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McDonalds has no problem raising their prices due to rising beef prices, advertising, taxes, insurance or rent increasesI can see a $15 minimum wage for heads of households. The problem with the $15 min is that jobs are lost, so kids can't find work.
Bullshit. There's no reason why McDonald's can't pay their employees $`15.00 an hour.
Shit, I went to a McDonalds (which I usually avoid because their food sucks) and bought a vanilla shake to settle my stomach. $4.20 in Elk Grove Village, IL.
Please, please, please don't tell me that they can't afford to pay their employees a fair wage.
I hate the spell checkerWhat are your stats being thrown against ? That's the billion dollar question no one can pin down at the moment of having to right the ship.Pure horseshit from asshole liars.
Fiscal Year 2018 started in SEPTEMBER 2017, while taxcuts only kicked in by February. Additionally there was 55B increase in April, but again those were 2017 settlements at 2017 tax rates.
Here is our revenues on tax-cuts:
Oct 18 +$14B
Nov 18 +$8B
Dec 18 +$7B
Jan 18 +$17B
<<<<<TAX-CUTS PHASED IN
Feb 18 -$16B
March 18 -$6B
April 18 +55B (2017 tax settlements)
May 18 -$23B
June 18 -$32B
July 18 -$7B
August 18 -$7B
https://www.fiscal.t...tmt/mts0818.pdf - Page 2
So instead of 11 billion average monthly revenue growth there is 15 billion shortfall.
Total effect is ~26B monthly, $156B YTD, revenue reduction trend so far since tax-cuts went into effect.
Many, many factors involved, and everything is fluid in our current rebuilding of America in which has gotten on the way now. Probably lose here, but pick up over there etc. Gotta let it play out, and hopefully it will all balance out somehow.
Resistance isn't the answer... It's time to get on board and grab a paddle if this boat is gonna make the trip. Punching holes in the bottom of the boat isn't the answer, because it drowns everyone in the process.
If something is positive, then support it. If negative then contest it, but the resistance has shown itself to be punching holes at every chance it gets.
I was having lunch today with some friends discussing how much we disliked Trump's personal demeanor, comments, etc. but the one point we also had in total agreement was
Trump's been successful in doing what no other president has TRIED much less DONE!
Shake up the establishment. The MSM. The political elites.
He has done things that many people continue to misunderstand.
Remember he was never a politician. He has been a person who wants to set up goals and meet them.
In his first two years he has done that.
Remember that Trump would NEVER ever make statements like these or initiate actions like the following.
He loves America. Loves Americans. Loves "Legal immigrants" (after all he's married to one!). Loves law enforcement.
He would never call the police stupid. Never denigrate the USA. Never apologize.
AND Trump would never make these statements!
View attachment 222470
Does it really matter what a TOTALY AMORAL BUFFOON never says?
The guy denegrades you and the rest of America when he, as a President of the United States shamelessly peddles blatant lies and petty bullshit on the daily. This two-bit huckster will go down as an emberassing shit-stain on American history, while chumps like you will look back and wonder why you couldn't smell the stink right under your nose.
You know what really is embarrassing is people like you that totally ignore the help the spell checker gives you!
View attachment 222537 '
You truly "denigrate" YOURSELF when you type words that you don't know how to spell. I wasn't sure so I using the marvel of the internet found the correct spelling.
View attachment 222539
But this is truly endemic of people like you that don't really take the time to investigate the supposed "lies".
As far as KNOWN LIES that will put a stain on the presidency, please discount or disprove these lies:
And if you really care to learn of Obama's first major public lie... Read the following excerpt from Obama's autobiography where he TELLS he LIES specifically
lying about being an angry black man!
View attachment 222540
View attachment 222541
It keeps substituting words I didn’t mean
McDonalds has no problem raising their prices due to rising beef prices, advertising, taxes, insurance or rent increasesI can see a $15 minimum wage for heads of households. The problem with the $15 min is that jobs are lost, so kids can't find work.
Bullshit. There's no reason why McDonald's can't pay their employees $`15.00 an hour.
Shit, I went to a McDonalds (which I usually avoid because their food sucks) and bought a vanilla shake to settle my stomach. $4.20 in Elk Grove Village, IL.
Please, please, please don't tell me that they can't afford to pay their employees a fair wage.
Somehow, paying their employees more will bankrupt them
The minimum wage has not increased in ten years......how much has the price of a burger increased in ten years?
Unemployment is natural under capitalism. It is why the left has a solution; unemployment compensation for capitalism's natural rate of unemployment. A fifteen dollar an hour minimum wage and unemployment compensation for being unemployed by capitalism's natural rate of unemployed at fourteen dollars an hour equivalent will solve that simple form of poverty; and, higher paid labor pays more in taxes and create more in demand.The left wants to pioneer, raising the minimum wage to raise tax revenue, so the poor can help with taxes.The only problem with raising taxes on the wealthy is that they move overseas to "tax havens" and/or put money in Swiss bank accounts or some other tax avoidance scheme. I'm not sure how to avoid the "only little people pay taxes" rationale' of the wealthy.
I can see a $15 minimum wage for heads of households. The problem with the $15 min is that jobs are lost, so kids can't find work.
AGAIN... how many people would GAIN from $15. wage????? Less than 3 million!
Q) How many people do you think work at minimum wage?
A) In 2014, about 1.3 million U.S. workers age 16 and over earned exactly the prevailing federal minimum wage of $7.25 per hour. Another 1.7 million had wages below the federal minimum. Together these workers make up 4 percent of all hourly paid workers. What are the characteristics of minimum wage workers? - UC Davis Center for Poverty Research
So let's raise ALL these 3 million people to $15.00/hour.
DO you think that solution will help the GDP????? Well guess what dummies!
The actual contribution would be 3 million times $7.75 X 2,080 hours and guess what a GREAT big difference to the GDP that makes??? 2/10ths of 1 percent!!!
$48.3 billion divided by $18.57 trillion equals 0.002%...WOW... what a gigantic difference!!!
Raising the minimum wage will also bump those on the low skill pay scale
Quoting how many people currently are making $7.25 ignores those who make less than $15 an hour. It also ignores those who make $15 to $20 an hour who will see positive pressure to raise wages
It will make a difference to those struggling at the lower pay scales
Yeah, nobody was optimistic when Trump took office. YetHow are you not doing well in this booming economy? I mean if you flip burgers for a living I guess shit is bad for you. But unless you are 17 years old that is nobody's fault but your own.
I was doing just as well when Obama was in office, but how well I'm doing isn't the point. That's on me, not anything Trump is doing.
Trump inherited a good economy and immediately started applying all the bad Republican ideas that get us into recessions. - Tariffs, tax cuts for rich people, deficit spending, deregulation.
Why does the government need more revenue?I'll grant you the spending but I hold that on the GOP 100% as they control the purse strings.
um, no, sorry.
The real problem is, there really isn't anything to cut.
Once you take out interest on the debt, defense spending, Medicare and Social Security, there just isn't that much to cut in Federal Spending. Not enough to offset the Billions in tax breaks to the rich that Trump pushed through.
Trump is working on the same old discredited crap that if you cut taxes on rich people, that generates economic activity that will increase revenues. It's the same supply side bullshit the GOP has been pushing for 40 years and they don't really even believe anymore.
NOw they just push tax cuts for the rich because the rich deserve it.
Then there are all the other bad ideas, like deregulation. It's like we didn't learn a fucking thing from 2008.
Trump puts America first, so why should we be concerned with the rest of the world?By almost any measurable metric the United States is flourishing. And in some areas it isn't just flourishing it is stampeding.
I will grant you that the debt/spending is a huge problem but at least the country as a whole is reaping rewards from it this time. Usually they spend boatloads and we get buptkis out of it (see Obama)
The threat of tariffs and ending trade agreements has even had some positive outcomes so far (Mexico & Canada)
Now I expect you to howl about families split up at the border (while pretending this was new to Trump) and the debt of course but policy wise you got no winning message.
Well, in foreign policy he's not been successful at anything.
With the North Korean situation it's hard to tell what's going on, whether this is a similar ply to Kim's father in 2007.
With Syria Trump has just lied to make it look like he's done something, when he did almost nothing.
With Russia he hasn't made closer ties like he said he would.
With the EU he's made things worse.
With China he's made things worse.
So, he's got two potentials, North Korea and China, and a few failures, like the EU.
With the economy he hasn't done anything. The economy is slowing down, probably because it needs to be slowing down, but he's the sort of muppet who wants the economy to be going at the speed of light. He's taken credit where credit clearly wasn't due, he's been hypocritical when it comes to statistics when viewed with what he said before the election.
He's managed to get a tax cut for himself. I'll admit he's been successful there.
He got rid of Obamacare and replaced it with something worse. Failure for most people, success for the rich.
So.... really, what's to applaud?
Wait, tariffs...... yeah, farmers going downhill and needing HANDOUTS (which apparently the Republicans hate), other industries potentially going downhill and all with the hope that China buckles (with it's 6% growth a low, year on year, it can afford to lose some growth, the US can't.)
Oh noooooooozeHe fell in love with Kim Jong Un….
According to Woodward’s book, he and Melania keep separate bedrooms.
Hmmm...
Legal jurisdiction emulates a monopsony by legal fiat.what about the reduced cost of social services and Labor being more able to afford higher rents, take another course, etc.How does making these 3 million people that add less than 2/10ths of 1% to the GDP will cause these 3 million people to become a market power?
Besides "monopsony" doesn't apply to the "worker" component. A monopsony occurs when a single firm has market power through its factors of production.
So how does raising these 3 million (of which half are between 16 and 25 years) will have ANY positive effect?
In 2014, about 1.3 million U.S. workers age 16 and over earned exactly the prevailing federal minimum wage of $7.25 per hour. Another 1.7 million had wages below the federal minimum. Together these workers make up 4 percent of all hourly paid workers.
What are the characteristics of minimum wage workers? - UC Davis Center for Poverty Research
These entry level jobs are the training ground for people with little skill sets or education.
The ONLY value these jobs have is NOT to make money but as entry jobs training people in the simple fundamentals that employers want which are:
1) be on time 2) be on the job 3) be able to follow orders.
Those are the three fundamental characteristics that entry jobs provide.
With your ignoring the realities of the market place where raising the minimum wage will replace with kiosks and robots at a much cheaper cost.
You are NOT improving these entry level workers chances to learn when you make it more financially attractive to have machines replace these entry level workers.
and, monopsony applies simply due to the legal jurisdiction of State or federal law.
Monopsony
What is a 'Monopsony'?
A monopsony, sometimes referred to as a buyer's monopoly, is a market condition similar to a monopoly. However, in a monopsony, a large buyer, not a seller, controls a large proportion of the market and drives prices down. A monopsony occurs when a single firm has market power through its factors of production. The firm is the sole purchaser for multiple sellers and drives down the price of the seller's products or services according to the amount of quantity that it demands
monopsony has nothing to do with "legal jurisdiction of State or federal law"
"what about the reduced cost of social services"
Again remember what is the total increase in NET income after payroll taxes... on $48.3 billion after payroll taxes $42 billion.
Well for sure the payroll taxes of 12.4% or about $ 6 billion... yea that well create demand!
Where are your facts by the way?
As to reduced cost of social services:
The welfare budget is comprised of 13 unique programs as described on the Safety Net Programs Page.
These programs spent $364 billion and $354 billion in 2016 and 2017, respectively
Welfare Budget
So let's assume all 3 million that will get the additional $7.75 or $42 Billion (after payroll taxes) ...
That will reduce IF they are not eligible any longer the $364 billion by 13%.... Nice contribution but again will cause more problems because
as shown already this money won't be spent on humans! Robots...are far cheaper than $15.00.
Flippy' The Fast Food Robot (Sort Of) Mans The Grill At Caliburger
It certainly helps that Flippy, a burger-flipping robot developed by Miso Robotics, shows no concern about the low wages, meager benefits or long hours that plague the industry. The robot is reportedly capable of grilling 150 burgers per hour runs about $60,000 per unit
'Flippy' The Fast Food Robot (Sort Of) Mans The Grill At Caliburger
Works 7 days a week.. 23 hours...(1 hour off for maintenance.
Last for 5 years. So working 7 days 2 23 hours five years equals 294,026 hours divided into cost: $60,000 plus annual maintenance costs of say $600/year: $0.21 (21¢/hour).
Seems like a very good compared to actually $15.93/hour (you forgot the employer pays 6.2% payroll taxes also)...
There is NOTHING NOTHING you can say to refute the above FACTS.
$15.00 minimum wage is fine at a STATE level based on the state's standard of living. Again it is wrong to have a one size fits all.
All this does is encourages employers who are paying the minimum wage to look for alternatives. They have to.
Yeah, nobody was optimistic when Trump took office. Yet
Why does the government need more revenue?
we already covered this; Seattle and San Francisco are proof of the concept involving a form of monopsony.what about the reduced cost of social services and Labor being more able to afford higher rents, take another course, etc.How does making these 3 million people that add less than 2/10ths of 1% to the GDP will cause these 3 million people to become a market power?
Besides "monopsony" doesn't apply to the "worker" component. A monopsony occurs when a single firm has market power through its factors of production.
So how does raising these 3 million (of which half are between 16 and 25 years) will have ANY positive effect?
In 2014, about 1.3 million U.S. workers age 16 and over earned exactly the prevailing federal minimum wage of $7.25 per hour. Another 1.7 million had wages below the federal minimum. Together these workers make up 4 percent of all hourly paid workers.
What are the characteristics of minimum wage workers? - UC Davis Center for Poverty Research
These entry level jobs are the training ground for people with little skill sets or education.
The ONLY value these jobs have is NOT to make money but as entry jobs training people in the simple fundamentals that employers want which are:
1) be on time 2) be on the job 3) be able to follow orders.
Those are the three fundamental characteristics that entry jobs provide.
With your ignoring the realities of the market place where raising the minimum wage will replace with kiosks and robots at a much cheaper cost.
You are NOT improving these entry level workers chances to learn when you make it more financially attractive to have machines replace these entry level workers.
and, monopsony applies simply due to the legal jurisdiction of State or federal law.
Monopsony
What is a 'Monopsony'?
A monopsony, sometimes referred to as a buyer's monopoly, is a market condition similar to a monopoly. However, in a monopsony, a large buyer, not a seller, controls a large proportion of the market and drives prices down. A monopsony occurs when a single firm has market power through its factors of production. The firm is the sole purchaser for multiple sellers and drives down the price of the seller's products or services according to the amount of quantity that it demands
monopsony has nothing to do with "legal jurisdiction of State or federal law"
"what about the reduced cost of social services"
Again remember what is the total increase in NET income after payroll taxes... on $48.3 billion after payroll taxes $42 billion.
Well for sure the payroll taxes of 12.4% or about $ 6 billion... yea that well create demand!
Where are your facts by the way?
As to reduced cost of social services:
The welfare budget is comprised of 13 unique programs as described on the Safety Net Programs Page.
These programs spent $364 billion and $354 billion in 2016 and 2017, respectively
Welfare Budget
So let's assume all 3 million that will get the additional $7.75 or $42 Billion (after payroll taxes) ...
That will reduce IF they are not eligible any longer the $364 billion by 13%.... Nice contribution but again will cause more problems because
as shown already this money won't be spent on humans! Robots...are far cheaper than $15.00.
Flippy' The Fast Food Robot (Sort Of) Mans The Grill At Caliburger
It certainly helps that Flippy, a burger-flipping robot developed by Miso Robotics, shows no concern about the low wages, meager benefits or long hours that plague the industry. The robot is reportedly capable of grilling 150 burgers per hour runs about $60,000 per unit
'Flippy' The Fast Food Robot (Sort Of) Mans The Grill At Caliburger
Works 7 days a week.. 23 hours...(1 hour off for maintenance.
Last for 5 years. So working 7 days 2 23 hours five years equals 294,026 hours divided into cost: $60,000 plus annual maintenance costs of say $600/year: $0.21 (21¢/hour).
Seems like a very good compared to actually $15.93/hour (you forgot the employer pays 6.2% payroll taxes also)...
There is NOTHING NOTHING you can say to refute the above FACTS.
$15.00 minimum wage is fine at a STATE level based on the state's standard of living. Again it is wrong to have a one size fits all.
All this does is encourages employers who are paying the minimum wage to look for alternatives. They have to.
Hmmm...you know he's never going to learn anything.
does that hold true for ceo's and the one percent in those States? they should be, "poorer in those States".Unemployment is natural under capitalism. It is why the left has a solution; unemployment compensation for capitalism's natural rate of unemployment. A fifteen dollar an hour minimum wage and unemployment compensation for being unemployed by capitalism's natural rate of unemployed at fourteen dollars an hour equivalent will solve that simple form of poverty; and, higher paid labor pays more in taxes and create more in demand.The left wants to pioneer, raising the minimum wage to raise tax revenue, so the poor can help with taxes.
I can see a $15 minimum wage for heads of households. The problem with the $15 min is that jobs are lost, so kids can't find work.
AGAIN... how many people would GAIN from $15. wage????? Less than 3 million!
Q) How many people do you think work at minimum wage?
A) In 2014, about 1.3 million U.S. workers age 16 and over earned exactly the prevailing federal minimum wage of $7.25 per hour. Another 1.7 million had wages below the federal minimum. Together these workers make up 4 percent of all hourly paid workers. What are the characteristics of minimum wage workers? - UC Davis Center for Poverty Research
So let's raise ALL these 3 million people to $15.00/hour.
DO you think that solution will help the GDP????? Well guess what dummies!
The actual contribution would be 3 million times $7.75 X 2,080 hours and guess what a GREAT big difference to the GDP that makes??? 2/10ths of 1 percent!!!
$48.3 billion divided by $18.57 trillion equals 0.002%...WOW... what a gigantic difference!!!
Raising the minimum wage will also bump those on the low skill pay scale
Quoting how many people currently are making $7.25 ignores those who make less than $15 an hour. It also ignores those who make $15 to $20 an hour who will see positive pressure to raise wages
It will make a difference to those struggling at the lower pay scales
No actually what it will do is businesses will figure out how to do the same job with fewer people or with robots!
AGAIN raising the minimum wage for Mississippi is stupid and raising it to $15 in NYC is too low!
I'm all in favor of raising the minimum WAGE but on a STATE by STATE basis.
This stupidity of "one size fits all" has to stop. We have 50 states. The USA is a heterogeneous (for you that means varied) population so why are you so intent on forcing
on people in Mississippi a wage that is ludicrously high and a wage in NYC that will be ludicrously low?
we already covered this; Seattle and San Francisco are proof of the concept involving a form of monopsony.what about the reduced cost of social services and Labor being more able to afford higher rents, take another course, etc.How does making these 3 million people that add less than 2/10ths of 1% to the GDP will cause these 3 million people to become a market power?
Besides "monopsony" doesn't apply to the "worker" component. A monopsony occurs when a single firm has market power through its factors of production.
So how does raising these 3 million (of which half are between 16 and 25 years) will have ANY positive effect?
In 2014, about 1.3 million U.S. workers age 16 and over earned exactly the prevailing federal minimum wage of $7.25 per hour. Another 1.7 million had wages below the federal minimum. Together these workers make up 4 percent of all hourly paid workers.
What are the characteristics of minimum wage workers? - UC Davis Center for Poverty Research
These entry level jobs are the training ground for people with little skill sets or education.
The ONLY value these jobs have is NOT to make money but as entry jobs training people in the simple fundamentals that employers want which are:
1) be on time 2) be on the job 3) be able to follow orders.
Those are the three fundamental characteristics that entry jobs provide.
With your ignoring the realities of the market place where raising the minimum wage will replace with kiosks and robots at a much cheaper cost.
You are NOT improving these entry level workers chances to learn when you make it more financially attractive to have machines replace these entry level workers.
and, monopsony applies simply due to the legal jurisdiction of State or federal law.
Monopsony
What is a 'Monopsony'?
A monopsony, sometimes referred to as a buyer's monopoly, is a market condition similar to a monopoly. However, in a monopsony, a large buyer, not a seller, controls a large proportion of the market and drives prices down. A monopsony occurs when a single firm has market power through its factors of production. The firm is the sole purchaser for multiple sellers and drives down the price of the seller's products or services according to the amount of quantity that it demands
monopsony has nothing to do with "legal jurisdiction of State or federal law"
"what about the reduced cost of social services"
Again remember what is the total increase in NET income after payroll taxes... on $48.3 billion after payroll taxes $42 billion.
Well for sure the payroll taxes of 12.4% or about $ 6 billion... yea that well create demand!
Where are your facts by the way?
As to reduced cost of social services:
The welfare budget is comprised of 13 unique programs as described on the Safety Net Programs Page.
These programs spent $364 billion and $354 billion in 2016 and 2017, respectively
Welfare Budget
So let's assume all 3 million that will get the additional $7.75 or $42 Billion (after payroll taxes) ...
That will reduce IF they are not eligible any longer the $364 billion by 13%.... Nice contribution but again will cause more problems because
as shown already this money won't be spent on humans! Robots...are far cheaper than $15.00.
Flippy' The Fast Food Robot (Sort Of) Mans The Grill At Caliburger
It certainly helps that Flippy, a burger-flipping robot developed by Miso Robotics, shows no concern about the low wages, meager benefits or long hours that plague the industry. The robot is reportedly capable of grilling 150 burgers per hour runs about $60,000 per unit
'Flippy' The Fast Food Robot (Sort Of) Mans The Grill At Caliburger
Works 7 days a week.. 23 hours...(1 hour off for maintenance.
Last for 5 years. So working 7 days 2 23 hours five years equals 294,026 hours divided into cost: $60,000 plus annual maintenance costs of say $600/year: $0.21 (21¢/hour).
Seems like a very good compared to actually $15.93/hour (you forgot the employer pays 6.2% payroll taxes also)...
There is NOTHING NOTHING you can say to refute the above FACTS.
$15.00 minimum wage is fine at a STATE level based on the state's standard of living. Again it is wrong to have a one size fits all.
All this does is encourages employers who are paying the minimum wage to look for alternatives. They have to.
Hmmm...you know he's never going to learn anything.
does that hold true for ceo's and the one percent in those States? they should be, "poorer in those States".Unemployment is natural under capitalism. It is why the left has a solution; unemployment compensation for capitalism's natural rate of unemployment. A fifteen dollar an hour minimum wage and unemployment compensation for being unemployed by capitalism's natural rate of unemployed at fourteen dollars an hour equivalent will solve that simple form of poverty; and, higher paid labor pays more in taxes and create more in demand.I can see a $15 minimum wage for heads of households. The problem with the $15 min is that jobs are lost, so kids can't find work.
AGAIN... how many people would GAIN from $15. wage????? Less than 3 million!
Q) How many people do you think work at minimum wage?
A) In 2014, about 1.3 million U.S. workers age 16 and over earned exactly the prevailing federal minimum wage of $7.25 per hour. Another 1.7 million had wages below the federal minimum. Together these workers make up 4 percent of all hourly paid workers. What are the characteristics of minimum wage workers? - UC Davis Center for Poverty Research
So let's raise ALL these 3 million people to $15.00/hour.
DO you think that solution will help the GDP????? Well guess what dummies!
The actual contribution would be 3 million times $7.75 X 2,080 hours and guess what a GREAT big difference to the GDP that makes??? 2/10ths of 1 percent!!!
$48.3 billion divided by $18.57 trillion equals 0.002%...WOW... what a gigantic difference!!!
Raising the minimum wage will also bump those on the low skill pay scale
Quoting how many people currently are making $7.25 ignores those who make less than $15 an hour. It also ignores those who make $15 to $20 an hour who will see positive pressure to raise wages
It will make a difference to those struggling at the lower pay scales
No actually what it will do is businesses will figure out how to do the same job with fewer people or with robots!
AGAIN raising the minimum wage for Mississippi is stupid and raising it to $15 in NYC is too low!
I'm all in favor of raising the minimum WAGE but on a STATE by STATE basis.
This stupidity of "one size fits all" has to stop. We have 50 states. The USA is a heterogeneous (for you that means varied) population so why are you so intent on forcing
on people in Mississippi a wage that is ludicrously high and a wage in NYC that will be ludicrously low?
we already covered this; Seattle and San Francisco are proof of the concept involving a form of monopsony.what about the reduced cost of social services and Labor being more able to afford higher rents, take another course, etc.How does making these 3 million people that add less than 2/10ths of 1% to the GDP will cause these 3 million people to become a market power?
Besides "monopsony" doesn't apply to the "worker" component. A monopsony occurs when a single firm has market power through its factors of production.
So how does raising these 3 million (of which half are between 16 and 25 years) will have ANY positive effect?
In 2014, about 1.3 million U.S. workers age 16 and over earned exactly the prevailing federal minimum wage of $7.25 per hour. Another 1.7 million had wages below the federal minimum. Together these workers make up 4 percent of all hourly paid workers.
What are the characteristics of minimum wage workers? - UC Davis Center for Poverty Research
These entry level jobs are the training ground for people with little skill sets or education.
The ONLY value these jobs have is NOT to make money but as entry jobs training people in the simple fundamentals that employers want which are:
1) be on time 2) be on the job 3) be able to follow orders.
Those are the three fundamental characteristics that entry jobs provide.
With your ignoring the realities of the market place where raising the minimum wage will replace with kiosks and robots at a much cheaper cost.
You are NOT improving these entry level workers chances to learn when you make it more financially attractive to have machines replace these entry level workers.
and, monopsony applies simply due to the legal jurisdiction of State or federal law.
Monopsony
What is a 'Monopsony'?
A monopsony, sometimes referred to as a buyer's monopoly, is a market condition similar to a monopoly. However, in a monopsony, a large buyer, not a seller, controls a large proportion of the market and drives prices down. A monopsony occurs when a single firm has market power through its factors of production. The firm is the sole purchaser for multiple sellers and drives down the price of the seller's products or services according to the amount of quantity that it demands
monopsony has nothing to do with "legal jurisdiction of State or federal law"
"what about the reduced cost of social services"
Again remember what is the total increase in NET income after payroll taxes... on $48.3 billion after payroll taxes $42 billion.
Well for sure the payroll taxes of 12.4% or about $ 6 billion... yea that well create demand!
Where are your facts by the way?
As to reduced cost of social services:
The welfare budget is comprised of 13 unique programs as described on the Safety Net Programs Page.
These programs spent $364 billion and $354 billion in 2016 and 2017, respectively
Welfare Budget
So let's assume all 3 million that will get the additional $7.75 or $42 Billion (after payroll taxes) ...
That will reduce IF they are not eligible any longer the $364 billion by 13%.... Nice contribution but again will cause more problems because
as shown already this money won't be spent on humans! Robots...are far cheaper than $15.00.
Flippy' The Fast Food Robot (Sort Of) Mans The Grill At Caliburger
It certainly helps that Flippy, a burger-flipping robot developed by Miso Robotics, shows no concern about the low wages, meager benefits or long hours that plague the industry. The robot is reportedly capable of grilling 150 burgers per hour runs about $60,000 per unit
'Flippy' The Fast Food Robot (Sort Of) Mans The Grill At Caliburger
Works 7 days a week.. 23 hours...(1 hour off for maintenance.
Last for 5 years. So working 7 days 2 23 hours five years equals 294,026 hours divided into cost: $60,000 plus annual maintenance costs of say $600/year: $0.21 (21¢/hour).
Seems like a very good compared to actually $15.93/hour (you forgot the employer pays 6.2% payroll taxes also)...
There is NOTHING NOTHING you can say to refute the above FACTS.
$15.00 minimum wage is fine at a STATE level based on the state's standard of living. Again it is wrong to have a one size fits all.
All this does is encourages employers who are paying the minimum wage to look for alternatives. They have to.
Hmmm...you know he's never going to learn anything.
Like a broken record.
If business could do the same job with fewer people or robots, they already would do itUnemployment is natural under capitalism. It is why the left has a solution; unemployment compensation for capitalism's natural rate of unemployment. A fifteen dollar an hour minimum wage and unemployment compensation for being unemployed by capitalism's natural rate of unemployed at fourteen dollars an hour equivalent will solve that simple form of poverty; and, higher paid labor pays more in taxes and create more in demand.The left wants to pioneer, raising the minimum wage to raise tax revenue, so the poor can help with taxes.
I can see a $15 minimum wage for heads of households. The problem with the $15 min is that jobs are lost, so kids can't find work.
AGAIN... how many people would GAIN from $15. wage????? Less than 3 million!
Q) How many people do you think work at minimum wage?
A) In 2014, about 1.3 million U.S. workers age 16 and over earned exactly the prevailing federal minimum wage of $7.25 per hour. Another 1.7 million had wages below the federal minimum. Together these workers make up 4 percent of all hourly paid workers. What are the characteristics of minimum wage workers? - UC Davis Center for Poverty Research
So let's raise ALL these 3 million people to $15.00/hour.
DO you think that solution will help the GDP????? Well guess what dummies!
The actual contribution would be 3 million times $7.75 X 2,080 hours and guess what a GREAT big difference to the GDP that makes??? 2/10ths of 1 percent!!!
$48.3 billion divided by $18.57 trillion equals 0.002%...WOW... what a gigantic difference!!!
Raising the minimum wage will also bump those on the low skill pay scale
Quoting how many people currently are making $7.25 ignores those who make less than $15 an hour. It also ignores those who make $15 to $20 an hour who will see positive pressure to raise wages
It will make a difference to those struggling at the lower pay scales
No actually what it will do is businesses will figure out how to do the same job with fewer people or with robots!
AGAIN raising the minimum wage for Mississippi is stupid and raising it to $15 in NYC is too low!
I'm all in favor of raising the minimum WAGE but on a STATE by STATE basis.
This stupidity of "one size fits all" has to stop. We have 50 states. The USA is a heterogeneous (for you that means varied) population so why are you so intent on forcing
on people in Mississippi a wage that is ludicrously high and a wage in NYC that will be ludicrously low?
only the right wing, never gets it.we already covered this; Seattle and San Francisco are proof of the concept involving a form of monopsony.what about the reduced cost of social services and Labor being more able to afford higher rents, take another course, etc.How does making these 3 million people that add less than 2/10ths of 1% to the GDP will cause these 3 million people to become a market power?
Besides "monopsony" doesn't apply to the "worker" component. A monopsony occurs when a single firm has market power through its factors of production.
So how does raising these 3 million (of which half are between 16 and 25 years) will have ANY positive effect?
In 2014, about 1.3 million U.S. workers age 16 and over earned exactly the prevailing federal minimum wage of $7.25 per hour. Another 1.7 million had wages below the federal minimum. Together these workers make up 4 percent of all hourly paid workers.
What are the characteristics of minimum wage workers? - UC Davis Center for Poverty Research
These entry level jobs are the training ground for people with little skill sets or education.
The ONLY value these jobs have is NOT to make money but as entry jobs training people in the simple fundamentals that employers want which are:
1) be on time 2) be on the job 3) be able to follow orders.
Those are the three fundamental characteristics that entry jobs provide.
With your ignoring the realities of the market place where raising the minimum wage will replace with kiosks and robots at a much cheaper cost.
You are NOT improving these entry level workers chances to learn when you make it more financially attractive to have machines replace these entry level workers.
and, monopsony applies simply due to the legal jurisdiction of State or federal law.
Monopsony
What is a 'Monopsony'?
A monopsony, sometimes referred to as a buyer's monopoly, is a market condition similar to a monopoly. However, in a monopsony, a large buyer, not a seller, controls a large proportion of the market and drives prices down. A monopsony occurs when a single firm has market power through its factors of production. The firm is the sole purchaser for multiple sellers and drives down the price of the seller's products or services according to the amount of quantity that it demands
monopsony has nothing to do with "legal jurisdiction of State or federal law"
"what about the reduced cost of social services"
Again remember what is the total increase in NET income after payroll taxes... on $48.3 billion after payroll taxes $42 billion.
Well for sure the payroll taxes of 12.4% or about $ 6 billion... yea that well create demand!
Where are your facts by the way?
As to reduced cost of social services:
The welfare budget is comprised of 13 unique programs as described on the Safety Net Programs Page.
These programs spent $364 billion and $354 billion in 2016 and 2017, respectively
Welfare Budget
So let's assume all 3 million that will get the additional $7.75 or $42 Billion (after payroll taxes) ...
That will reduce IF they are not eligible any longer the $364 billion by 13%.... Nice contribution but again will cause more problems because
as shown already this money won't be spent on humans! Robots...are far cheaper than $15.00.
Flippy' The Fast Food Robot (Sort Of) Mans The Grill At Caliburger
It certainly helps that Flippy, a burger-flipping robot developed by Miso Robotics, shows no concern about the low wages, meager benefits or long hours that plague the industry. The robot is reportedly capable of grilling 150 burgers per hour runs about $60,000 per unit
'Flippy' The Fast Food Robot (Sort Of) Mans The Grill At Caliburger
Works 7 days a week.. 23 hours...(1 hour off for maintenance.
Last for 5 years. So working 7 days 2 23 hours five years equals 294,026 hours divided into cost: $60,000 plus annual maintenance costs of say $600/year: $0.21 (21¢/hour).
Seems like a very good compared to actually $15.93/hour (you forgot the employer pays 6.2% payroll taxes also)...
There is NOTHING NOTHING you can say to refute the above FACTS.
$15.00 minimum wage is fine at a STATE level based on the state's standard of living. Again it is wrong to have a one size fits all.
All this does is encourages employers who are paying the minimum wage to look for alternatives. They have to.
Hmmm...you know he's never going to learn anything.
Like a broken record.
