archie bunker Loc: Texas

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If a person makes more money, but has to pay more for goods, services, and taxes, what has he gained?

Lonewolf

Prices are not going up that much




quote=archie bunker]If a person makes more money, but has to pay more for goods, services, and taxes, what has he gained?[/quote]

archie bunker Loc: Texas

[/quote]

You sure?

Lonewolf

[Yes



quote=archie bunker]You sure?[/quote]

archie bunker Loc: Texas

[/quote]

Okey Dokey.

Lonewolf

Have a good one


quote=archie bunker]Okey Dokey.[/quote]

Hogback

Because if employees at the bottom of the ladder (minimum wage) get an arbitrary raise based on nothing then the folks on up the ladder will also get a raise. how much are you willing to pay for a hamburger or a bag of groceries or any other service requiring a minimum wage? Remember everybody else in the chain will get more also. If it is a small "mom-pop" shop or business then it will go out of business. Which means jobs lost. Also, aren't these minimum wage employees on some kind of government like child care or food stamps or free medical to subsidize their income? They would no longer qualify which in effect would result in a net income loss. If a person working a minimum wage job was struggling then there would be an incentive to get more job training. When I was a kid these minimum wage jobs were never meant for people to raise a family on. There were just first jobs for high school kids for extra money and to learn work discipline. How much do you think would be fair? $15.00 per hour? How about $25.00 per hour? How about $100.00 per hour? Regardless of the wage, the result would be the same. Somebody is always the lowest paid person in the business and all prices will adjust accordingly.

Lonewolf

Their are many places in this country ware the only jobs are minimum wage.
if a mom and pop pay the same as the big employee wages have no effect on profit but the big guy can probably make more money by being able to get better prices on bigger purchases
But this happens no matter what the wages.
What i found when your in business to get the best help you need to,pay more andb your rewarded by better workers and less turn over.
In Europe a waiter is considered a profession and they are paid well so if you tip some of them get mad.
I would pay 10 bucks for a burger





quote=Hogback]Because if employees at the bottom of the ladder (minimum wage) get an arbitrary raise based on nothing then the folks on up the ladder will also get a raise. how much are you willing to pay for a hamburger or a bag of groceries or any other service requiring a minimum wage? Remember everybody else in the chain will get more also. If it is a small "mom-pop" shop or business then it will go out of business. Which means jobs lost. Also, aren't these minimum wage employees on some kind of government like child care or food stamps or free medical to subsidize their income? They would no longer qualify which in effect would result in a net income loss. If a person working a minimum wage job was struggling then there would be an incentive to get more job training. When I was a kid these minimum wage jobs were never meant for people to raise a family on. There were just first jobs for high school kids for extra money and to learn work discipline. How much do you think would be fair? $15.00 per hour? How about $25.00 per hour? How about $100.00 per hour? Regardless of the wage, the result would be the same. Somebody is always the lowest paid person in the business and all prices will adjust accordingly.[/quote]

Airforceone

Archie you live in a Stone Age that was a reality 40 years ago. Take Wal mart 40% of there employees are on food stamps. Somebody has to do those low paying jobs. Now we educate our society many of these people do not have the type of skills you're relating to. There are not enough young people to fill all these low paying jobs. Just add up all the fast food restaurants, Walmart, Home Depot, Lowes, 7 Elevens and these gas stations with stores add them up these people are all on food stamps and the corporate elite are making Billions all on the backs of these low wage people. Why do we give the corporate elite more and more tax breaks, Tax loopholes, Tax subsidies and the fed also has to subsidize and feed there employees. Now Trump wants even lower tax rates that benefit the wealthy. Use a little GD common sense and stop using talking points from 40 years ago.
Take McDonalds for example how many McDonalds, Wendy's, all these fast food restaurants how many were open 40 years ago. Yes Kis use to work these fast food restaurants 40 years ago there's not enough kids to man all these low paying jobs.

PeterS

So what does history say? How many businesses have been bankrupted by minimum wage increases in the past?

PeterS

It would depend on if your prophecy were to come true. Do you have any real life examples where inflation and taxes increased because of an increase to minimum wage?

Airforceone

None

Airforceone

No but I did the reseach thru multiple CBO reports that an increase in Min wage creates a short term of unemployment but in the long term all those jobs come back plus more jobs.
It also creates a decrease in entitlement cost to the federal government because with two people working for $7 an hour it is still poverty wages but at two people working at 10.10 an hour or as in the case of the states where it has been raised to 12 to 15 dollars per hour they have had major decreases in food stamps and if they are like Massachusetts where 99.8 % have medical insurance it has really decreased cost in Medicaid.
It's a win win for everybody because it also injects more cash in the hands of consumers. It's a basic concept and it has worked.

But you have to reseach state by state as far as economy, entitlements and states with a little higher Min wage the cost savings to tax payers because a positive.

But every CBO reports that short term layoffs but in the long run it becomes a major positive. Republicans always point out half the story they always use the short term stats and not the long term.

It's like anything else you always get the negatives from republicans and never the positives.