Raising to $15 minimum wage means more Federal TAX revenue!!!

[ClosedCaption]

1. virtually no one is paid minimum wage

1. But people are paid min wage because the min wage exists. Do you think they pay the very least required by law because they are nice or because they'll violate law if they didn't

Most people earn minimum wage when they are starting out and have no skills. All the minimum wage really does for them is make the leash shorter for them to get up to speed and prove themselves. The other minimum wage workers are those who are unreliable and low performers. The minimum wage makes sure they remain unemployed and vote for Democrats.

Ok at some point you have to stop and admit that what I'm saying is correct before moving to some point I never made.

Companies pay ppl min wage because they HAVE TO BY LAW. If they didn't have to under penalty of law they wouldn't. That's why it was created in the first place

 

[healthmyths]

Most people earn minimum wage when they are starting out and have no skills. All the minimum wage really does for them is make the leash shorter for them to get up to speed and prove themselves. The other minimum wage workers are those who are unreliable and low performers. The minimum wage makes sure they remain unemployed and vote for Democrats.

You're willing to eat food prepared by someone who is stupid and unreliable?

I don't know, where do you work?

I thought we were talking about the people taking the orders though. I doubt many cooks make minimum wage even in a fast food restaurant. None of the cooks in my restaurant ever earned minimum wage.

Again.. as my original thread shows:
of the 3.8 million making minimum wage nearly 2 million are under 24 years old.
How many of those 24 year olds probably still live at home or have a 2nd job?

How many are cooks in restaurants???
FACTS...
Together, these 3.8 million workers with wages at or below the Federal minimum made up 5.2 percent of all hourly-paid workers.
Characteristics of Minimum Wage Workers: 2011

 

[kaz]

1. But people are paid min wage because the min wage exists. Do you think they pay the very least required by law because they are nice or because they'll violate law if they didn't

Most people earn minimum wage when they are starting out and have no skills. All the minimum wage really does for them is make the leash shorter for them to get up to speed and prove themselves. The other minimum wage workers are those who are unreliable and low performers. The minimum wage makes sure they remain unemployed and vote for Democrats.

Ok at some point you have to stop and admit that what I'm saying is correct before moving to some point I never made.

Companies pay ppl min wage because they HAVE TO BY LAW. If they didn't have to under penalty of law they wouldn't. That's why it was created in the first place

Actually I directly addressed that point. Companies pay people what they are worth, not what politicians want us to pay. Which means that if you are not worth minimum wage, you don't have a job. And if you are worth minimum wage, you are getting paid what you would be paid anyway. As I said, that means for new employees they are put on a short leash to prove they are worth minimum wage, and poor workers are unemployed and vote for you.

 

[healthmyths]

I think some our expert economist here at USMB should read this article before making absolutely incorrect statements

The Best Indicator of U.S. Health is Wage Growth (or Lack Thereof
The Best Indicator of U.S. Health is Wage Growth (or Lack Thereof) - MoneyBeat - WSJ
or
More jobs, yes, but wage growth holds up recovery
More jobs, yes, but wage growth holds up recovery - NBC News.com
or
Foroohar: America’s Real Economic Crisis Is Flat Wages
Read more: America's Real Economic Crisis Is Flat Wages | TIME.com America's Real Economic Crisis Is Flat Wages | TIME.com

People do realize that 70% of the US economy is driven by consumer spending and the working class is the largest segment of the consumer class,,right?
Sometimes I wonder, we have economist on this board who are also not part of the working class constantly campaigning to keep wages down, which stalls economic growth. Or maybe they are not economist and are part of the working class. So why do they want to continue flat wages? What about their children, if this trend continues, their children will be in the same boat. Wonderful!

HAS NOTHING TO DO with Minimum WAGE!!!

AGAIN... WHAT advantage will it be if of the In 2011, 73.9 million American workers age 16 and over were paid at hourly rates,
representing 59.1 percent of all wage and salary workers.

Among those paid by the hour, 1.7 million earned exactly the prevailing Federal minimum wage of $7.25 per hour. About 2.2 million had wages below the minimum.
Together, these 3.8 million workers with wages at or below the Federal minimum made up 5.2 percent of all hourly-paid workers.
Characteristics of Minimum Wage Workers: 2011

YOU are suggesting that raising rates on less then 5% of the 73.9 million hourly wage earners WILL drive the economy?

There are 3.8 million people that would be affected!!!
Raising their wages to $16.10 (which INClUDES what employers pay in SS/Medicare...) an hour will drive the economy??
If 3.8 million have 100% more in their pockets and they spend this increase what will it be???
BUT remember easily 30% of those 3.8 million will lose their jobs if McDonalds is the model!

 

[Rozman]

With most unions, union wages all the way up the scale, are also based on the Minimum Wage.

If the Min Wage goes up by 20%, then ALL the union's wages go up by 20%.

They're kinda quiet about that when they are screeching that they're only "for the little guy" while demonstrating and agitiating for a hike in the Minimum Wage.

If the Min Wage goes up by 20%, then ALL the union's wages go up by 20%.

Bingo!

 

[auditor0007]

With most unions, union wages all the way up the scale, are also based on the Minimum Wage.

If the Min Wage goes up by 20%, then ALL the union's wages go up by 20%.

They're kinda quiet about that when they are screeching that they're only "for the little guy" while demonstrating and agitiating for a hike in the Minimum Wage.

Considering average CEO pay forty years ago was only around 20 to 30 times average employee pay and today is closer to 300 times average employee pay, I don't give a shit if everyone's wages go up 20%. It would be about fucking time that workers reaped anything from the over 75% in productivity increases in the past forty years. Instead, employee wages have actually dropped in real dollars. Fucking unbelievable that so many of you believe this is a great thing.

 

[Wyatt earp]

With most unions, union wages all the way up the scale, are also based on the Minimum Wage.

If the Min Wage goes up by 20%, then ALL the union's wages go up by 20%.

They're kinda quiet about that when they are screeching that they're only "for the little guy" while demonstrating and agitiating for a hike in the Minimum Wage.

Considering average CEO pay forty years ago was only around 20 to 30 times average employee pay and today is closer to 300 times average employee pay, I don't give a shit if everyone's wages go up 20%. It would be about fucking time that workers reaped anything from the over 75% in productivity increases in the past forty years. Instead, employee wages have actually dropped in real dollars. Fucking unbelievable that so many of you believe this is a great thing.

Productivity increases is all about automation, robotics. Computers, and the like. Kids today who are designers would have a heart attack if they had to give up there Cad cams and use a board again

 

[Sallow]

Not only will the minimum wage person have to pay 60¢ an hour MORE in Social Security and Medicare tax but so will the employer.
Most people are totally ignorant that employers pay 6.2% in Social security taxes and 1.45% in Medicare taxes.
So the employer is not only faced with $15.00 but another 60¢ per hour in taxes!
So who is the winner? Federal Government! $1.20 per hour in increased tax revenue!

OF course the innovative American employer will not continue to keep these 1.9 million kids !
They'll be able to buy systems like the below and GET depreciation, NO Workman's comp,, NO unemployment taxes... SO yea... LET's LAY off 1.9 million more people!

NO f..king kidding this is a TAX increase for Obama!
But ignorant people like Obama don't seem to understand pictures like this:

View attachment 28645

This is how McDonalds etc. will replace these 1.9 million kids living at home making minimum wage !

Yes, Obama is going Scrooge McDuck on us!


[ame=http://www.youtube.com/watch?v=aPX5mRSQ3pw]Caspa Gilito - Scrooge.mpg - YouTube[/ame]

 

[Kosh]

With most unions, union wages all the way up the scale, are also based on the Minimum Wage.

If the Min Wage goes up by 20%, then ALL the union's wages go up by 20%.

They're kinda quiet about that when they are screeching that they're only "for the little guy" while demonstrating and agitiating for a hike in the Minimum Wage.

Considering average CEO pay forty years ago was only around 20 to 30 times average employee pay and today is closer to 300 times average employee pay, I don't give a shit if everyone's wages go up 20%. It would be about fucking time that workers reaped anything from the over 75% in productivity increases in the past forty years. Instead, employee wages have actually dropped in real dollars. Fucking unbelievable that so many of you believe this is a great thing.

Productivity increases is all about automation, robotics. Computers, and the like. Kids today who are designers would have a heart attack if they had to give up there Cad cams and use a board again

Many get a job because their parents make them and it also gives them something to bitch about on Facebook.

 

[ClosedCaption]

Most people earn minimum wage when they are starting out and have no skills. All the minimum wage really does for them is make the leash shorter for them to get up to speed and prove themselves. The other minimum wage workers are those who are unreliable and low performers. The minimum wage makes sure they remain unemployed and vote for Democrats.

Ok at some point you have to stop and admit that what I'm saying is correct before moving to some point I never made.

Companies pay ppl min wage because they HAVE TO BY LAW. If they didn't have to under penalty of law they wouldn't. That's why it was created in the first place

Actually I directly addressed that point. Companies pay people what they are worth, not what politicians want us to pay. Which means that if you are not worth minimum wage, you don't have a job. And if you are worth minimum wage, you are getting paid what you would be paid anyway. As I said, that means for new employees they are put on a short leash to prove they are worth minimum wage, and poor workers are unemployed and vote for you.

Companies pay ppl what they are can afford. Your entire logic rests in what the company does. If they pay a lot then by golly the person is worth a lot. If they pay them peanuts then obviously its not because the company wants to save money or pay as little as they have too. No sir! Its because companies always do what is right and pay everyone what they are worth.

*I can hear the stupid questions now "What is considered "right"? Why would someone take a job that doesnt pay what they are worth? What is the meaning of life?"

 

[kaz]

ts because companies always do what is right and pay everyone what they are worth.

No, simpleton. Companies pay people what they are worth because of free markets. Overpay, you lose money, underpay, you lose your employee because they have a better opportunity and take it. Stop being such an idiotic dick, this has been explained to you a thousand times. You are a socialist, so you oppose free markets, but address the point and and stop being such a dick and just repeating your idiotic lie. Nobody thinks companies pay people anything because they want to. Free labor markets force them to. That is the point, not your idiotic talking point that no one thinks. Free markets mean that free employees take jobs with free companies at market wages. Only government can skew that and that's because only government can use force.

 

[zeke]

Eliminate the Min wage for which reason:

1. Race to the bottom

or

2. Companies don't take advantage of people anymore

1. virtually no one is paid minimum wage
2. supply and demand set the price of labor, MW sets an artifical floor and hurts job growth.

Yea, but lots get hired in at minimum wage. SO lets see. You want the company to hire at the "market" wage. And they (the company) sets the market. OK. So the company finds an employee who will do for 5 bucks an hour what the company used to pay 8. bucks an hour to get done. IF they get a decent employee for 5 bucks, then they can give him/her a big ass raise to 6 bucks an hour.

Where was the upside for the low wage employee?

I can see the upside for the company.

I'm missing it for the working guy. Point it out to me.

 

[zeke]

ts because companies always do what is right and pay everyone what they are worth.

No, simpleton. Companies pay people what they are worth because of free markets. Overpay, you lose money, underpay, you lose your employee because they have a better opportunity and take it. Stop being such an idiotic dick, this has been explained to you a thousand times. You are a socialist, so you oppose free markets, but address the point and and stop being such a dick and just repeating your idiotic lie. Nobody thinks companies pay people anything because they want to. Free labor markets force them to. That is the point, not your idiotic talking point that no one thinks. Free markets mean that free employees take jobs with free companies at market wages. Only government can skew that and that's because only government can use force.

And where are those good paying other opportunities? If you switch from one fast food joint to another, or hey maybe a coffee shop. Or a retail store. Yes sir big earning potential in those jobs isn't there?

(It's) not like when you could apply for and get some manufacturing job making something the world or the USA needed and get paid a wage you could live and raise a family on.

So I know you repugs are real big on getting that better paying job somewhere. And you all even do a lot of talking about "job creation".

To bad you all are delusional about one and never do anything about the other.

 

[ClosedCaption]

ts because companies always do what is right and pay everyone what they are worth.

No, simpleton. Companies pay people what they are worth because of free markets. Overpay, you lose money, underpay, you lose your employee because they have a better opportunity and take it. Stop being such an idiotic dick, this has been explained to you a thousand times. You are a socialist, so you oppose free markets, but address the point and and stop being such a dick and just repeating your idiotic lie. Nobody thinks companies pay people anything because they want to. Free labor markets force them to. That is the point, not your idiotic talking point that no one thinks. Free markets mean that free employees take jobs with free companies at market wages. Only government can skew that and that's because only government can use force.

And the Company creates the market. Are you really this stupid?

The Company creates the market. The free market (aka the Companies) will determine the wages.

For Example: I have water and the free market (ME) determines how much I can charge. I charge $13 dollars for a cup. Another guy COULD offer water for cheaper lets say $10. He'll get more business than I would depending on a number of factors like location, hours of operation etc. Some other guy offers water for 2 dollars but hes 2 miles away and yells at people.

What you're saying is that every example is charging the "market price" simply because someone is buying it. If all three got together and said they agreed to charge everyone $11 for water now simply because it happens the $11 is the "market". Controlled by the business. No one has to buy my $11 water but everyone else including the guy 2 miles out charges the same thing.

How does any of this help a worker or employee? It doesnt. You believe helping the company will create jobs based on nothing more than "trust me, it'll happen"

Regan always said trust but verify. You're missing part of that belief system

 

[Politico]

Woohoo and we know they would so not misuse that money. Troll on...troll on....

 

[Wyatt earp]

Eliminate the Min wage for which reason:

1. Race to the bottom

or

2. Companies don't take advantage of people anymore

1. virtually no one is paid minimum wage
2. supply and demand set the price of labor, MW sets an artifical floor and hurts job growth.

Yea, but lots get hired in at minimum wage. SO lets see. You want the company to hire at the "market" wage. And they (the company) sets the market. OK. So the company finds an employee who will do for 5 bucks an hour what the company used to pay 8. bucks an hour to get done. IF they get a decent employee for 5 bucks, then they can give him/her a big ass raise to 6 bucks an hour.

Where was the upside for the low wage employee?

I can see the upside for the company.

I'm missing it for the working guy. Point it out to me.

so that kid can get a job, last .I read black teenage UE is at a unheard of 46%. I think someone told me Canada is trying a two teir Minimum Wage. One for teens one for Adults

 

[ClosedCaption]

The entire argument is Companies pay fair wages because the wages they pay are fair

Circular logic is best because circular logic is best because...

 

[zeke]

1. virtually no one is paid minimum wage
2. supply and demand set the price of labor, MW sets an artifical floor and hurts job growth.

Yea, but lots get hired in at minimum wage. SO lets see. You want the company to hire at the "market" wage. And they (the company) sets the market. OK. So the company finds an employee who will do for 5 bucks an hour what the company used to pay 8. bucks an hour to get done. IF they get a decent employee for 5 bucks, then they can give him/her a big ass raise to 6 bucks an hour.

Where was the upside for the low wage employee?

I can see the upside for the company.

I'm missing it for the working guy. Point it out to me.

so that kid can get a job, last .I read black teenage UE is at a unheard of 46%. I think someone told me Canada is trying a two teir Minimum Wage. One for teens one for Adults

WTF are you talking about? Are you drinking already? Or is your comprehension having an off day? Re read what I wrote. Hell, you might of been replying to some one else.

But I'll pretend. Why would I hire a kid or any person for a job that I already have filled or don't need to hire for. Just because I could pay 5 bucks instead of 7.25?

Demand for a companies goods or services creates jobs. Not lower hourly wages.

If Obama came out today and declared that ALL hourly wage earners had to take a pay cut of 2 dollars an hour, two questions;

how would that help the hourly worker?

And how would that create more demand?

Hourly wages just went down by hundreds of millions of dollars for the companies.
You would be overjoyed at Obama wouldn't you.

 

[jknowgood]

Tell me liberals, since everyone will be making a livable wage. We can do away with all the entitlements? No more food stamps, free rent, free power, free healthcare, free phones, free birth control, free abortions, and any other free stuff they get. Also anyone on welfare that can work but won't can go down to mickey d's and get a good job.

 

[william the wie]

The entire argument is Companies pay fair wages because the wages they pay are fair

Circular logic is best because circular logic is best because...

The question is not whether wages are fair but rather will it be profitable to pay wages if the minimum wage is raised. Automation is getting cheaper and less expensive now. Increase potential returns and venture capital investment in automation will explode to be followed by UE exploding.