View Poll Results: Assuming a 40 hour work week, is minimum wage a lot?

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Thread: Is minimum wage a lot?

  1. #241
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    Re: Is minimum wage a lot?

    Quote Originally Posted by MoSurveyor View Post
    No one said anything about the executive branch. I see you're still digging up irrelevant side shows in an attempt to divert from a losing battle.


    I see you've finally seen the light. The Fed does, indeed, have authority over the people by your own admission. Your claim is refuted - and that's in your limited little fantasy world that ignores 200+ years of legal decisions and challenges. Case closed.
    you do not have the ability to refute anything becuase you do not even understand what has been posted.

    if you had read it correctly, you would have seen i said legislative authority [congress] , has no general authority over the people.......the executive branch is not congress, and if you violate a federal power article 1 section8 or commit treason, the feds can arrest you.

    talk about other people's lack of reading comprehension....look at yours!

  2. #242
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    Re: Is minimum wage a lot?

    Quote Originally Posted by MoSurveyor View Post
    Apparently your English and/or internet skills are lacking so I'll help you out. 'Unfettered' means 'without restriction'. Unfettered capitalism is a (real) "free market" system, what you seem to want. Throwing government into the mix is obviously not a "free market".
    Unfettered capitalism is an oxymoron. If people are lawless and unfettered there can be no secure property rights and individual liberty, and without secure property rights and individual liberty there cannot be capitalism.

    You seem to be confusing capitalism with lawless chaos, which might explain your negative opinion of it.


    And this nebulous "government" to which you refer doesn't cost anything? Somehow I just can't see that. Someone, somewhere along the line, has to be paying for this "government" that theoretically protects us from the free marketeers. I just can't see people donating sufficient funds to keep it alive and healthy enough to fight the MegaCorps with (in some cases) their trillions of dollars.

    In addition, someone - most likely not the people that need protection by said government - are also paying said government to define what these nebulous "property rights" are.
    The function of government is to protect the person and property of the citizens so that capitalism can function properly. Without secure property rights, it would be unfettered chaos.

    Your comparison of capitalism to slavery is bunk.

  3. #243
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    Re: Is minimum wage a lot?

    Quote Originally Posted by MoSurveyor View Post
    What do you call "modest" and "great"? Nebulous terms to say the least.


    If all businesses are operating under the same rules then where's the problem? Those businesses with the better model will have more profit and thrive - just as it should be. Minimum wage isn't part of that issue as long as all businesses are subject to it.
    Actually if you can read a P&L they are quantifiable. Most businesses try to attain a 20% bottom line. Many fast food operations as an example attain a fraction of that. Lots of chains only attain four or five percent. I would think a business with an EBIDTA in excess of 20% shouldn't have minimum wage workers.
    "A democracy cannot exist as a permanent form of government. It can only exist until the majority discovers it can vote itself largess out of the public treasury." Attributed to Alexander Tytler

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    Re: Is minimum wage a lot?

    Quote Originally Posted by sawdust View Post
    Actually if you can read a P&L they are quantifiable. Most businesses try to attain a 20% bottom line. Many fast food operations as an example attain a fraction of that. Lots of chains only attain four or five percent. I would think a business with an EBIDTA in excess of 20% shouldn't have minimum wage workers.
    i had heard the other day on varney and company., that out of McDonalds revenue:

    29% goes on pay

    30% on food and paper products/materials

    30% on rents.

  5. #245
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    Re: Is minimum wage a lot?

    Quote Originally Posted by ernst barkmann View Post
    i had heard the other day on varney and company., that out of McDonalds revenue:

    29% goes on pay

    30% on food and paper products/materials

    30% on rents.
    I'd have to look at a statement. The standard in the restaurant industry is 10% occupancy costs, 25% labor, 25 to 32% food depending on menu, and a varying percentage of fixed overhead for insurance, utilities ect. McDonalds ends up with a very low profit margin. The truth is they don't make any money on food. The bulk of their profit comes from the sale of soda which has a very high margin, being mostly water. McDonalds corporate is more of a real estate company than a restaurant company. They derive much of their corporate revenue from their real estate holdings.
    "A democracy cannot exist as a permanent form of government. It can only exist until the majority discovers it can vote itself largess out of the public treasury." Attributed to Alexander Tytler

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    Re: Is minimum wage a lot?

    Quote Originally Posted by MoSurveyor View Post
    Apparently your English and/or internet skills are lacking so I'll help you out. 'Unfettered' means 'without restriction'. Unfettered capitalism is a (real) "free market" system, what you seem to want. Throwing government into the mix is obviously not a "free market".
    You seem to be down on the word "unfettered", but statists like yourself don't mind giving that kind of power to a centralized oppressor. Also, pretty much nobody here wants a market that's completely free. That's a trait of anarcho-capitalism, which very, very few here adhere to. Even the laissez-faire crowd, especially those well-versed in economics, know what market failures are, and the existence of such.

    It sounds like you're wanting federal totalitarianism to determine winners and losers. How you consider that to be better is beyond me.

  7. #247
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    Re: Is minimum wage a lot?

    Quote Originally Posted by vasuderatorrent View Post
    How much money should an adult ought to be making? Follow up question: where can this rule be found?
    They should be making enough to support themselves and any family they have. It's what being conservative is all about. You know, fiscal responsibility? Seriously?
    There is nothing demonstrably true that religion can provide the world that cannot be achieved more rationally through entirely secular means.

    Blog me! YouTube me! VidMe me!

  8. #248
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    Re: Is minimum wage a lot?

    Quote Originally Posted by Cephus View Post
    They should be making enough to support themselves and any family they have. It's what being conservative is all about. You know, fiscal responsibility? Seriously?
    In theory, that could be $15,080 per year. There really isn't a magical number. You seem reluctant to provide a magic number.

    I have never heard of a dead 4 year old that died of starvation because his parents only maybe $15,080 between the two of them. You probably haven't either. I'm not saying it hasn't happened but it hasn't made headlines.

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    Re: Is minimum wage a lot?

    Quote Originally Posted by OscarB63 View Post
    if you are 40 and still making minimum wage, you have other problems.
    Are you suggesting that a 40 year old man with two kids who quits a job making $55,000 per year in order to get a new job making $15,080 per year is mentally ill or physically handicapped?

    Same question, slightly different:

    Are you suggesting that a 40 year old man with two kids who is fired from a job making $55,000 per year, then gets a new job making $15,080 per year is mentally ill or physically handicapped?

    The logic seems very simplistic.

  10. #250
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    Re: Is minimum wage a lot?

    Quote Originally Posted by vasuderatorrent View Post
    Are you suggesting that a 40 year old man with two kids who quits a job making $55,000 per year in order to get a new job making $15,080 per year is mentally ill or physically handicapped?

    Same question, slightly different:

    Are you suggesting that a 40 year old man with two kids who is fired from a job making $55,000 per year, then gets a new job making $15,080 per year is mentally ill or physically handicapped?

    The logic seems very simplistic.
    What in the hell are you talking about?

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