Page 3 of 13 FirstFirst 12345 ... LastLast
Results 21 to 30 of 129

Thread: Dems seek to rally base over GOP's block of minimum wage bill

  1. #21
    Student Sean.McDonnell's Avatar
    Join Date
    Apr 2014
    Location
    The "Show me your papers" state
    Last Seen
    05-09-14 @ 01:46 AM
    Gender
    Lean
    Progressive
    Posts
    236

    Re: How $10.10 an hour could get votes in November

    I don't understand why the minimum wage shouldn't rise. Prices have.
    Consider that in the early 60s the minimum wage was set at 1 dollar, which had the purchasing power of 15 of today's dollars. So people are actually making less money now than 50 years ago.
    The Real Minimum Wage Falls Every Year
    One of the penalties for refusing to participate in politics is that you end up being governed by your inferiors.- Plato

  2. #22
    Banned
    Join Date
    Oct 2013
    Location
    (none)
    Last Seen
    04-04-15 @ 09:11 PM
    Lean
    Communist
    Posts
    6,112
    Blog Entries
    1

    Re: How $10.10 an hour could get votes in November

    Quote Originally Posted by Excon View Post


    People leaving the workforce is not unemployment decreasing.
    I don't follow your logic (or lack thereof). Why would people leave the work force just because the minimum wage was higher?

  3. #23
    Banned
    Join Date
    Jan 2013
    Location
    Behind the Orange Curtain
    Last Seen
    01-30-15 @ 01:29 AM
    Gender
    Lean
    Very Conservative
    Posts
    15,633

    Re: How $10.10 an hour could get votes in November

    Quote Originally Posted by Top Cat View Post
    Lots more that aren't registered...
    You can't rule out the 12 to 20 million illegal aliens aka undocumented Democrats.

  4. #24
    Banned
    Join Date
    Oct 2013
    Location
    (none)
    Last Seen
    04-04-15 @ 09:11 PM
    Lean
    Communist
    Posts
    6,112
    Blog Entries
    1

    Re: How $10.10 an hour could get votes in November

    Quote Originally Posted by Porchev View Post
    How would increasing the minimum wage reduce unemployment?
    Some very small businesses can't afford the wage increase. They just shut down their business. Some larger business budget a certain amount of money for wages. If the minimum wage increases they have to fire some of the people to make up the difference. It's a logical theory. I don't know if it really pans out that way in reality but it is logic. Let me give you a simplistic example. There are too many factors but this will at least help you understand the logic behind the claims.


    A large company budgets $4,976,400.00 for salaries for 2014. The company has 330 employees all being paid minimum wage. If minimum wage increases to $10.10 per hour the company is only willing to pay 237 employees at that cost. 93 people will be fired right off the bat.

    330 employees x $7.25 x 40 hours x 52 weeks = $4,976,400.00
    237 employees x $10.10 x 40 hours x 52 weeks = $4,978,896.00

    That means that 28% of people earning minimum wage will lose their job.
    If 6,000,000 are earning minimum wage then 1,680,000 will lose their job. That's the logic. Don't get pissed at me though. This is just the logic with a simplistic example. There are billions and billions of factors to consider. Nobody has a crystal ball. Nobody can predict the impact of increasing the minimum wage. Consult your capitalistic religion or socialistic religion for the true answers.

  5. #25
    Banned
    Join Date
    Nov 2012
    Location
    Denio Junction
    Last Seen
    11-13-14 @ 12:09 AM
    Lean
    Other
    Posts
    7,039
    Blog Entries
    4

    Re: How $10.10 an hour could get votes in November

    The left should run on raising the mini wage. After handing the middle class's health care system over to the poor and making the middle class pay for it they shall be greatly routed in Nov.

  6. #26
    Banned
    Join Date
    Jan 2010
    Location
    Canada, Costa Rica
    Last Seen
    05-16-16 @ 09:45 AM
    Gender
    Lean
    Independent
    Posts
    31,645

    Re: How $10.10 an hour could get votes in November

    Quote Originally Posted by CalGun View Post
    The left should run on raising the mini wage. After handing the middle class's health care system over to the poor and making the middle class pay for it they shall be greatly routed in Nov.
    Does that mean "The War On Women" is finally over?

    Who won?

  7. #27
    Pragmatic Idealist
    upsideguy's Avatar
    Join Date
    Nov 2009
    Location
    Rocky Mtn. High
    Last Seen
    Today @ 03:38 AM
    Gender
    Lean
    Progressive
    Posts
    10,110

    Re: How $10.10 an hour could get votes in November

    Quote Originally Posted by APACHERAT View Post
    You can't rule out the 12 to 20 million illegal aliens aka undocumented Democrats.
    Who cares if they are "undocumented Democrats"? If they are undocumented, they are not voting. Oh, wait, maybe you are concerned that they give the billions to liberal PACs?

  8. #28
    Pragmatic Idealist
    upsideguy's Avatar
    Join Date
    Nov 2009
    Location
    Rocky Mtn. High
    Last Seen
    Today @ 03:38 AM
    Gender
    Lean
    Progressive
    Posts
    10,110

    Re: How $10.10 an hour could get votes in November

    Quote Originally Posted by vasuderatorrent View Post
    Some very small businesses can't afford the wage increase. They just shut down their business. Some larger business budget a certain amount of money for wages. If the minimum wage increases they have to fire some of the people to make up the difference. It's a logical theory. I don't know if it really pans out that way in reality but it is logic. Let me give you a simplistic example. There are too many factors but this will at least help you understand the logic behind the claims.


    A large company budgets $4,976,400.00 for salaries for 2014. The company has 330 employees all being paid minimum wage. If minimum wage increases to $10.10 per hour the company is only willing to pay 237 employees at that cost. 93 people will be fired right off the bat.

    330 employees x $7.25 x 40 hours x 52 weeks = $4,976,400.00
    237 employees x $10.10 x 40 hours x 52 weeks = $4,978,896.00

    That means that 28% of people earning minimum wage will lose their job.
    If 6,000,000 are earning minimum wage then 1,680,000 will lose their job. That's the logic. Don't get pissed at me though. This is just the logic with a simplistic example. There are billions and billions of factors to consider. Nobody has a crystal ball. Nobody can predict the impact of increasing the minimum wage. Consult your capitalistic religion or socialistic religion for the true answers.
    Thank you for your simplistic example. It is that.

    If the company needed 330 hourly employees to get the job done, do you think 237 employees can do the same work in 40 hours each? If that is the case, why not adjust to 237 employees right now. Sorry, your simplistic example has a major logic flaw, which is why it is simplistic and therefore not a relevant example.

    IF the business is profitable and needs 330 employees to meet demand, it needs 330 employees. Though an argument might be made that moving the payroll up by 1/3 drives unit cost above unit revenue (its no longer profitable) or the business has to raise prices, in which case units sold drops..and therefore the number of employees to make fewer units drops..... more likely, however, the cost comes out of profits.... and since that is unacceptable, it will come out of executive bonuses, which means is the 1% (of the 10%) that will pay for this. Guess what? They are the ones that should be.

  9. #29
    Sage
    Excon's Avatar
    Join Date
    Mar 2012
    Last Seen
    10-14-17 @ 01:26 PM
    Lean
    Independent
    Posts
    31,997

    Re: How $10.10 an hour could get votes in November

    Quote Originally Posted by vasuderatorrent View Post
    I don't follow your logic (or lack thereof). Why would people leave the work force just because the minimum wage was higher?
    Of course you are not following, as no one said that.
    “The law is reason, free from passion.”
    Aristotle
    (≚ᄌ≚)

  10. #30
    Sage

    Join Date
    Jul 2013
    Last Seen
    Today @ 03:48 AM
    Lean
    Independent
    Posts
    43,336

    Re: How $10.10 an hour could get votes in November

    Quote Originally Posted by Top Cat View Post
    I just heard the President is furious and heard him say on npr that the measure cost no tax. He is absolutely right. It is worse. It wants others to pay for his agenda and the liberal's interests. Worse is the impact. Fiddling with the pricing of central economic activity has massive negative fall out in reduced efficiency. That was what caused the Soviet to lose.

Page 3 of 13 FirstFirst 12345 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •