danielpalos
Diamond Member
- Banned
- #281
socialism is about equality in our political economy.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.
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?
But they are NOT.... Their standard of living is lower because they :
a)have a lower state income tax for example in MS... 5% Vs. NY 8.82% Plus NYC has a 3% personal income tax (so right away $15/hr has 11% income tax deducted)
What Americans pay in state income taxes, ranked from highest to lowest
b)Cost of living index is lower in MS...84.0 % Vs HW 186% Cost of Living First Quarter 2018
So as for your socialistic tendencies to blame capitalists.."hold true for ceo's and the one percent in those States? Of course it holds true!
Why are you against CEOs making say 10 to 100 times the worker?
Do you have the same angst against these guys?
Why are you against CEOs that are the tops in their fields but you say NOTHING about these people?
I mean each are top performers and in all those evil corporations that you hate, some ONE person is basically responsible with penalty of going to JAIL if
any DECISIONS are against Federal/state/local laws. PLUS these top performer CEOs have to answer to people just as the below "performers" have to answer to and
YET I don't see any outcry against THESE below that totally depend on those poor minimum wage workers to buy the tickets,merechandise, etc. that pay their salaries!
Why are you NOT mentioning them? After all they CAN tell their sponsors ..Hey I'm not going to endorse your goods and take your millions if you don't raise the minimum wage!"
Why aren't you going after them also?
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