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Thread: Study: The 2007 minimum wage hike cost more than 1 million jobs during the recession

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    Re: Study: The 2007 minimum wage hike cost more than 1 million jobs during the recess

    Quote Originally Posted by ttwtt78640 View Post
    Paying people more to work less is not the answer.
    I'm assuming you've worked minimum wage before? (I don't mean to sound aggressive, quite a fan of your posts in general.) In some places, the cost of living even in a very modest apartment exceeds the salary of working a full-time minimum wage job. Some have to work a full-time job along with a part-time job, resulting in very little time to devote towards education (which would allow for social mobility and the ceasing of having to work two jobs). Having an abapical minimum wage results in having to work countless hours in unstimulating, monotonous, vapid, uninspiring atmospheres that are nothing less than a prison for the individual mind.
    Either I'm right or you're wrong.

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    Re: Study: The 2007 minimum wage hike cost more than 1 million jobs during the recess

    Quote Originally Posted by SMTA View Post
    Congratulations!

    You just increased your labor cost by 25%.

    Not an intelligent way to run any business.
    Actually, labor costs remain steady at $1000/unit
    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

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    Re: Study: The 2007 minimum wage hike cost more than 1 million jobs during the recess

    Quote Originally Posted by SMTA View Post
    Congratulations!

    You just increased your labor cost by 25%.

    Not an intelligent way to run any business.
    Did I though? Productivity was up, meaning I can cut elsewhere. I might need 1 less employee. Not only that, but the employees I have are now happier and healthier because they have more time to themselves and their families.

    To me, the salaried guy who is in the office from 7am-7pm is the dumbass of the office. First of all, he's fooling no one. There is no way he's being productive much of that time. Second of all, he must be a terrible person - go ****ing home.
    Ted Cruz is the dumbest person alive.

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    Re: Study: The 2007 minimum wage hike cost more than 1 million jobs during the recess

    Quote Originally Posted by sangha View Post
    Actually, labor costs remain steady at $1000/unit
    Unit cost is the same, but total production time reduced from 40 to 30 hours, increasing total cost by 25%.
    Greatness lies not in being strong, but in the right use of strength - Henry Ward Beecher
    Baby sister, I was born game and I intend to go out that way - Rooster Cogburn

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    Re: Study: The 2007 minimum wage hike cost more than 1 million jobs during the recess

    Quote Originally Posted by whysoserious View Post
    Did I though? Productivity was up, meaning I can cut elsewhere. I might need 1 less employee. Not only that, but the employees I have are now happier and healthier because they have more time to themselves and their families.

    To me, the salaried guy who is in the office from 7am-7pm is the dumbass of the office. First of all, he's fooling no one. There is no way he's being productive much of that time. Second of all, he must be a terrible person - go ****ing home.
    Childish logic.
    Greatness lies not in being strong, but in the right use of strength - Henry Ward Beecher
    Baby sister, I was born game and I intend to go out that way - Rooster Cogburn

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    Re: Study: The 2007 minimum wage hike cost more than 1 million jobs during the recess

    Quote Originally Posted by SMTA View Post
    Unit cost is the same, but total production time reduced from 40 to 30 hours, increasing total cost by 25%.
    Labor costs, both before and after, are $50,000

    Last time I checked, $50K is the same as $50K
    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

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    Re: Study: The 2007 minimum wage hike cost more than 1 million jobs during the recess

    Quote Originally Posted by sangha View Post
    Labor costs, both before and after, are $50,000

    Last time I checked, $50K is the same as $50K
    Reduced hours, same output = increased cost.
    Greatness lies not in being strong, but in the right use of strength - Henry Ward Beecher
    Baby sister, I was born game and I intend to go out that way - Rooster Cogburn

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    Re: Study: The 2007 minimum wage hike cost more than 1 million jobs during the recess

    Quote Originally Posted by SMTA View Post
    Childish logic.
    Childish logic? You don't even understand units of productivity and you're lecturing on business. Let me write out easier for you:

    30 hours - 50 units of productivity - $50k
    40 hours - 50 units of productivity - $50k

    If you can't see which one of these is better, you shouldn't be running a business.
    Ted Cruz is the dumbest person alive.

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    Re: Study: The 2007 minimum wage hike cost more than 1 million jobs during the recess

    Quote Originally Posted by SMTA View Post
    Reduced hours, same output = increased cost.
    Same cost ($50k) = same cost ($50k)
    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

  10. #80
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    Re: Study: The 2007 minimum wage hike cost more than 1 million jobs during the recess

    Quote Originally Posted by SMTA View Post
    Reduced hours, same output = increased cost.
    No, that's less cost! Are you kidding me that you think less hours with same output is increased cost?
    Ted Cruz is the dumbest person alive.

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