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With all the talks of how good a $15hr will be for people with no skills, it makes me wonder what will happen to all these no skill employees now.
If wages did go to $15hr, now employees can be much more selective on who they hire as many people would work for $15hr compared to $7.25 hr.
I lean Liberal but agree with Republicans on this... Common sense would dictate that these companies, whose only real interest is the bottom line, will simply ditch half their workers, and make the remaining half work pick up the slack by working twice as hard. So, you'll just have fewer workers, and a more stressed-out unskilled labor force. big whoop.
Not for anything though, your #2 is where I have logical issues... I've been on welfare (do you know anyone who has for you to know this?) and I promise you, there is no way on $800 a month or whatever you can "get what you have" or *anything at all* in a major American city unless you are working off the books, selling drugs etc and *not reporting it*, which is government FRAUD and is in fact its own, separate problem.
No, the market is based on human behavior and can't be changed by governmental laws and regulations. You can distort the market, pervert it, and limit its benefits, which is what the current government is doing very effectively, as witness the dearth of new jobs. But you cannot control human behavior, which always wins in the end. People act in their own self-interest and always have. Those who don't understand this basic concept are doomed to frustration and defeat.
It's like when Obama got up in front of skeptical business leaders a couple of years ago and begged them to open their wallets and start hiring again. The naive fool didn't even understand basic economics. These businesses are not about to throw good money down the drain; their stockholders would object, their management would object, and the employees would object. Obama has vigorously denounced businesses, has sided with the unions against businesses, has tried very hard to break the energy industry in every way possible, and generally has demonstrated no understanding, sympathy, or desire to help America's private sector to grow and thrive.
Can we stop with the obama is anti business myth ?
LOL! That's like the other liberal argument that Obie lowered the budget deficit more than any other prez. Duh, that's because he first raised it more than any other prez in history.
Then there was the one stint he did in the private sector, then he confessed that it was "like working for the enemy".
Then there's his gross incompetence when it comes to encouraging business confidence.
Obama is not a business friendly prez, plain and simple. Even his supporters admit it.
Let's face it, Obama's support base is the unions, the unemployed, and public workers, almost none of whom are pro business. Is it wise to place economic policy making in the hands of these groups? I don't think so. A real business man like Romney would have been a better choice, or else someone with a solid military background who at least understands national security issues. Even G. W. Bush had some military and business background.
Getting back to the topic of minimum wage, the debate has been waging for decades as to whether it helps or hurts. Small, incremental increases cause pain to small businesses and manufacturers, but sudden large increases are really disruptive, just as would be any type of major price increase.
I lean Liberal but agree with Republicans on this... Common sense would dictate that these companies, whose only real interest is the bottom line, will simply ditch half their workers, and make the remaining half work pick up the slack by working twice as hard. So, you'll just have fewer workers, and a more stressed-out unskilled labor force. big whoop.
Logically, if companies could simply make their workers work twice as hard, wouldn't they already be doing that?
Quote:
Originally Posted by blisterpeanuts
LOL! That's like the other liberal argument that Obie lowered the budget deficit more than any other prez. Duh, that's because he first raised it more than any other prez in history.
Er, what specific policies did Obama enact to increase the deficit more than any other president in history?
Oooof, that's high! I've heard that wages earned are much higher than here. What's the median houshold income in San Fran that could support such a median rent rate?
Oooof, that's high! I've heard that wages earned are much higher than here. What's the median houshold income in San Fran that could support such a median rent rate?
San Francisco has it's poor and rich areas like any major city. The median household income in 94105 is $142k, but it's $34k in Chinatown.
Well, there's this integral piece called "money", which does not grow on trees.
Wrong as always; "fiat" money is a measure of value -- nothing more than a way of expressing the wealth behind it. Most of the wealth of visionaries like Gates, Jobs and Bezos has yet to even be recognized as either tangible assets or actual dollars in an account somewhere. It is in the common stock of the enterprises they built, and it can't even be taxed until they, or their heirs, convert it to personal use (but some of the dreamers over there in LeftyLand would love to find a way -- which, in turn, would immediately diminish that wealth).
Or the political hacks can debase the currency by running the printing press to cover ever-growing deficits, as was done in the Sixties and Seventies, and produced inflation rates in the double digits. It has happened before in supposedly-industrialized nation such as Weimar Germany, and more than a few Third World sinkholes -- and it can happen again -- has shown a few signs of picking up in the U S of late, but even Obama is wise enough to know that if it isn't curtailed, the game is over. (Of course, his point-and-grunt constituency will whine about the austerity when the time comes.
So long as the "progressives" continue to pander to the losers who sit in front of the tube buying into stereotypes which ought to have gone out with the 1930's, our economy will continue to stagnate.
29% of workers earn less than $15 an hour including 41% of women.
Raise all of those to $15 an hour, and everyone else will also want an equivalent raise. Prices will suddenly jump by huge numbers, and we have hyper inflation. That will put us right back to where those only earning $15 an hour, will be where the people are working for minimum wages.
A business can only handle a certain amount of payroll, as a percentage of their sales, etc. Raise wages to any real degree, and the company is losing money every time they open up for the day..
Considering how much of our manufacturing has been offshored to Chinese workers making dollars per day... We must have massive deflation... Right? Right??
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