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Started By
Message
re: $15.00/hr is a disaster for young American workers...
Posted on 1/27/21 at 6:16 am to dswear
Posted on 1/27/21 at 6:16 am to dswear
quote:
If your friend could raise profit margins right now by simply cutting employees by 30% with little to no ill effects then he probably would've already done it
frick you and everyone who thinks like you
1
Posted on 1/27/21 at 6:18 am to TigerMikeAtl
The reason behind the quest for a higher minimum wage has nothing to do with helping people make a living wage and everything to do with the dems thinking this will increase the taxes they can spend.
Minimum wage is zero. Think about the special needs person that is hired to work even though they are not as productive. That job is important to them and they will be fired if employer is forced to pay $15 an hour.
Minimum wage is zero. Think about the special needs person that is hired to work even though they are not as productive. That job is important to them and they will be fired if employer is forced to pay $15 an hour.
This post was edited on 1/27/21 at 6:20 am
Posted on 1/27/21 at 7:02 am to TigerMikeAtl
$15 an hour is a massive income tax increase for the fed, without raising the income tax rates.
Posted on 1/27/21 at 7:19 am to BestBanker
Anyone who has studied economics knows that the very concept of a minimum wage is contrary to the principles of capitalism and should never have been instituted in the first place. Arbitrarily raising it is destructive to the functioning of our economic system.
Posted on 1/27/21 at 7:21 am to redeye
quote:
I'm not going to go looking for studies right now, but I will mention that this argument has been disproven many times. It is demonstrably false.
Disproven by who? Left wing professors talking economics in the faculty lounge? Demonstrably false? How do you know this? Post a link where a doubling of the minimum wage has worked.
Posted on 1/27/21 at 7:25 am to dswear
quote:
I don't necessarily mind people complaining about min wage rising and the random $15 an hour number, but if you're going to complain about it you should also complain about stagnant employee wages for decades while companies hitting record profits meanwhile CEO pay raises to 320 times their average worker.
you are missing two very important facts:
-poor people do not hire other people. if you are not the one whose name the bank knows then you do not deserve the same pay. period.
-IF you become better than your coworkers, you will be paid better than them. or a competitor will hire you away.
Posted on 1/27/21 at 7:25 am to TigerMikeAtl
The retards who vote for $15/hour minimum wage are too stupid to see that they're voting themselves out of jobs.
Posted on 1/27/21 at 8:18 am to Nguyener
Money Board - Nguyener Explains $15 Min. Wage Increase Perfectly
His Words:
I wrote this up the other day:
Raising the minimum wage devalues my labor while artificially overvaluing less skilled labor which in reality leads to inflation, less available jobs, small businesses that can’t compete, etc. increasing the minimum wage does nothing but hurt everyone who currently makes minimum wage
The current minimum wage is 7.25. So here’s an example to help you understand:
I own a local grocery store.
I have 1 parking lot attendant- $8 per hour
3 cashiers - $10 per hour
1 customer service cashier - $12 per hour
1 floor manager- $15 per hour
A total of $65 per hour operating cost.
All of my employees are happy currently, I pay more than minimum wage to everyone, I’m generous with raises for those who stay a few years, and I have competitive pricing to the big stores and carry some local brands.
The government suddenly raised the minimum wage to $15.
Now suddenly I’m required to pay every single employee I have the managers rate. I can’t afford that, so here’s what I have to do just to keep my business a float:
Parking lot attendant: fired
1 cashier: fired
2 cashier: $15 per hour
1: customer service cashier: $15 an hour
1: Floor manager: $20 per hour
While that looks like raises on paper you have to view it in reality:
I fired two employees and the employees I kept actually got a pay decrease relative to minimum wage instead of the great money they were making and that hurts in the long run as the economy inflates to meet the difference.
In your perfect world I would fire no one and this would happen after the increase, considering relative value to minimum wage:
have 1 parking lot attendant- $16 per hour
3 cashiers - $20 per hour
1 customer service cashier - $25per hour
1 floor manager- $32 per hour
Now my operating costs went from $65 per hour to $133 per hour due to government imposed regulations and I’m somehow just supposed to eat a double in my operating costs? Most of not all small businesses are not operating on margins anywhere near that. But the big box stores can float it out.
So I either raise my prices and alienate my customers and eventually close due to the inability to compete with Walmart.
Or I fire 2 employees and effectively give everyone else a pay decrease.
Or I just close my store and find a new job somewhere. Probably as a manger at Walmart.
Or what often happens and is terrible for communities is I fire all of my skilled labor and managers and just do those jobs myself. Now there is no room for raises or growth and I run a business full of minimum wage unskilled labor with no opportunity for improvement.
His Words:
I wrote this up the other day:
Raising the minimum wage devalues my labor while artificially overvaluing less skilled labor which in reality leads to inflation, less available jobs, small businesses that can’t compete, etc. increasing the minimum wage does nothing but hurt everyone who currently makes minimum wage
The current minimum wage is 7.25. So here’s an example to help you understand:
I own a local grocery store.
I have 1 parking lot attendant- $8 per hour
3 cashiers - $10 per hour
1 customer service cashier - $12 per hour
1 floor manager- $15 per hour
A total of $65 per hour operating cost.
All of my employees are happy currently, I pay more than minimum wage to everyone, I’m generous with raises for those who stay a few years, and I have competitive pricing to the big stores and carry some local brands.
The government suddenly raised the minimum wage to $15.
Now suddenly I’m required to pay every single employee I have the managers rate. I can’t afford that, so here’s what I have to do just to keep my business a float:
Parking lot attendant: fired
1 cashier: fired
2 cashier: $15 per hour
1: customer service cashier: $15 an hour
1: Floor manager: $20 per hour
While that looks like raises on paper you have to view it in reality:
I fired two employees and the employees I kept actually got a pay decrease relative to minimum wage instead of the great money they were making and that hurts in the long run as the economy inflates to meet the difference.
In your perfect world I would fire no one and this would happen after the increase, considering relative value to minimum wage:
have 1 parking lot attendant- $16 per hour
3 cashiers - $20 per hour
1 customer service cashier - $25per hour
1 floor manager- $32 per hour
Now my operating costs went from $65 per hour to $133 per hour due to government imposed regulations and I’m somehow just supposed to eat a double in my operating costs? Most of not all small businesses are not operating on margins anywhere near that. But the big box stores can float it out.
So I either raise my prices and alienate my customers and eventually close due to the inability to compete with Walmart.
Or I fire 2 employees and effectively give everyone else a pay decrease.
Or I just close my store and find a new job somewhere. Probably as a manger at Walmart.
Or what often happens and is terrible for communities is I fire all of my skilled labor and managers and just do those jobs myself. Now there is no room for raises or growth and I run a business full of minimum wage unskilled labor with no opportunity for improvement.
This post was edited on 1/27/21 at 8:20 am
Posted on 1/27/21 at 8:21 am to redeye
quote:
I'm not going to go looking for studies right now, but I will mention that this argument has been disproven many times. It is demonstrably false.
"studies" vs "real life experiences"
frick you
Posted on 1/27/21 at 8:21 am to dswear
quote:
I don't necessarily mind people complaining about min wage rising and the random $15 an hour number, but if you're going to complain about it you should also complain about stagnant employee wages for decades while companies hitting record profits meanwhile CEO pay raises to 320 times their average worker.
If you don't like the wage you are paid and it is "stagnant" then you should take your skills to another employer and get more money. The choice is on the worker to get the best return on his skill set he can possibly get.
It is not the government's job to determine what your skills are worth and what I should pay you.
Posted on 1/27/21 at 8:27 am to BestBanker
quote:
$15 an hour is a massive income tax increase for the fed, without raising the income tax rates.
This really doesn't get discussed enough. As a small business owner, not only will a $15 min wage increase my payroll costs, but it will also increase my payroll taxes. Of course, the low information types making minimum wage can't wrap their heads around these concepts.
Posted on 1/27/21 at 8:42 am to Aubie Spr96
There should be a 2 tier minimum wage,say under age 26 minimum wage would be $7.50/hr.Over 26 $15.00/hr.A high school kid working first job in a grocery is not worth $15.00/ hr.
Posted on 1/27/21 at 8:47 am to dswear
quote:
I think it should be according to city/state.
Everything should be by City and State. This is what the framers designed and the Federal government was to provide "minimal" services to the states.
The Federal government was to never have the power over the people.
Posted on 1/27/21 at 8:52 am to TigerMikeAtl
People who advocate for $15 federal minimum wage don't understand basic economics. It's a feel-good measure that hurts the people at the bottom.
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