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Thread: CBO Says Minimum-Wage Rise May Ease Poverty, Cost Jobs

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    Re: CBO Says Minimum-Wage Rise May Ease Poverty, Cost Jobs

    Quote Originally Posted by HenryChinaski View Post
    If there isn't a minimum pay then employers will seek labor for as little as they can get it.
    Yes. Why do you consider that a problem?
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    Re: CBO Says Minimum-Wage Rise May Ease Poverty, Cost Jobs

    So I'm going to take a gamble here and just be up front about my lack of understanding when it comes to economics and run this by you all:

    It seems to me that the questions around wage comes down to the ethics of the company making the decision (at least for larger employers) Meaning it does not seem to be a question of whether or not they can stay in business if they pay their employees more or even how that choice will impact the cost of their product(s) it seems to be a question of whether or not they respect their workers enough to compromise on their profits a little in order to provide a living wage to them. It is possible for WalMart to pay their employees more and not pass that cost on to consumers, they would stay in business and the cost of their goods would not be affected if they made the choice to do it because it was the "right" thing to do. We all know that they will not make that choice. Not in a capitalist system that is driven solely by the largest possible profit for the business owner. Point being I guess, it seems to boil down to maximizing personal profit and prioritizing it over serving the larger good or community with just a little compromise on that profit.
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    Re: CBO Says Minimum-Wage Rise May Ease Poverty, Cost Jobs

    Quote Originally Posted by HenryChinaski View Post
    Of course, the right wing "free market" mantra. Abolish minimum wage, let the market take over and people will earn what they're worth! That's just a smokescreen for paying people a dollar a day.
    Seeing how no one would work for a dollar a day companies would find a hard time putting people into jobs. no one would work for a dollar a day.
    so to say that paying people a dollar a day is just hyperbole at best and dishonest at the other end.

    raising base wages means that you need more qualifications to get that job. which means new people entering the job market and or low skilled people get left out in the cold.

    also you have people like me that say my skills take a great more effort and my job is much more demanding i want the same increase in pay. ol yea not going to happen.
    i will be lucky to get a fraction of that increase. yet i still have to deal with the increase in prices.

    way to stick it to the working guy thanks.

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    Re: CBO Says Minimum-Wage Rise May Ease Poverty, Cost Jobs

    Quote Originally Posted by HenryChinaski View Post
    Of course, the right wing "free market" mantra. Abolish minimum wage, let the market take over and people will earn what they're worth! That's just a smokescreen for paying people a dollar a day.
    Such nonsense. If a person would work for a dollar a day, sure. If a person could pay their bills and eat on a dollar a day, okay. A dollar is a completely relative unit of measurement.

    That's simply not how it works. A business wants to be successful, and to do so, it needs talent, and it needs people that will work hard in a variety of roles. You can't get and keep good people unless you pay them. Competition will take your people from you if you don't. It happens all day, every day.

    Your abilities establish what you're worth. The demand for you tells you what to ask for.

    All raising the minimum wage will do is get the less productive, less talented people fired. That, and prices will go up to compensate for the additional cost of business.

    So anyone with a decent job just got a decrease in pay, and will spend less now. So the economy gets smashed in the face again. Way to go.

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    Re: CBO Says Minimum-Wage Rise May Ease Poverty, Cost Jobs

    Quote Originally Posted by opendebate View Post
    So I'm going to take a gamble here and just be up front about my lack of understanding when it comes to economics and run this by you all:

    It seems to me that the questions around wage comes down to the ethics of the company making the decision (at least for larger employers) Meaning it does not seem to be a question of whether or not they can stay in business if they pay their employees more or even how that choice will impact the cost of their product(s) it seems to be a question of whether or not they respect their workers enough to compromise on their profits a little in order to provide a living wage to them. It is possible for WalMart to pay their employees more and not pass that cost on to consumers, they would stay in business and the cost of their goods would not be affected if they made the choice to do it because it was the "right" thing to do. We all know that they will not make that choice. Not in a capitalist system that is driven solely by the largest possible profit for the business owner and no laws directly them to make different choices. Point being I guess, it seems to boil down to maximizing personal profit and prioritizing it over serving the larger good or community with just a little compromise on that profit.
    LOL i love it when liberals break out these types of comments.

    The average wage at walmart is already 9-12 bucks an hour depending on position.

    companies pay according to market analysis of what the position around the country pays. pay scales have become pretty much standardized at this point.

    Companies at walmart also target certain markets. They know the price of what people will pay and not pay in those markets. places like walmart have very low margins, and even more loss when it comes to theft.

    companies have a set profit margin that they must make in order to maintain company function. so you are right they are not going to compromise on that, nor should they.

    raises and increases come when they exceed those projections.

    by all means please start a business overpaying your employee's while having to maintain a certain price point that people will actually pay and see how long you stay in business.

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    Re: CBO Says Minimum-Wage Rise May Ease Poverty, Cost Jobs

    Quote Originally Posted by HenryChinaski View Post
    If there isn't a minimum pay then employers will seek labor for as little as they can get it.

    When you go to the store do you price shop. When you go to buy a car do you pay list?
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    Re: CBO Says Minimum-Wage Rise May Ease Poverty, Cost Jobs

    Dunno if this has been posted yet:

    CBO: ObamaCare Magnifies Minimum Wage Hike Jobs Losses - Investors.com

    But in a footnote, the nonpartisan number cruncher explained that near-term job loss may be higher because its analysis didn't factor in the new ObamaCare costs imposed on employers.

    "At the same time that the proposed increases in the minimum wage would take effect, the Affordable Care Act's requirement that many employers provide health insurance (or pay a penalty if they do not) will impose an additional cost on employers for some low-wage workers who do not currently have employment-based health insurance," the CBO said.

    Over time, the CBO expects that the cost of complying with ObamaCare's employer mandate "will ultimately be borne by (low-wage) workers through lower wages."

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    Re: CBO Says Minimum-Wage Rise May Ease Poverty, Cost Jobs

    Quote Originally Posted by opendebate View Post
    So I'm going to take a gamble here and just be up front about my lack of understanding when it comes to economics and run this by you all:

    It seems to me that the questions around wage comes down to the ethics of the company making the decision (at least for larger employers) Meaning it does not seem to be a question of whether or not they can stay in business if they pay their employees more or even how that choice will impact the cost of their product(s) it seems to be a question of whether or not they respect their workers enough to compromise on their profits a little in order to provide a living wage to them. It is possible for WalMart to pay their employees more and not pass that cost on to consumers, they would stay in business and the cost of their goods would not be affected if they made the choice to do it because it was the "right" thing to do. We all know that they will not make that choice. Not in a capitalist system that is driven solely by the largest possible profit for the business owner. Point being I guess, it seems to boil down to maximizing personal profit and prioritizing it over serving the larger good or community with just a little compromise on that profit.
    Did you ever think these companies are in business to make money? Do you think they have an obligation to the shareholders of the company? You think if a company makes money it owes it to the worker. What BS. I don't know if you have a 401K or an investment fund that may be invested in stocks, if so you want that investment to grow. Investors are invested to make money and it's up to the board of directors and the CEO to make that happen. Meaning buy materials cheap, have a streamline operation, hire people to do the job at a minimal cost, no different than buying raw materials at a minimal cost, etc etc.

    Sense when are businesses to compromise anything, especially their profit line?
    Liberals - Punish the Successful, Reward the Unsuccessful
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    Obama's legacy - President Donald Trump

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    Re: CBO Says Minimum-Wage Rise May Ease Poverty, Cost Jobs

    Quote Originally Posted by ludin View Post
    LOL i love it when liberals break out these types of comments.

    The average wage at walmart is already 9-12 bucks an hour depending on position.

    companies pay according to market analysis of what the position around the country pays. pay scales have become pretty much standardized at this point.

    Companies at walmart also target certain markets. They know the price of what people will pay and not pay in those markets. places like walmart have very low margins, and even more loss when it comes to theft.

    companies have a set profit margin that they must make in order to maintain company function. so you are right they are not going to compromise on that, nor should they.

    raises and increases come when they exceed those projections.

    by all means please start a business overpaying your employee's while having to maintain a certain price point that people will actually pay and see how long you stay in business.
    i started my post my admitting I don't know alot about economics. If you have such a fragile little ego that you need to be an ass despite that, then **** off
    "Judge a man by his questions rather than his answers" - Voltaire
    "There is nothing noble in being superior to your fellow men. True nobility lies in being superior to your former self" -Hemingway

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    Re: CBO Says Minimum-Wage Rise May Ease Poverty, Cost Jobs

    Quote Originally Posted by Born Free View Post
    Did you ever think these companies are in business to make money? Do you think they have an obligation to the shareholders of the company? You think if a company makes money it owes it to the worker. What BS. I don't know if you have a 401K or an investment fund that may be invested in stocks, if so you want that investment to grow. Investors are invested to make money and it's up to the board of directors and the CEO to make that happen. Meaning buy materials cheap, have a streamline operation, hire people to do the job at a minimal cost, no different than buying raw materials at a minimal cost, etc etc.

    Sense when are businesses to compromise anything, especially their profit line?
    please ref post 28
    "Judge a man by his questions rather than his answers" - Voltaire
    "There is nothing noble in being superior to your fellow men. True nobility lies in being superior to your former self" -Hemingway

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