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I agree many low skilled employees make $10 or less per hour.
True Solution: Increase your skills. These jobs, at $10 or under, are NOT careers. Use them as they were intended, 1st entries into employment, very short-term.
I agree many low skilled employees make $10 or less per hour.
True Solution: Increase your skills. These jobs, at $10 or under, are NOT careers. Use them as they were intended, 1st entries into employment, very short-term.
Exactly.
Essentially, money is just a paper representation of goods and services. If your labor isn't worth as much as another person's labor or their goods, you need to perform different labor.
People who argue against raising the minimum wage always use a tired and illogical argument when they state: "Very few people make the minimum wage anyway, so what is the point?"
They are right, very few people make the actual minimum wage. But if you take the total number of people who make $10 an hour or less, you are talking about LOTS of PEOPLE. So if the government increases the minimum wage up to $10.00 an hour, you are impacting lots of workers.
The second issue is the compensation of semi skilled workers who now make $9.00 to $10.00 an hour, and have been rewarded for having some skills. If the minimum wage goes up to $10.00 an hour, how much of a salary increase will the semi skilled workers expect and demand above the new minimum wage?
The new $10 an hour minimum wage is now impacts a lot more people. Your thoughts?
Essentially raising wages to $15.00 will only benefit the government by increasing taxes paid. To cover the raise businesses will have to increase the prices of everything, landlords will increase rents just because they can and the actual take home pay will remain where it is or lower.
Once again, the only true winner will be the government because they will collect more taxes.
I agree many low skilled employees make $10 or less per hour.
True Solution: Increase your skills. These jobs, at $10 or under, are NOT careers. Use them as they were intended, 1st entries into employment, very short-term.
Not always, in some industry or companies keeping costs down is as important as in increasing workload or customers. You may be a highly trained specialist making top dollar anf those under you won't get a raise until you get outed because managers don't want to pay more in labor. Once they get rid of the top dollar specialist they can satisfy some of the juniors up and coming with raises.
I agree many low skilled employees make $10 or less per hour.
True Solution: Increase your skills. These jobs, at $10 or under, are NOT careers. Use them as they were intended, 1st entries into employment, very short-term.
Quote:
Originally Posted by PedroMartinez
Exactly.
Essentially, money is just a paper representation of goods and services. If your labor isn't worth as much as another person's labor or their goods, you need to perform different labor.
Def some real good reasons to cut down MOST immigration right there. I ain't talking about the "H1b" visa thing because most of those people make MUCH more than 10 an hours.
I agree many low skilled employees make $10 or less per hour.
True Solution: Increase your skills. These jobs, at $10 or under, are NOT careers. Use them as they were intended, 1st entries into employment, very short-term.
Yes, in a perfect world everyone would increase their skills and make more money but our nation has maybe 50 million dirty boring low skilled jobs that someone has to fill. Pay these 50 million workers poorly and they cost us all money in food stamps, public housing and free lunches for their kids at school. Maybe the private sector needs to pay the working poor more so taxpayers will have to pay less.
This is also a tired argument. When corperations are raking in record profits and CEOs and Stockholders are seeing the highest wages & dividends in history recently. Its difficult to use the "the cost of all labor goes up followed by prices and you're right back where you started argument" The solution is, raising prices shouldn't even be a question. I always find it bizarre that in this country we don't seem to have a problem cutting wages, benifits from our lower and mid level employees to maximise profits for Investors and CEOs so they can have outlandish paydays at the end. But the ideal of raising wages to lower or mid level employees and the fear tactic is used "The prices will rise!" Solution: Cut upper level and investors percentage to pay for labor increases. There are some CEOs who make more then all of there hr employees together. Outlandish.
LOL.
Investors invest to make money not to create jobs; therefore, investors will want to increase the prices for goods, or whatever else it takes such as automation or reducing jobs, in order to make a profit on their investments.
What naive person doesn't understand people invest, risk, their money to make money?
Investors also want to hire the best people they can afford to run their company. It's not much different than the owner of a professional sports team. A MLB player can go out and hire a bunch of "softball" guys for $100k to come be on their team, but their is a reason they skip them and pay players $5 million.
Additionally, this:
Quote:
Originally Posted by Haakon
The same old ignorant argument that shows a total lack of understanding the business landscape. Most ceo's aren't making millions of dollars, over 50% of people work for small businesses with less than 500 employees. The average small business CEO makes $155,000. Yes Microsofts CEO makes billions of dollars, how many minimum wage employees do you think they have? How many of the 15,000 Amazon employees in Seattle are making minimum wage?
The average Fortune 500 CEO makes $10 million, the average number of employees in a Fortune 500 company is 52,000. If you took 100% of the CEO pay and gave it to the employees they would get a whopping $192 / year, a whole 9 cents / hour.
Increasing the minimum wage is going to have a vastly larger, negative, impact on small business than the few companies paying their CEO's millions.
If you don't like what a company is paying their CEO don't work there, don't buy from them, don't own stock in their company.
If you think the guy sweeping the floor should make the same as the CEO start your own business and pay them that.
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Quote:
Originally Posted by lionking
Not always, in some industry or companies keeping costs down is as important as in increasing workload or customers. You may be a highly trained specialist making top dollar anf those under you won't get a raise until you get outed because managers don't want to pay more in labor. Once they get rid of the top dollar specialist they can satisfy some of the juniors up and coming with raises.
Companies trade money for skills based upon the value of those skills. The more people with the same skills you have, the lower your value. If your skills are limited and in demand, a company can NOT low-ball you on salary, because you will get hired elsewhere. This would be the reason employees such as engineers aren't being paid minimum wage.
Too many people are making this harder than it is. Pay is about skills and supply. Since practically everybody who can breath have the skills to flip burgers and the pool of people with that talent is practically unlimited, you will be on the very bottom end of the pay scale. Since neurosurgeons and NBA players like Stephen Curry have the type of skills that hardly anybody else has, their talent commands a lot of money.
If you want more money, it's up to you to make sure your talent pool is relatively small.
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Quote:
Originally Posted by Laid Off
Yes, in a perfect world everyone would increase their skills and make more money but our nation has maybe 50 million dirty boring low skilled jobs that someone has to fill. Pay these 50 million workers poorly and they cost us all money in food stamps, public housing and free lunches for their kids at school. Maybe the private sector needs to pay the working poor more so taxpayers will have to pay less.
It still comes back to value of labor, which means that these jobs will never be worth more.
Currency is just something that simplifies bartering.
So, the cost of all labor goes up followed by prices and you're right back where you started.
And another argument that is not based on reality. Inflation occurs no matter what. Guess what? We haven't had any minimum wage increases for a while...and inflation is still occurring. Also guess what? When we have increased minimum wage in the past....inflation has not increased.
ts odd I keep repeating this, and no one disagrees....and yet I see this same tired and wrong argument....over and over.
Relax, Laid off, Robots will wipe out most of those low-paying jobs. Feel better now?
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