Eternity RPC Board
03-13-2017, 07:34 PM
(This post was last modified: 03-13-2017, 07:35 PM by Seperallis.)
Milan Vuletaski - NL
The esteemed assemblyman from the NMP will be happy to hear that considerations on the effects increased minimum wages have upon employment and price inflation was the subject of some... heated discussions within the NL for some time. During the course of drafting this bill, we looked back on studies looking at the effects of wage increases spanning the entire history of a federal minimum wage, because we were especially concerned about such things.
During our investigation, we discovered something peculiar: when moderate increases are made to the federal minimum wage, there is, funnily enough, no noteworthy increase to inflation! Even more surprising, overall employment was unaffected; however, as we have already discussed, tipping industries do see some such changes, thus our intent to shield those workers and those jobs from such effects through our exemption provisions.
As a matter of fact, we have noticed an actual, slight increase in economic performance after such modest wage increases, more often than not due to such wages almost always going directly back into the market as increased spending. That info, coupled with the fact that the federal minimum wage has not seen any meaningful, real changes for more than Three Decades, is why we feel the time is right for this modest and pragmatic increase.
Thank you for your concerns, however, assemblyman.
The esteemed assemblyman from the NMP will be happy to hear that considerations on the effects increased minimum wages have upon employment and price inflation was the subject of some... heated discussions within the NL for some time. During the course of drafting this bill, we looked back on studies looking at the effects of wage increases spanning the entire history of a federal minimum wage, because we were especially concerned about such things.
During our investigation, we discovered something peculiar: when moderate increases are made to the federal minimum wage, there is, funnily enough, no noteworthy increase to inflation! Even more surprising, overall employment was unaffected; however, as we have already discussed, tipping industries do see some such changes, thus our intent to shield those workers and those jobs from such effects through our exemption provisions.
As a matter of fact, we have noticed an actual, slight increase in economic performance after such modest wage increases, more often than not due to such wages almost always going directly back into the market as increased spending. That info, coupled with the fact that the federal minimum wage has not seen any meaningful, real changes for more than Three Decades, is why we feel the time is right for this modest and pragmatic increase.
Thank you for your concerns, however, assemblyman.