Tag Archives: minimum

The Theoretical Minimum – Leonard Susskind & George Hrabovsky

by Myrna Posted on October 28, 2018

READ GREEN WITH E-BOOKS

The Theoretical Minimum

What You Need to Know to Start Doing Physics

Leonard Susskind & George Hrabovsky

Genre: Physics

Price: $3.99

Publish Date: April 22, 2014

Publisher: Basic Books

Seller: Hachette Digital, Inc.


A master teacher presents the ultimate introduction to classical mechanics for people who are serious about learning physics "Beautifully clear explanations of famously 'difficult' things," — Wall Street Journal A Wall Street Journal Best Book of 2013 If you ever regretted not taking physics in college–or simply want to know how to think like a physicist–this is the book for you. In this bestselling introduction, physicist Leonard Susskind and hacker-scientist George Hrabovsky offer a first course in physics and associated math for the ardent amateur. Challenging, lucid, and concise, The Theoretical Minimum provides a tool kit for amateur scientists to learn physics at their own pace.

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The Theoretical Minimum – Leonard Susskind & George Hrabovsky

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Hillary Fudges on the Minimum Wage

by MagaretArledge Posted on April 15, 2016

Mother Jones

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I didn’t see last night’s debate, but I noted this in the transcript this morning:

BLITZER: If a Democratic Congress put a $15 minimum wage bill on your desk, would you sign it?

CLINTON: Well, of course I would. And I have supported supported the fight for 15. I am proud to have the endorsement of most of the unions that have led the fight for 15. I was proud to stand on the stage with Governor Cuomo, with SEIU and others who have been leading this battle and I will work as hard as I can to raise the minimum wage. I always have. I supported that when I was in the Senate.

SANDERS: Well, look…

CLINTON: But what I have also said is that we’ve got to be smart about it, just the way Governor Cuomo was here in New York. If you look at it, we moved more quickly to $15 in New York City, more deliberately toward $12, $12.50 upstate then to $15. That is exactly my position. It’s a model for the nation and that’s what I will do as president.

This is a pretty obvious evasion, and I’m sorry to see it. Here’s her official position:

Hillary believes we are long overdue in raising the minimum wage. She has supported raising the federal minimum wage to $12, and believes that we should go further than the federal minimum through state and local efforts, and workers organizing and bargaining for higher wages, such as the Fight for 15 and recent efforts in Los Angeles and New York to raise their minimum wage to $15.

Blitzer’s question was clearly about raising the federal minimum wage to $15, and Hillary immediately said she’d support that. But she doesn’t. She supports a $12 federal minimum wage. Pretty obviously, though, she wanted the TV audience to take away a different impression.

I hate to see pandering like this. Hillary’s position on the minimum wage is perfectly reasonable: a federal minimum of $12. States and cities have always been able to enact higher minimums if they want, and the president has no say over that. So why not say so? Would she really lose that many votes? My guess is that none of the hardcore $15 folks are voting for her in the first place.

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Hillary Fudges on the Minimum Wage

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A New Offering from the Quirky Cass McCombs

by DarwinL0258 Posted on January 11, 2016

Mother Jones

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The gifted Cass McCombs is often viewed as a modern example of the traditional singer-songwriter, but he’s also capable of heading off in plenty of other interesting directions when he thinks nobody’s paying close attention. Ranging from 2003 to 2014, the aptly named A Folk Set Apart: Rarities, B-Sides & Space Junk, Etc. collects stray 7″ singles, outtakes, and other marginalia that underscores his versatility with an intriguing mix of buoyant power pop, rowdy punk-rock, bluesy raveups, and even a whimsical guitar instrumental. Highlights include “Bradley Manning,” a brooding protest ballad, and the breathtaking dreamscape “Minimum Wage.” More than the throwaway it might seem at first, this is one of McCombs’ best albums, which is saying something.

Courtesy of Domino Records

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A New Offering from the Quirky Cass McCombs

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The Minimum Wage Took a Beating Last Night

by DanelleTier Posted on November 11, 2015

Mother Jones

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Nobody was in favor of raising the minimum wage last night:

Trump: Taxes too high, wages too high, we’re not going to be able to compete against the world….People have to go out, they have to work really hard and have to get into that upper stratum.

Carson: My first job working in a laboratory as a lab assistant, and multiple other jobs. But I would not have gotten those jobs if someone had to pay me a large amount of money….I would not raise it. I would not raise it, specifically because I’m interested in making sure that people are able to enter the job market and take advantage of opportunities.

Rubio: If I thought that raising the minimum wage was the best way to help people increase their pay, I would be all for it, but it isn’t. In the 20th century, it’s a disaster. If you raise the minimum wage, you’re going to make people more expensive than a machine.

So we have a billionaire who says people just have to suck it up and work harder; a neurosurgeon who doesn’t realize he got paid minimum wage for his jobs as a kid; and a senator who thinks it’s still the 20th century. But one thing is for sure: they’re in favor of cutting taxes on the rich and keeping wages low for the poor. Sweet.

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The Minimum Wage Took a Beating Last Night

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Ben Carson Just Made a Completely Bogus Argument for Not Raising the Minimum Wage

by CarmonRoy Posted on November 11, 2015

Mother Jones

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Flying in the face of what most economists believe, GOP presidential hopeful Ben Carson announced that raising the minimum wage would cost America jobs.

“Every time we raise the minimum wage, the number of jobless people increases,” the retired neurosurgeon said during the fourth televised GOP debate. “If you lower those wages, that comes down,”

Only one problem: this claim is seriously contested. More than 600 economists signed a letter to President Barack Obama and Congressional leaders last year urging the government to raise the federal minimum wage.

“The weight of evidence now shows that increases in the minimum wage have had little or no negative effect on the employment of minimum-wage workers, even during times of weakness in the labor market,” the economists wrote.

There are some forecasts that support Carson’s view: the Congressional Budget Office last year said that raising the federal minimum wage to $10.10 would cost the US economy 500,000 jobs.

But many economists disagree with these estimates and so does the US Department of Labor. State-by-state hiring data released last year by the Department of Labor showed that the 13 states that raised their minimum wages at the start of the year gained jobs faster than their peers.

The federal minimum wage was last raised in 2009.

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Ben Carson Just Made a Completely Bogus Argument for Not Raising the Minimum Wage

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Hillary Clinton Just Endorsed a $15 Minimum Wage. But Not For Everyone.

by RefugioQ83 Posted on July 24, 2015

Mother Jones

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Hillary Clinton threw her support behind efforts to boost the minimum wage for fast food restaurant workers on Friday. “The national minimum wage is a floor, and it needs to be raised,” Clinton said during a wide-ranging speech on Friday that centered on various problems with New York’s corporate culture.

But there’s one pretty big hitch to Clinton’s endorsement: it only applies to folks who work in New York. The idea Clinton is backing comes from a panel appointed by New York Gov. Andrew Cuomo. Earlier this week, that panel recommended slowly raising the minimum wage for fast food workers so that it eventually reaches $15 per hour by July 2021 (with the rate increasing at a faster clip for people who work within New York City, where the cost of living is higher, so that employers would be required to pay workers there that $15 rate by 2018).

While Clinton may support a higher wage for workers in New York, she’s resisted liberals’ calls to raise the national minimum wage to $15 per hour. “I think part of the reason that the Congress and very strong Democratic supporters of increasing the minimum wage are trying to debate and determine what’s the national floor is because there are different economic environments,” Clinton said in New Hampshire last week. “And what you can do in L.A. or in New York may not work in other places.”

Clinton’s rivals for the Democratic nomination have used the minimum wage to attack Clinton’s liberal bona fides. Shortly after Clinton made those comments last week, former Maryland Gov. Martin O’Malley released a statement trumpeting his own support for lifting the minimum wage to $15 across the country. “Some people will say this is hard to do,” O’Malley’s statement said. “And it will be. But leadership is about forging public consensus —not following it. On this issue, we must lead with our progressive values to rebuild the American Dream.”

Sen. Bernie Sanders is also a loud proponent of lifting the minimum wage for all workers across the country. Sanders introduced a bill in the Senate this week to raise the federal minimum wage from $7.25 per hour to $15. “I think if you work 40 hours a week, you have a right not to live in poverty,” Sanders said outside the US Capitol at a rally introducing the bill. “The current federal minimum wage is a starvation wage. It’s got to be raised to a living wage.”

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Hillary Clinton Just Endorsed a $15 Minimum Wage. But Not For Everyone.

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Rand Paul Flubs the Facts on the Minimum Wage

by Pasqual40F Posted on July 21, 2014

Mother Jones

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Sen. Rand Paul (R-Ky.) says the minimum wage, like Trix, is for kids. Speaking in San Francisco over the weekend, the likely 2016 presidential candidate took issue with the president and first lady over an interview they gave to Parade, in which the Obamas suggested their daughters should work minimum wage jobs because “that’s what most folks go through every single day.” It was a fairly innocuous comment. But Paul argued it sent the wrong message. Per Politico:

Speaking at a downtown conference for libertarian and conservative technology types, the Kentucky Republican and prospective 2016 White House contender said he had an “opposite” view from the Obamas when it comes to seeing his own sons work delivering pizzas and at call centers.

“The minimum wage is a temporary” thing, Paul said. “It’s a chance to get started. I see my son come home with his tips. And he’s got cash in his hand and he’s proud of himself. I don’t want him to stop there. But he’s working and he’s understanding the value of work. We shouldn’t disparage that.”

Paul, a libertarian, was echoing the argument made by those who oppose raising the minimum wage: That those jobs are largely filled by young adults just entering the job market—people who are taking these low-paying positions before moving on to the better-paying jobs—so it’s no big deal if the compensation is at the bottom end of the scale. A low wage might even be beneficial, by providing an incentive to get to the next level. But this is not supported by the facts. Only a quarter of minimum wage workers are teenagers, according to the Bureau of Labor Statistics. Nearly half of minimum wage earners are over 25, and 585,000 (18 percent) are over 45. These aren’t kids just learning the value of the buck; they’re adults who need income to support themselves and their families. As Mother Jones has reported previously, the current minimum wage doesn’t come close to doing that. Just take a spin on our living-wage calculator.

If Paul truly believes a low wage is “temporary” for most minimum-wage workers, perhaps he should take the Obamas’ advice for their daughters and spend some time working in a fast-food joint.

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Rand Paul Flubs the Facts on the Minimum Wage

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More than 20 Million Families Would Benefit From an Increase in the Minimum Wage

by Margherit Posted on February 19, 2014

Mother Jones

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The CBO released a study today on the effect of raising the minimum wage to $10.10. The chart below shows their main finding: millions of families outside the upper middle class would see a net increase in income (partly from higher wages and partly from higher economic growth) while families in the top 20 percent would see a decline (primarily from having to pay slightly higher prices for goods and services):

The cost of this higher income is fewer jobs: CBO estimates that employment would fall by about 0.3 percent, or 500,000 workers. That strikes me as being on the high side of consensus estimates, but it’s probably in the right ballpark.

As economic policies go, that’s not bad. In the real world, there’s no such thing as a policy that has benefits with zero costs. There are always compromises. In this case, in return for the small job losses, 16 million workers would get a direct wage increase; another 8 million would get an indirect wage increase; and nearly a million workers would be lifted out of poverty. That’s about as good as it gets.

All that said, this is a report that I suspect CBO shouldn’t have bothered doing. Their value-add lies in assessing the effects of legislation that no one else is studying. But the minimum wage has been studied to death. CBO really has nothing to add here except its own judgment about how to average out the dozens of estimates in published academic papers. In other words, they aren’t adding anything important to the conversation at all. This report is going to get a lot of attention, but it really doesn’t teach us anything new.

UPDATE: This post originally said that 80 percent of all families would benefit from a minimum wage increase. But the CBO figures don’t actually say that. Families throughout the bottom 80 percent of the income spectrum would benefit, and each individual income bucket that CBO studied would see a net increase in income, but that doesn’t mean every single family would benefit. I’ve corrected the text to reflect this.

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More than 20 Million Families Would Benefit From an Increase in the Minimum Wage

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We Already Have a Lower Minimum Wage for Teenagers

by Katherined5a Posted on January 22, 2014

Mother Jones

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Responding to yesterday’s set of posts about the effect of the minimum wage on teen employment, Matt Yglesias is puzzled. Do we even want higher teen employment? It doesn’t really seem like it:

After all, policymakers from both parties are pushing longer school days and shorter summer vacations. We’ve done a lot to encourage more people to go to college. We seem to be pushing more extracurricular activities on high schoolers….Now perhaps this is a huge mistake. But if it’s a huge mistake, it’s much bigger than the minimum wage. And actually the minimum-wage angle could be patched pretty quickly. Jordan Weissmann recently wrote about Australia where the minimum wage is higher than in the United States, but there’s a special low teenage minimum wage.

That reminds me. A few days ago I ran across the following footnote on a Labor Department web page:

5A subminimum wage — $4.25 an hour — is established for employees under 20 years of age during their first 90 consecutive calendar days of employment with an employer.

Am I the only person in America who didn’t know this? Sure, it’s only for 90 days, but it still makes a difference. Summer jobs could certainly all be offered to teens at $4.25. And it significantly reduces the risk of hiring a teen, since they don’t cost very much during the period when you’re still deciding whether they’re any good.

In any case, this went into effect in 1997 and it hasn’t changed since. Surely this is germane to any discussion of the minimum wage and teen employment?

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We Already Have a Lower Minimum Wage for Teenagers

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