re: Minimum Wage - Change my mind, or point me somewhere that can

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government suddenly raised the minimum wage to $15.

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will never happen but the fear mongering has been pretty amusing

and all likelihood something like florida is doing with mw will be standardized across the country.

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If Mr. Dingle, as the CEO of XYZ Corp has an annual salary of 5mil.
There are 50 employees of XYZ corp dependent on the federal government's SNAP program for food assistance.
Why should taxpayers foot the bill for those employee's food stamps? Couldn't/shouldn't the business pay a more fair wage as opposed to taxpayers enabling (subsidizing) what might be considered a socially irresponsible business plan, which then enables that 5mil salary, which enables that CEO to purchase his 3 vacation homes??

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That's actually the first reasonable argument I've heard that's pro min wage increase. Problem is, the one size fits all aspect to it. You have small town local businesses that are going to have to double their operating cost and they don't have the margins to do it. Obviously the business owner isn't pulling in absurd profits like the CEO in your example but both are very real situations.

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Nguyener

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Everything you said is accurate. Just want to comment on this:

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Parking lot attendant: fired
1 cashier: fired
2 cashier: $15 per hour
1: customer service cashier: $15 an hour
1: Floor manager: $20 per hour

While that looks like raises on paper you have to view it in reality:

I fired two employees and the employees I kept actually got a pay decrease relative to minimum wage instead of the great money they were making and that hurts in the long run as the economy inflates to meet the difference.

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This is exactly what would happen. However, (and this isn't necessarily directed towards you, but the majority of posters in this thread) the argument for minimum wage isn't necessarily that everyone would be better off. The argument is that some would be better off and better contributors to society when they are making decent money. Undoubtedly there would be massive layoffs because simply, some people are not worth more than $7.25/hr. However, just like in your scenario, 4 people would get raises and are much better off.

Now I am not advocating for raising the federal minimum wage. I think cost of living should come into play, $15 is an absurd number in Hammond, LA, but in San Francisco its probably about right. Reality is that the market for minimum wage labor is not as efficient as it should be because people aren't moving to cheaper COL areas where they would be better off... It also bothers me that a large majority of the people that are in favor of increasing it are those that stand to directly benefit from it. Or even worse, those that think they stand to benefit from it, and don't realize they would be fired immediately.

I just figured I would say something because there is far too much disinformation about the topic. There would not be rampant inflation. The cost would not just be passed onto the consumers and now everything is $5 more expensive. I feel like I see that type of stuff all the time.

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4 people would get raises and are much better off.

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Yes, they would get raises but are they really better off. 2 cashiers now have to do the work of 3 and someone has to cover the work the parking lot attendant was doing. Financially they would be better off, but they will eventually be stressed by the extra work.

Just for a reference point, the highest the minimum wage has ever been in inflation-adjusted dollars is the current equivalent of just under $12 in the late 60s. So a $15 minimum wage represents a 25% increase over the highest all time high minimum.

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gas station clerks. grocery baggers

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Doesnt have to be performed by full time workers

How about looking up evidence from places that have already increase the minimum wage and seeing the impact.

Or you can read some moron post a made up story about a grocery store as evidence.

Minimum wage should be abolished.

If someone wants to pick grapes for $5 per hour, it shouldnt be illegal.

Forcing jobs off the books is not a solution to labor.

No one is forced into a minimum wage job. As a matter of fact, very few employers start out at minimum wage. The idea that this will save anyone from poverty is laughable.
Individuals know how much they can make to take advantage of earned income credits and welfare benefits (too much pay and the free shite goes away).

Here's the thing, Jim.

Those that support this $15 min wage, believe that the money will simply come out of corporate earnings / exec earnings.

So if company is making 1B in profit now, and these changes are made, then they will just make 5M in profit after, and that's enough, and that's how this will work.

The problem is, that's not how it works. Companies will cut employees, add tech, and do other things to keep the profit at 1B.

But the people pushing these policies don't understand that.

I will say one thing. We have created a society that, compared to say 50 years ago, cares a lot less about their employees now. That change in mindset wasn't caused by government action, and government action won't reverse it.