$9.50
$9.50
Gothampc
Broadway Legend Joined: 5/20/03
Gothampc
Broadway Legend Joined: 5/20/03
#3re: $9.50
Posted: 2/13/08 at 12:39pm
The Living Wage needs to be higher.
This "this will kill business" argument is tired and incorrect. It has long been established that the federal minimum wage has been helpful.
Besides: Wal-Mart raises their salaries and guess where the majority of that money will go- right back to Wal-Mart.
Phyllis Rogers Stone
Broadway Legend Joined: 9/16/07
TheatreDiva90016
Broadway Legend Joined: 4/10/04
#5re: $9.50
Posted: 2/13/08 at 12:49pmOr is he just upset that minimum wage is catching up to his current rate of pay?
Tag
Broadway Legend Joined: 11/19/05
#7re: $9.50
Posted: 2/13/08 at 1:04pm
The intial comment makes no sense anyway.
Starbucks wouldn't be affected.
If you're going to try and make an argument, Goth, I would say the local pizzeria and diner is more likely to suffer than Starbucks.
Gothampc
Broadway Legend Joined: 5/20/03
#8re: $9.50
Posted: 2/13/08 at 1:13pm
"If you're going to try and make an argument, Goth, I would say the local pizzeria and diner is more likely to suffer than Starbucks."
Obviously you don't know that much about business.
Phyllis Rogers Stone
Broadway Legend Joined: 9/16/07
#13re: $9.50
Posted: 2/13/08 at 1:38pm
Tag, the federal minimum wage is currently $5.85 and is set to go up again in July to $6.55. In July of 2009 it will rise once again to $7.25.
http://www.laborlawcenter.com/federal-minimum-wage.asp
However, many states have their own minimum wage that is higher than the federal. And apparently there are a couple of states that use a minimum wage that is lower.
http://www.dol.gov/esa/minwage/america.htm
Updated On: 2/13/08 at 01:38 PM
Phyllis Rogers Stone
Broadway Legend Joined: 9/16/07
robbiej
Broadway Legend Joined: 5/20/03
#16re: $9.50
Posted: 2/13/08 at 1:45pm
Starbucks provides health benefits to part-time employees and 401K to full time employees.
Starbucks is one of the most fair, generous corporations to its employees in the nation.
-Kad
"I have also met him in person, and I find him to be quite funny actually. Arrogant and often misinformed, but still funny."
-bjh2114 (on Michael Riedel)
JustAGuy
Broadway Legend Joined: 6/20/03
#19re: $9.50
Posted: 2/13/08 at 1:50pm
From the Wall Street Journal - RE: Starbucks
The job: a Starbucks barista
The pay: Varies by region: in Manhattan, a barista can make $8.75 an hour, while in Indianapolis, pay starts at $7 an hour.
The hours: maximum of 40 a week.
Benefits: For employees who work 20 or more hours a week: health care, life insurance and disability as well as dental, vision and prescription-drug benefits, plus a matching 401(k) plan, stock options and a discount stock-purchase plan.
Other incentives: Free beverages during your shift, tuition reimbursement, fitness-facility discounts -- and a free pound of coffee or tea every week.
WSJ Article
#21re: $9.50
Posted: 2/13/08 at 1:54pm
"Benefits: For employees who work 20 or more hours a week: health care, life insurance and disability as well as dental, vision and prescription-drug benefits, plus a matching 401(k) plan, stock options and a discount stock-purchase plan."
I am so in the wrong line of work!
Unknown User
Joined: 12/31/69
#24re: $9.50
Posted: 2/13/08 at 2:41pm
So at the new, outrageously high minimum wage, the employee would be making $19,760 a year. Without looking at any health care or IRA deductions, that means the employee would have a take home pay of about $280 a week. The USDA says that on a "Thrifty plan" an adult can live on $46 a week for food. (the "Liberal plan is about $65 a person, but both plans call for strategic shopping, no eating out and access to a supermarket and kitchen.) I couldn't find a national average on Rent- but arrived at a fairly arbitrary $750 a month after looking at a handful of urban areas. Plus some people have roommates, share bedrooms, etc. Should we say $100 a week rent? Transportation varies wildly- it's more expensive if you have to own a car, for example, but our theoretical employee can't afford a car. The average cost of a Mass Transit ride is now just under $2. If you ride every day that's $28 a week in transportation- which seems REALLY low. Clothing? Again, you can really skimp, buying in thrift stores and the like, but you also have to include the cost of washing your clothes so can we say $60 a month? I guess you can live without a phone (and I'll be generous and assume that all your other utilities are included in your rent) but if you DO need a phone it's 30-50 a month.
OK where are we: $50 a week food, $100 a week rent, $28 a week transit, $15 a week clothes, $12 a week phone....we're already up over $200 a week. Get the point? Minimum wage is REALLY minimal- even if we raise it to $9.50 an hour....
Updated On: 2/13/08 at 02:41 PM
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