp53usxo9/wish/166812177 Most of the people working under $10 an hour work as cashiers in grocery and department stores, retail salespeople, cooks, janitors, cleaners, and waiters/waitresses]]> 2017-04-18 16:30:42 UTC https://padlet.com/sewiltse20/8o1gp53usxo9/wish/166812177 sewiltse20 https://padlet.com/sewiltse20/8o1gp53usxo9/wish/166814552 People argue that raising the minimum wage would hurt the young people and how they need experience with the minimum wage, but Germany and Switzerland's youth unemployment rates are significantly lower than the United States']]> 2017-04-18 16:37:41 UTC https://padlet.com/sewiltse20/8o1gp53usxo9/wish/166814552 sewiltse20 https://padlet.com/sewiltse20/8o1gp53usxo9/wish/167531687 Profits would not be in jeopardy, since corporate companies register about $1.8 trillion after tax]]> 2017-04-21 16:20:12 UTC https://padlet.com/sewiltse20/8o1gp53usxo9/wish/167531687 sewiltse20 https://padlet.com/sewiltse20/8o1gp53usxo9/wish/167532576 "Think of it this way: You’re running a McDonald’s selling 1,000 hamburgers a day. You make, say, 75 cents on each Big Mac costing $3.99. Will you raise its price by a nickel to $4.04 in order to make up for an increase in the minimum wage? That would be silly, because $4.04 is not an attractive number, and you’d lose too many sales as a consequence. Rather, you’d be satisfied with a lower profit margin on a Big Mac of 70 cents. But you notice that the Big Mac Meal is selling for $5.69; that gives you the opportunity to raise its price to the next attractive number of $5.75 in order to make up for the increased cost of labor."]]> 2017-04-21 16:24:01 UTC https://padlet.com/sewiltse20/8o1gp53usxo9/wish/167532576 sewiltse20 https://padlet.com/sewiltse20/8o1gp53usxo9/wish/167533259 The OVERALL unemployment rate for Germany and Switzerland is lower than that of the US. 4.5 and 3.4 percent. The US stands at 4.9 percent]]> 2017-04-21 16:26:35 UTC https://padlet.com/sewiltse20/8o1gp53usxo9/wish/167533259 sewiltse20 https://padlet.com/sewiltse20/8o1gp53usxo9/wish/167533822 The unemployment rate of the US was 3.6 percent, with a solid 4.9 today]]> 2017-04-21 16:28:42 UTC https://padlet.com/sewiltse20/8o1gp53usxo9/wish/167533822