Obama gets 3 Pinocchios because minimum wage would strengthen middle class?

[OnePercenter]

Let's approach this from a different perspective shall we?

If there would be no significant changes in larger companies (just split them, easy as pie right) what is the reasoning behind offering the subsidies to smaller companies only?

Offering added help for small business? Really? Small business is the backbone of this country. Small business hires more American people than large multinationals. Why shouldn't the people that do the most hiring receive the most benefits? My plan reduces payroll costs by 80%.

You missed the point of my question. If splitting a larger company into smaller companies will have no repercussions and no real affect, why make them jump through the hoop? If it will be as easy as you suggest to split without making any changes, what benefit will be available to the already small companies that won't be available to the bigger companies through the superficial splitting you are advocating?

Who's splitting? Large companies are already split. Each division in any large company is a separate company.

For tax reasons. Microsoft (Redmond, Washington), Intuit (Mountain View, California), and Swift Transportation (Phoenix, Az) along with thousands more are all Nevada Corporations with offices in Nevada. All are there own entity, but under a corporate banner.

 

[OnePercenter]

Let's approach this from a different perspective shall we?

If there would be no significant changes in larger companies (just split them, easy as pie right) what is the reasoning behind offering the subsidies to smaller companies only?

Offering added help for small business? Really? Small business is the backbone of this country. Small business hires more American people than large multinationals. Why shouldn't the people that do the most hiring receive the most benefits? My plan reduces payroll costs by 80%.

Explain how your plan will reduce payroll costs by 80% while increasing wages by up to 200%.

All employee expenses are reduced to the level of taxes and fees, while the balance is subsidized with reduced returns to the states since states payroll taxes and sales taxes will skyrocket.

 

[Listening]

To the far left the middle class = union jobs.

So yes the minim wage increase helps those in the unions as they will get an instant pay raise.

https://www.opensecrets.org/orgs/list.php

As you can see why the far left really wants the increase..

Yes, the workers that make all the money for business shouldn't be compensated well.

Let them start their own businesses.

 

[Listening]

Obama said:
“So far this year, Republicans in Congress have blocked every serious idea to strengthen the middle class.”
Obama specifically mentioned “lifting the minimum wage, fair pay, student loan reform.”
Obama?s claim that the GOP has ?blocked every serious idea? - The Washington Post

So by blocking a minimum wage that would at MOST raise these people's wages:
According to: http://www.bls.gov/cps/minwage2013.pdf :
1) 797,000 people (25.7%) between 16 to 19 years old work at minimum wage of the total of
2) 3.3 million people that work at minimum wage or 1.1% of Americans

How many households are in the middle class:
Depending on the class model used, the middle class constitutes anywhere from 25% to 66% of households.
In terms of personal income distribution in 2005, that would mean gross annual personal incomes from about $32,500 to $60,000.
American middle class - Wikipedia, the free encyclopedia

So Obama!!!
How can the Middle Class be helped by raising the minimum wage when less then 3.3 million people ALL categorized as basically
living at poverty level or "LOWER" class ???

Lol how do you people not understand that the min wage is the basis of all wages? If you raise the minimum wage, any wage that was lower must be risen.

According the CBO, raising the wage to 10.10 an hour would lift 16 million people out of poverty.

The CBO told us Obamacare would save money too.

Way to go.

 

[auditor0007]

Obama said:
“So far this year, Republicans in Congress have blocked every serious idea to strengthen the middle class.”
Obama specifically mentioned “lifting the minimum wage, fair pay, student loan reform.”
Obama?s claim that the GOP has ?blocked every serious idea? - The Washington Post

So by blocking a minimum wage that would at MOST raise these people's wages:
According to: http://www.bls.gov/cps/minwage2013.pdf :
1) 797,000 people (25.7%) between 16 to 19 years old work at minimum wage of the total of
2) 3.3 million people that work at minimum wage or 1.1% of Americans

How many households are in the middle class:
Depending on the class model used, the middle class constitutes anywhere from 25% to 66% of households.
In terms of personal income distribution in 2005, that would mean gross annual personal incomes from about $32,500 to $60,000.
American middle class - Wikipedia, the free encyclopedia

So Obama!!!
How can the Middle Class be helped by raising the minimum wage when less then 3.3 million people ALL categorized as basically
living at poverty level or "LOWER" class ???

I'm so sick of this stupid argument. The fact is simple; raising the minimum wage will lead to raises for tens of millions in the long run as raising the minimum wage forces all wages higher. Obviously, some of those costs get passed on to the consumer, but not all. It's still a winning formula for workers and the economy as it puts more money in the hands of those who will actually spend it on consumer goods.

 

[auditor0007]

Obama said:
“So far this year, Republicans in Congress have blocked every serious idea to strengthen the middle class.”
Obama specifically mentioned “lifting the minimum wage, fair pay, student loan reform.”
Obama?s claim that the GOP has ?blocked every serious idea? - The Washington Post

So by blocking a minimum wage that would at MOST raise these people's wages:
According to: http://www.bls.gov/cps/minwage2013.pdf :
1) 797,000 people (25.7%) between 16 to 19 years old work at minimum wage of the total of
2) 3.3 million people that work at minimum wage or 1.1% of Americans

How many households are in the middle class:
Depending on the class model used, the middle class constitutes anywhere from 25% to 66% of households.
In terms of personal income distribution in 2005, that would mean gross annual personal incomes from about $32,500 to $60,000.
American middle class - Wikipedia, the free encyclopedia

So Obama!!!
How can the Middle Class be helped by raising the minimum wage when less then 3.3 million people ALL categorized as basically
living at poverty level or "LOWER" class ???

In 2012, 75.3 million workers in the United States age 16 and over were paid at hourly rates, representing 59.0 percent of all wage and salary workers. 1 Among those paid by the hour, 1.6 million earned exactly the prevailing federal minimum wage of $7.25 per hour. About 2.0 million had wages below the federal minimum.2 Together, these 3.6 million workers with wages at or below the federal minimum made up 4.7 percent of all hourly paid workers. Tables 1 through 10 present data on a wide array of demographic and socioeconomic characteristics for hourly paid workers earning at or below the federal minimum wage. The following are some highlights from the 2012 data.

Characteristics of Minimum Wage Workers: 2012

3.6 million are a lot of people.

Any idea how many millions make $.50 to $1.00 over minimum wage? $2.00 over minimum? $3.00 over minimum? $4.00 over minimum? All of these would be affected positively by a raise in the minimum wage as raising the minimum always pushes up everyone's wages. It may not be by as much but it still has a positive affect.

 

[AntiParty]

Obama said:
“So far this year, Republicans in Congress have blocked every serious idea to strengthen the middle class.”
Obama specifically mentioned “lifting the minimum wage, fair pay, student loan reform.”
Obama?s claim that the GOP has ?blocked every serious idea? - The Washington Post

So by blocking a minimum wage that would at MOST raise these people's wages:
According to: http://www.bls.gov/cps/minwage2013.pdf :
1) 797,000 people (25.7%) between 16 to 19 years old work at minimum wage of the total of
2) 3.3 million people that work at minimum wage or 1.1% of Americans

How many households are in the middle class:
Depending on the class model used, the middle class constitutes anywhere from 25% to 66% of households.
In terms of personal income distribution in 2005, that would mean gross annual personal incomes from about $32,500 to $60,000.
American middle class - Wikipedia, the free encyclopedia

So Obama!!!
How can the Middle Class be helped by raising the minimum wage when less then 3.3 million people ALL categorized as basically
living at poverty level or "LOWER" class ???

..AWESOME POST.............

Raising the Minimum wage would raise the wage of the middle class. This should be basic. It would diminish the jobs in the lower class (redneck or black) <--yep, I went there, not only blacks are poor.

ALL CORPORATIONS want to raise the minimum wage. THE LEFT needs to understand this. When McDonalds raises their minimum wage it squeezes out the few left burger joints and creates a MONOPOLY.

Fair wage for a fair days work vs. Minimum Wage are different.

Let me edit on MdDonalds terms.... Raising the minimum wage will never drive up food costs unless the top % that run the corporation decide that they want to drive up the costs in the locations they have never even heard of .

But raising the minimum wage isn't the only option. Paying the hard workers what they deserve is the Corporate responsibility.

 

[OnePercenter]

To the far left the middle class = union jobs.

So yes the minim wage increase helps those in the unions as they will get an instant pay raise.

https://www.opensecrets.org/orgs/list.php

As you can see why the far left really wants the increase..

Yes, the workers that make all the money for business shouldn't be compensated well.

Let them start their own businesses.

Typical self-centered prick answer. Are you a sociopath?

 

[OnePercenter]

Obama said:
“So far this year, Republicans in Congress have blocked every serious idea to strengthen the middle class.”
Obama specifically mentioned “lifting the minimum wage, fair pay, student loan reform.”
Obama?s claim that the GOP has ?blocked every serious idea? - The Washington Post

So by blocking a minimum wage that would at MOST raise these people's wages:
According to: http://www.bls.gov/cps/minwage2013.pdf :
1) 797,000 people (25.7%) between 16 to 19 years old work at minimum wage of the total of
2) 3.3 million people that work at minimum wage or 1.1% of Americans

How many households are in the middle class:
Depending on the class model used, the middle class constitutes anywhere from 25% to 66% of households.
In terms of personal income distribution in 2005, that would mean gross annual personal incomes from about $32,500 to $60,000.
American middle class - Wikipedia, the free encyclopedia

So Obama!!!
How can the Middle Class be helped by raising the minimum wage when less then 3.3 million people ALL categorized as basically
living at poverty level or "LOWER" class ???

I'm so sick of this stupid argument. The fact is simple; raising the minimum wage will lead to raises for tens of millions in the long run as raising the minimum wage forces all wages higher. Obviously, some of those costs get passed on to the consumer, but not all. It's still a winning formula for workers and the economy as it puts more money in the hands of those who will actually spend it on consumer goods.

Prices will rise whether or not workers wages rise. Stockholders will always want a bigger return, and of course they count more than workers, the people that actually make the money for the company.

 

[Mathbud1]

Offering added help for small business? Really? Small business is the backbone of this country. Small business hires more American people than large multinationals. Why shouldn't the people that do the most hiring receive the most benefits? My plan reduces payroll costs by 80%.

You missed the point of my question. If splitting a larger company into smaller companies will have no repercussions and no real affect, why make them jump through the hoop? If it will be as easy as you suggest to split without making any changes, what benefit will be available to the already small companies that won't be available to the bigger companies through the superficial splitting you are advocating?

Who's splitting? Large companies are already split. Each division in any large company is a separate company.

For tax reasons. Microsoft (Redmond, Washington), Intuit (Mountain View, California), and Swift Transportation (Phoenix, Az) along with thousands more are all Nevada Corporations with offices in Nevada. All are there own entity, but under a corporate banner.

I'll try one more time to get through to you.

If most or all large companies already are split into companies of no more than 300 people or will experience no adverse consequences to splitting into such companies, what is the reason behind your plan offering subsidy to only companies of 300 employees or less? If all companies already fit that category or will easily change to fit it, why not simply subsidize all companies without the limitation? If there is no motivation behind that rule, why include that rule?

 

[FireFly]

i suppose it would

because the minimum wage will remain the minimum

all other things will adjust accordingly

will they be better off

not really everyone just moves along a scale

some may actually do worse

ROFLMAO!

Don't read much history do you?

Flunk economics 101?

Explain why you are ridiculing that post.

If it has to be explained to you, you are to clueless to understand.

 

[Listening]

Yes, the workers that make all the money for business shouldn't be compensated well.

Let them start their own businesses.

Typical self-centered prick answer. Are you a sociopath?

Awwww.........

Does the truth hurt ?

 

[Skull Pilot]

I'm still waiting for an answer to the question:

Since when have minimum wage workers ever been considered middle class?

 

[Mathbud1]

Obama said:
“So far this year, Republicans in Congress have blocked every serious idea to strengthen the middle class.”
Obama specifically mentioned “lifting the minimum wage, fair pay, student loan reform.”
Obama?s claim that the GOP has ?blocked every serious idea? - The Washington Post

So by blocking a minimum wage that would at MOST raise these people's wages:
According to: http://www.bls.gov/cps/minwage2013.pdf :
1) 797,000 people (25.7%) between 16 to 19 years old work at minimum wage of the total of
2) 3.3 million people that work at minimum wage or 1.1% of Americans

How many households are in the middle class:
Depending on the class model used, the middle class constitutes anywhere from 25% to 66% of households.
In terms of personal income distribution in 2005, that would mean gross annual personal incomes from about $32,500 to $60,000.
American middle class - Wikipedia, the free encyclopedia

So Obama!!!
How can the Middle Class be helped by raising the minimum wage when less then 3.3 million people ALL categorized as basically
living at poverty level or "LOWER" class ???

I'm so sick of this stupid argument. The fact is simple; raising the minimum wage will lead to raises for tens of millions in the long run as raising the minimum wage forces all wages higher. Obviously, some of those costs get passed on to the consumer, but not all. It's still a winning formula for workers and the economy as it puts more money in the hands of those who will actually spend it on consumer goods.

Prices will rise whether or not workers wages rise. Stockholders will always want a bigger return, and of course they count more than workers, the people that actually make the money for the company.

Let's examine that statement shall we?

If a company automated away all laborer positions so that there were no more laborers left in the company, would that company still make money? Their automated process still makes product, they are still able to sell the product, they can still design new products, they still make payroll, and they still have a working computer network. They still make money.

Flipside time.

If a company eliminated all positions except laborers, would that company still make money? They have no new products because they have no R&D. They can't make payroll because they have no finance department. They can't sell the products because they have no marketing or sales department. They have no working computers because they have no IT department. They have no management to organize the laborers. Do they make money? No.

So how is it that a company without any laborers could still make money and a company of only laborers could not if laborers are who "make the money for the company?"

 

[Idadunno]

The problem with raising min wage is that it automatically raises prices. Businesses have to raise prices to accommodate wage increases, and many businesses will raise prices to take advantage of consumers having more money. People will not be any better off. They will make more money, but they will not recognize any difference in their budget. It's similar to raising the debt ceiling--it solves nothing, just increases the debt.
Interesting thing about the middle class--Napoleon (pre-emperor phase) pushed for reform to increase the middle class because educated people did not protest and revolt like under-educated poor people. They talked and ranted a lot about it in pubs, homes, or society meetings, but they did not protest.