Seattle votes to raise the minimum wage to $15 a hour (illegal, illegals)

[Driller1]

Originally Posted by freemkt

Kinda like reversion to being mean?

Some people like being 1099.

There is big tax reasons.

[freemkt]

Originally Posted by Driller1

Some people like being 1099.

There is big tax reasons.

You are absolutely correct...it's just that the workers who are properly employees are often the ones least likely to enjoy those big tax reasons.

[Driller1]

Originally Posted by freemkt

You are absolutely correct...it's just that the workers who are properly employees are often the ones least likely to enjoy those big tax reasons.

Only because they fail to learn the tax codes.

[freemkt]

Originally Posted by Driller1

Only because they fail to learn the tax codes.

Hmmm...I previously had an office job for 20 years. (I still work for this employer but now I do it remotely and am a truly a 1099 contractor.)

For the first few years, I was paid as a contractor while working at a desk in the office, as my employer had not set up a payroll.

To this day I can't think of any 'expenses' there I could have taken on a Schedule C.

[Tall Traveler]

Originally Posted by kidkaos2

How could less jobs, no matter what they pay, possibly be a bad thing?

If they are prosperous then they are probably smart businesspeople, in which case they are not going to try to outdo anybody in overpaying for labor.

Not many people here think like you do. Most here think that you should pay a fair wage and try to lessen the wage imbalance...that's a benefit.

[Driller1]

Originally Posted by freemkt

Hmmm...I previously had an office job for 20 years. (I still work for this employer but now I do it remotely and am a truly a 1099 contractor.)

For the first few years, I was paid as a contractor while working at a desk in the office, as my employer had not set up a payroll.

To this day I can't think of any 'expenses' there I could have taken on a Schedule C.

All expenses are write offs.

[Felix C]

$15 is the bottom threshold. Then you have annual wage increases othewise staff become demotivated and leave. $15/hr becomes $16,$17,etc. Soon staff makes as much as managers,etc. A few years and you have quite a payroll situation which needs to be balanced by growth.

[Mircea]

Originally Posted by greywar

Yes, welcome to the future. Peoples work is increasingly unnecessary. So I guess you're right-this should show those people that the argument should be about a basic income NOT a minimum wage.

That fails.....it's just clever propaganda cloaked in the stench of Liberal ideology.

You have no right nor entitlement to a specific Standard of Living.

Originally Posted by greywar

We cannot compete with the machines on these sorts of jobs. more and more hard working people will be displaced. Hard work is no longer enough. For at least another decade you will have to be smart too....eventually those folks will get replaced as well.

Yes, you can compete...it's called the 5th Level Economy. Liberals destroyed the education system, so you are not able to produce engineers, mathematicians and scientists --- real scientists.....not social sciences --- to move into Research & Development.

Originally Posted by greywar

The correlation the OP is trying to make (and failing really) is that having a minimum wage causes people to be replaced with automation. Of course thats nonsense, we're going to do it anyways....

You're wrong as usual, because you don't understand Economics and you still think everything is "Free."

Automation is not "Free" and businesses do not automate for the sake of automation.

The Three Basic Laws of Economics:

1] You must offer a product or service that is in demand; and
2] Your product or service must be of the highest possible quality relative to the Market in which you are competing; and
3] Your product or service must be offered at the most competitive price (relative to your Market).

Fail to comply with any one of the "3 Laws" and your business fails (unless you are Solyndra and your friends in government subsidize you with tax-payer money).

Your ability to offer products or services that are competitively priced in your Market is dependent almost entirely on costs (excluding Price Elasticity for the simplicity).

One major cost is Labor Cost, which is the sum of Wage Cost plus legally required benefit costs plus voluntary benefit costs.

It costs money to secure the Capital -- cash or credit -- to purchase automation. Automation also costs money over the short-term, mid-term and long-term due to down-time and maintenance costs, plus, future replacement costs.

When you learn to distinguish between Consumer Technology, and Medical/Industrial Technology, and when you learn the meaning of "Economy of Scale," then you will understand why Consumer Technology decreases in price over the long-term, while Medical and Industrial Technology increases in price.

When Labor Costs exceed the total costs of automation by some margin, then it becomes financially logical to automate.

Increasing minimum wage increases both the Wage Cost and the Labor Cost. When those costs exceed the cost of automation, then employers automate.

That's how it works....

Mircea

[freemkt]

Originally Posted by Driller1

All expenses are write offs.

What I mean is I can't think of any expenses I incurred pertaining to that work.

[Driller1]

Originally Posted by freemkt

What I mean is I can't think of any expenses I incurred pertaining to that work.

Did you live there....or, did you drive there or, other transportation. (plus your car costs and insurance)

Did you work in the nude???

Did you have a phone???

Think.