Minimum Wage --Prevents-- Wealth Acquisition!

[Dad2three]

You think employers should pay more than they can earn on an employee? °Sure, let's all make the same wage, as long as it is a living wage. God forbid it forces prices higher and wipes out any benefit to the employee, and incentive for anyone to better themselves.

I support increasing the minimum wage. Some people who make minimum wage STILL have to collect taxpayer funded benefits. Meanwhile, the employers get off scot free, and we taxpayers have to pick up the slack for these cheap bastards.

IF they can't compete, go out of Biz. Smart Biz knows how to compete!

 

[Dad2three]

States with Minimum Wages above the Federal Level have had Faster Small Business and Retail Job Growth
http://www.fiscalpolicy.org/FPISmallBusinessMinWage.pdf

 

[Dad2three]

Burger King and McDonald's Pay Fast Food Workers $20 an Hour in Denmark


Enough to pay their bills, save some money and even go out with friends. Why can't we do that here?


Burger King and McDonald's Pay Fast Food Workers $20 an Hour in Denmark

 

[Wyatt earp]

Burger King and McDonald's Pay Fast Food Workers $20 an Hour in Denmark


Enough to pay their bills, save some money and even go out with friends. Why can't we do that here?


Burger King and McDonald's Pay Fast Food Workers $20 an Hour in Denmark

It is an irrelevant number fruit cake, since the cost of living is 18% higher.

By the way they have no minimum wage law



Cost Of Living Comparison Between United States And Denmark

 

[CultureCitizen]

We don't know how things might have been had we never adopted minimum wages.

Well , we can compare to other countries ( see links ) , but the results are all over the board.
Germany was doing fine without one, but it has tons of wealth transfer programs and unions.
Using wiki I constructed a table , to try to find any correlation. My conclusions ( taken with a healthy dose of skepticism given the helter skelter approach ).

1) It is useless to try to force the minimum wage above 75% of the average wage. That will ASUREDLY hurt the employment (India seems to be doing alright with a whooping 72%).

2) A minimum wage between 20% (bangladesh) and 45% (india) seems to have no negative impact on growth.

3) The US with a minimum wage to per capita gdp ratio of 27% should be able to rise the minimum wage a 10% to 15% without an adverse effect on economy.


Table:
( copy and paste into a text file, then import to excel )
Country|Anual Minimum|avg wage month|Average wage yr|Ratio|Per capita gdp ppp|monthly|avg to gdp|min to gdp|growth 10-14
Mexico|2246|609|7308|0.307334428024083|17881|1490.08333333333|0.408701974162519|0.125608187461551|0.9
United States|15080|3263|39156|0.385126162018592|54597|4549.75|0.71718226276169|0.276205652325219|1.6
China|4134|656|7872|0.52515243902439|12880|1073.33333333333|0.611180124223603|0.320962732919255|6.8
South Korea|12667|2903|34836|0.363618096222299|35400|2950|0.98406779661017|0.357824858757062|2.9
Israel|12931|1804|21648|0.597330007390983|32691|2724.25|0.662200605671286|0.395552292679943|0.8
Peru|5488|268|3216|1.70646766169154|11817|984.75|0.272150291952272|0.464415672336464|1
Australia|22007|2610|31320|0.70265006385696|46433|3869.41666666667|0.67452027652747|0.473951715374841|0.9
Germany|21771|2720|32640|0.667003676470588|45888|3824|0.711297071129707|0.474437761506276|1.3
Thailand|7150|489|5868|1.2184730743013|14354|1196.16666666667|0.408805907760903|0.498118991221959|0.4
India|2551|295|3540|0.720621468926554|5855|487.916666666667|0.604611443210931|0.435695986336465|6.1






http://www.globalpost.com/dispatch/...2/minimum-wage-around-world-salary-employment
List of countries by average wage - Wikipedia, the free encyclopedia

Minimum wage in China - Wikipedia, the free encyclopedia

 

[Dad2three]

Burger King and McDonald's Pay Fast Food Workers $20 an Hour in Denmark


Enough to pay their bills, save some money and even go out with friends. Why can't we do that here?


Burger King and McDonald's Pay Fast Food Workers $20 an Hour in Denmark

It is an irrelevant number fruit cake, since the cost of living is 18% higher.

By the way they have no minimum wage law



Cost Of Living Comparison Between United States And Denmark

18% higher costs and their wage is 250% higher than the US? lol

Weird they have that high of pay for fast food Comps right? Those evil unions right?

 

[Boss]

Well , we can compare to other countries ( see links )

These are not free market, free enterprise countries.

 

[Dad2three]

Well , we can compare to other countries ( see links )

These are not free market, free enterprise countries.

Just like the US AND every other nation in the world. Go figure

 

[CultureCitizen]

Well , we can compare to other countries ( see links )

These are not free market, free enterprise countries.

Hmm ... Germany , Israel and Australia all make it to my list of free market , free enterprise countries.

If they are not in your likst, would like to ellaborate why ?

 

[Boss]

THEY SET A FLOOR, NOT A CEILING DUMMY!

You THINK they set a floor. What they set was a baseline. They removed labor from being priced according to laws of supply and demand and applied a standardized baseline rate for labor. This limits the ability of the individual to negotiate higher wages. The cost of living increases but the baseline rate remains unchanged and employers have the excuse they need to not increase wages.

If there were no artificial baseline, the increase in cost of living and common reasoning would pressure them into increasing wages to keep their employees happy. As it stands, they wait until the government raises the minimum wage (or baseline.) Over time, big corporations have benefited greatly by having this built-in reason to avoid raising pay rates.

Now you can post all the propaganda about how it doesn't "harm jobs" to raise the minimum wage but your surveys and sources are simply wrong. It always eliminates jobs when you increase the minimum wage. Another thing it always does is increase the cost of living. If you make $7.50 hr. and a pizza costs $7.50, how is this different than making $15 hr. and a pizza costing $15? All you've done is raise the prices of everything.

There is a very good reason modern day liberal democrats are still lamenting the same exact words of FDR some 82 years later....

"No business which depends for existence on paying less than living wages to its workers has any right to continue in this country." ~FDR circa 1933

The reason this remains the mantra of the left is because it doesn't work. There is no such thing as "living wage" it's chasing your tail. We should call it the "chasing your tail wage" and be done with it. That's all you'll ever accomplish with it.

 

[Boss]

Well , we can compare to other countries ( see links )

These are not free market, free enterprise countries.

Hmm ... Germany , Israel and Australia all make it to my list of free market , free enterprise countries.

If they are not in your likst, would like to ellaborate why ?

What exactly are you trying to argue?

The OP is regarding how an artificial baseline on cost of labor is not beneficial to individuals in the long run because it removes their ability to negotiate.

We don't know what the outcome might have been over the course of the last 82 years if we hadn't adopted the Minimum Wage and started chasing our tails. There is no other country to look to. We're talking hypothetical scenarios here. Had we embarked on a different strategy back in 1933, we may very well have seen fairer wages and less inflation today.

 

[Boss]

Burger King and McDonald's Pay Fast Food Workers $20 an Hour in Denmark


Enough to pay their bills, save some money and even go out with friends. Why can't we do that here?


Burger King and McDonald's Pay Fast Food Workers $20 an Hour in Denmark

It is an irrelevant number fruit cake, since the cost of living is 18% higher.

By the way they have no minimum wage law



Cost Of Living Comparison Between United States And Denmark

18% higher costs and their wage is 250% higher than the US? lol

Weird they have that high of pay for fast food Comps right? Those evil unions right?

Denmark- Population 5.6 mil
About the size of Maine.

 

[Freemason9]

The minimum wage is a moot point. When Trump deports all undocumented immigrants and builds his wall, wages are going to skyrocket everywhere as jobs go unfilled, fruit is unharvested, and construction projects come to a halt.

So don't worry about minimum wages, OP. Worry about the future supply/demand relationship of labor costs.

LOL

 

[EdwardBaiamonte]

. When Trump deports all undocumented immigrants and builds his wall, wages are going to skyrocket everywhere as jobs go unfilled,
LOL

see how perfectly 100% stupid a liberal is!!! to a liberal sky rocketing wages and o% unemployment is a bad thing!!!

 

[EdwardBaiamonte]

Burger King and McDonald's Pay Fast Food Workers $20 an Hour in Denmark


Enough to pay their bills, save some money and even go out with friends. Why can't we do that here?


Burger King and McDonald's Pay Fast Food Workers $20 an Hour in Denmark

It is an irrelevant number fruit cake, since the cost of living is 18% higher.

By the way they have no minimum wage law



Cost Of Living Comparison Between United States And Denmark

18% higher costs and their wage is 250% higher than the US? lol

Weird they have that high of pay for fast food Comps right? Those evil unions right?

Europe averages 10% unemployment thanks to the disincentives to work and hire. France, a representative European country, has the per capita income of Arkansas thanks to the liberal disincentives to work and hire.

 

[Dad2three]

THEY SET A FLOOR, NOT A CEILING DUMMY!

You THINK they set a floor. What they set was a baseline. They removed labor from being priced according to laws of supply and demand and applied a standardized baseline rate for labor. This limits the ability of the individual to negotiate higher wages. The cost of living increases but the baseline rate remains unchanged and employers have the excuse they need to not increase wages.

If there were no artificial baseline, the increase in cost of living and common reasoning would pressure them into increasing wages to keep their employees happy. As it stands, they wait until the government raises the minimum wage (or baseline.) Over time, big corporations have benefited greatly by having this built-in reason to avoid raising pay rates.

Now you can post all the propaganda about how it doesn't "harm jobs" to raise the minimum wage but your surveys and sources are simply wrong. It always eliminates jobs when you increase the minimum wage. Another thing it always does is increase the cost of living. If you make $7.50 hr. and a pizza costs $7.50, how is this different than making $15 hr. and a pizza costing $15? All you've done is raise the prices of everything.

There is a very good reason modern day liberal democrats are still lamenting the same exact words of FDR some 82 years later....

"No business which depends for existence on paying less than living wages to its workers has any right to continue in this country." ~FDR circa 1933

The reason this remains the mantra of the left is because it doesn't work. There is no such thing as "living wage" it's chasing your tail. We should call it the "chasing your tail wage" and be done with it. That's all you'll ever accomplish with it.

Libertarian "theory" NOT based in ANY historical proof. Weird right?


"It is but equity...that they who feed, clothe and lodge the whole body of the people, should have such a share of the produce of their own labor as to be themselves tolerably well fed, clothed and lodged."-Adam Smith, The Wealth of Nations, 1776




ONE POLICY that CONservatives/Libertarians have EVER been on the correct side of US history?



lol

Wingnuts "think" a floor is bad, but think labor costs DOUBLING equate to doubling the price of goods? LOL

 

[Dad2three]

Burger King and McDonald's Pay Fast Food Workers $20 an Hour in Denmark


Enough to pay their bills, save some money and even go out with friends. Why can't we do that here?


Burger King and McDonald's Pay Fast Food Workers $20 an Hour in Denmark

It is an irrelevant number fruit cake, since the cost of living is 18% higher.

By the way they have no minimum wage law



Cost Of Living Comparison Between United States And Denmark

18% higher costs and their wage is 250% higher than the US? lol

Weird they have that high of pay for fast food Comps right? Those evil unions right?

Europe averages 10% unemployment thanks to the disincentives to work and hire. France, a representative European country, has the per capita income of Arkansas thanks to the liberal disincentives to work and hire.

Low info Ed can't keep to the context of the posit? Shocking

 

[Dad2three]

Burger King and McDonald's Pay Fast Food Workers $20 an Hour in Denmark


Enough to pay their bills, save some money and even go out with friends. Why can't we do that here?


Burger King and McDonald's Pay Fast Food Workers $20 an Hour in Denmark

It is an irrelevant number fruit cake, since the cost of living is 18% higher.

By the way they have no minimum wage law



Cost Of Living Comparison Between United States And Denmark

18% higher costs and their wage is 250% higher than the US? lol

Weird they have that high of pay for fast food Comps right? Those evil unions right?

Denmark- Population 5.6 mil
About the size of Maine.

AND? Weird they have unions to blame right? How about Australia? NZ? THE ENTIRE EU HAS A HIGHER MIN WAGE. Weird right Bubs?

BUT lets go back to YOUR posit that a 250% INCREASE in min wage when there is an 18% higher cost of living is somehow bad? lol

 

[EdwardBaiamonte]

Libertarian "theory" NOT based in ANY historical proof. Weird right?

100% stupid of course. America was libertarian and the greatest in human history while USSR and Red China were liberal and worst in human history!!

See why we say dumbto3??

 

[EdwardBaiamonte]

Burger King and McDonald's Pay Fast Food Workers $20 an Hour in Denmark


Enough to pay their bills, save some money and even go out with friends. Why can't we do that here?


Burger King and McDonald's Pay Fast Food Workers $20 an Hour in Denmark

It is an irrelevant number fruit cake, since the cost of living is 18% higher.

By the way they have no minimum wage law



Cost Of Living Comparison Between United States And Denmark

18% higher costs and their wage is 250% higher than the US? lol

Weird they have that high of pay for fast food Comps right? Those evil unions right?

Europe averages 10% unemployment thanks to the disincentives to work and hire. France, a representative European country, has the per capita income of Arkansas thanks to the liberal disincentives to work and hire.

Low info Ed can't keep to the context of the posit? Shocking

Europe averages 10% unemployment thanks to the disincentives to work and hire. France, a representative European country, has the per capita income of Arkansas, our [poorest state] thanks to the liberal disincentives to work and hire.