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The worst think about $15 an hour is that costs will go up for everything and the ones who will get hurt the most are the seniors who only get Social Security. I think it should be raised but gradually so that it does not hurt the economy and the elderly who are poor. If you get $15 an hour and all prices go up then you haven't done much to help anything.
The living wage argument doesn't hold water as you could probably do ok in West Virginia on $15 but not Washington DC!
They use data for their area, nobody is saying it is a standard $15, it is just what the data they've collected shows, when people believe it, they vote representatives who will increase minimum wage. If you don't like it, then live in Ohio etc.
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Originally Posted by carcrazy67
Does anyone think there is no price to pay by artificially increasing the wage-remember there is no free lunch! Why not just let the market decide what a given job is worth??? In a healthy job market, competition will dictate the going wage rate. Anyone who thinks an artificial $15 minimum wage will have no impact on the the price of goods and services does not have an understanding of basic economics. Raising the minimum wage would only have a short-term benefit for those on the lower end of the economic spectrum. The price of goods and services will increase which would (over time) negate/erode their gains.
Then move to Alabama where this is no state minimum wage. Even Ronald Reagan said to vote with your feet, so you obviously are not living in a state that agrees with you.
Quote:
Originally Posted by carcrazy67
I've seen many comments in this post about these 6 figure bonus packages for CEOs. Does anyone realize how rare they really are? They are not the norm. The vast majority of business in the US is comprised of small businesses where the owners take enormous risk, often struggle to meet payroll/expenses and contrary to popular belief don't always reap some huge financial reward. If they are in a business that pays minimum wage an increase could have a very negative impact on their profitability.
Without IRS tax and business pay stubs, this is all opinion.
Quote:
Originally Posted by carcrazy67
By the way, it appears things in Seattle are not going so well since the increase to $15. There has been a net loss of 1300 jobs in the food industry.
Those job losses are from greedy business owners who should live in Alabama, the land of no minimum wage, and where slavery is illegal, but not slave wages.
Like I said, without IRS tax stubs everyone is giving opinion. You're outed as a slave wage believer simply by arguing against $9.47. Wyoming pays $5.15, so you're against that too? You want to pay people $4.00 or less.
Those job losses are from greedy business owners who should live in Alabama, the land of no minimum wage, and where slavery is illegal, but not slave wages.
Like I said, without IRS tax stubs everyone is giving opinion. You're outed as a slave wage believer simply by arguing against $9.47. Wyoming pays $5.15, so you're against that too? You want to pay people $4.00 or less.
How greedy can you people get?
Alabama is part of the United States, and thus is subject to the federal minimum wage of $7.25 per hour.
Wyoming is part of the United States, and thus is subject to the federal minimum wage of $7.25 per hour.
The worst think about $15 an hour is that costs will go up for everything and the ones who will get hurt the most are the seniors who only get Social Security.
Would also suck to be the person supporting a family of four with a $15/hour janitor job.
The 16 year old upper middle class kid working at Subway after school for skateboard money gets a nice fat raise, but said janitor just sees prices go up and their effective spending power reduced.
Wages are pushed up and eventually low wage workers are in the same position they started at. In the very short term they may benefit; in the long run nothing changes for them.
Consider also that increased labor costs make automation more feasible. Why pay a worker 15 dollars per hour to run a cash register when a complete self service kiosk costs under 1500 dollars?
They use data for their area, nobody is saying it is a standard $15, it is just what the data they've collected shows, when people believe it, they vote representatives who will increase minimum wage. If you don't like it, then live in Ohio etc.
Then move to Alabama where this is no state minimum wage. Even Ronald Reagan said to vote with your feet, so you obviously are not living in a state that agrees with you.
Without IRS tax and business pay stubs, this is all opinion.
Those job losses are from greedy business owners who should live in Alabama, the land of no minimum wage, and where slavery is illegal, but not slave wages.
Like I said, without IRS tax stubs everyone is giving opinion. You're outed as a slave wage believer simply by arguing against $9.47. Wyoming pays $5.15, so you're against that too? You want to pay people $4.00 or less.
How greedy can you people get?
You totally misunderstand my position. I am for letting the market determine the right wage for a given job. In some areas it may indeed be $15/hr in others it may be $8.00. You do know that the purpose of a minimum wage has nothing to do with a "liveable" wage.
By the way, please provide a reputable link about the Seattle job losses being the result of "greedy" business owners. Or is that just YOUR opinion.
You totally misunderstand my position. I am for letting the market determine the right wage for a given job. In some areas it may indeed be $15/hr in others it may be $8.00. You do know that the purpose of a minimum wage has nothing to do with a "liveable" wage.
By the way, please provide a reputable link about the Seattle job losses being the result of "greedy" business owners. Or is that just YOUR opinion.
Maybe you should study the history of the min wage before you make false statements the min wage was created to ensure that people were paid enough to live on. Let the market decide in other words let business decide so they can exploit people we get it.
Wages are pushed up and eventually low wage workers are in the same position they started at. In the very short term they may benefit; in the long run nothing changes for them.
Consider also that increased labor costs make automation more feasible. Why pay a worker 15 dollars per hour to run a cash register when a complete self service kiosk costs under 1500 dollars?
The article you posted explains how it happens but does not explain how much the prices go up. You also have to remember that other things can cause inflation. Min wage has not been going up much yet prices still rise. Automation if it happens will happen if the wages are $5 or $15 an hour because you do not have to pay robots anything.
The article you posted explains how it happens but does not explain how much the prices go up. You also have to remember that other things can cause inflation. Min wage has not been going up much yet prices still rise. Automation if it happens will happen if the wages are $5 or $15 an hour because you do not have to pay robots anything.
Read up on it. Not only will raising wages result in wage push inflation it will also create cost push inflation as employers labor input costs rise. It is naive to believe that ALL wages will not increase if fast food workers get their 15 dollars an hour.
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