Raise The Minimum Wage!

I know someone who started working for a company over two years ago. At that time, minimum wage was, I believe $7.50 per hour. Today he makes $7.75 per hour.

New hires at the same company now start off at $8.00 per hour. He did not receive a commensurate raise when they were hired and won't so the argument that all employees get a raise along with a minimum wage increase is moot.

Can someone answer this question? With some companies setting record profits, why aren't they hiring more people?
 
This whole thing is such bullshit. Food prices have risen dramaticaly since the last increase in minimum wage. Minimum wage earners can afford much less food now than they could in 2009. No one has provided any proof whatsoever that an icrease in minimum wage will be more than offsett by food inflation caused by said increase. Corps are sittting on trillions and not hiring because of lack of demand, caused by consumers earning less than the cost of living. The only way demand will increase is when consumers have more money than they need to survive. Henry Ford knew this and proved it. Why are all you knuckleheads in denial of basic facts?
 
Howey said:
Can someone answer this question? With some companies setting record profits, why aren't they hiring more people?
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Because of the uncertainty of the future combined with what is known.

What we don't know:

1) Taxation: We obviously will have to raise taxes to cover the insane spending and the ever rising debt. Will it be done by raising corp taxes? Individual? If you are a corp and listening to Obama rail on Corps... you should expect your taxes will be rising. If you think he will win, you hold off spending any cash that you don't have to.

2) Europe: Will it be a controlled fall or an uncontrolled mess? This answer, which we do not yet know, will greatly impact the economic recovery of the US.

3) China: How bad will their real estate problem become? How will they address that combined with their own slowing economy?

What we do know:

1) Economic growth worldwide is slowing. So why add labor at this time? It is far too costly to hire and train someone that you might have to lay off in six months.

2) The idiots in DC in both parties are showing no signs of fiscal responsibility. That means ever increasing debt. Which means by necessity higher taxation.

3) We cannot continue pushing the problems of today into the future with the vain sense that they will go away. Nor can we expect future generations to pay for our pain. The constant push for 'more stimulus' be it from Congress or the Fed Reserve is moronic. It is only going to cause the bubble to get ever larger and be all the more painful when it bursts. It is time to take some pain so that we can get on with a true recovery.

4) Short term 'stimulus' measures from Congress are pointless at this time. Either enact true Keynesian theory or do not. True supply side theory or do not. Enough of the half measures that do not work. Handing money to failed state governments is not a solution. It is a reward for poor management and should not be taking place.
 
BAN HAMMER said:
So, raising the minimum wage will somehow NOT raise the price of milk? Wow, when did that happen?
Click to expand...

milk company: hmmm everyone has more disposable income now. We should raise our prices! Besides, they can't do jack shit about it. Unless they secretly have an ulterior motive and want to eventually control my prices that I set . . .
 
Superfreak said:
Because of the uncertainty of the future combined with what is known.

What we don't know:

1) Taxation: We obviously will have to raise taxes to cover the insane spending and the ever rising debt. Will it be done by raising corp taxes? Individual? If you are a corp and listening to Obama rail on Corps... you should expect your taxes will be rising. If you think he will win, you hold off spending any cash that you don't have to.

2) Europe: Will it be a controlled fall or an uncontrolled mess? This answer, which we do not yet know, will greatly impact the economic recovery of the US.

3) China: How bad will their real estate problem become? How will they address that combined with their own slowing economy?

What we do know:

1) Economic growth worldwide is slowing. So why add labor at this time? It is far too costly to hire and train someone that you might have to lay off in six months.

2) The idiots in DC in both parties are showing no signs of fiscal responsibility. That means ever increasing debt. Which means by necessity higher taxation.

3) We cannot continue pushing the problems of today into the future with the vain sense that they will go away. Nor can we expect future generations to pay for our pain. The constant push for 'more stimulus' be it from Congress or the Fed Reserve is moronic. It is only going to cause the bubble to get ever larger and be all the more painful when it bursts. It is time to take some pain so that we can get on with a true recovery.

4) Short term 'stimulus' measures from Congress are pointless at this time. Either enact true Keynesian theory or do not. True supply side theory or do not. Enough of the half measures that do not work. Handing money to failed state governments is not a solution. It is a reward for poor management and should not be taking place.
Click to expand...

Complete, utter and unabashed bullshit.
 
Rune said:
This whole thing is such bullshit. Food prices have risen dramaticaly since the last increase in minimum wage. Minimum wage earners can afford much less food now than they could in 2009. No one has provided any proof whatsoever that an icrease in minimum wage will be more than offsett by food inflation caused by said increase. Corps are sittting on trillions and not hiring because of lack of demand, caused by consumers earning less than the cost of living. The only way demand will increase is when consumers have more money than they need to survive. Henry Ford knew this and proved it. Why are all you knuckleheads in denial of basic facts?
Click to expand...

If you want to truly help the poor afford more food etc... raising the minimum wage is a moronic policy. None of the other factors will be changed, yet you will be increasing the costs of goods/services to all consumers.

If you truly want to help the poor, write to congress and the President and tell them to support a strong dollar. Commodities such as food, energy, cotton (clothing) are all denominated in the dollar. Make it stronger and the costs of those commodities will fall. The main problem we have faced of late is that both Bush and Obama continue to support a weak dollar.
 
christiefan915 said:
Why do conservatives hate poor people?
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because the poor are entitled parasites that never shut the fuck up and don't understand basic economics. They are jealous of success at their core, and at the end of the day care more about "sticking it to the man" than actually taking charge and improving their own situation.
 
Howey said:
I know someone who started working for a company over two years ago. At that time, minimum wage was, I believe $7.50 per hour. Today he makes $7.75 per hour.

New hires at the same company now start off at $8.00 per hour. He did not receive a commensurate raise when they were hired and won't so the argument that all employees get a raise along with a minimum wage increase is moot.

Can someone answer this question? With some companies setting record profits, why aren't they hiring more people?
Click to expand...

Can you answer whether the FUCKING MARGINS are also record setting?
 
Howey said:
Another question. How high do prices go up when middle and executive level employees get a raise?
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Yes, let's test the asinine rationale being trotted out here, shall we?

How high do prices go up when middle and executive level employees get a raise?
 
Howey said:
Another question. How high do prices go up when middle and executive level employees get a raise?
Click to expand...

Depends on the amount of the raise, but increases in labor costs (assuming all other factors remain the same) means that either profitability goes down (which most exec's are not going to let happen, especially if a publicly traded company) or costs of goods/services goes up.
 
Rune said:
Show how a question is a claim.
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:rolleyes:

I should have said "exclaimed"... Now a question is a form of argument, in the question you started arguing against what nobody had stated... which is what a Strawman argument is...

It's always easy to decimate your competition when there is none.
 
Damocles said:
:rolleyes:

I should have said "exclaimed"... Now a question is a form of argument, in the question you started arguing against what nobody had stated... which is what a Strawman argument is...

It's always easy to decimate your competition when there is none.
Click to expand...

BAN HAMMER said:
So, raising the minimum wage will somehow NOT raise the price of milk? Wow, when did that happen?
Click to expand...

Wipe up your drool Damo.

By two of your standards, Bill's post above is a strawman. This is what I was replying to.
 
annata said:
"close enough for rock and roll", agreed.
Why the lack of capital investment? plenty of tax breaks -what else could it be but lack of demand?
No factory is gonna upgrade, no industry is going to improve ( unless mandated by law) - i just think (IMHO) it's a simple supply and demand curve.

It's more complex with globalization - the US economy is not a stand alone, but that is the root.
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I would say the lack of capital investment probably relates to this administrations less-than-hospitable positions toward industry and commerce. Right off, you have a massive new insurance entitlement the corporations are expected to help pay for, and then there are the endless regulatory burdens and roadblocks. The left has vilified capitalism to the point the capital investors are just not motivated.

I know a guy right now, who is sitting on $25 million, who WANTS to invest in a new Bio-diesel factory on the east coast. He isn't moving ahead on it because he doesn't know what kind of costs he will be hit with for health insurance, and the regulatory burdens for such a thing are a nightmare. He would probably deal with those, if the cost of labor were a little more certain. He's not some billionaire like Bill Gates, he has a decent amount of money, and dabbles in things he is interested in. Right now, he says it would be insane for anyone to go out there and invest in a new start-up enterprise, there are just too many uncertainties, mostly regarding the new health care reforms. Democrats and Liberals, I don't think, had any idea this Obamacare thing was going to chill job creation the way it has.
 
Rune said:
Wipe up your drool Damo.

By two of your standards, Bill's post above is a strawman. This is what I was replying to.
Click to expand...

Which changes nothing. You later get all upset when somebody sarcastically used the same "reasoning" against you. Hence the question: So nobody gets to use a strawman but you? (paraphrased)...

Are you now claiming that it wasn't a strawman?

As I said, it is always easy to "win" an argument when you are arguing against something nobody ever stated... no competition is easy pickings...
 
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