Conscequences of $15.00/hr Minimum Wage

[Billyd]

I live in an area where $10/hr is considered a good job. Most hourly workers earn around $9/hr. Only government jobs pay more. If you put the issue of a $15/hr minimum wage on the ballot, it would pass with a huge majority. When you are at the bottom, you don't think about the consequences of your vote until your job is gone. Can you be replaced by a robot?

Forbes McDonald's Rolls Out Automated Kiosks


How many jobs have we already lost to self service check out?

 

[Utah]

I live in an area where $10/hr is considered a good job. Most hourly workers earn around $9/hr. Only government jobs pay more. If you put the issue of a $15/hr minimum wage on the ballot, it would pass with a huge majority. When you are at the bottom, you don't think about the consequences of your vote until your job is gone. Can you be replaced by a robot?

Forbes McDonald's Rolls Out Automated Kiosks


How many jobs have we already lost to self service check out?

Company owner decides to allocate $30 an hour towards salary costs. Company owner pays three employees $10 an hour. Increasing the minimum wage to $15 an hour will result in two employees receiving pay increases and the third employee being fired. That's reality.

 

[Tommy379]

Why not make the minimum wage $100/hr?

The problem with minimum wage is it's always going to be minimum wage. If a person over the age of 18 is making minimum wage, they have made a mistake somewhere.

 

[Willie-T]

The next time you are in a fast food place, count the total number of workers.

It will usually be around 8 employees... plus AT LEAST ONE MANAGER. That comes to about $1,200 a day for ONLY payroll.
Then you add product, insurance, operating expenses, upkeep, taxes, and probably a half dozen other things..... and you are up to about $3,500 a day for them just to break even. How many hamburgers does that add up to that they have to sell in just one day to finally reach a point that they can start seeing a profit?

That comes to around 800 sandwiches a day, plus the fries and cokes.

How much do you think a hamburger will cost you if suddenly the payroll goes up an additional $1,000 per day?

I'll tell you how much. Too much. And you (and millions of other Americans) will go to that hamburger place a lot less. And what will that result in? First of all, it will mean firing at least a third of the crew at first. That will result in poorer service.... meaning even more people deciding not to shop there.... resulting in even further cuts in employees.

Pretty soon, they just close their doors for good.

Not really very smart, long term thinking.

 

[jenniferand2]

The next time you are in a fast food place, count the total number of workers.

It will usually be around 8 employees... plus AT LEAST ONE MANAGER. That comes to about $1,200 a day for ONLY payroll.
Then you add product, insurance, operating expenses, upkeep, taxes, and probably a half dozen other things..... and you are up to about $3,500 a day for them just to break even. How many hamburgers does that add up to that they have to sell in just one day to finally reach a point that they can start seeing a profit?

That comes to around 800 sandwiches a day, plus the fries and cokes.

How much do you think a hamburger will cost you if suddenly the payroll goes up an additional $1,000 per day?

I'll tell you how much. Too much. And you (and millions of other Americans) will go to that hamburger place a lot less. And what will that result in? First of all, it will mean firing at least a third of the crew at first. That will result in poorer service.... meaning even more people deciding not to shop there.... resulting in even further cuts in employees.

Pretty soon, they just close their doors for good.

Not really very smart, long term thinking.

haha that has already happened for the most part... NAsty workers who do not care expensive so called value meals at like 7 or 8 bucks a piece now... and very little employees in the place to work ..... so yes if it is a higher min wage rest like burger king or mcdonalds will be ghost towns..

 

[renewed_hope]

They just need to leave the minimum pay rate alone. Groceries, utilities and other bills are high enough already. By increasing it doesn't solve anything because when it increases everything else goes up and becomes a nuisance for the rest of us that don't make minimum wage and business owners

 

[BraveLittleToaster]

They just need to leave the minimum pay rate alone. Groceries, utilities and other bills are high enough already. By increasing it doesn't solve anything because when it increases everything else goes up and becomes a nuisance for the rest of us that don't make minimum wage and business owners

The minimum wage does not, in fact, correlate with significant inflation. You can certainly debate whether or not raising the minimum wage results in job losses, but the economy is generally adjusted for individuals that earn far more than a paltry $7.25 per hour. Bear in mind that only a very, very small portion of the US population actually works at the minimum wage.

No credible economist would argue that inflation increases significantly by raising the minimum wage.

 

[Utah]

The minimum wage does not, in fact, correlate with significant inflation. You can certainly debate whether or not raising the minimum wage results in job losses, but the economy is generally adjusted for individuals that earn far more than a paltry $7.25 per hour. Bear in mind that only a very, very small portion of the US population actually works at the minimum wage.

No credible economist would argue that inflation increases significantly by raising the minimum wage.

Here's a multiple choice question for you:

Minimum wage is increased to $15 an hour causing a huge slash in company profits throughout the entire market enterprise. Which of the following will transpire?
A: Companies eat their losses with no follow up measures.
B: A percentage of employees are fired, adjusting to losses.
C: Companies raise prices, adjusting to losses.
D: Both B and C.

 

[jenniferand2]

Here's a multiple choice question for you:

Minimum wage is increased to $15 an hour causing a huge slash in company profits throughout the entire market enterprise. Which of the following will transpire?
A: Companies eat their losses with no follow up measures.
B: A percentage of employees are fired, adjusting to losses.
C: Companies raise prices, adjusting to losses.
D: Both B and C.

yep i am going with D because i ahve seen it happen already....

 

[jenniferand2]

Small businesses like home healt care businesses will be hit the hardest as some of these companies do not and can not take health insurance for certain types of services like basic cleaning and what we can non touch care meaning we do not have to touch the client in anyway to care for them like bathing them etc.... these companys are paid out of pocket by the clients and these companies can not charge much more for services because peopel can not afford them... so anyone who is a personal care aide will loose jobs like crazy and these types of small businness will buckle from loosing clients please forgive my typos I can not see worth a rats butt lol

 

[Utah]

We need Willie's, Beer Economics.

 

[maxwel]

The minimum wage does not, in fact, correlate with significant inflation. You can certainly debate whether or not raising the minimum wage results in job losses, but the economy is generally adjusted for individuals that earn far more than a paltry $7.25 per hour. Bear in mind that only a very, very small portion of the US population actually works at the minimum wage.

No credible economist would argue that inflation increases significantly by raising the minimum wage.

1. You say a "very very small portion" of people even work for minimum wage, and yet you somehow find it an absolute necessity to inject your opposing opinions into such an admittedly unimportant topic.

How odd.
How odd and contrarian.


2. You say there is no significant inflation caused by raising the minimum wage, which makes this whole thread a NON-ISSUE... and yet here you are irresistibly drawn to debating the people here over a non-issue.

Again, how very odd.


3. According to you, there is no inflation attributed to minimum wage, and very few people even work at minium wage... so... WHY ARE YOU HERE DEBATING SUCH AN UNIMPORTANT TOPIC THAT AFFECTS SO FEW PEOPLE?

Just bored?

Just like to argue.

Just want to create conflict on a Christian forum?

Just have an agenda that you are too deceptive to openly admit?


4. In your efforts to rigorously oppose a topic which you ADMIT effects VERY FEW PEOPLE ANYWAY... you actually stoop to the intellectually dishonest hyperbole of saying "no credible economist".

That is complete hyperbole, and it is intellectually dishonest, and you know it.

You threw that out with ZERO FACTS, ZERO EVIDENCE, and ZERO SUPPORT of any kind.

Furthermore, you know perfectly well it is LOGICALLY IMPOSSIBLE to even ATTAIN a list of "all economists" from which to make this fictitious list of "all credible economists".

Furthermore, WHO exactly gets to determine WHICH economists in the world are credible?
You?
Are YOU the final arbiter of which economist are credible?

Or maybe isn't YOU that's the final arbiter of the word "credible"... maybe it's a political organization you belong to?

Maybe?

Hmmm?

You entire argument is a SHALLOW and OBVIOUS attempt to simply INTIMIDATE people by running over them with FICTITIOUS and OVERBLOWN data... data which defies all logical possibility of even existing.

This is not something honest people do.


5. You claim to be only 20, and yet you seem to have opinions, facts, and data on everything from the research methods of the Washington Post, to the economic opinions of ALL CREDIBLE ECONOMISTS.

I won't even mention the fact that you seem so well trained in presenting fictitious and overblown data with the obvious intent of intimidating people. A level of intentional deception and rarely attained by a 20 year old.

You aren't the first activist to come here lying about data, lying about their age, and lying about their intentions.

We get this all the time.

 

[PennEd]

Uh.. Maxwell, if I need an attorney can I have your number? You very competently shredded this person who I believe is the same person that was here a while back with her insufferable smugness. I can't remember her name. All intellect and no wisdom makes blt sound icy and shrill.
.

 

[BraveLittleToaster]

We get this all the time.

Er, "intentional deception"? You're reading into my post far too much. I'm merely pointing out, to another forum user, that it's a myth to suggest that significant price rises will follow rises in the minimum wage, since prices are tailored to much higher-income individuals. As a cashier for a grocery store, I work near the minimum wage. My opinion stems from a small investigation I did when a co-worker mentioned that minimum wage hikes equate to inflation. I can't speak for extremely large increases in minimum wages, such as $15 per hour, but more modest increases that tend to enjoy more political support would have virtually no impact on inflation.

It's true that I didn't provide support for my assertion that most economists discount the idea that minimum wage hikes = price inflation, but I didn't feel that any was necessary. You just have to think about it -- if around 1 million workers earn minimum wage while 299 million earn an average of at least several times that, raising prices dramatically to offset labor costs would be a catastrophe for sales. Put simply, companies have to eat some of their profit if they employ minimum wage labor and a wage hike occurs -- or find less labor-intensive solutions, like self-serve kiosks. In fact, you can even try googling the question "does raising the minimum wage increase inflation?" You'll be met with sources like these:

The Minimum Wage and Inflation | Dollars & Sense

Does Raising The Minimum Wage Increase Inflation? - Video | Investopedia

Minimum wage: Updated research roundup on the effects of increasing pay - Journalist's Resource Journalist's Resource

According to the last source, even an extremely high wage hike would only increase prices by around 4 - 5%.

Also, talk about hyperbole. You're impossible to take seriously with your large text fonts and assorted font colors, and you're claiming that I'm "trying to intimidate"?

And stop capitalizing so much of your posts. Seriously -- caps lock isn't cruise control for cool.

 

[renewed_hope]

Uh.. Maxwell, if I need an attorney can I have your number? You very competently shredded this person who I believe is the same person that was here a while back with her insufferable smugness. I can't remember her name. All intellect and no wisdom makes blt sound icy and shrill.
.

Yeah....he definitely deserves a rep for that statement and not for holding back punches. I wish I could give him one lol

 

[BraveLittleToaster]

Uh.. Maxwell, if I need an attorney can I have your number? You very competently shredded this person who I believe is the same person that was here a while back with her insufferable smugness. I can't remember her name. All intellect and no wisdom makes blt sound icy and shrill.
.

Since lawyers tend to stick to the topic being addressed, you'll probably want to re-think your choice of attorney. Speculative attacks on personal character and screaming "conspiracy!" at the top of your lungs would get you fired pretty fast as a lawyer.

 

[Susanna]

I don't like lawyers. They're always trying to mess up things lol.

 

[Tommy379]

I don't like lawyers. They're always trying to mess up things lol.

I like lawyers, they do yeomans work. Even satan needs someone to speak up for him.

 

[RickyZ]

Let's review a very basic tenant of the economy:

Rich people don't create jobs, consumers do.

Consumers require pocket money, else they have nothing to spend. If people don't spend there is less demand for products. Rich people do not create jobs to provide products no one is buying.

In the case of the hamburger flipper, more money in his pocket means he buys more hamburgers. The difference in pay is made up thru a greater volume of sales.

Too, poor people rely on government handouts - food stamps, housing vouchers, healthcare that you and I end up paying for... this is why the Walton family, of Walmart and Sam's Club fame, is one of the nation's biggest welfare recipients. Because you and I thru our taxes subsidize their employees.

And let's not forget good old greed. These same companies who claim they can't afford a raise in wages have parked trillions of dollars offshore, where they benefit no one except corporate executives.

Let's take a look at some corporate executives who rail against a living wage:



"We can't afford to pay a living wage" is a smokescreen. Bought into by the very people who subsidize those who do not make a living wage.

We have met the enemy, and he is us!

 

[Tommy379]

If you don't like how much your employer is paying you, go get another job.