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Sanders 'Confident' $15 Minimum Wage Possible Through Senate Reconciliation

Originally published at http://www.commondreams.org/news/2021/02/20/sanders-confident-15-minimum-wage-possible-through-senate-reconciliation

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While I aspired to having Bernie wear the number 46, it probably was never a political possibility. I think absent that he is in the right place to effect significant Progress for many in this nation. No, it will never be enough to him, me, or most of the readers here, but it will be Progress. Let’s root for the $15/hr and then start on $20/hr immediately after it passes. Progress can never rest, as the caves are full of vampires ready to wrest the last drop of blood from it.

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While Bernie and some other democrats hearts are in the right place let’s face it, $15 an hour by 2025 is way too little way too fucking late. By 2025, over one quarter of the jobs in the US will be temps or 1099 workers, where minimum wage won’t apply.
Besides, no raise in the minimum wage will matter a tiny shit if it isn’t accompanied by single payer. Anything less merely continues the race to the bottom.

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not to mention all the casualties that have piled up from a nearly 6 month fight over a single covid relief package that wound up never arriving.

the min wage is going to be the least of our problems at or near the bottom, which isn’t to dismiss it at all, but merely to indicate that’s how bad everything else is.

we’re headed for the big break up. i’m seeing zero sign of power giving anything but zero effs as to whether or not this polity even survives their staggering misrule.

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Spot on. Remember back in may when the “heroes act” was first proposed by democrats at 3.2 trillion dollars? They sat on their thumbs for nearly 8 months, and then managed to negotiate it down to 1.9 without even talking to republicans or the incoming Biden administration.
If the Dems were serious they would push through the original 3.2 trillion plan ant the same time they pass single payer and repeal the Reagan tax cuts. But that of course would require the spine to first stand up and get rid of the filibuster.
The Dems it seems are still in their wheelchairs, with no actual plans to stand up any time soon.

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It could work along side of “medicare for all.”

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$15 minimum wage by 2025 is like a building lifeboats for the funerals of Titanic passengers.

Oh so courageous!

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And to think that this is the country which so many people, including Democrats and Republicans, love to proclaim as being the greatest in the world. That hackneyed phrase needs to be retired from the political lexicon as well as by the corporate media as quickly as possible.

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I’m pretty worried about any additional Covid relief at any time in the future ever, much less a minimum wage increase. Once again the central theme of our only razor thin democratic majority is to be as much like our republican counterparts as possible, and to avoid real progress as much as possible. I don’t care if legislation only passes by a trillionth of a percent, as long as it passes. I’ll say this though: if this milquetoast administration doesn’t make notable sweeping changes in the next 22 months which are radical enough to win a major number of voters approval, then there is not going to be much of a democrat congress and senate left after the next election. When that happens and the 4 year term is done, its back to Trump again or someone ten times worse, and that with both the house, senate and the courts behind them - as we have grown accustomed.

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CBO reports that we will lose 1.4 million jobs with the $15.00 / hour federal minimum wage.

There are also state minimum wages.
What are the recent job losses due to higher minimum wages in certain cities?

With workers having more income to spend on necessities and maybe a burger once a month (sarcasm). I would have expected that new jobs would be created - In cities and rural.

Somebody is going to challenge Joe M. in West Virginia. By golly, people there are still amongst our most economically deprived.

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The lost jobs argument is always made by naysayers yet never happens. There are a number of places already with the a $15.00 minimum wage and they are not losing jobs to that, they are losing them to covid, and have received no support from DC in that area… We have long been at the point where the government has to give full time workers food stamps because their wages are insufficient for them to survive. What good is a job if you cannot live on it. People think of the job like it was some sort of luxury, as if the individual was working there by choice and not because they needed to make a living. That is obviously not true. If an employer cannot afford to pay their employees enough to keep them out of food lines and then they need to rethink their business model, people are not robots, they must be fed and housed. sometimes the employer needs to take a pay cut, it is true, learn to stop paying themselves $500,000 a year, and put another $50,00 or so into their payroll.

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The business model, both from the larger - like walmart, to the immigrant corner convenience store do not provide their employees health care insurance. Many factories are having their employees use ACA for their health insurance. Even ‘essential’ rated. With cordova cases seriously increasing within the building, those who could pass the temperature check at the doorway had to do 10 hour shifts plus week ends. The CEO made 3 million dollars in 2020. The shop floor assembler made $25,000.00

This shop can go to Mexico but freight costs will eat up the labor savings.

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I mean is the answer that America just cant exist. Is the success of all the other western nations impossible in America? Is it genetic? No the problem is that once you leave it for business to decide national policy the whole paradigm collapses, and it happens every time. This is exactly what happened in the 20’s and it led to the 29 collapse → the depression → the Second World War → the cold war → the war on terror, etc. etc. Running a country is possible using a capitalist based model, but it only works with extensive regulations and significant corporate taxation to cover things like health care, and other areas such as transportation, energy, and communications, where no capitalist business model alone can succeed. These areas were referred to as the commanding heights of the economy, upon which the rest of the supposedly capitalist economy depends. In any case it remains to be seen if any capitalist nation can be sustainable.

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Maybe it should be adjusted each year for inflation.

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I remember when Pelosi crowed about raising the minimum wage .25! These people are unbelievable. Most spend more on lunch every week than a min worker makes in a month.

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It has been 7 years since the $15 minimum wage was first adopted. For 7 years, while millionaires turned into billionaires and billionaires turned into trillionaires, WE have been begging for the same meager scraps.

Isn’t it time WE had our own party? Isn’t it time we all took a couple of days off in a general strike?

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"President Joe Biden, who campaigned supporting a $15 minimum wage, has included the hike in the American Rescue Plan, his administration’s $1.9 trillion coronavirus pandemic and economic recovery proposal.

"No one in America should work 40 hours a week making below the poverty line," Biden recently said. "Fifteen dollars gets people above the poverty line."

"The CBO estimates increasing the minimum wage to $15 by 2025 would lift 900,000 people out of poverty while giving another 17 million workers a raise. The CBO also says the move will cost 1.4 million jobs and increase the deficit by a relatively mild $54 billion over 10 years.

"Proponents of an even more ambitious raise point to studies showing that the minimum wage would be over $24 today if it had kept pace with inflation since 1968. As Ohio congressional candidate Nina Turner tweeted Wednesday, “$15 is the floor, not the ceiling.”

How much of the tax-payer bail-outs and federal intervention packages designed to save PROFIT MAXIMIZING FINANCIAL SERVICES INDUSTRIES in our FREE MARKET PRIVATE ENTERPRISE SYSTEM have been structured to be phased in over 4-5 years?

When are the ever decreasing tax-paying responsibilities of those concentrating the wealth of nations into their own private off-shored accounts, when are their tax breaks phased in over 4-5 years? Without even guesstimating the Stag-Flation Effect and Real Value? Or in our present case where there is no way to factor in the Global Pandemic Effect or any restoration of previous Market Norms.

A Rapid Refresher course on tax-payers bailing out the belly-up unsound speculative Savings & Loan industry coast to coast with federally backed funds when the Federal Savings and Loan Insurance Corporation (FSLIC) closed or otherwise resolved 296 institutions from 1986 to 1989, whereupon the newly established Resolution Trust Corporation (RTC) took up these responsibilities. The RTC closed or otherwise resolved 747 institutions from 1989 to 1995 with an estimated book value between $402 and $407 billion. In 1996, the General Accounting Office (GAO) estimated the total cost to be $160 billion, including $132.1 billion taken from taxpayers.

~https://en.wikipedia.org/wiki/Savings_and_loan_crisis

" In 1979, the financial health of the thrift industry was again challenged by a return of high interest rates and inflation, sparked this time by a doubling of oil prices and exacerbated by dwindling resources of the Federal Savings and Loan Insurance Corporation (FSLIC).

"It was not a small problem: In 1980 there were more than 4,000 savings & loans institutions with assets of $600 billion, of which $480 billion were mortgage loans, many of them made at low interest rates fixed in an earlier era. In the United States, this was 50 percent of the entire home mortgage market.

"In 1983, the FSLIC’s reserves for failures amounted to around $6 billion, whereas, according to Robinson (footnoted), the cost of paying off insured depositors in failed institutions would have been around $25 billion. Hence, regulators were forced into “forbearance”—allowing insolvent institutions to remain open—and to hope that they could grow out of their problems."

How did that work out?
Anybody familiar with the phrase CONTROL FRAUD?
~https://en.wikipedia.org/wiki/Control_fraud

" The concept of control fraud is based on the observation that the CEO of a company is uniquely placed to remove the checks and balances on fraud within a company, such as through the use of selective hiring and firing. These tactics can position the executive in a way that allows him or her to engage in accountancy fraud and embezzle money, hide shortfalls or otherwise defraud investors, shareholders, or the public at large. A control fraud will often obtain “investments that have no readily ascertainable market value”, and then shop for appraisers that will assign unrealistically high values and auditing firms that will bless the fraudulent accounting statements.

"Some control frauds are reactive in the sense that they turn to fraud only after concluding that the business will fail. Opportunistic control frauds, by contrast, are attracted to a criminogenic environment where it is harder to detect fraud, e.g., as a result of deregulation."

I submit Status Quo Joe Biden’s entire political career and service to the Legal Fiction state of Delaware, or Fiefdom of the DuPont Family
~https://www.motherjones.com/politics/2019/11/biden-bankruptcy-president/
and scrutiny of Biden’s causes and his family’s clients as opposed to the Public Interest of his constituents has disproportionately contributed to the extent to which Deregulation of Financial Services leading to Control Fraud has eaten away the real value of our economic national resources in ways that mirror such Working Middle Class erosion as wealth has concentrated into fewer and fewer controlling hands and their self-serving algorithmic parameter setters, designed to attenuate ever compounding wealth concentration into private hands from the very public pools of funds the least able of us to avoid\evade taxes have depended on to insure an elite rigged Boom\Bust cycle.

Mitch Ritter\Paradigm Sifters, Code Shifters and Song Chasers
Lay-Low Studios, Ore-Wa (Refuge of Atonement Seekers)
Media Discussion List and Looksee

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that $15/hr is better than what people are paid now is a good thing–the reality of $15/hr is that it is TOTALLY inadequate-- being far short of a LIVING wage by about $5-$8/hr in almost every jurisdiction in America–

-this is the big gas light of the duopoly acting for their owners --the corporations who are stuffing their bank accounts while the people suffer(many of the corporations making money hand over fist on the suffering)–where we are now has been a function of BOTH parties acting to protect corporate interests and to hell with the rubes(that’s us) for the last 50 years–time to wake up and smell the garbage

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The pink elephants in the room: Capitalism and the low, if any, taxes payed by the wealthy.

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Why it is looking more and more likely that we may have to walk away through non cooperation from a system that fostered all these crisis in the first place which includes the two existential threats to survival let alone thriving: Ecological crisis and nuclear war/energy.

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