$15 minimum wage would destroy 1.4 Million jobs

[danielpalos]

For the last 25 years every increase in the minimum wage was met by two threats from Republicans

That unemployment would go up and that businesses would fail.

Minimum wage hikes don't cause unemployment? Never cause business failures? Link?

Lousy management. Small businesses fail all the time. Only right wingers hate on the Poor instead of recalculating the cost of business for their bottom line.

 

[otto105]

And this is according to the Far Left CBO.

Undoubtably it would be a lot more.

Any poor person who needs to work deserves this shit sandwich they are being served- if they actually voted for the Dems.

Raising minimum wage to $15 would cost 1.4 million jobs, CBO says

Raising the federal minimum wage to $15 an hour would cost 1.4 million jobs over the next four years, according to the Congressional Budget Office.

www.cnbc.com

That's the whole point for the Democrats. They want to transition low-wage workers from private payrolls to government welfare, where they can be more easily controlled and subjugated.

How?

Raising the minimum wage to a level employers won't pay and the market won't tolerate is the most direct method. You didn't think employers were just going to eat those increased labor costs, did you? Of course not, they'll increase prices, automate, or simply decrease staff (most likely, since it costs them nothing to lay people off). This isn't difficult. It's very clear what the end game is here.

Did this happen in Seattle?

Also automation has been happening since machines were invented.

So, an employer will just lay off workers and not think at all about their customers? The increased demand of productivity on remaining ones...

A very shortsightedness

Yes, it happened in Seattle. Businesses went under, or simply passed their increased labor costs to their customers. Since you've never run a business, you don't understand at even a simple level how this works.

Where can I find this opinion online backed by facts?

 

[danielpalos]

Every increase in the minimum wage since 1995 has been followed by significant increases in employment, economic activity, and stock values.

What about the increases before 1995?

Higher paid labor creates more in demand and generates more in tax revenue in every long run equilibrium.

 

[danielpalos]

Destroy forever? Could they come back??

Of course; some capitalists have a need to succeed with greater profit.

 

[otto105]

And this is according to the Far Left CBO.

Undoubtably it would be a lot more.

Any poor person who needs to work deserves this shit sandwich they are being served- if they actually voted for the Dems.

Raising minimum wage to $15 would cost 1.4 million jobs, CBO says

Raising the federal minimum wage to $15 an hour would cost 1.4 million jobs over the next four years, according to the Congressional Budget Office.

www.cnbc.com

That's the whole point for the Democrats. They want to transition low-wage workers from private payrolls to government welfare, where they can be more easily controlled and subjugated.

Where do right wingers come up with their right wing fantasy. How is that going to happen when higher paid labor creates more in demand and generates more in tax revenue? The minimum wage should be high enough to lower the cost of Government through reduced need for social services, and the taxes necessary for that form of Socialism. Why do limited Government right wingers have any problem with it?

You don't get it at all, probably because you've never worked, either outside government employment, or at all. Employers don't have to pay increased labor costs for low-skilled workers because they have other options, such as automation. Despite the fantasies of the left, employers aren't going to just eat increased labor costs. They will avoid them, or pass them on in the form of higher prices.

Dude, the first rule of business is have customers for your service or product.

Not the fucking minimum wage, which is historically low.

 

[danielpalos]

You don't get it at all, probably because you've never worked, either outside government employment, or at all. Employers don't have to pay increased labor costs for low-skilled workers because they have other options, such as automation. Despite the fantasies of the left, employers aren't going to just eat increased labor costs. They will avoid them, or pass them on in the form of higher prices.

Right wingers simply enjoy hating on the Poor. Cost are passed on to the consumer all the time. Even the dollar menu won't double.

You don't believe that. Biden got "elected" with billions from Wall Street, Big Tech, Big Media, and the rich, white union bigwigs. You know that.

No confidence in Your guy or they would have financed him instead.

 

[otto105]

And this is according to the Far Left CBO.

Undoubtably it would be a lot more.

Any poor person who needs to work deserves this shit sandwich they are being served- if they actually voted for the Dems.

Raising minimum wage to $15 would cost 1.4 million jobs, CBO says

Raising the federal minimum wage to $15 an hour would cost 1.4 million jobs over the next four years, according to the Congressional Budget Office.

www.cnbc.com

That's the whole point for the Democrats. They want to transition low-wage workers from private payrolls to government welfare, where they can be more easily controlled and subjugated.

How?

Raising the minimum wage to a level employers won't pay and the market won't tolerate is the most direct method. You didn't think employers were just going to eat those increased labor costs, did you? Of course not, they'll increase prices, automate, or simply decrease staff (most likely, since it costs them nothing to lay people off). This isn't difficult. It's very clear what the end game is here.

Did this happen in Seattle?

Also automation has been happening since machines were invented.

So, an employer will just lay off workers and not think at all about their customers? The increased demand of productivity on remaining ones...

A very shortsightedness

You see Seattle lately everyone is rioting because of no jobs

Everyone?

Hyperbole much

 

[otto105]

For the last 25 years every increase in the minimum wage was met by two threats from Republicans

That unemployment would go up and that businesses would fail.

Minimum wage hikes don't cause unemployment? Never cause business failures? Link?

Lousy management. Small businesses fail all the time. Only right wingers hate on the Poor instead of recalculating the cost of business for their bottom line.

The poor are a wage rate to be exploited for pushing money up in the business.

 

[Toddsterpatriot]

Simply because You type it on the Internet?

Simply because ......math.

The math proves my point not yours.

Business: $100,000 earnings at 21% tax rate pays how much in taxes? $21,000.

Employee: $10,000 earnings at 10% tax rate pays how much in taxes? $1,000.

$22,000 total.

Now subtract $10,000 from the business earnings and add it to the employee earnings.

Recalculate the taxes and post your results.

 

[Toddsterpatriot]

Sounds like you don't have the foggiest notion as to what you're commenting

I was commenting on your unsourced claim.

Posted on multiple occasions. Easy enough to look up.

I am not your 4th grade history teacher. If you're grow'd up enough to be commenting here you're grow'd up enough to look up what you do not know.

Posted on multiple occasions. Easy enough to look up.

If you've posted it multiple times.....what's one more?

I am not your 4th grade history teacher.

Based on your 4th grade understanding of economics, obviously not.

That you are too lazy or too stupid to look for yourself imbues no obligation on my part to cure your willful ignorance.

At least there's that 4th grade understanding. As opposed to your complete ignorance.

I Googled "Dadoalex's unsourced claim", didn't get anything that backed you up........

 

[otto105]

Simply because You type it on the Internet?

Simply because ......math.

The math proves my point not yours.

Business: $100,000 earnings at 21% tax rate pays how much in taxes? $21,000.

Employee: $10,000 earnings at 10% tax rate pays how much in taxes? $1,000.

$22,000 total.

Now subtract $10,000 from the business earnings and add it to the employee earnings.

Recalculate the taxes and post your results.

Businesses don’t pay that and your example is stupid.

 

[danielpalos]

Simply because You type it on the Internet?

Simply because ......math.

The math proves my point not yours.

Business: $100,000 earnings at 21% tax rate pays how much in taxes? $21,000.

Employee: $10,000 earnings at 10% tax rate pays how much in taxes? $1,000.

$22,000 total.

Now subtract $10,000 from the business earnings and add it to the employee earnings.

Recalculate the taxes and post your results.

Employee earnings are around thirty thousand at fifteen dollars an hour.

Why does any business have any problem raising wages if they can expense the cost for higher profit?

 

[Toddsterpatriot]

Simply because You type it on the Internet?

Simply because ......math.

The math proves my point not yours.

Business: $100,000 earnings at 21% tax rate pays how much in taxes? $21,000.

Employee: $10,000 earnings at 10% tax rate pays how much in taxes? $1,000.

$22,000 total.

Now subtract $10,000 from the business earnings and add it to the employee earnings.

Recalculate the taxes and post your results.

Businesses don’t pay that and your example is stupid.

Math wasn't your best subject, was it? Algebra flashbacks keeping you awake?

 

[Toddsterpatriot]

Simply because You type it on the Internet?

Simply because ......math.

The math proves my point not yours.

Business: $100,000 earnings at 21% tax rate pays how much in taxes? $21,000.

Employee: $10,000 earnings at 10% tax rate pays how much in taxes? $1,000.

$22,000 total.

Now subtract $10,000 from the business earnings and add it to the employee earnings.

Recalculate the taxes and post your results.

Employee earnings are around thirty thousand at fifteen dollars an hour.

Why does any business have any problem raising wages if they can expense the cost for higher profit?

Employee earnings are around thirty thousand at fifteen dollars an hour.

In my example the worker isn't full time.

Still working on the math?

Recalculate the taxes and post your results.

 

[danielpalos]

Simply because You type it on the Internet?

Simply because ......math.

The math proves my point not yours.

Business: $100,000 earnings at 21% tax rate pays how much in taxes? $21,000.

Employee: $10,000 earnings at 10% tax rate pays how much in taxes? $1,000.

$22,000 total.

Now subtract $10,000 from the business earnings and add it to the employee earnings.

Recalculate the taxes and post your results.

Employee earnings are around thirty thousand at fifteen dollars an hour.

Why does any business have any problem raising wages if they can expense the cost for higher profit?

Employee earnings are around thirty thousand at fifteen dollars an hour.

In my example the worker isn't full time.

Still working on the math?

Recalculate the taxes and post your results.

Don't need to. Your hypothetical makes no rational sense even without doing the math.

Why does any business have any problem raising wages if they can expense the cost for higher profit?

 

[otto105]

Simply because You type it on the Internet?

Simply because ......math.

The math proves my point not yours.

Business: $100,000 earnings at 21% tax rate pays how much in taxes? $21,000.

Employee: $10,000 earnings at 10% tax rate pays how much in taxes? $1,000.

$22,000 total.

Now subtract $10,000 from the business earnings and add it to the employee earnings.

Recalculate the taxes and post your results.

Businesses don’t pay that and your example is stupid.

Math wasn't your best subject, was it? Algebra flashbacks keeping you awake?

You have presented nothing.

What is your straw man point?

 

[Toddsterpatriot]

Simply because You type it on the Internet?

Simply because ......math.

The math proves my point not yours.

Business: $100,000 earnings at 21% tax rate pays how much in taxes? $21,000.

Employee: $10,000 earnings at 10% tax rate pays how much in taxes? $1,000.

$22,000 total.

Now subtract $10,000 from the business earnings and add it to the employee earnings.

Recalculate the taxes and post your results.

Employee earnings are around thirty thousand at fifteen dollars an hour.

Why does any business have any problem raising wages if they can expense the cost for higher profit?

Employee earnings are around thirty thousand at fifteen dollars an hour.

In my example the worker isn't full time.

Still working on the math?

Recalculate the taxes and post your results.

Don't need to. Your hypothetical makes no rational sense even without doing the math.

Why does any business have any problem raising wages if they can expense the cost for higher profit?

Don't need to.

You misspelled "can't".

Your hypothetical makes no rational sense even without doing the math.

So use different numbers and post your results.
Be sure the first one is at $7.25/hour and the second is at $15/hour.

 

[Toddsterpatriot]

Simply because You type it on the Internet?

Simply because ......math.

The math proves my point not yours.

Business: $100,000 earnings at 21% tax rate pays how much in taxes? $21,000.

Employee: $10,000 earnings at 10% tax rate pays how much in taxes? $1,000.

$22,000 total.

Now subtract $10,000 from the business earnings and add it to the employee earnings.

Recalculate the taxes and post your results.

Businesses don’t pay that and your example is stupid.

Math wasn't your best subject, was it? Algebra flashbacks keeping you awake?

You have presented nothing.

What is your straw man point?

You have presented nothing.

I presented an example of taxes paid by a business and by an employee.

Too complicated for you?

 

[Dadoalex]

Sounds like you don't have the foggiest notion as to what you're commenting

I was commenting on your unsourced claim.

Posted on multiple occasions. Easy enough to look up.

I am not your 4th grade history teacher. If you're grow'd up enough to be commenting here you're grow'd up enough to look up what you do not know.

Posted on multiple occasions. Easy enough to look up.

If you've posted it multiple times.....what's one more?

I am not your 4th grade history teacher.

Based on your 4th grade understanding of economics, obviously not.

That you are too lazy or too stupid to look for yourself imbues no obligation on my part to cure your willful ignorance.

At least there's that 4th grade understanding. As opposed to your complete ignorance.

I Googled "Dadoalex's unsourced claim", didn't get anything that backed you up........

If you're too stupid to use google perhaps this isn't the best place for you?
Have you tried IAmStupid.com? Seems more along your expertise.

 

[Toddsterpatriot]

Sounds like you don't have the foggiest notion as to what you're commenting

I was commenting on your unsourced claim.

Posted on multiple occasions. Easy enough to look up.

I am not your 4th grade history teacher. If you're grow'd up enough to be commenting here you're grow'd up enough to look up what you do not know.

Posted on multiple occasions. Easy enough to look up.

If you've posted it multiple times.....what's one more?

I am not your 4th grade history teacher.

Based on your 4th grade understanding of economics, obviously not.

That you are too lazy or too stupid to look for yourself imbues no obligation on my part to cure your willful ignorance.

At least there's that 4th grade understanding. As opposed to your complete ignorance.

I Googled "Dadoalex's unsourced claim", didn't get anything that backed you up........

If you're too stupid to use google perhaps this isn't the best place for you?
Have you tried IAmStupid.com? Seems more along your expertise.

I understand that you're afraid to admit you lied. Don't cry........