Democrats want to raise the minimium wage. Bad ideal

[Makaho 2.0]

99, have you seen both proposals for the wage raise??

Democrats sought minimum wage increases in three steps of 70 cents each, to $7.25. Republicans countered with raises in two steps of 55 cents apiece, to $6.25, as well as several pro-business provisions.

The four dollar amount I used was for comparison sake....not actual figures.

But common practice of business would force me to raise other salaries within my infrastructure in a proportionate manner. That has always been the case.

And common sense would tell you not to even consider jumping off a building in the first place. Again based on some of the commentary I read earlier I can tell Robber, JUSTUS and Seeing Spots how to do their job just because I watch Boston Legal every Sunday.

Denny Crane!!!

 

[mighty hornet]

damn, now watching Boston Legal on television is equated to studying, schooling and becoming educated on a subject.

 

[JSU/99]

99, have you seen both proposals for the wage raise??

Democrats sought minimum wage increases in three steps of 70 cents each, to $7.25. Republicans countered with raises in two steps of 55 cents apiece, to $6.25, as well as several pro-business provisions.

The four dollar amount I used was for comparison sake....not actual figures.

But common practice of business would force me to raise other salaries within my infrastructure in a proportionate manner. That has always been the case.

And common sense would tell you not to even consider jumping off a building in the first place. Again based on some of the commentary I read earlier I can tell Robber, JUSTUS and Seeing Spots how to do their job just because I watch Boston Legal every Sunday.

Denny Crane!!!

Why would you use a 4 dollar figure when the actual proposals don't even come close to that? The most agressive approach calls for a 2 dollar raise over 2 years. The numbers are set. It doesn't make sense to just throw figures out there for the sake of argument.

As for raising salaries of other employees, the increases would be minimal at best. A 2 dollar(or 1 dollar) raise over 2 years is close to what one would expect anbyway, if they keep the same job. Believe it or not, employers do give raises.

 

[JSU/99]

damn, now watching Boston Legal on television is equated to studying, schooling and becoming educated on a subject.

That's what you call simple logic. Take any topic and reduce it to its lowest common denominator.

 

[Da_Sperm]

Democrats sought minimum wage increases in three steps of 70 cents each, to $7.25. Republicans countered with raises in two steps of 55 cents apiece, to $6.25, as well as several pro-business provisions.

To put things into perspective, in 1987, my first job paid $3.15/hour. Today's minium wage is $5.15/hr. That is a $2.00/hr increase over 18 years. We are talking about a $2.00/hr increase over 3 years?

Right now I can't afford to take a family of 5 to McDonalds because that cost $25.00, it would cost $45.00 in 3 years.

 

[Makaho 2.0]

Sperm, you are making too much sense again.

They don't like that around here. lol

 

[JSU/99]

If you think resturant prices are going to double in the next three years because of a 2 dollar minimum wage increase.........Yeah that makes a lot of sense.

 

[Da_Sperm]

If you think resturant prices are going to double in the next three years because of a 2 dollar minimum wage increase.........Yeah that makes a lot of sense.

Lets look at it a little more in detail. A McDonald's employee pay goes from $5.15 to $7.xx over the next 3 years. What does it take to prepare a burger?

Buns, meat, mustard, ketchup, onion, pickle, cheese, wrapper, etc.

McDonalds is in the business of only preparing the burger and selling it, they don't make mustard, ketchup, onion, pickle, cheese, wrappers, etc. The companies that produce those items will sell them at a higher rate because of the wage increase. Take all of that plus the several hundred other things not thought about that goes into the purchase of a burger (marketing, HR, cleaning, maintenance, etc.) will all contribute to the increase in the price of the burger. It is possible that the increase will be somewhere from 50% to 100%. Increasing the pay doesn't increase the number of burgers produced or sold. If they sell 500 burgers a day when paying $5.15/hr, paying $7.15/hr doesn't mean they will now sell 700 burgers per day.

Not only does the employer have to pay more in wages, but also more in social security benefits. Your employer is required by law to pay half your Social Security Benefits (7.625% of taxable wages).

 

[Makaho 2.0]

damn, now watching Boston Legal on television is equated to studying, schooling and becoming educated on a subject.

Judas Priest MH, can you not even discern "sarcasm" when you see it?

Again based on some of the commentary I read earlier I can tell Robber, JUSTUS and Seeing Spots how to do their job just because I watch Boston Legal every Sunday.

Bruh, please tell me where you work so I can make sure I never do any business there.

 

[jag4life]

Right now I can't afford to take a family of 5 to McDonalds because that cost $25.00,

To put things into perspective, in 1987, my first job paid $3.15/hour. Today's minium wage is $5.15/hr. That is a $2.00/hr increase over 18 years. We are talking about a $2.00/hr increase over 3 years?

Back in 1987 how much was a McDonald's burger? Compare that to now.

 

[JSU/99]

I guess Da Sperm aint never heard of the dollar menu.

 

[Da_Sperm]

Back in 1987 how much was a McDonald's burger? Compare that to now.

A burger in 1987 at McDonalds was $0.67 and with cheese it was $0.79. I know because I worked there and have reciepts in my Senior book. Today, a slice of cheese is about $0.69.

I just read an article today talking about the trade deficeit is 25% higher this year compared to last year. If we raise wages, that will only increase the trade deficeit because it will be cheaper to get goods/resources imported than it would to get them here. Once we get to a point where we depend on imports, we are doomed (like we are with gas).

 

[jag4life]

A burger in 1987 at McDonalds was $0.67 and with cheese it was $0.79. I know because I worked there and have reciepts in my Senior book. Today, a slice of cheese is about $0.69.

So there was a 590% increase in price and only a 64% raise in salary over those 18 years? Hmmmm

 

[Makaho 2.0]

I guess Da Sperm aint never heard of the dollar menu.

He may well have heard of the basic principles of economics, and the law of diminishing (marginal) return though, and understands it.

Or mabye the 99 cent menu is not an option. Try telling some younguns they gotta settle for the 99 cent nuggets instead of the 5 dollar happy meal and see won't there be bedlam up in McDonalds. lol

 

[Justin]

Now I don't know where to stand on this issue. Because on one hand there are people who don't have a choice but to work a minimum wage because of a glass ceiling on skills and on the other hand the tax increase on the check, possible increase on other **** that you will buy and produce, and the current deficit is what would make me a bit uneasy.

I need to really ponder this one.

 

[Makaho 2.0]

Double edged sword decisions are never truly black and white.

But we will continue to argue the gray areas till Gabriel puts his lips on the trumpet.

Nature of the beast I guess.

 

[JSU/99]

At first glance, the Republican plan is best when it comes to the dollar amount. But I'm can't commit until I see those "pro-business" measures they've attached.

 

[ToPdOg]

I think that the minimum wage should be raised. In this current economy sometimes you can't be too picky about the job you work in order to have a job, especially with tons of jobs being outsourced to people in other countries. Even McDonald's is testing a new strategy of replacing drive through employees with call centers in India. Think about this, the price if gas here has been down to $1 a gallon or lower here since the minimum wage was raised to what it is now. That same gallon of gas here costs twice that amount while the minimum wage is still the same. Has the price of food gone up? Yes. Clothing? Yes. Rent? Yes. Other basic necessities to live? Yes. Prices are going to go up, that's a fact of life. The minimum wage should be raised in proportion to the rate of inflation.

 

[Warndalyn]

ummmmm, KB

Some of the posts on here really give the impression that some of us look down on people in lower paying, minimum wage jobs.
:smh:

Sorry, but I was raised to respect honest work, regardless of what it is or the salary

Ain't this the truth...:tup:

 

[MsJag4Jag]

A burger in 1987 at McDonalds was $0.67 and with cheese it was $0.79. I know because I worked there and have reciepts in my Senior book. Today, a slice of cheese is about $0.69.

I just read an article today talking about the trade deficeit is 25% higher this year compared to last year. If we raise wages, that will only increase the trade deficeit because it will be cheaper to get goods/resources imported than it would to get them here. Once we get to a point where we depend on imports, we are doomed (like we are with gas).

It all amounts to the same thing...the burger costs more, but the workers get paid more.

In my economics class, I learned that is ALL about what you can make the public BELIEVE. They believe they are richer with $2 more per hour. Well when that is waged against the costs of food/gas/living, they really have not gained anything. IT IS PERCEPTION. By the time they figure out that they REALLY don't have more, they have already spent what they don't have...they will make more credit purchases with higher interest rates...or temporarily lower rates...and save less...It helps out the FEDs...It is a big cycle....


Just like with buying cars... most people don't realize that everybody (almost) pays about the same for each car....If you look at the mathematical formula that is used when dealing with a car salesman/finance officer....it is an EQUATION.... it balances out no matter what. If they give you $2500 on an old trade in...they are doing one of two things on the other side, raising the interest rate or lowering it but keeping the price of the car higher. If they raise the rate, the price of the car may go down...fooling you into thinking you've got a deal...then when you get to the bottom line (unless you're smart)...you're still paying about just the same as the next person....

Economics....

 

[Da_Sperm]

J4J, that is the very simple truth.

 

[Makaho 2.0]

It all amounts to the same thing...the burger costs more, but the workers get paid more.

In my economics class, I learned that is ALL about what you can make the public BELIEVE. They believe they are richer with $2 more per hour. Well when that is waged against the costs of food/gas/living, they really have not gained anything. IT IS PERCEPTION. By the time they figure out that they REALLY don't have more, they have already spent what they don't have...they will make more credit purchases with higher interest rates...or temporarily lower rates...and save less...It helps out the FEDs...It is a big cycle....


Just like with buying cars... most people don't realize that everybody (almost) pays about the same for each car....If you look at the mathematical formula that is used when dealing with a car salesman/finance officer....it is an EQUATION.... it balances out no matter what. If they give you $2500 on an old trade in...they are doing one of two things on the other side, raising the interest rate or lowering it but keeping the price of the car higher. If they raise the rate, the price of the car may go down...fooling you into thinking you've got a deal...then when you get to the bottom line (unless you're smart)...you're still paying about just the same as the next person....

Economics....

Outstanding.......

 

[JSU/99]

It all amounts to the same thing...the burger costs more, but the workers get paid more.

In my economics class, I learned that is ALL about what you can make the public BELIEVE. They believe they are richer with $2 more per hour. Well when that is waged against the costs of food/gas/living, they really have not gained anything. IT IS PERCEPTION. By the time they figure out that they REALLY don't have more, they have already spent what they don't have...they will make more credit purchases with higher interest rates...or temporarily lower rates...and save less...It helps out the FEDs...It is a big cycle....


Just like with buying cars... most people don't realize that everybody (almost) pays about the same for each car....If you look at the mathematical formula that is used when dealing with a car salesman/finance officer....it is an EQUATION.... it balances out no matter what. If they give you $2500 on an old trade in...they are doing one of two things on the other side, raising the interest rate or lowering it but keeping the price of the car higher. If they raise the rate, the price of the car may go down...fooling you into thinking you've got a deal...then when you get to the bottom line (unless you're smart)...you're still paying about just the same as the next person....

Economics....

This balance you speak of only works if wages are raised along with the cost of goods. I'm not sure about perception, but the REALITY is that the cost of living is constantly rising while wages are staying the same. We need some sort of increase to balance that. What's the point in having a minimum wage if its not adjusted periodically to account for cost increases?

 

[jag4life]

So cut out the middle man and let em stay thinking they are as poor as they actually are, huh? I wonder if plant workers are getting raises according to how high oil prices are getting? (I know they are not paid minimum wage, but J4J's post is about raises).

Also, your argument about automobile interest rates would hold no merit for someone with separate financing from the dealer.

 

[MsJag4Jag]

Makaho: You're gon' make me cry! Hee hee!

Sperm: Thank you.

JSU/99: Yes, if goods are raised along with the wages...However, the federal government isn't thinking about anyone in particular. They are trying to be sure they keep the cycle going. The cycle makes the economy move. Think about when 9/11 happened...that fear could have potentially paralyzed America. People would have stopped buying and started saving...but notice what Bush did....He told people they were getting an INCOME TAX BREAK when most of America received that little $300 check...It was to spur spending. What people didn't know about that check was...he was giving most people back money they will have gotten back in taxes the following year anyway...OR if they had to pay...it only increased what they owed the following year. Bush told America to go on with life and not be afraid...keep living like America does. Why? He's got to keep the economy lively...No spending ....no loans....etc...can cause some trouble.

Jag4Life: I agree that my comments about the car were dealing specifically with dealer financing. The comment you made is true for separate financing, but believe me they have a cycle too. It is only slightly better.