Fast Food wages going up all over

[Mircea]

Originally Posted by LolaSonner

Have you taken COL increases and inflation into account?

Why would any intelligent person do that?

Originally Posted by LolaSonner

Considering the minimum wage has not kept up with inflation and the COL,

Cost-of-Living and forms of Inflation are related, but there is no Law of Economics that says any wage must keep pace with either Inflation or Cost-of-Living.

If you have proof to the contrary, show us.

Originally Posted by LolaSonner

Also, the dollar has been losing value, didn't you know that? The dollar in 1985 is not the dollar of 2014/2015. So you actually get angry that workers should dare to want more money considering that the money they make is worth less and buying less than it has in decades past?

You are the cause of higher prices.

Originally Posted by LolaSonner

Minimum Wage Would Be $21.72 If It Kept Pace With Increases In Productivity: Study

Productivity has not increased dramatically, and wages are not intended to keep pace with productivity.

Again, if you have proof to the contrary, then show us the Economic Law that backs up your claim.

Originally Posted by LolaSonner

Not to mention that if you go looking through job sites you will see companies offering $10 an hour to people with Bachelor's degrees, which is UNCONSCIONABLE. It's driven by the CEO's ravenous greed.

Only 3% of US Businesses are publicly traded corporations.

Wages are determined by Supply & Demand for a given Skill-set in a specific Labor Market, not educational level.

[Mircea]

Originally Posted by dkane1113

I am reading a lot of heated, negative, anti-minimum wage worker comments here.

No, reality is neither negative nor anti-anything.

Originally Posted by dkane1113

Yes, a lot of these jobs are so easy a monkey can do them. However, these jobs are back breaking and soul crushing.

Not relevant.

Wages/salaries are based on the Supply & Demand of a given Skill-Set in a specific Labor Market, not fanciful aquatic ceremonies.

Originally Posted by dkane1113

Not only do I work with a lot of middle aged people, a multitude of my co-workers are college grads and cannot find any management positions that pay more than $13 and hour anywhere.

WWND?

What Would Neanderthal Do?

Neandertal man would relocate to place where he got paid higher wages, or where the Cost-of-Living was less, or a combination of both, even if that meant leaving the US and working in a foreign State for several years.

Obviously, Neanderthals are smarter than college grads.

Originally Posted by dkane1113

Greedy corporations have sent most of those jobs overseas to countries that will work for slave labor wages.

You claim to be college educated.

Vlad the Romanian earns $1.40/hour minimum wage. Like 94+% of Romanians, Vlad owns his own home and wants to buy things to furnish his home.

Should Vlad pay $15 for something Made in America or $4 for something Made in China?


How many Americans can own their own home on $1.40/hour?

What kind of "Slave Wages" (snicker) allows one to own their own home?

Originally Posted by dkane1113

This country needs to save it's middle class workers and take back jobs.

Whatever on Earth are you going to do when India enters its 2nd Level Economy like China did?

Rajiv the Indian only earns $0.28/hour, and that isn't a slave wage.

Originally Posted by dkane1113

It's a shame that these major corporations get away with off shoring jobs and avoid paying taxes.

Did it ever occur to you that the profits made outside the US are subsidizing jobs in the US?

Originally Posted by dkane1113

We need our decent paying jobs and factories back.

They're never coming back so forget it.

Here's the reality:



Your Standard of Living and wages are headed to where they should have always been, had you not become an empire.

So just get used to it, and start learning how to do less with less.

[Mircea]

Originally Posted by jm1982

There are lots of people that could legitimately feel they are underpaid.

The Laws of Economics don't care how people feel.

Originally Posted by 2sleepy

Heritage, AEI and National Review are right wing organizations, ....

Heritage is Left-Wing.

Here, I'll graph it in hopes that you and others might actually learn something. Here's a 2-Dimensional graph for the 1-Dimensional minds....




The "X" is where Neo-Conservatives and the Heritage Foundation are located.

After you all read "Two Cheers for Capitalism" by the god-father of neo-conservatism Irving Kristol, and the "Cultural Contradictions of Capitalism" by neo-con economic guru Daniel Bell, you'll have an understanding of neo-Trotskyism.

Originally Posted by 2sleepy

In that article, he claims that in order to remain profitable, Wendy's could only afford to pay $1.62 an hour in higher wages. He arrived at that by multiplying 37,000 (employees) X $1.62 X 2000(hours worked).

At which point their stock would plummet to $0.03/share.

Originally Posted by 2sleepy

That is not how you calculate the cost of a wage increase. Wages are about 25% of the cost of goods sold, but about 7% of those labor costs are fixed and don't increase with a wage hike.

Ah, a cut-n-paste talking points meme.

That's incorrect. Each employer has their own model.

Originally Posted by ocnjgirl

And economists have documented the burden on taxpayers, who foot the bill for the federally-funded assistance programs that many fast-food workers rely on.

The so-called "federally-funded assistance programs" are paid for by tax-payers, not the federal government, and they are purely optional, not required. We can vote to end, curb or severely restrict such programs.

Myself, I'd require all on those programs to use a mandated payee.

[2sleepy]

Originally Posted by Mircea

Here's the reality: Your Standard of Living and wages are headed to where they should have always been, had you not become an empire. So just get used to it, and start learning how to do less with less.

What is this? Do you have a source for it and how does it relate to this discussion?
[IMG][/IMG]

[2sleepy]

Originally Posted by Mircea

The Laws of Economics don't care how people feel.
Heritage is Left-Wing. Here, I'll graph it in hopes that you and others might actually learn something. Here's a 2-Dimensional graph for the 1-Dimensional minds....Ah, a cut-n-paste talking points meme.

You have a right to disagree with me, but please don't try to support your position by drawing a graph and sticking an X somewhere on it. And there is no need to insult me with a comment like this: "2-Dimensional graph for the 1-Dimensional minds". Do you think that strengthens your argument? How about this, get some real data, and we can try to have an intelligent discussion about this.

[2sleepy]

Originally Posted by Mircea

Why would any intelligent person do that?
Cost-of-Living and forms of Inflation are related, but there is no Law of Economics that says any wage must keep pace with either Inflation or Cost-of-Living.If you have proof to the contrary, show us.You are the cause of higher prices.Productivity has not increased dramatically, and wages are not intended to keep pace with productivity.Again, if you have proof to the contrary, then show us the Economic Law that backs up your claim.Only 3% of US Businesses are publicly traded corporations.Wages are determined by Supply & Demand for a given Skill-set in a specific Labor Market, not educational level.

Interesting claims, how about some links that will support those? Looks like fodder for an interesting discussion, but mere opinion seldom provides a foundation for a healthy debate.