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And you base that on what, other than just lib fairy tale fantasy?
A modest understanding of economics and a little logic.
There is no reason for aggregate demand to decline, if employers simply raise prices to compensate for the higher wages. Actually demand should *increase* because the real income has been shifted to a lower income demographic that tends to spend more of their money.
The only potential business losers will be those who hire a lot of MW labor, but cater to a wealthier demographic. But the wealthier demographic isn't very cost sensitive anyway.
Living standards do NOT increase when a factory buys $50 million dollars in machines and fires 9,000 employees, but still increases production to 70,000 widgets per day.
That's exactly what we've been doing for 200 years. Have living standards increased or not?
There is something you aren't seeing. Can you guess what it is?
If this were true, I'd imagine quite few more people would be supporting it. Money does not appear out of thin air and the owners/shareholders/corporate bosses are NOT going to relinquish their piece of the pie, so… where do these dreamers think it's going to magically come from?
Don't have children if you can't afford them! When has having children been a right? Do we need more population? Free condoms, Plan B, Planned Parenthood, etcetera, there are so many options for people who cannot afford kids I shudder to think how overpopulated we'd be without them!
what kind of question is that? Of course we need more population! Our entire economic and political model is based upon growth, and growth without an increase in population is no longer possible. Who do you think is going to support the infrastructure, social welfare programs, military, and the tens of millions of disabled, retired, and just plain unemployed and unemployable people? Of all the REAL rights, the right to continue our species is our number one need. Children are not for only the wealthy, regardless of whether or not you are channeling Marie Antoinette.
Fail. Stealing is taking something that belongs to someone else. A company's profits belong to the company/shareholders.
My wealth belongs to me. You take that it is stealing. A companies profits belong to the owners. And the owners are in turn owned by their governments. And in America we own the government. So it is stealing.
The wealth transfer that is going on is from the middle to the top.
Nice try, but I never said employees wanting more money is stealing. I think most employees want more money, heck I sure did when I was one. There is nothing wrong or illegal about that.
Getting back to what you posted, you said if profits are going up and CEO is making more while employees get no raises that is stealing. That is asinine, stealing is taking something that doesn't belong to you. Profits belong to the company, and whether employees get a piece of profits or not has nothing to do with stealing since they are working for a wage not as owners of the company.
It might not seem fair to you, but doesn't mean you go all tard and call it stealing.
The wealth of the middle class in America belonged to America. Taking that wealth and repurposing it is stealing.
What we have had is the growth in wages of the bulk of the workers has been constrained as the top was allowed to grow. As this was going on we had a 2X on debt a measured in % GDP. (1980 'til now) The FED was charged with maintaining wage price stability. The economy did a nice 2X and that went to the top. As the economy did its 2X outsourcing was en vogue. I don't own my job, but we own our jobs. The national debt is leveraged against our job base.
Actually several years after. I would expect a contraction if we got a $30hr minimum wage, after that reasonable growth, my labor pool normally has 2% higher employment rate than the national average.
Japan will raise the minimum wage by 3 percent each year from next fiscal year as part of a package of policies aimed at strengthening consumer spending and stoking economic growth.
They should up it more the first year and then have it go up by a higher % each year after.
The point of doing this IMO is to move the median income higher. A 3% a year increase is better than nothing but not enough to get the job done.
Oh, I'd offer pension, full benefits, free medical, free dental, free schooling for your kids, paid vacations, free breakfast and lunch daily, and an office barista to make you any coffee drink you desire if I were in the business of fleecing hard-working Americans of their hard-earned money. Unfortunately, I actually have to EARN my money. I have to offer a good or service at a reasonable price and make the most of the resources I have. I can't just push my boot on the throats of hard-working people a little harder and squeeze out more dollars for my lazy behind.
Government workers are parasites with no accountability and no purpose other than to milk the working man. You want the nanny state to treat you like a mentally retarded child then go to Cuba, North Korea, or any other glowing example of communism. If, on the other hand, you're not a pathetic sack who needs his hand held by big brother then nut up and take care of yourself. No one owes you a pension.
Heh, so is corporate America. How many freebie bailouts were provided with no accountability? How many corporations use foreign holdings as tax shelters? Kind of puts the unemployment and welfare "freeloaders" in perspective eh?
Quote:
Originally Posted by KazChasey
Spend less, make more, Save, make better decisions, learn to invest, grow the eff up.
Excellent advice. Let's apply this to these comments....
Quote:
Originally Posted by Arcenal352
I had a discussion with my wife about this. She is a small business owner. Her employee wages vary from $10-$15. She has maybe 10 or so employees. No one is going to want to work for her at minimum wage, so if MW is $15, she'll have to up her lowest paid to $17 or $18. So assume everyone gets a $5 increase. That's $50/hr extra she has to pay; $2,000/week, and $104,000 annually. Her business would tank in NO TIME. Same goes for pretty much any other small business out there.
If you want lower minimum wage, there will also be lower standard of living. Mexico has an official minimum wage of about $4.20 an hour, although in reality it is not always enforced so workers there can be paid as little as $0.60 an hour. It is like that in most of Latin America. I don't think I even need to go into wages in Asia.
You defeated your own argument here.
Quote:
Originally Posted by redguard57
More money in minimum wage earner's pockets at a macro level actually helps companies like Wal-Mart and McDonald's because their customers are downscale. Minimum wage workers spend 100% of what they earn, so if you raise their wages, it goes directly into the economy, into exactly the kinds of businesses they work for.
Of course they can afford it; they are large companies who make large profits. What about smaller businesses who can't afford the increase? That's what amazes me about these Sanders supporters. They are vehemently opposed to the existence of large corporations while supporting a minimum wage law that will give them an even more monopolistic market share.
Of course they can afford it; they are large companies who make large profits. What about smaller businesses who can't afford the increase? That's what amazes me about these Sanders supporters. They are vehemently opposed to the existence of large corporations while supporting a minimum wage law that will give them an even more monopolistic market share.
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