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That would cause companies to hire new empoyees to replace the ones they fire for making too much money (min wage)
As opposed to now where you can set up an automated kiosk for renting DVDs or checking out? Kiosks rarely call in sick, never sue you discrimination, and aren't subject to the same onerous regulations.
That would cause companies to hire new empoyees to replace the ones they fire for making too much money (min wage)
Please provide sufficient documentation that asserts your claim that employees will be fired if the minimum wage is abolished. Personally, I've never made minimum wage. Lowest I ever made, I believe, was $2.50 over that.
If I were an 18 year old with an auto shop within walking distance, should I be left on the unemployment line even if I'd accept $3/hr to be someone's apprentice and eventually become ASE certified, making $60-70K or more? What about a family business who can't afford minimum wage but has a college student living 1 block over who'd like to learn how to sell stuff or deal with customers in a friendly environment?
The libs see the world as only existing for corporations and fast food chains. The majority of businesses are local, small and on the edge 365 days of the year.
Every time we update the projection chart of how many jobs have to be created by the end of Obama's now improbable second term, the number goes up. First it was 245,500 in April, then 250,000 in June, now it is 254,000: it seems to increase by 5,000 each month.
Gee- I guess massive regulations, high corporate tax rates, banning domestic oil exploration and refining, and unfavorable trade agreements don't create jobs after all.
If you hire an anti-buisness president with no executive experience, any rational person could have predicted this result.
Minimum wage is hardly the problem. The problem is the multitude of taxes an employer has to pay on top of that minimum wage.
Minimum wage is actually the biggest problem, but yes, payroll taxes are barriers to entry too. If minimum wage was abolished, there'd be zero unemployment.
Every time we update the projection chart of how many jobs have to be created by the end of Obama's now improbable second term, the number goes up. First it was 245,500 in April, then 250,000 in June, now it is 254,000: it seems to increase by 5,000 each month.
Please DO NOT hold your breath for it, regardless of who is occupying the White House. Why? All you need is to look at the fact that the current economic disaster is simply an extension of a decade long economic debacle and mishandling of it. These private payroll numbers should help you understand that:
Jan 2001: 111.634 million <- Bush's First Term Begins
Jan 2005: 110.718 million <- Bush's Second Term Begins
Jan 2008: 115.610 million <- Peak at the onset of the Great Recession
Jan 2009: 110.981 million <- Obama's First Term Begins
Jan 2010: 106.793 million <- Trough following the Great Recession
Jun 2011: 108.953 million <- Current Private Sector Payroll
Coupling the facts with simple math,
19K jobs were lost per month, on average, between Jan 2001 Jan 2005 (Implying, there was no real employment recovery at the end of first four years)
136K jobs were added per month, on average, between Jan 2005 and at the onset of the Great Recession in Jan 2008
5.5K jobs were added per month, on average, during Bush's second term, beginning Jan 2005 and ending Jan 2009
7K jobs were lost per month, on average, during Bush's two terms, beginning Jan 2001 and ending Jan 2009
386K jobs were lost per month, on average, during Bush's last year in office, ending Jan 2009
367K jobs were lost per month, on average, during the Great Recession, beginning Jan 2008 and ending Jan 2010
349K jobs were lost per month, on average, during the first year under Obama, beginning Jan 2009 and ending Jan 2010
120K jobs have been added per month, on average, since the job recovery began in Jan 2010.
Considering the gains and losses in the long term, and over the decade, consider it nothing more than dreaming to see 250K plus jobs added per month, especially with extreme partisan politics being played in Washington over 30 months or so (and extremely risky for America). Either that, or we're in serious need of another economic bubble, like the lending bubble was in 2005-2007.
Quote:
Originally Posted by summers73
As opposed to now where you can set up an automated kiosk for renting DVDs or checking out? Kiosks rarely call in sick, never sue you discrimination, and aren't subject to the same onerous regulations.
You're right, companies are dying to replace automated kiosks with real people and paying them wages.
Last edited by EinsteinsGhost; 07-11-2011 at 09:33 AM..
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