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Raising the minimum wage is one of the WORST economic plans in history. Anyone who supports an increase in the minimum wage needs to take an economics course.
So let's weed out businesses that hire illegals and circumvent American labor laws. There will be no loss of jobs as decent companies hiring Americans will finally get a chance to compete.
Absolutely, I favor 3 strikes ane you're out for corps. 3 incidents hiring illegals = corp liquidation plus a lifetime ban on any officer ever being allowed to be an officer again at any other publicly traded corp.
Ford astonished the world in 1914 by offering a $5 per day wage ($120 today), which more than doubled the rate of most of his workers.[23] A Cleveland, Ohio newspaper editorialized that the announcement "shot like a blinding rocket through the dark clouds of the present industrial depression."[24] The move proved extremely profitable; instead of constant turnover of employees, the best mechanics in Detroit flocked to Ford, bringing their human capital and expertise, raising productivity, and lowering training costs.[25][26] Ford announced his $5-per-day program on January 5, 1914, raising the minimum daily pay from $2.34 to $5 for qualifying workers. It also set a new, reduced workweek, although the details vary in different accounts. Ford and Crowther in 1922 described it as six 8-hour days, giving a 48-hour week,[27] while in 1926 they described it as five 8-hour days, giving a 40-hour week.[28] (Apparently the program started with Saturday being a workday and sometime later it was changed to a day off.)
Detroit was already a high-wage city, but competitors were forced to raise wages or lose their best workers.[29] Ford's policy proved, however, that paying people more would enable Ford workers to afford the cars they were producing and be good for the economy. Ford explained the policy as profit-sharing rather than wages.[30] It may have been Couzens who convinced Ford to adopt the $5 day.[31]
And we do want to do that...don't we? After all the American CEO is just sooooo much smarter than the average American dumb worker - which is why they outsourced millions of good paying American jobs, to justify their multi-million dollar salaries - they just had to do it!
'McDonald's gave a $9 million dollar raise recently to their new CEO.
McDonald's can't afford paying their workers enough to climb out of poverty but just happened to find $9 million lying around to give to their CEO.
Worker's wages stagnate but for some reason CEO salaries go through the roof. No one who works full time should be poor.
yet these CEO's then proceed to lecture us about being lazy and how they can't afford raises this year, maybe next year, and the stock markets rise and the CEO salaries rise but the rest of us will just have to wait.
But the CEO never has to wait. He always gets his raise. Always.'
Chief executives of the nation's largest companies earned an average of $12.3 million in total pay last year -- 354 times more than a typical American worker, according to the AFL-CIO.
Folks don't get it...
In the "old days" you got rich by skimming a wee bit from thousands of employees.
If you wanted to increase cash flow, you increased production and sales.
Today, the watch word is "making money." But not by producing goods and services by overtaxed and over regulated labor. Nope. It's all high finance and manipulating government regs. So a Master CEO who can "make money" is worth his ridiculous salary.
It doesn't make sense, but -hey- this is the insane system we live in.
Funny how there's such a widespread reading problem here. The McDonald's CEO's salary is not 9,000,000. That's the amount of his raise.
The gap between CEO pay and average worker pay has grown astronomically over the past two decades. So has income equality. Well, duh.
Stockholders are like the football team who goes out and pays $15 million for a hot shot quarterback but holds the purse tight when it comes to the rest of their employees and pays bargain basement rates - and then wonders why their team isn't doing better, why their quarterback is getting sacked so often and why they don't seem to have capable receivers.
But in business, the more workers are laid off, and the lower the salaries are, the more a CEO is rewarded.
Until one days they won't have anyone left here who can afford to buy their products, because we'll be a peasant class and a executive class.
I'm not saying the government should step in...but my God, someone needs to grow some common sense and put a check on this. The CEO to worker salary has ballooned 1000 percent since 1950. They used to make 20 times what their entry level employee did. Now it's 354 times what their employee makes. Which strikes you as a better time economincally for this country - 1950 or now?
And mind you, that 354 is just an average number. In many retail businesses, it's much higher. Walmart's CEO makes over 700 times what his employees do (and lets the taxpayers pick up the slack, since so many are eligible for foodstamps...) The CEO of JC Penny made 1795 times what his employees made, but was ousted for non performance! Who cares, really - he'd already hit the jackpot and doesn't ever have to work another day, right?
The problem with you Left Wing Nut Jobs is that you don't understand the real world.
A person's self worth, or his personal needs are not the basis of what a job pays, nor should it be. It is the value of having somebody do that job to the one paying the wage or salary.
Everybody has needs (food, clothing, shelter), but it is not up the the employer to provide those needs. If someone cannot provide for his basic needs in his current position, then he needs to improve his skills and find a better paying job. It's that simple.
A person goes into business for one reason only: To make money. No one goes into business to provide for someone else's needs. He goes into business to provide for his family and his needs.
An employer does not ask himself, "Well how much will I have to pay a person to do this job so that he can provide for all his needs?" In the first place, an employer has no way of knowing what someone's needs might be. In the second place, these aren't his concern. His concern is based on a value for value exchange only. "It would be worth it for me to pay someone $10/hour to do this job."
This isn't "selfishness" either, as you asserted. It is practical business sense.
What your post shows, is that you know nothing about business, have very little common sense, and probably have no marketable skills. You'd better take stock of yourself, and figure out how the real world works. It does not work, and never will work, according to your fantasies.
Right lets not let business have any responsibility so they can make their employees work 14 days for $2 so we can be a third world country. That is what the RWNJ want right to make the US a third world country where we have extreme rich and extreme poor because how our economy is going we are heading that way. Paying employees as little sure you could call it practical business sense does not change that it is selfish. Many people have improved their skills but their is no job for them if you are gonna talk about economics at least know what you are talking about. We have decided as a country to make sure people are taken care of so this whole business are not responsible is bull crap. You do not know me or what skills I have but I would expect nothing less from someone who obviously has an IQ of a 5 year old.
Ford astonished the world in 1914 by offering a $5 per day wage ($120 today), which more than doubled the rate of most of his workers.[23] A Cleveland, Ohio newspaper editorialized that the announcement "shot like a blinding rocket through the dark clouds of the present industrial depression."[24] The move proved extremely profitable; instead of constant turnover of employees, the best mechanics in Detroit flocked to Ford, bringing their human capital and expertise, raising productivity, and lowering training costs.[25][26] Ford announced his $5-per-day program on January 5, 1914, raising the minimum daily pay from $2.34 to $5 for qualifying workers. It also set a new, reduced workweek, although the details vary in different accounts. Ford and Crowther in 1922 described it as six 8-hour days, giving a 48-hour week,[27] while in 1926 they described it as five 8-hour days, giving a 40-hour week.[28] (Apparently the program started with Saturday being a workday and sometime later it was changed to a day off.)
Detroit was already a high-wage city, but competitors were forced to raise wages or lose their best workers.[29] Ford's policy proved, however, that paying people more would enable Ford workers to afford the cars they were producing and be good for the economy. Ford explained the policy as profit-sharing rather than wages.[30] It may have been Couzens who convinced Ford to adopt the $5 day.[31]
I think he knows more about business then these Right Wing wannabe business owners on here. Ford understood that giving money to workers who became customers helps business. For some reason people think that if they give employees less then the money customers have to spend will just magically appear.
Last edited by Storm Eagle; 03-17-2014 at 11:59 PM..
Ford's policy proved, however, that paying people more would enable Ford workers to afford the cars they were producing and be good for the economy
This was Ford in 1914, exactly 100 years ago, voluntarily paying workers $120 (adjusted for inflation) daily wage. Brilliant.
Quote:
Originally Posted by matt1984
I think he knows more about business then these Right Wing wannabe business owners on here. Ford understood that giving money to workers who became customers helps business. For some reason people think that if they give employees less then the money customers have to spend will just magically appear.
Stockholders are like the football team who goes out and pays $15 million for a hot shot quarterback but holds the purse tight when it comes to the rest of their employees and pays bargain basement rates - and then wonders why their team isn't doing better, why their quarterback is getting sacked so often and why they don't seem to have capable receivers.
I hate to confuse you with facts, but the Stock Market is at record highs, with outstanding EPS ratios relative to your "so called" golden era.
And we do want to do that...don't we? After all the American CEO is just sooooo much smarter than the average American dumb worker - which is why they outsourced millions of good paying American jobs, to justify their multi-million dollar salaries - they just had to do it!
'McDonald's gave a $9 million dollar raise recently to their new CEO.
McDonald's can't afford paying their workers enough to climb out of poverty but just happened to find $9 million lying around to give to their CEO.
Worker's wages stagnate but for some reason CEO salaries go through the roof. No one who works full time should be poor.
yet these CEO's then proceed to lecture us about being lazy and how they can't afford raises this year, maybe next year, and the stock markets rise and the CEO salaries rise but the rest of us will just have to wait.
But the CEO never has to wait. He always gets his raise. Always.'
Chief executives of the nation's largest companies earned an average of $12.3 million in total pay last year -- 354 times more than a typical American worker, according to the AFL-CIO.
Here we go again: or as Reagan said "there you go again" Are CEOs overpaid? In many cases, the sure are, but that being said: when will the left realize, workers at fast food restaurants are rarely the sole supporter of the household and the jobs were never meant to be for anyone other than those just starting their working career and those looking for a second or part time job. Anyone who is trying to support a family on min wage needs to get an education, clean up their act, learn better English or whatever.
You say no one who works full time should be poor? That is just not true. With this being said, yes, I have no problem with a raise in the min wage, but not from what it is now to over $10.00. Heck, when will my SS check go up that much or my meager little retirement check? When will my money market make above 1/2 % interest?
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