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Because he's worth it.
Many CEOs make nothing or a dollar a year. Would the janitor work for that? No.
That's about the most naïve statement ever made on these boards!! Minimum wage should be somewhere between 12 & 15 an hour in order for the working class to get off income assistance programs.
Many CEOs make nothing or a dollar a year. Would the janitor work for that? No.
That's about the most naïve statement ever made on these boards!! Minimum wage should be somewhere between 12 & 15 an hour in order for the working class to get off income assistance programs.
You are simply inflating everyone's wages by doing so, then costs follow and soon your minimum wage is substandard again. That is unless you believe that someone making $15 per hour now for harder jobs will be satisfied to earn a wage equal to a burger flipper.
Of course they won't, they will either demand the same increase or take the easier job for the equivalent pay. Inflation simply eats up the workers increase or they lose their jobs to those that have worked harder
I heard once (no link) that the stock market investors are mostly the wealthy, yet Democrats tout the stock market as an Obama success.. It would follow then that Obama/Democrats support the wealthy yet are in denial or being, you know, hypocritical..
No, raising peoples wage will not necessarily raise prices.[\QUOTE]
So, increasing the cost of labor doesn't increase costs? Are you sure?
Now, the ONLY way raising wages will not raise prices is if you decrease labor costs by laying people off. So, we're either going to have another recession because prices increase or because unemployment will rise.
That's about the most naïve statement ever made on these boards!! Minimum wage should be somewhere between 12 & 15 an hour in order for the working class to get off income assistance programs.
You are simply inflating everyone's wages by doing so, then costs follow and soon your minimum wage is substandard again. That is unless you believe that someone making $15 per hour now for harder jobs will be satisfied to earn a wage equal to a burger flipper.
Of course they won't, they will either demand the same increase or take the easier job for the equivalent pay. Inflation simply eats up the workers increase or they lose their jobs to those that have worked harder
And you simply are a simpleton. No, raising peoples wage will not necessarily raise prices. What I'm saying is that the minimum wage should be set to at least a level that is above the poverty level.
$10 per hour is at poverty level.
If instead the federal minimum wage had grown at the same rate as one-percenter earnings, it would sit at $22.62 per hour today 212 percent higher than the current wage floor.
More like $23.50/hr.
Where The Minimum Wage Would Be If The Top One Percent Didn't Leave Workers Behind
Why should a CEO be allowed to make 360 times that of the average serf?
If instead the federal minimum wage had grown at the same rate as one-percenter earnings, it would sit at $22.62 per hour today 212 percent higher than the current wage floor.
More like $23.50/hr.
Where The Minimum Wage Would Be If The Top One Percent Didn't Leave Workers Behind
I heard once (no link) that the stock market investors are mostly the wealthy, yet Democrats tout the stock market as an Obama success.. It would follow then that Obama/Democrats support the wealthy yet are in denial or being, you know, hypocritical..
Sounds like Adam Smith.
Who said this?
"We stand for a living wage. Wages are subnormal if they fail to provide a living for those who devote their time and energy to industrial occupations. The monetary equivalent of a living wage varies according to local conditions, but must include enough to secure the elements of a normal standard of living--a standard high enough to make morality possible, to provide for education and recreation, to care for immature members of the family, to maintain the family during periods of sickness, and to permit of reasonable saving for old age."
Who said this?
"We stand for a living wage. Wages are subnormal if they fail to provide a living for those who devote their time and energy to industrial occupations. The monetary equivalent of a living wage varies according to local conditions, but must include enough to secure the elements of a normal standard of living--a standard high enough to make morality possible, to provide for education and recreation, to care for immature members of the family, to maintain the family during periods of sickness, and to permit of reasonable saving for old age."
Theodore Roosevelt
"Raising the cost of production..." is a strawman argument because the cost of production was ARTIFICIALLY reduced by off-shoring production to an Authoritarian nation.
"Raising the cost of production..." is a strawman argument because the cost of production was ARTIFICIALLY reduced by off-shoring production to an Authoritarian nation.
Why would anyone pay that amount for laborers with no skill and who are available by the tens of thousands?
You should move to Venezuela.
You are simply inflating everyone's wages by doing so, then costs follow and soon your minimum wage is substandard again. That is unless you believe that someone making $15 per hour now for harder jobs will be satisfied to earn a wage equal to a burger flipper.
Of course they won't, they will either demand the same increase or take the easier job for the equivalent pay. Inflation simply eats up the workers increase or they lose their jobs to those that have worked harder
And you simply are a simpleton. No, raising peoples wage will not necessarily raise prices. What I'm saying is that the minimum wage should be set to at least a level that is above the poverty level.
$10 per hour is at poverty level.
Simpleton? A simpleton believes that increasing the cost of production does not impact the cost of said product, that is unless you, at the same time increase productivity. Do you propose a law demanding higher productivity?
I thought not
Sure, but how much?
Let's do the numbers!
An employee making $10.00/hr + 32% or $3.20/hr + healthcare $3.00/hr = $16.20/hr. Since this figure is 100% subsidized, after deductions is about 30%, or $4.86/hr which is the net cost of the employee.
Because he's worth it.
Many CEOs make nothing or a dollar a year. Would the janitor work for that? No.
That's about the most naïve statement ever made on these boards!! Minimum wage should be somewhere between 12 & 15 an hour in order for the working class to get off income assistance programs.
"Raising the cost of production..." is a strawman argument because the cost of production was ARTIFICIALLY reduced by off-shoring production to an Authoritarian nation.
What crap...and you're not even ashamed of it. When the cost of production was raised to the point that it was cheaper to manufacture somewhere else and transport it here, THAT'S when jobs were off-shored.
