Biden to double minimum wage

[Toddsterpatriot]

Do you care about people suffering 7.25?

Do you care about people suffering 0.00?

 

[Canon Shooter]

Why do you think doubling the minimum wage would be a good thing?

I already explained it. It will make them buy more stuff, thus boosting the economy.

But it won't.

Right now, you get paid $7.50 an hour. You can buy a gallon of milk for, let's say, $3.49.

Well, when the government mandates that minimum wage goes up to $15, the retailer has to raise his price for that gallon milk. Why? Well, for starters, because they kid who used to stock the shelves at $7.50 and hour is now making double that. The retailer isn't going to simply absorb that extra $7.50, he's going to pass that on to you, the consumer, and there's not a single reason in the world why he shouldn't.

Furthermore, though, the retailer is also now paying more for that gallon of milk. If he buys a gallon of milk from a dairy, the guy running the milking machine is now making $15 an hour when he used to be making only $9 an hour. The dairy owner isn't going to absorb that extra $6 an hour, he's going to pass that on to his customers (ie: the retailer). The company that makes the bottles the milk goes into, likewise has to raise their prices, as does the companies which ship and deliver the milk, all because everyone is going to do everything they can think of to mitigate the negative impact of the higher operating costs on their bottom line.

I haven't had a minimum wage job since the Carter administration. Back then, minimum wage was $2.65 an hour. Man, I'd have thought doubling it to $5.30 an hour would've been great! Why? Because back then, when I was 16 years old, all I cared about was how much cash I had in my wallet, and not so much about what that cash could buy.

And of course, it is better for them. Once you are on 7.25, you will agree with me.

What people need to lose is the unfounded expectation that a person should be able to support a family of four on a minimum wage job. That's stupid. If you're married with kids, and you have a minimum wage job, you seriously fucked something up along the way...

It won´t double the prices. We are talking about 1,3 million people.

Okay.

Let's say there are 1.3 million people making $7.50 an hour. Every hour, those 1.3 million people make $9,750,000 in wages, or $390,000,000 in wages every 40 hour work week.

You want to double minimum wage? Great. That's now $19,5000,000 every hour, or $780,000,000 every 40 hour work week.

And you think that'll be done without a significant increase in the prices you pay for consumer goods?

Please explain how that would be...

 

[Toddsterpatriot]

After all that fat cat socialism under the Blob, Biden has some real useful present for the populace: An increase of the federal minimum wage by more than 100 %.

Biden minimum wage proposal could lift more than 1 million workers out of poverty

Federal minimum wage has been frozen at $7.25 for more than a decade, the longest period without a raise since 1938.

www.cbsnews.com

Something tells me you have never been a small business owner.

Happy employees are more effective and reliable.

How happy are those employees going to be when a gallon of milk goes up to $7 and a loaf of bread goes up to $6? Or maybe when rent for an apartment goes from $1,350 a month to $2,600 a month?

I hope he does it. The impact will be devastatingly bad. Those who think that minimum wage workers are suddenly going to have double the buying power are either ignorant or stupid.

Know what? Ask your boss to lower your wage.

Well, I don't have a boss but, if I did, he legally wouldn't be able to if my pay were federally mandated.

Aside from that, I have no idea why you thought your comment might qualify as intelligent input...

So it is only the others whose income must be very small to maintain the economy, not yours?

Your missing my point completely.

Do you believe the prices of consumer goods (groceries, clothing, auto parts, electronics, etc) will remain the same if the minimum wage is doubled?

No, but minimum wagers aren´t the only customers.

Just as they aren't now.

Let's try this another way. How about you explain your reasoning behind your belief that doubling the minimum wage is a good idea...

That is self-evident.

Is it?

I don't know your reasoning. I can sit here for days and tell you why it's a bad idea. Surely you possess the ability to spend a quick few moments explaining why you think it's a good idea, right? That's how discussions work.

Thus far, all I see is someone who's afraid to answer a question.

Why do you think doubling the minimum wage would be a good thing?

I already explained it. It will make them buy more stuff, thus boosting the economy. And of course, it is better for them. Once you are on 7.25, you will agree with me.

I already explained it. It will make them buy more stuff, thus boosting the economy.

And it will make their employers buy less stuff, thus stifling the economy

 

[ESay]

if we stop illegal migration and deport all the undocumented workers and there will be higher wages for Americans

That doesn't make sense in this context. Rising minimum wage as a government mandated measure or rising by reducing the workforce will lead to the same - higher prices for the goods.

 

[Mac-7]

if we stop illegal migration and deport all the undocumented workers and there will be higher wages for Americans

That doesn't make sense in this context. Rising minimum wage as a government mandated measure or rising by reducing the workforce will lead to the same - higher prices for the goods.

I dont mind higher wages for American workers

thats why we have a high standard of living

and I dont mind higher prices for goods and services that are made in America

 

[ESay]

if we stop illegal migration and deport all the undocumented workers and there will be higher wages for Americans

That doesn't make sense in this context. Rising minimum wage as a government mandated measure or rising by reducing the workforce will lead to the same - higher prices for the goods.

I dont mind higher wages for American workers

thats why we have a high standard of living

and I dont mind higher prices for goods and services that are made in America

That is okay. But before the pandemic the US had the lowest unemployment rate since 1950s. That means that American workers mostly could find a job if they wanted to, even with the current numbers of illegals and the outsourcing. Sooner or later the pandemic will be gone and the things become as they were.

The illegals have become a part of the US economy. You cant reduce their numbers significantly without shrinking the economy.

 

[Mac-7]

That is okay. But before the pandemic the US had the lowest unemployment rate since 1950s. That means that American workers mostly could find a job if they wanted to, even with the current numbers of illegals and the outsourcing. Sooner or later the pandemic will be gone and the things become as they were.

Dont count on it

democrats in blue districts have destroyed a lot of wealth, businesses and jobs

dont think anyone - biden for instance - can snap their fingers and return America to normal

assuming he even wants to

poverty is good for democrats politically

 

[BasicHumanUnit]

As I predicted, Biden is driving the final sword into the heart of small business. $15 an hour minimum wage, a new raft of government regulations and Covid requirements will guarantee that no one in their right mind will want to start a new small business. Thank you China, thank you Democrats.

People need to get out of poverty wages. I would rather eat a food stamp.

People need to get out of poverty wages.

How is $0 better than $7.25?

Businesses that can´t afford wages that are sufficient to make a living don´t have a reason to exist, actually.

Exactly!

Because that philosophy is working so well in Venezuela where ALL your Socialist dreams came true !!!

 

[ESay]

That is okay. But before the pandemic the US had the lowest unemployment rate since 1950s. That means that American workers mostly could find a job if they wanted to, even with the current numbers of illegals and the outsourcing. Sooner or later the pandemic will be gone and the things become as they were.

Dont count on it

democrats in blue districts have destroyed a lot of wealth, businesses and jobs

dont think anyone - biden for instance - can snap their fingers and return America to normal

assuming he even wants to

poverty is good for democrats politically

Well, if it is so, it is up to you guys to try and make the things go in the right direction.

 

[Mac-7]

Well, if it is so, it is up to you guys to try and make the things go in the right direction.

Which guys are you referring to?

 

[ESay]

Well, if it is so, it is up to you guys to try and make the things go in the right direction.

Which guys are you referring to?

The American conservatives (I hope that is a right definition).

 

[Mac-7]

The American conservatives (I hope that is a right definition).

What country are you in?

 

[ESay]

The American conservatives (I hope that is a right definition).

What country are you in?

Ukraine

 

[Toddsterpatriot]

The American conservatives (I hope that is a right definition).

What country are you in?

Ukraine

Would overpaying low/no skilled workers in Ukraine reduce their level of employment?

 

[ESay]

The American conservatives (I hope that is a right definition).

What country are you in?

Ukraine

Would overpaying low/no skilled workers in Ukraine reduce their level of employment?

Ukraine is a nation of roustabouts. Increasing wages wont lead to increasing automatization, because there are too many businesses which require low-skilled manual work.

 

[Toddsterpatriot]

The American conservatives (I hope that is a right definition).

What country are you in?

Ukraine

Would overpaying low/no skilled workers in Ukraine reduce their level of employment?

Ukraine is a nation of roustabouts. Increasing wages wont lead to increasing automatization, because there are too many businesses which require low-skilled manual work.

Increasing wages wont lead to increasing automatization,

And no businesses will fail if they're forced to pay someone more than they produce?

 

[Markle]

I already explained it. It will make them buy more stuff, thus boosting the economy. And of course, it is better for them. Once you are on 7.25, you will agree with me.

What is the typical annual household income where one of the workers earns the minimum wage?

 

[Markle]

Why do you think doubling the minimum wage would be a good thing?

I already explained it. It will make them buy more stuff, thus boosting the economy.

But it won't.

Right now, you get paid $7.50 an hour. You can buy a gallon of milk for, let's say, $3.49.

Well, when the government mandates that minimum wage goes up to $15, the retailer has to raise his price for that gallon milk. Why? Well, for starters, because they kid who used to stock the shelves at $7.50 and hour is now making double that. The retailer isn't going to simply absorb that extra $7.50, he's going to pass that on to you, the consumer, and there's not a single reason in the world why he shouldn't.

Furthermore, though, the retailer is also now paying more for that gallon of milk. If he buys a gallon of milk from a dairy, the guy running the milking machine is now making $15 an hour when he used to be making only $9 an hour. The dairy owner isn't going to absorb that extra $6 an hour, he's going to pass that on to his customers (ie: the retailer). The company that makes the bottles the milk goes into, likewise has to raise their prices, as does the companies which ship and deliver the milk, all because everyone is going to do everything they can think of to mitigate the negative impact of the higher operating costs on their bottom line.

I haven't had a minimum wage job since the Carter administration. Back then, minimum wage was $2.65 an hour. Man, I'd have thought doubling it to $5.30 an hour would've been great! Why? Because back then, when I was 16 years old, all I cared about was how much cash I had in my wallet, and not so much about what that cash could buy.

And of course, it is better for them. Once you are on 7.25, you will agree with me.

What people need to lose is the unfounded expectation that a person should be able to support a family of four on a minimum wage job. That's stupid. If you're married with kids, and you have a minimum wage job, you seriously fucked something up along the way...

As you know, this is far beyond the willing comprehension of the Democrats. They put their fingers in their ears and start shouting LA, LA, LA, LA, LA, as loud as they can, blocking out all common sense.

Your typical Democrat.

 

[theHawk]

As I predicted, Biden is driving the final sword into the heart of small business. $15 an hour minimum wage, a new raft of government regulations and Covid requirements will guarantee that no one in their right mind will want to start a new small business. Thank you China, thank you Democrats.

It's time for a paradigm shift Neanderthal, this sort of Draconian thinking is outdated.

You will be led to PROSPERITY kicking and screaming, and you will thank us for it.

The first people to be laid off will be blacks.

 

[ESay]

The American conservatives (I hope that is a right definition).

What country are you in?

Ukraine

Would overpaying low/no skilled workers in Ukraine reduce their level of employment?

Ukraine is a nation of roustabouts. Increasing wages wont lead to increasing automatization, because there are too many businesses which require low-skilled manual work.

Increasing wages wont lead to increasing automatization,

And no businesses will fail if they're forced to pay someone more than they produce?

They either will raise the prices for their goods or hire the workers off books.