Expectations of Minimum Wage

[Toddsterpatriot]

ToddsterPatriot, you're correct. If we eliminated the federal minimum wage rate, more people would be employed; but at wage rates that will be of drastically reduced purchasing power.

The lowest wages will eventually race to the bottom, and the median wage will also be reduced. The purchasing powers of the lowest third of USA's wage earners pay will propritonally be the greatest reduced.

The federal minimum wage rate to some extent bolsters all wages, but it doesn't affect all pay scales equally. It's of the greatest benefit to earners of the lowest wage rates, and of lesser benefit to employees earning higher wage rates. (If there's no scarcity of available labor), the extent of the minimum rate's effect is approximately proportional to the differences between the minimum and the jobs' rates, and it's an inverse relationship.

Elimination of the federal minimum wage rate would increase poverty and be of net economic detriment to our nation.

Respectfully, Supposn

What would happen if we cut minimum wage in half? Would employers hire twice as many workers?
If they have one worker who sweeps floors, would they hire two workers to sweep floors?

My guess is they will keep just one floor sweeper and pocket the extra money

What would happen if we cut minimum wage in half? Would employers hire twice as many workers?

No. But some workers who aren't worth $7.25 might get hired at $6.

 

[Toddsterpatriot]

Minimum wage increases do not lead to reduced jobs

You're lying.​

What is with you people........

Minimum wage increases do not reduce jobs? rightwinger you can't be this stupid.

Are you saying that if the guy that mows the lawn for you, started charging $100 a mow, that it would have no effect on who hires him to mow lawns?

Are you idiot? Of course increasing the minimum wage reduces jobs. If the minimum wage caused the value meal at Wendy's to cost $30..... do you think that might reduce how many people go to the store for lunch? Do you think that reduction would cause fewer people to be employed making that lunch?

Of course it would. You have to be a mindless idiot to think otherwise.

If Wendy’s needs four minimum wage workers to staff a shift, they cannot cut down without impacting customer service. If Wendy’s could function with just three workers, they already would

Since minimum wage was last increased,the price of beef doubled. Wendy’s did not switch to chicken or lay off workers because the price of beef increased. They just raised the price of their burgers. So did McDonalds and Burger King

If Wendy’s needs four minimum wage workers to staff a shift, they cannot cut down without impacting customer service.

And if customer service is impacted they could go out of business.

Exactly

Exactly. Now that's four workers earning zero.

Four workers earning an increased wage

Did you miss the notice? That store closed.

 

[danielpalos]

ToddsterPatriot, you're correct. If we eliminated the federal minimum wage rate, more people would be employed; but at wage rates that will be of drastically reduced purchasing power.

The lowest wages will eventually race to the bottom, and the median wage will also be reduced. The purchasing powers of the lowest third of USA's wage earners pay will propritonally be the greatest reduced.

The federal minimum wage rate to some extent bolsters all wages, but it doesn't affect all pay scales equally. It's of the greatest benefit to earners of the lowest wage rates, and of lesser benefit to employees earning higher wage rates. (If there's no scarcity of available labor), the extent of the minimum rate's effect is approximately proportional to the differences between the minimum and the jobs' rates, and it's an inverse relationship.

Elimination of the federal minimum wage rate would increase poverty and be of net economic detriment to our nation.

Respectfully, Supposn

What would happen if we cut minimum wage in half? Would employers hire twice as many workers?
If they have one worker who sweeps floors, would they hire two workers to sweep floors?

My guess is they will keep just one floor sweeper and pocket the extra money

What would happen if we cut minimum wage in half? Would employers hire twice as many workers?

No. But some workers who aren't worth $7.25 might get hired at $6.

stop whining about the increased cost of social services.

 

[danielpalos]

If Wendy’s needs four minimum wage workers to staff a shift, they cannot cut down without impacting customer service. If Wendy’s could function with just three workers, they already would

Since minimum wage was last increased,the price of beef doubled. Wendy’s did not switch to chicken or lay off workers because the price of beef increased. They just raised the price of their burgers. So did McDonalds and Burger King

If Wendy’s needs four minimum wage workers to staff a shift, they cannot cut down without impacting customer service.

And if customer service is impacted they could go out of business.

Exactly

Exactly. Now that's four workers earning zero.

Four workers earning an increased wage

Did you miss the notice? That store closed.

lousy management?

 

[dblack]

ToddsterPatriot, you're correct. If we eliminated the federal minimum wage rate, more people would be employed; but at wage rates that will be of drastically reduced purchasing power.

The lowest wages will eventually race to the bottom, and the median wage will also be reduced. The purchasing powers of the lowest third of USA's wage earners pay will propritonally be the greatest reduced.

The federal minimum wage rate to some extent bolsters all wages, but it doesn't affect all pay scales equally. It's of the greatest benefit to earners of the lowest wage rates, and of lesser benefit to employees earning higher wage rates. (If there's no scarcity of available labor), the extent of the minimum rate's effect is approximately proportional to the differences between the minimum and the jobs' rates, and it's an inverse relationship.

Elimination of the federal minimum wage rate would increase poverty and be of net economic detriment to our nation.

Respectfully, Supposn

What would happen if we cut minimum wage in half? Would employers hire twice as many workers?
If they have one worker who sweeps floors, would they hire two workers to sweep floors?

My guess is they will keep just one floor sweeper and pocket the extra money

You're assuming they'd lower the sweeper wage to the minimum, and that the sweeper would continue working for half their previous wage.

 

[danielpalos]

social services cost around fourteen dollars and hour by comparison and is the reason for the cost of living adjustment of the minimum wage to fifteen an hour.

 

[rightwinger]

If Wendy’s needs four minimum wage workers to staff a shift, they cannot cut down without impacting customer service. If Wendy’s could function with just three workers, they already would

Since minimum wage was last increased,the price of beef doubled. Wendy’s did not switch to chicken or lay off workers because the price of beef increased. They just raised the price of their burgers. So did McDonalds and Burger King

If Wendy’s needs four minimum wage workers to staff a shift, they cannot cut down without impacting customer service.

And if customer service is impacted they could go out of business.

Exactly

Exactly. Now that's four workers earning zero.

Four workers earning an increased wage

Did you miss the notice? That store closed.

If that store has to rely on a $7.25 workforce to survive, they don’t belong in business

 

[dblack]

ToddsterPatriot, you're correct. If we eliminated the federal minimum wage rate, more people would be employed; but at wage rates that will be of drastically reduced purchasing power.

But the additional people able to get jobs would have a significant increase to their purchasing power, eh?

The lowest wages will eventually race to the bottom, and the median wage will also be reduced. The purchasing powers of the lowest third of USA's wage earners pay will propritonally be the greatest reduced.

The lowest wages would eventually "race" to the actual value of the work in question, just like all wages do, if not constrained by regulation, like minimum wage laws.

The federal minimum wage rate to some extent bolsters all wages, but it doesn't affect all pay scales equally. It's of the greatest benefit to earners of the lowest wage rates, and of lesser benefit to employees earning higher wage rates.

And even less benefit to the employees who lose their jobs and can't find work at the higher wage rates.

 

[Toddsterpatriot]

If Wendy’s needs four minimum wage workers to staff a shift, they cannot cut down without impacting customer service.

And if customer service is impacted they could go out of business.

Exactly

Exactly. Now that's four workers earning zero.

Four workers earning an increased wage

Did you miss the notice? That store closed.

If that store has to rely on a $7.25 workforce to survive, they don’t belong in business

Minimum wage workers don't deserve jobs, eh?
Or their managers, suppliers, investors.

 

[danielpalos]

Exactly

Exactly. Now that's four workers earning zero.

Four workers earning an increased wage

Did you miss the notice? That store closed.

If that store has to rely on a $7.25 workforce to survive, they don’t belong in business

Minimum wage workers don't deserve jobs, eh?
Or their managers, suppliers, investors.

the minimum wage is still the minimum wage; Labor still has to be accomplished.

 

[rightwinger]

Exactly

Exactly. Now that's four workers earning zero.

Four workers earning an increased wage

Did you miss the notice? That store closed.

If that store has to rely on a $7.25 workforce to survive, they don’t belong in business

Minimum wage workers don't deserve jobs, eh?
Or their managers, suppliers, investors.

If your business cannot survive without the government supporting a low wage workforce, you are better off closed

Low skilled workers should not be expected to support your profits

 

[Toddsterpatriot]

Exactly. Now that's four workers earning zero.

Four workers earning an increased wage

Did you miss the notice? That store closed.

If that store has to rely on a $7.25 workforce to survive, they don’t belong in business

Minimum wage workers don't deserve jobs, eh?
Or their managers, suppliers, investors.

If your business cannot survive without the government supporting a low wage workforce, you are better off closed

Low skilled workers should not be expected to support your profits

Yes, we must reduce employment opportunities for unskilled workers. $0 is better than $7.25, eh?

 

[dblack]

Exactly. Now that's four workers earning zero.

Four workers earning an increased wage

Did you miss the notice? That store closed.

If that store has to rely on a $7.25 workforce to survive, they don’t belong in business

Minimum wage workers don't deserve jobs, eh?
Or their managers, suppliers, investors.

If your business cannot survive without the government supporting a low wage workforce, you are better off closed

And, by your reasoning, if someone's labor isn't worth the minimum wage, they're better off unemployed, eh?

 

[rightwinger]

Four workers earning an increased wage

Did you miss the notice? That store closed.

If that store has to rely on a $7.25 workforce to survive, they don’t belong in business

Minimum wage workers don't deserve jobs, eh?
Or their managers, suppliers, investors.

If your business cannot survive without the government supporting a low wage workforce, you are better off closed

Low skilled workers should not be expected to support your profits

Yes, we must reduce employment opportunities for unskilled workers. $0 is better than $7.25, eh?

We must protect the rights of workers who have little bargaining power over the rights of employers to a low wage workforce

 

[Toddsterpatriot]

Did you miss the notice? That store closed.

If that store has to rely on a $7.25 workforce to survive, they don’t belong in business

Minimum wage workers don't deserve jobs, eh?
Or their managers, suppliers, investors.

If your business cannot survive without the government supporting a low wage workforce, you are better off closed

Low skilled workers should not be expected to support your profits

Yes, we must reduce employment opportunities for unskilled workers. $0 is better than $7.25, eh?

We must protect the rights of workers who have little bargaining power over the rights of employers to a low wage workforce

We must protect the rights of workers

Even if it means taking away their jobs.

 

[EdwardBaiamonte]

We must protect the rights of workers who have little bargaining power over the rights of employers to a low wage workforce

Easy!! Declare the wall an "immorality" and let in another 30 million illegals. That is what liberals are doing to protect worker right!!

 

[EdwardBaiamonte]

If your business cannot survive without the government supporting a low wage workforce, you are better off closed

so 2.3 million Walmart workers are better off unemployed?

 

[danielpalos]

We must protect the rights of workers who have little bargaining power over the rights of employers to a low wage workforce

Easy!! Declare the wall an "immorality" and let in another 30 million illegals. That is what liberals are doing to protect worker right!!

The right wing is worse. We have a Commerce Clause and no immigration clause and the right wing are still lousy capitalists and losing money on border policy.

 

[danielpalos]

If your business cannot survive without the government supporting a low wage workforce, you are better off closed

so 2.3 million Walmart workers are better off unemployed?

no; they are better off with laws restricting maximum wages not minimum wages.

 

[dblack]

If that store has to rely on a $7.25 workforce to survive, they don’t belong in business

Minimum wage workers don't deserve jobs, eh?
Or their managers, suppliers, investors.

If your business cannot survive without the government supporting a low wage workforce, you are better off closed

Low skilled workers should not be expected to support your profits

Yes, we must reduce employment opportunities for unskilled workers. $0 is better than $7.25, eh?

We must protect the rights of workers who have little bargaining power over the rights of employers to a low wage workforce

We must protect the rights of workers

Even if it means taking away their jobs.

That's theme with Democrats. The way to solve difficult social problems is to make it illegal to have those problems. Some people can't afford health insurance? Make it illegal to not have health insurance. Some people can't get anything but a low-wage job? Make it illegal to work a low-wage job. Presto. Problems solved.