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Tag Archives: Florida

Got a bunch of baseball cards in the attic?  Beanie Babies maybe?  How about some old CD’s?

Now, say ya wanna sell ’em.  Everyone knows that if you start the bidding to high you won’t get any takers.  Bring the price down and you can sell almost anything.

Simple:  More expensive, fewer people buy.  Less expensive, more people buy.

Which makes this so mind boggling:

Eight states will ring in the New Year with a higher minimum wage, under state laws that require wage floors to keep apace with inflation. San Francisco, one of the few cities that sets its own minimum wage above the federal level, is also raising wages for the lowest-paid workers in the new year. It will become the first big city in the country to require companies to pay their workers more than $10 an hour.

The minimum wage increases in Arizona, Colorado, Florida, Montana, Ohio, Oregon, Vermont and Washington will be 28 cents to 37 cents an hour, according to the National Employment Law Project. That is an extra $582 to $770 a year for a full-time minimum wage worker, and resets these states’ minimum wages to $7.64 to $9.04 an hour.

At that higher end is Washington State, which will become the first state in the nation to set its minimum wage above $9 an hour. For reference, the federal wage floor for most workers is $7.25 an hour.

I get it, I do.  No one’s time should be worth so little.  However, by forcing businesses to pay more for labor than they otherwise should, they will buy less labor.  And lastly, should an individual be free to bargain for the value of his time?

 

I stumbled upon a recent report, Hat Tip Calculated Risk, that is saying a number of states are changing their unemployment eligibility standards.  Apparently the number of weeks that a person is eligible for unemployment has been a standard 26 weeks:

…the maximum number of weeks that jobless workers can receive unemployment insurance to less than 26 weeks—a threshold that had served as a standard for all 50 states for more than half a century…

So, for 50 years we have been following a standard without question.  It turns out that at least 6 states in the good ol’ US of A actually DO read TarHeel Red.

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The rest of the nation is moving on the public sector unions.  The inertia is clearly in favor of those who wanna reign in the influence of those unions.

However, that doesn’t mean the fight is over; far from it.  For example, recent developments in Wisconsin show how delicate the balance really is:

MADISON, Wis. – The monthlong saga over Gov. Scott Walker’s plan to drastically curb collective bargaining rights for public workers in Wisconsin took a turn Friday that could force a dramatic rebooting of the entire legislative process.

A judge temporarily blocked the law from taking effect, raising the possibility that the Legislature may have to vote again to pass the bill…

It isn’t over folks.

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