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Old 07-10-2009, 11:56 AM
 
Location: Hoboken
19,891 posts, read 16,272,470 times
Reputation: 3123

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Quote:
Originally Posted by thefinalsay View Post
nothing helps unemployment rates like taking more money out of the employers hands.

higher-minimum-wage-coming-soon.html: Personal Finance News from Yahoo! Finance (http://finance.yahoo.com/career-work/article/107297/higher-minimum-wage-coming-soon.html?mod=career-salary_negotiation - broken link)

Best thread headline in a while.
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Old 07-10-2009, 11:59 AM
 
8,287 posts, read 11,804,341 times
Reputation: 4948
how many people are still making minimum wage?
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Old 07-10-2009, 12:02 PM
 
9,742 posts, read 9,302,759 times
Reputation: 2049
Quote:
Originally Posted by thecoalman View Post
Exactly an how some people can't comprehend this is beyond me, beyond that when a company in the U.S. has to pay these higher expenses the company becomes unprofitable because they can't compete with offshore companies paying a lower wage. The company either moves business offshore and the workers lose a job or it goes out of business and everyone loses.
What I can't comprehend are those that think every company can be offshored. In my area, the only people making minimum wage are tipped employees; dealers, bartenders, waiters, bellmen, etc. Offshoring a service business would be rather nonsensical.
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Old 07-10-2009, 12:14 PM
 
1,650 posts, read 967,740 times
Reputation: 442
Quote:
Originally Posted by thecoalman View Post
Exactly an how some people can't comprehend this is beyond me, beyond that when a company in the U.S. has to pay these higher expenses the company becomes unprofitable because they can't compete with offshore companies paying a lower wage. The company either moves business offshore and the workers lose a job or it goes out of business and everyone loses.
I know exactly what you're talking about. My state raised the minimum wage a few years ago. What do you think the result was every McDonalds packed up and left the state. Why I long for the golden arches and just one taste of a french fry. Not only that all the illegals followed them and now the Spanish lessons I took are useless
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Old 07-10-2009, 12:17 PM
 
Location: Great State of Texas
86,093 posts, read 72,297,737 times
Reputation: 27564
Quote:
Originally Posted by jimw144 View Post
I know exactly what you're talking about. My state raised the minimum wage a few years ago. What do you think the result was every McDonalds packed up and left the state. Why I long for the golden arches and just one taste of a french fry. Not only that all the illegals followed them and now the Spanish lessons I took are useless
No but maybe they have 1 or 2 less workers now. Think about that.
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Old 07-10-2009, 12:21 PM
 
Location: I currently exist only in a state of mind. one too complex for geographic location.
4,175 posts, read 5,193,878 times
Reputation: 668
Quote:
Originally Posted by shorebaby View Post
Best thread headline in a while.
I'm good aren't I? seriously, this will only lead to more unemployment. businesses, especially small ones, are struggling to get by.
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Old 07-10-2009, 12:22 PM
 
48,516 posts, read 83,675,284 times
Reputation: 18036
It is the democrats way of taking job meant for partime teenagers and filling them with adults to say that we have less unemployment.They alos promote illegals employment. Its all about votes i teh end and cooning those people because inflation takes care of it in the end.
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Old 07-10-2009, 12:26 PM
 
9,742 posts, read 9,302,759 times
Reputation: 2049
Quote:
Originally Posted by HappyTexan View Post
No but maybe they have 1 or 2 less workers now. Think about that.
You people just don't understand economics, do you? Economics isn't like simple arithemetic. It's about human beings, our behavior and the choices we make.

If, at noon, 100 people choose to go to restaurant A, and 10 people choose to go to restaurant B, in which restuarant will you find more workers? Now, minimum wage goes up, and restuarant B goes bankrupt. Using your "logic," how many less workers at restaurant A?
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Old 07-10-2009, 12:28 PM
 
9,742 posts, read 9,302,759 times
Reputation: 2049
Quote:
Originally Posted by thefinalsay View Post
I'm good aren't I? seriously, this will only lead to more unemployment. businesses, especially small ones, are struggling to get by.
Are you guys shills for the Chamber of Commerce or do you really lack a basic understanding of the economy? Screw that. Show me the stats that support your claims.

With your attitude, I assume you support illegal immigration?
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Old 07-10-2009, 12:29 PM
 
Location: Tyler, TX
15,202 posts, read 18,209,317 times
Reputation: 8031
I'm curious how many of these raise-the-minimum-wage cheerleaders have ever actually run a business. I'm particularly curious how many have run a retail business.

Raising the minimum wage hurts small business, especially retail. You all can chatter away about the academics of it all day long, but in the real world, this is common knowledge.
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