Andylusion
Platinum Member
- Jan 23, 2014
- 21,320
- 6,434
Yeah they ain't gonna pay those illegals fifteen an hour when they can pay them less than eight now them capitalist must live in big mansions and fly jet planes.
Keeping wages low and cost of living high is how the robber barons make their living.
The CEOs are not the cause of this.
If you collected all $8 Million dollars they paid the CEO of McDonalds, and gave it to all the employees, it would be less than $37 per person, per year. Now unless you think that one cent an hour, is going to make a difference in people's lives, then the problem isn't CEO pay.
And additionally, most of that $8 million isn't cash. It's stock, and it's stock the CEO can't sell for years. If you pay your hourly employees in stock they can't sell, they'll be worse off, not better off.
The bottom line is, if you jack up the price of labor, in areas where people are too poor to pay more money for services, then they stop buying the service. If they stop buying the service, then people lose their jobs.
The minimum wage is always zero.
When you raise the minimum wage, you increase low wage workers ability to buy more products and services. That actually provides a better boost for economic growth than tax cuts for people making over $100,000 dollars a year who never change the consumer habits when they get a tax cut.
But that is simply not true. Because you are assuming those people will simply keep their jobs, and make more money. That just isn't the case. Factually wrong.
Every single time you raise the minimum wage, jobs are lost. Every single time.
UW study finds Seattle’s minimum wage is costing jobs
The only time jobs are not lost, is if the price of everything goes up. If I have to pay you, my employee, more money, then I have to charge you my customer more money.
2007 to 2009, is a perfect example. The minimum wage went from $5.25 to $7.25. Why did this not cause an "increase low wage workers ability to buy more products and services"?
You need more evidence?
If you compare unemployment rates from 2006 to 2011, you will see that unemployment began to fall in 2010. That's the year after the last minimum wage hike that hit in 2009. Coincidence?
Here's another one. Do you know when the first minimum wage hike hit? August 2007. Want to know when the stock market began to slide? Sept/October of 2007. Coincidence?
Awful lot of coincidences with left-wing ideology.
But even if you just assume that these coincidences had nothing to do with minimum wage.... there is one thing that I can say conclusively: There is zero evidence that increasing the minimum wage had a positive economic benefit.
By the way, Greece had the exact same results. Greece had a minimum wage tied to inflation. The unemployment rate in Greece, increased every year, with the minimum wage wage until 2012. In 2012 Greece CUT their minimum wage, and that was the first year unemployment began to fall.
How US minimum wage laws ruined American Samoa’s economy | Sparta Report
The same thing happened in American Samoa. Jacking up the minimum wage, resulted in employment loss, and devastation for the economy of the island.
There is not single example of any country or group, raising the minimum wage into prosperity. Not one.
As for tax cuts for the rich....
Tax cuts for the rich always results in prosperity. Always.
Ireland well known as being tax shelter, called for years the Celtic Tiger.
Singapore, very pro-rich.
Australia, relatively low tax.
Switzerland actually is a relatively low tax country, and very prosperous.