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Posted on 6/11/18 at 1:30 pm to yoga girl
quote:
Of all people, you should know that income inequality will lead to the downfall of this country. Unless we place limits on wealth and income, the country will fail.
If you limit how much someone can make, why would they ever work hard?
Posted on 6/11/18 at 1:31 pm to yoga girl
quote:
Most young workers cannot afford to eat at casual dining restaurants. If you make $8 an hour, how are you going to afford a $20 meal?
I really don't think that's the issue here. The people you are referring to don't eat at any resturants... I think this issue at hand here is that most millenials would rather use their $20 on a plate of artisinal locally sources alvacado toast than a meal from applebees
Posted on 6/11/18 at 1:32 pm to yoga girl
quote:
Of all people, you should know that income inequality will lead to the downfall of this country. Unless we place limits on wealth and income, the country will fail.
Wait, what.... hold the phone girl, I believe you have me confused with Bernie.
Posted on 6/11/18 at 1:33 pm to rowbear1922
quote:
Explain to me WHY any fast food worker deserves that much? After YEARS working for a business, I finally got to $15 / hour and it was doing much harder work than flipping burgers. I never made more than $15 an hour until I went back and graduated from college.
If the minimimum wage is elevated, those who make $12 per hour now would see their pay escalate. Basically, the lowest wage earners would benefit the most, the overpaid elite would have to give up some pay (but most don't truly "earn" what they are paid).
Posted on 6/11/18 at 1:34 pm to yoga girl
quote:
If the minimimum wage is elevated, those who make $12 per hour now would see their pay escalate. Basically, the lowest wage earners would benefit the most, the overpaid elite would have to give up some pay (but most don't truly "earn" what they are paid).
Then you will see less hiring and more of a move to automation. Plus, your mom and pop place cannot afford to pay everyone that much and still be profitable.
Posted on 6/11/18 at 1:35 pm to rowbear1922
quote:
If you limit how much someone can make, why would they ever work hard?
A good argument, but easily debunked. Do you really think the fat cat CEO of some corporation will work less for $3 m per year than he would for $5 m?
There are people in this country who are paid obscene amounts of wages, or who have accumulated obscene amounts of wealth.
I'm not saying everyone gets the same pay. I'm not a communist or socialist. I'm saying that the range of income needs to be significantly narrowed, or the whole country will end up like SF where only the rich or homeless can afford to live there.
Posted on 6/11/18 at 1:35 pm to yoga girl
quote:
If the minimimum wage is elevated, those who make $12 per hour now would see their pay escalate. Basically, the lowest wage earners would benefit the most, the overpaid elite would have to give up some pay (but most don't truly "earn" what they are paid).
Posted on 6/11/18 at 1:37 pm to rowbear1922
quote:
Then you will see less hiring and more of a move to automation. Plus, your mom and pop place cannot afford to pay everyone that much and still be profitable.
No, because I suspect that we will have to pass laws that require robotic workers to have a human attendant. Something has got to stop automation from stealing jobs that people need. And the Mom and Pop will have more customers as the underpaid make decent money.
Posted on 6/11/18 at 1:37 pm to yoga girl
quote:
How about a $15 per hour minimum wage?
OK. Let’s say they do that. They raise all their employees wages to $15 per hour. That means their labor costs just doubled. How many businesses do you think can just double their labor expenses without having to either jack up their prices or cut expenses elsewhere? I’ll help you out. It’s none. They will have to raise prices on their products or cut expenses by reducing their workforce.
So are you going to be willing to pay $10 for a Big Mac? And that’s just the Burger. Go ahead and figure on a Big Mac combo being about $12 - $15. And while you’re sitting there with your $15 Big Mac combo, keep in mind that while that restaurant use to employ about 20 people at about $7 or $8 per hour, now they can only afford to employ about 10 at $15 per hour. What happens to those 10 who lost their job? Where do they go? Nobody will be hiring because they’re having to cut labor costs as well. And the rest of the workers will soon be out of work as well because there’s not enough people willing to spend $15 for one burger combo. So really what you’ve done by raising minimum wage to $15 per hour is drive the burger joint out of business.
Posted on 6/11/18 at 1:38 pm to yoga girl
quote:
A good argument, but easily debunked. Do you really think the fat cat CEO of some corporation will work less for $3 m per year than he would for $5 m?
I think they would move the headquarters overseas before they take a $2M pay cut.
Posted on 6/11/18 at 1:38 pm to yoga girl
quote:
Most young workers cannot afford to eat at casual dining restaurants. If you make $8 an hour, how are you going to afford a $20 meal?
Millennials are like in middle 20s now at worst, so get a better job than something paying $8 an hour
Posted on 6/11/18 at 1:38 pm to yoga girl
quote:
No, because I suspect that we will have to pass laws that require robotic workers to have a human attendant. Something has got to stop automation from stealing jobs that people need.
What a stupid idea
Posted on 6/11/18 at 1:38 pm to yoga girl
quote:
the overpaid elite would have to give up some pay
These are the business owners who risk everything. Why is income equality not fair. Did they teach economics at SMU or Baylor? I forget which one you went to.
As you grow older, your thinking will change.
Posted on 6/11/18 at 1:39 pm to Street Hawk
Are milennials really to blame? If a business fails, do you blame the customers (or lack of) or do you blame the business for not adapting?
Honestly, I never understood the hype over BWW. It's chicken wings. Like a lot of other people, I like chicken wings, but there is nothing special about them.
My brother makes good wings. I forget what he uses, but I would rather go to his house, eat wings, drink the beer I go buy at a grocery store (which is cheaper than what it would cost me a BWW) and watch whatever sporting event I am going watch.
Honestly, I never understood the hype over BWW. It's chicken wings. Like a lot of other people, I like chicken wings, but there is nothing special about them.
My brother makes good wings. I forget what he uses, but I would rather go to his house, eat wings, drink the beer I go buy at a grocery store (which is cheaper than what it would cost me a BWW) and watch whatever sporting event I am going watch.
Posted on 6/11/18 at 1:40 pm to yoga girl
quote:
No, because I suspect that we will have to pass laws that require robotic workers to have a human attendant. Something has got to stop automation from stealing jobs that people need. And the Mom and Pop will have more customers as the underpaid make decent money.
So you have 1 attendant instead of 6-7 workers, corporation still comes out on top.
Let's just say the mom and pop place is a gas station. If you nearly double what they must pay the workers, they will let workers go.
Posted on 6/11/18 at 1:40 pm to upgrayedd
Instead of posting some gif, why don't you tell me why you believe these high paid individuals actually earn their money?
There are few people in this world who work and "earn" more than $1.0 million per year (and the figure is likely lower than that).
What always frustrates me (and I own stocks) is how the new CEO's come in and they always cut labor to bump up the stock price. I'd take a small return for not using job cuts to make the bottom line better.
There are few people in this world who work and "earn" more than $1.0 million per year (and the figure is likely lower than that).
What always frustrates me (and I own stocks) is how the new CEO's come in and they always cut labor to bump up the stock price. I'd take a small return for not using job cuts to make the bottom line better.
Posted on 6/11/18 at 1:41 pm to yoga girl
quote:
There are few people in this world who work and "earn" more than $1.0 million per year (and the figure is likely lower than that).
uh, according to who, you? Because the market dictates what people are worth in this society, not your notions of what hard work is.
Posted on 6/11/18 at 1:41 pm to yoga girl
quote:
No, because I suspect that we will have to pass laws that require robotic workers to have a human attendant. Something has got to stop automation from stealing jobs that people need. And the Mom and Pop will have more customers as the underpaid make decent money.
Another thread where yoga girl can prove she does not know the very basics of business, supply and demand, econ.
This post was edited on 6/11/18 at 1:47 pm
Posted on 6/11/18 at 1:42 pm to rowbear1922
quote:I just read an article in the Guardian about wealthy scum buying citizenship in other countries as a tax dodge.
I think they would move the headquarters overseas before they take a $2M pay cut.
Simple solution: Don't let them. You don't get to build your business here then move because we won't let your selfish CEO garner some outlandish, lavish salary.
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