no.1IrishFan
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I also wonder about an influx of unskilled, uneducated workers in the area. Just get to Seattle, any job you can find starts at 15/hr.
Who wants to pay $7 for a Big Mac or Whopper?
Do people realize that raising the minimum wage only raises prices? So in reality, you're not going anywhere just printing more money.
So, Boeing is going to move it's Seattle operations in protest to a (graduated) pay increase to its minimum wage workers? Who would those might be? Cafeteria line workers? Janitorial staff? Mail delivery staff? [Do they still exist???] Parking garage attendants?
Gimme a break! The expense incurred in picking up and moving its facilities, lock stock and barrel, would far outweigh the cost of paying the small percentage of their employees at minimum wage a bit more.
Sheesh!
Maybe a Starbucks employee could afford a triple mocha latte grande Amaretto espresso fizz.
This is untrue.
These people are already receiving the money, it just comes from the government. While they might make $8/hr from their employer, they are making (total guess) ~$15/hr once the food stamps and welfare kick in. They are not, at all, "just printing more money."
Furthermore, raising the minimum wage puts more money into the pockets of the poor that doesn't have government strings attached. The poor people do not save money, at all, they spend it all to make ends meet. Translation: it's a minor economic stimulus.
This blows my mind. The Athletic Trainers that I work with who have post-graduate educations, don't make $15 an hour. Raising this minimum wage only decreases the buying power of the middle class. This is an unfortunate consequence of people thinking they are owed something. So if the national minimum wage is increased to $15/hr is my salary at my small business, rural, private practice physical therapy clinic going to double? Yeah flippin' right.
It isn't untrue because not everyone in that income bracket receives aid. So yes, as the floor goes up so does the ceiling. What needs to happen is that the ceiling needs to be lowered and locked in place.
Are you saying there needs to be a limit on how much money someone can earn? And if so, how is that enforced?
Yes, that is what I am saying. One way would be a 100% tax above a certain point, FDR, I believe proposed a 98% tax for everything above $20,000. Another would be that if a company receives any sort of government assistance, the highest paid employee can't make more than X times the lowest paid employee.
Yes, that is what I am saying. One way would be a 100% tax above a certain point, FDR, I believe proposed a 98% tax for everything above $20,000. Another would be that if a company receives any sort of government assistance, the highest paid employee can't make more than X times the lowest paid employee.
Workers of the world, unite! FDR was dealing with a depression and a world war.
I just don't see why anyone would do anything difficult in that situation. Why work hard or innovate for no reward?
Why does it have to be so extreme? Why 98% and 20,000? Why not some level that achieves redistribution while still encouraging work?
As far as governemnt money, the governement can manipulate things so that you are forced to take its money. It's not that simple.
Remember, greed and envy are flip sides of the same coin!!!
A lot of the job losses that you guys are harping about aren't really going to happen. Some jobs will be lost to automation, and some places will have to increase prices, true. But it's not like McDonalds is going to stop moping its floors if wages go up. Hotels aren't going to stop doing housekeeping and laundry.
Prices will go up, but the wages of minimum wage workers are a pretty low percentage of the cost of most businesses. Even in fast food, the cost of construction, overhead, ingredients, HVAC, taxes, etc are a massive portion of the cost of business.
Also, if you can't pay someone a wage that doesn't force the federal government to subsidize the worker through food stamps, Medicaid, etc, than that job probably shouldn't exist.
Those numbers are from FDR's time so that $20k is about $350k today. As far as encouraging work, I don't understand why people would stop working if there was a maximum wage. I would argue that having to work a couple of minimum wage jobs just to make ends meet discourages work more than this would. I wouldn't say there would be no reward, why wouldn't the innovation be reward enough? Innovating solely for the sake of money is a problem imo.
This blows my mind. The Athletic Trainers that I work with who have post-graduate educations, don't make $15 an hour. Raising this minimum wage only decreases the buying power of the middle class. This is an unfortunate consequence of people thinking they are owed something. So if the national minimum wage is increased to $15/hr is my salary at my small business, rural, private practice physical therapy clinic going to double? Yeah flippin' right.
Not sure if you were commending me at the beginning of that or not due to quoting my post, but I'm not saying that it would hurt my clinic, but I'm just saying that raising this minimum wage to the same amount as someone who has their post-graduate degree, it's just frustrating.
Athletic trainers are first responders to your kids on the athletic field and often are responsible for a life save and they will be be paid the same as someone who has to do something as mindless as flip burgers? Or as much as a college kid who works in the library? This is nonsense and if you think that a small business owner is going to raise wages on a comparative scale, you are sorely mistaken.
It's hard enough to get our owner to approve repairs on a piece of fitness equipment because we keep getting reimbursement for treatment cut by insurances, he's certainly not going to be able to raise 20 employees wages to keep up with the raise in minimum wage.
I repped Buster and dshans.
I am glad someone made sense instead of repeating (often incorrectly) the same old platitudes!
One of the problems we have here is English drift. The English economy was the greatest in the world in the early days of the industrial revolution. And with the seafaring component, the English economy was solid for all subjects (unless they were Irish.) Then insurance and commodities, banking and leasing took over. The real output looked like it stayed high. Instead, you had a few large companies profit immensely, and overall jobs and wages stagnated. So the average contribution of the working person to the economy declined.
The same thing is beginning here. For all the bitching I have heard about out of control union wages, those with a level head and their senses about them, regret the loss of income that these workers can no longer inject into the economy.
News flash. Immigrants are no longer coming to this country to work dangerous, or substandard jobs like they did in the past. Show someone who built a fortune in a labor intense industry, and I will show you where labor abuses took place.
Now to today. If you think one company of any size is going to hurt over minimum wage hikes (any) you are silly. Those who say the most recent minimum wage hikes are actually supported by the large companies, are right. There is ancillary proof that if the process is skewed, it can be used by the big guy to keep down competition from the little guy.
If you want to see how a properly instituted minimum wage works look at Austraila, Belgim, Ireland, Netherlands, and even Sweeden. Though Sweeden has no actual minimum wage their voluntary unskilled effective wage minimum actually translates to par with any of these countries, and their skilled wage effective minimum exceeds all others. All of these countries exceed France which has been the gold standard for minimum and guarantee standards at the equivalent of US $22.5 K. Great Brittan deserves the dunce award coming in at roughly $19K US, with two former colonial territories, Australia and Ireland exceeding it, with nary an additional economic trouble, (over Brittan.)
All these countries are doing okay, as is Switzerland (working on minimum guaranteed income, and Germany. Germany does not have a minimum, but its law terms low wages "immoral." So courts generally consider less than 75 per cent of the average wage an illegal payment. Their labor numbers work out favorably on the list.
So show me proof that increasing bottom end wages actually cause any problem and don't cycle more money that can be used immediately back into the economy, except in the case of some idiots who don't know how to set things up, or in the case of some large companies manipulating the system for their own gain.
PS. Buster is 100% right that welfare isn't just welfare for the poor. It gives the worst of the oligopolistic predators unfair labor and wage advantages over their smaller competitors! It is the bull shit that people that act like they are educated on the topic, don't want to talk about.
Your points would be valid if not for reality.