US minimum wage map

[2952-0-0]

Yellow-no state minimum wage
Blue-at federal level (5.15/hour)
Green-higher than 5.15
Red-lower than 5.15

It should be noted that San Francisco has $8.50. And surprise, surprise, some jurisdictions have $15 minimum wages (middle finger points at opebo).

http://en.wikipedia.org/wiki/List_of_U.S._state_minimum_wages

[opebo]

Yes, $15 should be the federal minimum, but somewhat higher may be necessary in the First World portions of the U.S.

[2952-0-0]

Yes, $15 should be the federal minimum, but somewhat higher may be necessary in the First World portions of the U.S.

Do you have ANY idea what a $15 minimum wage will do?

[danwxman]

Shouldn't NJ be green (or has that not taken effect yet)?

Pennsylvania looks likely to raise the minimum wage this fall.

[2952-0-0]

Shouldn't NJ be green (or has that not taken effect yet)?

NJ raises to 6.15 on October 1

[opebo]

Yes, $15 should be the federal minimum, but somewhat higher may be necessary in the First World portions of the U.S.

Do you have ANY idea what a $15 minimum wage will do?

Yes - redistribute.

Of course I would back it up with a very generous welfare state to deal with the unemployment some imagine this would cause.

[2952-0-0]

A $15 minimum wage will *gasp* make a mechanic receive *gasp* $100 an hour and a lawyer *gasp* $5,000. I can't afford that.

[Gabu]

Yes, $15 should be the federal minimum, but somewhat higher may be necessary in the First World portions of the U.S.

Do you have ANY idea what a $15 minimum wage will do?

Yes - redistribute.

Of course I would back it up with a very generous welfare state to deal with the unemployment some imagine this would cause.

If nobody is working, where will the money for the welfare state come from, and where would the products on which to spend this money come from?

[Alcon]

Is there a list of areas with higher minimum wages than the state average, like San Francisco?

What jurisdictions have $15 minimum wages?  Lord!

[minionofmidas]

Yes, $15 should be the federal minimum, but somewhat higher may be necessary in the First World portions of the U.S.

Do you have ANY idea what a $15 minimum wage will do?

Yes - redistribute.

Of course I would back it up with a very generous welfare state to deal with the unemployment some imagine this would cause.

If nobody is working, where will the money for the welfare state come from, and where would the products on which to spend this money come from?

It won't cause much unemployment - instead it`ll cause a hell of a lot of inflation if done in a single step. Imagine most people to not be better or worse off afterwards.

[Peter]

What jurisdictions have $15 minimum wages?  Lord!

To my knowledge there are no jurisdictions with an across the board $15 minimum wage, rather this minimum applies to companies which the municipality contracts out to perform some public function. I have no idea where these are.

At the beginning of October, the minimum wage in the UK will increase to £5.05 for those aged over 21; £4.25 for those aged 18 to 21; And £3 for those aged 16 to 18.

£5.05 roughly correlates to $9.15.

Whilst I wouldn't claim that the presence (or not) of the minimum wage is the sole factor to effect unemployment, it should be noted that since the minimum wage  came into effect in 1999, those claiming unemployment benefit has fallen every year to date.

Provided that minimum wage increases are gradual and that ultimately the minimum wage does not ultimately threaten the viability of any well run business, then in my mind it should not have any significant impact on unemployment.

[A18]

Prices controls are always a bad idea.

[Democratic Hawk]

I firmly beleive in the minimum wage - but opebo's $15 per hour would be a disaster

Dave

[A18]

If you believe in minimum prices for labor, why not minimum prices for other things? The economic effects are identical.

[Richard]

If minimum wage makes a country off better, and people richer, why not jack it up to $15 an hour?  Why is opebo wrong?  Unless you believe that it isn't actually beneficial for the country...

[TheresNoMoney]

If the federal minimum wage is $5.15, how is it possible that some states have a lower minimum wage or no minimum wage at all?

I know there are exemptions for waitors/waitresses, but disregarding those every state should at least have a minimum wage of $5.15.

In NH, we tried to raise the minimum wage earlier this year but it got voted down in the Republican-led Senate (Republicans hold 8 seat advantage in State Senate).

[Richard]

If the federal minimum wage is $5.15, how is it possible that some states have a lower minimum wage or no minimum wage at all?

The laws do not apply.  A state simply didn't pass a minimum wage law because federal law takes care of it.  It doesn't mean you can pay someone $2 in those states.

[MaC]

I say we raise the minimum wage to 15 an hour, but, we charge an opebo tax, which will take 92% of his income for suggesting the idea, this tax will only affect opebo

[○∙◄☻¥tπ[╪AV┼cVê└]

If minimum wage makes a country off better, and people richer, why not jack it up to $15 an hour?  Why is opebo wrong?  Unless you believe that it isn't actually beneficial for the country...

The economic benefit of a minimum wage is not monotonic.

[A18]

There is no economic benefit to price controls.

[○∙◄☻¥tπ[╪AV┼cVê└]

There is no economic benefit to price controls.

Not even when Enron was price gouging California?

[A18]

We've been through the Enron thing before. Please go back and read the numerous other topics.

[opebo]

There is no economic benefit to price controls.

There you go again with the baseless, unsupported claims.

Anyway, the point of the minimum wage is to redistribute.  The overall economic effect doesn't matter (though of course I believe it would be quite good). 

[A18]

The effects of price controls are well known. Inefficiency, shortages, poor quality, etc..

[opebo]

The effects of price controls are well known. Inefficiency, shortages, poor quality, etc..

Those are price controls that keep the price lower than the 'market' price - this price control would be increasing the price.