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Unfortunately, you're right. The only people willing to take it will be illegal aliens who enjoy welfare benefits and work under the table. We are allowing our birthright to be sold to the illegals who take the lower paying jobs we would refuse.
Illegals cannot get welfare. Also people who refuse to work cannot get welfare. Few republicans seem to actually know this
Hard numbers would require a survey of many businesses. We can look to studies to predict outcomes. Full service restaurants would be one industry affected by a minimum wage increase. According to this article, average labor cost for full-service restaurants is 33% of total costs. From there, it's just math.
It was 28% cost for the example I posted so that's about right. A full scale minimum wage wouldn't work simply for this reason. It's large multi billion dollar retail chains that are really ripping people off. It's a problem that needs fixed, but that fix in and of itself is a problem, because there are so many variables and not every business is as profitable as walmart for example. I think expanding EITC for people without kids, more for those with, quitting demonizing food stamps etc is a better solution. Everyone should obtain skills, but considering 25% of the workers in us work low wage jobs, not everyone with skills is destined to find a high paying job. Our economic reality has changed and we must shift to a balance between state and free market, the same way the rest of the world realized long ago. We need a market as free and open as possible, but we also need a safety net.
Illegals cannot get welfare. Also people who refuse to work cannot get welfare. Few republicans seem to actually know this
Really? Tell that to those who cross the border to give birth and then collect everything from welfare to a free education for their kids. You can indeed come here illegally and collect welfare, get free medical care and a free education including college for your kids. IMO this is something we need to change. The birthright needs to be for children born to those here legally.
I'm afraid it's you who needs to bone up on use of welfare programs by illegals.
"We estimate that 52 percent of households with children headed by legal immigrants used at least one welfare program in 2009, compared to 71 percent for illegal immigrant households with children. Illegal immigrants generally receive benefits on behalf of their U.S.-born children." (emphasis added)
Hard numbers would require a survey of many businesses. We can look to studies to predict outcomes. Full service restaurants would be one industry affected by a minimum wage increase. According to this article, average labor cost for full-service restaurants is 33% of total costs. From there, it's just math.
Forget the rest.
Just figure out what Wal-Mart would do. They employ 1% of the US's labor force.
Illegals cannot get welfare. Also people who refuse to work cannot get welfare. Few republicans seem to actually know this
I covered this elsewhere. Illegals can get welfare under the umbrella that they are getting it for their children. As far as not working, all you have to do is be willing to put in the time to get your disability claim accepted. They all do sooner or later.
Tell that to Henry Ford. When he upped his workers pay by almost 100% he made a lot more money.
Seriously though, if a business has 50% of its cost of business as labor then doubling the cost of labor by increasing wages by 100% only requires a 50% increase in cost to cover it but the workers have 100% more money to spend, so they have 50% left over after the pay bump.
What the world is currently short on is consumer spending. Upping the minimum wage will get you that.
I respectfully disagree with you.
Let's talk about Henry Ford.
The true lesson of Ford’s doubling of wages was not about enabling employees to afford a car, it was actually about retaining his best workers, something Ford had been struggling with as his company experienced heavy turnover. I would say that best workers should NEVER settle for minimum anything.
Also, there are a lot of differences between a 1913 motor company and a 2015 retail business. You are actually comparing apples to oranges.
Last but not the least, There’s a big difference, having a private business, pay there employees more, and forcing all businesses to pay their employees more, if they can afford it or not.
Last but not the least, There’s a big difference, having a private business, pay there employees more, and forcing all businesses to pay their employees more, if they can afford it or not.
If they can't afford it they go out of business. But Wal-Mart is a fine example. They are famous for having their workers qualify for government assistance. If they can't pay their employees enough to not qualify for government assistance then they should have their profits confiscated to pay for the welfare. They are the biggest employer in the US. They employ 1% of the workforce in the US.
$126 billion in profit last year and that is subsidized by the tax payers.
Forcing businesses to pay more prevents people from working for less than enough to keep them alive. The rate of pay for a rickshaw driver in pre WWII china wasn't high enough to pay for enough food to keep the driver alive.
If they can't afford it they go out of business. But Wal-Mart is a fine example. They are famous for having their workers qualify for government assistance. If they can't pay their employees enough to not qualify for government assistance then they should have their profits confiscated to pay for the welfare. They are the biggest employer in the US. They employ 1% of the workforce in the US.
$126 billion in profit last year and that is subsidized by the tax payers.
Forcing businesses to pay more prevents people from working for less than enough to keep them alive. The rate of pay for a rickshaw driver in pre WWII china wasn't high enough to pay for enough food to keep the driver alive.
This is one of the more bizarre things I have ever read. So if a small business can't afford to pay wages artificially mandated by the gov't, they should go out of business? All the people they employ should now be out of work bc the gov't mandated an artificial wage instead of letting the free market dictate what the employee's skills / service is worth? I truly have a hard time comprehending a human being would have this view. Are you being serious or am I being trolled?
Quote:
Originally Posted by ContrarianEcon
If they can't afford it they go out of business. But Wal-Mart is a fine example. They are famous for having their workers qualify for government assistance. If they can't pay their employees enough to not qualify for government assistance then they should have their profits confiscated to pay for the welfare. They are the biggest employer in the US. They employ 1% of the workforce in the US.
$126 billion in profit last year and that is subsidized by the tax payers.
Forcing businesses to pay more prevents people from working for less than enough to keep them alive. The rate of pay for a rickshaw driver in pre WWII china wasn't high enough to pay for enough food to keep the driver alive.
This is one of the more bizarre things I have ever read. So if a small business can't afford to pay wages artificially mandated by the gov't, they should go out of business?
If they can't pass the cost of wages on to their costumers then yes.
Quote:
Originally Posted by joeymags
All the people they employ should now be out of work bc the gov't mandated an artificial wage instead of letting the free market dictate what the employee's skills / service is worth?
Yep and that will be followed by the FED loaning out enough money to get 5% unemployment rate.
Quote:
Originally Posted by joeymags
I truly have a hard time comprehending a human being would have this view. Are you being serious or am I being trolled?
Back in the day What would become Utah had a minimum wage. What they used for money back then was flower Wheat flower. You paid the worker enough to feed his family or you didn't employ him. Oh ya and Brigham Young ran the welfare system out of his own pocket. I come from a very different place than you do. And Utah places dead last in direct federal spending per person. And it has the second lowest unemployment rate in the nation. Get on board or get left behind.
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