"The point of a minimum wage, is to have a baseline of a barely livable wage." which is currently is not.
"If an employee costs are greater then a machine over a period of time that the machine is expected to last, then the company will go with the machine." there are more factors then that. Like is there a machine that does it? is it an outsourceable job? and so on.
BTW, machine will eventually be able to do everyone's job; but that's a a different issue.
a single person living the cheapest place in the US to live and you are correct. Barely.Good luck making 15 an hour there, btw, And since price seldom go down it won't be better in 6 years.
2598 a month, 31,176 that's 2300 after fed taxes less after state, if any.
The lowest cost of living is tusla, OK. Average home price 134K. assume good credit, thats 850-1000 a month depending on PMI. so now we are down to 1500 average car paymen it 200. so now it's 1300 assuming family of 4, a thrifty(sustainance) food budget is 146 a week. so no you are down to 600. The gas, utility clothes, school programs entertainment, etc..
So, if you live in the cheapest place in the US to live, and make 15 an hour, you still slowly spiral down.
B) Every group changes the definition when they are loosing. If fact in the last 16 years, the pubs have been notorious of it.
The rest of your original post is factual nonsense. So you might want to look at some actual data and facts. For those of us who have researched it you look like an dumb shit.
All evidence point to the in wage working. It works best during the times it was a living wage; which is what it was suppose to be.
There are volumes of data. Why are you saying it didn't work?
no, the great depression was not the governments fault. That is pure nonsense. You do realize it was a global event, right? A fact Eichengreen, Friedman and Barry seem to forget when it's convenient. Although they also think the monetary policy made it worse, but was not the cause.
I am happy to pay an extra buck a burger knowing the people behind the counter make a living wage. Of course, the store owner is raising the price of a big mac far above what the pricing increase warrants.
SO this is a case where the job market being good drives up the price more then the increase in labor costs.
This is why right now is the best time to raise min wag. The price impact will be past to the customer, but no extra to increase profits.
Frankly, double min wage, and get rid of tipping would be my preferred change.
Depends on what the manager makes. If they are make 100K, then yes why not? what is this illusion that high paid workers need an equal percentage increase?
" I expect dramatic price increases on food and shelter. " based on.. what? certainly not he history of min. wage increases. Was it "your ass"? did you pull that out of "your ass"? I'm going to go with "your ass"/
"Minimum wage is not supposed yo be a living wage." Stop with that nonsense. It's not true. "No business which depends for existence on paying less than living wages to its workers has any right to continue in this country." FDR
in 1964, the min wage was 1:15. You could actually live off that with a one income family. Min wage has not kept up with the real cost of basic needs. like housing, transportation, entertainment, food, cloths.
That said: Fuck what wall street says. Anything the the believe, factual or not, that might means a few cents less on the bottom line for a quarter is 'bad'. Bottom line: by all measures Costco benefited from treating their employees like human beings.
Costco implement a decent wage structure and made more money, and has happy and competent employees. Wal-Mart doesn't raise there wage becasue they are greedy. The greed permeates through the management structures and how cheap it makes everything.
There action are contrary to what they claim.
Wal-Mart said last week that it would halt plans to open stores in D.C. because of a minimum-wage hike that would mandate a minimum hourly pay of $12.50.
Slashdot Mirror
Too bad in any real practical example you fail.
Once again. false. You are spew bullshit spoon fed ot you by pubs and business.
"No business which depends for existence on paying less than living wages to its workers has any right to continue in this country." FDR 1933.
"The point of a minimum wage, is to have a baseline of a barely livable wage."
which is currently is not.
"If an employee costs are greater then a machine over a period of time that the machine is expected to last, then the company will go with the machine."
there are more factors then that. Like is there a machine that does it? is it an outsourceable job? and so on.
BTW, machine will eventually be able to do everyone's job; but that's a a different issue.
a single person living the cheapest place in the US to live and you are correct. Barely.Good luck making 15 an hour there, btw,
And since price seldom go down it won't be better in 6 years.
where is 'here'? would that be your imagination?
2598 a month, 31,176
that's 2300 after fed taxes less after state, if any.
The lowest cost of living is tusla, OK.
Average home price 134K. assume good credit, thats 850-1000 a month depending on PMI.
so now we are down to 1500
average car paymen it 200. so now it's 1300
assuming family of 4, a thrifty(sustainance) food budget is 146 a week.
so no you are down to 600.
The gas, utility clothes, school programs entertainment, etc..
So, if you live in the cheapest place in the US to live, and make 15 an hour, you still slowly spiral down.
A) He used wage correctly.
B) Every group changes the definition when they are loosing. If fact in the last 16 years, the pubs have been notorious of it.
The rest of your original post is factual nonsense. So you might want to look at some actual data and facts. For those of us who have researched it you look like an dumb shit.
min. wage is supposed to be a living wage.
Stop spewing that pundit bullshit.
"No business which depends for existence on paying less than living wages to its workers has any right to continue in this country." - FDR 1933
All evidence point to the in wage working. It works best during the times it was a living wage; which is what it was suppose to be.
There are volumes of data. Why are you saying it didn't work?
no, the great depression was not the governments fault. That is pure nonsense. You do realize it was a global event, right?
A fact Eichengreen, Friedman and Barry seem to forget when it's convenient. Although they also think the monetary policy made it worse, but was not the cause.
I am happy to pay an extra buck a burger knowing the people behind the counter make a living wage.
Of course, the store owner is raising the price of a big mac far above what the pricing increase warrants.
SO this is a case where the job market being good drives up the price more then the increase in labor costs.
This is why right now is the best time to raise min wag. The price impact will be past to the customer, but no extra to increase profits.
Frankly, double min wage, and get rid of tipping would be my preferred change.
Depends on what the manager makes.
If they are make 100K, then yes why not? what is this illusion that high paid workers need an equal percentage increase?
sadly, all of history and experts show that you are wrong.
" I expect dramatic price increases on food and shelter. "
based on.. what? certainly not he history of min. wage increases.
Was it "your ass"? did you pull that out of "your ass"? I'm going to go with "your ass"/
high income workers don't have maids? get their car cleaned?
But yeah, lets go with yor plan, not have a min wage. In fact, the employees could work in exchange for room and board.
"expecting that the increase in price won't be passed on to everyone else."
who is expecting that? hmm?
No one.
It does not push up the cost of living past the increase; which is the point.
executive do not need an excuse and already run a company with the min. employees needed to do a task.
Why people like you can't actually look at history and the actual impacts of raising the min. wage is baffling.
Other then it might mean you need to adjust your narrative. Heaven for fend you find out you are factually wrong.
"Minimum wage is not supposed yo be a living wage."
Stop with that nonsense.
It's not true.
"No business which depends for existence on paying less than living wages to its workers has any right to continue in this country." FDR
in 1964, the min wage was 1:15. You could actually live off that with a one income family.
Min wage has not kept up with the real cost of basic needs. like housing, transportation, entertainment, food, cloths.
1964 Avg. Rent 115; avg gas 30 cents; avg bread 21 cents;
You think there is no training? You need to find a better call girl.
Remember the rule. They are called call girls. Unless they are dead, then they are called Hooker.
https://www.youtube.com/watch?...
" A 5% increase in the minimum wage could easily be 20% increase in costs."
so you are saying 400% of there business costs are wages?
Where d you even get that nonsense.
a 100% increase in min. wage would raise costs of mom and pop service places be no more then 30%.
a 5% increase would barely e a blip. And that's for time places. Large chains would be a lot less of an impact.
Highly unlikely. The VAST majority of US agency and employees do not like and won't except bribes.
The US is so clean in the regard, it baffles many other countries.
I like how you don't actually know any facts, but make wild speculations as if it's actual knowledge. It's cute.
You mean 'a guy'. Not 'Wall Street'.
That said: Fuck what wall street says. Anything the the believe, factual or not, that might means a few cents less on the bottom line for a quarter is 'bad'. Bottom line: by all measures Costco benefited from treating their employees like human beings.
http://books.google.com/books?...
Link to the corrected story? my google fu seems off.
Costco implement a decent wage structure and made more money, and has happy and competent employees.
Wal-Mart doesn't raise there wage becasue they are greedy. The greed permeates through the management structures and how cheap it makes everything.
There action are contrary to what they claim.
Wal-Mart said last week that it would halt plans to open stores in D.C. because of a minimum-wage hike that would mandate a minimum hourly pay of $12.50.
Read more: http://www.businessinsider.com...
.
USeless post unless you ad a data when your parents where raising 6 kids.
Company's already run the min/ people they need to accomplish a task.
'The min wage raise' kills jobs never pans out. It creates jobs because people are not going to travels 20 miles to save 5%.
Real programers engineer software and tae care of that themselves.
YOU people are so sloppy wouldn't no engineering if it bit you in the ass in accordance to RFC 455.8173