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Joe and I are BOTH a lot smarter than you or Staph.
So why don't you give it a try? How does a small increase in wages for a very small amount of workers (2.8%) bring about the Armageddon you right wingers claim it will?
Won't you be able to afford fries with your burger if the MacDonald s worker was getting 8 bucks minimum? That is where the minimum wage workers are most concentrated, fast food. Right? And cheap retail stores. Would the cheap Chinese shit you buy at Walmarts cost a little more? Probably not.
It will be ok if poor working people make a little bit more. Really.
Don't flatter yourself.
Who mentioned Armageddon?
Consider a community based pizza parlor selling 100 pies a day for 360 days at $10 each. Total revenue is $360,000. It employs 10 minimum wage workers earning $7 per hour, working 2000 hours a year, making labor costs $140,000. Assume rent, utilities, equipment, depreciation, insurance, supplies, licenses, and food costs come to $170,000 per year, leaving a profit of $50,000 for the owner and his/her family. Raising the minimum wage $1 would raise labor costs by $20,000 (paying more for the same amount of labor) and reduce profit to $30,000. The owner must either move into a smaller house or raise prices, which reduces the demand for pizza, resulting in the loss of a worker. So, the full increase in the wage cost of an increase in the minimum wage comes out of the pockets of customers or the owners family, and the one person who loses a job.
Why Raising The Minimum Wage Kills Jobs
Using simpleton math.....
He will have to increase the price of a pie by less than 6 cents to maintain his income.
Don't flatter yourself.
Who mentioned Armageddon?
Consider a community based pizza parlor selling 100 pies a day for 360 days at $10 each. Total revenue is $360,000. It employs 10 minimum wage workers earning $7 per hour, working 2000 hours a year, making labor costs $140,000. Assume rent, utilities, equipment, depreciation, insurance, supplies, licenses, and food costs come to $170,000 per year, leaving a profit of $50,000 for the owner and his/her family. Raising the minimum wage $1 would raise labor costs by $20,000 (paying more for the same amount of labor) and reduce profit to $30,000. The owner must either move into a smaller house or raise prices, which reduces the demand for pizza, resulting in the loss of a worker. So, the full increase in the wage cost of an increase in the minimum wage comes out of the pockets of customers or the owners family, and the one person who loses a job.
Why Raising The Minimum Wage Kills Jobs
Using simpleton math.....
He will have to increase the price of a pie by less than 6 cents to maintain his income.
Yes. I constructed business plans and associated pro forma financial statements for years, and wage increases are a minimal component of price fluctuations.
Do you really want to increase entrepreneurial competitiveness? Install a national health care system.
So I guess I'm having a hard time understanding the logic, Staph.
If only 2.8% of workers make the minimum, raising it wouldn't have that much of an effect, would it?
Just don't understand why conservatives hate working people so much.
If the Minimum Wage had kept up with inflation, it would be about 17.95 today.
So I guess I'm having a hard time understanding the logic, Staph.
If only 2.8% of workers make the minimum, raising it wouldn't have that much of an effect, would it?
Just don't understand why conservatives hate working people so much.
Because all conservatives are business owners and labor cuts into their bottom line and takes food out of their children's mouths.
So I guess I'm having a hard time understanding the logic, Staph.
If only 2.8% of workers make the minimum, raising it wouldn't have that much of an effect, would it?
Just don't understand why conservatives hate working people so much.
Because all conservatives are business owners and labor cuts into their bottom line and takes food out of their children's mouths.
Yet how odd that all the big Wall Street and tech CEOs and hedge fund managers making billions of dollars a year are Democrats and so called liberals.
The whole conservatives big business meme is played out and archaic. What are you like 70 years old?
Because all conservatives are business owners and labor cuts into their bottom line and takes food out of their children's mouths.
Yet how odd that all the big Wall Street and tech CEOs and hedge fund managers making billions of dollars a year are Democrats and so called liberals.
The whole conservatives big business meme is played out and archaic. What are you like 70 years old?
Why do you believe such things?
Minimum wage is just the tip of the iceberg
The real problem is that there is no job progression for those low wage earners. That $7.50 job may someday grow to a $10 and hour job....still insufficient to raise a family without government assistance
where do you get the idea that cus you give a worker a raise he /she wilL be more productive. so walmart workers will be more polite helpfull and the goods you buy will be of a highter standard WHAT ROCK HAVE YOU BEEN LIVING UNDER ?Don't flatter yourself.
Who mentioned Armageddon?
Consider a community based pizza parlor selling 100 pies a day for 360 days at $10 each. Total revenue is $360,000. It employs 10 minimum wage workers earning $7 per hour, working 2000 hours a year, making labor costs $140,000. Assume rent, utilities, equipment, depreciation, insurance, supplies, licenses, and food costs come to $170,000 per year, leaving a profit of $50,000 for the owner and his/her family. Raising the minimum wage $1 would raise labor costs by $20,000 (paying more for the same amount of labor) and reduce profit to $30,000. The owner must either move into a smaller house or raise prices, which reduces the demand for pizza, resulting in the loss of a worker. So, the full increase in the wage cost of an increase in the minimum wage comes out of the pockets of customers or the owners family, and the one person who loses a job.
Why Raising The Minimum Wage Kills Jobs
Wait! Don't you know that profit is evil, and people shouldnt make any money off thier risk, and toil, and sweat?
/sarcasm.
How about this pizza store owner. He has some really good minimum wage workers and in an effort to retain them he decides to pay them another dollar an hour.
He sells 100 pizza's a day. His labor of 10 people times 1 dollar times 5.55 average hours (2000 by 360) worked, his labor increased 55 dollars a day. He raises his pizza from 10 dollars to 10.50 ( a modest increase) and gets 50 dollars more a day covering his increased payroll and not hurting his competitive pricing.
The workers are more happy, more productive and cause an increase in business just by doing a better job for the customer. Who could care less that their 10 dollar pizza went to 10.50. Because they are buying the best damn pizza in town.
The pizza shop starts selling 105 pizza's a day, making up the loss the owner took in payroll by the increase in business.
I know, fantasy island stuff. That why the government gets involved to help low wage workers get more money for their labor.
Cause if they (government) don't do it ain't nobody else will.
Minimum wage is just the tip of the iceberg
The real problem is that there is no job progression for those low wage earners. That $7.50 job may someday grow to a $10 and hour job....still insufficient to raise a family without government assistance
Horse shit. My first job paid minimum wage in high school at a grocery store chain. When I graduated I put in for a department supervisor's position and got it. Then I became an Asst. Manager for the store. Within five years I went from making $5.25 an hour to $27k a year. I also started taking college classes during that time. Eventually, I quit, started waiting tables where I made comparable money and went to business school and got my Associate's Degree. Then I got a job in IT starting at $40k. Over the following several years I went back to school and received both my Bachelor's and MBA using the company's tuition assistance program and today I am bringing in around $90k a year. I am 31 years old. I also did most of this with a child and a wife who was an addict whom I eventually divorced and then ended up raising my son alone, while still in school. Amazing how I found time to continue to improve my life and the only government assistance I received was in the form of student loans to cover what portion my company's tuition assistance program didn't and I am currently paying all that money back with interest.
Any adult making minimum wage, let alone trying to raise a family on it, is fucking useless. Either they made piss poor decisions in their life or simply lack the motivation to do anything more.
Minimum wage is just the tip of the iceberg
The real problem is that there is no job progression for those low wage earners. That $7.50 job may someday grow to a $10 and hour job....still insufficient to raise a family without government assistance
Horse shit. My first job paid minimum wage in high school at a grocery store chain. When I graduated I put in for a department supervisor's position and got it. Then I became an Asst. Manager for the store. Within five years I went from making $5.25 an hour to $27k a year. I also started taking college classes during that time. Eventually, I quit, started waiting tables where I made comparable money and went to business school and got my Associate's Degree. Then I got a job in IT starting at $40k. Over the following several years I went back to school and received both my Bachelor's and MBA using the company's tuition assistance program and today I am bringing in around $90k a year. I am 31 years old. I also did most of this with a child and a wife who was an addict whom I eventually divorced and then ended up raising my son alone, while still in school. Amazing how I found time to continue to improve my life and the only government assistance I received was in the form of student loans to cover what portion my company's tuition assistance program didn't and I am currently paying all that money back with interest.
Any adult making minimum wage, let alone trying to raise a family on it, is fucking useless. Either they made piss poor decisions in their life or simply lack the motivation to do anything more.
How many of your coworkers did the same?
The issue is not whether individual low wage worker can work his way up but what do we do with millions of low wage workers who cannot earn enough to support a family?
Right now, that is handled by the taxpayer who subsidizes those low wages. The business continues to profit off of substandard wages and the taxpayer makes up the difference
Until we pay seriuous attention to our wage structure, low wage Americans will continue to be a burden on the taxpayer
Horse shit. My first job paid minimum wage in high school at a grocery store chain. When I graduated I put in for a department supervisor's position and got it. Then I became an Asst. Manager for the store. Within five years I went from making $5.25 an hour to $27k a year. I also started taking college classes during that time. Eventually, I quit, started waiting tables where I made comparable money and went to business school and got my Associate's Degree. Then I got a job in IT starting at $40k. Over the following several years I went back to school and received both my Bachelor's and MBA using the company's tuition assistance program and today I am bringing in around $90k a year. I am 31 years old. I also did most of this with a child and a wife who was an addict whom I eventually divorced and then ended up raising my son alone, while still in school. Amazing how I found time to continue to improve my life and the only government assistance I received was in the form of student loans to cover what portion my company's tuition assistance program didn't and I am currently paying all that money back with interest.
Any adult making minimum wage, let alone trying to raise a family on it, is fucking useless. Either they made piss poor decisions in their life or simply lack the motivation to do anything more.
How many of your coworkers did the same?
The issue is not whether individual low wage worker can work his way up but what do we do with millions of low wage workers who cannot earn enough to support a family?
Right now, that is handled by the taxpayer who subsidizes those low wages. The business continues to profit off of substandard wages and the taxpayer makes up the difference
Until we pay seriuous attention to our wage structure, low wage Americans will continue to be a burden on the taxpayer
And how is that my problem exactly? If they can't afford to support a family why do they have one? I'm sick and fucking tired of people engaging in reckless and stupid behavior and then expecting me and everyone else to subsidize their mistakes, not to mention people like you who feel all warm and fuzzy inside bailing their asses out, with other people's money, of course, as opposed to yours.
Minimum wage is just the tip of the iceberg
The real problem is that there is no job progression for those low wage earners. That $7.50 job may someday grow to a $10 and hour job....still insufficient to raise a family without government assistance
Horse shit. My first job paid minimum wage in high school at a grocery store chain. When I graduated I put in for a department supervisor's position and got it. Then I became an Asst. Manager for the store. Within five years I went from making $5.25 an hour to $27k a year. I also started taking college classes during that time. Eventually, I quit, started waiting tables where I made comparable money and went to business school and got my Associate's Degree. Then I got a job in IT starting at $40k. Over the following several years I went back to school and received both my Bachelor's and MBA using the company's tuition assistance program and today I am bringing in around $90k a year. I am 31 years old. I also did most of this with a child and a wife who was an addict whom I eventually divorced and then ended up raising my son alone, while still in school. Amazing how I found time to continue to improve my life and the only government assistance I received was in the form of student loans to cover what portion my company's tuition assistance program didn't and I am currently paying all that money back with interest.
Any adult making minimum wage, let alone trying to raise a family on it, is fucking useless. Either they made piss poor decisions in their life or simply lack the motivation to do anything more.
Yes it would. But you're not smart enough to understand it.
Joe and I are BOTH a lot smarter than you or Staph.
So why don't you give it a try? How does a small increase in wages for a very small amount of workers (2.8%) bring about the Armageddon you right wingers claim it will?
Won't you be able to afford fries with your burger if the MacDonald s worker was getting 8 bucks minimum? That is where the minimum wage workers are most concentrated, fast food. Right? And cheap retail stores. Would the cheap Chinese shit you buy at Walmarts cost a little more? Probably not.
It will be ok if poor working people make a little bit more. Really.
Don't flatter yourself.
Who mentioned Armageddon?
Consider a community based pizza parlor selling 100 pies a day for 360 days at $10 each. Total revenue is $360,000. It employs 10 minimum wage workers earning $7 per hour, working 2000 hours a year, making labor costs $140,000. Assume rent, utilities, equipment, depreciation, insurance, supplies, licenses, and food costs come to $170,000 per year, leaving a profit of $50,000 for the owner and his/her family. Raising the minimum wage $1 would raise labor costs by $20,000 (paying more for the same amount of labor) and reduce profit to $30,000. The owner must either move into a smaller house or raise prices, which reduces the demand for pizza, resulting in the loss of a worker. So, the full increase in the wage cost of an increase in the minimum wage comes out of the pockets of customers or the owners family, and the one person who loses a job.
Why Raising The Minimum Wage Kills Jobs
Horse shit. My first job paid minimum wage in high school at a grocery store chain. When I graduated I put in for a department supervisor's position and got it. Then I became an Asst. Manager for the store. Within five years I went from making $5.25 an hour to $27k a year. I also started taking college classes during that time. Eventually, I quit, started waiting tables where I made comparable money and went to business school and got my Associate's Degree. Then I got a job in IT starting at $40k. Over the following several years I went back to school and received both my Bachelor's and MBA using the company's tuition assistance program and today I am bringing in around $90k a year. I am 31 years old. I also did most of this with a child and a wife who was an addict whom I eventually divorced and then ended up raising my son alone, while still in school. Amazing how I found time to continue to improve my life and the only government assistance I received was in the form of student loans to cover what portion my company's tuition assistance program didn't and I am currently paying all that money back with interest.
Any adult making minimum wage, let alone trying to raise a family on it, is fucking useless. Either they made piss poor decisions in their life or simply lack the motivation to do anything more.
How many of your coworkers did the same?
The issue is not whether individual low wage worker can work his way up but what do we do with millions of low wage workers who cannot earn enough to support a family?
Right now, that is handled by the taxpayer who subsidizes those low wages. The business continues to profit off of substandard wages and the taxpayer makes up the difference
Until we pay seriuous attention to our wage structure, low wage Americans will continue to be a burden on the taxpayer
And how is that my problem exactly? If they can't afford to support a family why do they have one? I'm sick and fucking tired of people engaging in reckless and stupid behavior and then expecting me and everyone else to subsidize their mistakes, not to mention people like you who feel all warm and fuzzy inside bailing their asses out, with other people's money, of course, as opposed to yours.
Minimum wage is just the tip of the iceberg
The real problem is that there is no job progression for those low wage earners. That $7.50 job may someday grow to a $10 and hour job....still insufficient to raise a family without government assistance
Horse shit. My first job paid minimum wage in high school at a grocery store chain. When I graduated I put in for a department supervisor's position and got it. Then I became an Asst. Manager for the store. Within five years I went from making $5.25 an hour to $27k a year. I also started taking college classes during that time. Eventually, I quit, started waiting tables where I made comparable money and went to business school and got my Associate's Degree. Then I got a job in IT starting at $40k. Over the following several years I went back to school and received both my Bachelor's and MBA using the company's tuition assistance program and today I am bringing in around $90k a year. I am 31 years old. I also did most of this with a child and a wife who was an addict whom I eventually divorced and then ended up raising my son alone, while still in school. Amazing how I found time to continue to improve my life and the only government assistance I received was in the form of student loans to cover what portion my company's tuition assistance program didn't and I am currently paying all that money back with interest.
Any adult making minimum wage, let alone trying to raise a family on it, is fucking useless. Either they made piss poor decisions in their life or simply lack the motivation to do anything more.
Yay!! Another badass nutter who has done so great in this liberal shithole of a country! Congrats! Can we pat you on the back some?
Horse shit. My first job paid minimum wage in high school at a grocery store chain. When I graduated I put in for a department supervisor's position and got it. Then I became an Asst. Manager for the store. Within five years I went from making $5.25 an hour to $27k a year. I also started taking college classes during that time. Eventually, I quit, started waiting tables where I made comparable money and went to business school and got my Associate's Degree. Then I got a job in IT starting at $40k. Over the following several years I went back to school and received both my Bachelor's and MBA using the company's tuition assistance program and today I am bringing in around $90k a year. I am 31 years old. I also did most of this with a child and a wife who was an addict whom I eventually divorced and then ended up raising my son alone, while still in school. Amazing how I found time to continue to improve my life and the only government assistance I received was in the form of student loans to cover what portion my company's tuition assistance program didn't and I am currently paying all that money back with interest.
Any adult making minimum wage, let alone trying to raise a family on it, is fucking useless. Either they made piss poor decisions in their life or simply lack the motivation to do anything more.
How many of your coworkers did the same?
The issue is not whether individual low wage worker can work his way up but what do we do with millions of low wage workers who cannot earn enough to support a family?
Right now, that is handled by the taxpayer who subsidizes those low wages. The business continues to profit off of substandard wages and the taxpayer makes up the difference
Until we pay seriuous attention to our wage structure, low wage Americans will continue to be a burden on the taxpayer
And how is that my problem exactly? If they can't afford to support a family why do they have one? I'm sick and fucking tired of people engaging in reckless and stupid behavior and then expecting me and everyone else to subsidize their mistakes, not to mention people like you who feel all warm and fuzzy inside bailing their asses out, with other people's money, of course, as opposed to yours.
