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Old 08-05-2019, 05:53 PM
 
Location: Florida
7,774 posts, read 6,383,187 times
Reputation: 15782

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Grade school economics: higher wages increases cost of doing business, employer raises prices, the result is called inflation.

Inflation devalues the dollars that those on fixed income have saved in prior years.

Retirees are forced to switch from eating Alpo to eating store brand.

 
Old 08-05-2019, 06:04 PM
 
6,835 posts, read 2,399,004 times
Reputation: 2727
Say that this $15/hour minimum wage got widely implemented! The feminists might still do the women make the ridiculous claim of 77 cents to the dollar a guy makes. So, even raising the minimum might not appease the extreme feminists. Also, the cost of products get increased which helps the producers but not necessarily the consumer!
 
Old 08-05-2019, 06:56 PM
 
Location: Stillwater, Oklahoma
30,976 posts, read 21,630,499 times
Reputation: 9676
Quote:
Originally Posted by engineman View Post
Grade school economics: higher wages increases cost of doing business, employer raises prices, the result is called inflation.

Inflation devalues the dollars that those on fixed income have saved in prior years.

Retirees are forced to switch from eating Alpo to eating store brand.
Then in that case why not advocate cutting the minimum wage to $5.00 an hour? Stand back and watch the job boom. Others will say eliminate minimum wage and stand back and watch how close people are willing to work for ZERO.
 
Old 08-06-2019, 04:43 AM
 
1,967 posts, read 1,306,997 times
Reputation: 586
Quote:
Originally Posted by Neuling View Post
What is decent depends most of all on the local cost of living, especially housing. In other words, I am not for a fixed minimum wage across the country, but for regional ones. ...
Neuling, members of our first constitutional convention understood that some states were able to exert their commercial advantages to the detriment of other states. This was particularly true among adjoining states.

The constitutions commerce clause was enabled by delegates from wealthier states agreeing to sacrifice their own states' advantages. Without such compromises, the constitution would not have been ratified and our nation might not now be existing. That compromise is no less needed now, as it was in 1787.
Quote:
Originally Posted by Supposn View Post
Mircea, the U.S. Congress past an act establishing the federal minimum wage rate as legally applicable to the District of Columbia and all of our states.
The act does not prohibit any state or from enforcing a higher minimum rate within their jurisdictions.

Employers as specified within the federal statutes of the Fair Labor Standards Act and its updates are prohibited from paying employees less than the applicable federal minimum wage rate. The minimum wage rate laws have been sometimes challenged and found to be essentially legal.

The U.S. Congress determined a federal law was necessary to reduce the economic harm that a U.S. State may deliberately or inadvertently inflict upon any other U.S. States.
 
Old 08-06-2019, 04:50 AM
 
Location: Texas
37,949 posts, read 17,859,151 times
Reputation: 10371
Quote:
Originally Posted by Supposn View Post
Minimum wage, a character issue. That's the essence of personal and political opposition to the FMW rate.
The federal minimum wage, (FMW) rate is of net social and economic benefit to our nation. It has never been among the major causes of the U.S. dollar’s inflation; on the contrary, it’s certainly among inflation's victims.

No employees are poorer and no enterprises suffer any competitive disadvantage to any USA enterprises due to the FMW rate.

[there’s no doubt that USA’s higher wage rates are among the causes of our products’ price disadvantages in comparison to products from lower-wage nations; but although the elimination of our minimum wage laws would be greatly detrimental to our nation’s net social and economic well-being, eliminating it would accomplish extremely little to remedy our products’ global price disadvantages.]

I suppose most USA’s population, (significantly more than a 10% plurality) to some extent approve of federal minimum rate’s existence. There are much fewer among wealthy or competent people that are opposed to the federal minimum rate.

A great proportion of minimum rate opponents lack self-esteem. They need whatever affirmation of their own worth that they can derive by being able to look down upon people experiencing lesser financial conditions. They cannot acknowledge even to themselves their fears of improving the financial conditions of others would consequentially reduce their own social status. That’s the essence of personal and political opposition to the FMW rate.
58% of the workers are on minimum wage. Of those 58% ~2.3% earn minimum wage. Of that 2.3% half are under 25.

"Workers under age 25 represented only about one-fifth of hourly paid workers, they made up about half of those paid the federal minimum wage or less. Among employed teenagers (ages 16 to 19) paid by the hour, about 8 percent earned the minimum wage or less, compared with about 1 percent of workers age 25 and older."


https://www.bls.gov/opub/reports/min.../2017/home.htm


Here's the kicker from that same article
The percentage of hourly paid workers earning the prevailing federal minimum wage or less declined from 2.7 percent in 2016 to 2.3 percent in 2017. This remains well below the percentage of 13.4 recorded in 1979, when data were first collected on a regular basis.

down from 13.4% to 2.3% so now government steps in to save the day after the fact. Same garbage as the War on Poverty.
 
Old 08-06-2019, 05:57 AM
 
1,967 posts, read 1,306,997 times
Reputation: 586
Quote:
Originally Posted by Loveshiscountry View Post
58% of the workers are on minimum wage. Of those 58% ~2.3% earn minimum wage. Of that 2.3% half are under 25.

"Workers under age 25 represented only about one-fifth of hourly paid workers, they made up about half of those paid the federal minimum wage or less. Among employed teenagers (ages 16 to 19) paid by the hour, about 8 percent earned the minimum wage or less, compared with about 1 percent of workers age 25 and older."


https://www.bls.gov/opub/reports/min.../2017/home.htm


Here's the kicker from that same article
The percentage of hourly paid workers earning the prevailing federal minimum wage or less declined from 2.7 percent in 2016 to 2.3 percent in 2017. This remains well below the percentage of 13.4 recorded in 1979, when data were first collected on a regular basis.

down from 13.4% to 2.3% so now government steps in to save the day after the fact. Same garbage as the War on Poverty.
Loveshiscountry, it's inconsequential as to how many workers earn exactly $7.25 per hour.

What's of consequence is more, but no less than the 20th percentile of USA employees earn the extremely lowest USA wage rates that are critically affected by the federal minimum wage rate. The remainder of USA's 40th percentile of lower-wage employees are substantially affected by the federal minimum wage rate.

Republicans prefer pretending the federal minimum wage rate affects less than 3% of USA workers and they're almost entirely school children or retired people that have nothing better to do with their time.
 
Old 08-24-2020, 10:30 AM
 
15,070 posts, read 8,629,287 times
Reputation: 7427
Quote:
Originally Posted by Neuling View Post
In the supermarket I tend to go to, they also have two self-service lines, but the ones with human cashiers are always much longer because people don't like self-service.

Walmart etc. make huge profits, but they prefer to give them to investors that are already filthy rich instead of paying their employees decent wages.
Freedom isn’t free, and does have it’s inconveniences, but its still far more desirable than the alternatives. This includes the concept of free market economics, where a business has the freedom to operate in what it deems to be the most efficient, cost effective, and profitable manner, including the hiring of employees, and the rate of pay the business pays for any particular service. The parallel is also an inseparable component of that freedom, insofar as an individual person’s freedom to decide what their time and labor is worth, and choose to accept or not, any particular job based on their freedom to choose. The moment an outside entity, such as government interferes in that employee-employer matter, that freedom is lost.

Example: ABC co. is in need of another cashier, and deems the position to be worth $10/hr, evidenced by the other 4 cashiers willing to do the work for that rate of pay. BUT, along comes the brilliant liberals who wrongly believe that they know better how to manage this relationship, and impose a mandatory $15/hr minimum wage. The result? The cashier number 5 doesn’t get hired, even though he was willing to work for the $10/hr. This do-gooder liberal philosophy has now eliminated both the employer and the prospective employee’s freedom to engage in an employment arrangement. Not only that, but its possible that one of the existing cashiers might be let go, rather than dole out a total of $60/hr for the 4 cashiers, rather than the $40/hr it cost the employer at $10x4. So you NOW have 3 cashiers making an extra $5/hr, but 2 making 0. This is a simplified explanation for why liberal economic philosophy ALWAYS leads to failure, loss of jobs, and a loss of freedom.
 
Old 08-24-2020, 11:42 AM
bu2
 
24,080 posts, read 14,875,404 times
Reputation: 12924
Quote:
Originally Posted by Supposn View Post
Minimum wage, a character issue. That's the essence of personal and political opposition to the FMW rate.
The federal minimum wage, (FMW) rate is of net social and economic benefit to our nation. It has never been among the major causes of the U.S. dollar’s inflation; on the contrary, it’s certainly among inflation's victims.

No employees are poorer and no enterprises suffer any competitive disadvantage to any USA enterprises due to the FMW rate.

[there’s no doubt that USA’s higher wage rates are among the causes of our products’ price disadvantages in comparison to products from lower-wage nations; but although the elimination of our minimum wage laws would be greatly detrimental to our nation’s net social and economic well-being, eliminating it would accomplish extremely little to remedy our products’ global price disadvantages.]

I suppose most USA’s population, (significantly more than a 10% plurality) to some extent approve of federal minimum rate’s existence. There are much fewer among wealthy or competent people that are opposed to the federal minimum rate.

A great proportion of minimum rate opponents lack self-esteem. They need whatever affirmation of their own worth that they can derive by being able to look down upon people experiencing lesser financial conditions. They cannot acknowledge even to themselves their fears of improving the financial conditions of others would consequentially reduce their own social status. That’s the essence of personal and political opposition to the FMW rate.
Another arrogant post by someone without the moral empathy for the unemployed or the mental capacity to understand how raises in the minimum wage eliminate jobs (seen any McDonald's lately with their self-ordering machines?).
 
Old 08-24-2020, 11:46 AM
 
15,070 posts, read 8,629,287 times
Reputation: 7427
Quote:
Originally Posted by Neuling View Post
What does all that have to do with communism?! Do you really think people still buy into that old tactic of putting anything one does not like into the commie drawer?!
Its not a tactic to call a pig a pig. Its just called honesty. What is not honest is to deny the socialist-communist roots of every position you take right here in this very post, while attempting to divert by insinuating mischaracterization of those positions as a tactic.

Quote:
I don't even have a problem with communism, if it is implemented well. Your Marx quote is not very realistic in the original sense because the whole idea of abundance and thus free this and that is unrealistic and even undesirable in terms of the environment. But the saying can make sense in a modern interpretation, namely that those who have a lot can give a lot, and those who don't have a lot are more on the receiving end.

I have no problem with that as I am not a social darwinist. I am realistic. Humans are very diverse. There is no point in pretending everyone has the potential to become an achiever. let alone overachiever, that small caste of maniacs that are pushing our world to the brink. There will always be a certain percentage of the population that for all kinds of reasons will never be productive, successful, etc. Yet, they will not go away, nor do I as a member of a civilized human society want to see them impoverished, ill, etc.
If implemented well? Perhaps you can cite an example of communism that was implemented well? I cant find one, but I have found countless examples of the degradation, misery and mass suffering caused when the naive make the grave mistake of accepting the promises of communism, while remaining ignorant to history which shows communism’s failure, over and over again.

Quote:
Also, when some people complain about financing a minimum wage, they don't mention the fact that many managers earn way too much. Money that could be redistributed to a certain extent.
Managers earning way too much? According to whom? You? How much is too much? And, what qualifies or entitles you to decide such a thing? Better question would be .... why do you think its ok to steal from one person (the overpaid manager) to give to another (the underpaid subordinate)? The better solution is for the underpaid to acquire the skills and experience to advance, and EARN a higher rate of pay!!!

Quote:
I don't want and need to look down on others in order to feel proud of myself. I treat the street sweeper and the cashier at the supermarket with as much respect as I treat a suit, probably even with more respect.
Look, Robin hood, stealing is very disrespectful, no matter who you steal from, or for what good cause you embrace as justification for the theft.
 
Old 08-24-2020, 11:49 AM
bu2
 
24,080 posts, read 14,875,404 times
Reputation: 12924
Quote:
Originally Posted by GuyNTexas View Post
Bravo Comrade, spoken like a true communist! Karl would be proud. “From each according to his ability (employer) to each according to his needs(worker). This is precisely what you are saying, even if you don’t realize it.

While always promising utopia to the common man, the results of communism is stagnation, degradation, and massive death measured in the tens of millions! And there is simply no bloody excuse for being so totally oblivious to that factual history, given its many examples and mirror image failures.

Read a damned book, or take the easy way, and watch a documentary on Stalin’s little utopia, and the unimaginable level of suffering and death caused by his Marxist policies, particularly enlightening in his war against the Russian farmers, and how that all turned out. You might want to review Mao, and his little utopia in China, while you’re at it.
He is always defending China, so he appears to be someone who believes in communism. Maybe he even is in China. Not that there is true communism anywhere anymore. China and Russia are fascist states now. Venezuela is a simple dictatorship. North Korea and Cuba resemble monarchies more than communist states.
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