Seattle raises minimum wage to $15 an hour

[Toddsterpatriot]

You know nothing about economics. The reason that $.35 burger cost ten times more is because the US dollar fell 96% due to money printing. Wages are always trying to play catch up with inflation but never do keep up.

So let me get this straight skippy. According to you, you say that rather than pass the cost of doing business along to customers, businesses will "lower their prices" and attempt to make the deficit up in sale quanity.

You, sir, no nothing about economics. Not only are you NOT savvy in business, you are

The problem with you voodo inflationomic retards is you can't even comprehend plain English, much less economics.

Deflation forces prices down. Business will never willingly lower prices & are always trying to charge as much possible. Customers will not allow you to hike price in a deflationary environment created by lower deficits.

Prices usually just stagnate with those opposing forces & history proves the declining dollar dramatically slows it's fall when minimum wage is raised above government support levels.

Interesting you mentioned Business 101 earlier. Because college business 101 doctrine was created & inserted into schools by Wallstreet Bankers to brainwash idiots like you into keeping your money going to them. They teach fantasy wage/price spiral & Philips-curve inflation creates jobs nonsense. They turn out voodo inflationomic retards like yourself by the millions. Someday you might grow a brain & a pair & demand your money back for those classes. Because you will never get anywhere in life with your head up your ass.

Even during the peak of unions in this country, wages did not drive inflation, wages have never caused prices to rise. Unions strikes did disrupt the economy & cost jobs, but minimum wage has never, never, never, never caused a wage/price-spiral that your business 101 class hammered into your head.

I will leave you with this. A couple years back McDonald's raised prices. Their McDouble went from $1 to $1.29 because their input commodity prices rose. Their workers did not get a raise or any extra healthcare benefits. The farm field hands picking the food did not get raises or more benefits. But McDonalds prices rise 29% even if you lower wages or hold them the same. It's called inflation & it is 100% created by Bankers & Governments. Workers never create inflation, they are deflationary because they create goods, services & wealth to pay down the inflationary debts created by Bankers & Governments.

Customers will not allow you to hike price in a deflationary environment created by lower deficits.

Lower deficits are deflationary? Can you prove it?

 

[RandallFlagg]

So let me get this straight skippy. According to you, you say that rather than pass the cost of doing business along to customers, businesses will "lower their prices" and attempt to make the deficit up in sale quanity.

You, sir, no nothing about economics. Not only are you NOT savvy in business, you are

The problem with you voodo inflationomic retards is you can't even comprehend plain English, much less economics.

Deflation forces prices down. Business will never willingly lower prices & are always trying to charge as much possible. Customers will not allow you to hike price in a deflationary environment created by lower deficits.

Prices usually just stagnate with those opposing forces & history proves the declining dollar dramatically slows it's fall when minimum wage is raised above government support levels.

Interesting you mentioned Business 101 earlier. Because college business 101 doctrine was created & inserted into schools by Wallstreet Bankers to brainwash idiots like you into keeping your money going to them. They teach fantasy wage/price spiral & Philips-curve inflation creates jobs nonsense. They turn out voodo inflationomic retards like yourself by the millions. Someday you might grow a brain & a pair & demand your money back for those classes. Because you will never get anywhere in life with your head up your ass.

Even during the peak of unions in this country, wages did not drive inflation, wages have never caused prices to rise. Unions strikes did disrupt the economy & cost jobs, but minimum wage has never, never, never, never caused a wage/price-spiral that your business 101 class hammered into your head.

I will leave you with this. A couple years back McDonald's raised prices. Their McDouble went from $1 to $1.29 because their input commodity prices rose. Their workers did not get a raise or any extra healthcare benefits. The farm field hands picking the food did not get raises or more benefits. But McDonalds prices rise 29% even if you lower wages or hold them the same. It's called inflation & it is 100% created by Bankers & Governments. Workers never create inflation, they are deflationary because they create goods, services & wealth to pay down the inflationary debts created by Bankers & Governments.

Customers will not allow you to hike price in a deflationary environment created by lower deficits.

Lower deficits are deflationary? Can you prove it?

Just more pseudo-economic propaganda. Companies raise prices when their costs go up. It's simple economics. This clown would have us believe that it's Wall Streets fault.

 

[Jarlaxle]

So everyone in Seattle who was at 9 bucks an hour will now have an extra 200+ bucks a week to spend into the Seattle economy.

How do you come to that conclusion?

He's just not too bright.

 

[LordBrownTrout]

Theres some serious economic retardation going on in this thread, specifically supply and demand in reference to wages. Good Lord. Ultimately, the small businesses will suffer the most and larger companies will simply pass the increase on to the consumers.

Price will fall. Businesses can't just pass along price increases. This is why con's fail at economics & government.

You're wrong. I've started up and sold three companies. That's exactly what businesses do.

 

[LordBrownTrout]

Price will fall. Businesses can't just pass along price increases. This is why con's fail at economics & government.

So labor goes up, and to offset the added expense, the businesses will lower prices?

How do they keep profit margin?

Don't listen to this clown. Price increases are passed along to the customer - regardless of the price increase. Otherwise, that McDonald hamburger that you pay $3.39 for would still be $.35

Companies that don't raise prices to offset increases in labor, or goods and services go bankrupt. That is Business 101.

He has absolutely no economic sense. It's incredible how much they don't know.

 

[Missouri_Mike]

Theres some serious economic retardation going on in this thread, specifically supply and demand in reference to wages. Good Lord. Ultimately, the small businesses will suffer the most and larger companies will simply pass the increase on to the consumers.

Price will fall. Businesses can't just pass along price increases. This is why con's fail at economics & government.

Did I just trip over the dumbest fucking person on the internet here?

Business has no choice but to pass the cost of labor on to the customer you fucktard. Prices can never fall if the labor to produce the products increases. You fail at basic fucking math you moron.

How in the hell do you increase the cost of labor on anything and get a lower selling price? It's not fucking possible you retarded fool.

You can't even comprehend production cost versus market price and you think we don't understand economics? Nice job, you have proven yourself too fucking stupid to be taken seriously.

 

[Missouri_Mike]

So labor goes up, and to offset the added expense, the businesses will lower prices?

How do they keep profit margin?

Don't listen to this clown. Price increases are passed along to the customer - regardless of the price increase. Otherwise, that McDonald hamburger that you pay $3.39 for would still be $.35

Companies that don't raise prices to offset increases in labor, or goods and services go bankrupt. That is Business 101.

He has absolutely no economic sense. It's incredible how much they don't know.

When you run across someone this fucking stupid there's no chance of educating them. Best to just hope they don't procreate and live short lives.

 

[thereisnospoon]

Surprise! Leftist minimum wage policy backfires in Seattle suburb

Proving once again that business will always find ways around egregious government interference.

 

[thereisnospoon]

The business journal Bloomberg Businessweek points out that the country of Denmark has a minimum pay rate of the equivalent of about $20 an hour, but its business climate is sufficiently healthy for the World Bank to ranked it as the easiest place in Europe to do business in 2011, 2012, and 2013. Denmark is also "among the leading countries in income equality and national happiness." Denmark also had a lower unemployment rate (6.8%) and higher labor participation rate (64.4%) than the United States (7.4%, 63.6% as of September 2013) where the minimum wage is far lower ($7.25).

Minimum wage - Wikipedia, the free encyclopedia

Yeah well this ain't Denmark.
And what works for Denmark stays in Denmark.
Comparing a country with a smaller population than almost half the US States to a country with 315 mln people is at best idiotic.
If you want Denmark, MOVE to Denmark.

 

[thereisnospoon]

70% of the American economy is consumer demand.
Increasing wages increases demand which creates more jobs.

It's called the virtuous cycle.

Not even close to true.
The marketplace and ONLY the marketplace should dictate wages and prices.
This ordinance is comparable to the Federal Reserve printing money to cover US federal debt.
Something has to give to make up for the excess money supply.
In other words, the money to pay these people HAS to come from somewhere.
Surely one cannot expect a business operating on small margins to begin with to simply eat the additional cost of labor.
As it is well known, labor is a commodity. As the price rises, the effect is less available labor.

 

[thereisnospoon]

Republicans want to reward ownership.

Democrats want to reward work.

That is the way it has always been.

That's not an intelligent statement.

 

[thereisnospoon]

Republicans want to reward ownership.

Democrats want to reward work.

That is the way it has always been.

What's wrong with rewarding both? Both are good for our economy.

The government pays $1.2 billion dollars in benefits to people who work at McDonalds.

Wouldn't it be better for McDonalds to pay their workers a living wage rather than to have a hugely profitable corporation that sells bad food be subsidized by the taxpayer?

Got a link?

 

[thereisnospoon]

Republicans want to reward ownership.

Democrats want to reward work.

That is the way it has always been.

Then why do you tax people who successfully work hard at a higher rate?

Rich people don't work hard!

Wanna bet?
Ok. You're all done here.
Your premise has been defeated and now you're just spewing nonsense

 

[thereisnospoon]

Seattle is in Scandinavia?

Who knew?

I knew that but thanks. Just mentioning your reference to scandinavia.

That's the difference between you and me.

I believe we can learn from other countries that are run better than the U.S.

Just pack your things and move.
Who says Denmark is a "better" country?
You? Who cares what you think.

 

[thereisnospoon]

In completely related news, the unemployment rate in the Seattle areas affected just went up.

Your an idiot. Increasing minimum wage increases jobs & lowers unemployment rates. Seattle has the highest minimum wage in the country, yet their unemployment rate is only 4.4% which is lower than their surrounding cities, their state, surrounding states & lower than the state of Texas that has low wages & the benefits of an oil boom.

No it doesn't...Business will do what it must to survive and turn a profit.
Owners will make adjustments to labor costs to remain profitable.
Labor is a commodity and is the highest percentage cost of operation.

 

[Againsheila]

70% of the American economy is consumer demand.
Increasing wages increases demand which creates more jobs.

It's called the virtuous cycle.

Not even close to true.
The marketplace and ONLY the marketplace should dictate wages and prices.
This ordinance is comparable to the Federal Reserve printing money to cover US federal debt.
Something has to give to make up for the excess money supply.
In other words, the money to pay these people HAS to come from somewhere.
Surely one cannot expect a business operating on small margins to begin with to simply eat the additional cost of labor.
As it is well known, labor is a commodity. As the price rises, the effect is less available labor.

The minimum wage was set to support a family of 3 at above poverty level when it was started. After it was started we saw a wonderful increase in the middle class, a great economy and an America stronger than ever before in history. Now, minimum wage has the lowest spending power in history and our middle class is declining, wages are stagnant, even our credit rating for our country has been lowered.

Either raise the minimum wage to the spending power it had to begin with as it's a good thing, or eliminate the minimum wage as it's a bad thing. You can't have it both ways.

 

[thereisnospoon]

So everyone in Seattle who was at 9 bucks an hour will now have an extra 200+ bucks a week to spend into the Seattle economy.

Umm, yer math leaves out a few details.
One, these workers will be in a higher tax bracket for both federal and state income taxes.
You also leave out the probability that if any of these people are scheduled for 40 hours per week, their hours will be cut dramatically. And why is this? Because the typical business simply does not have the resources to fund the additional labor costs.
And here's another issue. For example that woman who works in the hotel in "Sea Tac"...
The town raised their min wage to $15.
The woman said it's "no good"...She no longer gets tips. She had free parking. Gone. Free food from the hotel. Gone. Overtime is no longer an option because it costs her too much for parking. She makes LESS now than when she was paid the old minimum wage.
Once again, the the compassion of the liberal ideology ignores the laws of unintended consequences...

 

[Againsheila]

So everyone in Seattle who was at 9 bucks an hour will now have an extra 200+ bucks a week to spend into the Seattle economy.

Umm, yer math leaves out a few details.
One, these workers will be in a higher tax bracket for both federal and state income taxes.
You also leave out the probability that if any of these people are scheduled for 40 hours per week, their hours will be cut dramatically. And why is this? Because the typical business simply does not have the resources to fund the additional labor costs.
And here's another issue. For example that woman who works in the hotel in "Sea Tac"...
The town raised their min wage to $15.
The woman said it's "no good"...She no longer gets tips. She had free parking. Gone. Free food from the hotel. Gone. Overtime is no longer an option because it costs her too much for parking. She makes LESS now than when she was paid the old minimum wage.
Once again, the the compassion of the liberal ideology ignores the laws of unintended consequences...

Why do you care? She's paid what she's worth. If she doesn't like it, she can just get another job, right?

 

[thereisnospoon]

Seattle already has the highest minimum wage in the nation at $9.19 an hour. There's A New Push To Raise Seattle's Minimum Wage To $15 Per Hour

Seattle also has one of the highest rents in the nation, average $1846 for a two bedroom apartment. Average Rent In Seattle, Seattle Rent Trends and Rental Comps

Think there might be a correlation?

So you think high demand & prices for rentals won't create more jobs, spur building boom, eventually lowering rent rates?

You assume an increase in demand. You have nothing by which to prove that.
Seattle's housing costs are a direct result of Smart Growth ordinances which discourage housing construction. This created a housing shortage which is now permanent. Hence the reason Seattle rents are higher than those in San Francisco and New York City

 

[thereisnospoon]

Headline one year from now:

Seattle Store Fronts Empty

That is what you retards said last time when Seattle made their minimum wage the highest in the country. Yet their city is booming & their unemployment rate dropped to 4.4% -LOL

Lots of part time jobs....And a tumbling labor participation rate.