"Financial Impacts and Policy Considerations of a Minimum Wage Increase"
Presented by: Scott Manley, Vice President of Government Affairs, Wisconsin Manufacturers and Commerce (WMC)
Federal minimum wage, tax transfer earnings supplements and povertyWages Guahan
This document discusses the federal minimum wage, tax-transfer earnings supplements, and poverty in the United States. It provides background on current minimum wage policies and illustrates how minimum wage earnings and tax benefits impact the income of full-time workers from different family types relative to poverty guidelines. The document finds that while a single childless worker would have earnings above poverty from a minimum wage job, a worker with a family would fall below poverty lines. It also discusses considerations around raising the minimum wage versus expanding tax credits and other supplements and the differing impacts on various groups.
This document summarizes a student paper that analyzes the impact of minimum wage increases on poverty rates using data from the United States Census and Department of Labor from 2007-2010. The paper reviews existing literature which finds mixed results on the employment and poverty effects of minimum wages. It then describes the student's research design using a panel data model to estimate the effect of minimum wage increases on county and state-level poverty rates over time while controlling for unemployment, GDP, education, and crime rates. The goal is to add to the debate on whether higher minimum wages decrease poverty in the real world.
Back in 2013, President Barack Obama used his State of the Union address to call for raising the federal $7.25 minimum wage, which has been in place since 2010, to $9. In his address on January 28, he appealed to Congress and employers to raise the minimum wage to $10.10.
The Minimum Wage is a Terrible Economic Policythemattbrown
The document argues that minimum wage is a poor economic policy for three main reasons:
1) It was created during a time of high unemployment and recession in 1938 out of a lack of confidence in free markets.
2) If advocates truly believe it is a good policy, they would argue for a much higher minimum wage like $100/hour, not just $7.50. This reveals the policy is not aimed at ensuring fair pay.
3) Basic economic principles of supply and demand show that raising the price of labor artificially through minimum wage leads employers to hire fewer workers. This harms the very low-skilled workers the policy aims to help.
Currently, 30 million Americans earn the $5.15 federal minimum wage. This wage leaves full-time workers below the poverty line. The minimum wage has not increased since 1997, and Democrats now propose raising it by $1.50 over 18 months. Both increasing the minimum wage and expanding the Earned Income Tax Credit could help low-income families, but the EITC targets assistance more efficiently by being based on family income rather than an individual's wages. There are reasonable arguments on both sides of this complex issue about how best to help the working poor without negatively impacting businesses or the economy.
Raising the minimum wage would have several positive economic and social impacts according to the document. It would stimulate consumer spending and economic growth by putting more money in the hands of minimum wage workers. It could also lead to more job opportunities as businesses hire more workers to meet increased demand. Additionally, raising the minimum wage may decrease expenses for social programs and reduce employee turnover rates as minimum wage workers feel more financially secure and satisfied in their jobs. However, some argue that raising wages could increase inflation, though the document asserts that it could actually help minimum wage workers keep up with rising prices. Overall, the document makes the case that modestly raising the minimum wage could have broad benefits for both businesses and low-income individuals.
This document discusses minimum wage increases and their implications. It notes that while raising the minimum wage seems to help the working poor, there are also complex issues involved that must be considered. Both positive and negative consequences of increases are discussed from different perspectives in the research. The document examines factors like minimum wage indexing, effects on poverty levels, differing impacts based on the size of increases, and potential job losses or stimulus to the economy. Concerns are raised about long-term impacts on young workers' education and skills levels. Overall it aims to provide an informed analysis of this complex issue.
Financial Impacts of Federal Minimum Wage ChangeEquifax
In this Economic Trends Commentary White Paper, Equifax's Chief Economist Amy Crews Cutts explains that if inflation levels continue as projected, the real purchasing power of one hour of labor, at the current minimum wage of $7.25, will set a 62-year low by 2017. This commentary leverages aggregated data from various Equifax databases, including The Work Number®, a proprietary database of more than 220 million employer-direct payroll records.
Federal minimum wage, tax transfer earnings supplements and povertyWages Guahan
This document discusses the federal minimum wage, tax-transfer earnings supplements, and poverty in the United States. It provides background on current minimum wage policies and illustrates how minimum wage earnings and tax benefits impact the income of full-time workers from different family types relative to poverty guidelines. The document finds that while a single childless worker would have earnings above poverty from a minimum wage job, a worker with a family would fall below poverty lines. It also discusses considerations around raising the minimum wage versus expanding tax credits and other supplements and the differing impacts on various groups.
This document summarizes a student paper that analyzes the impact of minimum wage increases on poverty rates using data from the United States Census and Department of Labor from 2007-2010. The paper reviews existing literature which finds mixed results on the employment and poverty effects of minimum wages. It then describes the student's research design using a panel data model to estimate the effect of minimum wage increases on county and state-level poverty rates over time while controlling for unemployment, GDP, education, and crime rates. The goal is to add to the debate on whether higher minimum wages decrease poverty in the real world.
Back in 2013, President Barack Obama used his State of the Union address to call for raising the federal $7.25 minimum wage, which has been in place since 2010, to $9. In his address on January 28, he appealed to Congress and employers to raise the minimum wage to $10.10.
The Minimum Wage is a Terrible Economic Policythemattbrown
The document argues that minimum wage is a poor economic policy for three main reasons:
1) It was created during a time of high unemployment and recession in 1938 out of a lack of confidence in free markets.
2) If advocates truly believe it is a good policy, they would argue for a much higher minimum wage like $100/hour, not just $7.50. This reveals the policy is not aimed at ensuring fair pay.
3) Basic economic principles of supply and demand show that raising the price of labor artificially through minimum wage leads employers to hire fewer workers. This harms the very low-skilled workers the policy aims to help.
Currently, 30 million Americans earn the $5.15 federal minimum wage. This wage leaves full-time workers below the poverty line. The minimum wage has not increased since 1997, and Democrats now propose raising it by $1.50 over 18 months. Both increasing the minimum wage and expanding the Earned Income Tax Credit could help low-income families, but the EITC targets assistance more efficiently by being based on family income rather than an individual's wages. There are reasonable arguments on both sides of this complex issue about how best to help the working poor without negatively impacting businesses or the economy.
Raising the minimum wage would have several positive economic and social impacts according to the document. It would stimulate consumer spending and economic growth by putting more money in the hands of minimum wage workers. It could also lead to more job opportunities as businesses hire more workers to meet increased demand. Additionally, raising the minimum wage may decrease expenses for social programs and reduce employee turnover rates as minimum wage workers feel more financially secure and satisfied in their jobs. However, some argue that raising wages could increase inflation, though the document asserts that it could actually help minimum wage workers keep up with rising prices. Overall, the document makes the case that modestly raising the minimum wage could have broad benefits for both businesses and low-income individuals.
This document discusses minimum wage increases and their implications. It notes that while raising the minimum wage seems to help the working poor, there are also complex issues involved that must be considered. Both positive and negative consequences of increases are discussed from different perspectives in the research. The document examines factors like minimum wage indexing, effects on poverty levels, differing impacts based on the size of increases, and potential job losses or stimulus to the economy. Concerns are raised about long-term impacts on young workers' education and skills levels. Overall it aims to provide an informed analysis of this complex issue.
Financial Impacts of Federal Minimum Wage ChangeEquifax
In this Economic Trends Commentary White Paper, Equifax's Chief Economist Amy Crews Cutts explains that if inflation levels continue as projected, the real purchasing power of one hour of labor, at the current minimum wage of $7.25, will set a 62-year low by 2017. This commentary leverages aggregated data from various Equifax databases, including The Work Number®, a proprietary database of more than 220 million employer-direct payroll records.
The best data we have on the
upper tail of the income distribution come from Piketty and Saez’s (2003, with
updates) tabulations of individual tax returns. (Even these numbers, though, are
subject to some controversy: the tax code changes over time, altering the incentives
to receive and report compensation in alternative forms.) According to their
numbers, the share of income, excluding capital gains, earned by the top 1 percent
rose from 7.7 percent in 1973 to 17.4 percent in 2010. Even more striking is the
share earned by the top 0.01 percent—an elite group that, in 2010, had a membership
requirement of annual income exceeding $5.9 million. This group’s share of
total income rose from 0.5 percent in 1973 to 3.3 percent in 2010. These numbers
are not easily ignored. Indeed, they in no small part motivated the Occupy movement,
and they have led to calls from policymakers on the left to make the tax code
more progressive.
The document discusses the economics of a proposed £7 national minimum wage in the UK. It provides background on low pay in the UK labour market, including median earnings by occupation and the impact of the existing national minimum wage. Both the potential benefits and costs of increasing the minimum wage are considered, such as incentivizing work, reducing the need for benefits, and boosting spending, as well as the risk of higher costs reducing competitiveness. The conclusion is that while a higher minimum wage may have some risks, there is little evidence it would cause unemployment, and the benefits justify increasing it above inflation and benefit levels.
The document discusses the history and current state of minimum wage laws in the United States. It notes that the federal minimum wage was last raised in 2009 to $7.25 per hour, but that many states and cities have higher minimum wages. Recent proposals and new laws are raising minimum wages further, with some areas proposing $15 per hour. The document also discusses debates around increasing the minimum wage, with supporters arguing it helps workers and stimulates the economy, while opponents argue it could lead to job losses.
The document provides an overview of the economy and work from a sociological perspective. It begins with an outline of the key topics to be covered, including different economic systems, contemporary world economies, perspectives on the US economy and work, unemployment, worker activism, and the future of the global economy. It then provides definitions of key economic concepts like the economy, labor, capital, and goods and services. The remainder of the document discusses functionalist perspectives on the economy, characteristics of postindustrial economies, facts about job growth and security, unemployment as an issue, and examples of struggling industries.
Setting the minimum wage at a living wage of $10.50 would have devastating economic effects according to the document. It would likely lead to dramatic inflation as businesses pass on costs to consumers. Many small businesses would be unable to absorb the increased labor costs and may be forced to cut staff significantly or close down. Previous examples that raised minimum wage substantially, such as in Santa Fe, New Mexico, resulted in major job losses as high as 16% increased unemployment. Large increases in the minimum wage could eliminate hundreds of thousands of jobs nationally according to congressional reports.
This document summarizes a report on the effects of minimum wage in developing countries. Key points include:
1) Evidence suggests minimum wages tend to have a small negative effect on unemployment but a positive effect on wages, especially for low-wage workers in covered sectors.
2) Effects in uncovered sectors are unclear due to limited data. Minimum wages may positively or negatively impact wages and employment in these sectors.
3) Overall, the evidence is inconclusive on whether minimum wages improve outcomes for low-paid workers across covered and uncovered sectors. More research is needed, especially on indirect effects in uncovered sectors.
Is the Fed blowing bubbles to cover up growing inequality.... again?Yannick Naud
1) The document discusses rising income inequality in the US and how the Fed has responded by creating housing bubbles to disguise the fact that the middle class is not benefiting from economic growth and to boost consumption.
2) It analyzes recent data showing that the top 1% captured 95% of income gains in the US recovery while the bottom 99% saw little growth. Inequality is surging to new highs not seen since before the Great Depression.
3) High and rising inequality has negative economic and social consequences like reduced economic growth and mobility if it passes a certain point, according to studies and economists cited in the document.
A Report on Unemployment - A basic studyDhanya Pravin
This document discusses unemployment, including definitions, types, causes, and measurements. It defines unemployment as people without a job who are actively looking for work. Unemployment is measured through surveys and government records. The main types of unemployment are demand-deficient, structural, real wage, frictional, and voluntary. Causes of unemployment include economic downturns, technological changes, minimum wages, and union policies. High unemployment can harm the economy through reduced consumer spending. The document also discusses other unemployment concepts and how governments use unemployment statistics.
A PowerPoint presentation by Mike Wilder, Community Coalition Organizer for Wisconsin Jobs Now, on the positive economic impact raising the minimum wage will have in Wisconsin (and everywhere in the country that adopts a higher minimum wage).
The document discusses unemployment, defining it as when a person aged 16 or older is actively seeking work but unable to find a job. It notes unemployment is a lagging or leading economic indicator. There are three types of unemployment: frictional from job changes, structural from skills mismatches, and cyclical from recessions. Michigan has high seasonal unemployment due to winter layoffs in some industries. During the 2009 recession, Michigan's unemployment rose to 15.2%, the highest in 25 years, mainly due to declines in the auto and housing industries rather than typical frictional unemployment. The national unemployment peaked at 10% in October 2009. The US recovery since has been slow, partly due to ongoing weakness in housing construction. Current unemployment rates in
Pay Equity is "Comp"licated | New Rules, New Reporting and Responding to the ...America's Job Exchange
America's Job Exchange is thrilled to be hosting our partners from the national law firm of Jackson Lewis. Laura Mitchell, Affirmative Action & OFCCP Practice Group at Jackson Lewis P.C. will be discussing the hot topic of Pay Discrimination. President Obama made eliminating the gender "pay gap" his top civil rights enforcement priority. At his direction, EEOC recently proposed for the first time that employers annually submit detailed pay, gender and race data for all employees. The reporting will begin in 2018 and will be used to initiate systemic pay investigations against employers throughout the country. Add to that increasing pay discrimination litigation, a wave of new, aggressive state fair pay laws and growing pressure from activist investors on companies to guarantee "pay equality," which have quickly changed the "pay game."
Dr. James V. Koch, President Emeritus of ODU, shares an outlook on interconnections of the Hampton Roads and Eastern North Carolina regional economy, highlighting several local issues, and tieing these items to national and global economic trends.
Growing wage dispersion, rather than declining labor share of income, has been the primary driver of rising income inequality according to a new IMF study. Using household surveys and macroeconomic data from 81 countries over 40 years, the study found that the largest factor contributing to increasing income inequality was growing disparity in wages, particularly at the top of the wage distribution. Rising financial globalization, decreasing unionization, and a shrinking state sector were also found to associate with wider wage dispersion. To curb undesired distributional effects, policymakers need to focus on labor market outcomes and wage differences through policies that promote inclusive growth and minimize market distortions.
The document discusses the current state of the US economy, debates around additional actions the Federal Reserve could take, and differing views on these policies. It notes that while the US economy is slowly recovering, growth remains slow. It also outlines the "fiscal cliff" risks to the economy if tax cuts expire and spending cuts take effect. The document discusses calls for more monetary stimulus from the Fed and debates around whether this would effectively boost demand and inflation or fuel further problems. It concludes by looking ahead to the Jackson Hole symposium and an upcoming class debate on bank accountability.
20120326c_Back To School-Cols DispatchSteve Newman
This document summarizes the growing trend of baby boomers returning to college in their 50s and 60s to gain new skills and retrain for new careers due to job losses and downsized retirement accounts from the recession. It discusses how enrollment of older students at Columbus State Community College increased over 80% between 2007-2011, making them the fastest growing student group. It provides an example of 51-year-old Steve Newman who returned to college after being laid off from his engineering job of 25 years. Experts say retraining older workers is important for the economy as the labor force growth declines with retiring baby boomers.
The document summarizes and investigates claims that the Bureau of Labor Statistics manipulated unemployment data for political reasons. It discusses how the BLS collects employment data through comprehensive surveys and calculates unemployment statistics through a transparent process. The document argues that conspiring to manipulate the data would require cooperation across many professional staff over years and that the surveys show consistent results over time. It concludes that the drop in the unemployment rate was consistent with the details of the jobs reports and slowing economic growth.
This document discusses unemployment, its causes, effects, and measures. It defines unemployment and categorizes it as voluntary, involuntary, disguised, demand deficiency, seasonal, and structural. Unemployment causes economic issues like low income and productivity as well as social issues like unrest. Solutions proposed include encouraging small businesses, subsidies based on employment, and increased government spending to reduce unemployment.
This document provides information on various tobacco and nicotine cessation resources including the Tobacco Independence Program offered by Holy Family Memorial which provides community and employer classes, the Freedom From Smoking program offered by the American Lung Association and Salvation Army and Aurora Health Care, the Wisconsin QuitLine free telephonic service, the online "Become an Ex" program from the American Legacy Foundation, tobacco cessation information and guides from the American Cancer Society, and the "First Breath" program for pregnant tobacco users through the Manitowoc County Health Department.
Chamber Customer Service August PresentationTheChamber
The document discusses the importance of fast customer service and response times for generating revenue. It provides tips for streamlining processes, giving partial answers to customers, tracking response times, and eliminating roadblocks to provide fast customer service. It also covers best practices for interacting with and serving customers, including using clear language, bending policies respectfully for good customers, and building rapport to turn difficult customers into loyal buyers. The overall message is that fast customer service response times are important for revenue and that focusing on continuous improvement can help organizations provide better service.
The best data we have on the
upper tail of the income distribution come from Piketty and Saez’s (2003, with
updates) tabulations of individual tax returns. (Even these numbers, though, are
subject to some controversy: the tax code changes over time, altering the incentives
to receive and report compensation in alternative forms.) According to their
numbers, the share of income, excluding capital gains, earned by the top 1 percent
rose from 7.7 percent in 1973 to 17.4 percent in 2010. Even more striking is the
share earned by the top 0.01 percent—an elite group that, in 2010, had a membership
requirement of annual income exceeding $5.9 million. This group’s share of
total income rose from 0.5 percent in 1973 to 3.3 percent in 2010. These numbers
are not easily ignored. Indeed, they in no small part motivated the Occupy movement,
and they have led to calls from policymakers on the left to make the tax code
more progressive.
The document discusses the economics of a proposed £7 national minimum wage in the UK. It provides background on low pay in the UK labour market, including median earnings by occupation and the impact of the existing national minimum wage. Both the potential benefits and costs of increasing the minimum wage are considered, such as incentivizing work, reducing the need for benefits, and boosting spending, as well as the risk of higher costs reducing competitiveness. The conclusion is that while a higher minimum wage may have some risks, there is little evidence it would cause unemployment, and the benefits justify increasing it above inflation and benefit levels.
The document discusses the history and current state of minimum wage laws in the United States. It notes that the federal minimum wage was last raised in 2009 to $7.25 per hour, but that many states and cities have higher minimum wages. Recent proposals and new laws are raising minimum wages further, with some areas proposing $15 per hour. The document also discusses debates around increasing the minimum wage, with supporters arguing it helps workers and stimulates the economy, while opponents argue it could lead to job losses.
The document provides an overview of the economy and work from a sociological perspective. It begins with an outline of the key topics to be covered, including different economic systems, contemporary world economies, perspectives on the US economy and work, unemployment, worker activism, and the future of the global economy. It then provides definitions of key economic concepts like the economy, labor, capital, and goods and services. The remainder of the document discusses functionalist perspectives on the economy, characteristics of postindustrial economies, facts about job growth and security, unemployment as an issue, and examples of struggling industries.
Setting the minimum wage at a living wage of $10.50 would have devastating economic effects according to the document. It would likely lead to dramatic inflation as businesses pass on costs to consumers. Many small businesses would be unable to absorb the increased labor costs and may be forced to cut staff significantly or close down. Previous examples that raised minimum wage substantially, such as in Santa Fe, New Mexico, resulted in major job losses as high as 16% increased unemployment. Large increases in the minimum wage could eliminate hundreds of thousands of jobs nationally according to congressional reports.
This document summarizes a report on the effects of minimum wage in developing countries. Key points include:
1) Evidence suggests minimum wages tend to have a small negative effect on unemployment but a positive effect on wages, especially for low-wage workers in covered sectors.
2) Effects in uncovered sectors are unclear due to limited data. Minimum wages may positively or negatively impact wages and employment in these sectors.
3) Overall, the evidence is inconclusive on whether minimum wages improve outcomes for low-paid workers across covered and uncovered sectors. More research is needed, especially on indirect effects in uncovered sectors.
Is the Fed blowing bubbles to cover up growing inequality.... again?Yannick Naud
1) The document discusses rising income inequality in the US and how the Fed has responded by creating housing bubbles to disguise the fact that the middle class is not benefiting from economic growth and to boost consumption.
2) It analyzes recent data showing that the top 1% captured 95% of income gains in the US recovery while the bottom 99% saw little growth. Inequality is surging to new highs not seen since before the Great Depression.
3) High and rising inequality has negative economic and social consequences like reduced economic growth and mobility if it passes a certain point, according to studies and economists cited in the document.
A Report on Unemployment - A basic studyDhanya Pravin
This document discusses unemployment, including definitions, types, causes, and measurements. It defines unemployment as people without a job who are actively looking for work. Unemployment is measured through surveys and government records. The main types of unemployment are demand-deficient, structural, real wage, frictional, and voluntary. Causes of unemployment include economic downturns, technological changes, minimum wages, and union policies. High unemployment can harm the economy through reduced consumer spending. The document also discusses other unemployment concepts and how governments use unemployment statistics.
A PowerPoint presentation by Mike Wilder, Community Coalition Organizer for Wisconsin Jobs Now, on the positive economic impact raising the minimum wage will have in Wisconsin (and everywhere in the country that adopts a higher minimum wage).
The document discusses unemployment, defining it as when a person aged 16 or older is actively seeking work but unable to find a job. It notes unemployment is a lagging or leading economic indicator. There are three types of unemployment: frictional from job changes, structural from skills mismatches, and cyclical from recessions. Michigan has high seasonal unemployment due to winter layoffs in some industries. During the 2009 recession, Michigan's unemployment rose to 15.2%, the highest in 25 years, mainly due to declines in the auto and housing industries rather than typical frictional unemployment. The national unemployment peaked at 10% in October 2009. The US recovery since has been slow, partly due to ongoing weakness in housing construction. Current unemployment rates in
Pay Equity is "Comp"licated | New Rules, New Reporting and Responding to the ...America's Job Exchange
America's Job Exchange is thrilled to be hosting our partners from the national law firm of Jackson Lewis. Laura Mitchell, Affirmative Action & OFCCP Practice Group at Jackson Lewis P.C. will be discussing the hot topic of Pay Discrimination. President Obama made eliminating the gender "pay gap" his top civil rights enforcement priority. At his direction, EEOC recently proposed for the first time that employers annually submit detailed pay, gender and race data for all employees. The reporting will begin in 2018 and will be used to initiate systemic pay investigations against employers throughout the country. Add to that increasing pay discrimination litigation, a wave of new, aggressive state fair pay laws and growing pressure from activist investors on companies to guarantee "pay equality," which have quickly changed the "pay game."
Dr. James V. Koch, President Emeritus of ODU, shares an outlook on interconnections of the Hampton Roads and Eastern North Carolina regional economy, highlighting several local issues, and tieing these items to national and global economic trends.
Growing wage dispersion, rather than declining labor share of income, has been the primary driver of rising income inequality according to a new IMF study. Using household surveys and macroeconomic data from 81 countries over 40 years, the study found that the largest factor contributing to increasing income inequality was growing disparity in wages, particularly at the top of the wage distribution. Rising financial globalization, decreasing unionization, and a shrinking state sector were also found to associate with wider wage dispersion. To curb undesired distributional effects, policymakers need to focus on labor market outcomes and wage differences through policies that promote inclusive growth and minimize market distortions.
The document discusses the current state of the US economy, debates around additional actions the Federal Reserve could take, and differing views on these policies. It notes that while the US economy is slowly recovering, growth remains slow. It also outlines the "fiscal cliff" risks to the economy if tax cuts expire and spending cuts take effect. The document discusses calls for more monetary stimulus from the Fed and debates around whether this would effectively boost demand and inflation or fuel further problems. It concludes by looking ahead to the Jackson Hole symposium and an upcoming class debate on bank accountability.
20120326c_Back To School-Cols DispatchSteve Newman
This document summarizes the growing trend of baby boomers returning to college in their 50s and 60s to gain new skills and retrain for new careers due to job losses and downsized retirement accounts from the recession. It discusses how enrollment of older students at Columbus State Community College increased over 80% between 2007-2011, making them the fastest growing student group. It provides an example of 51-year-old Steve Newman who returned to college after being laid off from his engineering job of 25 years. Experts say retraining older workers is important for the economy as the labor force growth declines with retiring baby boomers.
The document summarizes and investigates claims that the Bureau of Labor Statistics manipulated unemployment data for political reasons. It discusses how the BLS collects employment data through comprehensive surveys and calculates unemployment statistics through a transparent process. The document argues that conspiring to manipulate the data would require cooperation across many professional staff over years and that the surveys show consistent results over time. It concludes that the drop in the unemployment rate was consistent with the details of the jobs reports and slowing economic growth.
This document discusses unemployment, its causes, effects, and measures. It defines unemployment and categorizes it as voluntary, involuntary, disguised, demand deficiency, seasonal, and structural. Unemployment causes economic issues like low income and productivity as well as social issues like unrest. Solutions proposed include encouraging small businesses, subsidies based on employment, and increased government spending to reduce unemployment.
This document provides information on various tobacco and nicotine cessation resources including the Tobacco Independence Program offered by Holy Family Memorial which provides community and employer classes, the Freedom From Smoking program offered by the American Lung Association and Salvation Army and Aurora Health Care, the Wisconsin QuitLine free telephonic service, the online "Become an Ex" program from the American Legacy Foundation, tobacco cessation information and guides from the American Cancer Society, and the "First Breath" program for pregnant tobacco users through the Manitowoc County Health Department.
Chamber Customer Service August PresentationTheChamber
The document discusses the importance of fast customer service and response times for generating revenue. It provides tips for streamlining processes, giving partial answers to customers, tracking response times, and eliminating roadblocks to provide fast customer service. It also covers best practices for interacting with and serving customers, including using clear language, bending policies respectfully for good customers, and building rapport to turn difficult customers into loyal buyers. The overall message is that fast customer service response times are important for revenue and that focusing on continuous improvement can help organizations provide better service.
This document discusses e-cigarettes and tobacco-free workplaces. It notes that tobacco use causes over 430,000 deaths per year in the US. Wisconsin law bans smoking in enclosed public places and workplaces, but does not mention e-cigarettes. The document lists reasons to be concerned about e-cigarettes, including that they emit more than water vapor and appeal to youth, and notes e-cigarettes are unregulated and not approved as a cessation device. It encourages revisiting workplace policies to address e-cigarettes and educating employees on the issues.
This document summarizes an OSHA presentation given on April 2, 2014 in Manitowoc, WI. The presentation covered upcoming changes and initiatives at OSHA for fiscal year 2014, including changes to the Hazard Communication standard to align with the Globally Harmonized System of Classification and Labeling of Chemicals. Emphasis programs for 2014 in Wisconsin include silica, falls, trenching/excavation and other hazards. Resources available from OSHA were also reviewed, including the free consultation service and various mobile apps and publications.
Manitowoc Public School District Referendum Presentaiton 10-6-2014TheChamber
The Manitowoc Public School District is facing budget cuts of over $6 million in the last 3 years due to reductions in state aid and increases in employee benefit costs. This has resulted in the elimination of over 40 staff positions and cuts to programs. The district is proposing a referendum to exceed its revenue limit by $1 million to maintain current programs, $600,000 for maintenance and security needs, and $400,000 for technology updates. The measures would cost the average taxpayer $1.48 more per week but help address a projected $1 million budget shortfall each of the next 5 years.
This document summarizes the history and current state of minimum wage policies in the United States. It discusses how the minimum wage movement began in the early 20th century and the key milestones in establishing federal and state minimum wage laws. It also outlines the demographics of minimum wage workers, arguments for and against increasing the minimum wage, the relationship between productivity/poverty and the minimum wage rate, and the public costs of low wages.
May 2014 - Is time running out for the minimum wage policy?FGV Brazil
Economists analyze proposals for revising minimum wage policy in 2015 and ask, Should it be based on productivity?
The Brazilian Economy is one of the oldest publications for expert economic analysis of both the Brazilian and international economies. Through this publication, FGV’s Brazilian Institute of Economics and Finance (FGV/IBRE) compares different periods of the economy, assessing both macroeconomic considerations and scenarios related to finance, administration, marketing, management, insurance, statistics, and price indices.
For more information, and Brazilian economic index results, visit: http://bit.ly/1EA1Loz
Lakeshore Economic Analysis Project - The Full StoryTheChamber
Lakeshore Economic Analysis Project (LEAP) - The Full Story, presented by: Dean Halverson, CEO, Leede Research Group unveils the results of the LEAP Survey.
The document provides tips and strategies for improving customer service and response times. It emphasizes that fast customer service leads to more revenue through quotes, bids, sales, and customer retention. It recommends tracking response times, streamlining processes, and giving partial responses to customers. Additional tips include using customers' preferred communication methods, building rapport, handling complaints effectively, underpromising and overdelivering, and finding ways to add value for customers. The overall message is that fast, friendly, and helpful customer service is key to business success.
Contractor Night 2014 Wall Bracing UpdateTheChamber
The document discusses the need for updated residential wall bracing codes to account for new engineered wood products and decreased sheathing surface areas, outlines the process by which the Wisconsin Builder's Association worked with the Department of Safety and Professional Services over several years to develop a new easier to follow wall bracing code, and provides details on the requirements and specifications of the proposed new wall bracing code.
The document discusses ISIS's involvement in the civil wars in Iraq and Syria since April 2013. It analyzes whether the conflicts should be considered a single religious civil war involving ISIS or separate from the pre-existing wars in each country. The author argues that ISIS's goal of establishing a transnational caliphate and confrontation of governments in both countries makes its involvement a new religious civil war spanning Iraq and Syria. The war risks destabilizing the region and spreading jihadist rule. While the U.S. has taken several steps in response, they have not eradicated the ISIS threat or sought a resolution in Syria.
The document discusses minimum wage in Hong Kong. It defines minimum wage as the legal lowest limit of wages that aims to ensure workers receive fair compensation. Minimum wage is calculated based on household expenditure and inflation rates. Hong Kong's minimum wage is currently between $33-35 per hour. The document outlines both the pros and cons of minimum wage, noting it can help workers while potentially leading companies to lay off those without skills. It suggests identifying less skilled workers, providing training, and creating new job opportunities to address unemployment issues.
Proposal to lower or remove the minimum wage to reduce firms\’ labor costs and reduce the unemployment rate by providing more low-skilled workers with jobs.
Education and Awareness in the Workplace: A Key to a Dementia Friendly CommunityTheChamber
The document discusses education and awareness about dementia in the workplace. It aims to make communities more dementia-friendly. The presentation covers basic dementia statistics, types of dementia, warning signs, strategies to improve brain health like exercise and social activity, acknowledging dementia in the workplace, communicating with those who have dementia, and creating a dementia-friendly community.
The document discusses concepts related to minimum wage calculations in India. It describes how the Suresh Tendulkar committee defined poverty levels based on food, education, and housing expenditures. The committee established poverty lines of Rs. 32/day in urban areas and Rs. 26/day in rural areas based on ability to purchase a minimum daily calorie intake. The document also shares the experience of two individuals who lived on these minimum wages in a village in Kerala. They struggled to afford even basic nutrition and amenities, highlighting how the official poverty lines may not adequately cover a life with dignity.
The Minimum Wages Act, 1948 aims to protect unorganized workers from exploitation by mandating minimum wages. Key points:
- It allows the government to set minimum wages for scheduled employments where workers are vulnerable to exploitation. Minimum wages must ensure subsistence as well as efficiency.
- Minimum wages are set based on ethics, not economics, and must be paid regardless of industry capacity. Industries unable to pay minimum wages must shut down.
- The Act defines wages and employees covered. It outlines procedures for fixing and revising minimum wages and ensures payment of minimum wages for overtime, piecework, and incomplete workdays.
- Penalties are prescribed for paying less than minimum wages. Compensation of up
The Minimum Wages Act of 1948 was passed to protect unorganized workers in certain industries by establishing minimum wage rates. The Act aims to ensure wages are enough not just for a worker's subsistence but to maintain their work efficiency. It empowers the appropriate government to fix minimum wages for scheduled employments where exploitation is common. Key objectives include preventing exploitation, empowering governments to set and revise wages regularly, and applying the law widely in organized sectors. The Act outlines procedures for fixing and revising wages every five years and establishes advisory boards. It regulates payment and overtime wages, and penalties are prescribed for paying less than minimum wage.
The minimum wage helps support family incomes, reducing inequality and poverty, but as a slide deck from the Council of Economic Advisers shows, as the real value of the minimum wage has been allowed to erode, it has stopped serving this important purpose.
This document is an argumentative essay on raising the minimum wage. It summarizes research showing that a 12% increase in the minimum wage would provide benefits to 16.8% of workers living in poverty. However, other research cited finds little relationship between minimum wage increases and reducing overall state poverty rates. The essay argues that the minimum wage should be raised to at least $10 an hour to help reduce poverty and decrease reliance on government assistance, given that the cost of living has increased while the minimum wage has remained low. However, small increases in the minimum wage may negatively impact wage growth for some low-income workers.
The document discusses income inequality and poverty in the United States. It examines how inequality is measured and has changed over time. Political philosophies like utilitarianism, liberalism, and libertarianism offer different views on the government's role in redistributing income. The document also analyzes policies aimed at reducing poverty, including minimum wage laws, welfare, negative income taxes, and in-kind transfers, as well as their potential impacts on work incentives.
This document summarizes the key issues around raising the federal minimum wage in the United States. It begins by defining a living wage and outlining the current federal and state minimum wages. It then discusses who would benefit from a wage increase, including many adults with some college education working full-time. The benefits cited include increased consumer spending and economic growth. Potential drawbacks include possible job losses. Social workers advocate for raising minimum wage to help reduce poverty. The document concludes by recommending increasing the minimum wage to $15 per hour nationally to better enable people to afford basic needs like housing.
This document discusses raising the federal minimum wage in the United States. It provides background on the current federal minimum wage of $7.25 per hour and state minimum wages. It also outlines the benefits of raising the minimum wage, such as helping more people earn a living wage and boosting the economy through increased consumer spending. However, some drawbacks mentioned are potential job losses and higher prices for businesses. The document advocates for increasing the minimum wage to help more low-income workers and reduce poverty and reliance on public assistance programs. It recommends raising the minimum wage to $15 per hour nationally.
The document discusses social stratification and systems of stratification including open and closed systems. It provides data on income, wealth, socioeconomic status, prestige ratings for different occupations, poverty rates by race/ethnicity, education levels and age groups. It also discusses the working poor, distributions of household income and rates of health insurance coverage.
Does raising minimum wage reduce poverty canada - may 2017paul young cpa, cga
Government is looking at ways to help people. The problem is forcing more rules and regulations will do little to help people as business will always look for ways to reduce cost.
This document discusses the economic challenges facing many of West Virginia's working families and proposes establishing a State Earned Income Tax Credit (SEITC) to help address these issues. It notes that over 300,000 residents live below the poverty level, including 87,000 children, and that stagnant wages, rising costs of living, and tax structure have contributed to families' struggles. A SEITC modeled after successful programs in other states could provide additional income to an estimated 90,000 households and promote greater economic security, particularly for those with incomes just above the poverty line.
A presentation on work, wages and economic inequality in Louisiana. Shared at the Together Louisiana Statewide Issues Conference on February 15th, 2014.
There are three main methods for redistributing income discussed in the document:
1) In-kind transfers such as food stamps and Medicaid provide direct transfers of goods and services to lower income individuals.
2) Cash transfers like TANF provide direct cash payments but can reduce incentives to work.
3) A negative income tax provides cash payments to lower income individuals while imposing taxes on higher incomes, incentivizing work more than traditional welfare programs. However, it is politically challenging and could reduce work incentives.
Politicians will face major voter backlash if they advocate cuts in Social Security benefits or choose deficit reduction over job creation, according to a poll by Greenberg Quinlan Rosner commissioned by the Campaign for America’s Future and Democracy Corps, with support from MoveOn.org; the American Federation of State, County and Municipal Employees, and the Service Employees International Union.
Two-thirds of small business owners support increasing the federal minimum wage from $7.25 per hour and adjusting it annually for cost of living increases. A poll found that 85% of small businesses already pay above the minimum wage. Additionally, small business owners believe raising the minimum wage would boost consumer demand and the overall economy by allowing low-income individuals to purchase more goods and services.
This document summarizes research on the Earned Income Tax Credit (EITC) program in the United States. It discusses how the EITC has grown to be the largest welfare program, providing $78 billion in 2011. While the EITC encourages single mothers to enter the workforce, its effect on hours worked is unclear, with some studies finding no change and others a small decrease. The document reviews literature showing the EITC increases labor force participation but has mixed effects on hours worked. It also discusses how individuals' understanding of the EITC schedule impacts earnings and how more research is needed to fully understand the EITC's effects on pre-tax income.
This document provides an overview of trends in poverty and inequality in Boston based on analysis by the Boston Redevelopment Authority Research Division. It finds that while personal income has increased significantly for women over 40 years, household income has remained stagnant. The poverty rate, around 20-23% in recent decades, fell slightly after the Great Recession. Inequality has grown, with higher-income households gaining a larger share while middle-income households have declined. Specific populations, including racial minorities, women, families with children, and those with less education face disproportionate rates of poverty and lower incomes.
The document discusses sources of inequality in society and different measures used to assess poverty levels. It examines government programs aimed at reducing poverty like welfare, minimum wage, and a proposed universal basic income. The summary also analyzes arguments for and against these anti-poverty policies from perspectives of both supporters concerned with equality and opponents worried about reduced incentives to work.
Similar to "Financial Impacts and Policy Considerations of a Minimum Wage Increase" (16)
This document introduces Lighthouse Recovery Community Center and its Recovery Oriented Employer Program. It summarizes that substance use disorders cost businesses thousands per year due to lost productivity. Lighthouse's program pairs employees in recovery with peer recovery coaches for confidential support to successfully manage their conditions. This increases recovery success rates from 11% with treatment alone to 50-60% when combining treatment, peer support, sober living and recovery-oriented employment. The program benefits employers through reduced costs and improved productivity, while benefiting employees through effective, confidential and sustainable support.
The document discusses promoting sustainable wellness in the workplace. It provides an example schedule for Green Bay Packers running back AJ Dillon for January through February that includes employment, fitness routines, physical therapy, and recovery methods. It also lists personal benefits of wellness programs, lessons learned, and actions employers can take like communication strategies, assistance programs, onsite health services, and robust benefits.
Occupational Safety & Health Administration (OSHA) 2022 updateTheChamber
The document summarizes the 2022 update from the Occupational Safety & Health Administration (OSHA) Region 5. It outlines the top 10 OSHA violations so far in 2022, which include fall protection, hazard communication, and respiratory protection standards. It also discusses current national and local emphasis programs that OSHA is focused on, such as machine guarding, heat/cold stress, and construction suicide prevention. National programs center on hazards like combustible dust, coronavirus, and trenching/excavation safety. The presentation provides an overview of OSHA regulations and enforcement strategies to improve workplace safety.
This document discusses mental health, mental illness, and systemic solutions in the workplace. It defines mental health as a state of well-being that allows people to cope with stress and function well. Mental illness is a diagnosable disorder that impacts how one feels, thinks and acts. Common causes include genetics, trauma and stress. The document then outlines some ways companies are working to improve mental health through focusing on culture, benefits, policies, environment, outcomes measurements and innovation. It provides local resources for mental health support.
Bellin Psychiatric Center is one of the largest mental health providers north of Milwaukee. It offers both inpatient and outpatient services, including inpatient hospital services for children/adolescents and adults, as well as inpatient adult detox services. Outpatient services include intensive outpatient programs for mental health and substance use, a DBT program, and outpatient psychiatric and therapy services. The center employs over 70 providers, including psychiatrists, nurse practitioners, psychologists, and therapists. Thirteen of its therapists provide school-based mental health services in 10 school districts and 21 school locations, with plans to expand to another district.
This document discusses Wisconsin's economic recovery and labor market challenges. It notes that while the economic recovery is underway, Wisconsin faces a labor quantity challenge as the workforce is not growing quickly enough. Technology will continue to advance and impact jobs through automation. The chief economist analyzes various factors influencing the labor supply and demand balance such as demographics, migration patterns, childcare access, wages, and automation. He discusses potential solutions like immigration, skills training, and increasing wages but notes fixing the workforce issue will require macro-level solutions.
Webinar: COVID-19 Updates with Stephanie LambertTheChamber
Stephanie Lambert, Health Officer, Manitowoc County Health Department shares some COVID-19 updates for October 2021, view the recording here: https://www.facebook.com/TheChamberofManitowocCounty/videos/377583460764338
Stroke Education for the Workplace:
Why You Need It and What Employees Should Know
By
Rachel Reas MBA, BSN, RN
Neuroscience Market Manager, Aurora BayCare Medical Center
A Paradigm Shift: Work, COVID-19 & OSHA
A 2021 OSHA Update - September 2021
Originally Done September 2020
By
Tom Fitzgerald, MSOB, PHR
OSHA Outreach Instructor 29 CFR 1910
Safety Advocate and Coach
Safety Fitz LLC
Psychological Safety: An Important Component for Safety in the Workplace
Psychological safety has been referred to as the single most important characteristic for successful teams and leads to decrease in turnover and increases in effectiveness. Psychological safety is the belief that your environment is safe for interpersonal risk-taking meaning that asking questions, pointing out problems, and suggesting innovation will be responded to in a respectful manner. This presentation will cover what psychological safety is, why it’s important, how to assess its presence, and tips on how to grow this in your workplace.
By
Paula Allen, MS, BSN, RN, CPPS and
Karen Allard, MS, BA, RN.
Patient Safety Specialists, Bellin Health
This document provides information about strokes including key facts, risk factors, treatments, and prevention strategies. It notes that strokes are a leading cause of death and disability in the US, with about 795,000 occurring per year. Both ischemic and hemorrhagic strokes are medical emergencies requiring immediate treatment, with outcomes dependent on minimizing time to treatment. Common risk factors include hypertension, smoking, diabetes, high cholesterol, and atrial fibrillation. Signs of stroke include sudden numbness, confusion, trouble speaking, and vision changes. The document emphasizes the importance of recognizing signs early and calling 911 to receive rapid evaluation and treatment.
7 Tips to Fire Up Your Content for Nonprofit MarketingTheChamber
The document provides 7 tips for non-profits to fire up their content marketing. Tip 1 is to plot objectives like engaging donors and telling stories. Tip 2 suggests considering a blog format for timely content and building relationships. Tip 3 is to repurpose content across different media. Tip 4 advises getting personal by sharing stories of real people and supporters. Tip 5 is to listen to the target audience. Tip 6 finds a balance of content types. Tip 7 is to get help from others to establish roles and capabilities. The tips aim to embrace new strategies and diversify content sources.
Enlightening session presented by a team of three seasoned marketing professionals with over 80 years of combined marketing experience to learn more about new and traditional free or low cost marketing techniques. You’ll go back to your workplace with a list of ideas for electronic, community focused and traditional marketing tips as well as other resources.
Customer Service in Manitowoc County: Bringing Fun To LifeTheChamber
The document discusses customer service best practices for businesses in Manitowoc County. It covers the importance of providing a welcoming greeting to customers, creating relationships with customers, and providing clear and timely information. It notes that 68% of customers do not return due to indifference or rudeness from staff. Additional topics covered include defusing angry customers, promoting local attractions, and using social media for customer service.
This one page marketing roadmap provides guidance on developing a marketing plan for a business. It outlines key elements to include such as describing the business, products/services, unique selling proposition, goals, target market, budget, marketing activities, and a calendar to plan activities over a 12 month period. The plan is intended to help business owners strategically grow their company through defining their offer, customers, and tactical marketing.
A Small Business Guide to a Marketing PlanTheChamber
This 1-page marketing plan template provides guidance on developing an effective yet simple marketing plan. It includes sections for summarizing your business, products/services, goals, target market, budget, and marketing activities. The key aspects are to understand your customers and their needs, identify your unique selling proposition, and align your goals and tactics. Having a clear plan will help focus your efforts and guide your business forward.
The document provides information about the Chamber of Manitowoc County, including its mission, staff, and services offered to member businesses. The Chamber aims to promote economic prosperity in the county through business referrals, marketing opportunities like advertising in its newsletter and savings card, and educational events and roundtables on topics like safety, leadership, and connecting with government. It outlines the various ways it helps member businesses promote themselves and connect with the local community.
The final rule on walking-working surfaces from OSHA applies to general industry workplaces and covers horizontal and vertical surfaces like floors, stairs, roofs, ladders, ramps, and elevated walkways. It requires fall protection systems to meet new standards, including D-rings, snaphooks, and carabiners that can withstand 3,600 pounds of force without damage. Employers have additional time, ranging from 6 months to 5 years, to comply with requirements like certifying anchorages, adding fall protection to fixed ladders, and providing fall hazard training to workers. The rule became effective in January 2017 and aims to reduce injuries from falls in general industry.
Good morning, there is a person here that says they are an OSHA Compliance Sa...TheChamber
This document provides guidance on preparing for and responding to an OSHA inspection. It advises relaxing as inspections are inevitable. It recommends being prepared by ensuring all required posters and documentation like training records and safety programs are up to date. It outlines how to conduct an opening meeting, tour, interviews and closing meeting professionally. It also discusses the citation process and available assistance after the inspection. The overall message is to see the inspection as a learning opportunity and make safety improvements.
The document summarizes a safety symposium on selling safety initiatives in the workplace. It discusses calculating the direct and indirect costs of safety incidents, using process mapping and time studies to identify inefficiencies, and calculating return on investment for new safety equipment or processes. Tips are provided for building support for safety, creating pitches for new safety investments, and utilizing available resources to implement improvements. The goal is to demonstrate the financial benefits of safety programs to obtain support for initiatives.
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Since fleeing to the United States in 2014, Guo Wengui has founded a number of projects in the United States, such as GTV Media Group, GTV private equity, farm loan project, G Club Operations Co., LTD., and Himalaya Exchange.
Why We Chose ScyllaDB over DynamoDB for "User Watch Status"ScyllaDB
Yichen Wei and Adam Drennan share the architecture and technical requirements behind "user watch status" for a major global media streaming service, what that meant for their database, the pros and cons of the many options they considered for replacing DynamoDB, why they ultimately chose ScyllaDB, and their lessons learned so far.
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Discover the power of staying updated on the latest political events at Mecella! Our dedicated Politics section offers comprehensive coverage, insightful analysis, and expert commentary. Stay informed with recent political events, breaking news and in-depth articles on worldwide political developments. Join us in understanding the world of politics!
यूजीसी-नेट और NEET परीक्षा (कई अन्य के अलावा, 2018 तक सीबीएसई द्वारा आयोजित की जाती थी, जो भारत में सार्वजनिक और निजी स्कूलों के लिए एक राष्ट्रीय शिक्षा बोर्ड था (और है), जिसे भारत सरकार द्वारा नियंत्रित और प्रबंधित किया जाता था।
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Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
CLICK:- https://firstindia.co.in/
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18062024_First India Newspaper Jaipur.pdfFIRST INDIA
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
CLICK:- https://firstindia.co.in/
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La defensa del expresidente Juan Orlando Hernández, declarado culpable por narcotráfico en EE. UU., solicitó este viernes al juez Kevin Castel que imponga una condena mínima de 40 años de prisión.
मद्रास उच्च न्यायालय के सेवानिवृत्त न्यायाधीश और केंद्र और राज्य सरकार के नौकरशाहों सहित आठ अन्य लोगों की अध्यक्षता वाली एक उच्च स्तरीय समिति ने 2021 में NEET परीक्षा को खत्म करने की सिफारिश की थी। महत्वपूर्ण बात यह है कि रिपोर्ट में 2010-11 में ग्रामीण पृष्ठभूमि से तमिल छात्रों की संख्या में 61.5% की भारी गिरावट को दर्शाया गया है। इसके बजाय मेट्रो छात्रों में वृद्धि दर्ज की गई है।
19 जून को बॉम्बे हाई कोर्ट ने विवादित फिल्म ‘हमारे बारह’ को 21 जून को थिएटर में रिलीज करने का रास्ता साफ कर दिया, हालांकि यह सुनिश्चित करने के बाद कि फिल्म निर्माता कुछ आपत्तिजनक अंशों को हटा दें।
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"Financial Impacts and Policy Considerations of a Minimum Wage Increase"
1. The Chamber – Manitowoc County Business Connects
With Government
November 3, 2014
2. Who Earns the Minimum Wage?
Minimum Wage Increase:
• Employer Impacts
• Employee Impacts
Policy Considerations:
• The Poverty Argument
• The Economic Stimulus Argument
• The “Trapped Wages” Argument
• The Single Mom Argument
• The Economic Equality Argument
Public Opinion
Wisconsin’s Chamber
4. Founded in 1911, WMC is the State Chamber of Commerce and
Manufacturers Association
More than 3,700 members statewide, or about ¼ of Wisconsin’s
private sector workforce
Represent all sectors of economy, and businesses of all size
Mission: To make Wisconsin the most competitive state in the
nation to do business
Wisconsin’s Chamber
6. In 2012, the U.S. Department of Labor (DOL) reported 3.6
million minimum wage workers.
Civilian labor force in 2012 averaged 154.9 million workers.
Minimum wage workers comprised 2.3% of the labor force.
Wisconsin’s Chamber
7. Looking at workers aged 25 and older, only 1.1% are
minimum wage earners.
According to Pew Research, 64% of minimum wage workers
are only working part-time, which typically does not
indicate someone working a career.
Wisconsin’s Chamber
9. U.S. Census Bureau: only 16.5 percent of minimum wage
recipients are raising a family.
The remaining 83.5 percent are teenagers living with working
parents, adults living alone, or dual-earner married couples.
Percentage of total workforce raising a family on
minimum wage is 0.45%.
Wisconsin’s Chamber
10. Raising the minimum wage will increase the cost of labor for
employers, including:
• Higher costs paid for wages
• Higher Social Security taxes
• Higher Medicare taxes
• Higher unemployment taxes
Wisconsin’s Chamber
11. Higher labor costs from government-mandated wage hikes do
not result in additional efficiency, output or productivity.
Higher costs without a corresponding economic gain make it
extremely difficult to grow the business, and is not sustainable
in the long term.
Wisconsin’s Chamber
12. How do employers cope with higher labor costs? They
typically respond by:
• Reducing hours available for work
• Reducing employee benefits
• Cutting existing employees
• Stop hiring new/additional employees
• Raising prices for goods & services
None of these options are good outcomes for employees.
Wisconsin’s Chamber
13. Because minimum wage workers tend to be young, unskilled,
entry level workers, the loss of minimum wage jobs is
especially harmful to this category of employees.
The loss of entry level jobs where workers can learn “soft
skills” and begin to climb the economic ladder will have
negative ripple effects on our economy and employers’ ability
to hire in the future.
Wisconsin’s Chamber
14. How many jobs would be lost by raising the minimum wage
from $7.25 to $10.10 per hour?
U.S. CBO: estimated about 500,000 lost jobs nationwide, but
noted possibility of up to 1 million
Employment Policy Institute: 27,659 lost jobs in Wisconsin
Wisconsin’s Chamber
15. How many jobs would be lost by raising the minimum wage from
$7.25 to $15.00 per hour?
National estimates have been difficult to find, but wage and
payroll tax impacts would amount to $17,500 cost increase per
employee. (Forbes)
MacIver Institute: 91,000 lost jobs in Wisconsin
Wisconsin’s Chamber
16. The study focused on raising the minimum wage to $15 per hour in the
fast food sector.
Average fast food restaurant’s wages/payroll account for 26% of sales.
Profit margin is typically around 3% of sales.
$15 per hour minimum wage would result in:
• 36% fewer hours worked
• 38% higher prices
• 36% less sales
• 77% drop in profits
Wisconsin’s Chamber
18. Talking Point: Minimum wage workers are living in poverty, and
need higher wages to sustain themselves.
Fact: In Wisconsin, 70% of minimum wage workers live with a
parent/relative, or are in a dual earner household. (Census Bureau)
Fact: The average family income in Wisconsin with a minimum
wage earner is $ 63,293. (Census Bureau)
Wisconsin’s Chamber
19. Fact: Nationally, in 94 percent of families with an adult who
works a job that pays the minimum, the spouse works as well.
Fact: In 80% of minimum wage families with a children
present, the minimum wage accounts for less than 20 percent
of the household’s total income.
Wisconsin’s Chamber
20. Talking Point: Raising the minimum wage will inject between
$15 billion to $30 billion of new spending power into the
economy, stimulating job creation.
Fact: This argument fails to account for the lost wages from
terminated workers, who now have zero buying power.
Wisconsin’s Chamber
21. Fact: We have a $15 trillion economy - $30 billion is
immaterial to the macroeconomic picture, and would not be
impactful.
Fact: In 2009, an $800 billion federal stimulus did not result in
significant or long-term job creation, nor did it reduce
unemployment or improve the economy. In fact,
unemployment continued to remain higher than it was prior
to the stimulus
Wisconsin’s Chamber
22. Talking Point: Workers are being “trapped” at the minimum
wage by employers who refuse to increase wages unless the
legislature forces them to pay more.
Fact: Two-thirds of minimum wage workers receive a raise in
less than a year, with a median raise of 24%. (Meer & West,
National Bureau of Economic Research)
Wisconsin’s Chamber
23. Talking Point: Most minimum wage workers are single moms
struggling to provide for their kids.
There are few jobs more difficult than being a single mom, and
they are deservedly a very sympathetic demographic. That said…
Fact: In Wisconsin, only 9% of minimum wage workers (0.29% of
all workers) are single earners with kids, and numerous public
assistance programs supplement that income.
Wisconsin’s Chamber
24. Talking Point: Increasing the minimum will promote economic equality
by lifting people out of poverty.
Fact: Between 2003 and 2007, a total of 2 states raised their minimum
wage above the federal minimum. A 2010 study by Sabia and Burkhauser
found no evidence that poverty was reduced in any of those states.
Fact: US Census bureau reports that 59.7% of working-age people in
poverty do not work, and are therefore not impacted by a minimum wage
hike.
Wisconsin’s Chamber
25. Polls often show strong public support for increasing the minimum wage,
largely because people don’t understand the issue and economic
implications.
WMC commissioned a statewide survey in February, and found 53%
support raising the minimum wage to $10.10 per hour, with 40%
opposed.
When told that raising the wage could result in 27,000 lost jobs, support
dropped to 39%, with 51% opposing the idea.
Messaging really matters!
Wisconsin’s Chamber
26. The politicians, labor unions and liberal advocacy groups
supporting the national effort to increase the minimum wage to
$15 per hour are selling it with an income equality message.
Yet the exact opposite would happen in practice. The massive lost
jobs and economic dislocation resulting from a $15 per hour
minimum wage would hit low-wage, entry level workers the
hardest – and would only widen the gap between the richest and
poorest workers in this country.
Wisconsin’s Chamber
27. Scott Manley
Vice President of Government Relations
Wisconsin Manufacturers & Commerce
(608) 258-3400
Follow me on twitter:
@ManleyWMC
Wisconsin’s Chamber