Small Businesses in NYC Struggling with $15 Minimum Wage

[Papageorgio]

It isn't just small businesses and it has nothing to do with the Minimum Wage.

Eventually common sense needs to break through your partisan wall.

If a company has X amount of money to spend on labor and the cost of that labor suddenly goes up without a corresponding rise in revenue then something has to give.

The problem is that companies have been increasing profits for the past 30 years, without increasing wages. Wages as a percentage of costs, have been steadily decreasing while profits have been steadily rising. Employers have managed to absorb increases in every other expense category - real estate, equipment, utilities, transportation and supplies, but have steadfastly resisted increases in wages, even as GDP rose. The excuse given was that productivity increases were due to automation, not worker performance.

Wages are now at the same level, as a percentage of costs, as they were in the Guilded Age, and that level of pay inequity, lead to the rise of the union movement in the USA. Reagan promised all American workers a raise when they got rid of the unions. The opposite happened. The American worker hasn't had a meaningful increase in pay since the union movement was destroyed by Republican policies and lies.

Republicans promised that W's tax cuts would trickle down to the workers, even though "trickle down" economics was discredited when Reagan was President. W's tax cut simply accelerated the transfer of wealth from othe middle class to the wealthy, while earned income credits were raised to compensate for a lack of wage increases.

Corporations were awash in cash BEFORE Trump cut taxes to the corporations. He promised that workers would get a $4000 raise from those corporate tax cuts, and that didn't happen. Instead a mere 5% got a one time bonus, and corporations launched the biggest stock buy-back in American history, increasing the equity value of their own shares, enriching their shareholders with no tax implications whatsoever, and giving their workers nothing.

So stop with the gloom and doom and tears for the corporate sector. Maybe those CEO's making $20 million per year on the backs of workers making minimum wage, can forego further increases to THEIR salaries for a while.

You are mixing small business and big business into the same argument and losing because of it. The people hurt by the wage increase are not the companies that have 40 million dollar CEO, it is the mom and pop store on the corner.

Amazon supports minimum wage increases because it harms their competition much more than them. They hope to use the increases to drive more companies from the market place

I agree, the bookstore in NY she talks about is a big competitor with Amazon, Barnes and Noble and Apple, who want to rid America of the mom and pops, just like Walmart did. The Home Depots, Lowes are taking out the locally owned Ace Hardware stores.

The thing I like about rural America and rural Canada is the small businesses that mom and pops own. You find variety and a uniqueness about them. I can't stand the box stores with no personality and everyone carrying the same stuff.

We need the small businesses to succeed and not let the giant corporations kill them off.

 

[Dragonlady]

We have 3.7 percent unemployment

And $15/hour is not the standard minimum wage...dumbass.

Ya think?

Minimum wage workers are about 3 percent of the workforce. Cutting minimum wage workers will have minimal effect

If you own a business and want to sweep your own floors and clean your own toilets....you can

Sigh...logic and common sense certainly in not in your wheelhouse. About 42% of workers in the US make $15/hour or less.

Yes the same 40% of full time American workers who rely on government handouts via earned income credits, food stamps, MedicAid, Section 8 or some combination thereof to provide food basic necessities for themselves and their families.

The idea being that profits have never been higher for American businesses and they just got a 12% tax cut which Trump promised would go to the American workers via raises. It didn't impact wages one bit. It went directly to the shareholders via massive corporate share buy-backs.

This was THE major promise of the Trump Campaign. Blue collar and low wage workers voted for that $4000 worker wage increases that have been promised to them since Reagan busted the unions. First off Trump promised the tax cut to the middle class at the expense of the wealthy and delivered the opposite. Secondly he promised workers he would bring back manufacturing jobs, and he's failed miserably to do that. And secondly, he promised workers wage increases from the corporate tax cuts and that didn't happen.

Blue collar workers don't give a rat's ass about a Wall, or illegal immigrants, they want to be able to work and support their families, and Trump has made the plight of the 40% of American workers making less than $15 per hour, much, much worse.

Get back to us when Canada implements a $15/hour minimum wage.

We already did. Years ago. The asshole Conservative we elected Premier, rolled it back. He won't be re-elected.

Ontario government to halt $15 minimum wage hike set to kick in next year

 

[Papageorgio]

Well that's shocking.

That it is.

Only a moron wouldn't see small businesses closing because of that ridiculous $15 dollar an hour minimum wage.

Minimum wage was never meant to support anyone. It was meant for high school kids to make a little cash at night and on summer vacation.

Only idiots would demand a $15 dollar an hour minimum wage. Prices will go up to cover it. Hours will be cut, workers let go and small businesses will just close.

Not to smart.

What they fail to understand is when an employer gives a dollar an hour raise, it costs the employer more than that dollar. Other things increase in cost as well, such as vacation time where you are getting paid to not work. Social Security and Medicare contributions since your employer has to match those contributions and you will be paying more into them. Insurances increase as well because if something happens to you like getting laid off or getting hurt on the job, the payout is based on how much you make per month.

When you take a huge pay increase like this, the employer has to take huge other losses on top of it.

What YOU fail to realize is that the small business owner can deduct ALL of those costs from their gross income and reduce their tax liability accordingly. Every dollar an employer spends on wages, only costs the business owner 78 cents because they would pay income tax of 22% on that additional profit, so the business owner is only out of pocket 78 cents, not one dollar.

On the other hand, earned income credits cost taxpayers $3 billion per year just for administration of this program. That's over and above the costs of the benefits paid to low income workers.

Earned Income Tax Credit: Small Benefits, Large Costs

By shifting the burden for employee wages back to the employer, the economy will save all of the costs of running this program, as well as the costs of the benefits paid. Employers are only paying 78 cents on the dollar for every dollar of wage increases they pay.

You're picking up the peanuts while being trampled by the elephants, Ray. The Waltons don't need more dividends, stop paying their workers for them.

According to the Bureau of Labor an employee that gets paid $9.15 an hour costs an employer $20.91 per hour. That is including taxes, benefits, physical work space, computers and other office equipment, insurance and other costs.

So, the isn't 78 cents on the dollar, that is a simplistic look at a more complex cost.

Raising the wage for that employee does not raise the cost of their benefits, their physical work space, computers and other office equipment, insurance and other costs, because only the wage component is rising here. Raising wages by $6.00 per hour doesn't raise any of the addition costs per employee. Raising the $9.15 per hour was to $15.00 (a 65% increase) will only increase the employers' costs by $4.68 per hour because the remaining $1.32 (22%) would have been paid to the government in taxes on the profits. The increase in wages is fully tax deductible, hence the cost to the employer is only 78% of the money the employee receives.

So that $20.91 cost per hour rises to $25.59 per hour. Yes, this is a 23% increase in low end labour costs, but the lowest paid workers are getting a 65% wage increase. And here is the bald truth - the employer has paid for increased costs for every one of the non-wage expenses for employees without complaint, while using increases in these costs to justify not giving employees raises, all while booking the highest profits in history.

I did complex financial analysis on profitablility for living, Bucko. I can read a balance sheet backwards, while wearing high heels. I can parse out depreciation, the costs of short and long term liability, and whether or not a company is carrying too much inventory just by looking at their balance sheets.

Do you have any other conservative fiscal myths you'd like me to destroy?

You are wrong, I know, I have been there and done that here in the United States. When you raise the wage you raise the cost of insurance, SSI, workman's comp and benefits, the price on everyone of these go up. Small businesses are not reaping the highest profits in history, your big corporations, not the small businesses. Small businesses still struggle, the chain stores do well, that is why you are seeing less and less mom and pops and more box stores and chain stores. It is a sad fact. Let me know when you destroy a myth, so far you have babbled nothing but pie in the sky BS.

 

[Thinker101]

And $15/hour is not the standard minimum wage...dumbass.

Ya think?

Minimum wage workers are about 3 percent of the workforce. Cutting minimum wage workers will have minimal effect

If you own a business and want to sweep your own floors and clean your own toilets....you can

Sigh...logic and common sense certainly in not in your wheelhouse. About 42% of workers in the US make $15/hour or less.

Yes the same 40% of full time American workers who rely on government handouts via earned income credits, food stamps, MedicAid, Section 8 or some combination thereof to provide food basic necessities for themselves and their families.

The idea being that profits have never been higher for American businesses and they just got a 12% tax cut which Trump promised would go to the American workers via raises. It didn't impact wages one bit. It went directly to the shareholders via massive corporate share buy-backs.

This was THE major promise of the Trump Campaign. Blue collar and low wage workers voted for that $4000 worker wage increases that have been promised to them since Reagan busted the unions. First off Trump promised the tax cut to the middle class at the expense of the wealthy and delivered the opposite. Secondly he promised workers he would bring back manufacturing jobs, and he's failed miserably to do that. And secondly, he promised workers wage increases from the corporate tax cuts and that didn't happen.

Blue collar workers don't give a rat's ass about a Wall, or illegal immigrants, they want to be able to work and support their families, and Trump has made the plight of the 40% of American workers making less than $15 per hour, much, much worse.

Get back to us when Canada implements a $15/hour minimum wage.

We already did. Years ago. The asshole Conservative we elected Premier, rolled it back. He won't be re-elected.

Ontario government to halt $15 minimum wage hike set to kick in next year

I may be mistaken, but Canada consists on more than Ontario.

 

[Dragonlady]

It isn't just small businesses and it has nothing to do with the Minimum Wage.

Eventually common sense needs to break through your partisan wall.

If a company has X amount of money to spend on labor and the cost of that labor suddenly goes up without a corresponding rise in revenue then something has to give.

The problem is that companies have been increasing profits for the past 30 years, without increasing wages. Wages as a percentage of costs, have been steadily decreasing while profits have been steadily rising. Employers have managed to absorb increases in every other expense category - real estate, equipment, utilities, transportation and supplies, but have steadfastly resisted increases in wages, even as GDP rose. The excuse given was that productivity increases were due to automation, not worker performance.

Wages are now at the same level, as a percentage of costs, as they were in the Guilded Age, and that level of pay inequity, lead to the rise of the union movement in the USA. Reagan promised all American workers a raise when they got rid of the unions. The opposite happened. The American worker hasn't had a meaningful increase in pay since the union movement was destroyed by Republican policies and lies.

Republicans promised that W's tax cuts would trickle down to the workers, even though "trickle down" economics was discredited when Reagan was President. W's tax cut simply accelerated the transfer of wealth from othe middle class to the wealthy, while earned income credits were raised to compensate for a lack of wage increases.

Corporations were awash in cash BEFORE Trump cut taxes to the corporations. He promised that workers would get a $4000 raise from those corporate tax cuts, and that didn't happen. Instead a mere 5% got a one time bonus, and corporations launched the biggest stock buy-back in American history, increasing the equity value of their own shares, enriching their shareholders with no tax implications whatsoever, and giving their workers nothing.

So stop with the gloom and doom and tears for the corporate sector. Maybe those CEO's making $20 million per year on the backs of workers making minimum wage, can Jusforego further increases to THEIR salaries for a while.

You are mixing small business and big business into the same argument and losing because of it. The people hurt by the wage increase are not the companies that have 40 million dollar CEO, it is the mom and pop store on the corner.

Amazon supports minimum wage increases because it harms their competition much more than them. They hope to use the increases to drive more companies from the market place

I agree, the bookstore in NY she talks about is a big competitor with Amazon, Barnes and Noble and Apple, who want to rid America of the mom and pops, just like Walmart did. The Home Depots, Lowes are taking out the locally owned Ace Hardware stores.

The thing I like about rural America and rural Canada is the small businesses that mom and pops own. You find variety and a uniqueness about them. I can't stand the box stores with no personality and everyone carrying the same stuff.

We need the small businesses to succeed and not let the giant corporations kill them off.

Small businesses contribute large amounts of money to the local economy - through their employees, and through business taxes. Just look at who sponsors your local little league teams, and local cultural events. Yes the prices at Mom and Pop stores are higher. They don't have the buying power of thousands of stores, they're just a working family, like you and I, trying to make a living by contributing to their communities via their goods and services. Walmart is trying to buy the Waltons biggest yachts.
.

 

[Redfish]

Sure, it also creates fewer jobs which results in less taxes....get a clue.

We have 3.7 percent unemployment

And $15/hour is not the standard minimum wage...dumbass.

Ya think?

Minimum wage workers are about 3 percent of the workforce. Cutting minimum wage workers will have minimal effect

If you own a business and want to sweep your own floors and clean your own toilets....you can

If they have to pay someone $15/hr to do it, then that may be their only choice if they want to stay in business.

the falacy here is that people are trying to support families on minimum wage jobs. Minimum wage is only paid to teens for summer work or for the most unskilled labor, very few fast food outlets are paying minimum wage. Here in NOLA the fast food places are advertising starting jobs at above minimum wage, some even with starting bonuses.

the whole minimum wage issue if a false canard created by the dems to get americans yelling at each other.

The fallacy here is that the average age of minimum wage workers is 27, not 17, and yes, many are trying to support families on minimum wages, hence the number of minimum wage workers receiving food stamps for their children. McDonald's put out a "budgetting tips" handout for employees on how to live on their shitty wages which included both a 2nd job, AND applying for social assistance.

your basic premise is flawed. the government does not OWE every citizen a "living wage" whatever the hell that is.

 

[Redfish]

It isn't just small businesses and it has nothing to do with the Minimum Wage.

Eventually common sense needs to break through your partisan wall.

If a company has X amount of money to spend on labor and the cost of that labor suddenly goes up without a corresponding rise in revenue then something has to give.

The problem is that companies have been increasing profits for the past 30 years, without increasing wages. Wages as a percentage of costs, have been steadily decreasing while profits have been steadily rising. Employers have managed to absorb increases in every other expense category - real estate, equipment, utilities, transportation and supplies, but have steadfastly resisted increases in wages, even as GDP rose. The excuse given was that productivity increases were due to automation, not worker performance.

Wages are now at the same level, as a percentage of costs, as they were in the Guilded Age, and that level of pay inequity, lead to the rise of the union movement in the USA. Reagan promised all American workers a raise when they got rid of the unions. The opposite happened. The American worker hasn't had a meaningful increase in pay since the union movement was destroyed by Republican policies and lies.

Republicans promised that W's tax cuts would trickle down to the workers, even though "trickle down" economics was discredited when Reagan was President. W's tax cut simply accelerated the transfer of wealth from othe middle class to the wealthy, while earned income credits were raised to compensate for a lack of wage increases.

Corporations were awash in cash BEFORE Trump cut taxes to the corporations. He promised that workers would get a $4000 raise from those corporate tax cuts, and that didn't happen. Instead a mere 5% got a one time bonus, and corporations launched the biggest stock buy-back in American history, increasing the equity value of their own shares, enriching their shareholders with no tax implications whatsoever, and giving their workers nothing.

So stop with the gloom and doom and tears for the corporate sector. Maybe those CEO's making $20 million per year on the backs of workers making minimum wage, can Jusforego further increases to THEIR salaries for a while.

You are mixing small business and big business into the same argument and losing because of it. The people hurt by the wage increase are not the companies that have 40 million dollar CEO, it is the mom and pop store on the corner.

Amazon supports minimum wage increases because it harms their competition much more than them. They hope to use the increases to drive more companies from the market place

I agree, the bookstore in NY she talks about is a big competitor with Amazon, Barnes and Noble and Apple, who want to rid America of the mom and pops, just like Walmart did. The Home Depots, Lowes are taking out the locally owned Ace Hardware stores.

The thing I like about rural America and rural Canada is the small businesses that mom and pops own. You find variety and a uniqueness about them. I can't stand the box stores with no personality and everyone carrying the same stuff.

We need the small businesses to succeed and not let the giant corporations kill them off.

Small businesses contribute large amounts of money to the local economy - through their employees, and through business taxes. Just look at who sponsors your local little league teams, and local cultural events. Yes the prices at Mom and Pop stores are higher. They don't have the buying power of thousands of stores, they're just a working family, like you and I, trying to make a living by contributing to their communities via their goods and services. Walmart is trying to buy the Waltons biggest yachts.
.

I dont shop walmart, do you?

 

[Missouri_Mike]

Well that's shocking.

That it is.

Only a moron wouldn't see small businesses closing because of that ridiculous $15 dollar an hour minimum wage.

Minimum wage was never meant to support anyone. It was meant for high school kids to make a little cash at night and on summer vacation.

Only idiots would demand a $15 dollar an hour minimum wage. Prices will go up to cover it. Hours will be cut, workers let go and small businesses will just close.

Not to smart.

What they fail to understand is when an employer gives a dollar an hour raise, it costs the employer more than that dollar. Other things increase in cost as well, such as vacation time where you are getting paid to not work. Social Security and Medicare contributions since your employer has to match those contributions and you will be paying more into them. Insurances increase as well because if something happens to you like getting laid off or getting hurt on the job, the payout is based on how much you make per month.

When you take a huge pay increase like this, the employer has to take huge other losses on top of it.

What YOU fail to realize is that the small business owner can deduct ALL of those costs from their gross income and reduce their tax liability accordingly. Every dollar an employer spends on wages, only costs the business owner 78 cents because they would pay income tax of 22% on that additional profit, so the business owner is only out of pocket 78 cents, not one dollar.

On the other hand, earned income credits cost taxpayers $3 billion per year just for administration of this program. That's over and above the costs of the benefits paid to low income workers.

Earned Income Tax Credit: Small Benefits, Large Costs

By shifting the burden for employee wages back to the employer, the economy will save all of the costs of running this program, as well as the costs of the benefits paid. Employers are only paying 78 cents on the dollar for every dollar of wage increases they pay.

You're picking up the peanuts while being trampled by the elephants, Ray. The Waltons don't need more dividends, stop paying their workers for them.

According to the Bureau of Labor an employee that gets paid $9.15 an hour costs an employer $20.91 per hour. That is including taxes, benefits, physical work space, computers and other office equipment, insurance and other costs.

So, the isn't 78 cents on the dollar, that is a simplistic look at a more complex cost.

Raising the wage for that employee does not raise the cost of their benefits, their physical work space, computers and other office equipment, insurance and other costs, because only the wage component is rising here. Raising wages by $6.00 per hour doesn't raise any of the addition costs per employee. Raising the $9.15 per hour was to $15.00 (a 65% increase) will only increase the employers' costs by $4.68 per hour because the remaining $1.32 (22%) would have been paid to the government in taxes on the profits. The increase in wages is fully tax deductible, hence the cost to the employer is only 78% of the money the employee receives.

So that $20.91 cost per hour rises to $25.59 per hour. Yes, this is a 23% increase in low end labour costs, but the lowest paid workers are getting a 65% wage increase. And here is the bald truth - the employer has paid for increased costs for every one of the non-wage expenses for employees without complaint, while using increases in these costs to justify not giving employees raises, all while booking the highest profits in history.

I did complex financial analysis on profitablility for living, Bucko. I can read a balance sheet backwards, while wearing high heels. I can parse out depreciation, the costs of short and long term liability, and whether or not a company is carrying too much inventory just by looking at their balance sheets.

Do you have any other conservative fiscal myths you'd like me to destroy?

Any financial analyst that thinks losing profit on labor because it’s tax deductible should be allowed to count turds in a dog park. When you were walking backward in heels did you fall and hit your damn head or something?

 

[Dekster]

It isn't just small businesses and it has nothing to do with the Minimum Wage.

Eventually common sense needs to break through your partisan wall.

If a company has X amount of money to spend on labor and the cost of that labor suddenly goes up without a corresponding rise in revenue then something has to give.

The problem is that companies have been increasing profits for the past 30 years, without increasing wages. Wages as a percentage of costs, have been steadily decreasing while profits have been steadily rising. Employers have managed to absorb increases in every other expense category - real estate, equipment, utilities, transportation and supplies, but have steadfastly resisted increases in wages, even as GDP rose. The excuse given was that productivity increases were due to automation, not worker performance.

Wages are now at the same level, as a percentage of costs, as they were in the Guilded Age, and that level of pay inequity, lead to the rise of the union movement in the USA. Reagan promised all American workers a raise when they got rid of the unions. The opposite happened. The American worker hasn't had a meaningful increase in pay since the union movement was destroyed by Republican policies and lies.

Republicans promised that W's tax cuts would trickle down to the workers, even though "trickle down" economics was discredited when Reagan was President. W's tax cut simply accelerated the transfer of wealth from othe middle class to the wealthy, while earned income credits were raised to compensate for a lack of wage increases.

Corporations were awash in cash BEFORE Trump cut taxes to the corporations. He promised that workers would get a $4000 raise from those corporate tax cuts, and that didn't happen. Instead a mere 5% got a one time bonus, and corporations launched the biggest stock buy-back in American history, increasing the equity value of their own shares, enriching their shareholders with no tax implications whatsoever, and giving their workers nothing.

So stop with the gloom and doom and tears for the corporate sector. Maybe those CEO's making $20 million per year on the backs of workers making minimum wage, can Jusforego further increases to THEIR salaries for a while.

You are mixing small business and big business into the same argument and losing because of it. The people hurt by the wage increase are not the companies that have 40 million dollar CEO, it is the mom and pop store on the corner.

Amazon supports minimum wage increases because it harms their competition much more than them. They hope to use the increases to drive more companies from the market place

I agree, the bookstore in NY she talks about is a big competitor with Amazon, Barnes and Noble and Apple, who want to rid America of the mom and pops, just like Walmart did. The Home Depots, Lowes are taking out the locally owned Ace Hardware stores.

The thing I like about rural America and rural Canada is the small businesses that mom and pops own. You find variety and a uniqueness about them. I can't stand the box stores with no personality and everyone carrying the same stuff.

We need the small businesses to succeed and not let the giant corporations kill them off.

Small businesses contribute large amounts of money to the local economy - through their employees, and through business taxes. Just look at who sponsors your local little league teams, and local cultural events. Yes the prices at Mom and Pop stores are higher. They don't have the buying power of thousands of stores, they're just a working family, like you and I, trying to make a living by contributing to their communities via their goods and services. Walmart is trying to buy the Waltons biggest yachts.
.

You really need to look at Walmart does do in their communities before making such a naive statement. All workers have access to health insurance regardless of how many hours they work; employees can keep their jobs if they move to another city or state; they do a tremendous amount for the poor and veterans. Same with Home Depot. A non-profit I am on the board of has gotten tens of thousands in goods and services and contributions from our local home depot. Where do all their employees spend their money if it is not in the local economy? Can't buy an online haircut.

 

[Redfish]

Well that's shocking.

That it is.

Only a moron wouldn't see small businesses closing because of that ridiculous $15 dollar an hour minimum wage.

Minimum wage was never meant to support anyone. It was meant for high school kids to make a little cash at night and on summer vacation.

Only idiots would demand a $15 dollar an hour minimum wage. Prices will go up to cover it. Hours will be cut, workers let go and small businesses will just close.

Not to smart.

What they fail to understand is when an employer gives a dollar an hour raise, it costs the employer more than that dollar. Other things increase in cost as well, such as vacation time where you are getting paid to not work. Social Security and Medicare contributions since your employer has to match those contributions and you will be paying more into them. Insurances increase as well because if something happens to you like getting laid off or getting hurt on the job, the payout is based on how much you make per month.

When you take a huge pay increase like this, the employer has to take huge other losses on top of it.

What YOU fail to realize is that the small business owner can deduct ALL of those costs from their gross income and reduce their tax liability accordingly. Every dollar an employer spends on wages, only costs the business owner 78 cents because they would pay income tax of 22% on that additional profit, so the business owner is only out of pocket 78 cents, not one dollar.

On the other hand, earned income credits cost taxpayers $3 billion per year just for administration of this program. That's over and above the costs of the benefits paid to low income workers.

Earned Income Tax Credit: Small Benefits, Large Costs

By shifting the burden for employee wages back to the employer, the economy will save all of the costs of running this program, as well as the costs of the benefits paid. Employers are only paying 78 cents on the dollar for every dollar of wage increases they pay.

You're picking up the peanuts while being trampled by the elephants, Ray. The Waltons don't need more dividends, stop paying their workers for them.

According to the Bureau of Labor an employee that gets paid $9.15 an hour costs an employer $20.91 per hour. That is including taxes, benefits, physical work space, computers and other office equipment, insurance and other costs.

So, the isn't 78 cents on the dollar, that is a simplistic look at a more complex cost.

Raising the wage for that employee does not raise the cost of their benefits, their physical work space, computers and other office equipment, insurance and other costs, because only the wage component is rising here. Raising wages by $6.00 per hour doesn't raise any of the addition costs per employee. Raising the $9.15 per hour was to $15.00 (a 65% increase) will only increase the employers' costs by $4.68 per hour because the remaining $1.32 (22%) would have been paid to the government in taxes on the profits. The increase in wages is fully tax deductible, hence the cost to the employer is only 78% of the money the employee receives.

So that $20.91 cost per hour rises to $25.59 per hour. Yes, this is a 23% increase in low end labour costs, but the lowest paid workers are getting a 65% wage increase. And here is the bald truth - the employer has paid for increased costs for every one of the non-wage expenses for employees without complaint, while using increases in these costs to justify not giving employees raises, all while booking the highest profits in history.

I did complex financial analysis on profitablility for living, Bucko. I can read a balance sheet backwards, while wearing high heels. I can parse out depreciation, the costs of short and long term liability, and whether or not a company is carrying too much inventory just by looking at their balance sheets.

Do you have any other conservative fiscal myths you'd like me to destroy?

Lets try a liberal myth. OK? if $15/hour is good, why isn't $100/hour better? or $500? Lets make every working person in America a millionaire by making the minimum wage $500/hour. Why wouldn't that work?

 

[pknopp]

That it is.

Only a moron wouldn't see small businesses closing because of that ridiculous $15 dollar an hour minimum wage.

Minimum wage was never meant to support anyone. It was meant for high school kids to make a little cash at night and on summer vacation.

Only idiots would demand a $15 dollar an hour minimum wage. Prices will go up to cover it. Hours will be cut, workers let go and small businesses will just close.

Not to smart.

What they fail to understand is when an employer gives a dollar an hour raise, it costs the employer more than that dollar. Other things increase in cost as well, such as vacation time where you are getting paid to not work. Social Security and Medicare contributions since your employer has to match those contributions and you will be paying more into them. Insurances increase as well because if something happens to you like getting laid off or getting hurt on the job, the payout is based on how much you make per month.

When you take a huge pay increase like this, the employer has to take huge other losses on top of it.

What YOU fail to realize is that the small business owner can deduct ALL of those costs from their gross income and reduce their tax liability accordingly. Every dollar an employer spends on wages, only costs the business owner 78 cents because they would pay income tax of 22% on that additional profit, so the business owner is only out of pocket 78 cents, not one dollar.

On the other hand, earned income credits cost taxpayers $3 billion per year just for administration of this program. That's over and above the costs of the benefits paid to low income workers.

Earned Income Tax Credit: Small Benefits, Large Costs

By shifting the burden for employee wages back to the employer, the economy will save all of the costs of running this program, as well as the costs of the benefits paid. Employers are only paying 78 cents on the dollar for every dollar of wage increases they pay.

You're picking up the peanuts while being trampled by the elephants, Ray. The Waltons don't need more dividends, stop paying their workers for them.

According to the Bureau of Labor an employee that gets paid $9.15 an hour costs an employer $20.91 per hour. That is including taxes, benefits, physical work space, computers and other office equipment, insurance and other costs.

So, the isn't 78 cents on the dollar, that is a simplistic look at a more complex cost.

Raising the wage for that employee does not raise the cost of their benefits, their physical work space, computers and other office equipment, insurance and other costs, because only the wage component is rising here. Raising wages by $6.00 per hour doesn't raise any of the addition costs per employee. Raising the $9.15 per hour was to $15.00 (a 65% increase) will only increase the employers' costs by $4.68 per hour because the remaining $1.32 (22%) would have been paid to the government in taxes on the profits. The increase in wages is fully tax deductible, hence the cost to the employer is only 78% of the money the employee receives.

So that $20.91 cost per hour rises to $25.59 per hour. Yes, this is a 23% increase in low end labour costs, but the lowest paid workers are getting a 65% wage increase. And here is the bald truth - the employer has paid for increased costs for every one of the non-wage expenses for employees without complaint, while using increases in these costs to justify not giving employees raises, all while booking the highest profits in history.

I did complex financial analysis on profitablility for living, Bucko. I can read a balance sheet backwards, while wearing high heels. I can parse out depreciation, the costs of short and long term liability, and whether or not a company is carrying too much inventory just by looking at their balance sheets.

Do you have any other conservative fiscal myths you'd like me to destroy?

Lets try a liberal myth. OK? if $15/hour is good, why isn't $100/hour better? or $500? Lets make every working person in America a millionaire by making the minimum wage $500/hour. Why wouldn't that work?

If cutting rates from 3% to 2.5% is good why not just give money away at 0%? We actually did that. In reality we gave Wall Street negative rates.

As long as we are bending over backwards for wall street I'm going to support even the most extreme policies to help the rest.

 

[Dragonlady]

That it is.

Only a moron wouldn't see small businesses closing because of that ridiculous $15 dollar an hour minimum wage.

Minimum wage was never meant to support anyone. It was meant for high school kids to make a little cash at night and on summer vacation.

Only idiots would demand a $15 dollar an hour minimum wage. Prices will go up to cover it. Hours will be cut, workers let go and small businesses will just close.

Not to smart.

What they fail to understand is when an employer gives a dollar an hour raise, it costs the employer more than that dollar. Other things increase in cost as well, such as vacation time where you are getting paid to not work. Social Security and Medicare contributions since your employer has to match those contributions and you will be paying more into them. Insurances increase as well because if something happens to you like getting laid off or getting hurt on the job, the payout is based on how much you make per month.

When you take a huge pay increase like this, the employer has to take huge other losses on top of it.

What YOU fail to realize is that the small business owner can deduct ALL of those costs from their gross income and reduce their tax liability accordingly. Every dollar an employer spends on wages, only costs the business owner 78 cents because they would pay income tax of 22% on that additional profit, so the business owner is only out of pocket 78 cents, not one dollar.

On the other hand, earned income credits cost taxpayers $3 billion per year just for administration of this program. That's over and above the costs of the benefits paid to low income workers.

Earned Income Tax Credit: Small Benefits, Large Costs

By shifting the burden for employee wages back to the employer, the economy will save all of the costs of running this program, as well as the costs of the benefits paid. Employers are only paying 78 cents on the dollar for every dollar of wage increases they pay.

You're picking up the peanuts while being trampled by the elephants, Ray. The Waltons don't need more dividends, stop paying their workers for them.

According to the Bureau of Labor an employee that gets paid $9.15 an hour costs an employer $20.91 per hour. That is including taxes, benefits, physical work space, computers and other office equipment, insurance and other costs.

So, the isn't 78 cents on the dollar, that is a simplistic look at a more complex cost.

Raising the wage for that employee does not raise the cost of their benefits, their physical work space, computers and other office equipment, insurance and other costs, because only the wage component is rising here. Raising wages by $6.00 per hour doesn't raise any of the addition costs per employee. Raising the $9.15 per hour was to $15.00 (a 65% increase) will only increase the employers' costs by $4.68 per hour because the remaining $1.32 (22%) would have been paid to the government in taxes on the profits. The increase in wages is fully tax deductible, hence the cost to the employer is only 78% of the money the employee receives.

So that $20.91 cost per hour rises to $25.59 per hour. Yes, this is a 23% increase in low end labour costs, but the lowest paid workers are getting a 65% wage increase. And here is the bald truth - the employer has paid for increased costs for every one of the non-wage expenses for employees without complaint, while using increases in these costs to justify not giving employees raises, all while booking the highest profits in history.

I did complex financial analysis on profitablility for living, Bucko. I can read a balance sheet backwards, while wearing high heels. I can parse out depreciation, the costs of short and long term liability, and whether or not a company is carrying too much inventory just by looking at their balance sheets.

Do you have any other conservative fiscal myths you'd like me to destroy?

Lets try a liberal myth. OK? if $15/hour is good, why isn't $100/hour better? or $500? Lets make every working person in America a millionaire by making the minimum wage $500/hour. Why wouldn't that work?

Stupid question, to which you already know the answer. Companies were capable of paying a minimum wage equivalent to $25 per hour in terms of today's buying power, in the 1950's, when teenagers truly did make up the majority of the minimum wage work force. As America became richer and richer, less and less of that wealth went to the American workers and more and more to the investor classes.

Successive Republican governments have offloaded the costs of social programs welfare onto the middle class, while the investor classes continue to increase their share of nations' wealth and income. Amazon, which currently pays no taxes whatsoever, is now the most profitable company in America, and New York City was prepared to make the working people of New York pay for the infrastructure and increased transportation costs for their new headquarters. Corporations need to pay their own way - both in infrastructure, and wages.

 

[Wry Catcher]

Small Businesses Struggle With $15 Minimum Wage Hike in NY: 'They're Shutting Down'

EXCERPT: According to a report published Monday by the Wall Street Journal, many business leaders and owners in the Big Apple have said that they are having to cut hours, raise prices, and reduce staff in their businesses due to the rising labor costs that they say come from the recent city law bumping up the minimum wage. . . .

The president of the Queens Chamber of Commerce, Thomas Grech, told the Wall Street Journal that he has seen an increased number of small businesses closing in the last six to nine months. He believes the rising closures are due to the minimum wage legislation.

“They’re cutting their staff. They’re cutting their hours. They’re shutting down,” Grech said. “It’s not just the rent.”

Did you actually read the article you linked to?

One restaurant owner said:

While she has not had to reduce her staff, she has had to be more careful about overtime and pull back on some people’s shifts.

“What it really forces you to do is make sure that nobody works more than 40 hours,” Koteen said. “You can only cut back so many people before the service starts to suffer.”

You have to make sure nobody works more than 40 hours, so you don't have to pay overtime. Maybe she should hire a couple more people to ensure she doesn't get stuck with overtime.

And then there's this business owner:

Sarah McNally — who owns the local bookstore chain McNally Jackson Books, which employs 75 people at its four locations in New York City — said that there is “absolutely no benefit” to operating a retail business in the city, and is working to open two more stores to stay profitable.

She has not had to reduce hours or employment to deal with the pay increase, though.

McNally's complaint is that SHE'S not getting paid enough so she's opening two more stores to increase HER income. That should create close to 40 more jobs, so the OWNER can increase her income.

It's just awesome that people have to hire more people and let their existing workers have some sort of personal life after working 40 hours per week.

If you schedule employees for 32 hours a week, that would take care of the overtime. Pretty simple solutions for the employer.

You could schedule for 38 hours per week to ensure you don't go over. Then hire 2 more people to work 38 hour weeks to make up the shortfall, thus creating 2 new jobs, without increasing your costs.

Note that the bookstore owner is opting to open two more stores to increase HER income, because the wage increase is coming out of HER income directly. She's going to rent two locations, hire someone to make renovations and improvements, buy fixtures and equipment, and hire somewhere close to 20 more full time workers per store!!! Instead of sitting back on her huge profits, she's being forced to invest that money in the economy and create jobs to maintain her cushy lifetstyle.

How is this not a win for working Americans?

My experience is 35 hours at the most for a 40 hour work week and your costs.

Where does it state she is making huge profits? Where does it say she has a cushy lifestyle? Just because you own a business doesn't mean you are rich or living a cushy lifestyle. The idea that you believe that business owners are rich and lead a cushy lifestyle is pretty laughable.

Small business owners are a diverse set of people. Some are successful, many fail within their first year and some became wealthy. You get what you pay for, in terms of labor, location, and dozens of other decisions made, which determine success or failure.

Amazon and Wal-Mart have been very successful, and in their rise they have put mom and pop small business out of business, closing Main St. America in many small towns.

One of the deputies I supervised opened a restaurant and I watched and listened to him in his efforts just to sell the first taco. His family owned a very successful Mexican Rest. where worked during high school and college, so he knew what he was doing. He and his wife were very successful, but he was putting in 40 hours + in his day job, and many more in his new business.

After five years he was bought out by a chain, and within weeks his always crowded lunch crowd became less crowded, since prices went up, and quality went down. Today no one needed to wait in line during the noon hour.

 

[rightwinger]

Minimum wage is paid to college students looking to pay for their education. Because the wage has been frozen for over a decade, college students must borrow money to make up the difference

totally wrong, college students have to borrow money because the price of tuition has risen much faster than the overall rate of inflation, and that happened directly as a result of the government giving out unlimited student loans. the colleges took advantage of that stupidity and raised their tuition costs, and the losers were the kids who now are burdened with huge debts. But fear not, the dems want to transfer that debt to YOU and ME.

Cost of everything has gone up.

I worked minimum wage at $2.10 an hour in the early 70s. I could buy seven gallons of gas for an hours wage. Today you get about 2 1/2 gallons

I could buy a new car for a half a years minimum wage salary. Now it would take you a full year

I could take a date to the movies for an hours wage. Today it would take you 2 1/2 hours pay

So WTF are you suggesting, minimum wage should be based on gas prices/new car prices/movie prices?

Yes

I think we should set a minimum wage and have increases automatically linked to the consumer price index

We can’t trust Congress to raise it. They have kicked that can down the road for over ten years

Gee, how about learning a marketable skill...dumbass.

You are applying a solution for a single person to 35 million low skilled workers. Do you have 35 million higher paying jobs available if they ALL learn a more marketable skill?

Who is going to perform low skilled jobs in our workforce?

College Students are learning marketable skills but must work low wage jobs while they learn them

 

[Redfish]

What they fail to understand is when an employer gives a dollar an hour raise, it costs the employer more than that dollar. Other things increase in cost as well, such as vacation time where you are getting paid to not work. Social Security and Medicare contributions since your employer has to match those contributions and you will be paying more into them. Insurances increase as well because if something happens to you like getting laid off or getting hurt on the job, the payout is based on how much you make per month.

When you take a huge pay increase like this, the employer has to take huge other losses on top of it.

What YOU fail to realize is that the small business owner can deduct ALL of those costs from their gross income and reduce their tax liability accordingly. Every dollar an employer spends on wages, only costs the business owner 78 cents because they would pay income tax of 22% on that additional profit, so the business owner is only out of pocket 78 cents, not one dollar.

On the other hand, earned income credits cost taxpayers $3 billion per year just for administration of this program. That's over and above the costs of the benefits paid to low income workers.

Earned Income Tax Credit: Small Benefits, Large Costs

By shifting the burden for employee wages back to the employer, the economy will save all of the costs of running this program, as well as the costs of the benefits paid. Employers are only paying 78 cents on the dollar for every dollar of wage increases they pay.

You're picking up the peanuts while being trampled by the elephants, Ray. The Waltons don't need more dividends, stop paying their workers for them.

According to the Bureau of Labor an employee that gets paid $9.15 an hour costs an employer $20.91 per hour. That is including taxes, benefits, physical work space, computers and other office equipment, insurance and other costs.

So, the isn't 78 cents on the dollar, that is a simplistic look at a more complex cost.

Raising the wage for that employee does not raise the cost of their benefits, their physical work space, computers and other office equipment, insurance and other costs, because only the wage component is rising here. Raising wages by $6.00 per hour doesn't raise any of the addition costs per employee. Raising the $9.15 per hour was to $15.00 (a 65% increase) will only increase the employers' costs by $4.68 per hour because the remaining $1.32 (22%) would have been paid to the government in taxes on the profits. The increase in wages is fully tax deductible, hence the cost to the employer is only 78% of the money the employee receives.

So that $20.91 cost per hour rises to $25.59 per hour. Yes, this is a 23% increase in low end labour costs, but the lowest paid workers are getting a 65% wage increase. And here is the bald truth - the employer has paid for increased costs for every one of the non-wage expenses for employees without complaint, while using increases in these costs to justify not giving employees raises, all while booking the highest profits in history.

I did complex financial analysis on profitablility for living, Bucko. I can read a balance sheet backwards, while wearing high heels. I can parse out depreciation, the costs of short and long term liability, and whether or not a company is carrying too much inventory just by looking at their balance sheets.

Do you have any other conservative fiscal myths you'd like me to destroy?

Lets try a liberal myth. OK? if $15/hour is good, why isn't $100/hour better? or $500? Lets make every working person in America a millionaire by making the minimum wage $500/hour. Why wouldn't that work?

Stupid question, to which you already know the answer. Companies were capable of paying a minimum wage equivalent to $25 per hour in terms of today's buying power, in the 1950's, when teenagers truly did make up the majority of the minimum wage work force. As America became richer and richer, less and less of that wealth went to the American workers and more and more to the investor classes.

Successive Republican governments have offloaded the costs of social programs welfare onto the middle class, while the investor classes continue to increase their share of nations' wealth and income. Amazon, which currently pays no taxes whatsoever, is now the most profitable company in America, and New York City was prepared to make the working people of New York pay for the infrastructure and increased transportation costs for their new headquarters. Corporations need to pay their own way - both in infrastructure, and wages.

more left wing lies and talking points, the lower half of american tax payers pay zero federal income taxes, the top 5% pays 50%.

Who do you think pays corporate income taxes? the consumers, you moron. all the costs of business are passed along to those of us who must buy the products in order to live.

you cannot bring up the poor by bringing down the rich. but you are free to be jealous and envious of them for being more successful than you are.

 

[pknopp]

totally wrong, college students have to borrow money because the price of tuition has risen much faster than the overall rate of inflation, and that happened directly as a result of the government giving out unlimited student loans. the colleges took advantage of that stupidity and raised their tuition costs, and the losers were the kids who now are burdened with huge debts. But fear not, the dems want to transfer that debt to YOU and ME.

Cost of everything has gone up.

I worked minimum wage at $2.10 an hour in the early 70s. I could buy seven gallons of gas for an hours wage. Today you get about 2 1/2 gallons

I could buy a new car for a half a years minimum wage salary. Now it would take you a full year

I could take a date to the movies for an hours wage. Today it would take you 2 1/2 hours pay

So WTF are you suggesting, minimum wage should be based on gas prices/new car prices/movie prices?

Yes

I think we should set a minimum wage and have increases automatically linked to the consumer price index

We can’t trust Congress to raise it. They have kicked that can down the road for over ten years

Gee, how about learning a marketable skill...dumbass.

You are applying a solution for a single person to 35 million low skilled workers. Do you have 35 million higher paying jobs available if they ALL learn a more marketable skill?

Who is going to perform low skilled jobs in our workforce?

College Students are learning marketable skills but must work low wage jobs while they learn them

Just a slight disagreement. These are not all low skilled workers. We have offshored what were so many good paying jobs that even those with skills often times have to take what they can get.

Or look at Disney. They had skilled workers but then brought in workers from elsewhere that would work for less. What options then are the ex-Disney workers supposed to do?

 

[rightwinger]

That it is.

Only a moron wouldn't see small businesses closing because of that ridiculous $15 dollar an hour minimum wage.

Minimum wage was never meant to support anyone. It was meant for high school kids to make a little cash at night and on summer vacation.

Only idiots would demand a $15 dollar an hour minimum wage. Prices will go up to cover it. Hours will be cut, workers let go and small businesses will just close.

Not to smart.

What they fail to understand is when an employer gives a dollar an hour raise, it costs the employer more than that dollar. Other things increase in cost as well, such as vacation time where you are getting paid to not work. Social Security and Medicare contributions since your employer has to match those contributions and you will be paying more into them. Insurances increase as well because if something happens to you like getting laid off or getting hurt on the job, the payout is based on how much you make per month.

When you take a huge pay increase like this, the employer has to take huge other losses on top of it.

What YOU fail to realize is that the small business owner can deduct ALL of those costs from their gross income and reduce their tax liability accordingly. Every dollar an employer spends on wages, only costs the business owner 78 cents because they would pay income tax of 22% on that additional profit, so the business owner is only out of pocket 78 cents, not one dollar.

On the other hand, earned income credits cost taxpayers $3 billion per year just for administration of this program. That's over and above the costs of the benefits paid to low income workers.

Earned Income Tax Credit: Small Benefits, Large Costs

By shifting the burden for employee wages back to the employer, the economy will save all of the costs of running this program, as well as the costs of the benefits paid. Employers are only paying 78 cents on the dollar for every dollar of wage increases they pay.

You're picking up the peanuts while being trampled by the elephants, Ray. The Waltons don't need more dividends, stop paying their workers for them.

According to the Bureau of Labor an employee that gets paid $9.15 an hour costs an employer $20.91 per hour. That is including taxes, benefits, physical work space, computers and other office equipment, insurance and other costs.

So, the isn't 78 cents on the dollar, that is a simplistic look at a more complex cost.

Raising the wage for that employee does not raise the cost of their benefits, their physical work space, computers and other office equipment, insurance and other costs, because only the wage component is rising here. Raising wages by $6.00 per hour doesn't raise any of the addition costs per employee. Raising the $9.15 per hour was to $15.00 (a 65% increase) will only increase the employers' costs by $4.68 per hour because the remaining $1.32 (22%) would have been paid to the government in taxes on the profits. The increase in wages is fully tax deductible, hence the cost to the employer is only 78% of the money the employee receives.

So that $20.91 cost per hour rises to $25.59 per hour. Yes, this is a 23% increase in low end labour costs, but the lowest paid workers are getting a 65% wage increase. And here is the bald truth - the employer has paid for increased costs for every one of the non-wage expenses for employees without complaint, while using increases in these costs to justify not giving employees raises, all while booking the highest profits in history.

I did complex financial analysis on profitablility for living, Bucko. I can read a balance sheet backwards, while wearing high heels. I can parse out depreciation, the costs of short and long term liability, and whether or not a company is carrying too much inventory just by looking at their balance sheets.

Do you have any other conservative fiscal myths you'd like me to destroy?

Lets try a liberal myth. OK? if $15/hour is good, why isn't $100/hour better? or $500? Lets make every working person in America a millionaire by making the minimum wage $500/hour. Why wouldn't that work?

So your analogy is that we shouldn’t raise minimum wage from $7.25 to $8.00 because that would be the same thing as raising it to $100 an hour

 

[Redfish]

totally wrong, college students have to borrow money because the price of tuition has risen much faster than the overall rate of inflation, and that happened directly as a result of the government giving out unlimited student loans. the colleges took advantage of that stupidity and raised their tuition costs, and the losers were the kids who now are burdened with huge debts. But fear not, the dems want to transfer that debt to YOU and ME.

Cost of everything has gone up.

I worked minimum wage at $2.10 an hour in the early 70s. I could buy seven gallons of gas for an hours wage. Today you get about 2 1/2 gallons

I could buy a new car for a half a years minimum wage salary. Now it would take you a full year

I could take a date to the movies for an hours wage. Today it would take you 2 1/2 hours pay

So WTF are you suggesting, minimum wage should be based on gas prices/new car prices/movie prices?

Yes

I think we should set a minimum wage and have increases automatically linked to the consumer price index

We can’t trust Congress to raise it. They have kicked that can down the road for over ten years

Gee, how about learning a marketable skill...dumbass.

You are applying a solution for a single person to 35 million low skilled workers. Do you have 35 million higher paying jobs available if they ALL learn a more marketable skill?

Who is going to perform low skilled jobs in our workforce?

College Students are learning marketable skills but must work low wage jobs while they learn them

take the illegals out of the equation and the average wage will go up. but you don't support that because you see them as potential dem voters-----------right?

 

[Redfish]

What they fail to understand is when an employer gives a dollar an hour raise, it costs the employer more than that dollar. Other things increase in cost as well, such as vacation time where you are getting paid to not work. Social Security and Medicare contributions since your employer has to match those contributions and you will be paying more into them. Insurances increase as well because if something happens to you like getting laid off or getting hurt on the job, the payout is based on how much you make per month.

When you take a huge pay increase like this, the employer has to take huge other losses on top of it.

What YOU fail to realize is that the small business owner can deduct ALL of those costs from their gross income and reduce their tax liability accordingly. Every dollar an employer spends on wages, only costs the business owner 78 cents because they would pay income tax of 22% on that additional profit, so the business owner is only out of pocket 78 cents, not one dollar.

On the other hand, earned income credits cost taxpayers $3 billion per year just for administration of this program. That's over and above the costs of the benefits paid to low income workers.

Earned Income Tax Credit: Small Benefits, Large Costs

By shifting the burden for employee wages back to the employer, the economy will save all of the costs of running this program, as well as the costs of the benefits paid. Employers are only paying 78 cents on the dollar for every dollar of wage increases they pay.

You're picking up the peanuts while being trampled by the elephants, Ray. The Waltons don't need more dividends, stop paying their workers for them.

According to the Bureau of Labor an employee that gets paid $9.15 an hour costs an employer $20.91 per hour. That is including taxes, benefits, physical work space, computers and other office equipment, insurance and other costs.

So, the isn't 78 cents on the dollar, that is a simplistic look at a more complex cost.

Raising the wage for that employee does not raise the cost of their benefits, their physical work space, computers and other office equipment, insurance and other costs, because only the wage component is rising here. Raising wages by $6.00 per hour doesn't raise any of the addition costs per employee. Raising the $9.15 per hour was to $15.00 (a 65% increase) will only increase the employers' costs by $4.68 per hour because the remaining $1.32 (22%) would have been paid to the government in taxes on the profits. The increase in wages is fully tax deductible, hence the cost to the employer is only 78% of the money the employee receives.

So that $20.91 cost per hour rises to $25.59 per hour. Yes, this is a 23% increase in low end labour costs, but the lowest paid workers are getting a 65% wage increase. And here is the bald truth - the employer has paid for increased costs for every one of the non-wage expenses for employees without complaint, while using increases in these costs to justify not giving employees raises, all while booking the highest profits in history.

I did complex financial analysis on profitablility for living, Bucko. I can read a balance sheet backwards, while wearing high heels. I can parse out depreciation, the costs of short and long term liability, and whether or not a company is carrying too much inventory just by looking at their balance sheets.

Do you have any other conservative fiscal myths you'd like me to destroy?

Lets try a liberal myth. OK? if $15/hour is good, why isn't $100/hour better? or $500? Lets make every working person in America a millionaire by making the minimum wage $500/hour. Why wouldn't that work?

So your analogy is that we shouldn’t raise minimum wage from $7.25 to $8.00 because that would be the same thing as raising it to $100 an hour

No, I think the laws of supply and demand should set the price of labor, not some artificial government dictate. My $100 comment was to show the absurdity of the dem position on this.

 

[pknopp]

Cost of everything has gone up.

I worked minimum wage at $2.10 an hour in the early 70s. I could buy seven gallons of gas for an hours wage. Today you get about 2 1/2 gallons

I could buy a new car for a half a years minimum wage salary. Now it would take you a full year

I could take a date to the movies for an hours wage. Today it would take you 2 1/2 hours pay

So WTF are you suggesting, minimum wage should be based on gas prices/new car prices/movie prices?

Yes

I think we should set a minimum wage and have increases automatically linked to the consumer price index

We can’t trust Congress to raise it. They have kicked that can down the road for over ten years

Gee, how about learning a marketable skill...dumbass.

You are applying a solution for a single person to 35 million low skilled workers. Do you have 35 million higher paying jobs available if they ALL learn a more marketable skill?

Who is going to perform low skilled jobs in our workforce?

College Students are learning marketable skills but must work low wage jobs while they learn them

take the illegals out of the equation and the average wage will go up. but you don't support that because you see them as potential dem voters-----------right?

Nobody is doing anything to accomplish that. Everyday, all day this has to be pointed out.

Pick them up, deport them, have their jobs filled by the next wave of illegals. Explain to me how this is working.