Republicans will lose the house in 2014!
It would be interesting to hear an explanation for this, other than wishful thinking.
Minimum wage @ 22 bucks an hr = 30-40% unemployment.
Easily.
There would be zero incentive to franchise a McDonalds or equivalent venture. Production would become insanely expensive, and would just lead to increasing prices, thus perpetuating a never ending feedback loop.
How do you guys not see that?
Minimum wage @ 22 bucks an hr = 30-40% unemployment.
Easily.
There would be zero incentive to franchise a McDonalds or equivalent venture. Production would become insanely expensive, and would just lead to increasing prices, thus perpetuating a never ending feedback loop.
How do you guys not see that?
A 2.5X increase in the price of labor is ridiculous.
Imagine the federal government paying out 250% more for their labor, where does the money come from? Should we cut the federal workforce in half to facilitate higher wages?
Someone making above minimum wage now would see their buying power reduced, so that would necessitate raises for their mid-level to higher level employees.
In the private sector, Let me tell you from experience. Companies like Halliburton, Chevron and BP will pay their rig workers $16-$20/hr. Imagine you raise the $16/hr workers to $22 (close to a 30%raise), do you now pay your $20/hr workers $26/hr? On rig jobs like that you work 2wks on, 1week off, and during that 2 weeks you get 100-120 hrs. Do you see any way, that this would be feasible under any circumstances without dramatically passing the price to the consumer (effectively negating any gains made by increasing the minimum wage)?
I understand that you think because the indexes in consumable goods goes up that it is only "fair" that wages go up. That is just not the way the world works my man.
doubling the minimum wage would send us into an inflationary quagmire that we would never recover from. That is just economic reality.
A 2.5X increase in the price of labor is ridiculous.
Imagine the federal government paying out 250% more for their labor, where does the money come from? Should we cut the federal workforce in half to facilitate higher wages?
Someone making above minimum wage now would see their buying power reduced, so that would necessitate raises for their mid-level to higher level employees.
In the private sector, Let me tell you from experience. Companies like Halliburton, Chevron and BP will pay their rig workers $16-$20/hr. Imagine you raise the $16/hr workers to $22 (close to a 30%raise), do you now pay your $20/hr workers $26/hr? On rig jobs like that you work 2wks on, 1week off, and during that 2 weeks you get 100-120 hrs. Do you see any way, that this would be feasible under any circumstances without dramatically passing the price to the consumer (effectively negating any gains made by increasing the minimum wage)?
I understand that you think because the indexes in consumable goods goes up that it is only "fair" that wages go up. That is just not the way the world works my man.
doubling the minimum wage would send us into an inflationary quagmire that we would never recover from. That is just economic reality.
A 2.5X increase in the price of labor is ridiculous.
Imagine the federal government paying out 250% more for their labor, where does the money come from? Should we cut the federal workforce in half to facilitate higher wages?
Someone making above minimum wage now would see their buying power reduced, so that would necessitate raises for their mid-level to higher level employees.
In the private sector, Let me tell you from experience. Companies like Halliburton, Chevron and BP will pay their rig workers $16-$20/hr. Imagine you raise the $16/hr workers to $22 (close to a 30%raise), do you now pay your $20/hr workers $26/hr? On rig jobs like that you work 2wks on, 1week off, and during that 2 weeks you get 100-120 hrs. Do you see any way, that this would be feasible under any circumstances without dramatically passing the price to the consumer (effectively negating any gains made by increasing the minimum wage)?
I understand that you think because the indexes in consumable goods goes up that it is only "fair" that wages go up. That is just not the way the world works my man.
doubling the minimum wage would send us into an inflationary quagmire that we would never recover from. That is just economic reality.
A 2.5X increase in the price of labor is ridiculous.
Imagine the federal government paying out 250% more for their labor, where does the money come from? Should we cut the federal workforce in half to facilitate higher wages?
Someone making above minimum wage now would see their buying power reduced, so that would necessitate raises for their mid-level to higher level employees.
In the private sector, Let me tell you from experience. Companies like Halliburton, Chevron and BP will pay their rig workers $16-$20/hr. Imagine you raise the $16/hr workers to $22 (close to a 30%raise), do you now pay your $20/hr workers $26/hr? On rig jobs like that you work 2wks on, 1week off, and during that 2 weeks you get 100-120 hrs. Do you see any way, that this would be feasible under any circumstances without dramatically passing the price to the consumer (effectively negating any gains made by increasing the minimum wage)?
I understand that you think because the indexes in consumable goods goes up that it is only "fair" that wages go up. That is just not the way the world works my man.
doubling the minimum wage would send us into an inflationary quagmire that we would never recover from. That is just economic reality.
Take a look at this
https://www.dol.gov/whd/minwage/chart.htm
In 1975 minimum wage was 2.10
either way, if we must have a minimum wage as a society, it should not be set prohibitively high. That would kill investment, kill small business, drive inflation, increase the price of goods and services, and lead to 30-40% unemployment.
If I had to set a number I would put it right around 9.25-10, but it is ridiculous to continually fix the prices of labor when the market will allow lower prices.
People should have realistic expectations when working in fast food or non-skilled jobs. Nobody on Earth actually thinks that working at taco bell is getting on the fast track to financial stability, and rightfully so. It is a job, not a career. If it can be done by a stoned teenager now, it is almost certain that it will be done by robots in the near future anyway.
Take a look at this
https://www.dol.gov/whd/minwage/chart.htm
In 1975 minimum wage was 2.10
either way, if we must have a minimum wage as a society, it should not be set prohibitively high. That would kill investment, kill small business, drive inflation, increase the price of goods and services, and lead to 30-40% unemployment.
If I had to set a number I would put it right around 9.25-10, but it is ridiculous to continually fix the prices of labor when the market will allow lower prices.
People should have realistic expectations when working in fast food or non-skilled jobs. Nobody on Earth actually thinks that working at taco bell is getting on the fast track to financial stability, and rightfully so. It is a job, not a career. If it can be done by a stoned teenager now, it is almost certain that it will be done by robots in the near future anyway.
And we can forget the idea that Burger flippers are going to get in on the same type of deal that wallstreet, and all of those protected and crony firms get. They do not have enough juice to pull bailouts, and facilitate money printing for their endeavors.
I would much rather we give 60-80 billion dollars a month to burger flippers, but that money is being funneled into those companies, to make the arbitrary number of the Dow go higher. Anyone who thinks that number means anything should have their head examined.
Fact is there is a class of barely literate uneducated people that have been pushed to the fringes. It is truly sad, I wish that there was a simple answer for them, but there isn't. Just raising MW, turns a bad situation into a worse one.
Could you imagine the unemployment if you could work In a gas station ringing up gatorades for 22/hr?
And we can forget the idea that Burger flippers are going to get in on the same type of deal that wallstreet, and all of those protected and crony firms get. They do not have enough juice to pull bailouts, and facilitate money printing for their endeavors.
I would much rather we give 60-80 billion dollars a month to burger flippers, but that money is being funneled into those companies, to make the arbitrary number of the Dow go higher. Anyone who thinks that number means anything should have their head examined.
Fact is there is a class of barely literate uneducated people that have been pushed to the fringes. It is truly sad, I wish that there was a simple answer for them, but there isn't. Just raising MW, turns a bad situation into a worse one.
Could you imagine the unemployment if you could work In a gas station ringing up gatorades for 22/hr?
I wonder if wages would have kept better pace, if the government didn't facilitate, a basement price of labor?
A minimum wage is a gift to corporations.
I wonder if wages would have kept better pace, if the government didn't facilitate, a basement price of labor?
A minimum wage is a gift to corporations.
I wonder if wages would have kept better pace, if the government didn't facilitate, a basement price of labor?
A minimum wage is a gift to corporations.
I wonder if wages would have kept better pace, if the government didn't facilitate, a basement price of labor?
A minimum wage is a gift to corporations.
I wonder if wages would have kept better pace, if the government didn't facilitate, a basement price of labor?
A minimum wage is a gift to corporations.
I wonder if wages would have kept better pace, if the government didn't facilitate, a basement price of labor?
A minimum wage is a gift to corporations.
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