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

  1. #71
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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"? ]
    Anyone that makes a career out of one is.
    ”People willing to trade their freedom for temporary security deserve neither and will lose both.” --- Ben Franklin

    Quote Originally Posted by The German View Post
    Sterotypes are mostly based on truths.

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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.

    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.
    A lot of big businesses have lowered the weight on items they sell... think cereal being in a 12-ounce box now instead of the usual 14-ounce size...but still charge the old price, in order to remain competitive. I guess if people wouldn't mind a hamburg the size of a quarter, and eight fries per package at McDonalds, that's one option!

    Greetings, SMTA.

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

    Quote Originally Posted by SMTA View Post
    Any fool who guarantees employment will not be in business very long.
    Well, if there aren't going to be enough jobs for everyone, then I can't see how we can tell people "our society doesn't have a job for 3 million of you to do, but it is your fault we don't, and so we are going to let you starve".
    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 sangha View Post
    Paying people more money increases demand.
    Er, no. Net increase in wages over increase in prices increases demand. Simply artificially raising the wage floor achieves neither of those things.

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

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




    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
    Obviously you do not understand business.

    You can't just 'take up slack'.

    In many cases there is no slack.
    Greatness lies not in being strong, but in the right use of strength - Henry Ward Beecher
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    Re: Gallup: 76% Of Americans Support A Minimum Wage Increase

    Quote Originally Posted by cpwill View Post
    Er, no. Net increase in wages over increase in prices increases demand. Simply artificially raising the wage floor achieves neither of those things.
    Exactly! Since wage increases do not need to increase prices, wage increases increase demand

    Quote Originally Posted by SMTA View Post
    Obviously you do not understand business.

    You can't just 'take up slack'.

    In many cases there is no slack.
    When a place has business and then goes out of business, there is demand for another business to come in and grab their market share
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    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 Fenton View Post
    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.
    How many people do you think pbrouer are?
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

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

    Quote Originally Posted by sangha View Post
    Exactly! Since wage increases do not need to increase prices, wage increases increase demand
    Incorrect - as the price of production increases, so to, prices of goods and services. Since net wage increases is not assured by a minimum wage increase, but since prices are likely to go up, the immediate dynamic effect is to reduce demand.

    When a place has business and then goes out of business, there is demand for another business to come in and grab their market share
    Yup. Now consider the implications of "providing production" as a business.

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

    You give more money to low end wage earners they will likely put it right back into the community.

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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.
    Sure, congress will simply mandate that you, personally, hire and pay them. Don't worry, some of them may actually show up occasionally and perhaps some of those will even choose to do their assigned tasks.
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

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