What happens if Biden gets his $15 minimum wage passed?

[Into the Night]

Why would they get laid off if they suddenly had more money to spend? Wouldn't increasing consumer demand for 58,000,000 people lead to more hiring, not less? How do businesses meet that increased demand?

They wouldn't have more money to spend. They are laid off.

[Into the Night]

FFS, minwage affects like 2% of the population.

Another made up number.

[Into the Night]

Price Control? Lol.

That is what I said. Price controls don't work.

Hey. Are you aware of how subsidized farmers have become?

Yes. It's a real problem. It is also not price controls. It is welfare.

My fiance grew up on a farm, so I know a lot about it.

Guess you don't.

Americans love their eggs and milk.
Unfortunately, these are not profitable for farmers,

Actually, they are.

so the government subsidizes farmers who produce eggs and milk.

Some of them, yes. Still not price controls. Welfare is not price controls. Welfare doesn't work either, of course.

Without subsidization, you'd be paying like $15 for a gallon of milk.

Random number. You are making up numbers. The price of milk, like anything else, is determined by supply and demand.

[Into the Night]

So you have no problem with increasing it, then.

1. Most companies that pay minimum wage are massive corporations that could easily afford to pay its workers more without any effect on their business.

No. Any cost affects a corporation, regardless of it's size. Price controls do not work. Jobs are simply lost. Price controls always produce shortages. In this case, shortages of available jobs.

2. Most small companies actually pay more than the minimum wage, and the workers who might lose jobs in those few small companies that do pay minimum wage can easily find work elsewhere. As I've stated elsewhere, one only needs to take a quick gander on job websites like Indeed.com to see how many places like Adidas, Amazon, Chewy, etc., are constantly hiring for unskilled labor in their warehouses. (And it's always at a wage above minimum wage.)

You are making stuff up again. Argument from randU.

So who's going to suffer? The small percentage of small business that pay their workers peanuts anyway? It's a small sacrifice to pay to uplift millions of Americans from working poverty.

Who are YOU to dictate markets? That's fascism, dude.

And, no, the price of a Big Mac won't increase. Fast food is ridiculously cheap to produce. Capitalism--the need to compete for the public's business--will naturally keep prices down.

Rationalizing the dictation of markets doesn't change the government action you are trying to justify.

[gfm7175]

You earned it, so you may as well be proud to wear it!

You MUST use my preferred pronoun. YOUR side made up that rule... remember?

[Geeko Sportivo]

You MUST use my preferred pronoun. YOUR side made up that rule... remember?

What is your preferred pronoun? Let me guess, you think you are a Patriot?

[gfm7175]

Have you ever worked in a minimum-wage job?

No, but I worked a NEAR minimum wage part time job (that 1st job, in 2008, paid $8/hr, and my pay rate went up to just under $10/hr by the time that I quit it, after I received my Associates in Accounting degree, and then I started my currently held full time job, which paid slightly more than the almost $10/hr that I left behind when I started this 2nd job with zero experience, but today that same job pays quite a bit more since I now have experience under my belt and have taken on additional duties).

Many minimum-wage jobs are found at large corporations like McDonald's and Disney World, which can easily afford to pay their workers significantly more.

No, they can't. Do you realize how much it would cost McDonalds to raise their employees rates by even 50 cents/hr?

Many small businesses actually pay their workers more than minimum wage, and the ones that do pay only minimum wage have many employees working under the table anyway. (Think restaurants, family-owned businesses, sweatshops, etc.)

The small businesses that do pay minimum wage will just keep paying it but under the table, and the large corporations that pay it will simply increase their employees' wages without blinking an eye.

Price controls do not work, dude... They create shortages, in this case a shortage of jobs. There will be LESS JOBS AVAILABLE... Minimum wage is much better than ZERO wage...

[danielpalos]

So you say.

Cite an example of a boost in minimum wages driving economic improvement.

An example would be people with more experience currently making fifteen dollars an hour asking for higher wages once the minimum wage increases to that amount.

[danielpalos]

According to you.

When has a government-mandated wage hike produced the results you claim?

As you've been told, Calipornia has been raising the minimum wage since 2017, and they lead the nation in poverty, homelessness, and dependence on public assistance.

The multiplier effect. We know merely stopping Government spending by "closing government" can Cause a Recession.

Because wages have not kept up with inflation. Even the current push to fifteen dollars an hour is already outdated. According to one perspective, the minimum wage should be around eighteen dollars an hour based on gains in productivity.

[Legion]

The multiplier effect.

Does the multiplier effect theory (which I suspect you don't understand and cadged from a leftist website) guarantee that an unearned increase of income for one specific group won't drive consumer prices up in reaction to increased labor costs, thus negating the intent of the law?

We know merely stopping Government spending by "closing government" can Cause a Recession.

"We" don't "know" that. You believe that. Prove it, if you can.

Because wages have not kept up with inflation.

It’s not true that wages have been “flat” for “decades.” Wages have risen, faster than inflation, over the last several presidencies.

https://www.factcheck.org/2019/06/ar...ising-or-flat/

Even the current push to fifteen dollars an hour is already outdated.

What makes you say that?

According to one perspective, the minimum wage should be around eighteen dollars an hour based on gains in productivity.

Is that so? Why stop there? Maybe in your fantasy world there's an unlimited pot of money available to pay people more than they agreed to work for when they accepted employment. Is that the case?

[danielpalos]

Here is an example of how inefficient our economy really is and why welfare spending costs so much when the minimum wage should be keeping up with inflation.

[Legion]

An example would be people with more experience currently making fifteen dollars an hour asking for higher wages once the minimum wage increases to that amount.

That's not an example of a boost in minimum wages driving economic improvement, and it's not even close to analogous to what's being proposed. An employee requesting a wage increase or an employer granting one due to seniority is not the same thing as government forcing employers to increase pay for everyone in a wage bracket regardless of experience or productivity.

[Legion]

Here is an example of how inefficient our economy really is and why welfare spending costs so much when the minimum wage should be keeping up with inflation.

So? 2012? Really?

BTW, the inflation rate is 1.4%.

https://www.usinflationcalculator.com/inflation/current-inflation-rates/

Calipornia mandated incremental minimum wage increases in 2017. They are still are experiencing higher than average rates of poverty, homelessness, and dependence on public assistance.

https://www.thecentersquare.com/california/california-continues-to-have-the-highest-poverty-level-in-the-nation/article_45a6e2fc-f9f8-11ea-a19d-cf1649965470.html

[Nordberg]

The truth is the money for 15 exists in the economy right now. It is just confiscated by the owners. Papa Johns owner used the same arguments you rightys are using for not raising wages to 15. He screamed about how he could not afford it and would have to shut down. here is his home. https://people.com/home/the-house-th...ion-on-tiktok/
The head of Mcdonald's makes over 18 million a year.

[Legion]

Are you aware of how subsidized farmers have become?

Off-topic, Spammeta.

My fiance grew up on a farm, so I know a lot about it.