Fast Food Workers Go On Strike For Higher Pay From The Business Men

Raising the Min Wage is the salvation of the country today because it will have the effect of forcing up all wages immediately.
This rush of e money into a slowed down GNP will start to chase goods and services and hence, create job openings.

It is the one time, now, when employers have already cut-to-the-bone, when this raise will NOT mean loss of jobs.
It will also mean that the Fed does not need print more money to pay more government workers which supplements the taxes collected, because the new money will come from Business.
Delayed, but gradually, increase in prices will supply the money paid in higher wages, and have no effect that is negative on the economy at all.

Hard to believe how retarded the growth of the Minimum Wage has been, the aim to bring all wages in line should make the hourly rate double the 1960 wage for each decade that has past.

That 1960 Min Wage was $1.00.
Doubling that in 1970, it ought to have been $2.00.
1980 = $4.00
1990 = $8.00
2000 = $16.00
2010 = $32.00

This sounds very high indeed, but when we see that Welfare starts with a poverty range around @$35,000 dollars, and that a family of 4, earning under @$54,000 qualifies for assistance this wage makes good sense.
We need start the ball rolling in this direction with a rate of $10.00 hour which is slated to rise to $32.00/hr over the next 7 years, or about $3.00/hour per year in monthly increments so as to not shock the price/wage index.


(This could all occur naturally if the women just left the work force, and the unskilled Labor Pool reverted to the size it was before 1960)

 

Taxing anyone will become a non-issue when this new money adds to the Gross National Debt.
The generally higher wages will be taxed and the increased demand that spins the GNP back to the doubling that it has always experienced every ten years will mean the Fed Budget will rise to $8 Trillion dollars, or double the $4Trillion Dollars of 2010, (which doubled the $2 trillion dollars collected in taxes under Bush in 2000).

 

Public sector intervention is called communism, America runs on a free market system. They pay minimum wages as long as the people can survive on those wages with the help of welfare.

 

The success of driving good paying jobs offshore means that these jobs are not just for high school kids and retirees anymore.

You've had a good run at killing off organized labor over the last 30 years. Labor is beginning to strike back.

 

Families couldn't survive if mama stopped earning a pay check, and raising minimum wage does none of that. It doesn't increase "everybody's" wages, if anything it lowers everybody's income since it just increases the cost of living for everybody, including those who do not make MW already and especially those who make just over MW. The only way raising minimum wage will not have an effect on the cost of living is if the 'mostly' overpaid executives took a cut in in salaries/benefits, and that ain't gonna happen, so where is the money going to come from if prices don't increase? Unless you expect employers to pull it out their behinds, it ain't gonna happen.

 

Not exactly.

The Taft Hartly Laws regulated business once Roosevelt saw that three men, so powerful, that they could control the economy.
The Minimum Wage is way of assuring that people who need survive will not be squeezed out of the system of money, and eliminated from the game of economics.

Employers can set prices, but wages have a bottom below which no man can legally drop his price for his time/labor.
That law prevents men from competing on price of their services alone, which otherwise would drop to enough for sheer survival.

 

Not true Joe.


1) So, raising the MW paid to the Mc Donald flipper requires a raise for the assistant manager who had been promoted from Flipping at Min Wage previously.
And, the manager will see by comparison that he is not that much higher paid than others anymore.
He will want a raise, too.

No one will get laid off because Mc Donalds has already cut to the bone because business in bad.

2) If you can accept for the sake of this argument, that everyone gets more money, then it is clear the rising prices can be expected, but these better paid workers will have more money to p]buy what they want anyway.


3) I do expect the money to come from the increase in prices and the increase in purchasing because everyone working if flush.
Though they received a raise, the prices will not go up that mush, because wages are only a fraction of the actual cost of production.
prices will only need go up enough to keep wage margins in line with Gross sales.

 

All the people who can;t earn $35 an hour, and those that can't afford to pay that much will all be out of a job. Collecting welfare. From the ever decreasing working pool. The minimum wage hurts people you know.


Prices will not just rise. If prices were so elastic that they could just raise them and make more money, then that is what they would do all the time. Prices are always set to maximize profit. Minimum wage laws cause unemployment. Consider that before the minimum wage laws African American youth unemployment was always comparable to that of whites, even in the Jim Crowe South. Since the passage of those laws, they have never been comparable. No coincidence. Poor whites have the same issue, just easier to map the bad effects using African Americans because they arrived in this country for all purposes around the time the liberals got really crazy with all these laws, so they make a good case study.

 

I believe we should use existing legal and physical infrastructure to simply correct for the inefficiency of a natural rate of unemployment engendered by capitalism.

 

Hahaha, oh my. It's cute seeing conservatives cry about how paying a living wage will bankrupt them.

Very odd definition of bankrupt right wingers have. Apparently bankrupt now means "not making as much profit as they had before".

Not "less money than their competition, allowing their competition to drive them out". Not "not making enough to keep the business running". Not "can't pay for their children to go to college or their house repayments".

But "not making as much profit as we once were". Which in the face of every other business being required to do the same means nothing for that business.

Right wingers have been crying about how paying their workers a liveable wage would destroy them since they had children losing their arms in Victorian machines and coal mines. (*)(*)(*)(*)(*)ing because people want to be able to have a basic standard of living in response to the work they do that they deserve a living wage for just makes conservatives look stupid.

 

Interesting opinion . Thanks for sharing .

 

Not nearly as cute as a liberal spouting off economic fallacy after another, and celebrating an economy with less profits and less job stability or capital for future improvements.

 

You are right, lets get rid of the minimum wage entirely. Then, everyone would be able to get a job, they will just have to accept the fact that sometimes their labor is not worth much, or that the employers just dont have the money to cover a higher wage.

We have had unemployment lower then 2% in this country many times before the minimum wage, not since though. It really is that simple, sorry I said this was a dumb statement that last 5 times you posted it.

 

Instead, the law makes it illegal for them to get a job that allows them "just to survive", or train at a lo rate to develop job skills. How much is a welding apprentice out of high school that has never played with fire worth to a welder with a busy schedule? Per hour? In a country where the kid would not have to stay on and work for the guy after the training?

 

Sorry but that is naive thinking. It's not just the cost of a Big Mac that goes up, it's the cost of everything that goes up, and when that happens there isn't realistically enough leeway to also give raises to the rest of the laborers. It would be nice if the MW increase provided everybody with a raise, but most employers cannot just pull that money out of thin air. I've seen several increases in the MW, over the years and rarely do the people just above the MW mark also get a raise, even though the costs of everything else is adjusted to compensate for the MW increase. Even the companies that do not have MW employees feel the crunch since their regular materials increase. The worst thing about the increase is companies that are not effected that much use the opportunity to increase prices too, and blame the extra costs on the government and the new MW. The cost of living increases never balance with what the cost of the raise effectively causes. Look at the increase in most materials when the gas prices went so high. Most items remained at the higher rate even though the cost of shipping went down. One reason profit margins have increased for a few selective companies during these hard times. If they can sell the merchandise at a higher rate they will, and they won't pass that profit on to employees or the consumers unless their is a competitive environment that forces costs down.

 

Why not subscribe more to modern times with the theory of demand and supply and an assumption of full employment of resources. We could be solving for a natural rate of unemployment with existing legal and physical infrastructure. Why does the right object to lowering our tax burden while insisting on a work ethic, from the Iron Age?

 

You and your government types have though they can fix the economy since the Iron Age, and every stimulis you try leads to more unemployment. You spent nearly a trillion last time, far fewer jobs now. How many more trillions to get the job done? What is your plan in specifics? No more platitudes please, these are all cop outs that are meaningless I am afraid.

 

Silly libber, wages make up 80%+ of our national economy. Corporate profits are about 1/10 of that. So when we double wages, how do we get to 160%+ of our current economy? Will you invest your money in a business that turns no profit?

 

Merely being moral enough to bear true witness to a federal doctrine regarding employment at will and State at-will employment laws, and being fiscally responsible enough to use existing unemployment infrastructure in every State of the Union and the federal districts.

 

He's only worth the minimum.

That should be enough to give him access into the economy which would sum to paying the bills for him and the start of a family which would raise more responsible citizens for the next generation.
It should not be so low that his wife would need work to pay for subsistence.

 

Yep.
Exactly.

The economic pie also grows as prices must also begin to rise.

What happens that is GOOD and that which solves all our problems, is that Debt does NOT rise, and bigger pay checks can more easily service that Debt.

Mortgages that seemed hard to meet become manageable, and houses appear cheap in the light of bigger pay checks every week.

A second effect in in the Federal taxes collected, because the government collects about 20% of the extra wages paid and the growth in the money circulating.
Paying Soc Sec and Obamacare becomes easier to deal with, because Government will have a Federal Income that has doubled to $8 Trillion annually.

I insist that when all is understood, this will end the depression in America.

 

Profit is added on to figure the price, after wages and all business expenses are counted up as Total Cost.

The only thing that affects Profits is competition.
When the producer calculates how much to add on to the cost of production as profit, he needs only consider what the traffic will bear and what other similar producers will charge.

 

No, Minimum Wage is the only tool government has right now which can be used to create new jobs by increasing the size of the economy.

Obama has been trying to do this same thing by taking Tax money from ne person, who woukd have spent it hiself, and giving it to another person whom the government has just hired, like teachers and policemen, civil servants, etc.
But the same amount of spending still takes place.
Obama has succeeded only is have two people spend the same amount of money.

Raising the Min Wage forces more new money into the economy, coming from that economy, and being sucked back up in higher prices.
But the old Debt of cars, appliances, credit cards, mortgages, etc stays the same.
With the higher wages, those debts are easier to payoff.

People have that extra buying power again.
More buying leads to new employees.

 

How is making it illegal to hire people with job skills less then minimum wage grow the economy? Unemployment always goes up among teens after a minimum wage bump. We also see a recession and/or slower growth. The idea that if businesses paid more they would make more is silly and based on flawed broken window fallacy logic. All you do with raising the minimum wage is keep uneducated low skilled workers out of a job, and kill apprenticeships that required workers to pay for trade school to get a job.

Why not raise it to $100 an hour and then we could all be rich? Lol...have you called Africa and told them you fixed poverty by requiring any employee to eat at least $100 an hour etc...