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

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...

Guy it takes less than 30 dollars to make a pair of Nike's overseas. The company turns around and sell these shoes for 150-200 in the states. When I was in the USAF going overseas I could buy a pair of Nike's for under 50 bucks.
Nike does not save you money by outsourcing overseas. They save themselves money, you still pay up your ass.

Go home Ben, you're drunk and your story is bullshit!

An article suggesting the $15-an-hour minimum wage was a factor in some recent Seattle restaurant closures caught fire with national and conservative media this week. The only problem: When we asked the restaurateurs in question, they said it’s flat wrong.

http://www.seattletimes.com/seattle-news/politics/truth-needle-is-15-wage-dooming-seattle-restaurants-owners-say-no/

http://www.forbes.com/sites/rickungar/2015/03/22/minimum-wage-increase-killing-seattle-restaurants-anatomy-of-a-lie-from-inside-the-bubble/

@Uncle Ben ..you give someone a job, the expectation:

• they will be there on time, do their job and work their 40.
• clean, appropriately attired and rested (had breakfast) to meet employment demands
• you pay them $7.25/hour = $290/week = $1256.66666666666/month

not everywhere is texas (thank god, not anywhere, in fact)..i've noticed the pricing in your wal-marts..you guys are luck-eeeeeee! but going to a similar demographic like nofla? the wa-marts have the same pricing as sofla.

my rent is $1050 for 980/sqft in a rental building..not a 'property' with amenities.

schuylaar said:

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.

Click to expand...

The only thing killing America is the likes of Obama and his smug "you didn't build that" bullshit. I'd say America is doing fine in spite of Obama although the stats say otherwise. The only sector that's strong is Wall Street. Main street is still suffering.

londonfog said:

Guy it takes less than 30 dollars to make a pair of Nike's overseas. The company turns around and sell these shoes for 150-200 in the states. When I was in the USAF going overseas I could buy a pair of Nike's for under 50 bucks.
Nike does not save you money by outsourcing overseas. They save themselves money, you still pay up your ass.

Click to expand...

precisely. it's not just enough to have a positive bottom line..they need an excessive positive to fulfill the demands of the nasdaq composite.

Uncle Ben said:

The only thing killing America is the likes of Obama and his smug "you didn't build that" bullshit. I'd say America is doing fine in spite of Obama although the stats say otherwise. The only sector that's strong is Wall Street. Main street is still suffering.

Click to expand...

strawman.

back to OP.

travisw said:

Go home Ben, you're drunk and your story is bullshit!

An article suggesting the $15-an-hour minimum wage was a factor in some recent Seattle restaurant closures caught fire with national and conservative media this week. The only problem: When we asked the restaurateurs in question, they said it’s flat wrong.

http://www.seattletimes.com/seattle-news/politics/truth-needle-is-15-wage-dooming-seattle-restaurants-owners-say-no/

http://www.forbes.com/sites/rickungar/2015/03/22/minimum-wage-increase-killing-seattle-restaurants-anatomy-of-a-lie-from-inside-the-bubble/

Click to expand...

+rep

travisw said:

Go home Ben, you're drunk and your story is bullshit!

An article suggesting the $15-an-hour minimum wage was a factor in some recent Seattle restaurant closures caught fire with national and conservative media this week. The only problem: When we asked the restaurateurs in question, they said it’s flat wrong.

http://www.seattletimes.com/seattle-news/politics/truth-needle-is-15-wage-dooming-seattle-restaurants-owners-say-no/

http://www.forbes.com/sites/rickungar/2015/03/22/minimum-wage-increase-killing-seattle-restaurants-anatomy-of-a-lie-from-inside-the-bubble/

Click to expand...

I didn't write it, Forbes did - "Forbes reported: “Restaurants are closing at higher than normal rates.”

"On the national level, six years after the “end” of the Great Recession, wages are still anemic. In April, hourly wages rose 0.1 percent, prompting the New York Times to run a story in May about how “the growth in jobs failed to translate, once again, into any significant improvement in pay.” So, even if you believe the government’s data on job increases, there is no way to avoid the reality that wages are stagnant. Across America, employers are keeping wages low in order to eek out a profit."

How about that shit The Rolling Stone rag made up regarding the alleged University of Virginia "gang rape" that was totally false, NEVER asking the key players, with no senior editor checking it out before it was released. That's a failure in journalism at its best.

schuylaar said:

@Uncle Ben ..you give someone a job, the expectation:

• they will be there on time, do their job and work their 40.
• clean, appropriately attired and rested (had breakfast) to meet employment demands
• you pay them $7.25/hour = $290/week = $1256.66666666666/month

not everywhere is texas (thank god, not anywhere, in fact)..i've noticed the pricing in your wal-marts..you guys are luck-eeeeeee! but going to a similar demographic like nofla? the wa-marts have the same pricing as sofla.

my rent is $1050 for 980/sqft in a rental building..not a 'property' with amenities.

Click to expand...

Your rent and what wage offer someone accepts is not my problem unless I'm doing the hiring and its certainly isn't the business of a bunch of have-nots. Everyone makes choices.

Now, what business did you say you own, manage, whatever?

Until you've run a business, you really don't know shit.

Uncle Ben said:

I didn't write it, Forbes did - "Forbes reported: “Restaurants are closing at higher than normal rates.”

"On the national level, six years after the “end” of the Great Recession, wages are still anemic. In April, hourly wages rose 0.1 percent, prompting the New York Times to run a story in May about how “the growth in jobs failed to translate, once again, into any significant improvement in pay.” So, even if you believe the government’s data on job increases, there is no way to avoid the reality that wages are stagnant. Across America, employers are keeping wages low in order to eek out a profit."

How about that shit The Rolling Stone rag made up regarding the alleged University of Virginia "gang rape" that was totally false, NEVER asking the key players, with no senior editor checking it out before it was released. That's a failure in journalism at its best.

Click to expand...

what does any of this have to do with OP?

Uncle Ben said:

Your rent and what wage offer someone accepts is not my problem unless I'm doing the hiring and its certainly isn't the business of a bunch of have-nots. Everyone makes choices.

Now, what business did you say you own, manage, whatever?

Until you've run a business, you really don't know shit.

Click to expand...

how are you with roots and radicals?..businessmen seek me out for consulting, including those from texas.

londonfog said:

Guy it takes less than 30 dollars to make a pair of Nike's overseas. The company turns around and sell these shoes for 150-200 in the states. When I was in the USAF going overseas I could buy a pair of Nike's for under 50 bucks.
Nike does not save you money by outsourcing overseas. They save themselves money, you still pay up your ass.

Click to expand...

Since I don't buy or wear Nike's, I could care less. Like I said, everyone makes choices.

I guarantee if you gave those shoe making jobs to some Wisconsin labor union.....you'd be wearing $500 Nike's....and they'd probably fall apart within a month.

Uncle Ben said:

Your rent and what wage offer someone accepts is not my problem unless I'm doing the hiring and its certainly isn't the business of a bunch of have-nots. Everyone makes choices.

Now, what business did you say you own, manage, whatever?

Until you've run a business, you really don't know shit.

Click to expand...

How does paying someone 5 dollars an hour help the economy ? That worker now has even less to spend and put back into the economy. We in turn will have to pay out more in social programs. Where in the hell do you get you logic ?
]

Uncle Ben said:

I didn't write it, Forbes did - "Forbes reported: “Restaurants are closing at higher than normal rates.”

"On the national level, six years after the “end” of the Great Recession, wages are still anemic. In April, hourly wages rose 0.1 percent, prompting the New York Times to run a story in May about how “the growth in jobs failed to translate, once again, into any significant improvement in pay.” So, even if you believe the government’s data on job increases, there is no way to avoid the reality that wages are stagnant. Across America, employers are keeping wages low in order to eek out a profit."

How about that shit The Rolling Stone rag made up regarding the alleged University of Virginia "gang rape" that was totally false, NEVER asking the key players, with no senior editor checking it out before it was released. That's a failure in journalism at its best.

Click to expand...

Forbes is not an objective source of business information and never has been.

The conservative movement has now stooped to eating its own young in an effort to maintain profit margins. It's the Great Depression all over again.

londonfog said:

How does paying someone 5 dollars an hour help the economy ? That worker now has even less to spend and put back into the economy. We in turn will have to pay out more in social programs. Where in the hell do you get you logic ?
]

Click to expand...

From Fox Spews, of course- another media outlet with anything but objective reporting as its goal.

schuylaar said:

how are you with roots and radicals?..businessmen seek me out for consulting, including those from texas.

Click to expand...

Of course.

For the record since you brought it up (for effect), I've never met a consultant that wasn't either a great salesman (translation- blowhard), poser, or worse the indirect cause for a business failure. I fired my Edward Jones financial planner for being a control freak and never offering an exit strategy. Got tired of reminding him "it's my money". I played the market, made money, and took my 6 figure account and went elsewhere never giving notice of my intent. Took a week to get a call from the corporate office going WTF?

Uncle Ben said:

Since I don't buy or wear Nike's, I could care less. Like I said, everyone makes choices.

I guarantee if you gave those shoe making jobs to some Wisconsin labor union.....you'd be wearing $500 Nike's....and they'd probably fall apart within a month.

Click to expand...

So you insult American workers to make your point? The best excuse you can come up with is you don't buy Nikes?

The definition of stupid is someone who has access to the appropriate resources yet chooses to ignore the facts.

Uncle Ben said:

Of course.

For the record since you brought it up (for effect), I've never met a consultant that wasn't either a great salesman (translation- blowhard), poser, or worse the indirect cause for a business failure. I fired my Edward Jones financial planner for being a control freak and never offering an exit strategy. Got tired of reminding him "it's my money". I played the market, made money, and took my 6 figure account and went elsewhere never giving notice of my intent. Took a week to get a call from the corporate office going WTF?

Click to expand...

shame on your financial adviser..they're scum anyway and don't do any real work or offer up anything of value..good for you on going elsewhere..i'm a schwab fan, myself.

Uncle Ben said:

Of course.

For the record since you brought it up (for effect), I've never met a consultant that wasn't either a great salesman (translation- blowhard), poser, or worse the indirect cause for a business failure. I fired my Edward Jones financial planner for being a control freak and never offering an exit strategy. Got tired of reminding him "it's my money". I played the market, made money, and took my 6 figure account and went elsewhere never giving notice of my intent. Took a week to get a call from the corporate office going WTF?

Click to expand...

Strawman.

ttystikk said:

Forbes is not an objective source of business information and never has been.

The conservative movement has now stooped to eating its own young in an effort to maintain profit margins. It's the Great Depression all over again.

Click to expand...

Speak for yourself. It's not the great depression for me. We've got so much money we don't know what to do with it. Not bragging, it's a fact. 40 years of planning, investing, and making solid purchases in real estate including a retirement pension and money coming in here and there has paid off well.

Your problem is you're trying to rely on a liberal government to solve your financial problems. It's never gonna happen and that's what conservatives are trying to teach you - to be self sufficient by thinking for yourself, owning your failures, making money, etc.