California raises minimum wage to $10 an hour

[Mr Natural]

So, if workers making more money is bad for an economy, then the inverse must be true.

"Prosperity Through Lower Wages!"

 

[TakeAStepBack]

So, if workers making more money is bad for an economy, then the inverse must be true.

"Prosperity Through Lower Wages!"

Another brilliant mind chimes in.

 

[kidrocks]

meanwhile Unemployment in the State is at 8.9%....im sure that will help getting people hired.....

It will eventually, as the workers spend their their newfound cash around at restaurants, theatres, supermarkets, 7/11's, ballparks, malls, Wal Mart, K-Mart, Targets, etc, etc, etc. Got it?

A short Micro 101 lesson........

Payroll is usually the highest of the operating costs of a company.

When payroll increases, so does operating costs. Usually payroll increases due to demand for goods and services, ...they need more personnel to stay up with the demand...so cost of goods and services stay level.

However, when payroll increases due to outside interference and NOT do to increase in demand, then the increase in payroll is passed on to the cost of the good and services

So, in the end, a man may get a dollar raise....40 dollars a week....but his cost to live will go up as well.

Nothing gained...

Bullshit. The cost of living goes up anyway while wages remain the same. Profits for companies go up while wages remain the same. His cost for living for most products and services will go up... while his wages remain stagnant and the same.

Thank God for COLA and gov't forced minimum-wage hikes. Next?

 

[KissMy]

So how is paying someone $10 an hour to do work that is only worth $8.00 an hour economical?

How is picking winners & losers by forcing other people & business to pay for an elites superfund cleanup while they pocket all the money economical?

 

[peach174]

Bravo California! Bravo Governor Jerry Brown!




California signs law raising minimum wage to $10/hour by 2016 - NBC News.com

California has become the first state in the nation to commit to raising the minimum wage to $10 per hour, although the increase will take place gradually until 2016 under a bill signed into law by Democratic Governor Jerry Brown on Wednesday.

Governor Brown knows that it will lay off quite a large number of people.
That is why he didn't agree to it till 2016, hoping that the economy would become stronger.
That dollar raise in July of 2014 won't help them for this Thanksgiving and Christmas.

 

[Redfish]

It's called trickle-up.

Nothing is trickling up.

Plenty to trickle up. The worker now has more to spend on gasoline which means more trips with extra cash on hand to spend on at restaurants, theatres, supermarkets, 7/11's, ballparks, malls, Wal Mart, K-Mart, Target, etc, etc, etc. Get the picture?

Idiot---now everything he buys will cost more because the other guys making minimum wage are also getting a raise. he will have the same buying power, it will just take more dollars--------it accomplishes nothing.

 

[LordBrownTrout]

It will eventually, as the workers spend their their newfound cash around at restaurants, theatres, supermarkets, 7/11's, ballparks, malls, Wal Mart, K-Mart, Targets, etc, etc, etc. Got it?

A short Micro 101 lesson........

Payroll is usually the highest of the operating costs of a company.

When payroll increases, so does operating costs. Usually payroll increases due to demand for goods and services, ...they need more personnel to stay up with the demand...so cost of goods and services stay level.

However, when payroll increases due to outside interference and NOT do to increase in demand, then the increase in payroll is passed on to the cost of the good and services

So, in the end, a man may get a dollar raise....40 dollars a week....but his cost to live will go up as well.

Nothing gained...

Bullshit. The cost of living goes up anyway while wages remain the same. Profits for companies go up while wages remain the same. His cost for living for most products and services will go up... while his wages remain stagnant and the same.

Thank God for COLA and gov't forced minimum-wage hikes. Next?

Wrong again. Most employers in Texas have surpassed the govt minimum wage years ago. As always, govt is 10 steps behind but you praise that and hold that up as something that is glorious to behold.

 

[Redfish]

It will eventually, as the workers spend their their newfound cash around at restaurants, theatres, supermarkets, 7/11's, ballparks, malls, Wal Mart, K-Mart, Targets, etc, etc, etc. Got it?

A short Micro 101 lesson........

Payroll is usually the highest of the operating costs of a company.

When payroll increases, so does operating costs. Usually payroll increases due to demand for goods and services, ...they need more personnel to stay up with the demand...so cost of goods and services stay level.

However, when payroll increases due to outside interference and NOT do to increase in demand, then the increase in payroll is passed on to the cost of the good and services

So, in the end, a man may get a dollar raise....40 dollars a week....but his cost to live will go up as well.

Nothing gained...

Bullshit. The cost of living goes up anyway while wages remain the same. Profits for companies go up while wages remain the same. His cost for living for most products and services will go up... while his wages remain stagnant and the same.

Thank God for COLA and gov't forced minimum-wage hikes. Next?

ah, the evil profit motive raises its ugly head, all companies should just break even, right? who the fuck needs profit? profit is evil and should be illegal, right?

 

[kidrocks]

A short Micro 101 lesson........

Payroll is usually the highest of the operating costs of a company.

When payroll increases, so does operating costs. Usually payroll increases due to demand for goods and services, ...they need more personnel to stay up with the demand...so cost of goods and services stay level.

However, when payroll increases due to outside interference and NOT do to increase in demand, then the increase in payroll is passed on to the cost of the good and services

So, in the end, a man may get a dollar raise....40 dollars a week....but his cost to live will go up as well.

Nothing gained...

Bullshit. The cost of living goes up anyway while wages remain the same. Profits for companies go up while wages remain the same. His cost for living for most products and services will go up... while his wages remain stagnant and the same.

Thank God for COLA and gov't forced minimum-wage hikes. Next?

ah, the evil profit motive raises its ugly head, all companies should just break even, right? who the fuck needs profit? profit is evil and should be illegal, right?

You are correct. Profit is the root of all evil. The Bible says as much.

 

[Seawytch]

Since 1980 98% of all this country's wealth has gone to the top 10% of earners.

It's about fucking time to stop that kind of inequality.

 

[LordBrownTrout]

Since 1980 98% of all this country's wealth has gone to the top 10% of earners.

It's about fucking time to stop that kind of inequality.

Jerry's got you believin' that he's done something special too I see. Lol.

 

[Harry Dresden]

meanwhile Unemployment in the State is at 8.9%....im sure that will help getting people hired.....

It will eventually, as the workers spend their their newfound cash around at restaurants, theatres, supermarkets, 7/11's, ballparks, malls, Wal Mart, K-Mart, Targets, etc, etc, etc. Got it?

how?.....i said UE here is at 8.9% ......how is raising the minimum wage going to help bring that down?....more people may lose their jobs......

 

[Seawytch]

Since 1980 98% of all this country's wealth has gone to the top 10% of earners.

It's about fucking time to stop that kind of inequality.

Jerry's got you believin' that he's done something special too I see. Lol.

No, not him alone, but I hope it helps. Do you?

 

[LordBrownTrout]

Since 1980 98% of all this country's wealth has gone to the top 10% of earners.

It's about fucking time to stop that kind of inequality.

Jerry's got you believin' that he's done something special too I see. Lol.

No, not him alone, but I hope it helps. Do you?

Of course but it won't. It doesn't even equate to sane economics.

 

[Redfish]

Since 1980 98% of all this country's wealth has gone to the top 10% of earners.

It's about fucking time to stop that kind of inequality.

Jerry's got you believin' that he's done something special too I see. Lol.

No, not him alone, but I hope it helps. Do you?

wytchey, if you raise the pay of the burger flipper, what happens to the price of the burger?

 

[Seawytch]

Jerry's got you believin' that he's done something special too I see. Lol.

No, not him alone, but I hope it helps. Do you?

Of course but it won't. It doesn't even equate to sane economics.

You know this for a fact? You can show where a minimum wage was raised and it didn't help, but in fact hurt?

 

[Redfish]

No, not him alone, but I hope it helps. Do you?

Of course but it won't. It doesn't even equate to sane economics.

You know this for a fact? You can show where a minimum wage was raised and it didn't help, but in fact hurt?

how are you helped if you get a raise and everything costs more?

 

[NLT]

It's called trickle-up.

Nothing is trickling up.

Plenty to trickle up. The worker now has more to spend on gasoline which means more trips with extra cash on hand to spend on at restaurants, theatres, supermarkets, 7/11's, ballparks, malls, Wal Mart, K-Mart, Target, etc, etc, etc. Get the picture?

That same worker just got laid off because the resturant he works in is shutting down because it had to raise its prices to pay its workers. Everyone loses. Dumbass

 

[peach174]

Since 1980 98% of all this country's wealth has gone to the top 10% of earners.

It's about fucking time to stop that kind of inequality.

Yes
The Federal Government started adding more rules and regulation on businesses.
When costs are going for those they can't afford to pay their workers higher wages.
In 1900, business owners had to be concerned with case law and common law. By 1940 the number of additional regulations increased by seven. By 1980 they had increased by 16. In 2010 the number of major additional regulations businesses had to contend with rose by an additional 28!
Can Businesses Afford Any More Government Regulation? | Finance from AllBusiness.com

Less Government means more pay for workers.
When Government forces them to pay higher wages it brings up the cost of products artificially and workers get nowhere with their increase in pay.

 

[Seawytch]

Waiting for examples since the first minimum wage of these horrible economic outcomes as a result.