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02-10-2014, 09:51 PM #1
Fair Minimum Wage Act of 2013????!!!!!!!
Whats your guys thought's on this? Is this economic suicide or what?
Raise the federal minimum wage to $10.10 per hour by 2015.
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02-10-2014, 10:14 PM #2
Less money for me.
~ PLEASE DO NOT ASK FOR SOURCE CHECKS ~
"It's human nature in a 'more is better' society full of a younger generation that expects instant gratification, then complain when they don't get it. The problem will get far worse before it gets better". ~ kelkel
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02-10-2014, 11:31 PM #3
Lets see, retailers have to pay more for labor even if they arent performing. This means less pay raises for those who do perform better. Less reason to perform better as well.
It also means less profit for the retailer mostly people who are just making wages themselves for the most part meaning they will have to raise the prices of their goods on to us, the consumer meaning those of us who are making a livable wage will effectively have less to spend or save.
Yeah all this is going to help eliminate the gap between the rich and poor alright. There will be a lot less of middle class. We have been a dying breed for 50+ years and it's only getting worse.
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02-11-2014, 02:39 AM #4
let's look at the socio-economic benefits of such an action...
first of all, we still have a relatively high unemployment rate. This is a critical factor to consider.
now suppose we do raise the minimum wage to $10/hour. Great for the people that have a job. Not so great for those without.
Why?
There are many employers that are on the edge about hiring additional employees. In fact, they talk all the time about corporate profitability on the rise, yet the employment rates remain relatively flat.
So now we give a huge increase to the federal minimum wage. How are these employers that are on the edge of hiring additional employees to react? First, payroll expense will now increase for a good percentage of employers out there, WITHOUT increasing any headcount. Those that are on the fence about hiring additional employees see their payroll expense going up, and will hesitate further about this hiring decision.
So if we raise the federal minimum wage, how will that impact the recovery of the unemployed?
Do you suspect that some companies, faced with this increase in payroll expense, will now have to lay some people off?
Or do you suspect, that our lame duck president, is now looking beyond his presidency and making an attempt to appease his constituency and make it easier for the next democrat to become president?
Remember, the democrats are facing a situation where they may lose the senate the next election.
So take a sober minute to consider this, and let me know what you think.
Political ploy?
or solution to a lagging employment rate?
You decide
---Roman
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02-11-2014, 03:36 AM #5
i wouldn't get out of bed for 10$ an hour....
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02-11-2014, 04:08 AM #6
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02-11-2014, 06:04 AM #7
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02-11-2014, 07:07 AM #8
You got it lovbyts couldn't of said it any better.
Before I get bashed for being a business owner just let me say that this does not affect my business because all of my employees are paid 2-4 times that amount.
Lovbyts is right the more the company has to pay it employees is just like paying more taxes it just gets passed on to the consumer.
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02-11-2014, 07:11 AM #9
I do believe that to have a healthy economy we do needed three classes economically lower,middle and upper that is how you keep a balance.IMO
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02-11-2014, 07:17 AM #10
Not true, actually it's lower than most places because the WORKING girls are required to have STD exams monthly or they are not allowed to work in the clubs.
Either way it's always a good idea to keep it under wraps. Just remember to bring your own because it's true, those damn Thai condoms are SMALL and break easily... Yes, experience.
They more government tries (pretends) to even it out the more they will and have always separated the classes. If they are truly trying to stop the rich from getting to rich then why are the rich lobbying for all they politicians? Wake up people...
If you dont want to be poor or you want to be rich then it's up to you to change it. No one has ever gotten rich from paying more taxes or government assistance.Last edited by lovbyts; 02-11-2014 at 07:21 AM.
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02-11-2014, 12:24 PM #11
Wasn't there a thing in DC this past summer where they tried to pull something like this and raise the minimum to like $14hr. I remember reading about Wal-Mart making a big deal about it bc they were building new stores up there but I'm not sure what the outcome was.
I couldn't agree more!
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02-11-2014, 02:20 PM #12
I live in a world that tim hortons and macdonalds start at 17.00 an hour. That being said, min wage here is 9.80.
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02-11-2014, 03:42 PM #13
If you expect somebody to bust their ass at a job, you have to pay them enough that they can live on it. Supposing a worker could move on to a better job for more money is assuming first that they can survive at the "starter" job long enough that they can qualify for the next one and so on.
One of the problems we've been having is that it's impossible to survive on the "starter" job and so our governments are being forced to hand out corporate welfare, by supplementing the pay to the workers in the forms of welfare, medicare, food stamps, housing subsidies, free heating, etc.
The jobs those people do aren't in existence because a company is handing out a charity to the workers. They exist because the work/service needs to get done. We as member of this society, the stakeholders, NEED to get this stuff done so we can function properly. So the whole argument of "well if I didn't have to pay so much, I could hire more" doesn't fly. If you didn't have to pay the workers more, you wouldn't hire any more. That'd be stupid for your bottomline. You'd hire just enough workers to maximize utility and minimize disutility. Nothing more. And also, if you're not going to give somebody enough money to do a job that they can live on, then your job really isn't worth hiring anyone for in the first place.
Companies USED to offer wages to their low-end workers that they could live on. Why can't they still offer that now? Management keeps taking a bigger and bigger cut from the bottomline, so they pay for it by taking from the bottom.
It's sad, but Karl Marx had forecast this a long time ago.
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PErfect. If they have a skill they can barter into a higher paying job, great! But don't force McDonalds to pay a "living" wage to people doing menial work.
One of the problems we've been having is that it's impossible to survive on the "starter" job and so our governments are being forced to hand out corporate welfare, by supplementing the pay to the workers in the forms of welfare, medicare, food stamps, housing subsidies, free heating, etc.
The jobs those people do aren't in existence because a company is handing out a charity to the workers. They exist because the work/service needs to get done. We as member of this society, the stakeholders, NEED to get this stuff done so we can function properly. So the whole argument of "well if I didn't have to pay so much, I could hire more" doesn't fly. If you didn't have to pay the workers more, you wouldn't hire any more. That'd be stupid for your bottomline. You'd hire just enough workers to maximize utility and minimize disutility. Nothing more. And also, if you're not going to give somebody enough money to do a job that they can live on, then your job really isn't worth hiring anyone for in the first place.
Companies USED to offer wages to their low-end workers that they could live on. Why can't they still offer that now? Management keeps taking a bigger and bigger cut from the bottomline, so they pay for it by taking from the bottom. It's sad, but Karl Marx had forecast this a long time ago.
Small businesses create two-thirds of the net new jobs annually, employ more than half of the private-sector workforce, and generate nearly 50 percent of annual GDP. America’s small businesses are the backbone of our economy and engines of job creation. Now tell those mom and pop stores that you are increasing their employees salaries by 25% and see how many stay in business.
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02-11-2014, 05:16 PM #15
^^^ This
McDonalds is a stepping stone, it's a job for a teenager to learn the value of a buck, a place to hopefully learn some people skills, be of service to others, and more importantly to learn this is not a career they want end up doing. So it's time to figure out what they do love and bust their ass to do that.
I see we have a lot of business owners here.
This is why I love this board, so many well informed like minded people.
Free market and capitalism is what made this country greatest country on the the planet, if it wasn't why do you think so many people flock here from all around the world?
The American Dream is alive and well but in my opinion fading, the reason?
More government more problems.
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02-11-2014, 05:46 PM #16Senior Member
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Just another way to eliminate the middle class.
1. The first financial housing market crash did not wipe enough out.
2. Obamacare
3. Higher minumum wage
4. My business is fu*ked because of how Google(the government) has changed the way they do business.
They will eventually get it done. I say 5 years?
Stock market is getting ready for a big correction, as soon as the fed quits pumping it up.
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02-11-2014, 05:53 PM #17
i remember when i had my first min. wage job. i think i made $5.15/hr.
that was only about 17 years ago, i was 15.
this will not create jobs or get the unemployed motivated!
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02-11-2014, 09:59 PM #19
Look you can cry all you want that what they're doing isn't worth much. Nobody is going to say that they should be millionaires for flipping burgers. What I'm saying is that you NEED that burger and the guy who is flipping it needs to be able to live in order to flip that burger for you. We can keep things the way they currently are where the burger flipper gets shafted by the employer. But all that will mean is that the government will have to keep stepping up and pay the difference in housing subsidies, welfare and food stamps. Forcing the employers to give a higher wage (if you can control their sale prices) causes the company to pick up their responsibility rather than dumping it on the tax payers.
WRONG! The government has been building a permanent lower class for decades. When goverments get out of the way of business, business blossoms. Government is the reason the economy is in the tank. A perfect example of this is Detroit... no better yet, Illinois.... Central Government does not work. Compare Illinois and Indiana... Illinois, bankrupt. Indiana, flush with money running a surplus. Why Illinois is a Central Government style state and Indiana is not.
Unfortunately, they're not owing up to their responsibility (for the most part, but there are exceptions). That forces the government to step in. The people will not survive if their needs are not met and a business has no right exploiting a community/country's resources/labour/land if they are not going to meet these needs.
You have obviously never been to business school, as your arguement is not logical. Low wages does not mean no one gets hired. Low wages means stagnant technology and inefficiency in a business. If I could hire 200 workers or spend 1 million dollars on a robotic equipment, which do you think I would do? 200 workers are tax write offs. The robotic equipment is not in the short term (20 years)...
Again this is the liberal argument of class warfare. I spent 75,000 on student loans to get a master's degree. I run a business that makes things and employs people. The salaries of the people I hire are based on their skill set. If you force me to pay them 1/4 more in salary, guess what, in order to meet my shareholder's requirements, and turn a profit, people got to go. It is as easy as that. As a business owner, I can only pass on so much of the cost to the consumer, before they go elsewhere. So my profit has to come from somewhere else... Add to that the burden of all the new government regulations...
Now for your argument. If you have to pay more for the labour that means you the executive will either have to raise prices or take less of a bonus. If we use laws to fix your prices then the less margin you make will be your cost of doing business here and if you don't like it leave. But that is the cost of running a business. And guess what? Other countries that have been exploited are starting to do this same tactic. If you don't want to do it, somebody else will see the opportunity to make a profit and will eventually come in (might require government intervention, but what the hell?).
Small businesses create two-thirds of the net new jobs annually, employ more than half of the private-sector workforce, and generate nearly 50 percent of annual GDP. America’s small businesses are the backbone of our economy and engines of job creation. Now tell those mom and pop stores that you are increasing their employees salaries by 25% and see how many stay in business.
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02-12-2014, 02:05 AM #20
Hmmm... where do you guys live that you can do so on $10 per hour? I could live on that much 25 years ago barely. And as for the hiring less argument companies don't hire so called "extra people" that would be a horribly inefficient business model. Companies hire the amount of people they need to do a job and in most cases usually not enough needed to do the job. So if mickey d's has to give workers a raise they will just raise the price of their product which I would never eat anyways. The people making more would spend more,these are the people who spend their money, they have none to save. This is no worse of an argument than saying companies won't spend if they are taxed too much. The consumer is 2/3 of the economy the more a consumer makes the more they spend the more the economy expands,which leads to more goods produced and services being offered. If everyone had a degree who would do any of the work? There can't be all chiefs and no indians and if someone choses to be an indian instead of a chief they should be compensated accordingly. I'm not so much talking about the fast food industry but more so the labor industry. Putting your back and other body parts at risk should demand a premium,these types of jobs cannot be done for 30 years without taking it's toll. Even button pushers get tendonitis and carpal tunnel. I am a laborer and I am also a union member, and well paid with great benefits.Also the company I work for is extremely profitable even with paying us a good hourly rate with top notch medical benefits. Why would you want to work hard if you aren't going to be rewarded for it.
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02-12-2014, 02:42 AM #21"ARs Pork Eating Crusader"
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Have you guys noticed that whats considered poor these days is not even that bad???? Its considered poor if you don't have a mobile phone or internet or only one tv thats not a 3D led lcd flatscreen. To me poor is when your out on the streets or living in a cambodian village. As far as I'm concerned if your got a house of your own and food in your belly then your doing pretty good.
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02-12-2014, 10:27 AM #22
Problem many of us are forgetting here:
1. Who grew up thinking flipping burgers was going to get you a house, car, and paid vacations. Some guys would step up and do the hard work for a little more money like tile, roofing, or drywall.
2. What exactly does living expense mean. That is where most AMERICANS have it WRONG. Can I live like my father who make more money then myself. NO, so I love within my means. I see everyday people complaining about money and not being able afford anything while there talking on a iphone 5 from Verizon. (where does it say we NEED a cell phone. This is not a necessity, and society makes our young kids think it is.
cell phone
car+ no need for insurance (you can use public transportation)
restaurant eating (you would be surprised how many poor people seem to eat chili's Outback etc
cable tv
the list goes on...
the American dream was not for everyone to have everything the same...I want a 5 series BMW but it is not within my means. Maybe I should try to sue my boss for not paying me a "livable salary"
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02-12-2014, 10:30 AM #23
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02-12-2014, 12:12 PM #24
The problem is over the last few decades.
Upper management and CEO pay has skyrocketed. Where as the average worker has been stagnant.
So as businesses profits have been going up over the years. Upper management (The one responsible for giving raises)
Decided to keep rewarding themselves rather then the lower work force.
Corporate Greed is what's destroying this country.
These corporation want to pay their lower work force as little as possible, to help pad their bottom line. All in the name of pleasing shareholders. All while getting huge Tax breaks and or corporate welfare.
This in turn forces the middle class to pick up the tab by paying more taxes.
To support these greedy Corporations who want all sorts of tax breaks so they can create a bunch of low paying jobs.
That will need welfare to stay afloat.
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02-12-2014, 12:18 PM #25
This video explains perfectly the problem in America.
http://m.youtube.com/watch?v=QPKKQnijnsM
Those with the power to give raises would rather be greedy , then reward their employees that helped make them millionaires.
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02-12-2014, 12:36 PM #26
Im sorry if someone said this already haven't read through every response. But from my understanding this act is for "government employees" not everyone. But I could be wrong. Missed half the news story this morning. But I did hear them say this.
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02-12-2014, 01:31 PM #27
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02-12-2014, 05:14 PM #28
Are you kidding me. I can't believe you feel the RICHEST country in the world should have ( WORKING ) citizens starve or stand in the cold waiting for food.
While CEO's make millions a year.
I grew up the life you speak of Lovbyts.
I went to sleep plenty of nights hungry.
Heated the house with our stove.
Are family rode the bus everywhere.
Not because my parents didn't work. But because the jobs they had were crappy. With crappy pay. But made just above the welfare limit, so my family received no help from the government.
My parents eventually got better jobs and things got better. But by no means were we well off.
This was in the 80's & early 90's.
And since that time minimum wage has moved but a couple dollars.
While the cost of living has skyrocketed.
Something tells me you probably have no clue about what it's like to live the lifestyle you perceive as Poor.Last edited by DB1982; 02-12-2014 at 05:19 PM.
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Actually you are quoting flawed statistics... This was produced by the Huffington Post... A site known for liberal philosphy
But my question to you all... If I am an entry worker making a widgit at $10 / hr - what should the CEO of 50,000 to 300,000 employees make? The new guy makes widgits... The CEO is responsible for a multi BILLION dollar company... he has spent his entire life in school and working his way up the ladder.
Since when in America did making money become wrong?
Answer: When the 60's Hippies became college professors and news anchors!
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02-12-2014, 05:30 PM #30
About the time when the rich find every way NOT to pay taxes. Then own a company that gets corporate welfare from our government through tax relief.
Or sends American jobs over seas to make more profit.
Yeah that CEO is responsible for alot and make the company lots of money. But so do those 50,000-300,000 employees.
So why should upper management reap all the reward.
When is was the ENTIRE company That's responsible for the profits not just a few.
A lot of Companies now feel like their the government. And when things get tight , they will simply just take from those who are lower on the totem pole.
But when there's a surplus, thats only a result of only upper management's hard work and has nothing to do with the lower class work force.
So upper management takes all the credit and profit. And tells the lower class they should be lucky to have a job.
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02-12-2014, 05:32 PM #31Senior Member
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Gonna catch heat for this, but,
DB1982
Your story has only one answer in my book. Some people should not procreate, if they cant afford children. If you work a shitty job, and cant afford basic things, like transportation, or food, then dont have kids.
No not everbody deserves to "live the dream" Yes its fu*ked up that CEO's make what they make, and the people doing all the work receive less.
But thats how it works. If its not your company and you are just an employee, then no you dont deserve more.
Open up your own business, create something, and then you too can make CEO pay.
I did irrigation for years, and made a lot less than the boss, but I never complained. Thats life.
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02-12-2014, 05:53 PM #32
I actually agree with you for the most part.
But we were poor when my father was a maintenance man at big hotel chain.
My mother worked in the cafeteria at a middle school.
So it wasn't like they worked at McDonald's or a gas station.
Like I said things got better over time.
But I stand by my statement I your a full time working member of society. There's no reason you should have to starve or stand in the cold for food.
Especially when upper management pay is so high.
It's called pay it forward.
I'm not a greedy person. So money has no value to me, it's just a tool I use to purchase things I want.
Just like my skill set is a tool I use to make money.
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02-12-2014, 06:08 PM #33
Here something to ponder.
My wife is a Nurse and going the school to be a Physician.
Her hospital is trying to cut their health insurance because it's to expensive.
Yet their employees health insurance is mainly used at their hospital.
So impart the hospital is saying we can afford to pay your insurance because we charge too much for our services.
So the hospital wants to supplement their pay so each employee can purchase their own health care from an outside company. Costing the employee hundreds of dollars more in new costs..........
All upper management and Dr's & Physicians health insurance well be unchanged and fully covered.
My wife is a NURSE not a McDonald's employee but that is still considered lower class at a hospital.
This is just one of many instances where corporations put profits over employees.
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02-12-2014, 06:11 PM #34Senior Member
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Exactly Skill Set. Just takes hard work and decent intelligence to aquire a Skill Set.
People dont need T.V, Nice Cars, Name Brand Clothes, IPods, eat at resturants, and aymaterialistic thing that we are brainwashing into believing that we NEED.
If you cant afford it you dont deserve it. If you did not work your ass off you dont deserve it
The point is that there should be a Middle Class, fo balance. There will not be a middle class much longer.
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02-12-2014, 06:12 PM #35"ARs Pork Eating Crusader"
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Capitalism needs the poor and middle class to survive. Imagine what would happen if everyone got paid a ceo salary? This is why in theory Communism sounds so good.
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There is so very much wrong with this line... I am going to focus on this one statement. You are so very very very wrong about who pays taxes in the United States....
Nearly 50% of the people in this country pay no taxes. And forget what your friends in the We Are the 99%... The top 10% pay almost 65% of the income tax generated by the federal government.
Take someone who makes $4 million dollars a year and someone who makes $40,000 a year. The person making $4 million dollars is paying a 35 percent tax on most of that money. The person making $40,000 is probably paying no income tax at all.
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Do you know why her health insurance is so expensive? Because now they have to cover EVERYTHING for EVERYONE. Health insurance for a 90 year old woman MUST include coverage for prenatal care, birth control and a host of other stuff she will NEVER use. It is the law. Same with men, except the prenatal care.
Oh and by the way... corporations are there to make money.... They are not there to benefit the worker... never have been, never will be. As shareholder in many companies, I do not look at employee relations when investing... I look at the bottom line. Why, employee relationships are wonderful, but they won't make me money...
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02-12-2014, 06:17 PM #38Senior Member
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Your wife is about to pay out the ass for insurance. With the amount of money she brings in, that sucks.
Your wife has a great Skill Set. Therefore you will be alright. Nurses are the backbone of any society.
The same CEO's of these major corporations have all of America brainwashed into believing that they need all the bullshit they are selling. Quit consuming so much and their pay will decrease.
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02-12-2014, 06:23 PM #39Senior Member
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50% of Americans on that chart are probably collecting a government check of some sort
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02-12-2014, 06:24 PM #40Senior Member
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oh, and dont worry my family pays enough to cover a few households
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