re: Progressives have a new minimum wage goal: $20 and up

"Hey small businesses (that compose 85% of the American economy) Fk YOU! Go OUT of business so Amazon and Walmart win!"

quote:

---

A shame that we don't have enough manufacturing jobs here

---

I don't know where you live, but here in southern Oklahoma there are so many manufacturing jobs available it's crazy. I'm not kidding.

They should make it $100 - end poverty.

quote:

---

quote:
My first real job I made $4.25/hr literally digging ditches.

It taught me I didn't want to make 4.25/hr or dig ditches the rest of my life.


Mine too! Summer help after I graduated from high school and during summers while in college.

---

Going to show my age. $2.35 an hour de-tasseling corn to make spending money. Got me serious about education. Retired at 55 a little over a year ago. Minimum wage for shite work is supposed to be a motivator.

quote:

---

It’s so important that we have a minimum wage that is keeping up with inflation and the cost of living.”

---

These people have no understanding of finance, running a business, economics, nothing. They understand nothing but feelings.

They will never be able to get to an acceptable minimum wage. As they easily it the cost of everything else will go up and people counting on minimum wage will always fall behind.

Their real goal will be to hold others back in the future. Equity and all

quote:

---

This will end up destroying jobs, cutting hours for people, and jacking up contracts such as union pay which are indexed off the minimum wage. By design.

---

Yup, and soon, if not already, you're going to have shareholders of major companies demanding they automate everything possible as the rule, not the exception, and companies will have no choice but to comply.

It needs to be repeated and screamed over and over again that corporate special interests and "feel good" initiatives all end where shareholder stakes start to suffer.

quote:

---

If someone you can replace with literally anyone off the street makes $20 an hour, a medical coder or something making $20 an hour currently in theory should get a raise because they are bringing skills to the table. Would they in practice get a raise? Probably not. And if they did it wouldn't be a $7.25 to $20 type raise.

---

It's a giant demotivational 'frick you' to any skilled workers.

Libs don't give a shite about responsible people. It's the same thing with people who scrimped and paid off their student loans. They sacrificed but the dipshits that dropped out and partied will have their loans forgiven and not pay the consequence.

They defeating their own purpose. Desiring to increase minimum wage allowing minimum wage earners to keep up with rising cost will only serve to drive cost higher. Do they believe businesses will simply absorb the additional expense of higher minimum wages?
No. Businesses will pass that additional operating expense onto customers.

quote:

---

These dumbasses completely miss the purpose of minimum wage jobs.

My first real job I made $4.25/hr literally digging ditches.

It taught me I didn't want to make 4.25/hr or dig ditches the rest of my life.

---

Minimum wage was $4.25 in 1991. Adjusted for inflation that is equivalent to $9.50 today, about 32% more than the minimum wage today. That is the federal minimum wage. It would be woefully short of the cost of production for most employees in NYC. That would mean the employee would have to make up the difference in some manner...more work, more of the dole or more of the crime. Presumably they'd need 5-6 hours a day away from work so it is, I guess, technially possible they could eke out a sustenance working 7 days a week 18 and 19 hours a day...but the logistics would be damn near intolerable as it would mean scheduling among employers. There ain't no free lunch....better for employers to pay the employee and charge the customer than to take the money from taxpayers...