- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
$15 min wage
Posted on 10/25/20 at 1:02 pm
Posted on 10/25/20 at 1:02 pm
I’m seeing some posts arguing that increasing the min wage will shut down small businesses. It looks accurate on surface but I see no data showing that. Owners just want to make higher profit. Minimum wage is too low and hasn’t kept up with inflation. And frankly, if you can’t afford to pay a living wage, you probably shouldn’t be in business.
I’d like to see some links and not just rhetoric showing increasing min wage is a burden. Here’s a link showing that it doesn’t hurt business like y’all seem to think. Open minded reading required:
LINK
I’d like to see some links and not just rhetoric showing increasing min wage is a burden. Here’s a link showing that it doesn’t hurt business like y’all seem to think. Open minded reading required:
LINK
46
Posted on 10/25/20 at 1:03 pm to rashman
Bloomberg
frick thus shite.
frick thus shite.
Posted on 10/25/20 at 1:03 pm to rashman
quote:
if you can’t afford to pay a living wage, you probably shouldn’t be in business
Posted on 10/25/20 at 1:03 pm to rashman
quote:
And frankly, if you can’t afford to pay a living wage, you probably shouldn’t be in business.
Posted on 10/25/20 at 1:03 pm to rashman
Good luck in selling enough 20 dollar Big Mac’a to keep McDonald’s afloat... then you’ll have tens of thousands of lost jobs.
Posted on 10/25/20 at 1:03 pm to rashman
if minimum wage goes up then prices go up to pay for it. If prices go up then the people making minimum wage spend more of their money on these goods. It is a circle.
Posted on 10/25/20 at 1:04 pm to rashman
quote:
And frankly, if you can’t afford to pay a living wage, you probably shouldn’t be in business.
This is your problem. It’s not the business’s job to provide a livable wage. Supply/ demand determines wage. Minimum wage was never meant to give people a living wage.
This post was edited on 10/25/20 at 1:05 pm
Posted on 10/25/20 at 1:04 pm to rashman
These idiots don’t realize that living expenses aren’t everywhere like they are in NYC, Washington, Chicago, LA, SF, and Seattle
Posted on 10/25/20 at 1:04 pm to rashman
You’re an idiot.
Posted on 10/25/20 at 1:05 pm to rashman
quote:
if you can’t afford to pay a living wage, you probably shouldn’t be in business.
Please define a living wage.
Signed,
Small business owner
Posted on 10/25/20 at 1:05 pm to rashman
quote:What is a living wage?
And frankly, if you can’t afford to pay a living wage, you probably shouldn’t be in business.
a single person who works full time on min wage would earn ABOVE the poverty line.
Every single literaure review of min wage finds it reduces employment and hours.
Posted on 10/25/20 at 1:05 pm to rashman
I'd rather do away with it and welfare altogether and go with UBI.
Posted on 10/25/20 at 1:05 pm to rashman
Tell me, what do you do with the people who will not regularly show up to work? THAT is who stays at minimum wage for long periods of time - people with no skills and no discipline.
Now they will be even less likely to be hired or retained.
Now they will be even less likely to be hired or retained.
Posted on 10/25/20 at 1:05 pm to rashman
Oh dear Lord. Have you heard of Seattle?
Posted on 10/25/20 at 1:06 pm to rashman
quote:
if you can’t afford to pay a living wage, you probably shouldn’t be in business.
See Nike, Apple, Samsung, etc. ad infinitum.
Posted on 10/25/20 at 1:06 pm to rashman
quote:
It looks accurate on surface but I see no data showing that.
If I can only afford $6000 for 2 employees, payroll tax, and insurances...
Then I increase their pay 50%...
Now the cost is $8000...
I have to fire one of them, and my own hours increase to cover the loss of an employee.
^^^^^^^^^^^
Data
Posted on 10/25/20 at 1:07 pm to rashman
To the OP, do you have ANY idea at all what it takes to run a business? A small business that has 8-10 employees will get crushed by a $15 minimum wage.
Posted on 10/25/20 at 1:07 pm to rashman
You asked this question in another thread, so I just brought my reply over to your thread...here it is:
"Ask ANY small business owner with some lower end income jobs (fast food, customer service, etc.). I owned an automobile dealership, and I can tell you that it would have cost some people their jobs. Many business professions have technologies available that would enable them to operate with less employees, but they're usually an expensive purchase. But if you can eliminate a $15 dollar an hour employee, PLUS the governmental expense of having them, it's not a hard decision. Also, a minimum wage bump invariably means increases up the chain.
In the long run, the owner has to increase the price of his good or services to offset the added expense, and you know who eventually pays that."
"Ask ANY small business owner with some lower end income jobs (fast food, customer service, etc.). I owned an automobile dealership, and I can tell you that it would have cost some people their jobs. Many business professions have technologies available that would enable them to operate with less employees, but they're usually an expensive purchase. But if you can eliminate a $15 dollar an hour employee, PLUS the governmental expense of having them, it's not a hard decision. Also, a minimum wage bump invariably means increases up the chain.
In the long run, the owner has to increase the price of his good or services to offset the added expense, and you know who eventually pays that."
Posted on 10/25/20 at 1:10 pm to chryso
(no message)
This post was edited on 10/25/20 at 6:27 pm
Posted on 10/25/20 at 1:10 pm to Aristo
Exactly. Minimum wage is meant for children and people sharing a residence. It’s not meant to start a family and buy a home with annual visits to Disney.
Good workers get what they are due.
I can tell you that if minimum wages go up, there will be companies that simply reduce the workforce and make each job WORTH $15. The ones left behind will have no opportunity.
My old company decided to open a retail outlet back in the day... I was unlucky enough to be chosen to start it up. Managing retail employees is the worst. They suck! I found a couple I liked and put them on salary. The salary was less than what they would have earned, but they liked it, and were great employees in a sea of shiat. I could see salaries becoming more common.
Good workers get what they are due.
I can tell you that if minimum wages go up, there will be companies that simply reduce the workforce and make each job WORTH $15. The ones left behind will have no opportunity.
My old company decided to open a retail outlet back in the day... I was unlucky enough to be chosen to start it up. Managing retail employees is the worst. They suck! I found a couple I liked and put them on salary. The salary was less than what they would have earned, but they liked it, and were great employees in a sea of shiat. I could see salaries becoming more common.
Page 1 of 5
Back to top
Follow TigerDroppings for LSU Football News