Biden to double minimum wage

[Papageorgio]

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

Biden and his socialist team will have us in another great depression within 6 months....they have no idea how a economy works.


View attachment 443430

Trump says the economy does better under the Democrats.

The best economies are with a Democratic President and a Republican Congress, think Clinton and Gingrich.

 

[Toddsterpatriot]

How is it a reduction when the money is just being redistributed?

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

How is it a boost when the money is just being redistributed?

 

[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

All that means is that a lot of kids will be losing their jobs, while everyone else will demand a raise of $3-$8 dollars to stay proportionally ahead of minimum wage.

Or are you that stupid to think skilled people making $16.00 an hour and with lots of responsibility won't mind suddenly finding kids flipping burgers at Wendy's making as much as them?

Prepare for the cost of EVERYTHING to go up.

If everyone gets more cash, where is the problem? High wages are what made your economy strong.

If everyone gets more cash, then you have a zero sum gain. Wages go up for all but so do prices. End result is nothing gained. You are no farther ahead. An unskilled worker is only worth as much as the value of what they produce, and they can make hamburgers and shakes with robots and machines.

If as burger cook is worth $15.hr, that in effect devalues the dollar and will raise prices on everything.

He just has to sell three BigMacs per hour to get the money for his wage. He is selling way more.

He just has to sell three BigMacs per hour to get the money for his wage.

What are the inputs needed to make a Big Mac, besides labor?

He is selling way more.

He's probably selling way fewer at the new, higher price.

Then McDonalds should not raise the prices?

They will raise the prices.
Does that impact demand for McDonalds?

 

[MarathonMike]

If everyone gets more cash, where is the problem? High wages are what made your economy strong.

Well then, if it's that simple why not make minimum wage $30 an hour?

 

[Canon Shooter]

If everyone gets more cash, where is the problem? High wages are what made your economy strong.

That's so far divorced from reality it's silly...

 

[BasicHumanUnit]

I didn´t say that.

Uh, yeah....you did

If everyone gets more cash, where is the problem? High wages are what made your economy strong.

That is not how you interpreted it. Apparently.

An economy thrives ONLY WHEN HARD WORK IS REWARDED WITH GOOD PAY.

Not because you hand out "free" money to all
In fact, handing out "Reward (higher pay) without a return in increased productivity is the definition of creating a Welfare state

Since Democrats will have control from now on, we will watch thinking like this destroy productivity and create a National welfare State coast to coast

 

[Bleipriester]

How is it a reduction when the money is just being redistributed?

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

How is it a boost when the money is just being redistributed?

Because a the employees are distributing the money, not hoarding it.

 

[Bleipriester]

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

All that means is that a lot of kids will be losing their jobs, while everyone else will demand a raise of $3-$8 dollars to stay proportionally ahead of minimum wage.

Or are you that stupid to think skilled people making $16.00 an hour and with lots of responsibility won't mind suddenly finding kids flipping burgers at Wendy's making as much as them?

Prepare for the cost of EVERYTHING to go up.

If everyone gets more cash, where is the problem? High wages are what made your economy strong.

If everyone gets more cash, then you have a zero sum gain. Wages go up for all but so do prices. End result is nothing gained. You are no farther ahead. An unskilled worker is only worth as much as the value of what they produce, and they can make hamburgers and shakes with robots and machines.

If as burger cook is worth $15.hr, that in effect devalues the dollar and will raise prices on everything.

He just has to sell three BigMacs per hour to get the money for his wage. He is selling way more.

He just has to sell three BigMacs per hour to get the money for his wage.

What are the inputs needed to make a Big Mac, besides labor?

He is selling way more.

He's probably selling way fewer at the new, higher price.

Then McDonalds should not raise the prices?

They will raise the prices.
Does that impact demand for McDonalds?

No. Who pays six bucks for a burger will also pay seven.

 

[Bleipriester]

If everyone gets more cash, where is the problem? High wages are what made your economy strong.

Well then, if it's that simple why not make minimum wage $30 an hour?

That is just the opposite extreme of $7.25.

 

[Bleipriester]

If everyone gets more cash, where is the problem? High wages are what made your economy strong.

That's so far divorced from reality it's silly...

Go work for 7.25, then.

 

[Bleipriester]

I didn´t say that.

Uh, yeah....you did

If everyone gets more cash, where is the problem? High wages are what made your economy strong.

That is not how you interpreted it. Apparently.

An economy thrives ONLY WHEN HARD WORK IS REWARDED WITH GOOD PAY.

Not because you hand out "free" money to all
In fact, handing out "Reward (higher pay) without a return in increased productivity is the definition of creating a Welfare state

Since Democrats will have control from now on, we will watch thinking like this destroy productivity and create a National welfare State coast to coast

Hard work, that is McDonalds slave labor, Amazon slave labor, Domino´s slave labor. The more people you push into poverty wages the less the economy will thrive. You are all about employers, government work is about the entirety of the society. With you governing you turn the US into Brazil within few years, a country that receives humanitarian aid from Venezuela.

 

[EvilCat Breath]

It brings to mind the Fight for Fifteen a few years ago in Los Angeles. The local Mc Donalds agreed to pay $15.00 an hour to all employees. Then they promptly invested in mechanization. They put in ordering kiosks and an automated grill. The employees got the 15. But there was only 3 per shift and they had to take turns mopping the floor.

 

[toobfreak]

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

All that means is that a lot of kids will be losing their jobs, while everyone else will demand a raise of $3-$8 dollars to stay proportionally ahead of minimum wage.

Or are you that stupid to think skilled people making $16.00 an hour and with lots of responsibility won't mind suddenly finding kids flipping burgers at Wendy's making as much as them?

Prepare for the cost of EVERYTHING to go up.

If everyone gets more cash, where is the problem? High wages are what made your economy strong.

If everyone gets more cash, then you have a zero sum gain. Wages go up for all but so do prices. End result is nothing gained. You are no farther ahead. An unskilled worker is only worth as much as the value of what they produce, and they can make hamburgers and shakes with robots and machines.

If as burger cook is worth $15.hr, that in effect devalues the dollar and will raise prices on everything.

He just has to sell three BigMacs per hour to get the money for his wage. He is selling way more.

He just has to sell three BigMacs per hour to get the money for his wage.

What are the inputs needed to make a Big Mac, besides labor?

He is selling way more.

He's probably selling way fewer at the new, higher price.

Then McDonalds should not raise the prices?

What part of this can you not possibly get? This is a 6th grade problem. To pay an employee $8.50 (min wage), McDeath has to charge about $9.00 for a BigMac, L Fries & Shake. Now what happens if he pays his employees $15/hr? He'll have to cut several jobs and make the others work harder (making it harder to get and keep employees further raising his cost), or RAISE PRICES a lot.

Now that $9 meal costs maybe $15. But no one else's wages have gone up so people buy less. Those who buy the $15 meal, now THEIR cost of living has gone up, so now it is like they are making LESS. Then sales go down and the store has to either go out of business or cut staff further, reduce wages (whoops, can't do that), or INVEST IN AUTOMATION TO REPLACE PEOPLE and people lose jobs.

Either way, you can't FORCE the free market with government intervention otherwise, it is no longer free.

 

[Canon Shooter]

If everyone gets more cash, where is the problem? High wages are what made your economy strong.

That's so far divorced from reality it's silly...

Go work for 7.25, then.

You know, you're not even making an argument. You're just belching up nonsensical bullshit.

You tell me to go to work for $7.25 an hour. Why would I do that? I'm an adult, with a lifetime of experience and training, and a skill set which people value. I don't have to work for $7.25 an hour. It'll probably make you apoplectic to learn, but my hourly rate is $235 an hour, and I'm probably on the lower end of the price spectrum in my area for what I do.

But, like I said, I used to work for minimum wage when it was $2.65 an hour. At 40 hours a week, that wasn't even $425 a month gross.

Minimum wage jobs are not the jobs that 58 year old people, with a lifetime of experience and training, and a skill set which people value, have. Minimum wage jobs are for kids who still live with Mom and Dad; I was 16 when I had mine. If you think you should be able to support a family of four on minimum wage, you're ignorant. If you think you'll be able to support a family of four on $15 an hour, you are profoundly naive.

I have a friend with a landscaping business here in northeastern Florida. He starts his people (everyone of which is in the country legally, by the way) at $18 an hour. After the first 90 days, they get bumped to $19 an hour. After the first year, if they've proven to be a good employee, they go to $21 an hour. Some people have been with him, raking leaves and mowing lawns, for over a decade. Why? Because they're all too aware that he could be paying someone $8 an hour to do that work, so they bust their asses to make sure he never has a reason to question whether or not he should keep them employed. But, because he pays them well, they would follow hm to the gates of Hell and back if they had to. They do it because they know that, as employees, they carry a high value to the owner.

If I have two employees to whom I pay $10 an hour, and I let them know that in a month I'm going to pick one of them to pay $15 a month, the productivity of each will improve. After all, who doesn't want to get paid 50% more?

But if the government says that, in 30 days I'm going to have to pay both of them 50% more, neither has any reason to improve his productivity. Additionally, the odds of both of them remaining employed decreases, because in a month those two employees are going to cost me what three employees would've cost me before the mandated minimum wage increase, and I, as the business owner, would realize absolutely zero benefit.

It's ignorant and naive to believe that doubling the minimum wage is going to solve the economic ills of minimum wage employees.

It will do nothing of the sort...

 

[Bleipriester]

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

All that means is that a lot of kids will be losing their jobs, while everyone else will demand a raise of $3-$8 dollars to stay proportionally ahead of minimum wage.

Or are you that stupid to think skilled people making $16.00 an hour and with lots of responsibility won't mind suddenly finding kids flipping burgers at Wendy's making as much as them?

Prepare for the cost of EVERYTHING to go up.

If everyone gets more cash, where is the problem? High wages are what made your economy strong.

If everyone gets more cash, then you have a zero sum gain. Wages go up for all but so do prices. End result is nothing gained. You are no farther ahead. An unskilled worker is only worth as much as the value of what they produce, and they can make hamburgers and shakes with robots and machines.

If as burger cook is worth $15.hr, that in effect devalues the dollar and will raise prices on everything.

He just has to sell three BigMacs per hour to get the money for his wage. He is selling way more.

He just has to sell three BigMacs per hour to get the money for his wage.

What are the inputs needed to make a Big Mac, besides labor?

He is selling way more.

He's probably selling way fewer at the new, higher price.

Then McDonalds should not raise the prices?

What part of this can you not possibly get? This is a 6th grade problem. To pay an employee $8.50 (min wage), McDeath has to charge about $9.00 for a BigMac, L Fries & Shake. Now what happens if he pays his employees $15/hr? He'll have to cut several jobs and make the others work harder (making it harder to get and keep employees further raising his cost), or RAISE PRICES a lot.

Now that $9 meal costs maybe $15. But no one else's wages have gone up so people buy less. Those who buy the $15 meal, now THEIR cost of living has gone up, so now it is like they are making LESS. Then sales go down and the store has to either go out of business or cut staff further, reduce wages (whoops, can't do that), or INVEST IN AUTOMATION TO REPLACE PEOPLE and people lose jobs.

Either way, you can't FORCE the free market with government intervention otherwise, it is no longer free.

McDonalds has a net profit margin of over 25 %. This is way above average. So they are cashing in on the misery of their employees. Easy to understand.

 

[Canon Shooter]

I didn´t say that.

Uh, yeah....you did

If everyone gets more cash, where is the problem? High wages are what made your economy strong.

That is not how you interpreted it. Apparently.

An economy thrives ONLY WHEN HARD WORK IS REWARDED WITH GOOD PAY.

Not because you hand out "free" money to all
In fact, handing out "Reward (higher pay) without a return in increased productivity is the definition of creating a Welfare state

Since Democrats will have control from now on, we will watch thinking like this destroy productivity and create a National welfare State coast to coast

Hard work, that is McDonalds slave labor, Amazon slave labor, Domino´s slave labor. The more people you push into poverty wages the less the economy will thrive. You are all about employers, government work is about the entirety of the society. With you governing you turn the US into Brazil within few years, a country that receives humanitarian aid from Venezuela.

You've got your head up your ass.

My daughter's fiance works for Amazon and makes around $140K a year. I have a friend who works for them in Texas, in their warehouse, making $28 an hour.

Pull your head out of your ass before you post...

 

[toobfreak]

Does that impact demand for McDonalds?

Who pays six bucks for a burger will also pay seven.

Unless paying $6 bucks is already busting your budget. People don't eat at McDonalds because they live the life of Riley--- --- it wasn't all that long ago I used to go to a restaurant and get a complete three course dinner complete with coffee and desert for $8.99.

 

[Bleipriester]

If everyone gets more cash, where is the problem? High wages are what made your economy strong.

That's so far divorced from reality it's silly...

Go work for 7.25, then.

You know, you're not even making an argument. You're just belching up nonsensical bullshit.

You tell me to go to work for $7.25 an hour. Why would I do that? I'm an adult, with a lifetime of experience and training, and a skill set which people value. I don't have to work for $7.25 an hour. It'll probably make you apoplectic to learn, but my hourly rate is $235 an hour, and I'm probably on the lower end of the price spectrum in my area for what I do.

But, like I said, I used to work for minimum wage when it was $2.65 an hour. At 40 hours a week, that wasn't even $425 a month gross.

Minimum wage jobs are not the jobs that 58 year old people, with a lifetime of experience and training, and a skill set which people value, have. Minimum wage jobs are for kids who still live with Mom and Dad; I was 16 when I had mine. If you think you should be able to support a family of four on minimum wage, you're ignorant. If you think you'll be able to support a family of four on $15 an hour, you are profoundly naive.

I have a friend with a landscaping business here in northeastern Florida. He starts his people (everyone of which is in the country legally, by the way) at $18 an hour. After the first 90 days, they get bumped to $19 an hour. After the first year, if they've proven to be a good employee, they go to $21 an hour. Some people have been with him, raking leaves and mowing lawns, for over a decade. Why? Because they're all too aware that he could be paying someone $8 an hour to do that work, so they bust their asses to make sure he never has a reason to question whether or not he should keep them employed. But, because he pays them well, they would follow hm to the gates of Hell and back if they had to. They do it because they know that, as employees, they carry a high value to the owner.

If I have two employees to whom I pay $10 an hour, and I let them know that in a month I'm going to pick one of them to pay $15 a month, the productivity of each will improve. After all, who doesn't want to get paid 50% more?

But if the government says that, in 30 days I'm going to have to pay both of them 50% more, neither has any reason to improve his productivity. Additionally, the odds of both of them remaining employed decreases, because in a month those two employees are going to cost me what three employees would've cost me before the mandated minimum wage increase, and I, as the business owner, would realize absolutely zero benefit.

It's ignorant and naive to believe that doubling the minimum wage is going to solve the economic ills of minimum wage employees.

It will do nothing of the sort...

Young people on minimum wage become old people on minimum wage. Such jobs don´t include oppertunities.

 

[Bleipriester]

I didn´t say that.

Uh, yeah....you did

If everyone gets more cash, where is the problem? High wages are what made your economy strong.

That is not how you interpreted it. Apparently.

An economy thrives ONLY WHEN HARD WORK IS REWARDED WITH GOOD PAY.

Not because you hand out "free" money to all
In fact, handing out "Reward (higher pay) without a return in increased productivity is the definition of creating a Welfare state

Since Democrats will have control from now on, we will watch thinking like this destroy productivity and create a National welfare State coast to coast

Hard work, that is McDonalds slave labor, Amazon slave labor, Domino´s slave labor. The more people you push into poverty wages the less the economy will thrive. You are all about employers, government work is about the entirety of the society. With you governing you turn the US into Brazil within few years, a country that receives humanitarian aid from Venezuela.

You've got your head up your ass.

My daughter's fiance works for Amazon and makes around $140K a year. I have a friend who works for them in Texas, in their warehouse, making $28 an hour.

Pull your head out of your ass before you post...

Ok I googled it and Amazon is not paying the minimum wage. How can they afford it? Best Buy has its own minimum wage of $15. So does Target. Why McDoanlds can´t afford it? All your points are null and void.

 

[Bleipriester]

Does that impact demand for McDonalds?

Who pays six bucks for a burger will also pay seven.

Unless paying $6 bucks is already busting your budget. People don't eat at McDonalds because they live the life of Riley--- --- it wasn't all that long ago I used to go to a restaurant and get a complete three course dinner complete with coffee and desert for $8.99.

In that case I don´t buy that burger, anyway.