Big Business, Corporate Profits, and the Minimum Wage

Discussion in 'Economy' started by Luddly Neddite, Jul 19, 2012.

  1. Luddly Neddite
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    Luddly Neddite Diamond Member

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    http://nelp.3cdn.net/24befb45b36b626a7a_v2m6iirxb.pdf

    Rs are against education and want to end minimum wage. If the right is successful, Newt will get his way - kids will be working as janitors in the schools that should be educating them.

    What the R isn't talking about is that all wages would fall proportionately. Well, except for Mittens' cronies, that is.

    Oh well, what the heck - Rick Perry says its working fine in Texasss and Mittens, Kochs, Waltons (most of their merchandise is from China), Adelson (casinos in China and gives MILLIONS to the R) says we can always send the hard jobs to other countries.

    Rs, rw's have no integrity.
     
  2. Intense
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    Intense Senior Member

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    Yeah? Where are all of the Democrats when it comes to running businesses. Put up or shut up, Idiot.
     
  3. Widdekind
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    Widdekind Member

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    Many minimum-wage workers are teenagers. Most people do not work minimum-wage jobs for their whole lives. They work through minimum wage jobs, building job skills, and moving on. Minimum wage jobs "lower the employment ladder" down "to the streets", and allow people to work their way out of nothing (no income), to something (some income).

    The minimum wage today is about as high as ever (since enacted in 1938). Almost every increase in the US Federal minimum wage has coincided with a spike in unemployment, and a recession (link) -- "raising the employment ladder up out of reach of the streets" and leaving millions of Americans with nothing (no income).
    [​IMG]
    Big Businesses have recovered from the recession; are profitable:
    and are hiring hundreds of thousands of people (link). Because businesses are profitable, so they are hiring.
    profitable => hiring
    Hiking minimum wages would only increase their costs, lower their profitability, and force them to fire current workers, and forgo hiring new workers. Those who advocate raising the minimum wage, are advocating firing low-paid people, and leaving them with nothing (except Public dole). Why would that garner votes? (Most people don't earn minimum wage, anyway.)
     
  4. eflatminor
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    eflatminor Classical Liberal

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    Against education? Or against the complete and utter failure that is the government/union monopoly on affordable education? Big difference.

    Minimum wage is most hurtful to the elderly, the uneducated poor, and our youngest citizens hoping for some experience and a few bucks. How could you be so evil as to prevent our most vulnerable from working? Sick, just sick.

    I worked in the kitchen at my grade school during recesses. In return I got lunch and good work experience. Not a damn thing wrong with that.

    Link? Proof of any kind? I call bullshit.

    Link? Better yet, tissue?

    Ha! Pot, kettle, I see you've met.
     
  5. tjvh
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    tjvh Senior Member

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    People who oppose raising pay on Minimum wage jobs, and NOT allowing others to make those menial jobs a career choice and who are not willing to offset the Minimum wage increase by paying higher prices for things like Happy Meals are just plain MEAN.:lol: You don't like it? Change your work ethics and keep your hands off my wallet.
     
  6. Skull Pilot
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    Skull Pilot Platinum Member

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    If one is working for minimum wage for his entire life it's no one's fault but his.
     
  7. Widdekind
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    Widdekind Member

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    minimum wage eliminates millions of jobs

    From 2007-2009, the US Federal minimum wage increased by two dollars (per hour); and the unemployment rate, amongst teenagers, increased by over 10% (link). In absolute terms, the unemployment level increased by nearly a half million (link). Inexpertly, increasing the minimum wage one dollar (per hour) eliminates a quarter million jobs. If so, then eliminating the minimum wage would allow (authorize the creation of) nearly two million (low-paying) jobs (for teenagers alone).
    [​IMG]



    questioning Reverend Jesse Jackson's recommendation (raise the minimum wage to $10 per hour)

    If doing something a little has some effect, then doing the same thing allot has more of the same effect. So, imagine raising the minimum wage to $1000 (per hour); everybody loses their jobs. Imagine raising the minimum wage to $100 (per hour); almost everybody loses their jobs, a few are saved. Increasing the minimum wage allot eliminates many jobs. Increasing the minimum wage a little eliminates some jobs. And conversely, decreasing the minimum wage regenerates jobs.

    If raising the minimum wage to $10 (per hour) actually is good; then why not raise the minimum wage to $100 (per hour); or to $1000 (per hour); or even more?
     
  8. Widdekind
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    Widdekind Member

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  9. Widdekind
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    Widdekind Member

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    Up to 60% of low-income households, in the US, are "severely burdened" by housing costs (rents & interest payments). Low-income households with children pay half as much for food, clothes, and healthcare. Low-income households are often minorities, the same demographic who often (would) work low-pay jobs. Eliminating minimum wages would regenerate millions of outlawed jobs, benefiting low-income households; and those having (teenage) children.

    http://www.nextnewdeal.net/rortybomb/rental-income-percentage-gdp-too-damn-high-and-households-severely-burdened-housing-costs
     
  10. editec
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    editec Mr. Forgot-it-All

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    FEDERAL minimum wages laws only effect corporations that do business in more than one state.

    So no mom and pop store is beholden to that law.

    the STATES oftem impose their own minimum wages laws.

    Do those of us oppossed to FEDERAL minimum wages laws ALSO object to STATE Minimum wage laws?

    Or do you believe that NO GOVERNMENT has such a right?
     

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