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Florida minimum wage increase passes

#44

(11-05-2020, 01:50 PM)wrong_box Wrote: Regarding the part where people are referring to no law to increase workers already making at or over the new minimum wage, this is one of the times where a union is beneficial (for employees)...I have been in the work foce for something like 37 years and have been in quite a few unions and a few minimum wage increases...I am currently in an international union for carpenters and certain language in the CBA call for us to to be paid over minimum wage, and any increase in minimum wage must result in an increase to our union members no less less than equal the the percentage of the increase in minimum wage.. While that is beneficial to the employee at face value, its not always the case... Generally our union dues go up, the percentage we pay for our healthcare goes up, and so on.

The rest of the story as outlined by all the posts is pretty much spot on...Employers have no choice but to raise prices, our suppliers must raise their prices, fuel prices increase ( gas stations/convienience store employees are getting paid more so their companies have to raise prices) food prices raise and so on so we end up right back where we started before the minimum wage increase just at a higher level or the cost of living surpasses the "benefit" of the increased wages and we wind up keeping less of our money

To add to your point ... The money you saved, or invested will have less buying power. Your 401k didn't go up, and may actually be worth less by the time you need it.
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Messages In This Thread
Florida minimum wage increase passes - by EricC85 - 11-04-2020, 10:59 AM
Copycat - by copycat - 11-04-2020, 08:50 PM
homebiscuit - by homebiscuit - 11-04-2020, 12:47 PM
RE: homebiscuit - by EricC85 - 11-04-2020, 01:06 PM
RE: homebiscuit - by mal234 - 11-04-2020, 01:31 PM
RE: homebiscuit - by p_rushing - 11-04-2020, 01:09 PM
RE: homebiscuit - by mikesez - 11-04-2020, 03:51 PM
homebiscuit - by homebiscuit - 11-04-2020, 03:02 PM
RE: homebiscuit - by StroudCrowd1 - 11-04-2020, 03:03 PM
RE: Florida minimum wage increase passes - by Sammy - 11-05-2020, 03:29 PM



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