There is NO need for a Federal Minimum wage...

what circular logic? capitalism has a natural rate of failure to employ.
Dude, I never thought this was possible.....You're actually more dense and ill-informed than rderp....At least he's smart enough to know that he knows nothing about economics, and doesn't try to pass himself off as though he does.

Go play with your Legos or something.
simple rejection is not the same as a valid argument and rebuttal, much less Any form of refutation.
 
what circular logic? capitalism has a natural rate of failure to employ.
Dude, I never thought this was possible.....You're actually more dense and ill-informed than rderp....At least he's smart enough to know that he knows nothing about economics, and doesn't try to pass himself off as though he does.

Go play with your Legos or something.
Not my quote
 
simple rejection is not the same as a valid argument and rebuttal, much less Any form of refutation.
There's nothing to rebut...You are an utter ignoramus, who hasn't the first idea of what he's blabbering about.

Rothbard.jpg
 
In 2016, 79.9 million workers age 16 and older in the United States were paid at hourly rates, representing 58.7 percent of all wage and salary workers.
Among those paid by the hour, 701,000 workers earned exactly the prevailing federal minimum wage of $7.25 per hour.
About 1.5 million had wages below the federal minimum.

Together, these 2.2 million workers with wages at or below the federal minimum made up 2.7 percent of all hourly paid workers.
Characteristics of minimum wage workers, 2016 : BLS Reports: U.S. Bureau of Labor Statistics

Now WHAT was the average hourly wage in August 2018?
August 2018 $27.16 per hour. Up from August 2017 of $26.39

The range of AVERAGE hourly rate also depends on the Industry... The highest hourly rate is the Utilities in August 2017 was $38.50 In August 2018 $40.86
Table B-3. Average hourly and weekly earnings of all employees on private nonfarm payrolls by industry sector, seasonally adjusted

So the major point from these FACTs is: It depends on your skill set and with less that 2.2 million working at minimum or less than I'd bet these people were
A) NOT skilled. B) Probably never had a job.
In fact the actually breakdown is this: Age.
Minimum wage workers tend to be young. Although workers under age 25 represented only about one-fifth of hourly paid workers,
they made up about half of those paid the federal minimum wage or less.
Among employed teenagers (ages 16 to 19) paid by the hour, about 10 percent earned the minimum wage or less, compared with about 2 percent of workers age 25 and older. (See tables 1 and 7.)
Characteristics of minimum wage workers, 2016 : BLS Reports: U.S. Bureau of Labor Statistics

So with less than 3% of the hourly work force being under age 25 or unskilled, people are all wanting the minimum wage to be raised for workers that either never worked before
or had no skill sets. Just plain economic stupidity on you people!
 
In 2016, 79.9 million workers age 16 and older in the United States were paid at hourly rates, representing 58.7 percent of all wage and salary workers.
Among those paid by the hour, 701,000 workers earned exactly the prevailing federal minimum wage of $7.25 per hour.
About 1.5 million had wages below the federal minimum.

Together, these 2.2 million workers with wages at or below the federal minimum made up 2.7 percent of all hourly paid workers.
Characteristics of minimum wage workers, 2016 : BLS Reports: U.S. Bureau of Labor Statistics

Now WHAT was the average hourly wage in August 2018?
August 2018 $27.16 per hour. Up from August 2017 of $26.39

The range of AVERAGE hourly rate also depends on the Industry... The highest hourly rate is the Utilities in August 2017 was $38.50 In August 2018 $40.86
Table B-3. Average hourly and weekly earnings of all employees on private nonfarm payrolls by industry sector, seasonally adjusted

So the major point from these FACTs is: It depends on your skill set and with less that 2.2 million working at minimum or less than I'd bet these people were
A) NOT skilled. B) Probably never had a job.
In fact the actually breakdown is this: Age.
Minimum wage workers tend to be young. Although workers under age 25 represented only about one-fifth of hourly paid workers,
they made up about half of those paid the federal minimum wage or less.
Among employed teenagers (ages 16 to 19) paid by the hour, about 10 percent earned the minimum wage or less, compared with about 2 percent of workers age 25 and older. (See tables 1 and 7.)
Characteristics of minimum wage workers, 2016 : BLS Reports: U.S. Bureau of Labor Statistics

So with less than 3% of the hourly work force being under age 25 or unskilled, people are all wanting the minimum wage to be raised for workers that either never worked before
or had no skill sets. Just plain economic stupidity on you people!
So you have no problem raising the minimum wage since it affects so few
Minimal impact
 
In 2016, 79.9 million workers age 16 and older in the United States were paid at hourly rates, representing 58.7 percent of all wage and salary workers.
Among those paid by the hour, 701,000 workers earned exactly the prevailing federal minimum wage of $7.25 per hour.
About 1.5 million had wages below the federal minimum.

Together, these 2.2 million workers with wages at or below the federal minimum made up 2.7 percent of all hourly paid workers.
Characteristics of minimum wage workers, 2016 : BLS Reports: U.S. Bureau of Labor Statistics

Now WHAT was the average hourly wage in August 2018?
August 2018 $27.16 per hour. Up from August 2017 of $26.39

The range of AVERAGE hourly rate also depends on the Industry... The highest hourly rate is the Utilities in August 2017 was $38.50 In August 2018 $40.86
Table B-3. Average hourly and weekly earnings of all employees on private nonfarm payrolls by industry sector, seasonally adjusted

So the major point from these FACTs is: It depends on your skill set and with less that 2.2 million working at minimum or less than I'd bet these people were
A) NOT skilled. B) Probably never had a job.
In fact the actually breakdown is this: Age.
Minimum wage workers tend to be young. Although workers under age 25 represented only about one-fifth of hourly paid workers,
they made up about half of those paid the federal minimum wage or less.
Among employed teenagers (ages 16 to 19) paid by the hour, about 10 percent earned the minimum wage or less, compared with about 2 percent of workers age 25 and older. (See tables 1 and 7.)
Characteristics of minimum wage workers, 2016 : BLS Reports: U.S. Bureau of Labor Statistics

So with less than 3% of the hourly work force being under age 25 or unskilled, people are all wanting the minimum wage to be raised for workers that either never worked before
or had no skill sets. Just plain economic stupidity on you people!
So you have no problem raising the minimum wage since it affects so few
Minimal impact

Why did you say it would have minimal impact? Remember SKILLED people get paid more because they are SKILLED.
So why should UNSKILLED people get paid more JUST because it makes people "feel" good?
Actually what will happen will be this:
More Flippy robots will be introduced at CaliBurgers next year, with the aim of installing them in 50 of their restaurants worldwide by the end of 2019.

CaliBurger say the benefits include making “food faster, safer and with fewer errors”.
Burger-flipping robot replaces humans on first day at work

So we are debating then in raising the minimum wage to $15.00 for those 1.15 million that truly don't have to earn a living to survive.
They buy tennis shoes, music... not food or shelter.

Q3. The types of jobs these 3.3 million are entry level, very little skills and fundamentally require the
employee to A. Be on the job.....B. Be on the job on time.......C. Be able to read/write.
So can these people be replaced by robots/kiosks?
A3. YES... if the costs of operating robots/kiosks are less then $15.00!

So looking at the below standard operating costs of a restaurant with over 30% of expenses being
salaries,wages and employee benefits what would an owner of the restaurant do if the salaries,wages and benefits jumped to say 50%?
GO OUT OF BUSINESS! or let the lower level employees go and replace with robots/kiosks.
Don't need a waiter to take an order or deliver the food.

Robots are already working in fast-food restaurants — here's exactly what they're doing right now

Robots are already working in fast-food restaurants — here's exactly what they're doing right now

So actually I have no problem with these robots replacing the unskilled teenagers.
 
In 2016, 79.9 million workers age 16 and older in the United States were paid at hourly rates, representing 58.7 percent of all wage and salary workers.
Among those paid by the hour, 701,000 workers earned exactly the prevailing federal minimum wage of $7.25 per hour.
About 1.5 million had wages below the federal minimum.

Together, these 2.2 million workers with wages at or below the federal minimum made up 2.7 percent of all hourly paid workers.
Characteristics of minimum wage workers, 2016 : BLS Reports: U.S. Bureau of Labor Statistics

Now WHAT was the average hourly wage in August 2018?
August 2018 $27.16 per hour. Up from August 2017 of $26.39

The range of AVERAGE hourly rate also depends on the Industry... The highest hourly rate is the Utilities in August 2017 was $38.50 In August 2018 $40.86
Table B-3. Average hourly and weekly earnings of all employees on private nonfarm payrolls by industry sector, seasonally adjusted

So the major point from these FACTs is: It depends on your skill set and with less that 2.2 million working at minimum or less than I'd bet these people were
A) NOT skilled. B) Probably never had a job.
In fact the actually breakdown is this: Age.
Minimum wage workers tend to be young. Although workers under age 25 represented only about one-fifth of hourly paid workers,
they made up about half of those paid the federal minimum wage or less.
Among employed teenagers (ages 16 to 19) paid by the hour, about 10 percent earned the minimum wage or less, compared with about 2 percent of workers age 25 and older. (See tables 1 and 7.)
Characteristics of minimum wage workers, 2016 : BLS Reports: U.S. Bureau of Labor Statistics

So with less than 3% of the hourly work force being under age 25 or unskilled, people are all wanting the minimum wage to be raised for workers that either never worked before
or had no skill sets. Just plain economic stupidity on you people!
it has nothing to do with microeconomics; it is a simple cost of living adjustment.
 
In 2016, 79.9 million workers age 16 and older in the United States were paid at hourly rates, representing 58.7 percent of all wage and salary workers.
Among those paid by the hour, 701,000 workers earned exactly the prevailing federal minimum wage of $7.25 per hour.
About 1.5 million had wages below the federal minimum.

Together, these 2.2 million workers with wages at or below the federal minimum made up 2.7 percent of all hourly paid workers.
Characteristics of minimum wage workers, 2016 : BLS Reports: U.S. Bureau of Labor Statistics

Now WHAT was the average hourly wage in August 2018?
August 2018 $27.16 per hour. Up from August 2017 of $26.39

The range of AVERAGE hourly rate also depends on the Industry... The highest hourly rate is the Utilities in August 2017 was $38.50 In August 2018 $40.86
Table B-3. Average hourly and weekly earnings of all employees on private nonfarm payrolls by industry sector, seasonally adjusted

So the major point from these FACTs is: It depends on your skill set and with less that 2.2 million working at minimum or less than I'd bet these people were
A) NOT skilled. B) Probably never had a job.
In fact the actually breakdown is this: Age.
Minimum wage workers tend to be young. Although workers under age 25 represented only about one-fifth of hourly paid workers,
they made up about half of those paid the federal minimum wage or less.
Among employed teenagers (ages 16 to 19) paid by the hour, about 10 percent earned the minimum wage or less, compared with about 2 percent of workers age 25 and older. (See tables 1 and 7.)
Characteristics of minimum wage workers, 2016 : BLS Reports: U.S. Bureau of Labor Statistics

So with less than 3% of the hourly work force being under age 25 or unskilled, people are all wanting the minimum wage to be raised for workers that either never worked before
or had no skill sets. Just plain economic stupidity on you people!
So you have no problem raising the minimum wage since it affects so few
Minimal impact

Why did you say it would have minimal impact? Remember SKILLED people get paid more because they are SKILLED.
So why should UNSKILLED people get paid more JUST because it makes people "feel" good?
Actually what will happen will be this:
More Flippy robots will be introduced at CaliBurgers next year, with the aim of installing them in 50 of their restaurants worldwide by the end of 2019.

CaliBurger say the benefits include making “food faster, safer and with fewer errors”.
Burger-flipping robot replaces humans on first day at work

So we are debating then in raising the minimum wage to $15.00 for those 1.15 million that truly don't have to earn a living to survive.
They buy tennis shoes, music... not food or shelter.

Q3. The types of jobs these 3.3 million are entry level, very little skills and fundamentally require the
employee to A. Be on the job.....B. Be on the job on time.......C. Be able to read/write.
So can these people be replaced by robots/kiosks?
A3. YES... if the costs of operating robots/kiosks are less then $15.00!

So looking at the below standard operating costs of a restaurant with over 30% of expenses being
salaries,wages and employee benefits what would an owner of the restaurant do if the salaries,wages and benefits jumped to say 50%?
GO OUT OF BUSINESS! or let the lower level employees go and replace with robots/kiosks.
Don't need a waiter to take an order or deliver the food.

Robots are already working in fast-food restaurants — here's exactly what they're doing right now

Robots are already working in fast-food restaurants — here's exactly what they're doing right now

So actually I have no problem with these robots replacing the unskilled teenagers.
equality is a left wing concept; unemployment compensation for being naturally unemployed by the right wing and capitalism's natural rate of unemployment, solves that social dilemma.
 
We have a mixed-market economy; a minimum wage is necessary to provide institutional upward pressure on wages, when we know, Capitalism cannot rely on Perfect information due to the right wing having nothing but fallacy.

You wrote:"right wing having nothing but fallacy."
What do you mean by "fallacy"? Where? What? When? Who? FACTS. Give me facts OK because your "opinion" is just that and it is absolutely worth NOTHING!
 
We have a mixed-market economy; a minimum wage is necessary to provide institutional upward pressure on wages, when we know, Capitalism cannot rely on Perfect information due to the right wing having nothing but fallacy.

You wrote:"right wing having nothing but fallacy."
What do you mean by "fallacy"? Where? What? When? Who? FACTS. Give me facts OK because your "opinion" is just that and it is absolutely worth NOTHING!
Capitalism needs perfect information; or it cannot do what you claim of it.
 
In 2016, 79.9 million workers age 16 and older in the United States were paid at hourly rates, representing 58.7 percent of all wage and salary workers.
Among those paid by the hour, 701,000 workers earned exactly the prevailing federal minimum wage of $7.25 per hour.
About 1.5 million had wages below the federal minimum.

Together, these 2.2 million workers with wages at or below the federal minimum made up 2.7 percent of all hourly paid workers.
Characteristics of minimum wage workers, 2016 : BLS Reports: U.S. Bureau of Labor Statistics

Now WHAT was the average hourly wage in August 2018?
August 2018 $27.16 per hour. Up from August 2017 of $26.39

The range of AVERAGE hourly rate also depends on the Industry... The highest hourly rate is the Utilities in August 2017 was $38.50 In August 2018 $40.86
Table B-3. Average hourly and weekly earnings of all employees on private nonfarm payrolls by industry sector, seasonally adjusted

So the major point from these FACTs is: It depends on your skill set and with less that 2.2 million working at minimum or less than I'd bet these people were
A) NOT skilled. B) Probably never had a job.
In fact the actually breakdown is this: Age.
Minimum wage workers tend to be young. Although workers under age 25 represented only about one-fifth of hourly paid workers,
they made up about half of those paid the federal minimum wage or less.
Among employed teenagers (ages 16 to 19) paid by the hour, about 10 percent earned the minimum wage or less, compared with about 2 percent of workers age 25 and older. (See tables 1 and 7.)
Characteristics of minimum wage workers, 2016 : BLS Reports: U.S. Bureau of Labor Statistics

So with less than 3% of the hourly work force being under age 25 or unskilled, people are all wanting the minimum wage to be raised for workers that either never worked before
or had no skill sets. Just plain economic stupidity on you people!
So you have no problem raising the minimum wage since it affects so few
Minimal impact

Why did you say it would have minimal impact? Remember SKILLED people get paid more because they are SKILLED.
So why should UNSKILLED people get paid more JUST because it makes people "feel" good?
Actually what will happen will be this:
More Flippy robots will be introduced at CaliBurgers next year, with the aim of installing them in 50 of their restaurants worldwide by the end of 2019.

CaliBurger say the benefits include making “food faster, safer and with fewer errors”.
Burger-flipping robot replaces humans on first day at work

So we are debating then in raising the minimum wage to $15.00 for those 1.15 million that truly don't have to earn a living to survive.
They buy tennis shoes, music... not food or shelter.

Q3. The types of jobs these 3.3 million are entry level, very little skills and fundamentally require the
employee to A. Be on the job.....B. Be on the job on time.......C. Be able to read/write.
So can these people be replaced by robots/kiosks?
A3. YES... if the costs of operating robots/kiosks are less then $15.00!

So looking at the below standard operating costs of a restaurant with over 30% of expenses being
salaries,wages and employee benefits what would an owner of the restaurant do if the salaries,wages and benefits jumped to say 50%?
GO OUT OF BUSINESS! or let the lower level employees go and replace with robots/kiosks.
Don't need a waiter to take an order or deliver the food.

Robots are already working in fast-food restaurants — here's exactly what they're doing right now

Robots are already working in fast-food restaurants — here's exactly what they're doing right now

So actually I have no problem with these robots replacing the unskilled teenagers.
We are talking about unskilled workers and how their wages have been frozen for a decade

Their employers have survived other business expenses increasing over the last ten years
They will survive increased wages
 

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