Here’s the answer.

[Andylusion]

-Raise minimum wage to $23.50/hr. Based on where minimum wage should be using 1970-2013 rise in food, shelter, and transportation.

-Eliminate all business subsidies (deductions/write-off’s/write-downs) except for employee expenses which are deducted dollar-for-dollar on all city, state, and Federal taxes and fees.

-Adjust Social Security and private/public retirement and pension payments using 1970-2013 price structure.

-Back down ALL costs, prices, fees, to January 1, 2009 levels and hold them for 10 years.

-Recall ALL off-shore investments tax free, and disallow any further off-shore investments.

Nearly all of those would be horrible. And it's so obviously bad, it's hard to believe you would even post something like this. Worse yet, the damage of most of these would be compounded by the others.

So let's triple the cost of labor, with a insanely high minimum wage.
Then let's eliminate tax deductions, write offs, write-downs, thus drastically increasing cost on business.
Then let's lower prices.
Then let's force the sell off of all off-shore investments, thus eliminating that source of revenue for our companies.

So costs to business go up. Taxes on business go up. Revenue from goods sold goes down. Revenue from off-shore investments go down.

Do you know what happens next? Half the business throughout the country go bankrupt. Hundred million people or so, end up unemployed. The US sinks to 3rd world status in a matter of years.

Bad plan. Stupid plan. Need to learn some economics, and then rethink your entire position.

 

[alan1]

-Raise minimum wage to $23.50/hr. Based on where minimum wage should be using 1970-2013 rise in food, shelter, and transportation.

-Eliminate all business subsidies (deductions/write-off’s/write-downs) except for employee expenses which are deducted dollar-for-dollar on all city, state, and Federal taxes and fees.

-Adjust Social Security and private/public retirement and pension payments using 1970-2013 price structure.

-Back down ALL costs, prices, fees, to January 1, 2009 levels and hold them for 10 years.

Wages are a cost.
Explain which of your conflicting proposals takes precedent.

 

[Toddsterpatriot]

No such thing as a free market - The market is highly manipulated.

There is no such thing as supply and demand - Again, manipulated.

By the government. You're right.
Are you still pitching that bullshit that Bush deregulated the economy and caused the crash?

Should the BushCo SEC allowed Bank of America to buy CountryWide?

They begged BofA to buy CountryWide.

 

[whitehall]

Eliminate "business subsidies"? Sadly the substandard union based education system has produced a generation who think all money belongs to the government and they only let us use it for a little while.

 

[Flopper]

-Raise minimum wage to $23.50/hr. Based on where minimum wage should be using 1970-2013 rise in food, shelter, and transportation.

-Eliminate all business subsidies (deductions/write-off’s/write-downs) except for employee expenses which are deducted dollar-for-dollar on all city, state, and Federal taxes and fees.

-Adjust Social Security and private/public retirement and pension payments using 1970-2013 price structure.

-Back down ALL costs, prices, fees, to January 1, 2009 levels and hold them for 10 years.

-Recall ALL off-shore investments tax free, and disallow any further off-shore investments.

Nearly all of those would be horrible. And it's so obviously bad, it's hard to believe you would even post something like this. Worse yet, the damage of most of these would be compounded by the others.

So let's triple the cost of labor, with a insanely high minimum wage.
Then let's eliminate tax deductions, write offs, write-downs, thus drastically increasing cost on business.
Then let's lower prices.
Then let's force the sell off of all off-shore investments, thus eliminating that source of revenue for our companies.

So costs to business go up. Taxes on business go up. Revenue from goods sold goes down. Revenue from off-shore investments go down.

Do you know what happens next? Half the business throughout the country go bankrupt. Hundred million people or so, end up unemployed. The US sinks to 3rd world status in a matter of years.

Bad plan. Stupid plan. Need to learn some economics, and then rethink your entire position.

I agree, however I support an increase in the minimum wage. The better approach to minimum wage is to pass a moderate raise and then index it to inflation. 10 states are doing this now. The advantages should be obvious.

It provides business with a planning a tool. As it is now, businesses are guessing each year what the legislature will do with minimum wage next year and how it will effect them.

Minimum wage is a political football in about 40 state legislatures as well as congress. We waste too much time and effort fighting the same battle over and over. Better to set it to a reasonable amount, index it, and move on.

 

[OnePercenter]

-Raise minimum wage to $23.50/hr. Based on where minimum wage should be using 1970-2013 rise in food, shelter, and transportation.

-Eliminate all business subsidies (deductions/write-off’s/write-downs) except for employee expenses which are deducted dollar-for-dollar on all city, state, and Federal taxes and fees.

-Adjust Social Security and private/public retirement and pension payments using 1970-2013 price structure.

-Back down ALL costs, prices, fees, to January 1, 2009 levels and hold them for 10 years.

-Recall ALL off-shore investments tax free, and disallow any further off-shore investments.

Nearly all of those would be horrible. And it's so obviously bad, it's hard to believe you would even post something like this. Worse yet, the damage of most of these would be compounded by the others.

So let's triple the cost of labor, with a insanely high minimum wage.
Then let's eliminate tax deductions, write offs, write-downs, thus drastically increasing cost on business.
Then let's lower prices.
Then let's force the sell off of all off-shore investments, thus eliminating that source of revenue for our companies.

So costs to business go up. Taxes on business go up. Revenue from goods sold goes down. Revenue from off-shore investments go down.

Do you know what happens next? Half the business throughout the country go bankrupt. Hundred million people or so, end up unemployed. The US sinks to 3rd world status in a matter of years.

Bad plan. Stupid plan. Need to learn some economics, and then rethink your entire position.

Why don't you read the plan. Costs of supplies to businesses would goes down. Taxes for businesses are eliminated. Hundreds of millions would be spending more in businesses which would increase business revenues, sales tax revenue, and GDP. Businesses would need more workers, not only to off-set taxes, but because of increased business.

Who cares about off-shore profits.

 

[OnePercenter]

By the government. You're right.
Are you still pitching that bullshit that Bush deregulated the economy and caused the crash?

Should the BushCo SEC allowed Bank of America to buy CountryWide?

They begged BofA to buy CountryWide.

Who is 'they'?

 

[OnePercenter]

-Raise minimum wage to $23.50/hr. Based on where minimum wage should be using 1970-2013 rise in food, shelter, and transportation.

-Eliminate all business subsidies (deductions/write-off’s/write-downs) except for employee expenses which are deducted dollar-for-dollar on all city, state, and Federal taxes and fees.

-Adjust Social Security and private/public retirement and pension payments using 1970-2013 price structure.

-Back down ALL costs, prices, fees, to January 1, 2009 levels and hold them for 10 years.

Wages are a cost.
Explain which of your conflicting proposals takes precedent.

I've eliminated employee costs, 100% for small business with up to 200 employees.

 

[Andylusion]

-Raise minimum wage to $23.50/hr. Based on where minimum wage should be using 1970-2013 rise in food, shelter, and transportation.

-Eliminate all business subsidies (deductions/write-off’s/write-downs) except for employee expenses which are deducted dollar-for-dollar on all city, state, and Federal taxes and fees.

-Adjust Social Security and private/public retirement and pension payments using 1970-2013 price structure.

-Back down ALL costs, prices, fees, to January 1, 2009 levels and hold them for 10 years.

-Recall ALL off-shore investments tax free, and disallow any further off-shore investments.

Nearly all of those would be horrible. And it's so obviously bad, it's hard to believe you would even post something like this. Worse yet, the damage of most of these would be compounded by the others.

So let's triple the cost of labor, with a insanely high minimum wage.
Then let's eliminate tax deductions, write offs, write-downs, thus drastically increasing cost on business.
Then let's lower prices.
Then let's force the sell off of all off-shore investments, thus eliminating that source of revenue for our companies.

So costs to business go up. Taxes on business go up. Revenue from goods sold goes down. Revenue from off-shore investments go down.

Do you know what happens next? Half the business throughout the country go bankrupt. Hundred million people or so, end up unemployed. The US sinks to 3rd world status in a matter of years.

Bad plan. Stupid plan. Need to learn some economics, and then rethink your entire position.

I agree, however I support an increase in the minimum wage. The better approach to minimum wage is to pass a moderate raise and then index it to inflation. 10 states are doing this now. The advantages should be obvious.

It provides business with a planning a tool. As it is now, businesses are guessing each year what the legislature will do with minimum wage next year and how it will effect them.

Minimum wage is a political football in about 40 state legislatures as well as congress. We waste too much time and effort fighting the same battle over and over. Better to set it to a reasonable amount, index it, and move on.

Back in 2009, Greece was projected by both their own economists, and the World Bank (if I remember right), that their unemployment would go down.

At that time, they also decided to increase their minimum wage, and index it to inflation.

At that time, I predicted openly, on a different forum than this, that not only would unemployment in Greece not go down, but it would actually reverse, and go higher than ever before.

Not only did unemployment go up, but so did inflation, and the entire economy suffered.... so badly that in 2012 they drafted a complete reversal of their policy, cutting the minimum wage.
Greece Draft Cuts Minimum Wage 20% - Bloomberg

The problem with all the minimum wage arguments, goes back to the fundamental basis of all business. The difference between the cost of production, and the value of production.

The value of labor, doesn't generally change. A burger at Wendy's is not worth more to me the customer, just because you want to pay the burger flipper $20/hr. The end result is either that the employee will be replaced with a machine, or the business will close.

Similarly, if I want to have someone mow my lawn, there is some point where the cost of having that done, exceeds the value of having it done. If someone offer's to mow my lawn for $30, that might be worth it. But if the government steps in, and says by decree, that I must pay $100 per mow, that would not be worth it. I could buy my own mower, and a years worth of fuel, for the cost of one mow.

In fact, for a $100 a mow, twice a month, I could instead buy a lawnbot, and have the robot replace the worker, and still not have to mow my lawn myself.

The value of the labor doesn't change. What changes is the price. When the price exceeds the value, you end up with people unemployed, and possibly replaced by machines.

McDonald's France...
McDonald's hires 7,000 touch-screen cashiers | Crave - CNET
over 7,000 cashiers, replaced by kiosks. In a country, that has a 26% unemployment rate.

Plenty of labor. If they could pay a wage comparative to the value of the labor, those 7,000 people would have jobs. But because of government laws and regulations, the cost of labor is too high, and thus they are replaced by machine.

There is a reason that McDonald's built that 100% automated store in California. They can see this coming.

So back to the main point. Raising the minimum wage kills jobs. Always has, always will. There is no economic benefit. Simply does not exist.

 

[Toddsterpatriot]

-Raise minimum wage to $23.50/hr. Based on where minimum wage should be using 1970-2013 rise in food, shelter, and transportation.

-Eliminate all business subsidies (deductions/write-off’s/write-downs) except for employee expenses which are deducted dollar-for-dollar on all city, state, and Federal taxes and fees.

-Adjust Social Security and private/public retirement and pension payments using 1970-2013 price structure.

-Back down ALL costs, prices, fees, to January 1, 2009 levels and hold them for 10 years.

-Recall ALL off-shore investments tax free, and disallow any further off-shore investments.

Nearly all of those would be horrible. And it's so obviously bad, it's hard to believe you would even post something like this. Worse yet, the damage of most of these would be compounded by the others.

So let's triple the cost of labor, with a insanely high minimum wage.
Then let's eliminate tax deductions, write offs, write-downs, thus drastically increasing cost on business.
Then let's lower prices.
Then let's force the sell off of all off-shore investments, thus eliminating that source of revenue for our companies.

So costs to business go up. Taxes on business go up. Revenue from goods sold goes down. Revenue from off-shore investments go down.

Do you know what happens next? Half the business throughout the country go bankrupt. Hundred million people or so, end up unemployed. The US sinks to 3rd world status in a matter of years.

Bad plan. Stupid plan. Need to learn some economics, and then rethink your entire position.

Why don't you read the plan. Costs of supplies to businesses would goes down. Taxes for businesses are eliminated. Hundreds of millions would be spending more in businesses which would increase business revenues, sales tax revenue, and GDP. Businesses would need more workers, not only to off-set taxes, but because of increased business.

Who cares about off-shore profits.

Costs of supplies to businesses would goes down.

How?

Taxes for businesses are eliminated.

Labor costs are much more than taxes for the vast majority of businesses.

Businesses would need more workers, not only to off-set taxes

You'll have to explain what this means.

 

[Toddsterpatriot]

Should the BushCo SEC allowed Bank of America to buy CountryWide?

They begged BofA to buy CountryWide.

Who is 'they'?

The Fed and Treasury.

 

[Quantum Windbag]

-Raise minimum wage to $23.50/hr. Based on where minimum wage should be using 1970-2013 rise in food, shelter, and transportation.

-Eliminate all business subsidies (deductions/write-off’s/write-downs) except for employee expenses which are deducted dollar-for-dollar on all city, state, and Federal taxes and fees.

-Adjust Social Security and private/public retirement and pension payments using 1970-2013 price structure.

-Back down ALL costs, prices, fees, to January 1, 2009 levels and hold them for 10 years.

-Recall ALL off-shore investments tax free, and disallow any further off-shore investments.

Nearly all of those would be horrible. And it's so obviously bad, it's hard to believe you would even post something like this. Worse yet, the damage of most of these would be compounded by the others.

So let's triple the cost of labor, with a insanely high minimum wage.
Then let's eliminate tax deductions, write offs, write-downs, thus drastically increasing cost on business.
Then let's lower prices.
Then let's force the sell off of all off-shore investments, thus eliminating that source of revenue for our companies.

So costs to business go up. Taxes on business go up. Revenue from goods sold goes down. Revenue from off-shore investments go down.

Do you know what happens next? Half the business throughout the country go bankrupt. Hundred million people or so, end up unemployed. The US sinks to 3rd world status in a matter of years.

Bad plan. Stupid plan. Need to learn some economics, and then rethink your entire position.

Why don't you read the plan. Costs of supplies to businesses would goes down. Taxes for businesses are eliminated. Hundreds of millions would be spending more in businesses which would increase business revenues, sales tax revenue, and GDP. Businesses would need more workers, not only to off-set taxes, but because of increased business.

Who cares about off-shore profits.

Just look at how great it works in Venezuela.

At markets, Chavez successor falls short - The Washington Post

Wrong story, sorry.

 

[Quantum Windbag]

-Raise minimum wage to $23.50/hr. Based on where minimum wage should be using 1970-2013 rise in food, shelter, and transportation.

-Eliminate all business subsidies (deductions/write-off’s/write-downs) except for employee expenses which are deducted dollar-for-dollar on all city, state, and Federal taxes and fees.

-Adjust Social Security and private/public retirement and pension payments using 1970-2013 price structure.

-Back down ALL costs, prices, fees, to January 1, 2009 levels and hold them for 10 years.

Wages are a cost.
Explain which of your conflicting proposals takes precedent.

I've eliminated employee costs, 100% for small business with up to 200 employees.

Funny, you really didn't because current tax law already does exactly what you are proposing, yet business still have employee related expenses. That is because, despite your delusional beliefs in magic money, the real world doesn't have expenses that disappear simply because someone posts stupidity on a message board.

 

[Quantum Windbag]

Nearly all of those would be horrible. And it's so obviously bad, it's hard to believe you would even post something like this. Worse yet, the damage of most of these would be compounded by the others.

So let's triple the cost of labor, with a insanely high minimum wage.
Then let's eliminate tax deductions, write offs, write-downs, thus drastically increasing cost on business.
Then let's lower prices.
Then let's force the sell off of all off-shore investments, thus eliminating that source of revenue for our companies.

So costs to business go up. Taxes on business go up. Revenue from goods sold goes down. Revenue from off-shore investments go down.

Do you know what happens next? Half the business throughout the country go bankrupt. Hundred million people or so, end up unemployed. The US sinks to 3rd world status in a matter of years.

Bad plan. Stupid plan. Need to learn some economics, and then rethink your entire position.

Why don't you read the plan. Costs of supplies to businesses would goes down. Taxes for businesses are eliminated. Hundreds of millions would be spending more in businesses which would increase business revenues, sales tax revenue, and GDP. Businesses would need more workers, not only to off-set taxes, but because of increased business.

Who cares about off-shore profits.

Costs of supplies to businesses would goes down.

How?

Taxes for businesses are eliminated.

Labor costs are much more than taxes for the vast majority of businesses.

Businesses would need more workers, not only to off-set taxes

You'll have to explain what this means.

Don't hold your breath.

 

[Statistikhengst]

So, everyone still looking for the answer?

Here it is:


42

 

[Flopper]

Nearly all of those would be horrible. And it's so obviously bad, it's hard to believe you would even post something like this. Worse yet, the damage of most of these would be compounded by the others.

So let's triple the cost of labor, with a insanely high minimum wage.
Then let's eliminate tax deductions, write offs, write-downs, thus drastically increasing cost on business.
Then let's lower prices.
Then let's force the sell off of all off-shore investments, thus eliminating that source of revenue for our companies.

So costs to business go up. Taxes on business go up. Revenue from goods sold goes down. Revenue from off-shore investments go down.

Do you know what happens next? Half the business throughout the country go bankrupt. Hundred million people or so, end up unemployed. The US sinks to 3rd world status in a matter of years.

Bad plan. Stupid plan. Need to learn some economics, and then rethink your entire position.

I agree, however I support an increase in the minimum wage. The better approach to minimum wage is to pass a moderate raise and then index it to inflation. 10 states are doing this now. The advantages should be obvious.

It provides business with a planning a tool. As it is now, businesses are guessing each year what the legislature will do with minimum wage next year and how it will effect them.

Minimum wage is a political football in about 40 state legislatures as well as congress. We waste too much time and effort fighting the same battle over and over. Better to set it to a reasonable amount, index it, and move on.

Back in 2009, Greece was projected by both their own economists, and the World Bank (if I remember right), that their unemployment would go down.

At that time, they also decided to increase their minimum wage, and index it to inflation.

At that time, I predicted openly, on a different forum than this, that not only would unemployment in Greece not go down, but it would actually reverse, and go higher than ever before.

Not only did unemployment go up, but so did inflation, and the entire economy suffered.... so badly that in 2012 they drafted a complete reversal of their policy, cutting the minimum wage.
Greece Draft Cuts Minimum Wage 20% - Bloomberg

The problem with all the minimum wage arguments, goes back to the fundamental basis of all business. The difference between the cost of production, and the value of production.

The value of labor, doesn't generally change. A burger at Wendy's is not worth more to me the customer, just because you want to pay the burger flipper $20/hr. The end result is either that the employee will be replaced with a machine, or the business will close.

Similarly, if I want to have someone mow my lawn, there is some point where the cost of having that done, exceeds the value of having it done. If someone offer's to mow my lawn for $30, that might be worth it. But if the government steps in, and says by decree, that I must pay $100 per mow, that would not be worth it. I could buy my own mower, and a years worth of fuel, for the cost of one mow.

In fact, for a $100 a mow, twice a month, I could instead buy a lawnbot, and have the robot replace the worker, and still not have to mow my lawn myself.

The value of the labor doesn't change. What changes is the price. When the price exceeds the value, you end up with people unemployed, and possibly replaced by machines.

McDonald's France...
McDonald's hires 7,000 touch-screen cashiers | Crave - CNET
over 7,000 cashiers, replaced by kiosks. In a country, that has a 26% unemployment rate.

Plenty of labor. If they could pay a wage comparative to the value of the labor, those 7,000 people would have jobs. But because of government laws and regulations, the cost of labor is too high, and thus they are replaced by machine.

There is a reason that McDonald's built that 100% automated store in California. They can see this coming.

So back to the main point. Raising the minimum wage kills jobs. Always has, always will. There is no economic benefit. Simply does not exist.

Without minimum wage, wages will sink to their economic worth to the business. So if a business can have the same work done in a third world country for $1/hr, it will pay $1/hr or something close to it to US workers. If a living wage is $11/hr, where does the money come from to support that worker and his family?

The idea that wages should float without any government intervention is to put American workers in direct competition with workers in third world countries. The end result would be most everyone would have a job and a government subsidy. It would be a boon for business because in effect government would be subsidizing most of the salary for low income workers.

 

[Quantum Windbag]

I agree, however I support an increase in the minimum wage. The better approach to minimum wage is to pass a moderate raise and then index it to inflation. 10 states are doing this now. The advantages should be obvious.

It provides business with a planning a tool. As it is now, businesses are guessing each year what the legislature will do with minimum wage next year and how it will effect them.

Minimum wage is a political football in about 40 state legislatures as well as congress. We waste too much time and effort fighting the same battle over and over. Better to set it to a reasonable amount, index it, and move on.

Back in 2009, Greece was projected by both their own economists, and the World Bank (if I remember right), that their unemployment would go down.

At that time, they also decided to increase their minimum wage, and index it to inflation.

At that time, I predicted openly, on a different forum than this, that not only would unemployment in Greece not go down, but it would actually reverse, and go higher than ever before.

Not only did unemployment go up, but so did inflation, and the entire economy suffered.... so badly that in 2012 they drafted a complete reversal of their policy, cutting the minimum wage.
Greece Draft Cuts Minimum Wage 20% - Bloomberg

The problem with all the minimum wage arguments, goes back to the fundamental basis of all business. The difference between the cost of production, and the value of production.

The value of labor, doesn't generally change. A burger at Wendy's is not worth more to me the customer, just because you want to pay the burger flipper $20/hr. The end result is either that the employee will be replaced with a machine, or the business will close.

Similarly, if I want to have someone mow my lawn, there is some point where the cost of having that done, exceeds the value of having it done. If someone offer's to mow my lawn for $30, that might be worth it. But if the government steps in, and says by decree, that I must pay $100 per mow, that would not be worth it. I could buy my own mower, and a years worth of fuel, for the cost of one mow.

In fact, for a $100 a mow, twice a month, I could instead buy a lawnbot, and have the robot replace the worker, and still not have to mow my lawn myself.

The value of the labor doesn't change. What changes is the price. When the price exceeds the value, you end up with people unemployed, and possibly replaced by machines.

McDonald's France...
McDonald's hires 7,000 touch-screen cashiers | Crave - CNET
over 7,000 cashiers, replaced by kiosks. In a country, that has a 26% unemployment rate.

Plenty of labor. If they could pay a wage comparative to the value of the labor, those 7,000 people would have jobs. But because of government laws and regulations, the cost of labor is too high, and thus they are replaced by machine.

There is a reason that McDonald's built that 100% automated store in California. They can see this coming.

So back to the main point. Raising the minimum wage kills jobs. Always has, always will. There is no economic benefit. Simply does not exist.

Without minimum wage, wages will sink to their economic worth to the business. So if a business can have the same work done in a third world country for $1/hr, it will pay $1/hr or something close to it to US workers. If a living wage is $11/hr, where does the money come from to support that worker and his family?

The idea that wages should float without any government intervention is to put American workers in direct competition with workers in third world countries. The end result would be most everyone would have a job and a government subsidy. It would be a boon for business because in effect government would be subsidizing most of the salary for low income workers.

The old "If the government doesn't fix it we are doomed" argument, how original.

Tell me something, how is McDonald's, KFC, or Pizza Hut, going to move their cooking to those third world countries? Do they have Star Trek transporters? Magic mushrooms? Hypersonic rocket planes?

 

[Flopper]

Back in 2009, Greece was projected by both their own economists, and the World Bank (if I remember right), that their unemployment would go down.

At that time, they also decided to increase their minimum wage, and index it to inflation.

At that time, I predicted openly, on a different forum than this, that not only would unemployment in Greece not go down, but it would actually reverse, and go higher than ever before.

Not only did unemployment go up, but so did inflation, and the entire economy suffered.... so badly that in 2012 they drafted a complete reversal of their policy, cutting the minimum wage.
Greece Draft Cuts Minimum Wage 20% - Bloomberg

The problem with all the minimum wage arguments, goes back to the fundamental basis of all business. The difference between the cost of production, and the value of production.

The value of labor, doesn't generally change. A burger at Wendy's is not worth more to me the customer, just because you want to pay the burger flipper $20/hr. The end result is either that the employee will be replaced with a machine, or the business will close.

Similarly, if I want to have someone mow my lawn, there is some point where the cost of having that done, exceeds the value of having it done. If someone offer's to mow my lawn for $30, that might be worth it. But if the government steps in, and says by decree, that I must pay $100 per mow, that would not be worth it. I could buy my own mower, and a years worth of fuel, for the cost of one mow.

In fact, for a $100 a mow, twice a month, I could instead buy a lawnbot, and have the robot replace the worker, and still not have to mow my lawn myself.

The value of the labor doesn't change. What changes is the price. When the price exceeds the value, you end up with people unemployed, and possibly replaced by machines.

McDonald's France...
McDonald's hires 7,000 touch-screen cashiers | Crave - CNET
over 7,000 cashiers, replaced by kiosks. In a country, that has a 26% unemployment rate.

Plenty of labor. If they could pay a wage comparative to the value of the labor, those 7,000 people would have jobs. But because of government laws and regulations, the cost of labor is too high, and thus they are replaced by machine.

There is a reason that McDonald's built that 100% automated store in California. They can see this coming.

So back to the main point. Raising the minimum wage kills jobs. Always has, always will. There is no economic benefit. Simply does not exist.

Without minimum wage, wages will sink to their economic worth to the business. So if a business can have the same work done in a third world country for $1/hr, it will pay $1/hr or something close to it to US workers. If a living wage is $11/hr, where does the money come from to support that worker and his family?

The idea that wages should float without any government intervention is to put American workers in direct competition with workers in third world countries. The end result would be most everyone would have a job and a government subsidy. It would be a boon for business because in effect government would be subsidizing most of the salary for low income workers.

The old "If the government doesn't fix it we are doomed" argument, how original.

Tell me something, how is McDonald's, KFC, or Pizza Hut, going to move their cooking to those third world countries? Do they have Star Trek transporters? Magic mushrooms? Hypersonic rocket planes?

If the lack of minimum wages laws is so great why are the 5 states that have no minimum wage laws among our poorest states in the nation, Mississippi, #50, Louisiana #49, Alabama $47, Tennessee #40, and Georgia #38. 9 of the 10 wealthiest states have minimum wage at or higher than the federal minimum wage.

 

[OnePercenter]

-Raise minimum wage to $23.50/hr. Based on where minimum wage should be using 1970-2013 rise in food, shelter, and transportation.

-Eliminate all business subsidies (deductions/write-off’s/write-downs) except for employee expenses which are deducted dollar-for-dollar on all city, state, and Federal taxes and fees.

-Adjust Social Security and private/public retirement and pension payments using 1970-2013 price structure.

-Back down ALL costs, prices, fees, to January 1, 2009 levels and hold them for 10 years.

-Recall ALL off-shore investments tax free, and disallow any further off-shore investments.

How are you going to get the rest of the world to back their prices back to 2009 and hold them there for 10 years?

If they want to sell products to the USA they will. Besides, how much could prices have increased since BushCo/Republicans/wall street crashed the world economy?

You also have to consider that the lowest paid full-time employee in the US will be making $48k/yr, which will buy a bunch of their crap.

 

[Quantum Windbag]

Without minimum wage, wages will sink to their economic worth to the business. So if a business can have the same work done in a third world country for $1/hr, it will pay $1/hr or something close to it to US workers. If a living wage is $11/hr, where does the money come from to support that worker and his family?

The idea that wages should float without any government intervention is to put American workers in direct competition with workers in third world countries. The end result would be most everyone would have a job and a government subsidy. It would be a boon for business because in effect government would be subsidizing most of the salary for low income workers.

The old "If the government doesn't fix it we are doomed" argument, how original.

Tell me something, how is McDonald's, KFC, or Pizza Hut, going to move their cooking to those third world countries? Do they have Star Trek transporters? Magic mushrooms? Hypersonic rocket planes?

If the lack of minimum wages laws is so great why are the 5 states that have no minimum wage laws among our poorest states in the nation, Mississippi, #50, Louisiana #49, Alabama $47, Tennessee #40, and Georgia #38. 9 of the 10 wealthiest states have minimum wage at or higher than the federal minimum wage.

If I had to take a guess I would say it is because you are delusional.

The fact that those five states do not have minimum wage laws does not mean that the federal mini9mum wage laws do not apply in those states.

The federal minimum wage provisions are contained in the Fair Labor Standards Act (FLSA). The federal minimum wage is $7.25 per hour effective July 24, 2009. Many states also have minimum wage laws. Some state laws provide greater employee protections; employers must comply with both.

http://www.dol.gov/whd/minimumwage.htm

Here is the applicable section of the US Code.

Every employer shall pay to each of his employees who in any workweek is engaged in commerce or in the production of goods for commerce, or is employed in an enterprise engaged in commerce or in the production of goods for commerce, wages at the following rates:
(1) except as otherwise provided in this section, not less than— (A) $5.85 an hour, beginning on the 60th day after May 25, 2007;
(B) $6.55 an hour, beginning 12 months after that 60th day; and
(C) $7.25 an hour, beginning 24 months after that 60th day;

29 U.S. Code § 206 - Minimum wage | LII / Legal Information Institute

Now that I have established that, despite your delusions and/or lies, that every single person that works at any business in the US is covered by federal minimum wage laws you can no longer claim that the lack of a minimum wage law is to blame for the lack of rich people in the states you listed.

I guess that puts the ball back in your court, so I will repeat my question, how is McDonald's, KFC, or Pizza Hut, going to move their cooking to those third world countries? Do they have Star Trek transporters? Magic mushrooms? Hypersonic rocket planes?

I do have another question. Since I have proven that you are completely wrong about the lack of a minimum wage making things really bad, is it remotely possible that I am right?