Minimum Wage Increase: They Never Talks About the SALES

[BluesLegend]

They stayed in business, but they didn't hire as many people. That's means people were unemployed as a result.

Don't shed too many tears. Top management who run the show, will always be Multimillionaires. If Burger King and Walmart go belly-up tomorrow, their top brass will be just fine. They'll still have their private yachts, private jets, and their kids will still attend top elite private schools. They won't be effected at all. So now they have to pay their workers more. Oh well, too bad. I think they'll survive.

I thought you were a supporter of free enterprise.

I don't shed tears for the most fortunate among us. They'll be fine, regardless of having to pay workers a little more. They'll still have their yachts, jets, and their kids will still attend top elite private schools. They'll be fine. The sky won't fall. I promise.

Middle class pension plans are heavily invested in these corporations, you seem willing to give away their profits without a second thought to how this will impact their retirement accounts.

Businesses don't care about the workers. It's about their own personal greed. That's America. If Workers want anything, they'll have to fight for it. Corporate fat cats ain't givin anyone anything by just asking nicely. Are you new here? Welcome to America.

Pull your head out of your ass then address the hypocrisy. Democrats are heavily invested in the very corporations and businesses you seem to hate, explain that I say you can't.

 

[paulitician]

What else are they gonna say? They'll always claim the 'Sky is Falling' if they have to pay someone a decent wage. Same ole same ole there. But the reality is, life will go on. The sky won't fall. They'll bitch & moan for awhile about having to pay better, and then they'll shut up and deal with it. It is what it is.

They will deal with it, by reducing hours, laying off workers and raising prices. You simply can't raise a company's operating cost by a significant amount and have no impact whatsoever. If you could, why not just raise the MW to $100/hr and be done with poverty altogether? Obviously, you can't.

Ha, they do that anyway. So don't worry about the whiny hype. They'll be angry about it for a short time, and then they'll shut up and move on. The sky won't be falling. Bet on that.

And teenagers will find it just a bit harder to get that first job, and unemployment among the young will increase just a bit more, but we don't care about that, because we feel good about ourselves. And again, why not just raise it to $100/hr?

All that's gonna happen regardless of paying workers better. We've got Millions & Millions of Illegals invading. Good-paying jobs are gonna become harder & harder to find. And once this current President's disastrous trade deal is passed, American Workers will struggle even more.

And btw, your beloved Republicans are strongly behind the President's current trade deal proposal. So, paying workers a bit more isn't gonna significantly alter anything. The course has been set. We're heading down that road.

So why not just raise it to $100/hr and eliminate poverty altogether?

Are you seriously frightened they'll raise Minimum Wage to $100 an hr? If so, why?

 

[paulitician]

Ha, they do that anyway. So don't worry about the whiny hype. They'll be angry about it for a short time, and then they'll shut up and move on. The sky won't be falling. Bet on that.

And teenagers will find it just a bit harder to get that first job, and unemployment among the young will increase just a bit more, but we don't care about that, because we feel good about ourselves. And again, why not just raise it to $100/hr?

All that's gonna happen regardless of paying workers better. We've got Millions & Millions of Illegals invading. Good-paying jobs are gonna become harder & harder to find. And once this current President's disastrous trade deal is passed, American Workers will struggle even more.

And btw, your beloved Republicans are strongly behind the President's current trade deal proposal. So, paying workers a bit more isn't gonna significantly alter anything. The course has been set. We're heading down that road.

again more negative posters

We need solutions

Not criticism.

The only solution is to fight for what you want and need. American Workers need to organize and become a powerful force again. You don't get what you want and need because you ask greedy Corporate fat Cats nicely. You have to create some leverage. Otherwise, they'll shit on you. That's just the way it is. It's all about the greed. You must be new here. So, welcome to America.

The best way to get leverage is to increase your value to the boss. Simply fighting for and demanding more goodies doesn't work. If you're just an easily replaced cog in the machine, you have no leverage. Be the highest producer, have the best on time record, and most of all, constantly learn new skills. Then you have leverage and will move up the ladder. If you do a job that can easily be replaced by a robot that will work cheaper and do a better job than you do, keep an eye over your shoulder, because you have zero leverage.

That's one way to create leverage, but there are other ways too.

 

[paulitician]

Just now, I saw another report about the topic of minimum wage increase. This one was on CNN, hosted by Julie Banderas. She was talking to Scott Gamm, of HelpSaveMyDollars.com, a financial website focused on helping consumers save and learn about money. They were talking about the recent 14-1 vote by the city of Los Angeles to raise the minimum wage to $15 by 2020.

Scott might be well versed on various aspects pertaining to consumer finances but, on the minimum wage raise, he is waaay off the mark. He said three things about the minimum wage raise topic. And he was WRONG on all three. Gamm merely recited the 3 most commonly heard (and programmed) descriptions about minimum wage raises.

1. He said it would cause jobs to be lost. FALSE! Employers function with a number of employees that bring them the most income/profit. They CANNOT reduce staff. Any more or less employees results in SALES and income reduction. Layoffs result in losses, not gains.

2. He (and Banderas too) said prices would be raised (or fees created) to compensate for the wage losses, and these losses would just be "passed on" to the customers. More FALSE! scare talk. Businesses CANNOT raise prices because they are already fixed at a market price, related to maximization of sales/income. Any change in price (up or down) results in reduction of SALES and income.

3. He said businesses will move away from LA. FALSE! (in most cases). Does Gamm think that closing down a business and moving to another location can be done scott (no pun intended) free ? Depending on the business, moving costs can vary from just barely economical, to completely UNeconomical, and the latter is much more often the case. Imagine a machine shop with over 100 large production machines, having to pack then all up and move miles away. Some businesses could do it. Not many.

So here's the real crux of all this. As in 1000 other media reports I've seen on minimum wage increases, the most important aspect of this is NEVER MENTIONED. Not a word. That is the increase in DISPOSABLE INCOME resulting in INCREASES SALES$$$. All businesses get this, and generally it far outweighs labor increases, since the number of wage raised consumers (not just those at the minimum wage) by far outnumbers any one employer's workers who are getting wage increases.

Then there's also the fact that many business, while receiving this big SALES boost, do NOT have any wage loss at all. These are businesses who are mom & pop and have no employees, those whose workers are all working just on sales commission (car lots, furniture, real estate, insurance, etc), and third, those with skilled workers (ex. machine shops) whose workers all already get well over $15 hour, or whatever the MW would be raised to.

I think back to when I owned a business. I paid my commission salespeople $350/hour (in 2015 dollars), and they still were only receiving 15% of the sale. In all, I made fine profits and expanded the business. Biggest downer ? All the people who called in and said > "Sorry. I can't afford it." Of course they can't. Not one somebody out there is paying them a low minimum wage. To be successful in business, you have a lot fo things to do. But you can't do anything, if the public around you doesn't have money in their pockets to buy what you're trying to sell.

This is why Conservatives who support raising the MW nationwide, outnumber Conservatives who don't, 54% to 44%.

Minimum wage laws cannot create jobs, they can ONLY outlaw them. Minimum wage laws demand that workers willing to accept wages less than the minimum wage are barred from such contracts. It is compulsory unemployment.

There is no escape from the objective fact of economic reality that minimum wage laws devalue wages. You simply cannot avoid devaluing wages when you make $1/hr work cost the same as $15/hr work.

Adding new dollars to the economy by increasing the minimum wage beyond what the work is worth is not the same thing as creating new wealth. Minimum wage laws always result in inflation. They necessarily must.

These realities are inescapable, and it is why minimum wage ponzi schemes ALWAYS fail.

How has Minimum Wage failed? Businesses seem to be surviving and thriving. Haven't observed any closing because they had to pay Workers Minimum Wage.

What you HAVE seen, though, are more teenagers unable to find summer time work because the cheap jobs they used to do are gone. They used to be able to pick up spending money and get work experience by pumping gas or ushering in a movie theater. Not any more. This trend will continue as we price such jobs out of the market.

Seriously, don't be so frightened that the fat cats are gonna have to pay struggling workers more. They don't need your sympathy. The Walmart and McDonalds top brass will always be Multimillionaires. They're gonna make it. I promise.

 

[BluesLegend]

They will deal with it, by reducing hours, laying off workers and raising prices. You simply can't raise a company's operating cost by a significant amount and have no impact whatsoever. If you could, why not just raise the MW to $100/hr and be done with poverty altogether? Obviously, you can't.

Ha, they do that anyway. So don't worry about the whiny hype. They'll be angry about it for a short time, and then they'll shut up and move on. The sky won't be falling. Bet on that.

And teenagers will find it just a bit harder to get that first job, and unemployment among the young will increase just a bit more, but we don't care about that, because we feel good about ourselves. And again, why not just raise it to $100/hr?

All that's gonna happen regardless of paying workers better. We've got Millions & Millions of Illegals invading. Good-paying jobs are gonna become harder & harder to find. And once this current President's disastrous trade deal is passed, American Workers will struggle even more.

And btw, your beloved Republicans are strongly behind the President's current trade deal proposal. So, paying workers a bit more isn't gonna significantly alter anything. The course has been set. We're heading down that road.

So why not just raise it to $100/hr and eliminate poverty altogether?

Are you seriously frightened they'll raise Minimum Wage to $100 an hr? If so, why?

No he's mocking the stupidity of the left and their dumb ass $15 an hour minimum wage nonsense. About the dumbest thing I have heard come from the left since the Obamacare failure. You would think the left could come up with something that is both liberal and not utterly stupid but I guess not.

 

[BluesLegend]

Just now, I saw another report about the topic of minimum wage increase. This one was on CNN, hosted by Julie Banderas. She was talking to Scott Gamm, of HelpSaveMyDollars.com, a financial website focused on helping consumers save and learn about money. They were talking about the recent 14-1 vote by the city of Los Angeles to raise the minimum wage to $15 by 2020.

Scott might be well versed on various aspects pertaining to consumer finances but, on the minimum wage raise, he is waaay off the mark. He said three things about the minimum wage raise topic. And he was WRONG on all three. Gamm merely recited the 3 most commonly heard (and programmed) descriptions about minimum wage raises.

1. He said it would cause jobs to be lost. FALSE! Employers function with a number of employees that bring them the most income/profit. They CANNOT reduce staff. Any more or less employees results in SALES and income reduction. Layoffs result in losses, not gains.

2. He (and Banderas too) said prices would be raised (or fees created) to compensate for the wage losses, and these losses would just be "passed on" to the customers. More FALSE! scare talk. Businesses CANNOT raise prices because they are already fixed at a market price, related to maximization of sales/income. Any change in price (up or down) results in reduction of SALES and income.

3. He said businesses will move away from LA. FALSE! (in most cases). Does Gamm think that closing down a business and moving to another location can be done scott (no pun intended) free ? Depending on the business, moving costs can vary from just barely economical, to completely UNeconomical, and the latter is much more often the case. Imagine a machine shop with over 100 large production machines, having to pack then all up and move miles away. Some businesses could do it. Not many.

So here's the real crux of all this. As in 1000 other media reports I've seen on minimum wage increases, the most important aspect of this is NEVER MENTIONED. Not a word. That is the increase in DISPOSABLE INCOME resulting in INCREASES SALES$$$. All businesses get this, and generally it far outweighs labor increases, since the number of wage raised consumers (not just those at the minimum wage) by far outnumbers any one employer's workers who are getting wage increases.

Then there's also the fact that many business, while receiving this big SALES boost, do NOT have any wage loss at all. These are businesses who are mom & pop and have no employees, those whose workers are all working just on sales commission (car lots, furniture, real estate, insurance, etc), and third, those with skilled workers (ex. machine shops) whose workers all already get well over $15 hour, or whatever the MW would be raised to.

I think back to when I owned a business. I paid my commission salespeople $350/hour (in 2015 dollars), and they still were only receiving 15% of the sale. In all, I made fine profits and expanded the business. Biggest downer ? All the people who called in and said > "Sorry. I can't afford it." Of course they can't. Not one somebody out there is paying them a low minimum wage. To be successful in business, you have a lot fo things to do. But you can't do anything, if the public around you doesn't have money in their pockets to buy what you're trying to sell.

This is why Conservatives who support raising the MW nationwide, outnumber Conservatives who don't, 54% to 44%.

Minimum wage laws cannot create jobs, they can ONLY outlaw them. Minimum wage laws demand that workers willing to accept wages less than the minimum wage are barred from such contracts. It is compulsory unemployment.

There is no escape from the objective fact of economic reality that minimum wage laws devalue wages. You simply cannot avoid devaluing wages when you make $1/hr work cost the same as $15/hr work.

Adding new dollars to the economy by increasing the minimum wage beyond what the work is worth is not the same thing as creating new wealth. Minimum wage laws always result in inflation. They necessarily must.

These realities are inescapable, and it is why minimum wage ponzi schemes ALWAYS fail.

How has Minimum Wage failed? Businesses seem to be surviving and thriving. Haven't observed any closing because they had to pay Workers Minimum Wage.

What you HAVE seen, though, are more teenagers unable to find summer time work because the cheap jobs they used to do are gone. They used to be able to pick up spending money and get work experience by pumping gas or ushering in a movie theater. Not any more. This trend will continue as we price such jobs out of the market.

Seriously, don't be so frightened that the fat cats are gonna have to pay struggling workers more. They don't need your sympathy. The Walmart and McDonalds top brass will always be Multimillionaires. They're gonna make it. I promise.

Why do you hate middle class stock holders? Why do you hate teachers unions and teachers who's pension plans are heavily invested in the very corporations you hate?

 

[paulitician]

They stayed in business. Every burger chain had to raise pric s the same. Same as when wages increase

They stayed in business, but they didn't hire as many people. That's means people were unemployed as a result.

Don't shed too many tears. Top management who run the show, will always be Multimillionaires. If Burger King and Walmart go belly-up tomorrow, their top brass will be just fine. They'll still have their private yachts, private jets, and their kids will still attend top elite private schools. They won't be effected at all. So now they have to pay their workers more. Oh well, too bad. I think they'll survive.

I thought you were a supporter of free enterprise.

I don't shed tears for the most fortunate among us. They'll be fine, regardless of having to pay workers a little more. They'll still have their yachts, jets, and their kids will still attend top elite private schools. They'll be fine. The sky won't fall. I promise.

They'll be fine, regardless of having to pay workers a little more. They'll still have their yachts.....

I hate those rich guys and their yachts! We should create a tax on those yachts, show those bastards. What could go wrong?

I don't hate em. I'm sick of their silly whining. Just pay up and shut up. Their yachts and jets will still be there.

 

[paulitician]

Ha, they do that anyway. So don't worry about the whiny hype. They'll be angry about it for a short time, and then they'll shut up and move on. The sky won't be falling. Bet on that.

And teenagers will find it just a bit harder to get that first job, and unemployment among the young will increase just a bit more, but we don't care about that, because we feel good about ourselves. And again, why not just raise it to $100/hr?

All that's gonna happen regardless of paying workers better. We've got Millions & Millions of Illegals invading. Good-paying jobs are gonna become harder & harder to find. And once this current President's disastrous trade deal is passed, American Workers will struggle even more.

And btw, your beloved Republicans are strongly behind the President's current trade deal proposal. So, paying workers a bit more isn't gonna significantly alter anything. The course has been set. We're heading down that road.

So why not just raise it to $100/hr and eliminate poverty altogether?

Are you seriously frightened they'll raise Minimum Wage to $100 an hr? If so, why?

No he's mocking the stupidity of the left and their dumb ass $15 an hour minimum wage nonsense. About the dumbest thing I have heard come from the left since the Obamacare failure. You would think the left could come up with something that is both liberal and not utterly stupid but I guess not.

Even if they did raise it to $100 an hr, why are you so bothered by that?

 

[LOki]

Just now, I saw another report about the topic of minimum wage increase. This one was on CNN, hosted by Julie Banderas. She was talking to Scott Gamm, of HelpSaveMyDollars.com, a financial website focused on helping consumers save and learn about money. They were talking about the recent 14-1 vote by the city of Los Angeles to raise the minimum wage to $15 by 2020.

Scott might be well versed on various aspects pertaining to consumer finances but, on the minimum wage raise, he is waaay off the mark. He said three things about the minimum wage raise topic. And he was WRONG on all three. Gamm merely recited the 3 most commonly heard (and programmed) descriptions about minimum wage raises.

1. He said it would cause jobs to be lost. FALSE! Employers function with a number of employees that bring them the most income/profit. They CANNOT reduce staff. Any more or less employees results in SALES and income reduction. Layoffs result in losses, not gains.

2. He (and Banderas too) said prices would be raised (or fees created) to compensate for the wage losses, and these losses would just be "passed on" to the customers. More FALSE! scare talk. Businesses CANNOT raise prices because they are already fixed at a market price, related to maximization of sales/income. Any change in price (up or down) results in reduction of SALES and income.

3. He said businesses will move away from LA. FALSE! (in most cases). Does Gamm think that closing down a business and moving to another location can be done scott (no pun intended) free ? Depending on the business, moving costs can vary from just barely economical, to completely UNeconomical, and the latter is much more often the case. Imagine a machine shop with over 100 large production machines, having to pack then all up and move miles away. Some businesses could do it. Not many.

So here's the real crux of all this. As in 1000 other media reports I've seen on minimum wage increases, the most important aspect of this is NEVER MENTIONED. Not a word. That is the increase in DISPOSABLE INCOME resulting in INCREASES SALES$$$. All businesses get this, and generally it far outweighs labor increases, since the number of wage raised consumers (not just those at the minimum wage) by far outnumbers any one employer's workers who are getting wage increases.

Then there's also the fact that many business, while receiving this big SALES boost, do NOT have any wage loss at all. These are businesses who are mom & pop and have no employees, those whose workers are all working just on sales commission (car lots, furniture, real estate, insurance, etc), and third, those with skilled workers (ex. machine shops) whose workers all already get well over $15 hour, or whatever the MW would be raised to.

I think back to when I owned a business. I paid my commission salespeople $350/hour (in 2015 dollars), and they still were only receiving 15% of the sale. In all, I made fine profits and expanded the business. Biggest downer ? All the people who called in and said > "Sorry. I can't afford it." Of course they can't. Not one somebody out there is paying them a low minimum wage. To be successful in business, you have a lot fo things to do. But you can't do anything, if the public around you doesn't have money in their pockets to buy what you're trying to sell.

This is why Conservatives who support raising the MW nationwide, outnumber Conservatives who don't, 54% to 44%.

Minimum wage laws cannot create jobs, they can ONLY outlaw them. Minimum wage laws demand that workers willing to accept wages less than the minimum wage are barred from such contracts. It is compulsory unemployment.

There is no escape from the objective fact of economic reality that minimum wage laws devalue wages. You simply cannot avoid devaluing wages when you make $1/hr work cost the same as $15/hr work.

Adding new dollars to the economy by increasing the minimum wage beyond what the work is worth is not the same thing as creating new wealth. Minimum wage laws always result in inflation. They necessarily must.

These realities are inescapable, and it is why minimum wage ponzi schemes ALWAYS fail.

How has Minimum Wage failed?

You need to raise it again, yes?

It wasn't successful the last time it was tried. If it was a success the last time, you wouldn't need to establish yet a higher minimum wage this time, right?

So it FAILED the last time you tried it.

Businesses seem to be surviving and thriving. Haven't observed any closing because they had to pay Workers Minimum Wage.

So you haven't been to Detroit, Cleveland, or Pittsburgh lately? If you had, you'd have seen the devaluing effect that minimum wage has on other wages.

Look, even if we were to make the minimum wage $100k/year, in the long run, provided there is no additional government interference, the whole thing would shake out to just about where we are now, except that the same retarded cranks who now gripe that 15k/year is insufficient for the poor, will then claim that 100k/year is insufficient for the poor.

You want to know why that is?

It is because the realities of minimum wage laws are inescapable; they are why minimum wage ponzi schemes ALWAYS fail.

Tell me, what is your exact objection to basing a worker's wages solely upon what that worker's work is worth?

Minimum Wage has never caused a Business to go under. Never. Anyone who claims they have, is flat-out lying. Businesses go under for many reasons. But Minimum Wage ain't one of em.

So you haven't been to Detroit, Cleveland, or Pittsburgh lately? Fine.

If you had, you'd have seen the devaluing effect that minimum wage has on other wages. You'd have seen the boarded up store fronts.

You can't deny the jobs lost, the devaluation of wages, the inflation... and the combined, synergistic effect on the very folks you claim benefit from minimum wage laws. If you could, you wouldn't now be rationalizing an increase in the minimum wage.

Oh wait... you are in denial of those realities.

Tell me, what is your exact objection to basing a worker's wages solely upon what that worker's work is worth?

 

[paulitician]

And again i'll reiterate, no businesses go under because of Minimum Wage. I am not aware of a single business that closed due to Minimum Wage. But if anyone can show me otherwise, i'll check it out.

 

[LOki]

And again i'll reiterate, no businesses go under because of Minimum Wage. I am not aware of a single business that closed due to Minimum Wage. But if anyone can show me otherwise, i'll check it out.

So you haven't been to Detroit, Cleveland, or Pittsburgh lately? Fine.

If you had, you'd have seen the devaluing effect that minimum wage has on other wages. You'd have seen the boarded up store fronts.

You can't deny the jobs lost, the devaluation of wages, the inflation... and the combined, synergistic effect on the very folks you claim benefit from minimum wage laws. If you could, you wouldn't now be rationalizing an increase in the minimum wage.

Oh wait... you are in denial of those realities.

Tell me, what is your exact objection to basing a worker's wages solely upon what that worker's work is worth?

 

[paulitician]

Just now, I saw another report about the topic of minimum wage increase. This one was on CNN, hosted by Julie Banderas. She was talking to Scott Gamm, of HelpSaveMyDollars.com, a financial website focused on helping consumers save and learn about money. They were talking about the recent 14-1 vote by the city of Los Angeles to raise the minimum wage to $15 by 2020.

Scott might be well versed on various aspects pertaining to consumer finances but, on the minimum wage raise, he is waaay off the mark. He said three things about the minimum wage raise topic. And he was WRONG on all three. Gamm merely recited the 3 most commonly heard (and programmed) descriptions about minimum wage raises.

1. He said it would cause jobs to be lost. FALSE! Employers function with a number of employees that bring them the most income/profit. They CANNOT reduce staff. Any more or less employees results in SALES and income reduction. Layoffs result in losses, not gains.

2. He (and Banderas too) said prices would be raised (or fees created) to compensate for the wage losses, and these losses would just be "passed on" to the customers. More FALSE! scare talk. Businesses CANNOT raise prices because they are already fixed at a market price, related to maximization of sales/income. Any change in price (up or down) results in reduction of SALES and income.

3. He said businesses will move away from LA. FALSE! (in most cases). Does Gamm think that closing down a business and moving to another location can be done scott (no pun intended) free ? Depending on the business, moving costs can vary from just barely economical, to completely UNeconomical, and the latter is much more often the case. Imagine a machine shop with over 100 large production machines, having to pack then all up and move miles away. Some businesses could do it. Not many.

So here's the real crux of all this. As in 1000 other media reports I've seen on minimum wage increases, the most important aspect of this is NEVER MENTIONED. Not a word. That is the increase in DISPOSABLE INCOME resulting in INCREASES SALES$$$. All businesses get this, and generally it far outweighs labor increases, since the number of wage raised consumers (not just those at the minimum wage) by far outnumbers any one employer's workers who are getting wage increases.

Then there's also the fact that many business, while receiving this big SALES boost, do NOT have any wage loss at all. These are businesses who are mom & pop and have no employees, those whose workers are all working just on sales commission (car lots, furniture, real estate, insurance, etc), and third, those with skilled workers (ex. machine shops) whose workers all already get well over $15 hour, or whatever the MW would be raised to.

I think back to when I owned a business. I paid my commission salespeople $350/hour (in 2015 dollars), and they still were only receiving 15% of the sale. In all, I made fine profits and expanded the business. Biggest downer ? All the people who called in and said > "Sorry. I can't afford it." Of course they can't. Not one somebody out there is paying them a low minimum wage. To be successful in business, you have a lot fo things to do. But you can't do anything, if the public around you doesn't have money in their pockets to buy what you're trying to sell.

This is why Conservatives who support raising the MW nationwide, outnumber Conservatives who don't, 54% to 44%.

Minimum wage laws cannot create jobs, they can ONLY outlaw them. Minimum wage laws demand that workers willing to accept wages less than the minimum wage are barred from such contracts. It is compulsory unemployment.

There is no escape from the objective fact of economic reality that minimum wage laws devalue wages. You simply cannot avoid devaluing wages when you make $1/hr work cost the same as $15/hr work.

Adding new dollars to the economy by increasing the minimum wage beyond what the work is worth is not the same thing as creating new wealth. Minimum wage laws always result in inflation. They necessarily must.

These realities are inescapable, and it is why minimum wage ponzi schemes ALWAYS fail.

How has Minimum Wage failed? Businesses seem to be surviving and thriving. Haven't observed any closing because they had to pay Workers Minimum Wage.

What you HAVE seen, though, are more teenagers unable to find summer time work because the cheap jobs they used to do are gone. They used to be able to pick up spending money and get work experience by pumping gas or ushering in a movie theater. Not any more. This trend will continue as we price such jobs out of the market.

Seriously, don't be so frightened that the fat cats are gonna have to pay struggling workers more. They don't need your sympathy. The Walmart and McDonalds top brass will always be Multimillionaires. They're gonna make it. I promise.

Why do you hate middle class stock holders? Why do you hate teachers unions and teachers who's pension plans are heavily invested in the very corporations you hate?

Again, i don't hate anyone. But i do hate their silly whining. Minimum Wage does not cause businesses to go under. There is no proof of it happening. It's all just greedy assholes bitching & moaning about having to pay workers a decent wage. Nothing more, nothing less.

 

[paulitician]

Just now, I saw another report about the topic of minimum wage increase. This one was on CNN, hosted by Julie Banderas. She was talking to Scott Gamm, of HelpSaveMyDollars.com, a financial website focused on helping consumers save and learn about money. They were talking about the recent 14-1 vote by the city of Los Angeles to raise the minimum wage to $15 by 2020.

Scott might be well versed on various aspects pertaining to consumer finances but, on the minimum wage raise, he is waaay off the mark. He said three things about the minimum wage raise topic. And he was WRONG on all three. Gamm merely recited the 3 most commonly heard (and programmed) descriptions about minimum wage raises.

1. He said it would cause jobs to be lost. FALSE! Employers function with a number of employees that bring them the most income/profit. They CANNOT reduce staff. Any more or less employees results in SALES and income reduction. Layoffs result in losses, not gains.

2. He (and Banderas too) said prices would be raised (or fees created) to compensate for the wage losses, and these losses would just be "passed on" to the customers. More FALSE! scare talk. Businesses CANNOT raise prices because they are already fixed at a market price, related to maximization of sales/income. Any change in price (up or down) results in reduction of SALES and income.

3. He said businesses will move away from LA. FALSE! (in most cases). Does Gamm think that closing down a business and moving to another location can be done scott (no pun intended) free ? Depending on the business, moving costs can vary from just barely economical, to completely UNeconomical, and the latter is much more often the case. Imagine a machine shop with over 100 large production machines, having to pack then all up and move miles away. Some businesses could do it. Not many.

So here's the real crux of all this. As in 1000 other media reports I've seen on minimum wage increases, the most important aspect of this is NEVER MENTIONED. Not a word. That is the increase in DISPOSABLE INCOME resulting in INCREASES SALES$$$. All businesses get this, and generally it far outweighs labor increases, since the number of wage raised consumers (not just those at the minimum wage) by far outnumbers any one employer's workers who are getting wage increases.

Then there's also the fact that many business, while receiving this big SALES boost, do NOT have any wage loss at all. These are businesses who are mom & pop and have no employees, those whose workers are all working just on sales commission (car lots, furniture, real estate, insurance, etc), and third, those with skilled workers (ex. machine shops) whose workers all already get well over $15 hour, or whatever the MW would be raised to.

I think back to when I owned a business. I paid my commission salespeople $350/hour (in 2015 dollars), and they still were only receiving 15% of the sale. In all, I made fine profits and expanded the business. Biggest downer ? All the people who called in and said > "Sorry. I can't afford it." Of course they can't. Not one somebody out there is paying them a low minimum wage. To be successful in business, you have a lot fo things to do. But you can't do anything, if the public around you doesn't have money in their pockets to buy what you're trying to sell.

This is why Conservatives who support raising the MW nationwide, outnumber Conservatives who don't, 54% to 44%.

Minimum wage laws cannot create jobs, they can ONLY outlaw them. Minimum wage laws demand that workers willing to accept wages less than the minimum wage are barred from such contracts. It is compulsory unemployment.

There is no escape from the objective fact of economic reality that minimum wage laws devalue wages. You simply cannot avoid devaluing wages when you make $1/hr work cost the same as $15/hr work.

Adding new dollars to the economy by increasing the minimum wage beyond what the work is worth is not the same thing as creating new wealth. Minimum wage laws always result in inflation. They necessarily must.

These realities are inescapable, and it is why minimum wage ponzi schemes ALWAYS fail.

How has Minimum Wage failed?

You need to raise it again, yes?

It wasn't successful the last time it was tried. If it was a success the last time, you wouldn't need to establish yet a higher minimum wage this time, right?

So it FAILED the last time you tried it.

Businesses seem to be surviving and thriving. Haven't observed any closing because they had to pay Workers Minimum Wage.

So you haven't been to Detroit, Cleveland, or Pittsburgh lately? If you had, you'd have seen the devaluing effect that minimum wage has on other wages.

Look, even if we were to make the minimum wage $100k/year, in the long run, provided there is no additional government interference, the whole thing would shake out to just about where we are now, except that the same retarded cranks who now gripe that 15k/year is insufficient for the poor, will then claim that 100k/year is insufficient for the poor.

You want to know why that is?

It is because the realities of minimum wage laws are inescapable; they are why minimum wage ponzi schemes ALWAYS fail.

Tell me, what is your exact objection to basing a worker's wages solely upon what that worker's work is worth?

Minimum Wage has never caused a Business to go under. Never. Anyone who claims they have, is flat-out lying. Businesses go under for many reasons. But Minimum Wage ain't one of em.

So you haven't been to Detroit, Cleveland, or Pittsburgh lately? Fine.

If you had, you'd have seen the devaluing effect that minimum wage has on other wages. You'd have seen the boarded up store fronts.

You can't deny the jobs lost, the devaluation of wages, the inflation... and the combined, synergistic effect on the very folks you claim benefit from minimum wage laws. If you could, you wouldn't now be rationalizing an increase in the minimum wage.

Oh wait... you are in denial of those realities.

Tell me, what is your exact objection to basing a worker's wages solely upon what that worker's work is worth?

Show me just one business that went under due to Minimum Wage. It doesn't happen. Businesses go under for many reasons. But Minimum Wage isn't one of those reasons.

 

[paulitician]

Just look at the Restaurant Business for instance. Most don't even pay most of their workers Minimum Wage. Some pay their workers as low as $2.50 an hr. Yet thousands of Restaurants go out of business all the time.

So there is no proof showing businesses go under due to the Minimum Wage. It just doesn't happen. But if anyone can show me all those businesses going under due to Minimum Wage, i'm willing to check it out.

 

[Toddsterpatriot]

They stayed in business, but they didn't hire as many people. That's means people were unemployed as a result.

Don't shed too many tears. Top management who run the show, will always be Multimillionaires. If Burger King and Walmart go belly-up tomorrow, their top brass will be just fine. They'll still have their private yachts, private jets, and their kids will still attend top elite private schools. They won't be effected at all. So now they have to pay their workers more. Oh well, too bad. I think they'll survive.

I thought you were a supporter of free enterprise.

I don't shed tears for the most fortunate among us. They'll be fine, regardless of having to pay workers a little more. They'll still have their yachts, jets, and their kids will still attend top elite private schools. They'll be fine. The sky won't fall. I promise.

They'll be fine, regardless of having to pay workers a little more. They'll still have their yachts.....

I hate those rich guys and their yachts! We should create a tax on those yachts, show those bastards. What could go wrong?

I don't hate em. I'm sick of their silly whining. Just pay up and shut up. Their yachts and jets will still be there.

Yeah, tax those yachts and jets.
So the liberals can stop whining.

 

[BluesLegend]

Minimum wage laws cannot create jobs, they can ONLY outlaw them. Minimum wage laws demand that workers willing to accept wages less than the minimum wage are barred from such contracts. It is compulsory unemployment.

There is no escape from the objective fact of economic reality that minimum wage laws devalue wages. You simply cannot avoid devaluing wages when you make $1/hr work cost the same as $15/hr work.

Adding new dollars to the economy by increasing the minimum wage beyond what the work is worth is not the same thing as creating new wealth. Minimum wage laws always result in inflation. They necessarily must.

These realities are inescapable, and it is why minimum wage ponzi schemes ALWAYS fail.

How has Minimum Wage failed? Businesses seem to be surviving and thriving. Haven't observed any closing because they had to pay Workers Minimum Wage.

What you HAVE seen, though, are more teenagers unable to find summer time work because the cheap jobs they used to do are gone. They used to be able to pick up spending money and get work experience by pumping gas or ushering in a movie theater. Not any more. This trend will continue as we price such jobs out of the market.

Seriously, don't be so frightened that the fat cats are gonna have to pay struggling workers more. They don't need your sympathy. The Walmart and McDonalds top brass will always be Multimillionaires. They're gonna make it. I promise.

Why do you hate middle class stock holders? Why do you hate teachers unions and teachers who's pension plans are heavily invested in the very corporations you hate?

Again, i don't hate anyone. But i do hate their silly whining. Minimum Wage does not cause businesses to go under. There is no proof of it happening. It's all just greedy assholes bitching & moaning about having to pay workers a decent wage. Nothing more, nothing less.

Well then go complain to Democrats who are invested in these corporations, get Democrats to give up their profits and give the money to workers, lead by example.

 

[bripat9643]

They stayed in business, but they didn't hire as many people. That's means people were unemployed as a result.

Don't shed too many tears. Top management who run the show, will always be Multimillionaires. If Burger King and Walmart go belly-up tomorrow, their top brass will be just fine. They'll still have their private yachts, private jets, and their kids will still attend top elite private schools. They won't be effected at all. So now they have to pay their workers more. Oh well, too bad. I think they'll survive.

I thought you were a supporter of free enterprise.

I don't shed tears for the most fortunate among us. They'll be fine, regardless of having to pay workers a little more. They'll still have their yachts, jets, and their kids will still attend top elite private schools. They'll be fine. The sky won't fall. I promise.

They'll be fine, regardless of having to pay workers a little more. They'll still have their yachts.....

I hate those rich guys and their yachts! We should create a tax on those yachts, show those bastards. What could go wrong?

I don't hate em. I'm sick of their silly whining. Just pay up and shut up. Their yachts and jets will still be there.

If they get their way on the $15/hr minimum wage, they'll just find something else to whine about.

You didn't really think they would stop whining before capitalism was totally destroyed, did you?

 

[BluesLegend]

Don't shed too many tears. Top management who run the show, will always be Multimillionaires. If Burger King and Walmart go belly-up tomorrow, their top brass will be just fine. They'll still have their private yachts, private jets, and their kids will still attend top elite private schools. They won't be effected at all. So now they have to pay their workers more. Oh well, too bad. I think they'll survive.

I thought you were a supporter of free enterprise.

I don't shed tears for the most fortunate among us. They'll be fine, regardless of having to pay workers a little more. They'll still have their yachts, jets, and their kids will still attend top elite private schools. They'll be fine. The sky won't fall. I promise.

They'll be fine, regardless of having to pay workers a little more. They'll still have their yachts.....

I hate those rich guys and their yachts! We should create a tax on those yachts, show those bastards. What could go wrong?

I don't hate em. I'm sick of their silly whining. Just pay up and shut up. Their yachts and jets will still be there.

If they get their way on the $15/hr minimum wage, they'll just find something else to whine about.

You didn't really think they would stop whining before capitalism was totally destroyed, did you?

You nailed it, its a pattern with these leftist they just keep coming back for more. You can't negotiate a middle ground with these freaks, they lie and negotiate in bad faith. The GOP establishment idiots think they can broker a deal with them, its not possible. They give them some of what they want thinking well that's it but the left, being lying lowlife scum have every intention of breaking the deal and coming back for more. The left needs to be destroyed, not bargained with.

 

[bripat9643]

Don't shed too many tears. Top management who run the show, will always be Multimillionaires. If Burger King and Walmart go belly-up tomorrow, their top brass will be just fine. They'll still have their private yachts, private jets, and their kids will still attend top elite private schools. They won't be effected at all. So now they have to pay their workers more. Oh well, too bad. I think they'll survive.

I thought you were a supporter of free enterprise.

I don't shed tears for the most fortunate among us. They'll be fine, regardless of having to pay workers a little more. They'll still have their yachts, jets, and their kids will still attend top elite private schools. They'll be fine. The sky won't fall. I promise.

They'll be fine, regardless of having to pay workers a little more. They'll still have their yachts.....

I hate those rich guys and their yachts! We should create a tax on those yachts, show those bastards. What could go wrong?

I don't hate em. I'm sick of their silly whining. Just pay up and shut up. Their yachts and jets will still be there.

Yeah, tax those yachts and jets.
So the liberals can stop whining.

But taxing yachts and jets will cause unemployment among the people who make yachts and jets. And when that happens Congress will create tax breaks to alleviate the unemployment, and then the left will whine about welfare for the rich! Where or where or where does it all end?

 

[LOki]

Minimum wage laws cannot create jobs, they can ONLY outlaw them. Minimum wage laws demand that workers willing to accept wages less than the minimum wage are barred from such contracts. It is compulsory unemployment.

There is no escape from the objective fact of economic reality that minimum wage laws devalue wages. You simply cannot avoid devaluing wages when you make $1/hr work cost the same as $15/hr work.

Adding new dollars to the economy by increasing the minimum wage beyond what the work is worth is not the same thing as creating new wealth. Minimum wage laws always result in inflation. They necessarily must.

These realities are inescapable, and it is why minimum wage ponzi schemes ALWAYS fail.

How has Minimum Wage failed?

You need to raise it again, yes?

It wasn't successful the last time it was tried. If it was a success the last time, you wouldn't need to establish yet a higher minimum wage this time, right?

So it FAILED the last time you tried it.

Businesses seem to be surviving and thriving. Haven't observed any closing because they had to pay Workers Minimum Wage.

So you haven't been to Detroit, Cleveland, or Pittsburgh lately? If you had, you'd have seen the devaluing effect that minimum wage has on other wages.

Look, even if we were to make the minimum wage $100k/year, in the long run, provided there is no additional government interference, the whole thing would shake out to just about where we are now, except that the same retarded cranks who now gripe that 15k/year is insufficient for the poor, will then claim that 100k/year is insufficient for the poor.

You want to know why that is?

It is because the realities of minimum wage laws are inescapable; they are why minimum wage ponzi schemes ALWAYS fail.

Tell me, what is your exact objection to basing a worker's wages solely upon what that worker's work is worth?

Minimum Wage has never caused a Business to go under. Never. Anyone who claims they have, is flat-out lying. Businesses go under for many reasons. But Minimum Wage ain't one of em.

So you haven't been to Detroit, Cleveland, or Pittsburgh lately? Fine.

If you had, you'd have seen the devaluing effect that minimum wage has on other wages. You'd have seen the boarded up store fronts.

You can't deny the jobs lost, the devaluation of wages, the inflation... and the combined, synergistic effect on the very folks you claim benefit from minimum wage laws. If you could, you wouldn't now be rationalizing an increase in the minimum wage.

Oh wait... you are in denial of those realities.

Tell me, what is your exact objection to basing a worker's wages solely upon what that worker's work is worth?

Show me just one business that went under due to Minimum Wage. It doesn't happen. Businesses go under for many reasons. But Minimum Wage isn't one of those reasons.

Yes, yes, yes. I understand. You never saw a cat turn into a dog, so evolution never happened. You never saw a man on the moon, so it never happened. And you never saw a businesses go under because of minimum wage, so it never happened.

There's literally no arguing with that kind of obtuse denial of reality.

So instead tell me... what is your exact objection to basing a worker's wage solely upon the value of that worker's work?