Or you can just go out of businesslike you would have anyways because you have no clue WTF you are doing.
no heres a simple analogy we have three guys guy a guy b and guy c guy b runs a business but he can't do it alone so he hires guy a guy a has a kid and needs a job so he takes it guy c is the Guv't guy a needs 16,000 to support him self but guy b pays him 15,000 guy c gives guy a the extra 1,000 (and all the rest of the guys like guy a) guy c can't pay for all the guy as so he collects taxes from guy b guy b is a smart guy so instead of paying for a hundred guy as he increases his salary guy a still gets 16,000 just from a differant source guy b pays less in taxes no "new" money because guy c no longer needs to meet guys a demands everyone is happy no devaluationno gov't debt lower taxes and guy a gets his needs met thats all we are talking about - - - Updated - - - see my reply to AFM
sorry i did not see this comment I meant people paying someone working 40 hours just $2/hour like employing illegal immigrants and then paying them too little to even buy food not in cases like walmart. we are not fixing prices but increasing the amount the employer spends so that the government has no need for programs like food stamps or welfare therefore not increasing debt so there is no fluctuation on the dollar because actually money is being take out of the economy and circulated rather than the gov't spending so the prices will stay the same or maybe even lower at a point in time as for the human i believe the burden of proof is on you to show me and not anecdotaley that humans enjoy success
If you increase the price of something you get less of it. You don't need analogies and letter men to understand that. Raise the minimum wage and jobs will be lost. Even the socialist council woman in Seattle knows that.
Of course you are fixing prices - the cost of labor which directly affects the prices that the business owner must charge its customers. If prices go up less product is sold and fewer employees are needed. That's basic micro economics. - - - Updated - - - Did you see the smiley face ?? And not everyone can be in the top 1%
everyone that works forty hours a week should live a fairly decent life, if you want all the latest greatest toys, you need to do more welfare is living with nothing but the bear essentials, societies bottom . .
Except demand will rise at the same tick because more people will have more to spend, supply and demand economics 101. and no Price fixing is an agreement between participants on the same side in a market to buy or sell a product, service, or commodity only at a fixed price, or maintain the market conditions such that the price is maintained at a given level by controlling supply and demand. - - - Updated - - - A review of 64 studies on minimum wage increases found no discernable effect on employment A June 2014 survey found that more than 3 out of 5 small business owners support increasing the minimum wage to $10.10. Small business owners believe that a higher minimum wage would benefit business in important ways: 58% say raising the minimum wage would increase consumer purchasing power. 56% say raising the minimum wage would help the economy. In addition, 53% agree that with a higher minimum wage, businesses would benefit from lower employee turnover, increased productivity and customer satisfaction. http://www.dol.gov/minwage/mythbuster.htm
Fewer people will have more to spend because some people will lose their jobs. But the prices will rise so that fewer items are purchased. Total wealth produced diminshes. Increasing the minimum wage results in job losses. There is no disputing that. Read this: http://books.google.com/books?id=DG...Lester, and Reich argue that allowing&f=false
so my source is the department of labor and your source is one economics professor? While the federal minimum wage was only $3.35 per hour in 1981 and is currently $7.25 per hour in real dollars, when adjusted for inflation, the current federal minimum wage would need to be more than $8 per hour to equal its buying power of the early 1980s and more nearly $11 per hour to equal its buying power of the late 1960s. i believe I have you beat in credibility since the value of minimum wage has actually gone down he is a proponent of earned income tax credit which assists people in his income bracket even more so i have to believe he is slightly biased and no one will lose jobs we have been adjusting the minimum wage for 75 years and there is no set of data that shows employment goes down so you have to prove the untrue and prices won't rise because it's not inflation it's economic stimulation making the employers pay what they are paying anyway through taxes which would subsequently go down
If you are working forty hours and can not support yourself, you need to get some education/training and get a better job than sweeping the parking lot at McDonalds..
^That's a little closer to what I got too. The suspicious oddity category in the OP for me was the $400 "miscellaneous." What exactly is that going to and how necessary is it?
Kids (and adults) never learn the difference between stuff they need and stuff they just want. They are spoiled.
There absolutely is proof that rasing the minimum wage results in the loss of jobs to those least productive that need those jobs the most. The CBO has predicted this effect and the data in the Neumark and Waschler book compiled from multiple studies from multiple sources over the years proves the overall negative employment effect of raising the minimum wage - see page 287. Also, from the WSJ: http://www.wsj.com/articles/SB10001424052702304675504579391201355442502 The CBO's economic model thus shows both winners and losers. Those who keep their jobs make more money but those who lose their jobs are SOL. And very often those who lose their jobs are the least productive and have not only lost wages but also the opportunity to increase their productivity via job experience which adversely affect their future opportunities for employment. IMO it would be a far superior policy to eliminate the minimum wage and increase the employment of these low productivity individuals giving them an opportunity to enjoy the earing power benefits of capitalism instead of the welfare benefits of the welfare state.
First and foremost I don't have a subscription to the WSJ and it is not letting me see the article so i'll take your word for it second I'm not talking about raising it to $10.10 as i stated in my first post just $8.00 to account for inflation so that the relative value will have remained constant since 1981 third raising the minimum wage is a double bladed sword as are most economic reforms fourth can you send me the independent studies i would love to peruse them? fifth the biggest impact any minimum wage reform would have are in large corporations so those unskilled people could find jobs in locally owned small business. in fact small business prefer a wage increase as it increases the competitiveness of the market, this new job growth would stimulate local economies in summary raising the minimum wage to $8 and raising it to $10 is a world of difference
I think if someone works forty hours, regardless of the job you or I would not want to do, they should be able to support themselves if that means you have to pay more then 99 cents for that burger, so be it .
1. Google the CBO analysis of raising the minimum wage. Here is the report - http://www.cbo.gov/sites/default/files/44995-MinimumWage.pdf 2. Raising the minimum wage to any extent from where is is today will result in job losses. Conversely eliminating the minimum wage will result in job creation mostly to those whose limited productivity prevents employers from hiring them at the gov mandated minimum wage levels. 3. See point 2. The double blade hurts those who need a job the most. 4. The Neumark & Wascher book is a compilation of those studies. If you are interested it can be purchase used from Amazon for ~ $13. The publisher is MIT Press which conducts peer review of every title they publish. http://www.amazon.com/Minimum-Wages...&qid=1419834160&sr=1-1&keywords=minimum+wages Here are some other links: http://ftp.iza.org/dp2570.pdf https://www.epionline.org/ http://www.heritage.org/research/te...its-history-and-effects-on-the-economy#_ftn34 5. Small business owners prefer a minimum wage increase because it increases the competitiveness of the market ?? What is the source/reasoning for that ?? The concept of the minimum wage is economically flawed and does more harm than good. - - - Updated - - - Then fewer burgers will be sold and some flippers will lose their jobs.
But some will consume fewer burgers and some will consume the same number but consume less of other discretionary items. And consequently jobs among the least productive workers will be lost. There will be winners (those who retain their minimum wage jobs - aka the "seen") and those who lose their jobs (aka the "unseen").
What people with zero job skills earn is more than cash, it is the training and experience of holding down a job and skills to advance their careers. That skills training and instructing a new hire to show up for work on time, fill out a time card, follow safety rules, etc. are all part of what the new employee earns it costs the employer to train people. Have you ever heard the proverb, "Give a man a fish and he can eat for a day, teach a man to fish and he can feed himself."? Where do you buy $0.99 hamburgers?
Not in Chicago. They want to hike from $8.25 to $13.00. 60% hike. So if your $8 meal goes to $12.80, do you eat there?
Thanks for the links http://asbcouncil.org/sites/default/files/asbc_bfmw_poll_report_final_140709.pdf source for minimum wage support A June 2014 survey found that more than 3 out of 5 small business owners support increasing the minimum wage to $10.10. Small business owners believe that a higher minimum wage would benefit business in important ways: 58% say raising the minimum wage would increase consumer purchasing power. 56% say raising the minimum wage would help the economy. In addition, 53% agree that with a higher minimum wage, businesses would benefit from lower employee turnover, increased productivity and customer satisfaction. - - - Updated - - - That's ridiculous $8.25 is already adjusted for inflation and pretty high $13.00 is just greed for no work
link??? - - - Updated - - - not hardly, there is too many people and not enough jobs, most people have Jobs you claim are not really jobs .99 Hamburger [video=youtube;Bm0XIrbTdV0]https://www.youtube.com/watch?v=Bm0XIrbTdV0[/video] .
I believe everyone should earn a living wage, if we want people to work for less then a living wage, then the tax payers need to assist those working full time for less then a living wage if min wage is not a living wage, it downgrades society .
