"A family with two kids that earns the minimum wage still lives below the poverty line. That's wrong... Tonight, let's declare that, in the wealthiest nation on Earth, no one who works full time should have to live in poverty, and raise the federal minimum wage to $9 an hour."
Immediately the idea was embraced by the left. Those on the right who objected, were considered elitist haters willing to trample the poor in pursuit of the mighty buck. Suffice it to say, caring about humanity and objecting to the proposed minimum wage hike are not mutually exclusive.
Peter Schiff of president & CEO Euro Pacific Capital isn't likely to cool the heated rhetoric but he does know how to make his point. Characterizing the proposal as the "stupidest" of the President's ideas, Schiff says a hike in the minimum wage would have exactly the opposite of the intended effect. "It's not going to lift the wages of workers," Schiff says in the attached video. "What it's going to do is diminish employment opportunities."
Companies paying minimum wage aren't necessarily rapacious. Being a cashier at Wal-Mart (WMT) or McDonalds (MCD) was never supposed to be considered a lifelong full-time job. However that makes one feel, is beside the point. It's capitalism. A higher minimum wage means lower margins. When you raise hiring costs you reduce the number of jobs available. Period.
"What we really should do is completely abolish the minimum wage, that would make a lot of sense," says Schiff, using Singapore as an example of a strong economy with no minimum wage. "We didn't have a minimum wage for most of American history. It's something that started in the 20th Century. It was a bad idea and we ought to admit that it was a bad idea and get rid of it completely."
Beyond the standard political rhetoric, the President's $9.00 proposal is flawed at its heart. Obama is right that it's a travesty for Americans working full-time to live in poverty. If the solution is a higher minimum wage, Obama isn't going nearly far enough at $9 an hour.
Putting minimum wage on the table for national discussion is the right thing to do. What's not right is for a second-term President to waste the opportunity he has to make a real difference. By pegging $9 to inflation Obama takes minimum off the table for years to come. He's squandering the one shot the Left has to do something meaningful.
Impacted employees include not only those whose pay range minimum was moved to $15 an hour, but also those whose pay range minimum was increased above $15 an hour to account for rate differences between positions, employee experience, education, and other factors.
David Neumark & Peter Shirley, 2022. "Myth or measurement: What does the new minimum wage research say about minimum wages and job loss in the United States?," Industrial Relations: A Journal of Economy and Society, vol 61(4), pages 384-417.
Legislative opportunities for the U.S. to conform with new international minimum tax rules aren't likely to emerge for a few years, when the expiration of domestic tax cuts may coincide with the foreign taxation of U.S. multinationals under the global regime.
. . .
Given the critical mass of countries that have at least voted to enact the minimum tax, the hope is that U.S. companies now go to Congress, according to Peter Barnes, former senior tax counsel at General Electric Co.
Minimum viable philosophy. I first saw this phrase from street photographer Eric Kim. The term is borrowed from the business technique of having a "minimum viable product," creating the most basic product version, including only the essential features to satisfy early customers. Once the product meets the market, gather feedback and iterate. With a minimum viable philosophy, once one's current philosophy meets reality, gather feedback and iterate.
The problem with many people who do philosophy online is that they have a philosophy with too much propositional architecture and argumentative bloat. As metamodern philosopher Jonathan Rowson says, the world is deliciously complex; to appreciate its deliciousness while navigating its complexity, we must keep our premises lean, giving zero fucks about what does not matter so we can provide full fucks about what does. Like Eric, my minimum viable philosophy has a Stoic inspiration.
Each person's journey toward less foolishness will be radically different, bespoke to them, and expressed with different theoretical perspectives because everyone has different capacities, circumstances, and callings. My "brand" of Stoicism is a minimum viable philosophy: all that is needed is an orientation to less foolishness, a blank page to write on, and the courage to meet reality with the philosophy one has, gather feedback and iterate.
If you like to create your minimum viable philosophy, there is no better way than doing so during a journal session. Become a paid subscriber and join those becoming less foolish at Collective Journalling, a 90-minute Zoom practice at 8 AM ET on weekdays with communal silence, chat check-ins, breakout room connections, and optional passage sharing.
Minimum viable philosophy. I first saw this phrase from street photographer Eric Kim. The term is borrowed from the business technique of having a \\\"minimum viable product,\\\" creating the most basic product version, including only the essential features to satisfy early customers. Once the product meets the market, gather feedback and iterate. With a minimum viable philosophy, once one's current philosophy meets reality, gather feedback and iterate.
The problem with many people who do philosophy online is that they have a philosophy with too much propositional architecture and argumentative bloat. As metamodern philosopher says, the world is deliciously complex; to appreciate its deliciousness while navigating its complexity, we must keep our premises lean, giving zero fucks about what does not matter so we can provide full fucks about what does. Like Eric, my minimum viable philosophy has a Stoic inspiration.
Each person's journey toward less foolishness will be radically different, bespoke to them, and expressed with different theoretical perspectives because everyone has different capacities, circumstances, and callings. My \\\"brand\\\" of Stoicism is a minimum viable philosophy: all that is needed is an orientation to less foolishness, a blank page to write on, and the courage to meet reality with the philosophy one has, gather feedback and iterate.
Snow Tubing is so much fun and anyone can do it. We even have Little Tikes Tubing designed for children not quite ready for the Big Hill. As a part of our tubing team you will assist customers on the tubing hill, help with opening and closing procedures and ensure the safety of everyone involved. Come with a smile, love of the cold, and lots of energy, as this job requires you to have fun! Prefer ages 16 and up, but will hire the right 15-year old. Also seeking 18 and older attendants. The pay range is between minimum wage and $25 per hour.
Do you love to ski and want to share that passion with others? As a family operated mountain with the true family feel, we are a great place to learn and improve skills. There is no one better to teach than those that love to do, so click in and join our guests on the snow for a rewarding winter season. Must be 14 years or older. The pay range is between minimum wage and $25 per hour.
Mount Peter is hiring a daytime weekday and weekend Rentals Technician. Duties to include: fits skis and snowboards boots, adjusts bindings and instructs guests in equipment function, maintains cleanliness of rental shop, snow removal of walkways, stays current on daily mountain reports and general mountain information, and pre-sets rental equipment for groups. The pay range is between minimum wage and $25 per hour.
Mount Peter is looking for EMTs. Job duties includes assisting guests with medical issues and emergencies, participate in accident investigations, assist Mountain Operations with daily tasks as necessary, stay current on daily mountain reports and general information, maintain cleanliness of equipment, transport packs, and first aid room, restock supplies used after each incident, and attend in-house and outside training as required. The pay range is between minimum wage and $25 per hour.
Are you an EMT who skis or snowboards and would like to combine the two? Mount Peter is the perfect place for you. We are looking for staff with a caring heart and hand to help us ensure the safety of our guests and to respond to incidents in a safe and calm manner. Duties include assisting guests with medical issues and emergencies, participate in accident investigations, assist Mountain Operations with daily tasks as necessary, stay current on daily mountain reports and general information, maintain cleanliness of equipment, transport packs, and first aid room, restock supplies used after each incident, and attend in-house and outside training as required. The pay range is between minimum wage and $25 per hour.
This key position at Mount Peter is one of the most important. We are currently hiring men and women with a friendly demeanor to promote a fun atmosphere and safety of all our guests. Duties include but are not limited to assisting in loading and unloading the lift, maintaining lift areas including shoveling, raking and picking up trash, verify guest ticket or pass, communicate safety concerns to appropriate management, ensure guests have proper equipment, communicates with guests and ski patrol, line control, and completes daily lift paperwork. The pay range is between minimum wage and $25 per hour.
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