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Blame advances in technology. Low skilled, high paying jobs are no more. How can they be, when you can get that same job done cheaper and better by an automated system?Once again you provide a microeconomic solution to a macroeconomic problemHere are the choices:
1) Employers pay their workers what the employers believe the job is worth since it's their money
2) A worker can either better their skills or continue to make a lower wage but taxes shouldn't make up for a worker's slack skill level
3) Someone suffering should blame people like you because you think they deserve to be handed something for nothing.
Yes, an individual worker may be able to improve job skills and get a better job
But that doesn't solve the problem of 30 million low wage workers who need government assistance due to low wages
There are not 30 million "better jobs" available for them to move up to.
All you offer is to hand those low wage workers who get that low wage because they are LOW SKILLED money someone else earned. That isn't a solution at all because it solves NOTHING. That's why I expect those of you that propose useless answers to use your own money. You expect those of us that know it won't work to support doing something that has failed. In the last 50 years the U.S. has done that to the tune of $22 trillion dollars. The result. The same percentage of Americans in poverty.
We are the wealthiest nation on earth. Our "job creators" are making record profits
Regardless of what you dream about, our labor pool has always contained a percentage of low skilled workers. It always will and those workers are needed in our economy. These workers are not deadbeats, most work very hard. They used to be able to perform low skilled jobs and a single wage earner could support a family on that wage. Now, they need to rely on the taxpayer to make up the difference
You blame the worker....I blame the employer
We have had advances in technology for the last 100 years, yet we managed to still pay low skilled workers a wage that they could live on
What is the matter with todays society?
If society demands a guaranteed income, then society should step up, write legislation, raise taxes, and distribute the welfare. If you make companies into welfare distribution centers, they will distribute that welfare to a smaller number of employees than before, because they will not pay a worker more than what his work contributes to the bottom line.1. How long can a business stay open if it is forced to pay workers $15/hr for work that contributes $5/hr to the bottom line?Then if society demands that everyone have a guaranteed income, society needs to pass legislation, raise taxes, and make up the difference between a worker's pay and whatever arbitrary (and infinitely increasing) value is deemed sufficient.Once again you provide a microeconomic solution to a macroeconomic problem
Yes, an individual worker may be able to improve job skills and get a better job
But that doesn't solve the problem of 30 million low wage workers who need government assistance due to low wages
There are not 30 million "better jobs" available for them to move up to.
That is what we are doing now
The taxpayer makes up the difference in low pay and subsidizes rents, food and healthcare that an employer used to pay
Our society has changed. It used to be a low skilled worker could support a family on the wages being paid. They didn't live well, but could provide the basics
Employers no longer do that and keep the added profit while taxpayers support their workers
2. Why should a business subsidize society's responsibility? If society demands that every person receive a guaranteed income, then it should write legislation, raise taxes, and make up the difference between worker pay and the arbitrary level.
3. Those low skilled, high paying jobs simply are no longer. They have been replaced by automation that doesn't take sick time, doesn't work 8 hours then quit for 16, doesn't go on strike, never has a bad attitude, and does a better job.
Business seems to be doing quite well. They have made over $10 trillion in the last eight years, yet still claim poverty when it comes to paying their workers
They can afford new corporate offices, monster executive compensation, increases in the cost of supplies
Yet, if it comes to raising the salary of their lowest paid workers...they claim it will bankrupt them
Government should step in and say....either support your workers or contribute to a fund that will
If society demands a guaranteed income, then society should step up, write legislation, raise taxes, and distribute the welfare. If you make companies into welfare distribution centers, they will distribute that welfare to a smaller number of employees than before, because they will not pay a worker more than what his work contributes to the bottom line.1. How long can a business stay open if it is forced to pay workers $15/hr for work that contributes $5/hr to the bottom line?Then if society demands that everyone have a guaranteed income, society needs to pass legislation, raise taxes, and make up the difference between a worker's pay and whatever arbitrary (and infinitely increasing) value is deemed sufficient.
That is what we are doing now
The taxpayer makes up the difference in low pay and subsidizes rents, food and healthcare that an employer used to pay
Our society has changed. It used to be a low skilled worker could support a family on the wages being paid. They didn't live well, but could provide the basics
Employers no longer do that and keep the added profit while taxpayers support their workers
2. Why should a business subsidize society's responsibility? If society demands that every person receive a guaranteed income, then it should write legislation, raise taxes, and make up the difference between worker pay and the arbitrary level.
3. Those low skilled, high paying jobs simply are no longer. They have been replaced by automation that doesn't take sick time, doesn't work 8 hours then quit for 16, doesn't go on strike, never has a bad attitude, and does a better job.
Business seems to be doing quite well. They have made over $10 trillion in the last eight years, yet still claim poverty when it comes to paying their workers
They can afford new corporate offices, monster executive compensation, increases in the cost of supplies
Yet, if it comes to raising the salary of their lowest paid workers...they claim it will bankrupt them
Government should step in and say....either support your workers or contribute to a fund that will
Your business is making a profit off of low cost labor. If society has to step in and support your worker, than you should have to contribute some of that profit to that fund.
Otherwise, pay a decent wage
A business makes a profit off of every employee. Rising labor costs are no different than rising costs of supplies, taxes, rent, insurance or even executive pay. All have risen over the last eight years while minimum wage has remained frozenDo you understand basic economics? A business makes a profit when it earns more money than it spends, and labor costs are a part of the money a company spends. You simply cannot raise that labor cost significantly without impacting that profit, and a company that operates on a 3% profit margin cannot double its labor costs without significant changes.If society demands a guaranteed income, then society should step up, write legislation, raise taxes, and distribute the welfare. If you make companies into welfare distribution centers, they will distribute that welfare to a smaller number of employees than before, because they will not pay a worker more than what his work contributes to the bottom line.1. How long can a business stay open if it is forced to pay workers $15/hr for work that contributes $5/hr to the bottom line?That is what we are doing now
The taxpayer makes up the difference in low pay and subsidizes rents, food and healthcare that an employer used to pay
Our society has changed. It used to be a low skilled worker could support a family on the wages being paid. They didn't live well, but could provide the basics
Employers no longer do that and keep the added profit while taxpayers support their workers
2. Why should a business subsidize society's responsibility? If society demands that every person receive a guaranteed income, then it should write legislation, raise taxes, and make up the difference between worker pay and the arbitrary level.
3. Those low skilled, high paying jobs simply are no longer. They have been replaced by automation that doesn't take sick time, doesn't work 8 hours then quit for 16, doesn't go on strike, never has a bad attitude, and does a better job.
Business seems to be doing quite well. They have made over $10 trillion in the last eight years, yet still claim poverty when it comes to paying their workers
They can afford new corporate offices, monster executive compensation, increases in the cost of supplies
Yet, if it comes to raising the salary of their lowest paid workers...they claim it will bankrupt them
Government should step in and say....either support your workers or contribute to a fund that will
Your business is making a profit off of low cost labor. If society has to step in and support your worker, than you should have to contribute some of that profit to that fund.
Otherwise, pay a decent wage
If labor cost more, the business has these choices:
1. Reduce profit to absorb the increased cost. Not likely to happen because the profit margin is not going to be that big, except in rare cases. Double labor costs for most companies and they would start losing money.
2. Raise prices to cover the added cost. Likely. prices would go up and the poor would no longer be able to afford the cheap stuff they can now. Is it better to be able to buy a cheap TV at Walmart and have a low MW or to have a high MW and have the poor pay a good deal more for that TV?
3. Reduce the number of workers to bring costs back in line with revenue. Very likely to happen, and the workers laid off would not be cheering the MW hike that cost them their jobs.
You do understand the basic economics here, right? You just can't double most company's labor costs overnight and expect nothing to happen.
ALL FF outlet franchise owners have been aware of the robotics sitting in Chinese warehouses for a decade just waiting to be but into their FF outlets.Keep in mind, McDonalds was gonna implement these kiosks no matter what the Minimum Wage was. It's a Corporation that doesn't care about Americans or America. It only cares about the money. But who knows? Maybe this move has put it on Trump's shitlist. I hope so.
It's NEVER been about the cost of the equipment.
A grade ten student with a calculator can figure out the massive cost benefits to installing robotic fry makers compared to having to deal with semiliterate dummies/dirty/late/thieving/dopers/drunks/'activists in the workplace' losers.
The ONLY reason the robots haven't virtually replaced humans has been local 'politics'.
But recent marketing studies have proven that the average person who eats at FF outlets doesn't give a fuck who or what is making their 'Whopper' as long as it's quick and cheap and what they ordered.
The $15 an hour movement put the final nail in the 'we must have humans flipping the burgers' coffin.
Yep, the technology has been around for a while. Burger King made a big attempt at automation in the 1980's--ordering, broiling and preparing burgers, frying and apportioning fries. They shelved the project.
Turns out, robots are damn good at complex calculations and precise, repetitive tasks. Not so good at simple things little kids could do like stacking blocks or sensing objects in space.
And get your calculator out. You can start yourself an automated pizza parlor. Machine makes the pie, well except for the toppings. Take about a million dollars of initial investment. You could set up five Domino's franchises for the same price.
But my entrance to this thread was pretty simple. If an operator can't afford to pay their help fifteen dollars an hour they can't afford the investment required to automate.
Why Restaurant Workers Won’t Be Replaced by Robots Any Time Soon
file:///C:/Users/todd/Downloads/wp2013-26-pdf.pdf
A business makes a profit off of every employee. Rising labor costs are no different than rising costs of supplies, taxes, rent, insurance or even executive pay. All have risen over the last eight years while minimum wage has remained frozenDo you understand basic economics? A business makes a profit when it earns more money than it spends, and labor costs are a part of the money a company spends. You simply cannot raise that labor cost significantly without impacting that profit, and a company that operates on a 3% profit margin cannot double its labor costs without significant changes.If society demands a guaranteed income, then society should step up, write legislation, raise taxes, and distribute the welfare. If you make companies into welfare distribution centers, they will distribute that welfare to a smaller number of employees than before, because they will not pay a worker more than what his work contributes to the bottom line.1. How long can a business stay open if it is forced to pay workers $15/hr for work that contributes $5/hr to the bottom line?
2. Why should a business subsidize society's responsibility? If society demands that every person receive a guaranteed income, then it should write legislation, raise taxes, and make up the difference between worker pay and the arbitrary level.
3. Those low skilled, high paying jobs simply are no longer. They have been replaced by automation that doesn't take sick time, doesn't work 8 hours then quit for 16, doesn't go on strike, never has a bad attitude, and does a better job.
Business seems to be doing quite well. They have made over $10 trillion in the last eight years, yet still claim poverty when it comes to paying their workers
They can afford new corporate offices, monster executive compensation, increases in the cost of supplies
Yet, if it comes to raising the salary of their lowest paid workers...they claim it will bankrupt them
Government should step in and say....either support your workers or contribute to a fund that will
Your business is making a profit off of low cost labor. If society has to step in and support your worker, than you should have to contribute some of that profit to that fund.
Otherwise, pay a decent wage
If labor cost more, the business has these choices:
1. Reduce profit to absorb the increased cost. Not likely to happen because the profit margin is not going to be that big, except in rare cases. Double labor costs for most companies and they would start losing money.
2. Raise prices to cover the added cost. Likely. prices would go up and the poor would no longer be able to afford the cheap stuff they can now. Is it better to be able to buy a cheap TV at Walmart and have a low MW or to have a high MW and have the poor pay a good deal more for that TV?
3. Reduce the number of workers to bring costs back in line with revenue. Very likely to happen, and the workers laid off would not be cheering the MW hike that cost them their jobs.
You do understand the basic economics here, right? You just can't double most company's labor costs overnight and expect nothing to happen.
A business makes a profit off of every employee. Rising labor costs are no different than rising costs of supplies, taxes, rent, insurance or even executive pay. All have risen over the last eight years while minimum wage has remained frozenDo you understand basic economics? A business makes a profit when it earns more money than it spends, and labor costs are a part of the money a company spends. You simply cannot raise that labor cost significantly without impacting that profit, and a company that operates on a 3% profit margin cannot double its labor costs without significant changes.If society demands a guaranteed income, then society should step up, write legislation, raise taxes, and distribute the welfare. If you make companies into welfare distribution centers, they will distribute that welfare to a smaller number of employees than before, because they will not pay a worker more than what his work contributes to the bottom line.Business seems to be doing quite well. They have made over $10 trillion in the last eight years, yet still claim poverty when it comes to paying their workers
They can afford new corporate offices, monster executive compensation, increases in the cost of supplies
Yet, if it comes to raising the salary of their lowest paid workers...they claim it will bankrupt them
Government should step in and say....either support your workers or contribute to a fund that will
Your business is making a profit off of low cost labor. If society has to step in and support your worker, than you should have to contribute some of that profit to that fund.
Otherwise, pay a decent wage
If labor cost more, the business has these choices:
1. Reduce profit to absorb the increased cost. Not likely to happen because the profit margin is not going to be that big, except in rare cases. Double labor costs for most companies and they would start losing money.
2. Raise prices to cover the added cost. Likely. prices would go up and the poor would no longer be able to afford the cheap stuff they can now. Is it better to be able to buy a cheap TV at Walmart and have a low MW or to have a high MW and have the poor pay a good deal more for that TV?
3. Reduce the number of workers to bring costs back in line with revenue. Very likely to happen, and the workers laid off would not be cheering the MW hike that cost them their jobs.
You do understand the basic economics here, right? You just can't double most company's labor costs overnight and expect nothing to happen.
Minimum wage has stayed the same because what's required to do minimum wage jobs hasn't risen. When the skill level required stays frozen, so do the wages. You mention 8 years. That's 8 years those low skilled people could have done something to raise their skill level. If they spent a quarter of the time bettering themselves as they did whining about wanting to be handed more, this wouldn't be a conversation.
You mention 8 years. The skills required to do a minimum wage job today are the same as they were 50 years ago. Pushing a broom, emptying trash, and cleaning a toilet require the same skill level today as they did when I was a kid and learned to do those things as chores around the house.
A business makes a profit off of every employee. Rising labor costs are no different than rising costs of supplies, taxes, rent, insurance or even executive pay. All have risen over the last eight years while minimum wage has remained frozenDo you understand basic economics? A business makes a profit when it earns more money than it spends, and labor costs are a part of the money a company spends. You simply cannot raise that labor cost significantly without impacting that profit, and a company that operates on a 3% profit margin cannot double its labor costs without significant changes.If society demands a guaranteed income, then society should step up, write legislation, raise taxes, and distribute the welfare. If you make companies into welfare distribution centers, they will distribute that welfare to a smaller number of employees than before, because they will not pay a worker more than what his work contributes to the bottom line.1. How long can a business stay open if it is forced to pay workers $15/hr for work that contributes $5/hr to the bottom line?
2. Why should a business subsidize society's responsibility? If society demands that every person receive a guaranteed income, then it should write legislation, raise taxes, and make up the difference between worker pay and the arbitrary level.
3. Those low skilled, high paying jobs simply are no longer. They have been replaced by automation that doesn't take sick time, doesn't work 8 hours then quit for 16, doesn't go on strike, never has a bad attitude, and does a better job.
Business seems to be doing quite well. They have made over $10 trillion in the last eight years, yet still claim poverty when it comes to paying their workers
They can afford new corporate offices, monster executive compensation, increases in the cost of supplies
Yet, if it comes to raising the salary of their lowest paid workers...they claim it will bankrupt them
Government should step in and say....either support your workers or contribute to a fund that will
Your business is making a profit off of low cost labor. If society has to step in and support your worker, than you should have to contribute some of that profit to that fund.
Otherwise, pay a decent wage
If labor cost more, the business has these choices:
1. Reduce profit to absorb the increased cost. Not likely to happen because the profit margin is not going to be that big, except in rare cases. Double labor costs for most companies and they would start losing money.
2. Raise prices to cover the added cost. Likely. prices would go up and the poor would no longer be able to afford the cheap stuff they can now. Is it better to be able to buy a cheap TV at Walmart and have a low MW or to have a high MW and have the poor pay a good deal more for that TV?
3. Reduce the number of workers to bring costs back in line with revenue. Very likely to happen, and the workers laid off would not be cheering the MW hike that cost them their jobs.
You do understand the basic economics here, right? You just can't double most company's labor costs overnight and expect nothing to happen.
A business makes a profit off of every employee. Rising labor costs are no different than rising costs of supplies, taxes, rent, insurance or even executive pay. All have risen over the last eight years while minimum wage has remained frozenDo you understand basic economics? A business makes a profit when it earns more money than it spends, and labor costs are a part of the money a company spends. You simply cannot raise that labor cost significantly without impacting that profit, and a company that operates on a 3% profit margin cannot double its labor costs without significant changes.If society demands a guaranteed income, then society should step up, write legislation, raise taxes, and distribute the welfare. If you make companies into welfare distribution centers, they will distribute that welfare to a smaller number of employees than before, because they will not pay a worker more than what his work contributes to the bottom line.
Your business is making a profit off of low cost labor. If society has to step in and support your worker, than you should have to contribute some of that profit to that fund.
Otherwise, pay a decent wage
If labor cost more, the business has these choices:
1. Reduce profit to absorb the increased cost. Not likely to happen because the profit margin is not going to be that big, except in rare cases. Double labor costs for most companies and they would start losing money.
2. Raise prices to cover the added cost. Likely. prices would go up and the poor would no longer be able to afford the cheap stuff they can now. Is it better to be able to buy a cheap TV at Walmart and have a low MW or to have a high MW and have the poor pay a good deal more for that TV?
3. Reduce the number of workers to bring costs back in line with revenue. Very likely to happen, and the workers laid off would not be cheering the MW hike that cost them their jobs.
You do understand the basic economics here, right? You just can't double most company's labor costs overnight and expect nothing to happen.
Minimum wage has stayed the same because what's required to do minimum wage jobs hasn't risen. When the skill level required stays frozen, so do the wages. You mention 8 years. That's 8 years those low skilled people could have done something to raise their skill level. If they spent a quarter of the time bettering themselves as they did whining about wanting to be handed more, this wouldn't be a conversation.
You mention 8 years. The skills required to do a minimum wage job today are the same as they were 50 years ago. Pushing a broom, emptying trash, and cleaning a toilet require the same skill level today as they did when I was a kid and learned to do those things as chores around the house.
Used to be minimum wage was a true...starter wage
I started at $2 an hour in 1972. For $2 an hour, I could pay my entire college tuition working just the summer. I could buy a new car working six months. I could buy seven gallons of gas for that car.
It would take $15 an hour to do that today
A business makes a profit off of every employee. Rising labor costs are no different than rising costs of supplies, taxes, rent, insurance or even executive pay. All have risen over the last eight years while minimum wage has remained frozenDo you understand basic economics? A business makes a profit when it earns more money than it spends, and labor costs are a part of the money a company spends. You simply cannot raise that labor cost significantly without impacting that profit, and a company that operates on a 3% profit margin cannot double its labor costs without significant changes.Your business is making a profit off of low cost labor. If society has to step in and support your worker, than you should have to contribute some of that profit to that fund.
Otherwise, pay a decent wage
If labor cost more, the business has these choices:
1. Reduce profit to absorb the increased cost. Not likely to happen because the profit margin is not going to be that big, except in rare cases. Double labor costs for most companies and they would start losing money.
2. Raise prices to cover the added cost. Likely. prices would go up and the poor would no longer be able to afford the cheap stuff they can now. Is it better to be able to buy a cheap TV at Walmart and have a low MW or to have a high MW and have the poor pay a good deal more for that TV?
3. Reduce the number of workers to bring costs back in line with revenue. Very likely to happen, and the workers laid off would not be cheering the MW hike that cost them their jobs.
You do understand the basic economics here, right? You just can't double most company's labor costs overnight and expect nothing to happen.
Minimum wage has stayed the same because what's required to do minimum wage jobs hasn't risen. When the skill level required stays frozen, so do the wages. You mention 8 years. That's 8 years those low skilled people could have done something to raise their skill level. If they spent a quarter of the time bettering themselves as they did whining about wanting to be handed more, this wouldn't be a conversation.
You mention 8 years. The skills required to do a minimum wage job today are the same as they were 50 years ago. Pushing a broom, emptying trash, and cleaning a toilet require the same skill level today as they did when I was a kid and learned to do those things as chores around the house.
Used to be minimum wage was a true...starter wage
I started at $2 an hour in 1972. For $2 an hour, I could pay my entire college tuition working just the summer. I could buy a new car working six months. I could buy seven gallons of gas for that car.
It would take $15 an hour to do that today
When you had 30 million less illegals ..
When your piece of shit pinto couldn't pass the epa emissions test of today never mind the safety issue.
A business makes a profit off of every employee. Rising labor costs are no different than rising costs of supplies, taxes, rent, insurance or even executive pay. All have risen over the last eight years while minimum wage has remained frozenDo you understand basic economics? A business makes a profit when it earns more money than it spends, and labor costs are a part of the money a company spends. You simply cannot raise that labor cost significantly without impacting that profit, and a company that operates on a 3% profit margin cannot double its labor costs without significant changes.If society demands a guaranteed income, then society should step up, write legislation, raise taxes, and distribute the welfare. If you make companies into welfare distribution centers, they will distribute that welfare to a smaller number of employees than before, because they will not pay a worker more than what his work contributes to the bottom line.
Your business is making a profit off of low cost labor. If society has to step in and support your worker, than you should have to contribute some of that profit to that fund.
Otherwise, pay a decent wage
If labor cost more, the business has these choices:
1. Reduce profit to absorb the increased cost. Not likely to happen because the profit margin is not going to be that big, except in rare cases. Double labor costs for most companies and they would start losing money.
2. Raise prices to cover the added cost. Likely. prices would go up and the poor would no longer be able to afford the cheap stuff they can now. Is it better to be able to buy a cheap TV at Walmart and have a low MW or to have a high MW and have the poor pay a good deal more for that TV?
3. Reduce the number of workers to bring costs back in line with revenue. Very likely to happen, and the workers laid off would not be cheering the MW hike that cost them their jobs.
You do understand the basic economics here, right? You just can't double most company's labor costs overnight and expect nothing to happen.
Minimum wage has stayed the same because what's required to do minimum wage jobs hasn't risen. When the skill level required stays frozen, so do the wages. You mention 8 years. That's 8 years those low skilled people could have done something to raise their skill level. If they spent a quarter of the time bettering themselves as they did whining about wanting to be handed more, this wouldn't be a conversation.
You mention 8 years. The skills required to do a minimum wage job today are the same as they were 50 years ago. Pushing a broom, emptying trash, and cleaning a toilet require the same skill level today as they did when I was a kid and learned to do those things as chores around the house.
Used to be minimum wage was a true...starter wage
I started at $2 an hour in 1972. For $2 an hour, I could pay my entire college tuition working just the summer. I could buy a new car working six months. I could buy seven gallons of gas for that car.
It would take $15 an hour to do that today
A business makes a profit off of every employee. Rising labor costs are no different than rising costs of supplies, taxes, rent, insurance or even executive pay. All have risen over the last eight years while minimum wage has remained frozenDo you understand basic economics? A business makes a profit when it earns more money than it spends, and labor costs are a part of the money a company spends. You simply cannot raise that labor cost significantly without impacting that profit, and a company that operates on a 3% profit margin cannot double its labor costs without significant changes.Your business is making a profit off of low cost labor. If society has to step in and support your worker, than you should have to contribute some of that profit to that fund.
Otherwise, pay a decent wage
If labor cost more, the business has these choices:
1. Reduce profit to absorb the increased cost. Not likely to happen because the profit margin is not going to be that big, except in rare cases. Double labor costs for most companies and they would start losing money.
2. Raise prices to cover the added cost. Likely. prices would go up and the poor would no longer be able to afford the cheap stuff they can now. Is it better to be able to buy a cheap TV at Walmart and have a low MW or to have a high MW and have the poor pay a good deal more for that TV?
3. Reduce the number of workers to bring costs back in line with revenue. Very likely to happen, and the workers laid off would not be cheering the MW hike that cost them their jobs.
You do understand the basic economics here, right? You just can't double most company's labor costs overnight and expect nothing to happen.
Minimum wage has stayed the same because what's required to do minimum wage jobs hasn't risen. When the skill level required stays frozen, so do the wages. You mention 8 years. That's 8 years those low skilled people could have done something to raise their skill level. If they spent a quarter of the time bettering themselves as they did whining about wanting to be handed more, this wouldn't be a conversation.
You mention 8 years. The skills required to do a minimum wage job today are the same as they were 50 years ago. Pushing a broom, emptying trash, and cleaning a toilet require the same skill level today as they did when I was a kid and learned to do those things as chores around the house.
Used to be minimum wage was a true...starter wage
I started at $2 an hour in 1972. For $2 an hour, I could pay my entire college tuition working just the summer. I could buy a new car working six months. I could buy seven gallons of gas for that car.
It would take $15 an hour to do that today
When you had 30 million less illegals ..
When your piece of shit pinto couldn't pass the epa emissions test of today never mind the safety issue.
It's why we call it a minimumA business makes a profit off of every employee. Rising labor costs are no different than rising costs of supplies, taxes, rent, insurance or even executive pay. All have risen over the last eight years while minimum wage has remained frozenDo you understand basic economics? A business makes a profit when it earns more money than it spends, and labor costs are a part of the money a company spends. You simply cannot raise that labor cost significantly without impacting that profit, and a company that operates on a 3% profit margin cannot double its labor costs without significant changes.If society demands a guaranteed income, then society should step up, write legislation, raise taxes, and distribute the welfare. If you make companies into welfare distribution centers, they will distribute that welfare to a smaller number of employees than before, because they will not pay a worker more than what his work contributes to the bottom line.Business seems to be doing quite well. They have made over $10 trillion in the last eight years, yet still claim poverty when it comes to paying their workers
They can afford new corporate offices, monster executive compensation, increases in the cost of supplies
Yet, if it comes to raising the salary of their lowest paid workers...they claim it will bankrupt them
Government should step in and say....either support your workers or contribute to a fund that will
Your business is making a profit off of low cost labor. If society has to step in and support your worker, than you should have to contribute some of that profit to that fund.
Otherwise, pay a decent wage
If labor cost more, the business has these choices:
1. Reduce profit to absorb the increased cost. Not likely to happen because the profit margin is not going to be that big, except in rare cases. Double labor costs for most companies and they would start losing money.
2. Raise prices to cover the added cost. Likely. prices would go up and the poor would no longer be able to afford the cheap stuff they can now. Is it better to be able to buy a cheap TV at Walmart and have a low MW or to have a high MW and have the poor pay a good deal more for that TV?
3. Reduce the number of workers to bring costs back in line with revenue. Very likely to happen, and the workers laid off would not be cheering the MW hike that cost them their jobs.
You do understand the basic economics here, right? You just can't double most company's labor costs overnight and expect nothing to happen.
Minimum wage has not remained the same states have risen it, which is the right thing to do - it's a regional thing not a national one.
It's why we call it a minimumA business makes a profit off of every employee. Rising labor costs are no different than rising costs of supplies, taxes, rent, insurance or even executive pay. All have risen over the last eight years while minimum wage has remained frozenDo you understand basic economics? A business makes a profit when it earns more money than it spends, and labor costs are a part of the money a company spends. You simply cannot raise that labor cost significantly without impacting that profit, and a company that operates on a 3% profit margin cannot double its labor costs without significant changes.If society demands a guaranteed income, then society should step up, write legislation, raise taxes, and distribute the welfare. If you make companies into welfare distribution centers, they will distribute that welfare to a smaller number of employees than before, because they will not pay a worker more than what his work contributes to the bottom line.
Your business is making a profit off of low cost labor. If society has to step in and support your worker, than you should have to contribute some of that profit to that fund.
Otherwise, pay a decent wage
If labor cost more, the business has these choices:
1. Reduce profit to absorb the increased cost. Not likely to happen because the profit margin is not going to be that big, except in rare cases. Double labor costs for most companies and they would start losing money.
2. Raise prices to cover the added cost. Likely. prices would go up and the poor would no longer be able to afford the cheap stuff they can now. Is it better to be able to buy a cheap TV at Walmart and have a low MW or to have a high MW and have the poor pay a good deal more for that TV?
3. Reduce the number of workers to bring costs back in line with revenue. Very likely to happen, and the workers laid off would not be cheering the MW hike that cost them their jobs.
You do understand the basic economics here, right? You just can't double most company's labor costs overnight and expect nothing to happen.
Minimum wage has not remained the same states have risen it, which is the right thing to do - it's a regional thing not a national one.
Some states would reimplement slavery if you let them
A business makes a profit off of every employee. Rising labor costs are no different than rising costs of supplies, taxes, rent, insurance or even executive pay. All have risen over the last eight years while minimum wage has remained frozenDo you understand basic economics? A business makes a profit when it earns more money than it spends, and labor costs are a part of the money a company spends. You simply cannot raise that labor cost significantly without impacting that profit, and a company that operates on a 3% profit margin cannot double its labor costs without significant changes.Your business is making a profit off of low cost labor. If society has to step in and support your worker, than you should have to contribute some of that profit to that fund.
Otherwise, pay a decent wage
If labor cost more, the business has these choices:
1. Reduce profit to absorb the increased cost. Not likely to happen because the profit margin is not going to be that big, except in rare cases. Double labor costs for most companies and they would start losing money.
2. Raise prices to cover the added cost. Likely. prices would go up and the poor would no longer be able to afford the cheap stuff they can now. Is it better to be able to buy a cheap TV at Walmart and have a low MW or to have a high MW and have the poor pay a good deal more for that TV?
3. Reduce the number of workers to bring costs back in line with revenue. Very likely to happen, and the workers laid off would not be cheering the MW hike that cost them their jobs.
You do understand the basic economics here, right? You just can't double most company's labor costs overnight and expect nothing to happen.
Minimum wage has stayed the same because what's required to do minimum wage jobs hasn't risen. When the skill level required stays frozen, so do the wages. You mention 8 years. That's 8 years those low skilled people could have done something to raise their skill level. If they spent a quarter of the time bettering themselves as they did whining about wanting to be handed more, this wouldn't be a conversation.
You mention 8 years. The skills required to do a minimum wage job today are the same as they were 50 years ago. Pushing a broom, emptying trash, and cleaning a toilet require the same skill level today as they did when I was a kid and learned to do those things as chores around the house.
Used to be minimum wage was a true...starter wage
I started at $2 an hour in 1972. For $2 an hour, I could pay my entire college tuition working just the summer. I could buy a new car working six months. I could buy seven gallons of gas for that car.
It would take $15 an hour to do that today
Used to be those making minimum wage did things to improve those skills. The problem is those refusing to improve their skills only want their wage increased for refusing to do so.
A business makes a profit off of every employee. Rising labor costs are no different than rising costs of supplies, taxes, rent, insurance or even executive pay. All have risen over the last eight years while minimum wage has remained frozenDo you understand basic economics? A business makes a profit when it earns more money than it spends, and labor costs are a part of the money a company spends. You simply cannot raise that labor cost significantly without impacting that profit, and a company that operates on a 3% profit margin cannot double its labor costs without significant changes.
If labor cost more, the business has these choices:
1. Reduce profit to absorb the increased cost. Not likely to happen because the profit margin is not going to be that big, except in rare cases. Double labor costs for most companies and they would start losing money.
2. Raise prices to cover the added cost. Likely. prices would go up and the poor would no longer be able to afford the cheap stuff they can now. Is it better to be able to buy a cheap TV at Walmart and have a low MW or to have a high MW and have the poor pay a good deal more for that TV?
3. Reduce the number of workers to bring costs back in line with revenue. Very likely to happen, and the workers laid off would not be cheering the MW hike that cost them their jobs.
You do understand the basic economics here, right? You just can't double most company's labor costs overnight and expect nothing to happen.
Minimum wage has stayed the same because what's required to do minimum wage jobs hasn't risen. When the skill level required stays frozen, so do the wages. You mention 8 years. That's 8 years those low skilled people could have done something to raise their skill level. If they spent a quarter of the time bettering themselves as they did whining about wanting to be handed more, this wouldn't be a conversation.
You mention 8 years. The skills required to do a minimum wage job today are the same as they were 50 years ago. Pushing a broom, emptying trash, and cleaning a toilet require the same skill level today as they did when I was a kid and learned to do those things as chores around the house.
Used to be minimum wage was a true...starter wage
I started at $2 an hour in 1972. For $2 an hour, I could pay my entire college tuition working just the summer. I could buy a new car working six months. I could buy seven gallons of gas for that car.
It would take $15 an hour to do that today
Used to be those making minimum wage did things to improve those skills. The problem is those refusing to improve their skills only want their wage increased for refusing to do so.
It's kind of the way it works......I earned minimum wage while I was trying to pay my way through college. I got a degree and demanded a higher salary.......someone else moved into that minimum wage job
It's why we call it a minimumA business makes a profit off of every employee. Rising labor costs are no different than rising costs of supplies, taxes, rent, insurance or even executive pay. All have risen over the last eight years while minimum wage has remained frozenDo you understand basic economics? A business makes a profit when it earns more money than it spends, and labor costs are a part of the money a company spends. You simply cannot raise that labor cost significantly without impacting that profit, and a company that operates on a 3% profit margin cannot double its labor costs without significant changes.Your business is making a profit off of low cost labor. If society has to step in and support your worker, than you should have to contribute some of that profit to that fund.
Otherwise, pay a decent wage
If labor cost more, the business has these choices:
1. Reduce profit to absorb the increased cost. Not likely to happen because the profit margin is not going to be that big, except in rare cases. Double labor costs for most companies and they would start losing money.
2. Raise prices to cover the added cost. Likely. prices would go up and the poor would no longer be able to afford the cheap stuff they can now. Is it better to be able to buy a cheap TV at Walmart and have a low MW or to have a high MW and have the poor pay a good deal more for that TV?
3. Reduce the number of workers to bring costs back in line with revenue. Very likely to happen, and the workers laid off would not be cheering the MW hike that cost them their jobs.
You do understand the basic economics here, right? You just can't double most company's labor costs overnight and expect nothing to happen.
Minimum wage has not remained the same states have risen it, which is the right thing to do - it's a regional thing not a national one.
Some states would reimplement slavery if you let them
The problem with what you want is the skills required to do minimum wage jobs when you made $2/hour are the same skills required today to do those same jobs. Same skills, same pay.
It's why we call it a minimumA business makes a profit off of every employee. Rising labor costs are no different than rising costs of supplies, taxes, rent, insurance or even executive pay. All have risen over the last eight years while minimum wage has remained frozenDo you understand basic economics? A business makes a profit when it earns more money than it spends, and labor costs are a part of the money a company spends. You simply cannot raise that labor cost significantly without impacting that profit, and a company that operates on a 3% profit margin cannot double its labor costs without significant changes.If society demands a guaranteed income, then society should step up, write legislation, raise taxes, and distribute the welfare. If you make companies into welfare distribution centers, they will distribute that welfare to a smaller number of employees than before, because they will not pay a worker more than what his work contributes to the bottom line.
Your business is making a profit off of low cost labor. If society has to step in and support your worker, than you should have to contribute some of that profit to that fund.
Otherwise, pay a decent wage
If labor cost more, the business has these choices:
1. Reduce profit to absorb the increased cost. Not likely to happen because the profit margin is not going to be that big, except in rare cases. Double labor costs for most companies and they would start losing money.
2. Raise prices to cover the added cost. Likely. prices would go up and the poor would no longer be able to afford the cheap stuff they can now. Is it better to be able to buy a cheap TV at Walmart and have a low MW or to have a high MW and have the poor pay a good deal more for that TV?
3. Reduce the number of workers to bring costs back in line with revenue. Very likely to happen, and the workers laid off would not be cheering the MW hike that cost them their jobs.
You do understand the basic economics here, right? You just can't double most company's labor costs overnight and expect nothing to happen.
Minimum wage has not remained the same states have risen it, which is the right thing to do - it's a regional thing not a national one.
Some states would reimplement slavery if you let them
It's why we call it a minimumA business makes a profit off of every employee. Rising labor costs are no different than rising costs of supplies, taxes, rent, insurance or even executive pay. All have risen over the last eight years while minimum wage has remained frozenDo you understand basic economics? A business makes a profit when it earns more money than it spends, and labor costs are a part of the money a company spends. You simply cannot raise that labor cost significantly without impacting that profit, and a company that operates on a 3% profit margin cannot double its labor costs without significant changes.
If labor cost more, the business has these choices:
1. Reduce profit to absorb the increased cost. Not likely to happen because the profit margin is not going to be that big, except in rare cases. Double labor costs for most companies and they would start losing money.
2. Raise prices to cover the added cost. Likely. prices would go up and the poor would no longer be able to afford the cheap stuff they can now. Is it better to be able to buy a cheap TV at Walmart and have a low MW or to have a high MW and have the poor pay a good deal more for that TV?
3. Reduce the number of workers to bring costs back in line with revenue. Very likely to happen, and the workers laid off would not be cheering the MW hike that cost them their jobs.
You do understand the basic economics here, right? You just can't double most company's labor costs overnight and expect nothing to happen.
Minimum wage has not remained the same states have risen it, which is the right thing to do - it's a regional thing not a national one.
Some states would reimplement slavery if you let them
The problem with what you want is the skills required to do minimum wage jobs when you made $2/hour are the same skills required today to do those same jobs. Same skills, same pay.
So a carpenter or electrician should work for $8 an hour like they did in 1972.......same skills.....same job
It's why we call it a minimumA business makes a profit off of every employee. Rising labor costs are no different than rising costs of supplies, taxes, rent, insurance or even executive pay. All have risen over the last eight years while minimum wage has remained frozenDo you understand basic economics? A business makes a profit when it earns more money than it spends, and labor costs are a part of the money a company spends. You simply cannot raise that labor cost significantly without impacting that profit, and a company that operates on a 3% profit margin cannot double its labor costs without significant changes.Your business is making a profit off of low cost labor. If society has to step in and support your worker, than you should have to contribute some of that profit to that fund.
Otherwise, pay a decent wage
If labor cost more, the business has these choices:
1. Reduce profit to absorb the increased cost. Not likely to happen because the profit margin is not going to be that big, except in rare cases. Double labor costs for most companies and they would start losing money.
2. Raise prices to cover the added cost. Likely. prices would go up and the poor would no longer be able to afford the cheap stuff they can now. Is it better to be able to buy a cheap TV at Walmart and have a low MW or to have a high MW and have the poor pay a good deal more for that TV?
3. Reduce the number of workers to bring costs back in line with revenue. Very likely to happen, and the workers laid off would not be cheering the MW hike that cost them their jobs.
You do understand the basic economics here, right? You just can't double most company's labor costs overnight and expect nothing to happen.
Minimum wage has not remained the same states have risen it, which is the right thing to do - it's a regional thing not a national one.
Some states would reimplement slavery if you let them
Name them?
The only slavery I see in modern day of America is by the democrat party.. Still
It's why we call it a minimumA business makes a profit off of every employee. Rising labor costs are no different than rising costs of supplies, taxes, rent, insurance or even executive pay. All have risen over the last eight years while minimum wage has remained frozenDo you understand basic economics? A business makes a profit when it earns more money than it spends, and labor costs are a part of the money a company spends. You simply cannot raise that labor cost significantly without impacting that profit, and a company that operates on a 3% profit margin cannot double its labor costs without significant changes.
If labor cost more, the business has these choices:
1. Reduce profit to absorb the increased cost. Not likely to happen because the profit margin is not going to be that big, except in rare cases. Double labor costs for most companies and they would start losing money.
2. Raise prices to cover the added cost. Likely. prices would go up and the poor would no longer be able to afford the cheap stuff they can now. Is it better to be able to buy a cheap TV at Walmart and have a low MW or to have a high MW and have the poor pay a good deal more for that TV?
3. Reduce the number of workers to bring costs back in line with revenue. Very likely to happen, and the workers laid off would not be cheering the MW hike that cost them their jobs.
You do understand the basic economics here, right? You just can't double most company's labor costs overnight and expect nothing to happen.
Minimum wage has not remained the same states have risen it, which is the right thing to do - it's a regional thing not a national one.
Some states would reimplement slavery if you let them
The problem with what you want is the skills required to do minimum wage jobs when you made $2/hour are the same skills required today to do those same jobs. Same skills, same pay.
So a carpenter or electrician should work for $8 an hour like they did in 1972.......same skills.....same job
