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re: $15 minimum wage proposal
Posted on 7/19/19 at 3:38 pm to RogerTheShrubber
Posted on 7/19/19 at 3:38 pm to RogerTheShrubber
quote:
Populism, which appeals to the least common denominator.
I'm not talking about unions.
1
Posted on 7/19/19 at 3:45 pm to Mingo Was His NameO
quote:
Wages are not just like "every other price in the market"
Not even close to being true.
How so? It is the price of labor services. For a business, if the cost of materials goes up, they will look for substitutes. What makes labor any different?
Posted on 7/19/19 at 4:50 pm to mylsuhat
Tipped employees make like 5.25 an hour in Florida. Not 2.25
Posted on 7/19/19 at 4:53 pm to JETigER
quote:
you make minimum wage you are a what "Britney Spears is for you"
How high are you right now?
Posted on 7/19/19 at 5:21 pm to WG_Dawg
quote:
Personally I hate it. There is then no incentive for a waiter to do his job well since he already knows his wage. I prefer cheaper cost of meals and being able to tip appropriately based on the level of service.
Do you get tipped? What incentive is there for you to do your job?
Posted on 7/19/19 at 6:35 pm to FightnBobLafollette
Inflation is healthy, and this is how inflation should be, from the bottom up. Poor people spend every dollar they have and stimulate economy.
There are two scenarios. one- give money to the poor employees, they spend it, it drives demand and increases prices, then companies make more money, then they can give employees a raise.
Scenario two- incentives can be given to large companies, these incentives will increase their margins, at this point the company can decide to grow their company, takes larger profits, give dividends to investors, or give raises to their employees.
It is much more likely that a poor person spend every dollar they have, and stimulates the economy, than a large business deciding to give it to employees. The best businesses are cutthroat.
There are two scenarios. one- give money to the poor employees, they spend it, it drives demand and increases prices, then companies make more money, then they can give employees a raise.
Scenario two- incentives can be given to large companies, these incentives will increase their margins, at this point the company can decide to grow their company, takes larger profits, give dividends to investors, or give raises to their employees.
It is much more likely that a poor person spend every dollar they have, and stimulates the economy, than a large business deciding to give it to employees. The best businesses are cutthroat.
Posted on 7/19/19 at 6:43 pm to Obtuse1
If you have a business that brings in 1,000,000 in revenue and you have $400,000 budgeted for salary and then overnight, the federal gov says you now have to pay at least $15/hour, what would you do?
Posted on 7/19/19 at 7:34 pm to SlidellCajun
Apparently socialist Bernie Sanders does not pay his people a livable wage either.
Posted on 7/19/19 at 8:19 pm to Geauxld Finger
quote:
Sounds like this will be proposed federally
Not with the TRUMP, the greatest president in my lifetime, in office.
Posted on 7/19/19 at 8:26 pm to Supermoto Tiger
I may have missed it, but has anyone pointed out that min wage jobs were not intended to to be a wage that supports a family?
This is some pre-election, vote-buying, sensationalistic horse-shite.
This is some pre-election, vote-buying, sensationalistic horse-shite.
Posted on 7/19/19 at 8:28 pm to Geauxld Finger
I think you will see a rapid increase in automation and an increase in unemployment. Costs for goods and services will go up. Basically, it will just make things more expensive for everyone else.
Posted on 7/19/19 at 10:01 pm to SlidellCajun
No one is proposing that.
Posted on 7/19/19 at 10:05 pm to Mingo Was His NameO
quote:
I'm not talking about unions.
Neither am I. Populism is a political philosophy that appeals to short sighted people.
But when labor costs more, employers will seek more efficient alternatives and buy less
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