$10.10. A killer for the rich.

[protectionist]

salaries are not a "tax deduction" they are on the expense side of your Schedule C. income minus expenses = taxable profit.

when a business is forced to increase its labor cost, its profit goes down unless it increases the price of its products by a like amount.

but this whole minimum wage discussion is a red herring, only 1% of american workers make minimum wage and the vast majority of them are part time teens.

its a false issue pushed by the dems and media as a way to divide the country.

Now that is funny. You think MacDonald s and Walmart file sch C's? LMAO.

1% (your number) makes minimum wage. And yet that one percent is going to severely impact the profitability of multi billion dollar companies. What you mean to say is that the top 3 percent of executives might not get their multi million dollar bonuses. Like any one should give a flying fuck if some executive who is already overpaid doesn't get his millions in bonus.

But back to that 1% comment. Why in the hell are you repubs so batshit crazy over a minimal wage increase for 1% of the workforce?

Don't you think that makes you all look a little petty?

Of course McDonalds restaurants file Schedule C's. every small and large business has to do that.

The point is that raising the minimum wage will cause these businesses to either reduce staff or raise the price of a burger. Do you think an individual McDonalds makes a high profit margin and can just absorb higher labor costs?

It will have zero affect on the CEO's bonus. It will only affect the part timers who are let go and/or the consumers of burgers who will have to pay more for each burger.

Its really a tiny issue that has been blown up to create another wedge issue between the rich and poor. Its propaganda.

How can so many people be so incredibly IGNORANT about simple business economics ? Good lord! Didn't any of you people ever go to school ? Sellers CAN'T raise prices. Sellers CAN'T reduce staff. And YES, sellers CAN absorb higher labor costs. Ever hear of higher disposable income ? Ever hear of increased SALES$$$ ? Pheeeeeeeww!! (high-pitched whistle) Go back and read the thread. I've explained this all 20 times now. Get with it, guys!! You all are clearly not prepared for this discussion.

 

[mudwhistle]

What is a "winger assumption"? Do you know about Project Paperclip? MK Ultra? No Gun Ri? Tonkin Gulf? My Lai? The Pentagon Papers? Operation Ajax? Operation Cyclone? Ishaqi? Haditha? Abu Ghraib? Operation Phantom Fury which included using white phosphorus on Fallujah? Do you know about any of the fucked up shit that the US has done in the pursuit of "Full Spectrum Dominance"?

The Bush administration used chemical weapons against Iraq after invading Iraq to disarm chemical weapons that weren't there.
Pentagon Used White Phosphorous in Iraq
George Monbiot: US used chemical weapons in Iraq, then lied | Politics | The Guardian
BBC NEWS | Middle East | US used white phosphorus in Iraq
U.S. Broadcast Exclusive?"Fallujah: The Hidden Massacre" on the U.S. Use of Napalm-Like White Phosphorus Bombs | Democracy Now!
https://www.law.upenn.edu/journals/jlasc/articles/volume10/issue1/Reyhan10U.Pa.J.L.&Soc.Change1%282007%29.pdf
November 2004 Fight in Fallujah - Seven Years in Iraq: An Iraq War Timeline - TIME
law.unh.edu/assets/images/uploads/publications/pierce-law-review-vol06-no2-tessier.pdf

But it's all just liberal media propaganda, right? Trillions spent on torture and mass murder while "job creators" send all of our production jobs overseas, and you think that raising the minimum wage is going to hurt America?

Yes, rising wages along with higher taxes, government red-tape pushed jobs overseas.

Why do you think that manufacturers moved their production to Mexico and China?

Unions.

Unions increased the cost of manpower so much that many companies moved their factories to countries that don't have unions.

 

[protectionist]

Obama is trying to show folks that he cares about them by raising the minimum-wage. He's only doing it because businesses know raising the MW will destroy jobs. And who supports businesses? Republicans.

Maybe 200,000 people make minimum-wage. The only effect this will have is further job cuts when we need job growth. Every time the Dems get into trouble they go back to the same destructive policies. Raise the MW, promise a new expensive program for the poor or for select groups like minorities and women, and telling everyone how much you care for them with your warm and fuzzy rhetoric. BTW, where in America is $10.10/hr a living wage? The only person that can live off of that is a student living with his parents.

Obama lied to us about our health care. He repeatedly lied. When you lie to someone it means you don't respect them and it means you don't care about them. This useless gesture isn't going to convince anyone but a low-information voter that this tyrant gives a damn about them.

The problem with Democrats like Obama is they claim they want to create opportunity when in fact they only want to create dependency. You can't tell me that you really care about people when you stifle growth and create dependency everywhere you go. But that is what Democrats are about.

First off, Obama didn't lie at all. A lie involves telling people something that you know is completely false. Like when Bush tried to map Iraq to 9/11 or said that aluminum tubing in Iraq was going to be used for nuclear centrifuges. Those are bonafide lies.

Secondly there is no tyrant here. A tyrant would have dissolved congress, like your hero Putin, did.

Third, if minimum wage affect so few people, why the resistance?


Nothing you post makes any sense whatsoever.

Minimum wage has been one of the factors in upward mobility. Which puts on display, for all to see, that you guys are squarely against that and in favor of a caste system.

Right, part time high school burger flippers need upward mobility, and all this time I thought that was why they were in school.

The Bureau of Labor Statistics reports that median age of "combined food preparation and serving workers," a category that includes your average McDonald's hand, is about 29.

Also in a study of fast food workers the 25-54 age groups was the largest age group (36.4%), with the 20-24 age group second at 30.7%. The teenage group was third with even less than the 20-24 group.

http://cdn.theatlantic.com/static/mt/assets/business/CEPR_Fast_Food_Ages.jpg

 

[protectionist]

$10.10 minimum wage will not impact the rich one bit. It will hurt small service business and retail industries.

FALSE! Exactly the opposite is true, as I just explained in the previous post (# 292)

One of your statements in post 292 was <<<The paradoxical thing about about it is though, that almost all business will GAIN from a minimum wage raise (not lose),>>> it seemed you believe a general improvement in the economy from a minimum wage increase (an issue in which there is no consensus among economists) will apply to almost all businesses.

That of course is just preposterous, there would be winners an losers not all winners as you seem to believe.

The losers being the businesses impacted by higher wage costs, often unable to raise their prices...eg a small retail specialty shop still having to compete against the Internet...or a cleaning services company with long term contracts.

This post is what is "preposterous". First, NO I do not "seem to believe"that there would be "all winners". You said that, I didn't.

Quite the contrary, THIS is what I said (in Post # 292) >> "The paradoxical thing about about it is though, that almost all business will GAIN from a minimum wage raise.."

As for your illustrious economists, I might present a better reference. Try the very impressive US GDP growths of the late 70s when the MW was increased every year, as well as the similar impressive ones during the mid 90s, when the MW was also increased. Proof in the pudding is always better than a few well paid "economists" (or is it mouthpieces ?)

Sure, some (relatively few) companies might have lesser gains and some possibly even experience losses (typically the oil companies, gas stations, and supermarkets I mentioned). I would hope some hardship clause could be written in the law for these companies if a loss could be deemed significant.

And as I noted in Post # 284, when a MW hike from $4/hour to $6/hour (a whopping 50% increase), was proposed in Florida in the early 90s by then state Sen. Jack Gordon, it was not opposed by 99% of Florida businesses. Only ones that opposed it were supermarkets. Can you guess why only THEM ?

 

[protectionist]

What is a "winger assumption"? Do you know about Project Paperclip? MK Ultra? No Gun Ri? Tonkin Gulf? My Lai? The Pentagon Papers? Operation Ajax? Operation Cyclone? Ishaqi? Haditha? Abu Ghraib? Operation Phantom Fury which included using white phosphorus on Fallujah? Do you know about any of the fucked up shit that the US has done in the pursuit of "Full Spectrum Dominance"?

The Bush administration used chemical weapons against Iraq after invading Iraq to disarm chemical weapons that weren't there.
Pentagon Used White Phosphorous in Iraq
George Monbiot: US used chemical weapons in Iraq, then lied | Politics | The Guardian
BBC NEWS | Middle East | US used white phosphorus in Iraq
U.S. Broadcast Exclusive?"Fallujah: The Hidden Massacre" on the U.S. Use of Napalm-Like White Phosphorus Bombs | Democracy Now!
https://www.law.upenn.edu/journals/jlasc/articles/volume10/issue1/Reyhan10U.Pa.J.L.&Soc.Change1%282007%29.pdf
November 2004 Fight in Fallujah - Seven Years in Iraq: An Iraq War Timeline - TIME
law.unh.edu/assets/images/uploads/publications/pierce-law-review-vol06-no2-tessier.pdf

But it's all just liberal media propaganda, right? Trillions spent on torture and mass murder while "job creators" send all of our production jobs overseas, and you think that raising the minimum wage is going to hurt America?

Yes, rising wages along with higher taxes, government red-tape pushed jobs overseas.

Why do you think that manufacturers moved their production to Mexico and China?

Unions.

Unions increased the cost of manpower so much that many companies moved their factories to countries that don't have unions.

Union wages is a different item that MW raises. Union wages hikes only affect a small particular group of workers, and the increased disposable income created can vary from NONE to a great amount. However, it is only in very small communities that have a large number of workers in that particular union that would be helped by the DI increase from that union wage hike. In other towns where there's nobody in that union (UMW for instance), the union wage hike ct=reates no increase in DI at all.

A MW hike however is extensive, and DI increases (and the associated increased SALES$$$) can be expected all over the country, regardless of the type of industries any city or town has.

 

[protectionist]

$4t+ spent torturing Iraqis for absolutely no reason, and fiscally responsible Conservatives want to complain about a minimum wage.

With al Qaeda now gaining control over key cities in Iraq, it's beginning to look like the Iraq war might have had a worthwhile purpose after all (whether we ever thought of it or not). Now the US is sending arms to Iraq again.

 

[protectionist]

Obama is trying to show folks that he cares about them by raising the minimum-wage. He's only doing it because businesses know raising the MW will destroy jobs. And who supports businesses? Republicans.

Maybe 200,000 people make minimum-wage. The only effect this will have is further job cuts when we need job growth. Every time the Dems get into trouble they go back to the same destructive policies. Raise the MW, promise a new expensive program for the poor or for select groups like minorities and women, and telling everyone how much you care for them with your warm and fuzzy rhetoric. BTW, where in America is $10.10/hr a living wage? The only person that can live off of that is a student living with his parents.

Obama lied to us about our health care. He repeatedly lied. When you lie to someone it means you don't respect them and it means you don't care about them. This useless gesture isn't going to convince anyone but a low-information voter that this tyrant gives a damn about them.

The problem with Democrats like Obama is they claim they want to create opportunity when in fact they only want to create dependency. You can't tell me that you really care about people when you stifle growth and create dependency everywhere you go. But that is what Democrats are about.

First off, Obama didn't lie at all. A lie involves telling people something that you know is completely false. Like when Bush tried to map Iraq to 9/11 or said that aluminum tubing in Iraq was going to be used for nuclear centrifuges. Those are bonafide lies.

Secondly there is no tyrant here. A tyrant would have dissolved congress, like your hero Putin, did.

Third, if minimum wage affect so few people, why the resistance?


Nothing you post makes any sense whatsoever.

Minimum wage has been one of the factors in upward mobility. Which puts on display, for all to see, that you guys are squarely against that and in favor of a caste system.

It 'affects' few people directly by the pay.. 'affects' the entire wage structure thru the trickle 'affect', as explained SO many times.. it does nothing but change the floor of the system in terms of a number, decreases jobs as it becomes cheaper to automate than have a 30% increase in wages, and increases the costs of goods and services

Idiot

1. It affects far more people than those actually receiving Minimum wage.

2. Automation is not always economical, nor is it applicable to many jobs. Try automating a landscaping crew.

3. MW has NO EFFECT on costs of goods and services, as I must have explained 100 times in this thread (is anybody reading it ?)

 

[protectionist]

Reagan sold weapons and supplies to Saddam Hussein.
Exclusive: CIA Files Prove America Helped Saddam as He Gassed Iran
OFFICERS SAY U.S. AIDED IRAQ IN WAR DESPITE USE OF GAS - NYTimes.com
Report: Reagan Gave Military Aid to Iraq | Fox News
Once-secret Reagan administration documents on Iraq - CNN.com

Desert Storm was a lie. OIF was a lie. Read about Operation Cyclone.
Operation Cyclone (1979-1989): A Brief Analysis of the U.S. Involvement in the Soviet-Afghan War | Nolan Kraszkiewicz - Academia.edu

"No military sponsored torture of Iraq"? The entire illegal invasion and ten years of constant war are torture for Iraqi families, let alone the US aid that kept Saddam Hussein in power for so long.

 

[American Horse]

My point precisely.

The parasites and the socialists see it as another welfare benefit.

The fact that you did not try explain how those on a fixed income or the poor can afford to pay for additional expenses tells me that you are another graduate from the Karl Marx School of Business.

The fact that you haven't tried to explain how raising someones minimum wage will actually hurt them tells us that you're the idiot we can all clearly see you are.

Shouldn't need to explain it to you. It should be common sense. Raising the minimum wage increases the cost of everything. How will those people be able to afford it after inflation?

That's the long term effect but the short term damage is more relevant.

How many kids just out of high school are worth ten bucks an hour? A small business owner will give that $10 per hour work to a ten dollar-capable worker and not hire any entry level kids.

A construction boss will do the same thing ... Or use a higher payed person to squeeze out the marginal production the entry level person would produce. A twenty-dollar an hour skilled man can produce three times to four times what a novice entry level person can do, and the twenty dollar man requires virtually no supervision. A low skilled person requires a lot of supervision to produce worthwhile results.

The black youth EMPLOYMENT rate in Chicago is only 7% while for Hispanic and Whites it's 21%.
Phrased another way, 93% of Black youths in Chicago are not working in any kind of employed capacity.

Will raising the Minimum wage lead to more employment for those or any other kids? Work during the high school years is a tutorial for those kids who can find a job to know what is expected and helps in their transition to work after high school.

" - National research over the past decade has revealed that the absence of in-school work among low to middle income high school students is associated with a higher frequency of dropping out of high school among males, a higher incidence of teenaged childbearing among women, and a greater incidence of juvenile delinquency and arrests. - " (Quote Source)

Raising the Minimum Wage to ten bucks will hurt more than help for those affected.

 

[Redfish]

Wages and salaries paid to employees are tax deductible.

As the minimum wage goes up, so does the tax deduction for those wages.

There is no better tax situation to be in than owning a small business.

salaries are not a "tax deduction" they are on the expense side of your Schedule C. income minus expenses = taxable profit.

when a business is forced to increase its labor cost, its profit goes down unless it increases the price of its products by a like amount.

but this whole minimum wage discussion is a red herring, only 1% of american workers make minimum wage and the vast majority of them are part time teens.

its a false issue pushed by the dems and media as a way to divide the country.

FALSE, FALSE, FALSE, and more FALSE.

1..It is a tax deduction.

2. Most (over 95%) businesses' profits go UP, not down, from MW increase.

3. If a business increases it prices, it LOSES money (SALES$$$) - this can't be a remedy.

4. When MW go up, almost ALL wages go up accordingly. Especially those within a few dollars of the MW.

I seriously suggest that you consider an accounting 101 course. Your ignorance on basic accounting is huge.

1. tax deductions are things that are taken AFTER net profit has been calculated, labor is a cost of doing business, it is a business expense--not a tax deduction

2. prove it

3. Yes, sales go down when prices go up, MW increases cause prices to go up, therefore MW wage increases cause sales to go down

4. what good does it do you if you have more income but everything you buy costs more?

 

[protectionist]

Minimum wage has been one of the factors in upward mobility.......

.....In China, South Korea, and other foreign countries.

I don't see too many workers in those countries being very upwardly mobile. If you're referring to the owners, many of them are moving back to the US, for various reasons.

 

[mudwhistle]

What is a "winger assumption"? Do you know about Project Paperclip? MK Ultra? No Gun Ri? Tonkin Gulf? My Lai? The Pentagon Papers? Operation Ajax? Operation Cyclone? Ishaqi? Haditha? Abu Ghraib? Operation Phantom Fury which included using white phosphorus on Fallujah? Do you know about any of the fucked up shit that the US has done in the pursuit of "Full Spectrum Dominance"?

The Bush administration used chemical weapons against Iraq after invading Iraq to disarm chemical weapons that weren't there.
Pentagon Used White Phosphorous in Iraq
George Monbiot: US used chemical weapons in Iraq, then lied | Politics | The Guardian
BBC NEWS | Middle East | US used white phosphorus in Iraq
U.S. Broadcast Exclusive?"Fallujah: The Hidden Massacre" on the U.S. Use of Napalm-Like White Phosphorus Bombs | Democracy Now!
https://www.law.upenn.edu/journals/jlasc/articles/volume10/issue1/Reyhan10U.Pa.J.L.&Soc.Change1%282007%29.pdf
November 2004 Fight in Fallujah - Seven Years in Iraq: An Iraq War Timeline - TIME
law.unh.edu/assets/images/uploads/publications/pierce-law-review-vol06-no2-tessier.pdf

But it's all just liberal media propaganda, right? Trillions spent on torture and mass murder while "job creators" send all of our production jobs overseas, and you think that raising the minimum wage is going to hurt America?

Yes, rising wages along with higher taxes, government red-tape pushed jobs overseas.

Why do you think that manufacturers moved their production to Mexico and China?

Unions.

Unions increased the cost of manpower so much that many companies moved their factories to countries that don't have unions.

Union wages is a different item that MW raises. Union wages hikes only affect a small particular group of workers, and the increased disposable income created can vary from NONE to a great amount. However, it is only in very small communities that have a large number of workers in that particular union that would be helped by the DI increase from that union wage hike. In other towns where there's nobody in that union (UMW for instance), the union wage hike ct=reates no increase in DI at all.

A MW hike however is extensive, and DI increases (and the associated increased SALES$$$) can be expected all over the country, regardless of the type of industries any city or town has.

A MW hike only does one thing, raise the price of everything else. This causes a domino effect to take place.

Ever wonder why Democrats pushed through a MW increase and an extension of unemployment benefits?

Because they knew that monkeying with wages would cause businesses to close and would cause cutbacks. The first thing any company that wants to stay in business does is cut back on manpower. 30% of their overhead is wages and benefits. This is the easiest thing to cut back on when you're tightening your belt.

When it comes to the consumer, very few of them will see any wage increase, but what they will see is the cost of goods and services going up across the board. The lowest paid employees are in the food services industry. Fewer people will eat out or be able to afford food and they will have to find other ways of feeding their families, thus people in that industry will be laid off.

 

[protectionist]

The fact that you haven't tried to explain how raising someones minimum wage will actually hurt them tells us that you're the idiot we can all clearly see you are.

Shouldn't need to explain it to you. It should be common sense. Raising the minimum wage increases the cost of everything. How will those people be able to afford it after inflation?

That's the long term effect but the short term damage is more relevant.

How many kids just out of high school are worth ten bucks an hour? A small business owner will give that $10 per hour work to a ten dollar-capable worker and not hire any entry level kids.

A construction boss will do the same thing ... Or use a higher payed person to squeeze out the marginal production the entry level person would produce. A twenty-dollar an hour skilled man can produce three times to four times what a novice entry level person can do, and the twenty dollar man requires virtually no supervision. A low skilled person requires a lot of supervision to produce worthwhile results.

The black youth EMPLOYMENT rate in Chicago is only 7% while for Hispanic and Whites it's 21%.
Phrased another way, 93% of Black youths in Chicago are not working in any kind of employed capacity.

Will raising the Minimum wage lead to more employment for those or any other kids? Work during the high school years is a tutorial for those kids who can find a job to know what is expected and helps in their transition to work after high school.

" - National research over the past decade has revealed that the absence of in-school work among low to middle income high school students is associated with a higher frequency of dropping out of high school among males, a higher incidence of teenaged childbearing among women, and a greater incidence of juvenile delinquency and arrests. - " (Quote Source: Report suggests teen unemployment rates in Illinois are higher for low-income blacks, Hispanics | WBEZ 91.5 Chicago)

Raising the MW to ten bucks will hurt more than help for those affected.

I don't know about the rest of you, but I'm not buying a word of this. Hell of a nice format though. E for effort.

 

[Redfish]

Shouldn't need to explain it to you. It should be common sense. Raising the minimum wage increases the cost of everything. How will those people be able to afford it after inflation?

That's the long term effect but the short term damage is more relevant.

How many kids just out of high school are worth ten bucks an hour? A small business owner will give that $10 per hour work to a ten dollar-capable worker and not hire any entry level kids.

A construction boss will do the same thing ... Or use a higher payed person to squeeze out the marginal production the entry level person would produce. A twenty-dollar an hour skilled man can produce three times to four times what a novice entry level person can do, and the twenty dollar man requires virtually no supervision. A low skilled person requires a lot of supervision to produce worthwhile results.

The black youth EMPLOYMENT rate in Chicago is only 7% while for Hispanic and Whites it's 21%.
Phrased another way, 93% of Black youths in Chicago are not working in any kind of employed capacity.

Will raising the Minimum wage lead to more employment for those or any other kids? Work during the high school years is a tutorial for those kids who can find a job to know what is expected and helps in their transition to work after high school.

" - National research over the past decade has revealed that the absence of in-school work among low to middle income high school students is associated with a higher frequency of dropping out of high school among males, a higher incidence of teenaged childbearing among women, and a greater incidence of juvenile delinquency and arrests. - " (Quote Source: Report suggests teen unemployment rates in Illinois are higher for low-income blacks, Hispanics | WBEZ 91.5 Chicago)

Raising the MW to ten bucks will hurt more than help for those affected.

I don't know about the rest of you, but I'm not buying a word of this. Hell of a nice format though. E for effort.

obviously you cannot refute anything he said, so like all liberals, you dodge and run.

 

[mudwhistle]

Minimum wage has been one of the factors in upward mobility.......

.....In China, South Korea, and other foreign countries.

I don't see too many workers in those countries being very upwardly mobile. If you're referring to the owners, many of them are moving back to the US, for various reasons.

Link

 

[Redfish]

Yes, rising wages along with higher taxes, government red-tape pushed jobs overseas.

Why do you think that manufacturers moved their production to Mexico and China?

Unions.

Unions increased the cost of manpower so much that many companies moved their factories to countries that don't have unions.

Union wages is a different item that MW raises. Union wages hikes only affect a small particular group of workers, and the increased disposable income created can vary from NONE to a great amount. However, it is only in very small communities that have a large number of workers in that particular union that would be helped by the DI increase from that union wage hike. In other towns where there's nobody in that union (UMW for instance), the union wage hike ct=reates no increase in DI at all.

A MW hike however is extensive, and DI increases (and the associated increased SALES$$$) can be expected all over the country, regardless of the type of industries any city or town has.

A MW hike only does one thing, raise the price of everything else. This causes a domino effect to take place.

Ever wonder why Democrats pushed through a MW increase and an extension of unemployment benefits?

Because they knew that monkeying with wages would cause businesses to close and would cause cutbacks. The first thing any company that wants to stay in business does is cut back on manpower. 30% of their overhead is wages and benefits. This is the easiest thing to cut back on when you're tightening your belt.

When it comes to the consumer, very few of them will see any wage increase, but what they will see is the cost of goods and services going up across the board. The lowest paid employees are in the food services industry. Fewer people will eat out or be able to afford food and they will have to find other ways of feeding their families, thus people in that industry will be laid off.

the realities of business are of no interest to liberals, raising the MW just feeeeeeeeeeeeels like the right thing to do. Liberals do not think, they emote.

 

[protectionist]

Yes, rising wages along with higher taxes, government red-tape pushed jobs overseas.

Why do you think that manufacturers moved their production to Mexico and China?

Unions.

Unions increased the cost of manpower so much that many companies moved their factories to countries that don't have unions.

Union wages is a different item that MW raises. Union wages hikes only affect a small particular group of workers, and the increased disposable income created can vary from NONE to a great amount. However, it is only in very small communities that have a large number of workers in that particular union that would be helped by the DI increase from that union wage hike. In other towns where there's nobody in that union (UMW for instance), the union wage hike ct=reates no increase in DI at all.

A MW hike however is extensive, and DI increases (and the associated increased SALES$$$) can be expected all over the country, regardless of the type of industries any city or town has.

A MW hike only does one thing, raise the price of everything else. This causes a domino effect to take place.

Ever wonder why Democrats pushed through a MW increase and an extension of unemployment benefits?

Because they knew that monkeying with wages would cause businesses to close and would cause cutbacks. The first thing any company that wants to stay in business does is cut back on manpower. 30% of their overhead is wages and benefits. This is the easiest thing to cut back on when you're tightening your belt.

When it comes to the consumer, very few of them will see any wage increase, but what they will see is the cost of goods and services going up across the board. The lowest paid employees are in the food services industry.

Dude! I'm done playing with you. I've already refuted your idiotic scare talk claims of price increases, 2 times ? 3 ? I've lost count now.

So now you get the challenge questions. Let's see how effectively you DODGE them

1. If you thought that sellers could raise their prices anytime they want, so as to increase income, then why wouldn't they do that BEFORE a MW hike ?

2. If it were possible to increase income by raising prices, then why isn't every product on the shelf selling for a MILLION $$$$$$$$$$$$ ???

3. Is there a certain point at which raising prices would cause sales to drop (to the point where profit would be LESS) ?

4. What do you think determines a price of a product ? Somebody's lucky number ? Somebody's favorite football player's jersey number ?

5. Would different prices have different effects on sales ?

6. Would someone be just as apt to buy a T-shirt for $11, as they would be for $10 ?

7. Have you ever studied business economics ? Even a little bit ?

 

[protectionist]

Union wages is a different item that MW raises. Union wages hikes only affect a small particular group of workers, and the increased disposable income created can vary from NONE to a great amount. However, it is only in very small communities that have a large number of workers in that particular union that would be helped by the DI increase from that union wage hike. In other towns where there's nobody in that union (UMW for instance), the union wage hike ct=reates no increase in DI at all.

A MW hike however is extensive, and DI increases (and the associated increased SALES$$$) can be expected all over the country, regardless of the type of industries any city or town has.

A MW hike only does one thing, raise the price of everything else. This causes a domino effect to take place.

Ever wonder why Democrats pushed through a MW increase and an extension of unemployment benefits?

Because they knew that monkeying with wages would cause businesses to close and would cause cutbacks. The first thing any company that wants to stay in business does is cut back on manpower. 30% of their overhead is wages and benefits. This is the easiest thing to cut back on when you're tightening your belt.

When it comes to the consumer, very few of them will see any wage increase, but what they will see is the cost of goods and services going up across the board. The lowest paid employees are in the food services industry. Fewer people will eat out or be able to afford food and they will have to find other ways of feeding their families, thus people in that industry will be laid off.

the realities of business are of no interest to liberals, raising the MW just feeeeeeeeeeeeels like the right thing to do. Liberals do not think, they emote.

Raising the MW is a benefit to most businesses, and the greater the increase, the greater the increase in SALES$$$. When I owned a business, I practically begged my state legislators to raise the minimum wage, because my biggest (actually ONLY) problem I had was the low wages my potential customers were receiving. They couldn't afford to buy my services. Know why ? Because somebody out there was paying them MW. THAT'S WHY.

 

[Redfish]

A MW hike only does one thing, raise the price of everything else. This causes a domino effect to take place.

Ever wonder why Democrats pushed through a MW increase and an extension of unemployment benefits?

Because they knew that monkeying with wages would cause businesses to close and would cause cutbacks. The first thing any company that wants to stay in business does is cut back on manpower. 30% of their overhead is wages and benefits. This is the easiest thing to cut back on when you're tightening your belt.

When it comes to the consumer, very few of them will see any wage increase, but what they will see is the cost of goods and services going up across the board. The lowest paid employees are in the food services industry. Fewer people will eat out or be able to afford food and they will have to find other ways of feeding their families, thus people in that industry will be laid off.

the realities of business are of no interest to liberals, raising the MW just feeeeeeeeeeeeels like the right thing to do. Liberals do not think, they emote.

Raising the MW is a benefit to most businesses, and the greater the increase, the greater the increase in SALES$$$. When I owned a business, I practically begged my state legislators to raise the minimum wage, because my biggest (actually ONLY) problem I had was the low wages my potential customers were receiving. They couldn't afford to buy my services. Know why ? Because somebody out there was paying them MW. THAT'S WHY.

what product were you trying to sell to part time teenage workers? are you a drug dealer?

if your target was the 1% making minimum wage then you had a pretty shitty business plan.

 

[Indeependent]

the realities of business are of no interest to liberals, raising the MW just feeeeeeeeeeeeels like the right thing to do. Liberals do not think, they emote.

Raising the MW is a benefit to most businesses, and the greater the increase, the greater the increase in SALES$$$. When I owned a business, I practically begged my state legislators to raise the minimum wage, because my biggest (actually ONLY) problem I had was the low wages my potential customers were receiving. They couldn't afford to buy my services. Know why ? Because somebody out there was paying them MW. THAT'S WHY.

what product were you trying to sell to part time teenage workers? are you a drug dealer?

if your target was the 1% making minimum wage then you had a pretty shitty business plan.

Walmart and Western Beef seem to be doing pretty well with that target audience.