Still not enough.
If it were all at once the crying and resistance would be crazy. At least these small increases help with inflation
Price controls and regulation would help with inflation due to minimum wage increase too. There's plenty of data showing prices do not appreciably rise with wages.
No price controls.
It would also make it more difficult to make multiple increments. The minimum wage can't stay static so that would be pretty bad.
Tie it to inflation motherfucker, stop claiming this as some kind of huge win
Seattle does this and ties it to the CPI-W. It’s currently $21.30, which isn’t the highest in the country due to surrounding cities in the same Seattle metro area having slightly more, like $21.65 in Tukwila, $21.63 in Burien, and $21.50 in Renton. Every Seattle metro area city and even unincorporated King County (6309 sqmi for all of the metro area with 4.16 million residents) all have their own city/county laws to tie it to CPI-W.
I don’t see why everyone doesn’t do this.
Oregon does this. At 16.80 in their metro areas atm. Different levels the further outside the bigger cities too.
Tie it to politician's salaries. Every time politicians vote to increase their own pay, minimum wage goes up by the same percentage.
Not just inflation - Lock it to purchasing power.
How is inflation calculated?
Inflation is supposed to be a calculation in changes of relative currency value. The way that it is calculated depends on the government and the day.
Generally they create an index of goods that they track. Changing what goods to track is the easiest way to manipulate the results... and boy do they ever manipulate the shit out of the results. What you choose to put into the index and what you exclude greatly influences the results. Common things that are left out of indexes include rent/mortgage amount, taxes, utilities, medical cost, education cost etc. small things that account for more than 75% of people's income....
Pruchasing power calculates how much goods a person's wage can purchase after all their "basic necessities are out". . It includes all the costs that the good price indexes leave out.
Or just GDP - but honestly, the focus should be on getting a proper system of unions up and going
Dude fuck unions.
to each his kink, I guess
It's okay to be aggressive, and it's also okay to be wrong. But one must not be both aggressive and wrong.
California's minimum wage is tied to the Consumer Price Index. It increases every year according to inflation.
Edit: To be more specific, it is indexed to CPI-W.
California's minimum wage is tied to the Consumer Price Index.
The core CPI that most politicians and media use or the All Items CPI?
Because the former excludes food and energy costs, making it all but worthless for measuring the ACTUAL cost of living.
The CPI-W used for wage increases includes food and energy. It includes all household spending weighted by the amount spent in that category.
Edit: comment made to be less aggressive
Core CPI disregards food and energy prices. It's right here: https://www.economicsonline.co.uk/definitions/core-cpi-vs-cpi.html/
The California minimum wage is not indexed to core CPI. It's indexed to CPI-W which does include food and energy.
Just to provide a number, in the 2017 update to CPI-W weights, energy was given a weight of 7.85 in the updated index, indicating that the BLS thinks the average urban worker spends 7.85% of their money on energy. Or about $196 a month if you make $2,500 a month. It may be higher now these past couple months due to recent geopolitical events, but it is within the right ballpark.
There are many variations of CPI. Perhaps spend less time typing angry comments, and more time learning the basics on issues before commenting.
Correct, and the type of CPI used to index California's minimum wage is CPI-W, which includes fuel and food weighted according to the portion of income that urban workers typically spend on them. So yes, I do encourage one to spend more time learning the basics on issues before making irrelevant notations.
I like the way you completely rewrote (not merely made less aggressive) the comment I replied to so that this seems like a reasonable response.
God forbid a person remove unjustified remarks to correct past errors
And now you've made yourself the victim. If you were interested in honest discourse you wouldn't have changed the entire meaning then left an edit line claiming something different.
I'm not anti this by any means, we need better for the general people. But this at the time he continues to fuck with and freeze state workers is a bit frustrating.
inflation is caused by free money. This as much as it is welcome for the people impacted by crazy costs of life, will only keep ramping up inflation.
They need to stop giving free money and make everyone compete. if you have any savings turn them to gold, the dollar will only continue to crumble
Boy it would sure be embarrassing if this stupid talking point was readily disputed by easily accessible, rigorous, peer reviewed studies based in actual facts
So paying people a living wage is "free money" but what about the millions in subsidies we hand out to companies? The same subsidies they have no intention of putting towards their people and instead use it all for stock buybacks? It seems extremely insane to be upset by this when the larger problem is staring us in the face.
Why do you people insist on mischaracterizing what other people say?
In economics, Free money refers to money borrowed at low interest rates. and I made it even more clear when I talked about the need for more competition and the depreciation of the dollar. There is already too much money in circulation and borrowing at low interest rates gives room to corporations and the wealthy to ramp up prices, buy up more property and and make the lower class compete for limited products, instead of corporation competing to earn their customers dollars.
If the question of free money isn't resolved than inflation will always outpace wages to a point where it might feel like going back to the feudal times.
If people are always mischaracterizing what you say, maybe take a step back and reevaluate what you are saying.
the real taunt would be increasing the proposed minimum wage increase by one penny each time Trump signs an executive order (retroactively too).
Commies bitching in the comments about Noosem not doing enough, when literally no other state has a higher wage than this.
If this was Mamdani, you guys would be chanting “REVOLUTIONARY” 😂
But once again. Ignore any progress if it’s not from your favorite sports player-I mean politician
You mad bro?
I sure do wish these media outlets would stop jerking off Gavin Newsom. He's only comparatively progressive.
How are they jacking him off? By reporting this? Feel threatened?
Well, no, it's not that he's being reported on, I just don't like how he's positioning himself as a sewer socialism progressive while being anything but. The media is broadly complicit in that framing and I fear he'll be the next milquetoast DNC safety pick for president regardless of the generally shifted demographics preference away from that.
That’s not even an increase minimum living wage if it’s killing you.
Can California block tax transfer payments to the feds? That'd be way cooler than a childish tweet.
How about you get a job?
I have a job nerd
This clown.
The unemployment wage hasn't changed since 2005.
Unemployment wage?
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