RW bulletin. All wages have been stagnant for all of obamas term. Wages will remain stagnant until some certainty comes to the economy and the anti business mentality of govt disappears and until employees drift back into work mode instead of entitlement mode. The rest of your post is just plain false. I had a car that I paid for at 16 with a minimum wage job of 1.65 an hour.. I left college before they kicked me out and there was opportunity everywhere as there is today but you have to have motivation to follow up on opportunities, and you have to be willing to sacrifice to get somewhere. The old saw about paying your dues is trite but true, but the bulk of today's millenials do not want to pass go they just want to go straight to the penthouse, and people like you encourage that mindset by telling them how unfairly they are being treated when the millenials are the most coddled generation in history.
Finally, I love the way you use the WE to associate yourself with all the downtrodden and insinuate that those that oppose you are heartless and rapacious individualist capitalists and have never been through the same trials and tribulations of your sainted min wage workers, inotherwords diminishing the accomplishments of those who have worked their way to upward mobility. This is necessary on your side because to hold up people who have worked their way to success destroys your narrative of the stacked deck.
The true sport of liberals on USMB is to suggest how to spend other peoples money, Margaret Thatcher has explained to us how that works out and what it leads to
You are partially correct. Wages are stagnant because of instability in the workforce. Not instability regarding government policy, but instability in a worker being able to maintain his job or seek a better job. As long as workers are scared, they will accept low wages
I paid for college making $2.10 an hour. Minimum wage workers can't do that on today's wage. I could have bought a new car on six months wages, today's workers can't do that
AND YOU FORGET... there are less then 3.5 million people of which 900,000 are between 16 and 19 years old working at entry level jobs!
Back when you were making $2.10 there were more people at minimum wage.
Today the Average hourly worker is paid $24 per hour.
Please deal with FACTS not "guesses" about Minimum wage workers...FACTS first!
These 900,000 are the ones that will suffer with a $10.80 minimum wage AS THE CBO states not me!
View attachment 32752
Number of minimum wage earners
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Minimum wage sets the base for low wage scale jobs. Increasing minimum wage also pressures other low wages to increase. Our problem is not the number of Americans making minimum wage, but those working full time and require government help to raise their families
So NOW the real objective comes out!
Then say that the IDEA is to INCREASE the average wage from $24/hour to something else BECAUSE YOU are right!
It would piss me off having a 16 year old entry level low skill making the same wage as I did!
So guess what? If as most Americans are NOW DOING... scaling back on their efforts and when they do their value declines. Production goes down
and now they become unemployed!
Adding then to the CBO projected 500,000 that become unemployed what ever "upward" pressure on other hourly wages will result in economic
slow down NOT growth!
But that won't work. Because the 40% increase of minimum wage totally erases the profits any business that with these minimum wage workers.
Again you don't show any facts but here is a fact:
You have NO concept of business operating expenses obviously.
When you increase minimum wage nearly 50% what do you think that means to operating expenses?
Attached is the income statement for an average McDonald's restaurant.
Note Crew Payroll takes 20% of net sales.
If Crew payroll increases from $7.25 to $10.10 minimum wage that is an increase of 39%.
Using the typical crew payroll would increase from $540,000 to $752,275.
This would be an increase of $212,275.
This would reduce the store's operating income from $153,900 net income to a loss of $58,375. THAT IS A LOSS. That means NO federal/state/local taxes.
That means the store would NOT be able to pay some of the bills.
That's what happens liberals when costs go up more then the revenue comes in.
So are you willing to increase the costs of eating at this McDonalds or any restaurant like McDonalds FACED with a 39% increase in operating expenses?
NOW do you understand how totally economically insane raising the minimum wage for less 3.3 million people of which 1 million are under age 19?
The ONLY way McDonald's and other restaurants faced with this can survive is to let go some of their minimum wage people and replace with
more self service and robots.
View attachment 32754
There is NO way this McDonalds stays in business if the net income of $153,900 is totally wiped out by the increase of crew payroll by $212,000.
Instead of a profit.. a $58,000 loss!
Won't stay in business. Close. Now then where will those "crew payroll" workers go?
