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Minimum wage only raises the cost of living, it doesn't raise your quality of life. We need to give American companies incentives to come back to the U.S., and to stop taking jobs to other countries. In 91 when Billery closed the Test Site, I saw highly paid scientists working at Mickey D's, or as porters in casinos.
People who think we should take away some peoples' success and give it to unsuccessful people have no clue about how things work. If we depended on those who are content to work only 8 hours a day for minimum wage, nothing would ever get done. Look at how well that kind of thinking turned out for the Russians.
Excellent post! This is the reality of economics. Raise the minimum wage = cost of living will rise accordingly.
"Minimum wage only raises the cost of living, it doesn't raise your quality of life. " Please tell that to someone who makes $7.25 an hour and only makes $15,080 a year...I think they would disagree with you. In many States where the minimum wage has been increased they have seen benefits, lower unemployment and job growth...look at Washington State for an example with the highest State minimum wage in the country. The Puget Sound area; Seattle, Tacoma, Olympia are growing tremendously. Giving people a livable wage doesn't raise the cost of living to the same level, sorry NO studies have shown your comment as fact.
Also wouldn't you like to earn $30,000.......that is about how much Walmart makes per MINUTE.
The Walton Family is collectively worth more than the poorest 30% of Americans combined.
Do you understand why the US middle class has disappeared? In 1960 the three largest employers were high wage unionized companies, General Motors, AT&T and Ford....today the three largest employers are low wage ant-union employers, Walmart, Yum Brands and McDonalds...by the way Walmart has more employees on welfare than any other company in the USA...so YOU are paying for the Waltons employees...congrats!
Stop attacking the poor and middle class and start focusing on the real issue. I have no issue with successful people making good money but when there are CEO's making more in one hour than an employee at the same company does in a year...there is a huge issue. If you don't want to raise the minimum wage because it doesn't help the quality of life for those people how about we have a maximum wage...I mean how much money do you need, at what point does money stop helping your quality of life.
How about do other things...raise the cap on Social Security taxes, simple but would help save Social Security and have the wealthiest US Citizens pay a little more.
This is non-sense.
Social Security Taxes is the biggest ponzi scheme, it should be abandon right now and pay everyone back.
Success should be rewarded, not penalize. Yes, CEOs of S&P 500 or even S&P 1000 makes a lot of money compare to people who working on minimum wage. But what about small business owners who risk their own capitals and times to make a living and as well create job(s) for others. Do you know many owners make less than minimum wage? Most businesses failed within 3 years and how much has loss? And now, for those who are success, you want to penalize them?
If you work in minimum wage and you think you worth more, then take action. No one is stopping you to make more. If you think you worth more and you did nothing, then it is your problem. No one can help you.
If you work in minimum wage and you think you cannot not make more, then you are at the right job.
It doesn't matter how much Walmart makes per minute or second. If you don't think they deserve your money, just don't shop there. Walmart didn't buy congress to make a law that you must shop there or they will take your money anyway. Shoppers shop at Walmart for the obvious reason, they offer values.
I hate unions. Union is just a corporation. They are just like for profit corporations like Walmart, to maximize profits (aka union due). One major different is, Walmart needs to provide a good services to to survive. Union on the other hand will threaten kill you (a walk out) if you don't agree with their terms. The worst type is public Union where profit is never in the equation. (A personal example is 2005 MTA strike. They took down the NYC. They should be throw in jail, every single one of the.)
A lot of unions jobs are over paid anyway. Why is a super market cashier get paid minimum wage but a tollbooth collector make 4 times plus benefits? UNION. How is it fair for us that pay into this? You don't think it is better for us if the tollbooth collector pay minimum wage?
Watch the union bad talking, there, buddy. A lot of people here work union jobs.
Also, do you think it is better to have more people making minimum wage? More people in a consumer based economy who can not afford to consume? Really?
You think they can pop up the minimum wage by a huge percentage, and they're won't be a major blowback? Look for more automation and more offshoring. They'll figure out how to automate fast food. They'll figure out how to offshore or automate more of the retail work. I thumbnailed the numbers at to what would happen in a normal fast food location if they raised the minimum wage to $15/hour. The upshot was that by automating the location, the management could save about $600,000 a year in labor costs. That pays for an awful lot of equipment. Other businesses would be the same.
If they popped it a buck and your every couple of years, that would likely get lost in the sauce, at least for a while. But at some point management would do the math, and see how much they could save by reengineering out the domestic unskilled labor from the process.
Quote:
Originally Posted by LV10101
"Minimum wage only raises the cost of living, it doesn't raise your quality of life. " Please tell that to someone who makes $7.25 an hour and only makes $15,080 a year...I think they would disagree with you. In many States where the minimum wage has been increased they have seen benefits, lower unemployment and job growth...look at Washington State for an example with the highest State minimum wage in the country. The Puget Sound area; Seattle, Tacoma, Olympia are growing tremendously. Giving people a livable wage doesn't raise the cost of living to the same level, sorry NO studies have shown your comment as fact.
Also wouldn't you like to earn $30,000.......that is about how much Walmart makes per MINUTE.
The Walton Family is collectively worth more than the poorest 30% of Americans combined.
Do you understand why the US middle class has disappeared? In 1960 the three largest employers were high wage unionized companies, General Motors, AT&T and Ford....today the three largest employers are low wage ant-union employers, Walmart, Yum Brands and McDonalds...by the way Walmart has more employees on welfare than any other company in the USA...so YOU are paying for the Waltons employees...congrats!
Stop attacking the poor and middle class and start focusing on the real issue. I have no issue with successful people making good money but when there are CEO's making more in one hour than an employee at the same company does in a year...there is a huge issue. If you don't want to raise the minimum wage because it doesn't help the quality of life for those people how about we have a maximum wage...I mean how much money do you need, at what point does money stop helping your quality of life.
How about do other things...raise the cap on Social Security taxes, simple but would help save Social Security and have the wealthiest US Citizens pay a little more.
BBMW...I think you are a little behind the curve when you talk about "they could" automate fast food...have you seen the current automation in your local McDonalds...check it out sometime. They will automate more and more, no matter if pay goes up or not. "Offshoring" again where have you been?
Please tell me more about this major blow-back because numerous studies conducted on a sharp raise of the minimum wage would have no measurable effect on employment. Furthermore a recent study conducted on the increase of Seattle's minimum wage to $15 an hour showed that the average cost of eating out would increase by 7%...so that McDonalds number 1 would cost about $0.50 more...a cost of a $30 meal at an actual restaurant would be $2.10 more. There have been other studies showing companies would be saving money with an increase of the minimum wage, why? They would have less turnover, which results in less hiring costs and less continued training costs. So please tell me more about this "major blow-back" you are talking about???
The Waltons are worth $150 BILLION and we continue to subsidize their employees on welfare, does that make sense to you??? Please stop attacking the poor/middle class and look at what is really causing the problems in this country.
Social Security Taxes is the biggest ponzi scheme, it should be abandon right now and pay everyone back.
Success should be rewarded, not penalize. Yes, CEOs of S&P 500 or even S&P 1000 makes a lot of money compare to people who working on minimum wage. But what about small business owners who risk their own capitals and times to make a living and as well create job(s) for others. Do you know many owners make less than minimum wage? Most businesses failed within 3 years and how much has loss? And now, for those who are success, you want to penalize them?
If you work in minimum wage and you think you worth more, then take action. No one is stopping you to make more. If you think you worth more and you did nothing, then it is your problem. No one can help you.
If you work in minimum wage and you think you cannot not make more, then you are at the right job.
It doesn't matter how much Walmart makes per minute or second. If you don't think they deserve your money, just don't shop there. Walmart didn't buy congress to make a law that you must shop there or they will take your money anyway. Shoppers shop at Walmart for the obvious reason, they offer values.
I hate unions. Union is just a corporation. They are just like for profit corporations like Walmart, to maximize profits (aka union due). One major different is, Walmart needs to provide a good services to to survive. Union on the other hand will threaten kill you (a walk out) if you don't agree with their terms. The worst type is public Union where profit is never in the equation. (A personal example is 2005 MTA strike. They took down the NYC. They should be throw in jail, every single one of the.)
A lot of unions jobs are over paid anyway. Why is a super market cashier get paid minimum wage but a tollbooth collector make 4 times plus benefits? UNION. How is it fair for us that pay into this? You don't think it is better for us if the tollbooth collector pay minimum wage?
"Social Security is the biggest ponzi scheme"...so what is your solution? Please tell me what type of system you would put in place. Maybe corporations giving retirement...oops the majority don't give full retirement anymore...so again what would you do?
So the CEO of Boeing making $11,000 an hour is okay with you? That is not only ridiculous for any ONE person to make that much money but it is sickening. By the way Boeing paid less in federal taxes than what they paid that ONE CEO. You then use the word "penalize", nope it's called paying their fair share.
"Walmart didn't buy congress"...again are you living in today's world? Big corporations own the government, we are far more like a Oligarchy than a Democracy at this point in our history. You are okay with your taxpayer money going to subsidize Walmart's employees who are on welfare because Walmart doesn't provide them enough to survive and fails to give them health benefits...all while the Waltons of Walmart are worth $150 BILLION...please give me a break. Your money doesn't matter if you shop there or not is going to welfare benefits and medical insurance to Walmart's employees.
You hate unions but fail to realize the middle class were in a much better position when more people belonged to unions. One person in the household had to work to support the whole family. Wages were suitable to the time, middle class had actual buying power and many more companies provided retirement benefits.
By the way most "super market cashiers" are unionized (expect places like Walmart) and made a decent wage. Why would it be better for us if the tollbooth collector got paid minimum wage??? How does that help anyone??? Have you looked at the profit the State makes from tolls...maybe they should actually get a pay raise.
Please go on being anti-union, the Koch Brothers want you to be anti-union. You need to realize where the issues are and address them. Blaming poor/middle class workers is not where the blame belongs. People complain about people on welfare but fail to see the big corporation that has a large sum of their employees on welfare. Wake up!
Social Security Taxes is the biggest ponzi scheme, it should be abandon right now and pay everyone back.
Success should be rewarded, not penalize. Yes, CEOs of S&P 500 or even S&P 1000 makes a lot of money compare to people who working on minimum wage. But what about small business owners who risk their own capitals and times to make a living and as well create job(s) for others. Do you know many owners make less than minimum wage? Most businesses failed within 3 years and how much has loss? And now, for those who are success, you want to penalize them?
If you work in minimum wage and you think you worth more, then take action. No one is stopping you to make more. If you think you worth more and you did nothing, then it is your problem. No one can help you.
If you work in minimum wage and you think you cannot not make more, then you are at the right job.
It doesn't matter how much Walmart makes per minute or second. If you don't think they deserve your money, just don't shop there. Walmart didn't buy congress to make a law that you must shop there or they will take your money anyway. Shoppers shop at Walmart for the obvious reason, they offer values.
I hate unions. Union is just a corporation. They are just like for profit corporations like Walmart, to maximize profits (aka union due). One major different is, Walmart needs to provide a good services to to survive. Union on the other hand will threaten kill you (a walk out) if you don't agree with their terms. The worst type is public Union where profit is never in the equation. (A personal example is 2005 MTA strike. They took down the NYC. They should be throw in jail, every single one of the.)
A lot of unions jobs are over paid anyway. Why is a super market cashier get paid minimum wage but a tollbooth collector make 4 times plus benefits? UNION. How is it fair for us that pay into this? You don't think it is better for us if the tollbooth collector pay minimum wage?
I agree, but would add that union members are good people (usually), but they are just naïve enough to allow themselves to be used by union leaders who are nothing but mobsters themselves. They use the poor guy who is paying dues to force companies to pay "insurance" so their business isn't destroyed. Or they call off a strike if they are paid off directly. Teamsters money built this town, but the guy paying dues never got a thing out of it, while the union "leaders" got rich ...until some other mobster kills them. Think all that is over with? They just got smarter is all. If you go on strike you will never make back what you lost by not working, because you'll never get that much of a raise out of it. And you are likely to lose the job all together. No wonder U.S. Companies have all gone to China. In the early part of the 19th Century unions forced companies to consider how bad they were treating workers. The leaders of those early unions were actually Communists, like Mother Jones. Too bad about that, but my dad's job went from showing up at 0-dark 30 and hope the foreman picks you to work that day; then put in 12 hours with a 20 minute break in extremely hot conditions, to six 6 hour shifts per week at union wages (which were never really that much), with time and a half for OT, and plenty of breaks.
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