MW advocates - what are the downsides of minimum wage?

[Wyatt earp]

You can't get ahead if everyone gets a raise..


Duh!


Economics 101

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[Lesh]

If MW were raised to $11 an hour , welfare use would drop by at least 15% by most studies. That's a pretty good savings of tax dollars.

How much will inflation go up after they have to give me and every other worker above minimum wage another $4.00 an hour raise to keep my pay in line?

How silly. First of all, sorry you're only earning minimum wage, second of all, a small portion of wage earners are and would thus receive a $4 an hour raise. Most people are already around the $9-10 range (lower end workers we're talking about) and thus would receive at most a $2 an hour raise, and that is if we immediately raised it to the correct level, which I haven't advocated.

So people making $9 an hour would get a raise to make minimum wage


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You understand that a $9/hr wage results in $18K for the YEAR right?

You understand it's still minimum wage right?

Call it anything you want. I call it $6K in the pockets of people who previously made only $18K

 

[DandyDonovan]

Common sense says it won't work and history proves that costs or unemployment will have to increase.

Common sense is obviously something completely foreign to you.

History has shown conclusively that we don't actually know what raising the MW does to unemployment nor inflation, because we've never fucking done it. The MW has steadily lost value since 1938. To the point now that it i worth 88% of what it was as short as 40 years ago.

So just stop with your nonfactual "history has shown us" nonsense.

What are you smoking? We have done it forever and it still leads to the same result . They are still making minimum wage

.
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We've done what forever? Raised the minimum wage? What utter nonsense. If inflation over a 4 year period is 8% and your employee gives you a 2% raise over the same time frame, have you really received a 2% raise? The answer is most assuredly no .

 

[Lesh]

You can't get ahead if everyone gets a raise..


Duh!


Economics 101

.

I suggest you take that class over again. "Getting ahead" of the guy next to you is not what it's about. Paying your bills is

 

[Wyatt earp]

How much will inflation go up after they have to give me and every other worker above minimum wage another $4.00 an hour raise to keep my pay in line?

How silly. First of all, sorry you're only earning minimum wage, second of all, a small portion of wage earners are and would thus receive a $4 an hour raise. Most people are already around the $9-10 range (lower end workers we're talking about) and thus would receive at most a $2 an hour raise, and that is if we immediately raised it to the correct level, which I haven't advocated.

So people making $9 an hour would get a raise to make minimum wage


.

You understand that a $9/hr wage results in $18K for the YEAR right?

You understand it's still minimum wage right?

Call it anything you want. I call it $6K in the pockets of people who previously made only $18K

And when you have to pay out 6k more ..


You never get ahead .


God are you stupid

.

 

[Wyatt earp]

You can't get ahead if everyone gets a raise..


Duh!


Economics 101

.

I suggest you take that class over again. "Getting ahead" of the guy next to you is not what it's about. Paying your bills is

You will never get ahead if everyone gets a raise, it's common sense..

 

[Wyatt earp]

You can't get ahead if everyone gets a raise..


Duh!


Economics 101

.

I suggest you take that class over again. "Getting ahead" of the guy next to you is not what it's about. Paying your bills is

How the fuck can you pay your bills when everything now cost more?


You think by artificial raising wages a banana will cost the same.

 

[DandyDonovan]

You can't get ahead if everyone gets a raise..


Duh!


Economics 101

.

I suggest you take that class over again. "Getting ahead" of the guy next to you is not what it's about. Paying your bills is

You will never get ahead if everyone gets a raise, it's common sense..

That's just silly. If a guy is making $1M and he gets a raise to $1.1M a year he's ahead even if the people who were previously making $10K a year are now making $20K a year.

I mean I know what you'r e getting at , and yes at some point inflation would outpace the raises , but most people recognize this and are for modest increases. Stop lumping everyone into the "$15 an hour" crowd and your arguments will sound less insane.

 

[Wyatt earp]

You can't get ahead if everyone gets a raise..


Duh!


Economics 101

.

I suggest you take that class over again. "Getting ahead" of the guy next to you is not what it's about. Paying your bills is

You will never get ahead if everyone gets a raise, it's common sense..

That's just silly. If a guy is making $1M and he gets a raise to $1.1M a year he's ahead even if the people who were previously making $10K a year are now making $20K a year.

I mean I know what you'r e getting at , and yes at some point inflation would outpace the raises , but most people recognize this and are for modest increases. Stop lumping everyone into the "$15 an hour" crowd and your arguments will sound less insane.

Google it you idiot 40% plus workers are making $15 or less..

 

[Lesh]

Whats the difference? Both reduce your taxable income. Matter of fact I use the two interchangeably.

And neither compensates a business owner for increased labor costs. Not even sure why you brought it up. It's irrelevant.

the increased "tax write off" does that.

There is a significant difference between a tax deduction and a tax credit. They're only getting a deduction.

Plus they're still having to use current cash flow to pay the employees long before any deductions are claimed or realized.

This just isn't a selling point to a business owner. Anyone trying this one would get laughed out of a business owner's office.
.

You realize that businesses pay their quarterly taxes in advance...right?

Yes. I do, and so do my business owner clients. The cash still has to be there. And they're still only getting deductions.
.

"Only getting deduction"?

That means that they come right off the top of gross revenue.

Make $100K in revenue and have $80K in expenses (including payroll) and you're taxed on $20K

Make $100K and have $90K in expenses and you're taxed on $10K

It's not dollar for dollar but it mitigates the increase tremendously

 

[Wyatt earp]

You can't get ahead if everyone gets a raise..


Duh!


Economics 101

.

I suggest you take that class over again. "Getting ahead" of the guy next to you is not what it's about. Paying your bills is

You will never get ahead if everyone gets a raise, it's common sense..

That's just silly. If a guy is making $1M and he gets a raise to $1.1M a year he's ahead even if the people who were previously making $10K a year are now making $20K a year.

I mean I know what you'r e getting at , and yes at some point inflation would outpace the raises , but most people recognize this and are for modest increases. Stop lumping everyone into the "$15 an hour" crowd and your arguments will sound less insane.

And what's this shit..you really think raising the MW everyone gets a huge raise?


No it's trickle up poor, instead of 3% of people making minimum wage now you have 40% of Americans making around minimum wage..


That's socialism/communism


.

 

[DandyDonovan]

You can't get ahead if everyone gets a raise..


Duh!


Economics 101

.

I suggest you take that class over again. "Getting ahead" of the guy next to you is not what it's about. Paying your bills is

You will never get ahead if everyone gets a raise, it's common sense..

That's just silly. If a guy is making $1M and he gets a raise to $1.1M a year he's ahead even if the people who were previously making $10K a year are now making $20K a year.

I mean I know what you'r e getting at , and yes at some point inflation would outpace the raises , but most people recognize this and are for modest increases. Stop lumping everyone into the "$15 an hour" crowd and your arguments will sound less insane.

Google it you idiot 40% plus workers are making $15 or less..

who cares? I haven't suggested raising the minimum wage to $15 . I oppose that.

You are stupid.

 

[danielpalos]

How much will inflation go up after they have to give me and every other worker above minimum wage another $4.00 an hour raise to keep my pay in line?

How silly. First of all, sorry you're only earning minimum wage, second of all, a small portion of wage earners are and would thus receive a $4 an hour raise. Most people are already around the $9-10 range (lower end workers we're talking about) and thus would receive at most a $2 an hour raise, and that is if we immediately raised it to the correct level, which I haven't advocated.

So people making $9 an hour would get a raise to make minimum wage


.

You understand that a $9/hr wage results in $18K for the YEAR right?

You understand it's still minimum wage right?

It's the bottom/zero/zilch..why can't you assholes comprehend it?


.

what is zero?

 

[DandyDonovan]

what is zero?

Your IQ

 

[Wyatt earp]

what is zero?

Your IQ

That doesn't even make sense newbie..


You still can't comprehend raising the minimum wage you accomplish nothing except votes?


.

 

[Mac1958]

And neither compensates a business owner for increased labor costs. Not even sure why you brought it up. It's irrelevant.

the increased "tax write off" does that.

There is a significant difference between a tax deduction and a tax credit. They're only getting a deduction.

Plus they're still having to use current cash flow to pay the employees long before any deductions are claimed or realized.

This just isn't a selling point to a business owner. Anyone trying this one would get laughed out of a business owner's office.
.

You realize that businesses pay their quarterly taxes in advance...right?

Yes. I do, and so do my business owner clients. The cash still has to be there. And they're still only getting deductions.
.

"Only getting deduction"?

That means that they come right off the top of gross revenue.

Make $100K in revenue and have $80K in expenses (including payroll) and you're taxed on $20K

Make $100K and have $90K in expenses and you're taxed on $10K

It's not dollar for dollar but it mitigates the increase tremendously

Sure it mitigates it, but it is still a net expense because it's not a credit. A business owner will point that out right away.

I'm actually not arguing against raising the MW (I give reasons for it in post 112), I'm just trying to stay factual. My reasons for supporting are more cultural than economic.
.

 

[Wyatt earp]

You can't get ahead if everyone gets a raise..


Duh!


Economics 101

.

I suggest you take that class over again. "Getting ahead" of the guy next to you is not what it's about. Paying your bills is

You will never get ahead if everyone gets a raise, it's common sense..

That's just silly. If a guy is making $1M and he gets a raise to $1.1M a year he's ahead even if the people who were previously making $10K a year are now making $20K a year.

I mean I know what you'r e getting at , and yes at some point inflation would outpace the raises , but most people recognize this and are for modest increases. Stop lumping everyone into the "$15 an hour" crowd and your arguments will sound less insane.

Google it you idiot 40% plus workers are making $15 or less..

who cares? I haven't suggested raising the minimum wage to $15 . I oppose that.

You are stupid.

Yea you want to not and pick so no one is aware ...that prices go up and you are not doing a fucking thing.


.

 

[danielpalos]

what is zero?

Your IQ

why do you believe that?

 

[Wyatt earp]

the increased "tax write off" does that.

There is a significant difference between a tax deduction and a tax credit. They're only getting a deduction.

Plus they're still having to use current cash flow to pay the employees long before any deductions are claimed or realized.

This just isn't a selling point to a business owner. Anyone trying this one would get laughed out of a business owner's office.
.

You realize that businesses pay their quarterly taxes in advance...right?

Yes. I do, and so do my business owner clients. The cash still has to be there. And they're still only getting deductions.
.

"Only getting deduction"?

That means that they come right off the top of gross revenue.

Make $100K in revenue and have $80K in expenses (including payroll) and you're taxed on $20K

Make $100K and have $90K in expenses and you're taxed on $10K

It's not dollar for dollar but it mitigates the increase tremendously

Sure it mitigates it, but it is still a net expense because it's not a credit. A business owner will point that out right away.

I'm actually not arguing against raising the MW (I give reasons for it in post 112), I'm just trying to stay factual. My reasons for supporting are more cultural than economic.
.

Yea you want it to feel good.

Yet instead of paying $1 buck for a coke you now pay $1.28.


.

 

[LoneLaugher]

If raising the minimum wage actually caused unemployment and inflation, if be against it too. But it doesn't.