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Posted on 4/17/15 at 7:58 am to Grim
Fact is, there will always be jobs that earn $ that will be below poverty.
If you raise minimum wage to $15 an hour, there will be near instant inflation. Because the other jobs will have to compete and raoise their wages.
Burger king and grocery stores and everyone else will have to raise prices to pay the labor cost. That in turn, means that your purchasing power is essentially the same.
When minimum wage was $5.25, was life any worse off for the fast food worker than it is now, at 50% higher? No. Because there will always be no skill jobs that don't allow you to live comfortably that will have the same purchasing power.
Minimum Wage = $5.25 Fast Food value meal = $2.99-$3.99
Minimum Wage = $7.25 Fast Food value meal = $5.99-$6.99
There is an increase in commodity costs in there too, but purcashing power doesn't really change.
I do think its been 6 years since the last hike in minimum wage, so it should probably go to 8 or 9 in the next few years.
If you raise minimum wage to $15 an hour, there will be near instant inflation. Because the other jobs will have to compete and raoise their wages.
Burger king and grocery stores and everyone else will have to raise prices to pay the labor cost. That in turn, means that your purchasing power is essentially the same.
When minimum wage was $5.25, was life any worse off for the fast food worker than it is now, at 50% higher? No. Because there will always be no skill jobs that don't allow you to live comfortably that will have the same purchasing power.
Minimum Wage = $5.25 Fast Food value meal = $2.99-$3.99
Minimum Wage = $7.25 Fast Food value meal = $5.99-$6.99
There is an increase in commodity costs in there too, but purcashing power doesn't really change.
I do think its been 6 years since the last hike in minimum wage, so it should probably go to 8 or 9 in the next few years.
Posted on 4/17/15 at 8:08 am to DawgCountry
quote:
Then pay more you selfish prick
Exactly. Why should anyone be forced to do something simply because Eurocat is an a-hole?
Posted on 4/17/15 at 8:23 am to junkfunky
I am not an a-hole. I pay well above my competitors. 14 of my employees have been with me for over 20 years.
What I am saying is that laws prevent me and others like me from even having the ability to be asshooles if we were so inclined. (I am not so inclined).
What I am saying is that laws prevent me and others like me from even having the ability to be asshooles if we were so inclined. (I am not so inclined).
Posted on 4/17/15 at 8:28 am to Eurocat
Idiots just think they can get paid more for no reason and they think it won't have an impact on the economy. The rate of inflation would skyrocket and make everyone else poorer because their salary becomes way less valuable. If minimum wage goes up 50%, you will have people making $17 an hour who are now poor because the cost for goods will increase to compensate for the base line of labor in this country.
This post was edited on 4/17/15 at 8:29 am
Posted on 4/17/15 at 8:36 am to Scruffy
quote:
Scruffy just calculated how much he will make per hour as a resident after 8 years of school.
Don't feel too bad, Scruffy. I didn't make >$15/hour until I was 29 in my first job after getting my PhD. That's 4 years of undergrad and 6+ years of graduate school
Posted on 4/17/15 at 8:38 am to ShoeBang
quote:
Idiots just think they can get paid more for no reason and they think it won't have an impact on the economy. The rate of inflation would skyrocket and make everyone else poorer because their salary becomes way less valuable. If minimum wage goes up 50%, you will have people making $17 an hour who are now poor because the cost for goods will increase to compensate for the base line of labor in this country.
Posted on 4/17/15 at 8:41 am to Eurocat
quote:
What I am saying is that laws prevent me and others like me from even having the ability to be asshooles if we were so inclined.
Why should we legislate morality?
Is it safe to assume you also oppose gay marriage and/or abortion based on morality or you think it's okay to make laws based on those opinions?
This post was edited on 4/17/15 at 8:43 am
Posted on 4/17/15 at 8:42 am to Eurocat
Are we in Denmark or for the United States? That stupid meme is pointless and takes into account none of the differences between the two countries.
Posted on 4/17/15 at 8:44 am to Eurocat
quote:
Eurocat
It's a different economy big guy. Denmark is not at all comparable to the US, and we can leave it there.
And .56 more for a big mac? Bull shite. It costs that much for fricking ketchup at a mickey d's in Denmark. Oh and if you want a coke, it is no less than $3 in the entire country.
I dint typically use internet memes as authoritative sources, neither should you.
Posted on 4/17/15 at 8:52 am to Rickety Cricket
quote:
Are we in Denmark or for the United States? That stupid meme is pointless and takes into account none of the differences between the two countries.
She is a part of a union. McDonald's workers are unionized in Denmark. We all know how great unions are at fricking everything up in the US these days.
Posted on 4/17/15 at 8:56 am to Eurocat
We don't live in Denmark.
Also, Scruffy found it funny that after 8 years of school and a shitload if debt, he will be making ~$16/hr as a resident for the next 3 years, unless he calculated it wrong.
Also, Scruffy found it funny that after 8 years of school and a shitload if debt, he will be making ~$16/hr as a resident for the next 3 years, unless he calculated it wrong.
Posted on 4/17/15 at 9:01 am to molsusports
quote:
high school kids too naive to know they have options
That's not the employers fault. That is child labor laws. Can't work past certain hours, can't work more than 5 hours without having a 30 minute break. Most don't have vehicles and therefore no reliable transportation to work, they need off for eexams, school dances, spring break etc. So while hs employees may be good to fill in gaps left by full time employees, they essentially are worthless, save for a few of them.
Posted on 4/17/15 at 9:06 am to Eurocat
quote:
This has to be a several part project.
1. Raise the wage to 15 dollars.
2. Legislation to outlaw factory like production of food. Say that each meal that is made has to be produced by at least four people (to prevent job losses).
3. Governmental subsidies for franchises in the interim transition period, three years.
4. Introduce an "income cap" for franchises, that no franchisee can make more than 20 times what the lowest paid full time employee makes.
5. Mandatory health care coverage.
Then this can go through.
Just raising a salary to 15 is a shallow attempt to create a just result.
Why don't we just have the government take over all food production and distribution and every other industry there is out there, keep all money in the country, and distribute equally to all citizens at an amount the government determines is sufficient?
This post was edited on 4/17/15 at 9:07 am
Posted on 4/17/15 at 9:16 am to Clames
(no message)
This post was edited on 6/22/17 at 9:20 am
Posted on 4/17/15 at 9:16 am to Eurocat
Proving you are a low-info type that either doesn't understand the context behind that photo or chooses to ignore it? Good job.
Posted on 4/17/15 at 9:29 am to Eurocat
Do yourself a favor and check your facts. 
quote:
A recent article by a McDonald’s employee in Denmark is making its rounds on left wing facebook pages. The author, Louise Marie Rantzau, isn’t shy about letting people know how much she makes as a McDonald’s employee, which she claims is $21/hr. What she does shy away from however, is mentioning the fact that consumer prices in Denmark are 51% higher in Denmark (39% higher when including rent). It’s also worth noting that restaurant prices in Denmark are over 100% higher than in the United States.
When taking into account the cost of living differences between Denmark and the United States, Rantzau’s $21 per hour becomes approximately $14 per hour. This is still significantly more than the $8 per hour that US McDonald’s employee’s make, but much smaller than her original $21 per hour claim. So what is the magic by which these employees are making almost twice as much as their US counterparts? Labor Unions.
“[A] cause of long-term unemployment is unionization. High union wages that exceed the competitive market rate are likely to cause job losses in the unionized sector of the economy. Also, those who lose high-wage union jobs are often reluctant to accept alternative low-wage employment. Between 1970 and 1985, for example, a state with a 20 percent unionization rate, approximately the average for the fifty states and the District of Columbia, experienced an unemployment rate that was 1.2 percentage points higher than that of a hypothetical state that had no unions. To put this in perspective, 1.2 percentage points is about 60 percent of the increase in normal unemployment between 1970 and 1985.”
Posted on 4/17/15 at 9:44 am to Eurocat
I am a small business owner and I pay people who can produce at a higher level more than those who have to be micromanaged. Those who can bring in a profit to me are worth considerably more than those who simply help them.
If I paid unskilled workers the higher wages of the skilled workers, I'd lose money and have to slow operations to the point that I would lay off the less skilled workers anyway.
Does it not compute that such a high increase in minimum wage will actually reduce job opportunities for those you wish to help most?
If I paid unskilled workers the higher wages of the skilled workers, I'd lose money and have to slow operations to the point that I would lay off the less skilled workers anyway.
Does it not compute that such a high increase in minimum wage will actually reduce job opportunities for those you wish to help most?
This post was edited on 4/17/15 at 9:45 am
Posted on 4/17/15 at 9:48 am to Scruffy
quote:
Also, Scruffy found it funny that after 8 years of school and a shitload if debt, he will be making ~$16/hr as a resident for the next 3 years, unless he calculated it wrong.
This is why no decent person should begrudge what a physician earns.
Posted on 4/17/15 at 9:48 am to upgrayedd
This kid is worth $31,000 a year, no doubt.
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