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

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

Nope. I was explaining the logic used when people claim that minimum wage will increase unemployment. I wasn't assuming jack squat. Did you read this comment in the thread?



You probably didn't.

So in other words "never mind"?
There is no reason to believe that companies will lay off needed employees simply because of a raise in minimum wage.
There... I fixed it for you.
 
Re: How $10.10 an hour could get votes in November

Because its a perpetual cycle that never ends. Ever since the dollar went off the gold standard we had this problem of dealing with inflation, wages, and cost of living increases. What need is there for wages and prices to keep going up? Society doesn't benefit from this (as you stated purchasing power is less today than 40-50 years ago), so who does? The banks. Wages decline as inflation builds and the bankers/financiers are the only ones who benefit. Plain and simple. The eroding value of the dollar is the problem, not minimum wage.

Raising the minimum wage will cause either A) cost of product/service increases to make up for lost profit, or B) layoffs will increase. So you want to make more while also paying more, leaving the net gain near zero? That is efficient? I don't follow the logic.

Minimum wage is a joke, the FED is a joke, and society is a joke. I'm just waiting for the reset. Hope it happens in my lifetime.

The "joke" is on you.
 
Re: How $10.10 an hour could get votes in November

How much gross revenue does an average business need to generate to cover $1 dollar of added cost?

Let see...McDonalds profits last year were over $5.5 billion. How many employees could that cover?
 
Re: How $10.10 an hour could get votes in November

Let see...McDonalds profits last year were over $5.5 billion. How many employees could that cover?

I believe the question was how much gross revenue does an average business need to generate to cover $1 dollar of added cost.
 
Re: How $10.10 an hour could get votes in November

So in other words "never mind"?
There is no reason to believe that companies will lay off needed employees simply because of a raise in minimum wage.
There... I fixed it for you.

You have to think it out. You can only do that by hearing both sides of the argument. Yes. Some people will be laid off because of an increase in the minimum wage. No. We can't guess how many it would be. Yes. Some people will have a better lifestyle because of the increase in the minimum wage. No. We can't guess how much of an improvement. Yes. Some people will buy more things because they have more money. No. We can't tell what things they will buy. Yes. Prices will go up on some products because of the increase in the minimum wage. No. We don't know on which products or how much.

Fanaticism doesn't solve jack squat. You have to listen to both sides of the argument when making a decision and brace yourself for the possible consequences. Both sides of the argument are right. There are billions and billions of factors that could impact the situation. It can't be simplistically solved by treating your particular ideology as the perfect indicator of what will happen.

For example: Would raising the minimum wage to $100 an hour have a catastrophically negative impact? Yes. Raising it to $10 will cause the same ripples but much smaller. You can't be a complete idiot. You have to consider all sides.
 
Re: How $10.10 an hour could get votes in November

Minimum wage is a joke, the FED is a joke, and society is a joke.

You aren't talking about the Debate Politics society. Are you? :(
 
Re: How $10.10 an hour could get votes in November

You have to think it out. You can only do that by hearing both sides of the argument. Yes. Some people will be laid off because of an increase in the minimum wage. No. We can't guess how many it would be. Yes. Some people will have a better lifestyle because of the increase in the minimum wage. No. We can't guess how much of an improvement. Yes. Some people will buy more things because they have more money. No. We can't tell what things they will buy. Yes. Prices will go up on some products because of the increase in the minimum wage. No. We don't know on which products or how much.

Fanaticism doesn't solve jack squat. You have to listen to both sides of the argument when making a decision and brace yourself for the possible consequences. Both sides of the argument are right. There are billions and billions of factors that could impact the situation. It can't be simplistically solved by treating your particular ideology as the perfect indicator of what will happen.

For example: Would raising the minimum wage to $100 an hour have a catastrophically negative impact? Yes. Raising it to $10 will cause the same ripples but much smaller. You can't be a complete idiot. You have to consider all sides.

What's truly amazing about the Democrats is the way they can, with the help of a complaint media, bring up these non-issues, get everyone debating them, and all the while ignoring the real problems America faces.

Last election it was birth control and the "War on Women", now issues long forgotten, and now it will a minimum wage, or some other equally trivial non-issue. Isn't it time to get serious?
 
Re: How $10.10 an hour could get votes in November

Let see...McDonalds profits last year were over $5.5 billion. How many employees could that cover?

If investors get 0.0% return on their investment the answer is 318,395 employees at $7.25 an hour or 228,550 employees at $10.10 an hour. Investors usually want to receive 12% on their investment.

If the value of all outstanding stock at the beginning of the year was $45,900,000,000 or less then it would cover 0 employees.

You have to remember rich people are greedy, filthy, disgusting and horrible people. They won't invest in a company at all unless they will receive a profit. Sometimes you have to consider the reality of the world.

With that in mind: What was the value of all outstanding stock at the beginning of the year for McDonalds?

Big numbers have the potential to empower liars to make misleading statements. Answer the question or stop with the lies.
 
Re: How $10.10 an hour could get votes in November

Its the only really truly squeezable place.... it will likely come out of bonuses.

A price increase is far more tenable, particularly when the working poor have just had an income boost.
 
Re: How $10.10 an hour could get votes in November

You have to think it out. You can only do that by hearing both sides of the argument. Yes. Some people will be laid off because of an increase in the minimum wage. No. We can't guess how many it would be. Yes. Some people will have a better lifestyle because of the increase in the minimum wage. No. We can't guess how much of an improvement. Yes. Some people will buy more things because they have more money. No. We can't tell what things they will buy. Yes. Prices will go up on some products because of the increase in the minimum wage. No. We don't know on which products or how much.

Fanaticism doesn't solve jack squat. You have to listen to both sides of the argument when making a decision and brace yourself for the possible consequences. Both sides of the argument are right. There are billions and billions of factors that could impact the situation. It can't be simplistically solved by treating your particular ideology as the perfect indicator of what will happen.

For example: Would raising the minimum wage to $100 an hour have a catastrophically negative impact? Yes. Raising it to $10 will cause the same ripples but much smaller. You can't be a complete idiot. You have to consider all sides.

It's not a linear scale. The benefits of a $10 minimum wage could greatly outweigh the negatives while the same is not necessarily true for a billion dollar minimum wage.
 
Re: How $10.10 an hour could get votes in November

I believe the question was how much gross revenue does an average business need to generate to cover $1 dollar of added cost.

Roughly a dollar. How much does that raise the price of their product?
 
Re: How $10.10 an hour could get votes in November

It's not a linear scale. The benefits of a $10 minimum wage could greatly outweigh the negatives while the same is not necessarily true for a billion dollar minimum wage.

The dogmatic political doctrines of the two sides are valuable because it is a great tool to keep us from going to extreme with our decisions. I guess I just get annoyed with it at times.
 
Re: How $10.10 an hour could get votes in November

The dogmatic political doctrines of the two sides are valuable because it is a great tool to keep us from going to extreme with our decisions. I guess I just get annoyed with it at times.

Literally nobody has suggested anything in the same universe as a $100 minimum wage. There wasn't any risk of "going to extremes." If minimum wage had even kept up with inflation over the last few decades it would already be $10. There's nothing extreme here. If it had kept up with worker productivity it would be even higher.

The real value of minimum wage has been going down for thirty years. And people are acting like raising it is some extreme socialist idea.
 
Re: How $10.10 an hour could get votes in November

Nonsense. We have the highest minimum wage in America here in WA, And since it went up, unemployment has decreased.

The right wing myth has been exposed.

"Correlation does not equal causation."
Show us how raising MW increased employment. Not just two numbers that follow similar trends on a graph, but the actual cause and effect.
 
Re: How $10.10 an hour could get votes in November

Roughly a dollar. How much does that raise the price of their product?

LOL

With that answer, it's clear you don't understand how a business operates, and what it takes to cover costs. Kind of symbolic of the havoc Prog/Libs have subjected business to with their agenda.
 
Re: How $10.10 an hour could get votes in November

You aren't talking about the Debate Politics society. Are you? :(

The American society as a whole is a huge joke now. We can't speak as honest adults without being sacrificed and livelihoods destroyed. People actually care what 80 year olds think and it makes headline news for days. All the hoopla about what is racism and what isn't. I'm just sick of how we are so dishonest nowadays while putting on this facade that all is fine and dandy. No one wants to tackle real issues, they'd rather focus on the tertiary parts that have little impact. People actually think Obama isn't a liar. All the fake apologies on TV for words. Etc, etc.

We are a 2-faced society nowadays. There is a mentality to just be nice in public and hate each other in private. This does wonders for society, a bunch of 2-faced hypocrites selling each other out when caught saying something.
 
Re: How $10.10 an hour could get votes in November

"Correlation does not equal causation."
Show us how raising MW increased employment. Not just two numbers that follow similar trends on a graph, but the actual cause and effect.

I didn't claim a connection. I simply stated that many on the right claimed when MW was raised unemployment would rise, it didn't.
 
Re: How $10.10 an hour could get votes in November

And people are acting like raising it is some extreme socialist idea.

The left side communicates in extremes too. They are pretending that an increase in minimum wage is going to increase wages. :roll:
 
Re: How $10.10 an hour could get votes in November

The left side communicates in extremes too. They are pretending that an increase in minimum wage is going to increase wages. :roll:

It will increase wages, just not personal wealth. Inflation and the cost of living are going to always outpace wage hikes.
 
Re: How $10.10 an hour could get votes in November

"And, and, and.....if we made a law where everyone made a million an hour, we could all be........millionaires!!"

First-grade economic thinking attracts first-grade economic voters.
 
Re: How $10.10 an hour could get votes in November

Nonsense. We have the highest minimum wage in America here in WA, And since it went up, unemployment has decreased.
The right wing myth has been exposed.

I didn't claim a connection. I simply stated that many on the right claimed when MW was raised unemployment would rise, it didn't.

I guess that was my mistake, since I based my response on the words you typed instead of the words thought you typed. Next time I'll make sure that I'm using my telepathy before responding...
 
Re: How $10.10 an hour could get votes in November

I guess that was my mistake, since I based my response on the words you typed instead of the words thought you typed. Next time I'll make sure that I'm using my telepathy before responding...

Show me where I suggested there was a connection? I didn't I simply said that since the MW was raised, unemployment went down. I did not say there was a connection. No need to make **** up.

Those on the right have stated that when the MW goes up, so too will unemployment. That's not what happened in WA. Alas, those on the right weren't correct, at least not in this case.
 
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