The positive, economic effect of lowering the minimum wage to $0

Uncle Ben

Uncle Ben

Well-Known Member
Seattle more than doubled minimum wage to $15/hr. which failed and now liberal LA.

http://townhall.com/columnists/katiekieffer/2015/05/25/lower-minimum-wage-to-0-n2002914

After the city of Seattle, Washington raised its minimum wage to $15, Forbes reported: “Restaurants are closing at higher than normal rates.”

"You are left with two choices. You can enjoy tapping your foot in line at your favorite burger joint as you wait for that cheeseburger, soda and fries that used to take three minutes and now takes 15 due to staff reductions. You can accept mediocrity as the new reality of American retail service. Or, you can speak up in defense of a $0 minimum wage and an America where bureaucrats do not force entrepreneurs to over-pay burger flippers. It’s a juicy choice to ponder as you grill out on Memorial Day."
 
Rob Roy

Rob Roy

Well-Known Member
If commerce were not regulated (cronyistic protectionsim via government edict) that same burger flipper could set up a grill on his front yard and open his own business. If he made a good product, or a bad product, the free market would sort out the income part.

If somebody shit on his lawn, he could kick their ass out in a hurry too.
 
TBoneJack

TBoneJack

Well-Known Member
Uncle Ben said:
Seattle more than doubled minimum wage to $15/hr. which failed and now liberal LA.

http://townhall.com/columnists/katiekieffer/2015/05/25/lower-minimum-wage-to-0-n2002914

After the city of Seattle, Washington raised its minimum wage to $15, Forbes reported: “Restaurants are closing at higher than normal rates.”

"You are left with two choices. You can enjoy tapping your foot in line at your favorite burger joint as you wait for that cheeseburger, soda and fries that used to take three minutes and now takes 15 due to staff reductions. You can accept mediocrity as the new reality of American retail service. Or, you can speak up in defense of a $0 minimum wage and an America where bureaucrats do not force entrepreneurs to over-pay burger flippers. It’s a juicy choice to ponder as you grill out on Memorial Day."
Click to expand...
I've often wondered how businesses would cope with slimmer profit margins due to higher min wages.

There's no way I'm paying $10 for a "slow" fast food chicken sandwich and waffle fries. I'll take my own lunch to work every day before I'll do that.
 
Rob Roy

Rob Roy

Well-Known Member
TBoneJack said:
I've often wondered how businesses would cope with slimmer profit margins due to higher min wages.

There's no way I'm paying $10 for a "slow" fast food chicken sandwich and waffle fries. I'll take my own lunch to work every day before I'll do that.
Click to expand...
Don't some kids get in trouble at government schools for the contents of their brought from home lunches ?

What is to prevent them from making people purchase food from them and only them? Prevent people from growing their own food?
 
S

schuylaar

Well-Known Member
Uncle Ben said:
Seattle more than doubled minimum wage to $15/hr. which failed and now liberal LA.

http://townhall.com/columnists/katiekieffer/2015/05/25/lower-minimum-wage-to-0-n2002914

After the city of Seattle, Washington raised its minimum wage to $15, Forbes reported: “Restaurants are closing at higher than normal rates.”

"You are left with two choices. You can enjoy tapping your foot in line at your favorite burger joint as you wait for that cheeseburger, soda and fries that used to take three minutes and now takes 15 due to staff reductions. You can accept mediocrity as the new reality of American retail service. Or, you can speak up in defense of a $0 minimum wage and an America where bureaucrats do not force entrepreneurs to over-pay burger flippers. It’s a juicy choice to ponder as you grill out on Memorial Day."
Click to expand...
texas fail again.

1. when was the last time you really had to wait for food?
2. cash businesses close and re-open with is an EIN/SUI clearing move all the time.
3. rules and regs are in place because of abusive employer practices.

employers are the issue, if you don't believe me, see #2 again..they're tricky little devils:fire:

thread over. next?
 
Rob Roy

Rob Roy

Well-Known Member
schuylaar said:
texas fail again.

1. when was the last time you really had to wait for food?
2. cash businesses close and re-open with is an EIN/SUI clearing move all the time.
3. rules and regs are in place because of abusive employer practices.

employers are the issue, if you don't believe me, see #2 again..they're tricky little devils:fire:

thread over. next?
Click to expand...

So if the cost to an employer rises, do they normally swallow the increase or raise their prices?

Thread not over. Your illusion has been suspended.
 
S

schuylaar

Well-Known Member
TBoneJack said:
I've often wondered how businesses would cope with slimmer profit margins due to higher min wages.

There's no way I'm paying $10 for a "slow" fast food chicken sandwich and waffle fries. I'll take my own lunch to work every day before I'll do that.
Click to expand...
don't worry about that..you have the 'rightie double-standard'.

bottom line will not be 'slimmer' due to increase in minimum wage.

but if you want to do the real math..i'm game..Excel Spreadsheet ready to go!

c'mon let's pretend..average small business 15 EE's?..how much do they make?

let's put our money where our mouth is..shall we?
 
TBoneJack

TBoneJack

Well-Known Member
schuylaar said:
don't worry about that..you have the 'rightie double-standard'.

bottom line will not be 'slimmer' due to increase in minimum wage.

but if you want to do the real math..i'm game..Excel Spreadsheet ready to go!

c'mon let's pretend..average small business 15 EE's?..how much do they make?

let's put our money where our mouth is..shall we?
Click to expand...
EEs at my company start at about $70,000 straight out of college. After that, it depends upon whether you go into project management or stay in engineering.

The average EE in an actual engineering job at my company makes about $70,000-150,000. Depending upon experience.

So now I'll defer to your spreadsheet, and let's see what you come up with.

Run some numbers for low-to-middle-class incomes as well.
 
D

dabadaba

Active Member
Uncle Ben said:
Seattle more than doubled minimum wage to $15/hr. which failed and now liberal LA.

http://townhall.com/columnists/katiekieffer/2015/05/25/lower-minimum-wage-to-0-n2002914

After the city of Seattle, Washington raised its minimum wage to $15, Forbes reported: “Restaurants are closing at higher than normal rates.”

"You are left with two choices. You can enjoy tapping your foot in line at your favorite burger joint as you wait for that cheeseburger, soda and fries that used to take three minutes and now takes 15 due to staff reductions. You can accept mediocrity as the new reality of American retail service. Or, you can speak up in defense of a $0 minimum wage and an America where bureaucrats do not force entrepreneurs to over-pay burger flippers. It’s a juicy choice to ponder as you grill out on Memorial Day."[/QUOTE



Free market wages for the poor can not work in an illegal alien amnesty zone like California.
Click to expand...
 
S

schuylaar

Well-Known Member
TBoneJack said:
EEs at my company start at about $70,000 straight out of college. After that, it depends upon whether you go into project management or stay in engineering.

The average EE in an actual engineering job at my company makes about $70,000-150,000. Depending upon experience.

So now I'll defer to your spreadsheet, and let's see what you come up with.

Run some numbers for low-to-middle-class incomes as well.
Click to expand...
this conversation is not about salaried individuals, TB.
 
Uncle Ben

Uncle Ben

Well-Known Member
Rob Roy said:
Don't some kids get in trouble at government schools for the contents of their brought from home lunches ?
Click to expand...
Say what? Kids don't bring their taxpayer funded school lunches home, they never make it past the garbage can. Thanks to the gov. nanny millions of tons of food are thrown away daily by bratty kids who won't eat their healthy serving of baked chicken and broccoli. They want pizza and frito chili pie.

Gov. needs to get out of our lives. Mandating a minimum wage is nothing more than tyranny and a perfect example of how public employees screw with private business. You can't blame a corporation for using a good solution such as out sourcing labor to Mexico, Philipines, and China. It only makes good business sense....to those of us who understand business. ;)
 
S

schuylaar

Well-Known Member
Uncle Ben said:
Say what? Kids don't bring their taxpayer funded school lunches home, they never make it past the garbage can. Thanks to the gov. nanny millions of tons of food are thrown away daily by bratty kids who won't eat their healthy serving of baked chicken and broccoli. They want pizza and frito chili pie.

Gov. needs to get out of our lives. Mandating a minimum wage is nothing more than tyranny and a perfect example of how public employees screw with private business. You can't blame a corporation for using a good solution such as out sourcing labor to Mexico, Philipines, and China. It only makes good business sense....to those of us who understand business. ;)
Click to expand...
when you outsource to another country, you take away jobs here (obviously)..you are one of the people that we must protect EE's from..look up intrustrial revolution age around the 1870's-1930's and you'll see just who the tyrant is..
 
S

schuylaar

Well-Known Member
Uncle Ben said:
That's right. It's about stupidity.
Click to expand...
i said i'd run a spreadsheet for hourly just to prove that your bottom line will increase by increasing the minimum wage.

no one is willing to take this on because they know i'm correct. numbers don't lie. it's the universal language that everyone can understand regardless of personal language.

this is why it's everything STEM.
 
Uncle Ben

Uncle Ben

Well-Known Member
schuylaar said:
i said i'd run a spreadsheet for hourly just to prove that your bottom line will increase by increasing the minimum wage.

no one is willing to take this on because they know i'm correct. numbers don't lie. it's the universal language that everyone can understand regardless of personal language.

this is why it's everything STEM.
Click to expand...
Other than posting RIU shit, what is your business? You do own a business, right?

No you don't.

Outsourcing saves YOU money by producing Nike's and your Smartphone cheaper. The savings are passed onto you or the shareholders.
 
Uncle Ben

Uncle Ben

Well-Known Member
Spreadsheets are about as useless as the computer models "scientists" use to show that global warming is caused by humans. Where's your balance sheet, proof of losses or gains?
 
S

schuylaar

Well-Known Member
Uncle Ben said:
Other than posting RIU shit, what is your business? You do own a business, right?

No you don't.

Outsourcing saves YOU money by producing Nike's and your Smartphone cheaper. The savings are passed onto you or the shareholders.
Click to expand...
you don't know me, ben and you have know idea who i am or what i've done in my life..i've made more money legally than you will in your cash cropping career.

outsourcing also kills america.
 
S

schuylaar

Well-Known Member
Uncle Ben said:
Spreadsheets are about as useless as the computer models "scientists" use to show that global warming is caused by humans. Where's your balance sheet, proof of losses or gains?
Click to expand...
why do you think the marginally wealthy aka 'the poor' spend almost every dollar they earn and usually right back to their employers pockets?

the system is set this way via means of production..it's the total wal-mart dcotrine see art pope industries in north carolina he does the same thing on a smaller scale.

aka slave.
 
You must log in or register to reply here.
Top