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For those frothing at the mouth at the notion of minimum wage going up, let me break it down for you.
In order for a worker to make profits for their greedy boss, they need a certain amount of income in order for them to be able to function at their job. They need food, water, shelter, transportation to work, healthcare, etc. The sum total value of this depends on location but we can give it an abstract value and call it just X.
Now if minimum wage is below the value of X, which is absolutely is, then the worker must rely on other means in order to account for the missing value of X, remember they need X in order for them to function at their their job. Where do they find this missing value, through public assistance programs like Food Stamps for example. (50% of all people who make minimum wage are on at least one public assistance program) Who pays for public assistance programs? We do the tax paying public.
By not paying their employees enough to function at their job (X) these companies have instead relied on YOU the tax payer to help pay for their employees ability to function at work. But do these companies then share the labor profit these employees make with you the tax paying American? NOPE...they keep it all for themselves and give you nothing. So you are helping to foot the bill but get nothing back in return while they make a lot more money for themselves.
If the cost of minimum wage goes way up and those working for these companies can have the total value of X paid for through their wages, then they wouldn't need your tax dollars. Thus saving YOU money, allowing it to be better spent on other things like better roads, schools, whatever....
To sum it up, you the American taxpayer are being taken for a fool by keeping the minimum wage so low by the people who are making all the money. To top it off, they have brainwashed most of you lot into thinking the problem is with the minimum wage worker.
Americans are easily the most gullible and manipulated people in human history....it really is just beyond comprehension.
It is, but the folks on here don't seem to have a problem with a billionaire like Jeff Bezos abusing the system to help him rake in billions but they have a major problem with a janitor making a few bucks more an hour. Highlights the moral bankruptcy of 21st century American economics.
In order for a business owner to provide an income + medical coverage+workman's compensation insurance+FICA and pay overhead expenses they can only pay a certain wage to each employee in order for them to run their business and make any profit.
If minimum wage is $20/hr. a business would have to pay its base skilled worker at least $40/hr., its experienced workers a minimum of $80/hr. and up. These additional salaries and corresponding FICA would force the business to either go under because they could not pay operating expenses, make no profit themselves or reduce their staff causing more people to go on public assistance.
Minimum wage jobs are not intended wages to raise a family, buy a home, etc. but as starter jobs, second jobs, transitional jobs.
My grandson is working a summer job as a grunt, step and fetch it laborer for slightly over minimum wage ($8/hr). Why should he be paid the same as a skilled tradesman (20$/hr)?
Low wage jobs do not come with "medical coverage" in MOST cases so the taxpayer foots the bill.
It is, but the folks on here don't seem to have a problem with a billionaire like Jeff Bezos abusing the system to help him rake in billions but they have a major problem with a janitor making a few bucks more an hour. Highlights the moral bankruptcy of 21st century American economics.
Amazon does have a starting pay of $15/hour.
And these big companies contract out their cleaning services so if you want to defend that janitor then targeting Amazon won't do you any good.
And these big companies contract out their cleaning services so if you want to defend that janitor then targeting Amazon won't do you any good.
Depending on the state but anywhere from 10 to 40% of Amazon workers are on food stamps. So you and I are subsiding the necessary pay for Amazon workers. Meanwhile Jeff Bezos is worth a cool 129 billion. Highway robbery through and through.
Rep. Rashida Tlaib, D-Mich., called for a federal minimum wage of $20 per hour at an event in Detroit on Sunday night, prompting mockery from conservatives and threatening to force mainline Democrats in the 2020 presidential race to address the issue in upcoming debates.
Location: New Albany, Indiana (Greater Louisville)
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It's easy to look at the super rich and then press for very high minimum wage. But most small business owners are no where close to as rich and far more of them would be hurt. There are only 500+ billionaires in the USA, only 6% of the USA population are millionaires. I'd prefer a moderate minimum wage increase and then slightly higher taxes on the top 5% that pay for more social services.
Then when ya buy a burger it will cost $8 smackers.
it already does at alot of places..
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