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In all eight pages of this thread, I see not one mention of the group of people who will be hurt most by any raise in the minimum wage, that being seniors.
Once a year our retirement checks show a very small raise, which isn't anywhere close to the cost of inflation, so a raise to us is nothing.
Now,common sense tells us that a raise in what it cost businesses to pay for labor, is going to be passed on to the consumer in higher prices for goods and services.
Everyone gets a raise except the senior citizens, but still we have to pay higher cost for everything because of those raises.
If you don't think businesses will raise prices, you must be living under a rock.
Oh, like spain where unemployment is 25% and youth unemployment maybe double that?
Great example. Want to know what to do? Stop tens of millions of uneducated, low skill illegals. Free market wage rises. Or is understanding supply / demand outside of your area of expertise?
Same with sweeden. Young generation there is rioting because there are no jobs even with their precious free college. People don't get it and never will. The only method that will work is to EARN stuff.
In all eight pages of this thread, I see not one mention of the group of people who will be hurt most by any raise in the minimum wage, that being seniors.
Once a year our retirement checks show a very small raise, which isn't anywhere close to the cost of inflation, so a raise to us is nothing.
Now,common sense tells us that a raise in what it cost businesses to pay for labor, is going to be passed on to the consumer in higher prices for goods and services.
Everyone gets a raise except the senior citizens, but still we have to pay higher cost for everything because of those raises.
If you don't think businesses will raise prices, you must be living under a rock.
Bob.
Well, to be fair, most loser millennials are the ones shrieking about raising the minimum wage. And they've made it clear that they hate older people, find them useless, and wish they would die. Because after all, those old folks staying in the work force are the only reason millennials can't find work.
Originally Posted by PedroMartinez So, here is what I see happening, a combination of:
1. Employers hiring less employees while expecting greater productivity.
2. More automation.
3. Less mom and pop businesses.
4. Some higher prices.
The end result will be negative for most people.
Quote:
Originally Posted by MX City visiting
^^ All above false, except maybe slightly higher prices but if everybody makes more money that means they can afford paying a dollar or two more, OR owners/CEO makes slightly less money while keeping prices low.
How could they be false?
1) You don't think increasing wages will cause some slowdown in hiring? My experience in work is the more I am paid the more that is expected of me. Don't get me wrong it is reasonable for my employers to think that way.
2) The more labor costs the more attractive automation looks.
3) Mom and pop businesses are usually not paying a lot in wages. This will cut into their profit, it will cut into the incentive to open new businesses etc.
In all eight pages of this thread, I see not one mention of the group of people who will be hurt most by any raise in the minimum wage, that being seniors.
Once a year our retirement checks show a very small raise, which isn't anywhere close to the cost of inflation, so a raise to us is nothing.
Now,common sense tells us that a raise in what it cost businesses to pay for labor, is going to be passed on to the consumer in higher prices for goods and services.
Everyone gets a raise except the senior citizens, but still we have to pay higher cost for everything because of those raises.
If you don't think businesses will raise prices, you must be living under a rock.
Bob.
Funny you call it a raise. I'm assuming if you are retired you don't work, so why get a raise at all.
Call it what it really is, which is a cost of living allowance. And in many places
inflation has been at zero. Actually at present it is at 0.07 %
Think you still need a raise now
Of course if you live in Los A. your living cost (housing) might be extremely high,
in which case the rest of America can't help you
Same with sweeden. Young generation there is rioting because there are no jobs even with their precious free college. People don't get it and never will. The only method that will work is to EARN stuff.
Most unemployed youth in Sweden are Islamic/3rd world immigrants who barely speaks Swedish and don't want to integrate to society, and wants to collect welfare. Swedish government provides income to those youth without working, sometimes enough not in need of working.
It's impossible if you need to put food on the table quick and pay your bills. Learning a trade skill / going to college in hope of getting a new job takes time and money, and no guarantee in success. Many college workers make only $10 - 12/h.
You're right. There are no guarantees, but people must strive and work to obtain a better result. I worked two jobs for about 15-years until I finally acquired a position where I didn't need two jobs any longer. I started at $8/hr. Minimum wage is not designed to be a livable wage.
I put in extra time learning additional skills that made me a more valuable employee. Sometimes those extra hours were off the clock.
Now, I make considerably more and not because of the Gov't.
However, it is probably a good thing if LA sees a mass exit of people and employers. They use too much water as it is.
And since you are feeling so generous, why don't you cut your wage from $19 to $15 so that someone currently making $8 or $9, can at least have a little better standard of living.
Isn't it funny, how people never want to be generous with their own incomes only everybody else's.
That's the liberal solution, use force - of course you'd have someone else apply the force. How about we force the liberals to move to Europe, Canada, New Zealand or Australia since they think all of those countries are paradise instead of changing the US?
or you conservatives move to China / 3rd world countries that treats people like s*** with no labor laws?
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