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Old January 5th, 2015, 03:43 PM   #1
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More States Than Ever Will Raise Their Minimum Wage On New Year's Day

More States Than Ever Will Raise Their Minimum Wage On New Year's Day

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. . .

The Jan. 1 pay raises will total about $1.6 billion in additional wages, which EPI says will act as a modest economic stimulus, since minimum wage workers are likely to spend the extra cash on groceries and other goods, rather than tucking it away or putting it in the stock market.

Minimum wage workers in Alaska, Arizona, Arkansas, Colorado, Connecticut, Florida, Hawaii, Maryland, Massachusetts, Missouri, Montana, Nebraska, New Jersey, Ohio, Oregon, Rhode Island, South Dakota, Vermont, Washington and West Virginia will all see their pay go up on Jan. 1. Minimum wage workers in Delaware and Minnesota are also expected to receive a pay hike in June and August 2015, respectively. (For details on the specific amounts by which wages will go up in each state, take a look at EPI's data here.)

The upcoming wage hikes underscore the rift between congressional Republicans and the rest of the country when it comes to the minimum wage. The idea of raising the wage floor tends to poll extremely well, with at least two-thirds of respondents in most surveys supporting it, including many conservatives. Nevertheless, Congress hasn't authorized a federal minimum wage raise since 2009, with Republicans standing in the way of more recent efforts.

Yet as of the new year, for the first time a majority of states -- 29, to be exact -- will have minimum wages higher than the federal level. Many of those states have chosen to tie their wage floors to an inflation index, guaranteeing that the state minimum wage will rise over time along with the cost of living.

. . .
Liberal ideals taking hold in teabagger states. Don't that beat all?
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Old January 5th, 2015, 03:51 PM   #2
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Laugh away..............
We will all pay for this later.
Pay twenty bucks for a loaf of bread.
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Old January 5th, 2015, 03:52 PM   #3
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Originally Posted by darroll View Post
Laugh away..............
We will all pay for this later.
Pay twenty bucks for a loaf of bread.


Won't happen. NO ONE will buy the bread and the corporations want to make money. It's like when the corporations and rich pay high taxes they create jobs to make more money from their profits.

You guys REALLy don't know how the economy works, do you?
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Old January 5th, 2015, 04:43 PM   #4
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Originally Posted by darroll View Post
Laugh away..............
We will all pay for this later.
Pay twenty bucks for a loaf of bread.
Besides...inflation will push those least able to cope with it...into a higher IRS tax bracket.
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Old January 5th, 2015, 04:46 PM   #5
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As in years past, Washington state will continue to have the highest minimum wage, going up to $9.47 per hour from its current rate of $9.32 an hour. Connecticut, Massachusetts, Oregon, Rhode Island and Vermont will also reach or surpass the $9 mark on New Year's Day.

In addition to the 20 states bringing their wage floors up on Jan. 1, New York will be raising its own state minimum wage from $8 to $8.75 on Dec. 31. Due to the state's large population and the 75-cent increase, New York has the highest number of workers poised to benefit from this week's wage hikes -- a projected 711,000 people -- of any state raising its wages this week, according to EPI.

These piecemeal raises represent a major victory for organized labor and its progressive allies, who in recent years have made large investments in state- and city-level minimum wage campaigns across the country. The raises also mark an accomplishment for fast-food workers involved in the union-backed Fight for $15 movement, who have effectively put a face to the low-wage workforce through their ongoing one-day strikes and protests.
Higher wages opens up more consumption. More consumption means more jobs. It's the success package Eisenhower used and all those post WWII presidents used when they taxed the rich which was the incentive to create more jobs to make more money to make more profit.
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Old January 5th, 2015, 05:01 PM   #6
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Originally Posted by LongWinded View Post
Higher wages opens up more consumption. More consumption means more jobs. It's the success package Eisenhower used and all those post WWII presidents used when they taxed the rich which was the incentive to create more jobs to make more money to make more profit.
What are the odds that LongWind knows that the effective tax rate under the 90% marginal rate under Eisenhower was in the 30% range?
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Old January 5th, 2015, 06:42 PM   #7
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What are the odds that LongWind knows that the effective tax rate under the 90% marginal rate under Eisenhower was in the 30% range?
What are the odds you know that Eisenhower is no longer the President and hasn't been for 0ver 50 years?
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Old January 5th, 2015, 06:49 PM   #8
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Besides...inflation will push those least able to cope with it...into a higher IRS tax bracket.
We already have inflation....except in wages.
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Old January 5th, 2015, 07:04 PM   #9
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That is great.. Let other states increase their cost of living.
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Old January 5th, 2015, 07:17 PM   #10
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Originally Posted by Hollywood View Post
What are the odds you know that Eisenhower is no longer the President and hasn't been for 0ver 50 years?

What are the odds you know he was answering a post that referenced Eisenhower era tax rates?

Quote:
Originally Posted by LongWinded View Post
It's the success package Eisenhower used and all those post WWII presidents used when they taxed the rich which was the incentive to create more jobs to make more money to make more profit.
Quote:
Originally Posted by Jimmyb View Post
What are the odds that LongWind knows that the effective tax rate under the 90% marginal rate under Eisenhower was in the 30% range?



Last edited by excalibur; January 5th, 2015 at 07:20 PM.
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