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Does anyone know how business works!?

TheRepublican

TheRepublican

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Before the Sanders fans bomb blast this discussion! You can scream that we should have a higher wage! You think that cheeseburger is going to be a $3.79 still? Anyone who knows how economics works it’d go up to cover the difference between everything and is involved


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TheRepublican said:
Before the Sanders fans bomb blast this discussion! You can scream that we should have a higher wage! You think that cheeseburger is going to be a $3.79 still? Anyone who knows how economics works it’d go up to cover the difference between everything and is involved


Sent from my iPad using Tapatalk
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Wow. Thanks for clearing that up and setting the record straight.
 
I need a translator for this OP
 
Before the Sanders fans bomb blast this discussion! The whole thing about how the United States should have higher wages because it the people feel like they should automatically get a decent wage off the bat? So I disagree with that because it is like school if you do not turn in assignments and take advantage to better yourself to improve performance and, earn credits it is your fault it is nobody else. Same thing in the real world if you show up and have potential and, performing better then the other workers. You are going to earn a pay raise and, go places. However, trying to elect a socialist or a person who never held a job in his life! Let’s have the government takeover and, get Free Healthcare like the Veterans who should, but that system SUCKS, Let’s make it a law that no matter what or how much a lazy dope that you are you are going to earn the same thing as the kid who is on their game? Right that logic sounds stupid.
 
TheRepublican said:
You can scream that we should have a higher wage! You think that cheeseburger is going to be a $3.79 still?
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good point, liberals are very very slow so cant anticipate the unintended consequences of their goofy attempts at caring. Higher wages lead to higher prices and no net benefit, welfare that is not workfare cripples rather than helps, etc etc. Stalin and Mao slowly starved 120 million to death with their goofy liberal attempts to care.
 
This, year I resolve to, stop using the comma, Incorrectly.
 
James972 said:
and to stop changing the subject when I lack the iq for the subject
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and I, Resolve to use periods and, capital letters where needed,
 
TheRepublican said:
Before the Sanders fans bomb blast this discussion! You can scream that we should have a higher wage! You think that cheeseburger is going to be a $3.79 still? Anyone who knows how economics works it’d go up to cover the difference between everything and is involved
Click to expand...
I know how economics works.

I know that there are tons of studies on the effects of minimum wages, few of which show rampant inflation as a result of those laws.

I know that increasing wages generally increases employee retention, which does in fact cost many of these companies -- in lost productivity, training costs, hiring/recruitment costs, administrative overhead....

I know about this crazy thing called inflation. If minimum wages are not adjusted to inflation, then that means the business operators are getting a ~2% annual cut in the cost of labor. Do they use this to cut prices by 2%? Doesn't look that way.

I know that any business is going to face changes in its costs. The cost of raw materials, finished materials, machines, advertising etc go up and down. Consider the price of beef:

commodity-beef.png


Did the price of your favorite fast food burger skyrocket in price in 2014? I'm kinda guessing nah. If they can handle an increase in a key ingredient, I'm sure they can handle the gradual increases in minimum wages.
 
Visbek said:
I know how economics works.

I know that there are tons of studies on the effects of minimum wages, few of which show rampant inflation as a result of those laws.

I know that increasing wages generally increases employee retention, which does in fact cost many of these companies -- in lost productivity, training costs, hiring/recruitment costs, administrative overhead....

I know about this crazy thing called inflation. If minimum wages are not adjusted to inflation, then that means the business operators are getting a ~2% annual cut in the cost of labor. Do they use this to cut prices by 2%? Doesn't look that way.

I know that any business is going to face changes in its costs. The cost of raw materials, finished materials, machines, advertising etc go up and down. Consider the price of beef:

commodity-beef.png


Did the price of your favorite fast food burger skyrocket in price in 2014? I'm kinda guessing nah. If they can handle an increase in a key ingredient, I'm sure they can handle the gradual increases in minimum wages.
Click to expand...

I am more concerned about rural areas vs. urban areas on this issue. Rural and stagnant local economies do not have the ability to pass those added wage costs along to consumers as readily as urban businesses can. Since those areas already lose money to outside areas, raising the MW could compound those losses.

I am not sure I have ever seen a study that looked at the long term economic impacts of MW increases. Most of them look at very short windows, so I am not saying they are always good or always bad. I just have my doubts that they do anything long term other than drive up costs of living, particularly in housing.
 
Visbek said:
I know how economics works.

I know that there are tons of studies on the effects of minimum wages, few of which show rampant inflation as a result of those laws.

I know that increasing wages generally increases employee retention, which does in fact cost many of these companies -- in lost productivity, training costs, hiring/recruitment costs, administrative overhead....

I know about this crazy thing called inflation. If minimum wages are not adjusted to inflation, then that means the business operators are getting a ~2% annual cut in the cost of labor. Do they use this to cut prices by 2%? Doesn't look that way.

I know that any business is going to face changes in its costs. The cost of raw materials, finished materials, machines, advertising etc go up and down. Consider the price of beef:

commodity-beef.png


Did the price of your favorite fast food burger skyrocket in price in 2014? I'm kinda guessing nah. If they can handle an increase in a key ingredient, I'm sure they can handle the gradual increases in minimum wages.
Click to expand...

they tried it in Seattle. the govts own study said they fired 1000's in one city. Basic supply and demand! Most reataurants operate at break even until they go bankrupt. min wages just makes it happen sooner
 
TheRepublican said:
Before the Sanders fans bomb blast this discussion! You can scream that we should have a higher wage! You think that cheeseburger is going to be a $3.79 still? Anyone who knows how economics works it’d go up to cover the difference between everything and is involved


Sent from my iPad using Tapatalk
Click to expand...

I fell like you left out about 6 sentences from your post....
 
James972 said:
study was about minimum wage employment not overall employment in Seattle which is very good thanks to massive hi tech presence. Do you understand now?
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Yes, I understand that a city that raised its MW has full employment and employers are having problems finding workers.
 
sangha said:
Yes, I understand that a city that raised its MW has full employment and employers are having problems finding workers.
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study was done by city and 3 university PH.Ds to prove minimum wage worked. They found it didn't. We don't need the likes of you tell us what it meant. Sorry to break it to you.
 
TheRepublican said:
Before the Sanders fans bomb blast this discussion! The whole thing about how the United States should have higher wages because it the people feel like they should automatically get a decent wage off the bat? So I disagree with that because it is like school if you do not turn in assignments and take advantage to better yourself to improve performance and, earn credits it is your fault it is nobody else. Same thing in the real world if you show up and have potential and, performing better then the other workers. You are going to earn a pay raise and, go places. However, trying to elect a socialist or a person who never held a job in his life! Let’s have the government takeover and, get Free Healthcare like the Veterans who should, but that system SUCKS, Let’s make it a law that no matter what or how much a lazy dope that you are you are going to earn the same thing as the kid who is on their game? Right that logic sounds stupid.
Click to expand...

Minimum wage prevents corporations from billing their responsibilities to the Govt. Why should we pay to feed and house their employees?
 
iguanaman said:
Minimum wage prevents corporations from billing their responsibilities to the Govt. Why should we pay to feed and house their employees?
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you pay to feed and house them in higher prices or higher taxes so you pay either way.
 
James972 said:
you pay to feed and house them in higher prices or higher taxes so you pay either way.
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So you don't want to pay $3.95 for the cheeseburger?

I was listening to radio in the car today, so it would take some time to find a link...but scout's honor, it was reported that there is not ONE county in the US where 2 individuals working full time for minimum wage could afford a two bedroom apartment. So what do you think happens then? What do you think should happen then?

A minimum wage should have some connection to the minimum cost of a minimal lifestyle in the community. It should not be determined by corporate profit or what the market will bear in terms of low wages. JMO
 
James972 said:
study was done by city and 3 university PH.Ds to prove minimum wage worked. They found it didn't. We don't need the likes of you tell us what it meant. Sorry to break it to you.
Click to expand...

I judge policies by their results. The result in Seattle is full employment
 
James972 said:
you pay to feed and house them in higher prices or higher taxes so you pay either way.
Click to expand...

Immaterial. We don't want to socialize our losses and privatize profits. Some of the extra pay will come out of profits by necessity. Business needs so learn that they depend on their employees and their employees depend on them.
 
backpacker said:
I am more concerned about rural areas vs. urban areas on this issue.
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Yes, I agree that makes a lot of sense. Though it's really about cost of living. E.g. New Orleans probably has half the cost of living of New York.

I believe that's an argument in favor of local variations in minimum wages. However, the key issue in my opinion is that MW ought to be set at a level that works for as much of the US as possible, and is indexed to inflation. No matter where you are in the US, if MW is not adjusted for inflation, then the purchasing power of the employees erode over time, and that's not good.
 
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