Minimum Wage Increase: They Never Talks About the SALES

[Stephanie]

For the children in the Democrat base. SERIOUSLY!!!!!! you can't be taken serious

Published on Jan 18, 2014
Eliminate the minimum wage! This was the first piece that my kids watched and knew that the Minimum Wage increases unemployment, increases all our prices and it hurts the poor and the less educated.

 

[Brain357]

I'm still waiting for the sky to fall from a min wage hike. It's been done many times and the sky has never fallen. Sales will increase. Most the places that are paying min wage have a strong customer base also making min wage. Heck many employees are also customers.

 

[Toddsterpatriot]

I'm still waiting for the sky to fall from a min wage hike. It's been done many times and the sky has never fallen. Sales will increase. Most the places that are paying min wage have a strong customer base also making min wage. Heck many employees are also customers.

Sales will increase. Most the places that are paying min wage have a strong customer base also making min wage.

Increased sales and lower profits. Oh boy!

 

[Brain357]

I'm still waiting for the sky to fall from a min wage hike. It's been done many times and the sky has never fallen. Sales will increase. Most the places that are paying min wage have a strong customer base also making min wage. Heck many employees are also customers.

Sales will increase. Most the places that are paying min wage have a strong customer base also making min wage.

Increased sales and lower profits. Oh boy!

Increased sales are also increased profits. That covers the increase in labor.

 

[2aguy]

I'm still waiting for the sky to fall from a min wage hike. It's been done many times and the sky has never fallen. Sales will increase. Most the places that are paying min wage have a strong customer base also making min wage. Heck many employees are also customers.

Tell that to teenagers.....with the highest unemployment rate in the country...

 

[2aguy]

I'm still waiting for the sky to fall from a min wage hike. It's been done many times and the sky has never fallen. Sales will increase. Most the places that are paying min wage have a strong customer base also making min wage. Heck many employees are also customers.

Sales will increase. Most the places that are paying min wage have a strong customer base also making min wage.

Increased sales and lower profits. Oh boy!

Increased sales are also increased profits. That covers the increase in labor.

Where are the increased sales coming from.....

 

[2aguy]

Where is the chart that shows employers the precise number of employees they should hire in order to get the most income/profit?

It's called business school, dopey.

No one wants to eat at an understaffed restaurant.

So we need government to set staffing guidelines, amiright?

Yes...the next step.....make it illegal to fire or reduce hours.......and mandate that all businesses have to hire 10 people........and then slowly increase the number of people they have to hire...

That way they can't avoid not paying minimum wage....and then pass a law that says they can't close their business...that should do the trick....right?

 

[kiwiman127]

If a person is willing to put a tiny bit of effort in doing some easy research you will find that raising the minimum wage does not cause spikes in unemployment or inflation. That is a fact.
Below are three links.
Link 1 shows each date the minimum wage was raised.
Minimum Wage - Wage and Hour Division WHD - U.S. Department of Labor
Link 2 shows historic inflation (CPI)
Historical Consumer Price Index CPI
Link 3 shows historic unemployment
US Unemployment Rate by Month

All a person has to do is match up the dates and it's very easy.

The only time that the minimum wage was increased and unemployment went up was during the Great Recession. Not one economist ever claimed that the minimum wage was the culprit for the rise in unemployment.

Finally, according to Cato, raising the minimum wage benefit s the Middle Class.
Minimum Wage Hike Would Benefit 3X More Middle-Class Workers Than Poor
Minimum Wage Hike Would Benefit 3X More Middle-Class Workers Than Poor

 

[Brain357]

I'm still waiting for the sky to fall from a min wage hike. It's been done many times and the sky has never fallen. Sales will increase. Most the places that are paying min wage have a strong customer base also making min wage. Heck many employees are also customers.

Tell that to teenagers.....with the highest unemployment rate in the country...

They probably don't want a job.

 

[Brain357]

I'm still waiting for the sky to fall from a min wage hike. It's been done many times and the sky has never fallen. Sales will increase. Most the places that are paying min wage have a strong customer base also making min wage. Heck many employees are also customers.

Sales will increase. Most the places that are paying min wage have a strong customer base also making min wage.

Increased sales and lower profits. Oh boy!

Increased sales are also increased profits. That covers the increase in labor.

Where are the increased sales coming from.....

Customers who have more income obviously.

 

[Toddsterpatriot]

I'm still waiting for the sky to fall from a min wage hike. It's been done many times and the sky has never fallen. Sales will increase. Most the places that are paying min wage have a strong customer base also making min wage. Heck many employees are also customers.

Sales will increase. Most the places that are paying min wage have a strong customer base also making min wage.

Increased sales and lower profits. Oh boy!

Increased sales are also increased profits. That covers the increase in labor.

A company has $1,000,000 in sales, $500,000 COGS and $300,000 in wage expenses.
Increase their wage expense by $100,000 and their sales by $100,000.

How does their new profit compare to their old profit?

 

[kiwiman127]

For the children in the Democrat base. SERIOUSLY!!!!!! you can't be taken serious

Published on Jan 18, 2014
Eliminate the minimum wage! This was the first piece that my kids watched and knew that the Minimum Wage increases unemployment, increases all our prices and it hurts the poor and the less educated.

As my post #348 factually proves. Raising the minimum wage does not cause unemployment or cause inflation.
Quit listening to talking points, typically they are flat out lies.

 

[Brain357]

I'm still waiting for the sky to fall from a min wage hike. It's been done many times and the sky has never fallen. Sales will increase. Most the places that are paying min wage have a strong customer base also making min wage. Heck many employees are also customers.

Sales will increase. Most the places that are paying min wage have a strong customer base also making min wage.

Increased sales and lower profits. Oh boy!

Increased sales are also increased profits. That covers the increase in labor.

A company has $1,000,000 in sales, $500,000 COGS and $300,000 in wage expenses.
Increase their wage expense by $100,000 and their sales by $100,000.

How does their new profit compare to their old profit?

Where are you coming up with your numbers? Look quite baseless.

 

[Toddsterpatriot]

I'm still waiting for the sky to fall from a min wage hike. It's been done many times and the sky has never fallen. Sales will increase. Most the places that are paying min wage have a strong customer base also making min wage. Heck many employees are also customers.

Sales will increase. Most the places that are paying min wage have a strong customer base also making min wage.

Increased sales and lower profits. Oh boy!

Increased sales are also increased profits. That covers the increase in labor.

A company has $1,000,000 in sales, $500,000 COGS and $300,000 in wage expenses.
Increase their wage expense by $100,000 and their sales by $100,000.

How does their new profit compare to their old profit?

Where are you coming up with your numbers? Look quite baseless.

If you have a different example, share.

 

[Brain357]

I'm still waiting for the sky to fall from a min wage hike. It's been done many times and the sky has never fallen. Sales will increase. Most the places that are paying min wage have a strong customer base also making min wage. Heck many employees are also customers.

Sales will increase. Most the places that are paying min wage have a strong customer base also making min wage.

Increased sales and lower profits. Oh boy!

Increased sales are also increased profits. That covers the increase in labor.

A company has $1,000,000 in sales, $500,000 COGS and $300,000 in wage expenses.
Increase their wage expense by $100,000 and their sales by $100,000.

How does their new profit compare to their old profit?

Where are you coming up with your numbers? Look quite baseless.

If you have a different example, share.

Sure. Company has $1,000,000 in sales. $500,000 COGS and $300,000 wage expenses. Sales increase by $100,000 and wage expense increases by $20,000. Profit increases $30,000.

 

[Toddsterpatriot]

Sales will increase. Most the places that are paying min wage have a strong customer base also making min wage.

Increased sales and lower profits. Oh boy!

Increased sales are also increased profits. That covers the increase in labor.

A company has $1,000,000 in sales, $500,000 COGS and $300,000 in wage expenses.
Increase their wage expense by $100,000 and their sales by $100,000.

How does their new profit compare to their old profit?

Where are you coming up with your numbers? Look quite baseless.

If you have a different example, share.

Sure. Company has $1,000,000 in sales. $500,000 COGS and $300,000 wage expenses. Sales increase by $100,000 and wage expense increases by $20,000. Profit increases $30,000.

How does the magical minimum wage increase lead to 5 times more spending than the actual wage increase?

 

[Brain357]

Increased sales are also increased profits. That covers the increase in labor.

A company has $1,000,000 in sales, $500,000 COGS and $300,000 in wage expenses.
Increase their wage expense by $100,000 and their sales by $100,000.

How does their new profit compare to their old profit?

Where are you coming up with your numbers? Look quite baseless.

If you have a different example, share.

Sure. Company has $1,000,000 in sales. $500,000 COGS and $300,000 wage expenses. Sales increase by $100,000 and wage expense increases by $20,000. Profit increases $30,000.

How does the magical minimum wage increase lead to 5 times more spending than the actual wage increase?

Why wouldn't it? The company has few employees who got the raise and lots of customers who got a big wage increase.

 

[Toddsterpatriot]

A company has $1,000,000 in sales, $500,000 COGS and $300,000 in wage expenses.
Increase their wage expense by $100,000 and their sales by $100,000.

How does their new profit compare to their old profit?

Where are you coming up with your numbers? Look quite baseless.

If you have a different example, share.

Sure. Company has $1,000,000 in sales. $500,000 COGS and $300,000 wage expenses. Sales increase by $100,000 and wage expense increases by $20,000. Profit increases $30,000.

How does the magical minimum wage increase lead to 5 times more spending than the actual wage increase?

Why wouldn't it? The company has few employees who got the raise and lots of customers who got a big wage increase.

For that to occur, you'd have other companies that had an increased wage expense without an increase in sales.

 

[Brain357]

Where are you coming up with your numbers? Look quite baseless.

If you have a different example, share.

Sure. Company has $1,000,000 in sales. $500,000 COGS and $300,000 wage expenses. Sales increase by $100,000 and wage expense increases by $20,000. Profit increases $30,000.

How does the magical minimum wage increase lead to 5 times more spending than the actual wage increase?

Why wouldn't it? The company has few employees who got the raise and lots of customers who got a big wage increase.

For that to occur, you'd have other companies that had an increased wage expense without an increase in sales.

Why? Every company has way more customers than employees. Or they should.

 

[SmarterThanTheAverageBear]

Until any of you idiots can explain why a minimum wage that is anywhere between 15%-25% less than what it was when YOU were earning minimum wage is fair, this debate is over.