Glancing at the “study website” it is clearly coming from the “pro” side, and the “publication” is a whitepaper, so it’s more “sciency” than science, unfortunately.
See US Labor market from bottom up — a syllogism in four parts
If America’s highest labor costs firms (low pay type – not medical) could afford to fork over $15/hr wages (practical example: fast food with 25% labor costs — $15/hr minimum wage would pump prices about 10% in Chicago where I live – but gotta eat)
— and —
if no more than 10% of US labor force works for such highest labor costs businesses (I’d hazard a guess, substantially fewer)
— and —
if 40% of US workers presently earn less than $15/hr (most, substantially less)
— then —
at least 30% of our workforce (for sure, substantially more) are receiving punishingly lower wages than consumers would willingly support, were employees able to (collectively) withhold their labor for a better price. http://fortune.com/2015/04/13/who-makes-15-per-hour/
Remedies for long (illegally) lost bargaining power?
EITC: Shifts 2% of overall income ($70 billion out of $13 trillion) while 40% or our workforce earns 11% of overall income ($1.4 trillion).
Minimum wage(s): If Americans of 1968 could have been foretold that the 2019 fed min wage would be shorter by $5/hr ($12/hr then), what catastrophe could they have conjured up that could lay such waste to future incomes (doubling per capita expected over 50 years, since the industrial revolution): a comet strike, a limited nuclear exchange, multiple world plagues?! :-O https://data.bls.gov/cgi-bin/cpicalc.pl?cost1=1.60&year1=196802&year2=201901
Restoring (ever diminishing) labor union density (under 7% private now): One stop shopping:
Why Not Hold Union Representation Elections on a Regular Schedule? Andrew Strom — November 1st, 2017
“Republicans in Congress have already proposed a billthat would require a new election in each [private employer] unionized bargaining unit whenever, through turnover, expansion, or merger, a unit experiences at least 50 percent turnover. While no union would be happy about expending limited resources on regular retention elections, I think it would be hard to turn down a trade that would allow the 93% of workers who are unrepresented to have a chance to opt for unionization on a regular schedule.”
It only dawned on me while writing this, why Strom’s eminently sensible union certifying proposal – politically perfect, too, for repatriating prodigal blue collar Dems – failed to gain any traction. Progressives have been looking at this whole inequality thing from the middle class, down – from top, down – where lost collective bargaining power appears but one component in a complex narrative. Looking from bottom up, the story couldn’t look plainer and simpler, from McDonald’s (25% labor costs) to Target (15%) to Walmart (7%): zero haggling power.
40% — 50%, 60%, 70% (?) – of our workforce unconscionably underpaid; that’s a helluva bottom.
A number of people have been suggesting the establishment of a “uniform basic income” for all Americans (presumably citizens). Should that occur, what is the likelihood, if any, that businesses would simply raise prices to essentially reestablish the present income disparity in terms of purchasing power? I guess I’m thinking inflation.
Cut about $300B a year from the pentagon US still twice China* and more than Thrice Russia*. Only a few less empire outposts. Stop defending national interests, which have n use to anyone with NW less than $2M and nothing to do with freedom much less the “common defense”.
*Only their MIC’s much more productive than yours.
UBS wont keep people out of street gangs (100,000 in Chicago) — Americans won’t show up to work for $10/hr. I wouldn’t. I didn’t.
Taxi driving in Chicago got down $10/hr (representational — not sure literally). One 30 cent rise in the meter mileage rate in 16 years — beginning at 1990 midpoint, started adding 40% more cabs, unlimited livery, free trolleys between all the hot spots downtown and building subways to both airports.
I didn’t join a gang. I moved to San Francisco to hack. I left behind free rent and utilities in mama’s spacious apartment down the block from a spacious park and golf course and free use of my brother’s Lincoln Town Car. Swapped that for a residence hotel where the electricity in the one socket in your room went off four or five times a day and the elevator went out once a week. But, I was making $20/hr with the hope of $25 — I’d figure out the rest later.
Americans wont slave for $10/hr. That’s why USB won’t put many back to work. Scary your thesis though — shows a true working knowledge of the market. High union density ought to take care of the squeeze-power part though — and maybe get most jobs up to at least $20/hr.
“Republicans in Congress have already proposed a bill that would require a new election in each unionized bargaining unit whenever, through turnover, expansion, or merger, a unit experiences at least 50 percent turnover.
whenever, through turnover, expansion, or merger, a unit experiences at least 50 percent turnover
whenever, through turnover, expansion, or merger, a unit experiences at least 50 percent turnover
whenever, through turnover, expansion, or merger, a unit experiences at least 50 percent turnover”
https://www.theguardian.com/money/2019/feb/19/four-day-week-trial-study-finds-lower-stress-but-no-cut-in-output
Glancing at the “study website” it is clearly coming from the “pro” side, and the “publication” is a whitepaper, so it’s more “sciency” than science, unfortunately.
See US Labor market from bottom up — a syllogism in four parts
If America’s highest labor costs firms (low pay type – not medical) could afford to fork over $15/hr wages (practical example: fast food with 25% labor costs — $15/hr minimum wage would pump prices about 10% in Chicago where I live – but gotta eat)
— and —
if no more than 10% of US labor force works for such highest labor costs businesses (I’d hazard a guess, substantially fewer)
— and —
if 40% of US workers presently earn less than $15/hr (most, substantially less)
— then —
at least 30% of our workforce (for sure, substantially more) are receiving punishingly lower wages than consumers would willingly support, were employees able to (collectively) withhold their labor for a better price.
http://fortune.com/2015/04/13/who-makes-15-per-hour/
Remedies for long (illegally) lost bargaining power?
EITC: Shifts 2% of overall income ($70 billion out of $13 trillion) while 40% or our workforce earns 11% of overall income ($1.4 trillion).
Minimum wage(s): If Americans of 1968 could have been foretold that the 2019 fed min wage would be shorter by $5/hr ($12/hr then), what catastrophe could they have conjured up that could lay such waste to future incomes (doubling per capita expected over 50 years, since the industrial revolution): a comet strike, a limited nuclear exchange, multiple world plagues?! :-O
https://data.bls.gov/cgi-bin/cpicalc.pl?cost1=1.60&year1=196802&year2=201901
(Relatively) strong labor state, Illinois, just raised min wage to $15/hr by 2025. AP report projects inflation to reduce to $13/hr.
https://apnews.com/669381ab258541f38439b7a21641b762
Restoring (ever diminishing) labor union density (under 7% private now): One stop shopping:
Why Not Hold Union Representation Elections on a Regular Schedule? Andrew Strom — November 1st, 2017
“Republicans in Congress have already proposed a
billthat would require a new election in each [private employer] unionized bargaining unit whenever, through turnover, expansion, or merger, a unit experiences at least 50 percent turnover. While no union would be happy about expending limited resources on regular retention elections, I think it would be hard to turn down a trade that would allow the 93% of workers who are unrepresented to have a chance to opt for unionization on a regular schedule.”
It only dawned on me while writing this, why Strom’s eminently sensible union certifying proposal – politically perfect, too, for repatriating prodigal blue collar Dems – failed to gain any traction. Progressives have been looking at this whole inequality thing from the middle class, down – from top, down – where lost collective bargaining power appears but one component in a complex narrative. Looking from bottom up, the story couldn’t look plainer and simpler, from McDonald’s (25% labor costs) to Target (15%) to Walmart (7%): zero haggling power.
40% — 50%, 60%, 70% (?) – of our workforce unconscionably underpaid; that’s a helluva bottom.
A number of people have been suggesting the establishment of a “uniform basic income” for all Americans (presumably citizens). Should that occur, what is the likelihood, if any, that businesses would simply raise prices to essentially reestablish the present income disparity in terms of purchasing power? I guess I’m thinking inflation.
JackD,
Pay for UBI.
Cut about $300B a year from the pentagon US still twice China* and more than Thrice Russia*. Only a few less empire outposts. Stop defending national interests, which have n use to anyone with NW less than $2M and nothing to do with freedom much less the “common defense”.
*Only their MIC’s much more productive than yours.
Dennis,
You do it again. This Republican legislation that you constantly tout would be a disaster for labor unions.
Yes, there would be “regular elections”. When, where why and how would be totally under the control of the employers.
Could you please read the legislation you are supporting? It is an abortion.
Jack,
Scary thought!
UBS wont keep people out of street gangs (100,000 in Chicago) — Americans won’t show up to work for $10/hr. I wouldn’t. I didn’t.
Taxi driving in Chicago got down $10/hr (representational — not sure literally). One 30 cent rise in the meter mileage rate in 16 years — beginning at 1990 midpoint, started adding 40% more cabs, unlimited livery, free trolleys between all the hot spots downtown and building subways to both airports.
I didn’t join a gang. I moved to San Francisco to hack. I left behind free rent and utilities in mama’s spacious apartment down the block from a spacious park and golf course and free use of my brother’s Lincoln Town Car. Swapped that for a residence hotel where the electricity in the one socket in your room went off four or five times a day and the elevator went out once a week. But, I was making $20/hr with the hope of $25 — I’d figure out the rest later.
Americans wont slave for $10/hr. That’s why USB won’t put many back to work. Scary your thesis though — shows a true working knowledge of the market. High union density ought to take care of the squeeze-power part though — and maybe get most jobs up to at least $20/hr.
“Republicans in Congress have already proposed a bill that would require a new election in each unionized bargaining unit whenever, through turnover, expansion, or merger, a unit experiences at least 50 percent turnover.
whenever, through turnover, expansion, or merger, a unit experiences at least 50 percent turnover
whenever, through turnover, expansion, or merger, a unit experiences at least 50 percent turnover
whenever, through turnover, expansion, or merger, a unit experiences at least 50 percent turnover”
This cannot be that hard to understand.