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This is what cracks me up about you guys. You don't want the government to mandate salaries. I get that. But when a business owner does what this guy did, you actively root against him. No more of this "he owns the business, he can do what he wants" type of stuff.
Had he slashed salaries (and the libs complained) you would have defended this guy...
Yeah, and THEN they turn around and complain how tough things are for WORKING PEOPLE!!!!
The U.S. is a consumer-based economy. The best way to feed such an economy is to make sure that WORKERS ARE PAID FAIR WAGES since it's consumption by those workers that drives the economy. Yet folks on the Right seem to oppose EVERY SINGLE THING (such as unions or the minimum wage) that increase wages for the workers.
Then they complain about how tough things are for workers.
DUH!
Why don't they raise it to $20-25 an hour ? That would really help those working stiffs.
The minimum wage should be in line with GDP per capita, median full time pay, productivity growth rates and other indicators. A federal national minimum wage of around $15 by 2020 is therefore reasonable, while some locations and states with higher cost of living can go higher than that if they want of course.
Huge numbers of working stiffs will benefit from massively improved bargaining power, just like we saw in 1950 when the minimum wage doubled, consumer spending would boom as the bottom 40% spend their money (propensity to consume is very high among this group) and they spend it in America, not on the Cayman Islands and far flung places like Wall Street fat cats do.
Why don't they raise it to $20-25 an hour ? That would really help those working stiffs.
Why don't we lower wages to $1 an hour for everyone so businesses can afford to hire 10 times as many people - that would make sure that EVERYONE would have a job. How many homes do you think you'd be selling under those conditions?
$15/hour is not an unreasonable minimum wage in a city like Seattle where the cost of living is very high. As I said, the push for such a minimum wage is simply an attempt to bring the minimum wage back to what it USED TO BE when adjusted for inflation.
A solid majority of Americans support a federal minimum wage of $15 an hour.
The starvation wage crowd are finding it increasingly difficult to defend their agenda of crushing the workers by duping them with doom and gloom scenarios.
A solid majority of Americans support a federal minimum wage of $15 an hour.
The starvation wage crowd are finding it increasingly difficult to defend their agenda of crushing the workers by duping them with doom and gloom scenarios.
Not suprising as a majority don't understand supply/demand or the concepts of ownership rights.
A solid majority of Americans support a federal minimum wage of $15 an hour.
The starvation wage crowd are finding it increasingly difficult to defend their agenda of crushing the workers by duping them with doom and gloom scenarios.
It's why they like the russian interference with the election ,to keep their fellow comrades down.
Not suprising as a majority don't understand supply/demand or the concepts of ownership rights.
lol, fewer and fewer people are getting duped by the donor class propaganda. And people in places like Seattle benefit when the people reject the donor class propaganda and start fighting for their own interests and not the interests of the ruling class like you continue to do.
It is kinda obviously "fake" (someone really wrote it, but they are fudging their data sources). Follow the links in the article and they go nowhere or go back to blog posts by the same author.
And if you try to find the data it claims to find, like BLS local unemployment statistics for Seattle, you find that they are not compiled and do not exist. It even has a typo in the alleged BLS graphic.
The one actual study he links to (after you go through three others sets of blog links), says that Seattle workers are earning more, but most of the earnings can be attributed to regional economic improvements, but losing jobs at accelerating rates and having their hours cuts.
Same study found that businesses were not dropping in number, but the churn rate was accelerating (more closures, but also more openings). Basically, labor intensive businesses were closing and being replaced by capital intensive business.
lol, fewer and fewer people are getting duped by the donor class propaganda. And people in places like Seattle benefit when the people reject the donor class propaganda and start fighting for their own interests and not the interests of the ruling class like you continue to do.
Supply and demand and private property rights qualify as "donor class propaganda"?
Consider yourself in the ignorant category.
That's funny, I was just in Seattle a couple of months ago. There were "help wanted" signs in business windows everywhere and over 60 construction projects going on simultaneously. I counted 48 big cranes. Didn't seem very "fake" to me.
Ken
As I mentioned above, this is not necessarily a good sign for minimum wage workers. This might reflect the shift from labor-intense to capital-intense industry. (The help wanted signs themselves are evidence of the labor mismatch you would expect if you are having high churn and a minimum-wage driven skills conversion. Basically, the help they want is high skilled help that justifies its wage and the reason they are are putting up help wanted signs is because they are not hiring the lower skill lower productivity people who walk in the door.)
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