- Sep 19, 2011
- 28,549
- 10,095
- 900
Supposedly the thread topic: "Poll: Solid majority (71%) of Americans support Obamas increase of the minimum wage"
First I tried to find out how many Democrats versus GOP made up this poll but Gallup didn't release that data.. wonder why?
Second, knowing that the majority of Democrats and Americans are totally ignorant about how businesses work it is NO surprise this idiot class would support higher minimum wages WITHOUT knowing
A) There are less then 1.7 million earned exactly the prevailing Federal minimum wage of $7.25 per hour.
Characteristics of Minimum Wage Workers: 2011
And among those 1.7 million Among employed teenagers paid by the hour, about 23 percent earned the minimum wage or less,
compared with about 3 percent of workers age 25 and over.
3% supposedly breadwinners with families over age 25!
B) Now who do you suppose will be let go when the local fast food place that pays $8.00 an hour already MUST pay EVERYONE $9.00?
The fast food owner WILL NOT lower his profits but will DEFINITELY not hire any more AND most likely let some go.
And the reason is pure economics!
Most Democrats and Americans do NOT KNOW that the employer pays more then the employee's share in SS/Medicare taxes!
Yes for those of you totally ignorant every employer pays 6.2% for SS 1.45% for Medicare and 6% for FUTA..
SO know do you think the employer who will pay on top of the minimum wage of $9.00 another 13.5% or $1.22 Making total cost $10.22 NOT $9.00!
If he has 20 employees at current cost of $7.25 Plus 13.5% or $8.23 working 40 hours a week his payroll is $6,591 per week.
But with minimum wage of $10.22 ($9.00+ $1.22 remember FICA/FUTA..) it will cost him $8,182 a week or $1,591 more a WEEK!
Over a year that is $82,773 MORE.
Where will he get this MORE???
A) Letting go of some younger employees
B) Raising his prices
or a combination... BUT nothing will come from the owner pocket for sure! And why should it?
He is giving untrained, young people jobs that they are unqualified for other then fast food workers.. TODAY!
Again.. you totally ignorant Democrats and most Americans ignorantly support $9.00 minimum LIKE our ignorant President...
You will see people let go! You will see prices climb. You will PAY!!!
First I tried to find out how many Democrats versus GOP made up this poll but Gallup didn't release that data.. wonder why?
Second, knowing that the majority of Democrats and Americans are totally ignorant about how businesses work it is NO surprise this idiot class would support higher minimum wages WITHOUT knowing
A) There are less then 1.7 million earned exactly the prevailing Federal minimum wage of $7.25 per hour.
Characteristics of Minimum Wage Workers: 2011
And among those 1.7 million Among employed teenagers paid by the hour, about 23 percent earned the minimum wage or less,
compared with about 3 percent of workers age 25 and over.
3% supposedly breadwinners with families over age 25!
B) Now who do you suppose will be let go when the local fast food place that pays $8.00 an hour already MUST pay EVERYONE $9.00?
The fast food owner WILL NOT lower his profits but will DEFINITELY not hire any more AND most likely let some go.
And the reason is pure economics!
Most Democrats and Americans do NOT KNOW that the employer pays more then the employee's share in SS/Medicare taxes!
Yes for those of you totally ignorant every employer pays 6.2% for SS 1.45% for Medicare and 6% for FUTA..
SO know do you think the employer who will pay on top of the minimum wage of $9.00 another 13.5% or $1.22 Making total cost $10.22 NOT $9.00!
If he has 20 employees at current cost of $7.25 Plus 13.5% or $8.23 working 40 hours a week his payroll is $6,591 per week.
But with minimum wage of $10.22 ($9.00+ $1.22 remember FICA/FUTA..) it will cost him $8,182 a week or $1,591 more a WEEK!
Over a year that is $82,773 MORE.
Where will he get this MORE???
A) Letting go of some younger employees
B) Raising his prices
or a combination... BUT nothing will come from the owner pocket for sure! And why should it?
He is giving untrained, young people jobs that they are unqualified for other then fast food workers.. TODAY!
Again.. you totally ignorant Democrats and most Americans ignorantly support $9.00 minimum LIKE our ignorant President...
You will see people let go! You will see prices climb. You will PAY!!!