Oldestyle
Diamond Member
Explain your minimum wage theories to all the fast food workers that lost their jobs as companies like McDonalds and Walmart went to kiosks to take orders or check out instead of using humans! I'm sure they'll be impressed, Charwin! Especially now that they don't have ANY job!Ah, entry level workers with no or limited job skills? Ones that have to be trained? Young people learning what it's like to have a job and be a responsible member of society? Here's the thing that people like you don't seem to grasp, Charwin! Most people who make minimum wage only do so for a short amount of time and then they move on to other positions in which they make more money because they've gained job skills. If you're someone who's working a minimum wage job for YEARS then you have issues!You don’t even own a business to talk about MW. The $7.25 working for any establishments is an insults to Americans. When was that $7.25 got a raise? What kind of workers are you going to get with $7.25?Federal Minimum wage is $7.25...the number that most of you on the left are demanding is $15.00 an hour...THAT is how I'm coming up with doubled! It's actually more than doubled if you want to be anal about it!You purposely ignored that the increases was incremental not automatically from $10 to $15. How did you came up with doubled? I or anybody never mentioned from $10 to $20.That's a great example of your math skills, Charwin...the only problem is that the left isn't looking for a one dollar increase in the minimum wage...they're looking to almost double it. Crunch THOSE numbers!You are the owner of a restaurant. You have choice. Raise food prices or do this?Here is a simple example of what raising the minimum wage means IF YOU owned a restaurant.The Poor are a larger group. Raise the minimum wage until the Poor pay enough in taxes.There will be no problem since he can promise that GDP growth will be 5% a year...
What ever happened to Trumpâs boast of 4%, 5% or even 6% growth?
Whatever happened to Trump’s boast that the U.S. economy would be able to grow not just at 3% but at “4%, 5% or even 6%” a year?www.marketwatch.com
So how does Biden pay for it...
Reverse the Trump tax cut for rich and corporates... $1.5 trillion
Increase tax on Rich (> 400k per year)... $1 Trillion.
Borrow infrastruction expense and pay off over increased production (Capital expendeture)... $1.3 trillion
Education pays off in increased tax revenue. It also drives an economy...
The return to investment in education - OECD
Data and research on education including skills, literacy, research, elementary schools, childhood learning, vocational training and PISA, PIACC and TALIS surveys., Growing advantages for the better educated and likely continuing high levels of unemployment as economies move out of recession...www.oecd.org
Housing plan will also drive economic activity in the construction market... Homeless are expensive cost on a city...
Combating opioid epidemic: Borrow the money, Cutting funding to poor will just make this worse...
This is all better than ploughing the money in to hole in the dessert. $2.4 billion.
.Financial cost of the Iraq War - Wikipedia
en.wikipedia.org
You wrote: Increase tax on Rich (> 400k per year)... $1 Trillion How do you figure that? YOU have NOTHING to prove your statement. JUST a guess... I ON the other hand have a link... follow the link!
the government estimates that raising the tax rate on this small group will raise about $600 billion in new revenues over the next decade.
Note the 2nd largest % of revenue (gross sales) is salaries and wages..@ 15.1%
So if the salaries/wages go up just 5%... there is no profit...therefore no business!
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So? Increase the cost of the meals or do you think that people will stop eating at restaurants?
Make the decision because the chances of keeping 100% of your regular customers if you raise the prices 25% to cover the cost of minimum wage. Or this. Which would you prefer?
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Let’s use McDonald’s as an example. The number of employees per shift is about 12 for 2 shifts that is 24. Let say all of them makes $12 increase to $13/hour.
One employee 8 hours will get from $96 to $104. that is $8. difference per day, for 24 that is $192. a day total increase.
You take hamburger, French fries, soda, bigmac,etc etc etc across the board increase to $0.20 each. How difficult is that to earn or to make up $192? Are you telling me customers will stop coming to McDonald’s with those increases?
On top of that a lots of these employees has been there for years so they make more than the MW.
By the way...the reaction from the fast food industry will be to cut staffing and go with kiosks and robots to try and keep labor costs from killing profits. That means fewer jobs for those that need entry level jobs the most! You can see this starting to happen already.
1. Whether the MW would increase or not you and me likes it or not. The robots are coming.
2. Since when any business establishments went bankrupt or closed because of MW increases. Name me one.
3. if you have a business and worried about MW then you do not deserve to open a business.
4. Rental space of any establishments like restaurants goes up tremendously every time they renew the lease. Or buy new equipments. How and where do you think they get even? They increase the prices of what they sell.
5. How about companies that start with $15 or $16/hour at the lowest entry level? Like Costco.
Well you explain that to McDonald’s workers that’s been there for years. Long long time ago that was the case when teenagers especially during summer works there temporarily but that has changed.
Entry level like cashiers or groceries stockings at Costco makes $15 are mostly in the middle age.
In and out burgers makes $13 to start from there they can work it up to $160,000/ year as managers. We don’t see the MW is an issue. That’s the reality.