Even if we increase the minimum wage we still can't ignore the effect that automation is having on labor and it is a very relevant point that automation is a factor in divorcing productivity from labor. Wages not keeping up with inflation and cost of living is a real problem but increasing the minimum wage might only be a limited solution to the problem.
Yes, we still need to do things like signficantly increase the supply of housing, expand public healthcare and figure out the cost of higher education. And due to automation being more prevelant as time moves forward, eventually ubi is going to have to be on the table.
On Thursday, the Senate parliamentarian said that the $15-an-hour minimum wage included in President Biden’s $1.9 trillion stimulus plan was inadmissible under the rules Democrats are using to pass the bill through the Senate. After that decision, Senate Finance Chair Ron Wyden (D-Ore.) and Senate Budget Chair Bernie Sanders (I-Vt.) said they would instead seek to add tax penalties on large corporations that fail to pay $15 an hour — an idea viewed as less likely to be struck down by the parliamentarian and still helpful to some minimum-wage workers. But now senior Democrats — including Wyden and Sanders — are walking away from that backup effort, according to two people who spoke on the condition of anonymity to share internal discussions. ---------------------------------------------------------------------------------- Looks like your boy walked away as well. Would you look at that.
Probably? LOL. Yeah governing is hard. This is why I always talked about building a consensus and not ******** on the rest of the democratic party.
That wasn't a compromise. It was just a complicated, last-minute workaround to the Parliamentarian's ruling - but it wasn't likely to change Sinema's vote because she believes a minimum wage increase should be done in regular order and not through the reconciliation regardless. That was the underlying problem getting to 50 votes, even if the Parliamentarian had allowed it. This was unlikely to fly with Manchin due to the tax penalties element, but he's at least theoretically persuadable with enough incentives. It was never clear if Sinema was even movable. The compromise is when they try to find something that can raise minimum wage and pass with 60 votes. Dems are starting at $15. A small portion of the GOP is starting at $10 + EVerify (no idea how many GOPers are even supportive of this). If there's a solution to be had, it's something between those two. That's where tax breaks/etc come into play.
Everyone realized the last minute workaround to basically try to raise minimum wage through a bunch of really complex tax policy (and come up with all the details in a week without any analysis of the tax consequences!) was silly and the effort was abandoned.
The new plan is saying that the legislative process doesn't allow for it to happen therefore we tried and praise us.
And how do we build a consensus when a large chunk of legislators are bad faith actors who pretend they work for their constituents rather than corporate lobbyists promising board seats after leaving office? How many decades of pretending good faith compromise exists? NAFTA is a comroisie that nearly gutted the middle class in this country.
Well the 1st thing is stop saying a large chunk of legislators are bad faith actors when you have no clue what their motivation is. Try and actually educate yourself and stop whittling every argument down to corporations and lobbyist. There are real debatable issues here but as always if you don't get your way its denigrate anybody that has a different opinion. So the 11 or 13 dollar option is the corporate lobbyist position?
Said nobody ever. You never answered this question. So what jobs should members of congress get after they get out of politics? Gonna be real funny when the squad or AOC get these same jobs.
That's a good question. Right now, the focus will be on the Covid bill the next few weeks. After that, hopefully the two parties will have a legit discussion of what can be done on minimum wage. $15 is highly unlikely. $10 is highly unlikely. So the options are likely: #1: The two parties can't agree on anything and we get nothing. #2: They find some compromise on a number between those, an annual increase associated with inflation, likely add some type of E-Verify requirements, and maybe some tax breaks for businesses. And then hope they can get 10 Republicans on board - if they manage that, I think Sinema and Manchin will be easy sells. I have no idea how many GOPers are interested in passing anything at all or how realistic any of it is. Hopefully Romney/Cotton felt out their conference and had 10+ people on their own side willing to do something or other, but I have no idea. Romney's not exactly popular in his conference, so who knows.
Not board seats at publicly traded corporations like pharmaceuticals, oil & gas, health insurance companies etc. They can retire with some sort comfortable pension that lets them live a upper middle class life style. Our legislators should be servents, not board members of our most powerful mega corps. Do you think I'm some sort of fanboy of AOC. I appreciate what she spotlights right now. If that changes I'd change my opinion of her. I've called out Bernie and AOC multiple times here for foolish ****.
How many people in congress or have left congress have actually gotten those types of jobs? And why can't they be working for change within the board? Do you think everyone one of those corporations are inherently evil?
https://www.bloomberg.com/graphics/2016-congressional-board-pay/ There is a list of a snapshot of one years' worth of compensation of former federal legislators in 2015. Corporations aren't evil. They are amoral entities that have one goal and one goal only, to maximize the return of shareholder investments. They are well oiled machines that have maximized efficiency in growth. So any polticians who gets promised these board seats are promised these seats for one reason and one reason only: their legislative agenda helped maximize their return on investment.
