Comments on: Obama Wage Order to Help ‘Couple Hundred Thousand’ http://www.theyeshivaworld.com/news/general/212199/obama-wage-order-to-help-couple-hundred-thousand.html Fri, 24 Jul 2015 17:26:55 +0000 hourly 1 http://wordpress.org/?v=3.7.9 By: nfgo3 http://www.theyeshivaworld.com/news/general/212199/obama-wage-order-to-help-couple-hundred-thousand.html#comment-451376 Fri, 31 Jan 2014 07:53:33 +0000 http://www.theyeshivaworld.com/?p=212199#comment-451376 No. 1: Rhetoric with substance is called an “announcement of a policy.” And how would you know how many jobs are affected by the executive order? I am not saying you don’t knnow, but I am asking, how would you know?

There is a long-standing requirement – I do not know whether it is required by a statute or an executive order – that federal contractors pay wages not less than the “prevailing” wage in the geographic area where the contract is performed (if performed in the US).

As for your speculation about the effect of the President’s executive order on wages, it is contrary to prevailing views of economists on the effects of minimum wage requirements.

]]> By: akuperma http://www.theyeshivaworld.com/news/general/212199/obama-wage-order-to-help-couple-hundred-thousand.html#comment-450964 Thu, 30 Jan 2014 17:14:59 +0000 http://www.theyeshivaworld.com/?p=212199#comment-450964 The number is dubious. There aren’t all that many such jobs, and the most likely effects will be to reduce workforce, reduce non-cash benefits, or use automation.

Also remember that in most situation, the federal government insists on contractors paying higher than market rate wages under the pretext these are “union wages”.

It’s all rhetoric with substance.

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