Stop the madness, dems want to raise minimum wage to $10

[JD Barleycorn]

Dispite overwhelming evidence that raising the mandatory minimum wage costs jobs in a completely political move the democrats are proposing to do just that.

http://www.nytimes.com/2012/06/07/bu...ages.html?_r=1

Pandering of the lowest sort. To buy the votes of the poor and unemployed the democrats will further hurt the economy. This is the party that you want to run the country? Proud to be a democrat? This isn't you're grandfathers democratic party anymore. How many small business scalps will satisfy the ambitions of the plantation class?

The dirty secret? Many unions wages are also tied to the minimum wage. A union worker will recieve $20 more per hour than the minimum wage. A pay increase for union workers without a new contract and, must I say it, increased donations for the union to spend on democrats.

[Whirlaway]

This is what Obama's re-election campgain has come to. He can't get re-elected on his record so he needs wedge issues. It won't work. It hasn't worked.

[i'va biggen]

can you guys live on 7.50 a hr?

[CuteOldGuy]

The minimum wage is not meant to be a living wage. If you are trying to support yourself on minimum wage, you are an idiot.

Ok, so let's raise it to $10 per hour. What will happen to the labor force? More teens and minorities will lose their jobs.

But if $10 is good, wouldn't $20 be better? How about $30? If you are insisting on it, why not go all the way?

Ekim, your ignorance is appalling.

[i'va biggen]

why do you think so many will take welfare or unemployment instead of minimum wage? your ignorance is appalling.

[CJ7]

Originally Posted by CuteOldGuy

The minimum wage is not meant to be a living wage. If you are trying to support yourself on minimum wage, you are an idiot.

Ok, so let's raise it to $10 per hour. What will happen to the labor force? More teens and minorities will lose their jobs.

But if $10 is good, wouldn't $20 be better? How about $30? If you are insisting on it, why not go all the way?

Ekim, your ignorance is appalling.

working for min wage isnt supporting yourself?

thats almost as dumb as you and Joe saying we are in a recession ...

[CuteOldGuy]

Originally Posted by ekim008

why do you think so many will take welfare or unemployment instead of minimum wage? your ignorance is appalling.

Idiot. When you increase an employer's labor costs, the employer has two choices. Raise prices, or reduce costs by laying people off. In this economy, raising prices is not the best idea, so you can expect more unskilled laborers to be laid off if the minimum wage is increased.

Who does this hurt? Young minorities mostly, and the young, unskilled and poor in general.

It's basic economics. No wonder you don't understand.

[i'va biggen]

hell do away with it altogether,they will be beating the doors down to work there for free.

[CuteOldGuy]

If you think that would happen, you are as big an idiot as I think you are. Please take your nonsensical drivel somewhere else. Come back when you've learned something.

[TexTushHog]

Originally Posted by CuteOldGuy

The minimum wage is not meant to be a living wage. If you are trying to support yourself on minimum wage, you are an idiot.

Ok, so let's raise it to $10 per hour. What will happen to the labor force? More teens and minorities will lose their jobs.

But if $10 is good, wouldn't $20 be better? How about $30? If you are insisting on it, why not go all the way?

Ekim, your ignorance is appalling.

Then what is it supposed to be? There are many adults who can get no work other than minimum wage. The art of setting the minimum wage is to set it as high as possible given the current elasticity of low skill labor that the net welfare increase more than offsets the small hand full of lost jobs. And recent statistical experience shows that is without exception what has happened when the minimum wage has been raised.

Also consider the plight of mid skill employees in rural areas with high unemployment. I can find file clerks here in my small town all day that will work for $7.50 even if I didn't provide insurance. Given the generous health care benefits I give my employees (fully paid for by the company), many would take the job at half that, especially those single mothers with children. So I pay minimum wage, at least when they start off. But if the wage is raised to $10 or even $15, I still need two file clerks. Hell, I'd have to pay them if the wage was $30/hr. That's true with almost every other minimum wage, or near minimum wage job in town. Somebody has to flip burgers, be a cashier at the dry cleaners, check groceries, work the counter at the bus station, etc. And in my small town, any job that can be eliminated already has been. But now, with a higher wage, all the people in town will have more money to spend. (Remember, I live in a town where the median household wage is under $25,000. That's half the households living on less than $25,000. Also just a tad under 60% of the population has a HS degree or less. Only 9% have college degrees.) Here, many are living on minimum wage and increasing it 33% would be a huge economic boost, even if 10% of the jobs vanished. (And I'll bet not 1 job in 100 would vanish.)

You people who live in urban areas have no idea what the rest of the world is like, especially in poor communities. And we have some substantial oil and gas activity in our county. If you take a similar county with no mineral wealth, these numbers will be worse.

Originally Posted by CuteOldGuy

Idiot. When you increase an employer's labor costs, the employer has two choices. Raise prices, or reduce costs by laying people off. In this economy, raising prices is not the best idea, so you can expect more unskilled laborers to be laid off if the minimum wage is increased.

Who does this hurt? Young minorities mostly, and the young, unskilled and poor in general.

It's basic economics. No wonder you don't understand.

Actually there is a third choice -- reduce his profits. That's what would happen in my case. I'm still going to take as many cases as I have time to handle. And I already charge as much as I can (or as much as the market will bear, to use the language of supply and demand) to maximize revenues. In a contingent fee case, the percentages will remain the same. On those occasions I work by the hour, do you think a corporation will pay me more because two file clerk each make $100 more a week??!!! I'm upping my hourly rate from $600 to $602?

Indeed classic economics suggest that your profits will be lowered by the inverse of the elasticity of demand for your product.

[CJ7]

Originally Posted by CuteOldGuy

Idiot. When you increase an employer's labor costs, the employer has two choices. Raise prices, or reduce costs by laying people off. In this economy, raising prices is not the best idea, so you can expect more unskilled laborers to be laid off if the minimum wage is increased.

Who does this hurt? Young minorities mostly, and the young, unskilled and poor in general.

It's basic economics. No wonder you don't understand.

or the number one reason for being in business to start with ....

grow the business to support increases


economics 101

[CuteOldGuy]

TTH, put your daddy's money where your mouth is. If you can afford $30 per/hour for file clerks, redistribute your wealth and pay it. Until then, STFU about what you think other businesses should do. If you're paying $7.50, and will only pay $10 if the government demands that you do it, you are part of the problem. You're like everyone else, trying to make the most money for the least cost. Just like those "greedy capitalists" you hate. Give me a break.

There is a certain point when it is more profitable to shut down the burger joint than to keep paying higher and higher wages because the government demands it. If Obama hadn't destroyed the economy, wages would naturally be higher. As it stands, another shock to the supply side of labor, artificially increasing labor costs will cause the demand for labor to decrease. That means more people out of work. That is simply a fact.

And I grew up in a rural community, and lived most of my life in rural communities. Don't lecture me on life in a rural community.

And CBJ7, keep being stupid. Econ 101 is not about growing the business so you can increase wages. Dumbass. It's about growing the business to make more money. God, you ignorant fucks are beginning to annoy me.

[CJ7]

Originally Posted by CuteOldGuy

TTH, put your daddy's money where your mouth is. If you can afford $30 per/hour for file clerks, redistribute your wealth and pay it. Until then, STFU about what you think other businesses should do. If you're paying $7.50, and will only pay $10 if the government demands that you do it, you are part of the problem. You're like everyone else, trying to make the most money for the least cost. Just like those "greedy capitalists" you hate. Give me a break.

There is a certain point when it is more profitable to shut down the burger joint than to keep paying higher and higher wages because the government demands it. If Obama hadn't destroyed the economy, wages would naturally be higher. As it stands, another shock to the supply side of labor, artificially increasing labor costs will cause the demand for labor to decrease. That means more people out of work. That is simply a fact.

And I grew up in a rural community, and lived most of my life in rural communities. Don't lecture me on life in a rural community.

And CBJ7, keep being stupid. Econ 101 is not about growing the business so you can increase wages. Dumbass. It's about growing the business to make more money. God, you ignorant fucks are beginning to annoy me.

econ 101 is all about GROWING a business

growth offsets overhead increases whatever they may be .. labor/product/service etc

pay attention or chase speeding tickets ..

[CuteOldGuy]

How do you know if a business is growing? IT'S MAKING MONEY! Jesus!

I TAUGHT Econ 101

[CJ7]

Originally Posted by CuteOldGuy

How do you know if a business is growing? IT'S MAKING MONEY! Jesus!


my how profound ...

I TAUGHT Econ 101

at what pre school ?