Minimum Wage Increase: They Never Talks About the SALES

[protectionist]

Items will eventually go up in price and reestablish a new market price, but my argument is that prices of items do this anyway, with other hikes in the cost of doing business, so why should all of this be put on the backs of the very workers making you your money? Your workers are taking pay cuts when their salaries do not go up with the cost of living, if they can not buy the very goods they sell, like they used to be able to buy... and it does hurt businesses all around by wiping out a consumer market that you once had....

Absolutely. This is what I've been saying all through the thread (DISPOSABLE INCOME) > that is indispensible to doing business.

 

[protectionist]

AKA SALES$$$$$

Not really. I began spending marginally more (10-15%) despite a considerable (85%+) raise. I stopped buying the store brand groceries and bought the national brands insead. I added comprehensive and glass coverage to the car. I moved in with two roommates, so the rent and utilities actually went DOWN from what I was paying previously.

You can do whatever YOU want, but when the MW goes up, suddenly the highest energy spenders (with the longest list of things they need to buy) go out and spend like hotcakes. Common sense.

 

[Toddsterpatriot]

Of course there is adjustments in price over time...fuel and shipping prices go up, or the cost of goods go up,

Or the cost of labor goes up. It seems like you understand his error.
Maybe you can help him understand?

He has helped YOU understand. Now it's your job to do the understanding, and be honest about it.

I honestly understood, and rightfully mocked, your confusion from the start.

 

[protectionist]

Items will eventually go up in price and reestablish a new market price,

Professor Protectionist says that is impossible.

so why should all of this be put on the backs of the very workers making you your money?

Who did that? Not me.

Your workers are taking pay cuts when their salaries do not go up with the cost of living

Yes. And in some industries that is the proper thing to do.

1. No, I didn't say that.

2. Who else chose what their wages would be ?

3. Whether proper or improper, if enough businesses don't raise salaries with the cost of living, your SALES will suffer, as there won't be sufficient DI in the community to sustain them.

 

[protectionist]

If the hike doesn't do what you claim, exempt everybody.

The hike always does what I state it does. Exemptions are not for everybody. Only those who could legitimately show a hardship condition (usually due to a very large # of MW workers combined with a tendency for the particular business to have a low increased sales from the hike)

The hike always does what I state it does.

You said an extra dollar in sales would offset an extra dollar in salary expense.
Hilariously inaccurate!

So one dollar in, doesn't not offset one dollar out ?

 

[protectionist]

I honestly understood, and rightfully mocked, your confusion from the start.

Correction: You have been PRETENDING to mock. One who is either lying or clueless, is not capable of mocking. And that isn't a "mock". It's just a fact. Here is a mock >>

Look familiar ?

****************************************************************************************

So you want to enter the mocking arena, huh ? OK. I can play that game with you. As I said before, if you could show a hardship case, you could qualify for an exemption from having to pay the raised MW. BUT, in your case, Torpedo Todd, since you have shown deceit, greed, and belligerence, you will qualify for an different exemption. In stead of paying your employees $15/hour, YOU will pay them $30/hour.

You will also pay them sick leave for all ailments, including hangnails,

You will also pay them for time off for their birthdays. If there is no one to fill in for them, YOU will fill in for them, (that includes mopping floors and cleaning toilets)

You must also supply a place for their children to play so they don't have to leave them with and pay for a babysitter.

There will be more of these later.

 

[Toddsterpatriot]

If the hike doesn't do what you claim, exempt everybody.

The hike always does what I state it does. Exemptions are not for everybody. Only those who could legitimately show a hardship condition (usually due to a very large # of MW workers combined with a tendency for the particular business to have a low increased sales from the hike)

The hike always does what I state it does.

You said an extra dollar in sales would offset an extra dollar in salary expense.
Hilariously inaccurate!

So one dollar in, doesn't not offset one dollar out ?

No, it doesn't, you economic illiterate.

 

[Toddsterpatriot]

I honestly understood, and rightfully mocked, your confusion from the start.

Correction: You have been PRETENDING to mock. One who is either lying or clueless, is not capable of mocking. And that isn't a "mock". It's just a fact. Here is a mock >>

Look familiar ?

So here's the real crux of all this. As in 1000 other media reports I've seen on minimum wage increases, the most important aspect of this is NEVER MENTIONED. Not a word. That is the increase in DISPOSABLE INCOME resulting in INCREASES SALES$$$. All businesses get this, and generally it far outweighs labor increases, since the number of wage raised consumers (not just those at the minimum wage) by far outnumbers any one employer's workers who are getting wage increases.

Such idiocy......I almost feel sorry for you.

 

[OnePercenter]

the most important aspect of this is NEVER MENTIONED. Not a word. That is the increase in DISPOSABLE INCOME resulting in INCREASES SALES$$$.

If I pay my employees another $500,000 a year, are my sales supposed to increase by $500,000?
Is that supposed to be an even trade?

No, you'll make more money. Less tax payments, more net income from increased sales.

 

[OnePercenter]

Just now, I saw another report about the topic of minimum wage increase. This one was on CNN, hosted by Julie Banderas. She was talking to Scott Gamm, of HelpSaveMyDollars.com, a financial website focused on helping consumers save and learn about money. They were talking about the recent 14-1 vote by the city of Los Angeles to raise the minimum wage to $15 by 2020.

Scott might be well versed on various aspects pertaining to consumer finances but, on the minimum wage raise, he is waaay off the mark. He said three things about the minimum wage raise topic. And he was WRONG on all three. Gamm merely recited the 3 most commonly heard (and programmed) descriptions about minimum wage raises.

1. He said it would cause jobs to be lost. FALSE! Employers function with a number of employees that bring them the most income/profit. They CANNOT reduce staff. Any more or less employees results in SALES and income reduction. Layoffs result in losses, not gains.

2. He (and Banderas too) said prices would be raised (or fees created) to compensate for the wage losses, and these losses would just be "passed on" to the customers. More FALSE! scare talk. Businesses CANNOT raise prices because they are already fixed at a market price, related to maximization of sales/income. Any change in price (up or down) results in reduction of SALES and income.

3. He said businesses will move away from LA. FALSE! (in most cases). Does Gamm think that closing down a business and moving to another location can be done scott (no pun intended) free ? Depending on the business, moving costs can vary from just barely economical, to completely UNeconomical, and the latter is much more often the case. Imagine a machine shop with over 100 large production machines, having to pack then all up and move miles away. Some businesses could do it. Not many.

So here's the real crux of all this. As in 1000 other media reports I've seen on minimum wage increases, the most important aspect of this is NEVER MENTIONED. Not a word. That is the increase in DISPOSABLE INCOME resulting in INCREASES SALES$$$. All businesses get this, and generally it far outweighs labor increases, since the number of wage raised consumers (not just those at the minimum wage) by far outnumbers any one employer's workers who are getting wage increases.

Then there's also the fact that many business, while receiving this big SALES boost, do NOT have any wage loss at all. These are businesses who are mom & pop and have no employees, those whose workers are all working just on sales commission (car lots, furniture, real estate, insurance, etc), and third, those with skilled workers (ex. machine shops) whose workers all already get well over $15 hour, or whatever the MW would be raised to.

I think back to when I owned a business. I paid my commission salespeople $350/hour (in 2015 dollars), and they still were only receiving 15% of the sale. In all, I made fine profits and expanded the business. Biggest downer ? All the people who called in and said > "Sorry. I can't afford it." Of course they can't. Not one somebody out there is paying them a low minimum wage. To be successful in business, you have a lot fo things to do. But you can't do anything, if the public around you doesn't have money in their pockets to buy what you're trying to sell.

This is why Conservatives who support raising the MW nationwide, outnumber Conservatives who don't, 54% to 44%.

the most important aspect of this is NEVER MENTIONED. Not a word. That is the increase in DISPOSABLE INCOME resulting in INCREASES SALES$$$.

If I pay my employees another $500,000 a year, are my sales supposed to increase by $500,000?
Is that supposed to be an even trade?

I don't understand how you can be so dense. The economic benefits of raising the minimum wage would occur because the change would happen in the entire economy. Overall, a good portion of the economy would have more disposable income, so yeah, business in general would see an increase in demand.

Good luck debating 'entire' with a sociopath.

 

[Toddsterpatriot]

the most important aspect of this is NEVER MENTIONED. Not a word. That is the increase in DISPOSABLE INCOME resulting in INCREASES SALES$$$.

If I pay my employees another $500,000 a year, are my sales supposed to increase by $500,000?
Is that supposed to be an even trade?

No, you'll make more money. Less tax payments, more net income from increased sales.

No, you'll make more money.

Another idiot chimes in.

Less tax payments

Lower profits will require lower tax payments.

more net income from increased sales.

LOL!

 

[Toddsterpatriot]

the most important aspect of this is NEVER MENTIONED. Not a word. That is the increase in DISPOSABLE INCOME resulting in INCREASES SALES$$$.

If I pay my employees another $500,000 a year, are my sales supposed to increase by $500,000?
Is that supposed to be an even trade?

No, you'll make more money. Less tax payments, more net income from increased sales.

Company has $1,000,000 in sales. $500,000 COGS and $300,000 wage expenses.
Increase wage expenses and sales by $100,000.
How does your new profit compare to your old profit?

Maybe you can ask your accountant? LOL!

 

[CrusaderFrank]

Think of how rich we'd all be with a billion annual minimum wage!

 

[protectionist]

I don't understand how you can be so dense. The economic benefits of raising the minimum wage would occur because the change would happen in the entire economy. Overall, a good portion of the economy would have more disposable income, so yeah, business in general would see an increase in demand.

Of course. And increase in demand means more SALES$$$$$. Which again, for about the 100th time, takes us back to the title of the thread and the fundamental TOPIC here >>
Minimum Wage Increase: They Never Talks About the SALES

And they're not "dense", Billy. They are not agreeing with us, because they don't WANT to agree.

 

[protectionist]

Think of how rich we'd all be with a billion annual minimum wage!

Somebody already tried that silly ploy (and failed of course)

 

[protectionist]

I'm not surprised you support increasing the minimum wage because you are a socialist moron, and you are certainly no conservative.

You've already been instructed that most Conservatives SUPPORT a MW raise, so don't try to slip that foolishness by us again. You got burned with it before. Now you're burned with it again. Maybe you're a masochist ?

Bwa ha ha ha ha.

 

[Toddsterpatriot]

I don't understand how you can be so dense. The economic benefits of raising the minimum wage would occur because the change would happen in the entire economy. Overall, a good portion of the economy would have more disposable income, so yeah, business in general would see an increase in demand.

Of course. And increase in demand means more SALES$$$$$. Which again, for about the 100th time, takes us back to the title of the thread and the fundamental TOPIC here >>
Minimum Wage Increase: They Never Talks About the SALES

And they're not "dense", Billy. They are not agreeing with us, because they don't WANT to agree.

Minimum Wage Increase: They Never Talks About the SALES

I talked about the sales. And showed final profit is less.

 

[protectionist]

Overall, a good portion of the economy would have more disposable income, so yeah, business in general would see an increase in demand.

And the increase still leaves them less profitable.

You like setting up scenarios. Now it's my turn.

1. Business ABC has 2 MW workers. MW goes up.

2. 100,000 MW workers now have more than double the disposable income they had before. And ABC is not going to profit from this ?

 

[protectionist]

I talked about the sales. And showed final profit is less.

 

[protectionist]

I'm outta here. I, et al also, have already made our points. Crystal clear.