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Thread: Gallup: 76% Of Americans Support A Minimum Wage Increase

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    Re: Gallup: 76% Of Americans Support A Minimum Wage Increase

    Quote Originally Posted by sangha View Post
    Paying people more money increases demand.
    Demand for what, and by whom?
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    Re: Gallup: 76% Of Americans Support A Minimum Wage Increase

    Quote Originally Posted by SMTA View Post
    Demand for what, and by whom?
    For the things that the people making more money want, by the people who are making more money
    Quote Originally Posted by matchlight View Post
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    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: Gallup: 76% Of Americans Support A Minimum Wage Increase

    Quote Originally Posted by sangha View Post
    For the things that the people making more money want, by the people who are making more money
    But, simultaneously, the prices of some goods will be rising, which will reduce their availability / attractiveness to some consumers.

    As wages increase, prices will also increase at the same time.

    If one gets more, but has to pay more, then what is gained?

    In many cases, getting more wages is offset by having to pay more.
    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: Gallup: 76% Of Americans Support A Minimum Wage Increase

    Quote Originally Posted by SMTA View Post
    But, simultaneously, the prices of some goods will be rising, which will reduce their availability / attractiveness to some consumers.

    As wages increase, prices will also increase at the same time.

    If one gets more, but has to pay more, then what is gained?

    In many cases, getting more wages is offset by having to pay more.
    Prices don't necesarily rise in response to higher wages. That is just a fiction.
    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: Gallup: 76% Of Americans Support A Minimum Wage Increase

    Quote Originally Posted by Kobie View Post
    So now everyone who works a minimum wage job is "lazy"? ]
    If all they are working is forty hours a week then yes they are lazy. You'll find no sympathy here.
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    Re: Gallup: 76% Of Americans Support A Minimum Wage Increase

    Quote Originally Posted by ttwtt78640 View Post
    I have no objection raising the minimum wage or tying it to the CPI (indexing). What I would insist upon in exchange for that is a maximum combined (federal, state and local) social program annual benefit of 2000 times that hourly rate (regardless of how many dependents they may claim);. it makes absolutely no sense to pay folks more not to work than those working full time at the minimum wage can earn.
    I would support such maximums alongside a robust minimum wage if everyone was guaranteed employment.
    You can never be safe from a government that can keep you completely safe from each other and the world. You must choose.

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    Re: Gallup: 76% Of Americans Support A Minimum Wage Increase

    Quote Originally Posted by pbrauer View Post
    Not true, the selling price of items is mostly controlled by supply and demand.
    That's silly and pardon me if I don't take your economic assertions seriously. I mean you DO defend the party that' responsible for our current economic situation. I mean you people don't have much credibility left.

    You people actually thought that Obama care was going to shrink premiums and make health care "affordable". It's clear you have no real substantial knowledge of how our free market system works so spare me your rhetoric about how " the cost of goods is dependent on supply and demand"

    I mean if you people haven't learned by now WHY are you even responding ?

    Raising the minimum wage would do one of TWO things. It would lower the number of entry level positions and actually reduce the number of jobs as employers struggle to make up the extra cost OR, Businesses would raise the price of their inventory to make up for demand.

    Your so lacking in fundamental knowledge on the concepts of a free market economy you actually think arbitrary cost increases as mandated by the Government are a GOOD thing.
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    Re: Gallup: 76% Of Americans Support A Minimum Wage Increase

    Quote Originally Posted by sangha View Post
    Prices don't necesarily rise in response to higher wages. That is just a fiction.
    Maybe in your world.

    Small businesses, especially fast food, can expect their costs to be about 1/3 labor, 1/3 raw material / food, and 1/3 overhead.

    If their labor costs increase by 25%, then 1/3 of their sales cost just increased by by 25%.

    They will have to raise prices to make money, or they get out of the business.

    My best friend has run a pizza shop for years, and this is exactly his cost structure.
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    Re: Gallup: 76% Of Americans Support A Minimum Wage Increase

    Quote Originally Posted by Dezaad View Post
    I would support such maximums alongside a robust minimum wage if everyone was guaranteed employment.
    Any fool who guarantees employment will not be in business very long.
    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: Gallup: 76% Of Americans Support A Minimum Wage Increase

    Quote Originally Posted by SMTA View Post
    Maybe in your world.
    As the owner and partner of several businesses, my world is the business world.


    Small businesses, especially fast food, can expect their costs to be about 1/3 labor, 1/3 raw material / food, and 1/3 overhead.

    If their labor costs increase by 25%, then 1/3 of their sales cost just increased by by 25%.

    They will have to raise prices to make money, or they get out of the business.

    My best friend has run a pizza shop for years, and this is exactly his cost structure.
    If they are so incompetent that they can't deal with increased costs, then they deserve to be run out of business. Then, a competent business manager will take up the slack created by their demise
    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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