Minimum Wage Increase: They Never Talks About the SALES

[prison/con.net]

right, just print a few more trillions of $, wtf not just make the $ completely worthless? it's only worth 1.5c now.

 

[danielpalos]

right, just print a few more trillions of $, wtf not just make the $ completely worthless? it's only worth 1.5c now.

Only bad Capitalists can't make more money with an official Mint at heir disposal.

 

[protectionist]

I also told you this:

Are you trying to be laughed out of this thread, or what ? You point to the '08 recession, and then try to pin it on the minimum wage. HA HA HA.. You can go home now.

 

[LOki]

I don't understand how you can be so dense. The economic benefits of raising the minimum wage would occur because the change would happen in the entire economy. Overall, a good portion of the economy would have more disposable income, so yeah, business in general would see an increase in demand.

Overall, a good portion of the economy would have more disposable income, so yeah, business in general would see an increase in demand.

And the increase still leaves them less profitable.

It would initially, yes, but over time the huge boom in consumer spending would change that.

Yea, it would make it better. People with money buy stuff. Who doesn't know that?

When the purchasing power of those already making the proposed wage see all thier costs rise they will not be able to buy as much will they?

So you make it possible for a few people to buy more (maybe) and you reduce the purchasing power of everyone else.

Supply and demand is what makes the price of goods rise. If no one wants it, no one will buy it.

There are people here in denial of the economic reality that if you raise prices, you lower demand.

Fascinating.

 

[dblack]

That's exactly what MW laws are all about.

Workers don't exist to be personal slaves. And no one is forced to hire workers. You don't wanna pay em, do the work yourself. Or get family members to volunteer their time to better your business. Workers are people too. They have bills and families to support.

Yeah I hear ya. The idea is to temporarily jack up labor costs for leaner businesses to shut them down.

You can't pay someone Minimum Wage, you're out. Sorry, but it just wasn't meant to be for you. No one is forced to hire workers. That's a choice. Don't wanna pay, just shut up and do the work yourself. Quit ya bitchin.

Eventually there will be only large, wealthy corporations, deeply embedded with government, and 'employees'. And you talk about slavery.

I'm afraid that's already the case for the most part. That ship has sailed. But the Corporations can afford to pay Minimum Wage. They'll be fine. I assure you, the Walton Family will still be able to afford their 20th luxury yacht this year.

Why do you want to ensure the Walton Family can afford yachts? Not everyone serves the corporations. Some are still fighting the good fight. And fools like you are selling them out for a pat on the head.

 

[dblack]

So you're saying that labor costs have nothing to do with the price of goods and services?

So why don't you open a popcorn business and pay everyone 15 an hour and only sell your popcorn for 50 cents a bag?

Let's see how long you last.

If you can't pay someone Minimum Wage, either do the work yourself, or close up shop. No one forces anyone to hire workers.

Why is it you never answer a direct question I ask you?

Let's try again

Why is it you believe that one 40 hour a week job has to pay anyone enough to cover all their living expenses?

When I was young and inexperienced I worked one full time job and at least one other part time job to earn enough to pay my bills I didn't need any food stamps or any other charity.

Here's question 2

Do you think labor costs have a direct correlation to the cost of the products or services offered by a business?

So now answer these and we can continue if you refuse to answer then we're done here

Seriously, you can't pay someone Minimum Wage, just shut up and do the work yourself. Workers aren't your personal slaves. They have bills and families to take of too. They don't exist to make you wealthier. That's your responsibility.

But my business exists to pay them right?

You make the call on hiring workers. No one forces you to. If you can't do the work yourself, and don't wanna pay, oh well too bad for you. Time to close shop. Adios Amigo.

Is your last name, perchance, Walton?

 

[LOki]

I also told you this:

Are you trying to be laughed out of this thread, or what ? You point to the '08 recession, and then try to pin it on the minimum wage. HA HA HA.. You can go home now.

So. You don't like.

It's OK.

Why don't you explain to us why you object to simply basing a worker's wages upon what that worker's work is worth.

 

[dblack]

If you can't afford to pay someone Minimum Wage, you don't belong in business. It's real simple in the end, either you do the work yourself, or shut it down.

That's exactly what MW laws are all about.

Workers don't exist to be personal slaves. And no one is forced to hire workers. You don't wanna pay em, do the work yourself. Or get family members to volunteer their time to better your business. Workers are people too. They have bills and families to support.

Agreed. The problem is, none of that matters. None of it.

You can't pay a worker, more than the value of their labor.

Who determines the value of the labor? The customer.

If I'm not willing to pay $50 to have my lawn mowed, then you can't pay the worker $50 to mow the law.

"But they have bills!"

Doesn't matter.

"But they have families!"

Don't care.

"But but HEALTH INSURANCE?!?"

Makes no difference.

The largest cost in most businesses is labor, and thus prices tend to follow the cost of labor. I've certainly seen that in my time. A burrito at Chipotle used to be $4.75, and now it's $6.50. That's a significant increase, that closely follows the increase in the minimum wage.

But eventually, people start choosing alternatives, in relation to price. Again, I've done this. I rarely go to Chipotle anymore, specifically because of the price.

Every business, must inherently, pass all costs onto consumers. As the prices goes up, buying goes down. At some point one of two things happens. Either people are replaced by kiosks, which McDonald's has been pioneering, or they close as we have documented in Seattle.

This is where they ostrich up good.

 

[dblack]

right, just print a few more trillions of $, wtf not just make the $ completely worthless? it's only worth 1.5c now.

Only bad Capitalists can't make more money with an official Mint at heir disposal.

The "Capitalists" are responsible for the minimum wage scam in the first place. It makes them money. It hampers competition and devalues the currency

 

[Care4all]

if only 4-6% of the workers in this nation are paid minimum wage, then they are only producing about 6% of the Nations GDP, 94% is produced by mostly much higher paid workers....

And if 50% of those making minimum wage, work in the fast food/restaurant business, then only 2-3% of all minimum wage workers produce other things.

Even with having to raise those additional people making close to the $10 an hour that Congress wants to raise the minimum wage to, we will see very little, if any rise at all in inflation. Numbers talk.

And this is why, if done in increments, raising the minimum wage HAS NEVER had a measurable effect on inflation.

All of these wild examples and wild speculations is simply B.S.

There are exceptions for small businesses with 50-100 employees or less, where they can take several more years to raise their minimum wage earners.

If a company has as many as 100 employees as Skull Pilot mentioned, it is a fairly large company and not all of their employees are at minimum wage...they probably have very few people at minimum wage, unless they have a huge turn over rate in employees and pay out the kazoo for constant training of new employees, and unless this multi million dollar company has no upper management and no middle management and no comptroller and no accountant and no administrative assistants and no receptionist, and no other workers than the new hires they hire off the street at minimum. This is HIGHLY UNLIKELY.

I am not denying that there will be some exceptions, where a pizzeria that is not performing profitably as they sit, and an increase in minimum wage could lead to their going out of business EARLIER than they would have eventually gone out of business....BUT the customers who were going to the hurting Pizzeria, will end up going to the other Pizzeria a few blocks or a mile away, and THAT business will have an increase in sales and have the need to hire more people....the very people that lost their jobs at the hurting Pizzeria could be hired by the Pizzeria down the road....

This is not the end of the world, this is not an inflation breaker, and this is not an unemployment increaser, and this is not a business breaker either....with very few exceptions.

 

[rdean]

There is a lot of pent up demand right now. People want to buy but they have no money. Getting more cash into the hands of lower income workers would boost sales.

Minimum wage or below with no benefits is not the way to do it.

 

[LOki]

if only 4-6% of the workers in this nation are paid minimum wage, then they are only producing about 6% of the Nations GDP, 94% is produced by mostly much higher paid workers....

And if 50% of those making minimum wage, work in the fast food/restaurant business, then only 2-3% of all minimum wage workers produce other things.

Even with having to raise those additional people making close to the $10 an hour that Congress wants to raise the minimum wage to, we will see very little, if any rise at all in inflation. Numbers talk.

And this is why, if done in increments, raising the minimum wage HAS NEVER had a measurable effect on inflation.

All of these wild examples and wild speculations is simply B.S.

There are exceptions for small businesses with 50-100 employees or less, where they can take several more years to raise their minimum wage earners.

If a company has as many as 100 employees as Skull Pilot mentioned, it is a fairly large company and not all of their employees are at minimum wage...they probably have very few people at minimum wage, unless they have a huge turn over rate in employees and pay out the kazoo for constant training of new employees, and unless this multi million dollar company has no upper management and no middle management and no comptroller and no accountant and no administrative assistants and no receptionist, and no other workers than the new hires they hire off the street at minimum. This is HIGHLY UNLIKELY.

I am not denying that there will be some exceptions, where a pizzeria that is not performing profitably as they sit, and an increase in minimum wage could lead to their going out of business EARLIER than they would have eventually gone out of business....BUT the customers who were going to the hurting Pizzeria, will end up going to the other Pizzeria a few blocks or a mile away, and THAT business will have an increase in sales and have the need to hire more people....the very people that lost their jobs at the hurting Pizzeria could be hired by the Pizzeria down the road....

This is not the end of the world, this is not an inflation breaker, and this is not an unemployment increaser, and this is not a business breaker either....with very few exceptions.

Neato.

Why don't you explain to us why you object to simply basing a worker's wages upon what that worker's work is worth?

 

[rdean]

if only 4-6% of the workers in this nation are paid minimum wage, then they are only producing about 6% of the Nations GDP, 94% is produced by mostly much higher paid workers....

And if 50% of those making minimum wage, work in the fast food/restaurant business, then only 2-3% of all minimum wage workers produce other things.

Even with having to raise those additional people making close to the $10 an hour that Congress wants to raise the minimum wage to, we will see very little, if any rise at all in inflation. Numbers talk.

And this is why, if done in increments, raising the minimum wage HAS NEVER had a measurable effect on inflation.

All of these wild examples and wild speculations is simply B.S.

There are exceptions for small businesses with 50-100 employees or less, where they can take several more years to raise their minimum wage earners.

If a company has as many as 100 employees as Skull Pilot mentioned, it is a fairly large company and not all of their employees are at minimum wage...they probably have very few people at minimum wage, unless they have a huge turn over rate in employees and pay out the kazoo for constant training of new employees, and unless this multi million dollar company has no upper management and no middle management and no comptroller and no accountant and no administrative assistants and no receptionist, and no other workers than the new hires they hire off the street at minimum. This is HIGHLY UNLIKELY.

I am not denying that there will be some exceptions, where a pizzeria that is not performing profitably as they sit, and an increase in minimum wage could lead to their going out of business EARLIER than they would have eventually gone out of business....BUT the customers who were going to the hurting Pizzeria, will end up going to the other Pizzeria a few blocks or a mile away, and THAT business will have an increase in sales and have the need to hire more people....the very people that lost their jobs at the hurting Pizzeria could be hired by the Pizzeria down the road....

This is not the end of the world, this is not an inflation breaker, and this is not an unemployment increaser, and this is not a business breaker either....with very few exceptions.

The median "Household" income is 50 grand, but the median income is 25 grand. If you want kids, that's not very much money. If America doesn't support other Americans with food stamps and health care and so on, there won't be an America. We will be more like Italy. A country that has an aging population that's aging faster than they can be replaced.
So Republicans will say, "But what about all those immigrants having lots of children. Yea, the difference is they help each other, something Republicans don't want to do. It's the GOP own meanness and selfishness that will do them in.

 

[dblack]

if only 4-6% of the workers in this nation are paid minimum wage, then they are only producing about 6% of the Nations GDP, 94% is produced by mostly much higher paid workers....

And if 50% of those making minimum wage, work in the fast food/restaurant business, then only 2-3% of all minimum wage workers produce other things.

Even with having to raise those additional people making close to the $10 an hour that Congress wants to raise the minimum wage to, we will see very little, if any rise at all in inflation. Numbers talk.

And this is why, if done in increments, raising the minimum wage HAS NEVER had a measurable effect on inflation.

All of these wild examples and wild speculations is simply B.S.

There are exceptions for small businesses with 50-100 employees or less, where they can take several more years to raise their minimum wage earners.

If a company has as many as 100 employees as Skull Pilot mentioned, it is a fairly large company and not all of their employees are at minimum wage...they probably have very few people at minimum wage, unless they have a huge turn over rate in employees and pay out the kazoo for constant training of new employees, and unless this multi million dollar company has no upper management and no middle management and no comptroller and no accountant and no administrative assistants and no receptionist, and no other workers than the new hires they hire off the street at minimum. This is HIGHLY UNLIKELY.

I am not denying that there will be some exceptions, where a pizzeria that is not performing profitably as they sit, and an increase in minimum wage could lead to their going out of business EARLIER than they would have eventually gone out of business....BUT the customers who were going to the hurting Pizzeria, will end up going to the other Pizzeria a few blocks or a mile away, and THAT business will have an increase in sales and have the need to hire more people....the very people that lost their jobs at the hurting Pizzeria could be hired by the Pizzeria down the road....

This is not the end of the world, this is not an inflation breaker, and this is not an unemployment increaser, and this is not a business breaker either....with very few exceptions.

So, in other words, as long as minimum wage increases are minimal, they'll have minimal impact. Agreed.

 

[OKTexas]

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%.

Why don't they talk about sales, because it's not enough money to make any difference in the grand scheme of things. If you doubled the minimum wage it would only add about $367.68 million pre-tax dollars to the economy, that means squat to a $14.5 trillion dollar economy.

 

[rdean]

if only 4-6% of the workers in this nation are paid minimum wage, then they are only producing about 6% of the Nations GDP, 94% is produced by mostly much higher paid workers....

And if 50% of those making minimum wage, work in the fast food/restaurant business, then only 2-3% of all minimum wage workers produce other things.

Even with having to raise those additional people making close to the $10 an hour that Congress wants to raise the minimum wage to, we will see very little, if any rise at all in inflation. Numbers talk.

And this is why, if done in increments, raising the minimum wage HAS NEVER had a measurable effect on inflation.

All of these wild examples and wild speculations is simply B.S.

There are exceptions for small businesses with 50-100 employees or less, where they can take several more years to raise their minimum wage earners.

If a company has as many as 100 employees as Skull Pilot mentioned, it is a fairly large company and not all of their employees are at minimum wage...they probably have very few people at minimum wage, unless they have a huge turn over rate in employees and pay out the kazoo for constant training of new employees, and unless this multi million dollar company has no upper management and no middle management and no comptroller and no accountant and no administrative assistants and no receptionist, and no other workers than the new hires they hire off the street at minimum. This is HIGHLY UNLIKELY.

I am not denying that there will be some exceptions, where a pizzeria that is not performing profitably as they sit, and an increase in minimum wage could lead to their going out of business EARLIER than they would have eventually gone out of business....BUT the customers who were going to the hurting Pizzeria, will end up going to the other Pizzeria a few blocks or a mile away, and THAT business will have an increase in sales and have the need to hire more people....the very people that lost their jobs at the hurting Pizzeria could be hired by the Pizzeria down the road....

This is not the end of the world, this is not an inflation breaker, and this is not an unemployment increaser, and this is not a business breaker either....with very few exceptions.

Neato.

Why don't you explain to us why you object to simply basing a worker's wages upon what that worker's work is worth?

Because most employers don't pay what the worker is worth, but what they can get away with paying. How can you not know that? It's so obvious.

 

[rdean]

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%.

Why don't they talk about sales, because it's not enough money to make any difference in the grand scheme of things. If you doubled the minimum wage it would only add about $367.68 million pre-tax dollars to the economy, that means squat to a $14.5 trillion dollar economy.

Except money like that grows exponentially. Someone buys something and that something needed paint and all the people the paint industry employs, and it needed plastic and all the people that industry employs, and it needed brass screws and all the people that industry employs. See? It's not limited to the cash that group is spending. It forks out to lots of other people who supply stuff.

 

[rdean]

if only 4-6% of the workers in this nation are paid minimum wage, then they are only producing about 6% of the Nations GDP, 94% is produced by mostly much higher paid workers....

And if 50% of those making minimum wage, work in the fast food/restaurant business, then only 2-3% of all minimum wage workers produce other things.

Even with having to raise those additional people making close to the $10 an hour that Congress wants to raise the minimum wage to, we will see very little, if any rise at all in inflation. Numbers talk.

And this is why, if done in increments, raising the minimum wage HAS NEVER had a measurable effect on inflation.

All of these wild examples and wild speculations is simply B.S.

There are exceptions for small businesses with 50-100 employees or less, where they can take several more years to raise their minimum wage earners.

If a company has as many as 100 employees as Skull Pilot mentioned, it is a fairly large company and not all of their employees are at minimum wage...they probably have very few people at minimum wage, unless they have a huge turn over rate in employees and pay out the kazoo for constant training of new employees, and unless this multi million dollar company has no upper management and no middle management and no comptroller and no accountant and no administrative assistants and no receptionist, and no other workers than the new hires they hire off the street at minimum. This is HIGHLY UNLIKELY.

I am not denying that there will be some exceptions, where a pizzeria that is not performing profitably as they sit, and an increase in minimum wage could lead to their going out of business EARLIER than they would have eventually gone out of business....BUT the customers who were going to the hurting Pizzeria, will end up going to the other Pizzeria a few blocks or a mile away, and THAT business will have an increase in sales and have the need to hire more people....the very people that lost their jobs at the hurting Pizzeria could be hired by the Pizzeria down the road....

This is not the end of the world, this is not an inflation breaker, and this is not an unemployment increaser, and this is not a business breaker either....with very few exceptions.

So, in other words, as long as minimum wage increases are minimal, they'll have minimal impact. Agreed.

See 1037.

 

[OKTexas]

if only 4-6% of the workers in this nation are paid minimum wage, then they are only producing about 6% of the Nations GDP, 94% is produced by mostly much higher paid workers....

And if 50% of those making minimum wage, work in the fast food/restaurant business, then only 2-3% of all minimum wage workers produce other things.

Even with having to raise those additional people making close to the $10 an hour that Congress wants to raise the minimum wage to, we will see very little, if any rise at all in inflation. Numbers talk.

And this is why, if done in increments, raising the minimum wage HAS NEVER had a measurable effect on inflation.

All of these wild examples and wild speculations is simply B.S.

There are exceptions for small businesses with 50-100 employees or less, where they can take several more years to raise their minimum wage earners.

If a company has as many as 100 employees as Skull Pilot mentioned, it is a fairly large company and not all of their employees are at minimum wage...they probably have very few people at minimum wage, unless they have a huge turn over rate in employees and pay out the kazoo for constant training of new employees, and unless this multi million dollar company has no upper management and no middle management and no comptroller and no accountant and no administrative assistants and no receptionist, and no other workers than the new hires they hire off the street at minimum. This is HIGHLY UNLIKELY.

I am not denying that there will be some exceptions, where a pizzeria that is not performing profitably as they sit, and an increase in minimum wage could lead to their going out of business EARLIER than they would have eventually gone out of business....BUT the customers who were going to the hurting Pizzeria, will end up going to the other Pizzeria a few blocks or a mile away, and THAT business will have an increase in sales and have the need to hire more people....the very people that lost their jobs at the hurting Pizzeria could be hired by the Pizzeria down the road....

This is not the end of the world, this is not an inflation breaker, and this is not an unemployment increaser, and this is not a business breaker either....with very few exceptions.

Neato.

Why don't you explain to us why you object to simply basing a worker's wages upon what that worker's work is worth?

Because most employers don't pay what the worker is worth, but what they can get away with paying. How can you not know that? It's so obvious.

So obvious to someone who has never signed the front side of a paycheck.

 

[dblack]

if only 4-6% of the workers in this nation are paid minimum wage, then they are only producing about 6% of the Nations GDP, 94% is produced by mostly much higher paid workers....

And if 50% of those making minimum wage, work in the fast food/restaurant business, then only 2-3% of all minimum wage workers produce other things.

Even with having to raise those additional people making close to the $10 an hour that Congress wants to raise the minimum wage to, we will see very little, if any rise at all in inflation. Numbers talk.

And this is why, if done in increments, raising the minimum wage HAS NEVER had a measurable effect on inflation.

All of these wild examples and wild speculations is simply B.S.

There are exceptions for small businesses with 50-100 employees or less, where they can take several more years to raise their minimum wage earners.

If a company has as many as 100 employees as Skull Pilot mentioned, it is a fairly large company and not all of their employees are at minimum wage...they probably have very few people at minimum wage, unless they have a huge turn over rate in employees and pay out the kazoo for constant training of new employees, and unless this multi million dollar company has no upper management and no middle management and no comptroller and no accountant and no administrative assistants and no receptionist, and no other workers than the new hires they hire off the street at minimum. This is HIGHLY UNLIKELY.

I am not denying that there will be some exceptions, where a pizzeria that is not performing profitably as they sit, and an increase in minimum wage could lead to their going out of business EARLIER than they would have eventually gone out of business....BUT the customers who were going to the hurting Pizzeria, will end up going to the other Pizzeria a few blocks or a mile away, and THAT business will have an increase in sales and have the need to hire more people....the very people that lost their jobs at the hurting Pizzeria could be hired by the Pizzeria down the road....

This is not the end of the world, this is not an inflation breaker, and this is not an unemployment increaser, and this is not a business breaker either....with very few exceptions.

Neato.

Why don't you explain to us why you object to simply basing a worker's wages upon what that worker's work is worth?

Because most employers don't pay what the worker is worth, but what they can get away with paying. How can you not know that? It's so obvious.

They pay what the labor is worth, not what the worker is worth. The amount their labor is worth is agreed to by both the employer and the employee. Do you understand that? Neither can compel the other into an employment agreement. If either the employee, or the employer, don't feel the wage is appropriate, they can walk away.