It's high-time that we doubled the National Minimum-Wage in America!

Sorry to burst your righteous bubble but there are many ways other than wages to hire and sustain the best employees! Fact is, an increase in wages is quickly forgotten while all the other things a company can provide an employee just keeps on ticking...

 

Sorry but there is more money supply and there are higher prices...I'm in my 70's and all I can remember is higher prices every year...

 

Not entirely?

 

very true 2-3 % but not enough to cause serious problems. It would be better if the Fed had a target of 0%
but that would mean half the years would be mildly deflationary which is probably not a good thing.

 

no idea what your point is. As long as you understand that Republican capitalism is blessed because any increasing profits must be shared with customers in the form of better/cheaper products and with workers in the form of better jobs. Do you understand this fundamental aspect of capitalism?

 

Was never talking about 'serious' problems...just discussing inflation in general...

 

Things don't work this way in reality...

 

of course if true you would not be so afraid to say why they don't work that way!

 

of course capitalism forces the capitalist to produce the best possible products and best possible jobs. If you doubt it for a split second start a business with substandard products and jobs. Can you predict what would happen?

 

I don't like explaining the obvious; you said "because any increasing profits must be shared with customers in the form of better/cheaper products and with workers in the form of better jobs"...and this simply is not true...

 

Let's see...hmmmm...how about $5/bottle wine versus $50/bottle wine? Both are very viable businesses and they DO NOT "produce the best possible products and best possible jobs". All a business does is find it's niche and fulfill the demands...

 

correct and if the going rate for winery work is $20/hr and you pay $15 you will get no workers or the worst workers and then go bankrupt. Now do you understand?

 

exactly, if you produce the worst bottle of $5.00 wine nobody will buy your wine, thus capitalism will render you bankrupt. Surely you understand that now?

 

do you have a feeling its not true or do you have reasons to think its not true? Obviously if you had reasons you would be happy to present them. Liberals don't have reasons, they have feelings. This is why we say liberalism is based in ignorance or emotion. Make sense?

PS obviously if a business does not share its profits with workers and customers a competitor will and thus drive the business out of business. This is capitalism 101.

 

you mean because the 21st century is so much more dangerous than the 18th??? See why we say slow?

 

No that's not how it works , heck.even in my neck of the woods minimum wage is $7.25 and McDonald's is starting g people off at $2 or $3 bucks higher, look at Walmart they don't even pay minimum wage anymore. With manufacturing jobs it is $5 bucks plus higher then minimum wage to start

.

 

to employees customers managers and owners to encourage the flow of even more extra cash obviously!! Do you understand?

 

exactly and they must pay as much or more than competition, and competition is always paying more to get the best workers. Now surely you understand?

 

I stand 100% behind my statement; You just don't get it...business will only pay whatever they must pay in order to hire and sustain the appropriate employees...period!

 

You are changing the goal post we were talking about minimum wage, of course the employers will only pay what they can get away with and what the market will bear.

If you artificiality raise wages through MW companies go under and out of business.

 

so??? all agree???? the issue is what determines what they must pay under Republican capitalism. Ans: the amount of profits. If they don't pay the most possible a competitor will and they will go out of business. This is why workers always get richer. New inventions mean greater productivity, more profits, and higher wages. Do you understand now?

 

Should wages paid employees be based on the labour they're expected to perform, the profits of the business, an employees family size, or what?

 

based on competition, obviously!! read post 271 if you don't understand!!

 

It makes no difference which wage is in discussion...all wages from top to bottom are determined by how much wage is required to hire and sustain the appropriate workforce. NO company can pay 'what they can get away with'?? ALL companies must pay whatever is demanded by the labor market.

I don't personally like any meddling in the private sector and especially with wages. And no matter what anyone can tell us, all the meddling over the decades has never solved a single wage problem...

 

This is so fundamental and has been going on for centuries yet here we are talking about?? A million years ago some guy told another guy that he can build a darned good shelter and in return he wanted 50 lbs. of meat. Another guy overheard the conversation and jumped in to say he can build the same shelter for 40 lbs. of meat. If it's the identical shelter then it's obvious the guy will pay 40 lbs. of meat instead of 50 lbs.

Conversely, if someone wanted a shelter built and was having trouble finding a person to do this, either because people were lazy or not interested or wanted more meat, he would offer 60 lbs. or 70 lbs. or more meat until someone agrees to build the shelter.

So in one scenario a shelter can be built for 40 lbs. of meat while in another scenario for the identical shelter it might cost 80 lbs. of meat.

The guy who paid 40 lbs. of meat was in no way whatsoever taking advantage of anyone's labor! He was paying the market labor rate which is determined by the supply and demand of labor.

Most businesses are barely profitable or not profitable. How much should you earn if you work at Amazon in which they have no profits? What happens to wages when a company has 5% profits one year and the next year <5%> profits...does everyone take a pay cut?