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Don't go starting a family if you cannot afford to raise them on the salary you make.
Burger flipper is not a lifetime career. Only 4% make min wage and of that 4% more than half are younger than 25.
If only 4% of people are minimum wage earners, than any increase won't cause inflation or any major nationwide economic changes.
So regardless of how trivial the work is - someone should be paid $20/hour? Same in NYC as in Omaha?
School teachers with a college degree are paid a bit more than that in much of the US. Shouldn't they earn a lot more than a french fry cook?
$40,000 a year(that is how much $20 an hour amounts to) is not extravagant in Omaha or any US city. As far as school teachers, I don't think French fry cookers should be paid poverty wages because we don't want college educated people earning the same or similar to "lowly people."
$40,000 a year(that is how much $20 an hour amounts to) is not extravagant in Omaha or any US city. As far as school teachers, I don't think French fry cookers should be paid poverty wages because we don't want college educated people earning the same or similar to "lowly people."
Are you saying its not fair a french fry cook makes less than a college educated person?
When you bump the minimum wage, costs increase. Seniors who are on fixed incomes don't get an increase. Many seniors are living in abstract poverty now. Do you really want to worsen their position?
Cost increases are negligible. Labor cost are not the only thing that that determines prices. If anything the CEOs/managers will see a smaller profit and a smaller pay on their end.
Are you saying its not fair a french fry cook makes less than a college educated person?
No, I am saying that we should not artificially bring down the minimum wage (even to the point of poverty) because we don't want them earning similar to college educated people.
64% of all minimum wage workers are part-time. I do wonder why you want to raise it.
What is your point?? If only 4% of workers are effected, I don't see how this will cause a cataclysmic change to our economy. The argument against a minimum wage increase is that it will cause inflation or destroy the labor market. But few people are on it, and even you admit most people on it are part time anyways. Getting these people out of poverty is a good reason to increase the minimum wage in addition to increasing purchasing power of them. And given that there are so few of them, the positives outweigh the negatives.
If anything the CEOs/managers will see a smaller profit and a smaller pay on their end.
It seems you are ignorant about business and business models. Most businesses have a certain profit threshold and its normally illustrated by percentages. For instance, Wal-Mart's business model has net profit margin of 3-4%. They will target this margin and take what ever steps they must to hit it. Saying they will take a larger or smaller portion of profits is bull****. Further, they will not pay their critical staff less money. You can find cashiers anywhere, finding people who can manage employees, well that's much harder and the company is in competition with the rest of the market for those folks which leads to higher wages. Wal-Mart will not risk losing their critical people to their competitors. Its likely the cost will be passed to the consumer and hourly employees via less hours, less employees, less benefits, etc.
Getting these people out of poverty is a good reason to increase the minimum wage in addition to increasing purchasing power of them.
Both of these are misconceptions.
Poverty:
An overwhelming number of people making minimum wage are not in poverty. It is really a liberal myth
Majority of the people in poverty dont work so the minimum wage has no relevance to them.
Purchasing power:
Wages do not determine purchasing power. Think about it this way...the value of a dollar does not change based on how much you make. This is why liberals hide behind inflation when suggesting that wages should keep up with it. You ask the to defend that and that's when purchasing power comes up and their cherry picked date history to make nice graph with not really questions why they picked 1968 (it was the peak, or in other words, they think wages should be maintained at the highest purchasing power that has ever been but they cant say why it needs to be there, not to mention that purchasing power fluctuates and if you got back to the 1930's were right in line with where we were then, so which date should we go off when we know its ever changing number. Its an arbitrary number and idea based on nothing more than wanting to pay people more money)
Quote:
Originally Posted by moionfire
And given that there are so few of them, the positives outweigh the negatives.
This is an assumption and I've learned not to address pure conjecture.
Last edited by billydaman; 02-28-2015 at 03:42 AM..
It seems you are ignorant about business and business models. Most businesses have a certain profit threshold and its normally illustrated by percentages. For instance, Wal-Mart's business model has net profit margin of 3-4%. They will target this margin and take what ever steps they must to hit it. Saying they will take a larger or smaller portion of profits is bull****. Further, they will not pay their critical staff less money. You can find cashiers anywhere, finding people who can manage employees, well that's much harder and the company is in competition with the rest of the market for those folks which leads to higher wages. Wal-Mart will not risk losing their critical people to their competitors. Its likely the cost will be passed to the consumer and hourly employees via less hours, less employees, less benefits, etc.
It is not an assumption. US cities that have raised the minimum wage to $10.00 have not seen significant increases in prices or unemployment.
Someone (some organization) already calculated the cost of increasing fast food worker pay to $15.00 and the price increase was $0.69 cents. That is not a significant price increase.
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