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Old 06-04-2014, 03:31 PM
 
4,043 posts, read 3,704,700 times
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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. Many times minimum wage jobs are given to people that will get a job that most people refuse to work, as most people will not flip burgers or mop floors etc. 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.
So when many of these no skilled workers that no one wanted to hire previously because of their poor worth ethic, poor appearance, or ghetto/rotten attitudes, but had no choice because no one else would take the job, now cant get a job because better applicants will now works those positions, will they do the next thing in resorting to stealing since they can no longer provide for themselves and no one will hire them since there will be less jobs available.

Its only 3 ways people can provide
1. Work to pay for what you have
2. Get assistance from the government to get what you have
3. Steal/Rob to get what you have


Choices 2 and 3 are going to go up big time if min wage goes $15hr nationwide.
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Old 06-04-2014, 03:41 PM
 
17,628 posts, read 12,224,034 times
Reputation: 12864
What happend when min wage went up 40% last time?
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Old 06-04-2014, 04:01 PM
 
Location: WA
5,293 posts, read 20,713,721 times
Reputation: 5622
I talked to a friend that runs a business in Seattle where the city just decided to move the minimum to 15. He said he fully understands his staff needing the money but explains it has to come from somewhere. In his case 50% will come from reduced total compensation (all optional staff/benefits eliminated) and 50% will come from increased prices. If this does not work he will move the business if possible or just close it.

In today's economy he simply does not have any other options... he takes a modest salary, has commitments to pay start-up loans, and what little profit there is retained for emergency/growth. He told me that he regrets starting the business now that regulations over the past few years have reduced his chance for a real payout to compensate for the risk, work, and time he has dedicated.

Minimum wage / benefit laws will actually hurt workers in many cases.
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Old 06-04-2014, 04:19 PM
 
17,749 posts, read 15,034,268 times
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Well if real estate was allowed to fall to affordable rates then the cost of living would also fall and there would be no need for $15 an hour.

FRB: H.4.1 Release-- Factors Affecting Reserve Balances -- Thursday, May 29, 2014


Rigged
Mortgage-backed securities4 1,653,589
and rigged again....
Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of
the securities.
Why all the fuss about wage manipulation but not asset manipulation which is causing all the wage distortion in the first place?
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Old 06-04-2014, 04:34 PM
 
4,130 posts, read 3,726,633 times
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Quote:
$15HR min. wage will cause Govt assistance & crime to skyrocket
Um, sure. Can you give me next weeks lottery numbers as well while you have your crystal ball out?
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Old 06-04-2014, 05:01 PM
 
Location: Business ethics is an oxymoron.
1,672 posts, read 2,081,015 times
Reputation: 3266
WHAT PROPONENTS OF AN INCREASED MINIMUM WAGE WANT:
  • Gasoline, one gallon: $.25
  • Ground beef, one pound: $1
  • Lowfat milk, one gallon: $.75
  • Bread, one standard loaf: $.50
  • 2014 Honda Civic: $1500
  • Rent, 1000sq ft/2BR per month: $100
  • Minimum wage/hour (mandated 30hour week) $50
WHAT OPPONENTS OF AN INCREASED MINIMUM WAGE WANT:

  • Gasoline, one gallon: $12.75
  • Ground beef, one pound: $20
  • Lowfat milk, one gallon: $9.75
  • Bread, one standard loaf: $12.50
  • 2014 Honda Civic: $975,000
  • Rent, 1000sq ft/2BR per month: $3600
  • Minimum wage/hour (mandated 160 Hour week) $.25
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Old 06-04-2014, 05:04 PM
 
17,628 posts, read 12,224,034 times
Reputation: 12864
Quote:
Originally Posted by Des-Lab View Post
WHAT PROPONENTS OF AN INCREASED MINIMUM WAGE WANT:
  • Gasoline, one gallon: $.25
  • Ground beef, one pound: $1
  • Lowfat milk, one gallon: $.75
  • Bread, one standard loaf: $.50
  • 2014 Honda Civic: $1500
  • Rent, 1000sq ft/2BR per month: $100
  • Minimum wage/hour (mandated 30hour week) $50
WHAT OPPONENTS OF AN INCREASED MINIMUM WAGE WANT:

  • Gasoline, one gallon: $12.75
  • Ground beef, one pound: $20
  • Lowfat milk, one gallon: $9.75
  • Bread, one standard loaf: $12.50
  • 2014 Honda Civic: $975,000
  • Rent, 1000sq ft/2BR per month: $3600
  • Minimum wage/hour (mandated 160 Hour week) $.25


Any logic behind your numbers or just bs?
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Old 06-04-2014, 05:06 PM
 
Location: Business ethics is an oxymoron.
1,672 posts, read 2,081,015 times
Reputation: 3266
Complete BS.

But it seems to be the underlying vibe I'm getting from reading both sides of this argument beating it like a red headed stepchild with freckles.
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Old 06-04-2014, 06:06 PM
 
Location: Verde Valley AZ
8,275 posts, read 9,109,458 times
Reputation: 10434
Quote:
Originally Posted by Lowexpectations View Post
What happend when min wage went up 40% last time?
I don't think the world ended but you'd have thought it was going to with all the wailing and gnashing of teeth. Sorta like what's going on right now. People like to predict the most dire things. They predict that prices will go up if we all get raises. Well, far as I can tell they are going to go up anyway which puts low wage earners even further behind. We see/hear people complaining about prices every day and yet they don't want low wage earners to be able to keep up? I work in retail and hear it from just about every other customer.

If the minimum goes up to $15 hour it won't happen in one fell swoop. It'll be 'doled out' over a seven year period. Someone making $10 hour will wait seven years for that $5 raise, which averages out about 71 cents a year raise. It's not like everyone making $10 hour NOW will be making $15 next week/month/year, whatever.
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Old 06-04-2014, 09:18 PM
 
Location: Houston, TX
1,141 posts, read 2,784,889 times
Reputation: 788
Quote:
Originally Posted by AZDesertBrat View Post
I don't think the world ended but you'd have thought it was going to with all the wailing and gnashing of teeth. Sorta like what's going on right now. People like to predict the most dire things. They predict that prices will go up if we all get raises. Well, far as I can tell they are going to go up anyway which puts low wage earners even further behind. We see/hear people complaining about prices every day and yet they don't want low wage earners to be able to keep up? I work in retail and hear it from just about every other customer.

If the minimum goes up to $15 hour it won't happen in one fell swoop. It'll be 'doled out' over a seven year period. Someone making $10 hour will wait seven years for that $5 raise, which averages out about 71 cents a year raise. It's not like everyone making $10 hour NOW will be making $15 next week/month/year, whatever.
Prices are going up already mainly because of inflation, government regulation, taxes, etc...forcing companies to pay more for labor is not going to lower prices. What people don't seem to want to accept is that companies keep their wages as low in response to their customers demand for low prices. Shoppers by and large are simply not willing to pay higher prices just so that some stranger working the cash register can earn a "living wage".

Also, if the min wage of $15 an hour is so great, why force workers to wait 7 years? Why not have it effective immediately? Probably because the politicians know that the disastrous effects of such a sharp rise in labor costs would be too severe for their reelection goals. It's really designed to spread the unemployment increases out in such a way that it would either go largely unnoticed by the average voter or in a way that the unemployment increases doesn't take its toll until after the politicians are out of office.
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