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This only works if you pretend inflation doesn't exist.
Inflation would justify an annual increase of about a quarter for minimum wage employees. I'm ok with that, as are most corps. Now the employees should increase their productively 3% annually to offset that quarter.
Because raising minimum wage increases employer costs and that money has to come from somplace...... It's one of things that CAUSES INFLATION IN THE FIRST PLACE.
Do you think there is a magic money fairy that covers employers costs when minimum wage is increased?
Do you think that the CEO of McDonalds is going to take that money out of his own pay or find a way to make do with less employees and raise the price of a Happy Meal to cover the costs?
Holy cow people!!!! this is common sense here.....
These are the very same folks who non stop whine about how greedy big corporate CEO's are, but now all of a sudden they are going to be compassionate and make less, because they raise minimum wage.
Would you hire someone to be a cook that has no idea how to cook? Most jobs don't just hire people that don't qualify for a job. That would be bad business.
That's why minimum wage is a training wage and not meant to be a living wage.
It's so businesses can hire someone and train them to be a cook (or whatever) and eventually make 15.00 per hour or more without having to risk hiring someone who says they can do the job but can't.
That's why minimum wage is a training wage and not meant to be a living wage.
It's so businesses can hire someone and train them to be a cook (or whatever) and eventually make 15.00 per hour or more without having to risk hiring someone who says they can do the job but can't.
Many states have a sub-minimum wage called a "training wage".
The reason that a minimum wage was enacted as part of the New Deal was to stop the downward spiral of wages during the Great Depression. That was also when the 40 hour week with overtime was enacted. It was thought that paying overtime would force those businesses that were actually hiring to cut off hours and then hire more people rather than pay a premium. http://www.dol.gov/dol/aboutdol/history/flsa1938.htm
A generalized statement directed at me specifically...
Quote:
Originally Posted by urbanlife78
I notice so many conservatives when talking about these minimum wage threads all seem to pretend they own a business and that they all pay their employees well above minimum wage, but somehow the minimum wage effects their high paid employees.
Again, who's pretending?
I have one non-owner employee. He gets paid minimum wage. He also gets a roof over his head, food on the table, clothing on his back, gas money, car repair money, electricity, cable TV, etc. Like most minimum wage earners, the bulk of his expenses are paid for by someone else. The only thing he pays for himself is his car insurance, cellphone bill and whatever non-essentials he wants to buy. So while on paper he's only making minimum wage, he's getting a hell of a lot more than that for the time he puts in. Working in the family business has its pros and cons.
Outside of family, nobody in our industry would work for minimum wage. Anyone with experience in our field could easily demand quite a bit more than that, and would get hired pretty quickly. Experience is very valuable in what we do.
Please, don't give me that "heart felt" crap. Wanting to increase minimum wage isn't some "heart felt" thing, that is just a lie your right wing media feeds you.
Oh?
Alright then, explain to us your reasons for wanting to increase the minimum wage during a bad economy, and do it without using a single emotional element. What LOGICAL reason do you have for wanting to do that?
Because raising minimum wage increases employer costs and that money has to come from somplace...... It's one of things that CAUSES INFLATION IN THE FIRST PLACE.
Do you think there is a magic money fairy that covers employers costs when minimum wage is increased?
Do you think that the CEO of McDonalds is going to take that money out of his own pay or find a way to make do with less employees and raise the price of a Happy Meal to cover the costs?
Holy cow people!!!! this is common sense here.....
Most jobs pay above minimum wage, therefore the effect on inflation would be very low and the rate of minimum wage increases has been below the rate of inflation. Now if we were talking about raising the minimum wage beyond the rate of inflation, then you might have something, but we are not.
Inflation would justify an annual increase of about a quarter for minimum wage employees. I'm ok with that, as are most corps. Now the employees should increase their productively 3% annually to offset that quarter.
Productivity has been increasing, but minimum wage has not been keeping up with the increase in productivity, so what is your excuse now?
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