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No. The money I make is based on my talents, my organizational ability, my networking, my constant toil, and my willingness to undertake calculated risks with my business. I started my biz 30 years ago. I endured years where I barely made above the poverty level. Today, I do a great deal better. But I also pay a fair salary that's well above the market average and have profit sharing for established employees.
Screw the person who thinks my own compensation should be limited by some whim of what he thinks is right and wrong. And it annoys me no end when poseur class warriors think I don't work harder than anyone on my staff just because the word President is on my biz card.
I'm the first to come, the last to leave, and I'm the one lying awake at 2 a.m. sweating out payroll or answering client e-mails on Christmas Day. I'm the one who has been on the hook to the bank, the one who has had his house mortgaged to the hilt, and the one has had to go without a paycheck for months at a time to keep the business funded. I'm the one who has to spend weeks on the road bringing in business, talking to the press, negotiating contracts, and keeping my employees happy. In 2008, I watched my personal income slashed by 90% when the economy completely tanked. Did I shave my payroll by a nickel? Hell, no. Did I ask any of my employees to shoulder the risk? Once again, hell no. If my business went under tomorrow (Which it won't), my employees would all walk out the door and have jobs in a matter of weeks or months. Me? I would be financially ruined because, like most business entrepreneurs, running a business is a financial high-wire act.
With risk comes reward, otherwise why start a business in the first place? Let those people try and start a business and then run it for six months. Then we'll see how they feel about having their compensation arbitrarily limited by some idiotic abstraction of social justice.
Last edited by MinivanDriver; 05-24-2018 at 07:14 AM..
There are people who would like to return to the way America was before labor laws in the nineteenth century. Despite the conservative climate in the country it ain't gonna happen.
All this nonsense about the minimum wage pricing people out of the job market is unadulterated BS. When a teenager--like my daughter-- can walk into an entry level position and obtain about $2 an hour more than the minimum wage currently is the reality is that the minimum wage isn't keeping anyone from getting a job. Additionally, the unemployment rate can't get much lower than the 4% it is currently. What it does do along with other labor laws is eliminate the very worst employers in the country, the kind of people who want employees to do dangerous jobs for very little money.
Its one thing to oppose a maximum wage--as I do. However, opposing a minimum wage literally shows the depths of depravity that some people are willing to sink too.
I say raise the minimum wage to about $10 an hour. I really question if anyone at will lose their job over that.
There are people who would like to return to the way America was before labor laws in the nineteenth century. Despite the conservative climate in the country it ain't gonna happen.
All this nonsense about the minimum wage pricing people out of the job market is unadulterated BS. When a teenager--like my daughter-- can walk into an entry level position and obtain about $2 an hour more than the minimum wage currently is the reality is that the minimum wage isn't keeping anyone from getting a job. Additionally, the unemployment rate can't get much lower than the 4% it is currently. What it does do along with other labor laws is eliminate the very worst employers in the country, the kind of people who want employees to do dangerous jobs for very little money.
Its one thing to oppose a maximum wage--as I do. However, opposing a minimum wage literally shows the depths of depravity that some people are willing to sink too.
I say raise the minimum wage to about $10 an hour. I really question if anyone at will lose their job over that.
I say let the minimum wage stay where it is. Despite all the ballyhoo a tiny percentage of adult, working Americans earn the minimum wage. Less than 2%. And the majority of those are in jobs where tips are a significant part of their income.
Instead, the very large majority of minimum wage earners are kids in high school and college, and something like 4/5ths are working part-time job. And those are 2016 figures. With the unemployment rate plunging to historical lows, I'm fairly sure that law of supply and demand is beginning to kick in.
There are people who would like to return to the way America was before labor laws in the nineteenth century. Despite the conservative climate in the country it ain't gonna happen.
All this nonsense about the minimum wage pricing people out of the job market is unadulterated BS. When a teenager--like my daughter-- can walk into an entry level position and obtain about $2 an hour more than the minimum wage currently is the reality is that the minimum wage isn't keeping anyone from getting a job. Additionally, the unemployment rate can't get much lower than the 4% it is currently. What it does do along with other labor laws is eliminate the very worst employers in the country, the kind of people who want employees to do dangerous jobs for very little money.
Its one thing to oppose a maximum wage--as I do. However, opposing a minimum wage literally shows the depths of depravity that some people are willing to sink too.
I say raise the minimum wage to about $10 an hour. I really question if anyone at will lose their job over that.
It's largely forgotten today that the first minimum wage law was specifically designed to keep black laborers out of the work force. During the Great Depression, black construction workers cost less than white workers, so Hoover & allies enacted a minimum wage law specifically to remove their competitive advantage.
The minimum wage laws still have the same effect today, of pricing the lowest paid workers out of the market. If you are required to pay $15/hour, you are not going to hire poor Black/Hispanic people not to mention high school students. You're going to hire experienced, educated people (who tend to be white).
Indeed this has happened in Seattle, the first large city to enact a $15/hour wage law. Restaurants and other traditional low wage employers are not hiring high schoolers and minority working poor, if indeed they're hiring at all, which a lot of them aren't.
A large under-class that is unemployed or under-employed can't afford housing, and indeed homelessness is a huge problem now in Seattle.
So what did Seattle do last week? Enact a headcount tax on corporations. The more employees you have, the more you pay. Amazon, among others, is suddenly on the hook for tens of millions of dollars, which the city claims will go to help the homeless.
This is what happens when you let socialists control the government. They get very generous with other people's money, and eventually they kill the goose laying the golden eggs.
Regarding "maximum wage", I believe that the government should simply stay out of the economy because all they do is mess it up. Provide a very basic safety net so people don't starve on the streets, maybe, though in decades past, the churches and other nonprofits did a better job with that.
There are people who would like to return to the way America was before labor laws in the nineteenth century. Despite the conservative climate in the country it ain't gonna happen.
All this nonsense about the minimum wage pricing people out of the job market is unadulterated BS. When a teenager--like my daughter-- can walk into an entry level position and obtain about $2 an hour more than the minimum wage currently is the reality is that the minimum wage isn't keeping anyone from getting a job. Additionally, the unemployment rate can't get much lower than the 4% it is currently. What it does do along with other labor laws is eliminate the very worst employers in the country, the kind of people who want employees to do dangerous jobs for very little money.
Its one thing to oppose a maximum wage--as I do. However, opposing a minimum wage literally shows the depths of depravity that some people are willing to sink too.
I say raise the minimum wage to about $10 an hour. I really question if anyone at will lose their job over that.
No by no means but the average hamburger tosser is not worth minimum wages, everybody talks about a living wages, there is no such thing. That is a word invented by liberal to get the crowd up roar. Anybody out of high school should not be working for minimum wage, if you are, you are too stupid to be working. Even a plumber helper digging ditches pay a lot better than minimum.
There are people who would like to return to the way America was before labor laws in the nineteenth century. Despite the conservative climate in the country it ain't gonna happen.
All this nonsense about the minimum wage pricing people out of the job market is unadulterated BS. When a teenager--like my daughter-- can walk into an entry level position and obtain about $2 an hour more than the minimum wage currently is the reality is that the minimum wage isn't keeping anyone from getting a job. Additionally, the unemployment rate can't get much lower than the 4% it is currently. What it does do along with other labor laws is eliminate the very worst employers in the country, the kind of people who want employees to do dangerous jobs for very little money.
Its one thing to oppose a maximum wage--as I do. However, opposing a minimum wage literally shows the depths of depravity that some people are willing to sink too.
I say raise the minimum wage to about $10 an hour. I really question if anyone at will lose their job over that.
Prima facie evidence of having failed Econ 101. Or perhaps you never took it.
Without a livable wage, you and your taxes are subsidizing lower income workers. As in medicaid, government housing, and so on.
Why should the public subsidize so companies can pay low wages ?
Example is walmart (and not singling them out). Most employees earn low wages (not all). Then many apply for low income benefits, such as above. Now your taxs are making up the difference it takes to exist in a reasonable manner. As walmart (just example) grows wealthier every day.
I say let the minimum wage stay where it is. Despite all the ballyhoo a tiny percentage of adult, working Americans earn the minimum wage. Less than 2%. And the majority of those are in jobs where tips are a significant part of their income.
Instead, the very large majority of minimum wage earners are kids in high school and college, and something like 4/5ths are working part-time job. And those are 2016 figures. With the unemployment rate plunging to historical lows, I'm fairly sure that law of supply and demand is beginning to kick in.
Could you provide a citation for that figure please? It can vary per region, but I've seen my fair share of adults in MW jobs too, working non-management jobs.
I say let the minimum wage stay where it is. Despite all the ballyhoo a tiny percentage of adult, working Americans earn the minimum wage. Less than 2%. And the majority of those are in jobs where tips are a significant part of their income.
Instead, the very large majority of minimum wage earners are kids in high school and college, and something like 4/5ths are working part-time job. And those are 2016 figures. With the unemployment rate plunging to historical lows, I'm fairly sure that law of supply and demand is beginning to kick in.
You might have a point here. The minimum wage is so low its become irrelevant. I was told today by a manager at Home Depot if my teenage daughter was willing to quit her job and take a job there they would start her at $11 an hour. He also told me how she could bypass the internet application process. He said even at that they couldn't get enough people. Maybe it is just pointless especially where so many conservatives seem so opposed to granting any raise at all.
Quote:
Originally Posted by blisterpeanuts
It's largely forgotten today that the first minimum wage law was specifically designed to keep black laborers out of the work force. During the Great Depression, black construction workers cost less than white workers, so Hoover & allies enacted a minimum wage law specifically to remove their competitive advantage.
The minimum wage laws still have the same effect today, of pricing the lowest paid workers out of the market. If you are required to pay $15/hour, you are not going to hire poor Black/Hispanic people not to mention high school students. You're going to hire experienced, educated people (who tend to be white).
Indeed this has happened in Seattle, the first large city to enact a $15/hour wage law. Restaurants and other traditional low wage employers are not hiring high schoolers and minority working poor, if indeed they're hiring at all, which a lot of them aren't.
A large under-class that is unemployed or under-employed can't afford housing, and indeed homelessness is a huge problem now in Seattle.
So what did Seattle do last week? Enact a headcount tax on corporations. The more employees you have, the more you pay. Amazon, among others, is suddenly on the hook for tens of millions of dollars, which the city claims will go to help the homeless.
This is what happens when you let socialists control the government. They get very generous with other people's money, and eventually they kill the goose laying the golden eggs.
Regarding "maximum wage", I believe that the government should simply stay out of the economy because all they do is mess it up. Provide a very basic safety net so people don't starve on the streets, maybe, though in decades past, the churches and other nonprofits did a better job with that.
But I'm not talking $15 an hour. I'm talking more like $9.50 or $10.00 in a market with 4% unemployment. I've never heard of your analysis that the minimum wage was "racial" in orientation. Maybe someone thought in those terms. I'm confident most of the people supporting it did not. An employee would have to have awfully minimal job skills to not be able to command a wage of $9 an hour at this point in time. The minimum wage does not negate the influence of the market. I simply maintain that those at the very bottom are probably not employers we want to encourage anyway. Certain types of work may be so low skill it shouldn't be done in this country. That and preventing the very worst exploitation from occurring is the rationale for raising the minimum wage about $2 an hour. BTW, if some great harm did occur, it would be possible to lower it back down.
Quote:
Originally Posted by brownbagg
No by no means but the average hamburger tosser is not worth minimum wages, everybody talks about a living wages, there is no such thing. That is a word invented by liberal to get the crowd up roar. Anybody out of high school should not be working for minimum wage, if you are, you are too stupid to be working. Even a plumber helper digging ditches pay a lot better than minimum.
I don't support a $15 an hour minimum wage and I don't think even a lot of democrats do. In a state like mine with a lower per capita income, a wage that high would cause unemployment. However, I do think some increase is justified after a decade or more of no increases. I would suggest the average "hamburger tosser" is easily worth minimum wage. Otherwise, there would be so many thousands of people employed as "hamburger tossers". The jobs would be eliminated.
Quote:
Originally Posted by TaxPhd
Prima facie evidence of having failed Econ 101. Or perhaps you never took it.
For having a Phd you are practically incomprehensible to me and I have a graduate degree from a university.
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