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re: 200,00 likes for this tweet: "you shouldn't own a business if you can't afford $15 MW
Posted on 1/16/21 at 9:21 am to HailHailtoMichigan!
Posted on 1/16/21 at 9:21 am to HailHailtoMichigan!
What's up with the $15/hr mark. That seems like such an arbitrary number that folks are really making a big deal over. Why not set minimum wage at $25. Why settle for only $15.
Better yet, let's go big or go home. If you can't afford to pay all of your employees a 6 figure income, you shouldn't own a business.
Better yet, let's go big or go home. If you can't afford to pay all of your employees a 6 figure income, you shouldn't own a business.
1
Posted on 1/16/21 at 9:34 am to JudgeHolden
What do you think of $15 minimum wage? Please be thorough. Thanks.
Posted on 1/16/21 at 9:42 am to Ole Colonel 27
quote:
In San Diego some restaurants put a minimum wage tax on your check
Which ones?
Posted on 1/16/21 at 9:48 am to NIH
quote:
What do you think of $15 minimum wage? Please be thorough. Thanks.
I think even Trump deserves it, despite plainly low energy, ability, and productivity.
I have not seriously thought about it and am not an economist. That said, like many national programs, this one will be too little in some places and too much in others. I don’t necessarily fully trust the market to set wages well, but I also don’t think that sudden increases every ten years or so are a particularly good idea.
It likely will hasten the exodus from rural areas.
Overall economically, it won’t make much difference in prosperous areas. Marginal businesses in poor areas will suffer. On balance, nationwide, I doubt it moves the needle much.
That’s my lay take.
This post was edited on 1/16/21 at 9:51 am
Posted on 1/16/21 at 9:51 am to HailHailtoMichigan!
Bet these guys didn’t take Economics 101 in their worthless “studies” degree. Get ready for sky high unemployment for the common man and inflation. It is coming!
Posted on 1/16/21 at 9:53 am to QJenk
quote:
What's up with the $15/hr mark. That seems like such an arbitrary number that folks are really making a big deal over. Why not set minimum wage at $25. Why settle for only $15.
15 won't be sufficient for very long. Democrats think you should be able to live in a 2,500 sq ft house and raise 3 kids comfortably on your salary from Wendy's. They also think that Wendy's shouldn't be able to sell anything over the price of $2.
Posted on 1/16/21 at 9:54 am to ABearsFanNMS
quote:
unemployment for the common man and inflation
Inflation for sure. But pumping another 2 trillion into the money supply will likely do that anyway.
Posted on 1/16/21 at 9:55 am to JudgeHolden
quote:
Inflation for sure. But pumping another 2 trillion into the money supply will likely do that anyway.
Well doing both those things isn't good
Posted on 1/16/21 at 9:56 am to upgrayedd
quote:
Well doing both those things isn't good
I’m the choir on this one, preacher man.
Posted on 1/16/21 at 9:57 am to JudgeHolden
quote:
I’m the choir on this one, preacher man.
Well, you're acting as if one doesn't matter because of the other. One exacerbates the other.
Posted on 1/16/21 at 9:59 am to upgrayedd
quote:
Well, you're acting as if one doesn't matter because of the other. One exacerbates the other.
One will exacerbate the other. I agree.
Posted on 1/16/21 at 10:09 am to JudgeHolden
You think small businesses on average can just handle the minimum wage doubling? Please explain.
Posted on 1/16/21 at 10:18 am to NIH
quote:
You think small businesses on average can just handle the minimum wage doubling? Please explain.
Some can, some can’t. I think it’s pretty much that simple.
Ultimately it will push marginal employers toward undocumented workers.
You think that’s a big change?
Posted on 1/16/21 at 10:30 am to HailHailtoMichigan!
I will be investing in companies that produce industrial automation, and robotics equipment , and also upgrade my home security to deal with the increase in crime that will accompany the big rise in unemployment.
Posted on 1/16/21 at 10:35 am to EA6B
As a business owner - Ill pay my people what I want - this won’t change what I pay summer help. Business owners should give this the middle finger
Posted on 1/16/21 at 10:54 am to JudgeHolden
quote:remember, “undocumented workers” doesn’t just mean Hispanics. White and black work under the table in cash jobs too.
Ultimately it will push marginal employers toward undocumented workers.
Posted on 1/16/21 at 10:57 am to JudgeHolden
quote:
Some can, some can’t. I think it’s pretty much that simple. Ultimately it will push marginal employers toward undocumented workers.
What the frick is this bullshite. “Marginal employers?” Is that code for companies that don’t deserve to exist?
Posted on 1/16/21 at 11:00 am to the808bass
quote:
“Marginal employers?” Is that code for companies that don’t deserve to exist?
If increased labor cost kills a small business, then that business either has no pricing power or is struggling already, very likely.
Posted on 1/16/21 at 11:17 am to chalmetteowl
quote:
remember, “undocumented workers” doesn’t just mean Hispanics. White and black work under the table in cash jobs too.
No doubt.
Posted on 1/16/21 at 11:29 am to JudgeHolden
quote:
increased labor cost kills a small business,
It is really astounding how clueless some of you really are.
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