Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Talk about hyperbolic rhetoric, so you are okay than everybody else must be as well?
My accounting firm does taxes and bookkeeping for hundreds of small business owners, and yes there are plenty of restaurants and such where the owner is struggling to keep the lights on, even in well known franchises with decent locations. If they have to start paying the junior line cooks, the dishwashers, and prep cooks starting at $15 an hour they will be gone soon enough.
Okay, read my other posts. Raising minimum wage from $7.25 to $15.00 overnight ain't gonna happen. It's lunacy. Not being a fan of lunacy, I'd never suggest doubling the minimum wage overnight, and no one with any power to do so would suggest such a thing, so stop with the hyperbole. The article is about Minneapolis, where the minimum wage will be $9.50 next year, not $7.25. So, not only is the federal minimum wage irrelevant to the story, anyone who seriously thinks the minimum wage will double by summer is fantasizing. Screw these 15 Now idiots. If you want to discuss realistic minimum wage proposals, Obama's $7.25 to $10.10 incremental increase should be the subject, not some whacky 15 Now organization.
Quote:
There are plenty of businesses where I know the owners and their financial statements, and know that they often have to make a choice between hiring another person and spending money on advertising to grow or stay where they are and still get enough of a check to pay their bills. If their minimum wage guys are getting a 40% raise they are in serious trouble as well.
Despite all the hype the biggest employer in the country is our government through 1 branch or another,nearly half of the country that works for private companies work for small businesses. 99.7% of the companies in this country are small businesses, 64% of the jobs being created are created by small businesses, but let's ignore all those companies and point to how good you have it working for a large corporation.
But do not worry if wages go up to $15 an hour and all these small businesses close, who do you think is going to foot the bill?
Just like many times the government gets a wild hair and decides they are going to help us, they are going to give more money and power to the large corporations as the small business owners competing in markets all across the country will be priced out of the market.
Last edited by nvxplorer; 02-15-2015 at 06:12 PM..
Let me ask you something. Everyone in the company I work for got a raise and bonus last year. You tell me who was victimized by the company's actions, and there will be your answer.When speaking of economic activity, the terms "winners" and "losers" are preferred. The term "victim" implies wrongdoing, an attack or mishap. Raising the minimum wage does none of these. It's purpose is to help people.
Will there be losers? Of course. But there will be winners as well. An argument can be made that recycling the money through local economies will create more jobs than are lost. I tend to agree. Demand is low.
Just because added costs are mandated does not mean people are being victimized.
Fair question and thank you for asking.
As far as my wording and view on who would be a victim.
When I gave the example in my thread post of the group homes and Caregivers, I can 1st hand see how it will effect people with disabilities who need hired help, and also the elderly who need home care.
Those people I see as victims.
And it will more than likely have a big impact negativly.
As far as my wording and view on who would be a victim.
When I gave the example in my thread post of the group homes and Caregivers, I can 1st hand see how it will effect people with disabilities who need hired help, and also the elderly who need home care.
Those people I see as victims.
And it will more than likely have a big impact negativly.
Please be more specific. Which caregivers pay minimum wage and how do you think it will affect price? If prices go up, I wouldn't call that being victimized. I'm not really following you, Atalanta. Somebody is paying for this care, which isn't cheap. Costs go up all the time, so why would a labor cost increase be any different than a raw materials cost increase? Nobody will lose their care because of a minimum wage increase, and no, it's not going from $7.25 to $15.
Anyone suggesting doubling the minimum wage overnight is not being realistic. No one other than advocacy groups would suggest such a thing. Minimum wage increases occur gradually. $7.25 to $10.10 over three to five years is realistic. Doubling overnight is fantasy.
In the US, it would be a disaster and employers would do everything they could to cut as much labor and transfer as much of the extra cost to the consumer as possible.
In a civilized country that isn't killing itself through greed, it probably wouldn't be such a major issue.
Sigh, I've answered this a zillion times, yet people keep asking...
To the extent minimum wage policy has winners and losers, any minimum wage increase from X to Y has a subset of losers consisting of the set of workers earning more than X and not more than Y.
Since the subset of losers between X and Y is larger for Y=$25 than for Y=$15, a $25 minimum wage is worse and less desirable than a $15 minimum wage.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
