Your whole post is speculation, they would probably increase their price, but so would everybody else. So there would still be strong competitive factors
So we would all be paying $15 for a Big Mac? yeah, that’s brilliant.
Maybe you should not eat that Big Mac But on a serious note would you spend two dollars rather than ninety nine cents for a Big Mac?
[/quote]
It’s the easiset way to get 6000 cal/day. Broiled chiken breast can’t get me there.
No, I (and millions of others) would not pay $2 for a Big Mac, so the McDonalds would close and all their employees would be unemployed. And that is the magic of minumum wage.
[quote]pushharder wrote:
Pitt, you’re looking like a punch drunk boxer. You are getting pummeled and your (intellectual) health is in trouble. Someone in your corner needs to throw in the towel or the ref should just call a TKO.[/quote]
(And, yes, I just played a round of Punch-Out to get that screen shot.)
My family owns our own business(auto repair shop) and we pay well above minimum wage to our employees(employees that my father teaches, not skilled labor), and even without a minimum wage we would pay them the same… but not all businesses are looking out for their employees well being etc… They could care less if they are able to survive. I think a minimum wage should be set, but it shouldn’t constantly be altered.
One thing I noticed was in Austin Texas minimum wage was 5.65 and I got payed a little over double at my part time job at lowes… When I came to Rochester for school min wage was 7.10-5, and everyone was getting paid min wage other then me because they let me keep my previous pay luckily(the hr made a huge deal out of it). They raised min wage in Texas to 7.10 as well this past June I believe and I’m sure wages overall will start to drop(I know mine did by a 1.50 when I transferred back for the summer which I thought was ridiculous)… not sure exactly what point I was trying to make with that little story but it was amusing to me.
[quote]Amiright wrote:
My family owns our own business(auto repair shop) and we pay well above minimum wage to our employees(employees that my father teaches, not skilled labor), and even without a minimum wage we would pay them the same… but not all businesses are looking out for their employees well being etc… They could care less if they are able to survive. I think a minimum wage should be set, but it shouldn’t constantly be altered.
One thing I noticed was in Austin Texas minimum wage was 5.65 and I got payed a little over double at my part time job at lowes… When I came to Rochester for school min wage was 7.10-5, and everyone was getting paid min wage other then me because they let me keep my previous pay luckily(the hr made a huge deal out of it). They raised min wage in Texas to 7.10 as well this past June I believe and I’m sure wages overall will start to drop(I know mine did by a 1.50 when I transferred back for the summer which I thought was ridiculous)… not sure exactly what point I was trying to make with that little story but it was amusing to me. [/quote]
What would happen to your families business if they set the minimum wage at $40/hr? Would you still be able to hire the same number of people and stay in business? Or would you have to lay-off employees? That’s what businesses that are less profitable than the auto repair industry face with minimum wage at $7/hr.
Your whole post is speculation, they would probably increase their price, but so would everybody else. So there would still be strong competitive factors
So we would all be paying $15 for a Big Mac? yeah, that’s brilliant.
Maybe you should not eat that Big Mac But on a serious note would you spend two dollars rather than ninety nine cents for a Big Mac?
It’s the easiset way to get 6000 cal/day. Broiled chiken breast can’t get me there.
No, I (and millions of others) would not pay $2 for a Big Mac, so the McDonalds would close and all their employees would be unemployed. And that is the magic of minumum wage.[/quote]
[quote]Amiright wrote:
My family owns our own business(auto repair shop) and we pay well above minimum wage to our employees(employees that my father teaches, not skilled labor), and even without a minimum wage we would pay them the same… but not all businesses are looking out for their employees well being etc… They could care less if they are able to survive. I think a minimum wage should be set, but it shouldn’t constantly be altered.
One thing I noticed was in Austin Texas minimum wage was 5.65 and I got payed a little over double at my part time job at lowes… When I came to Rochester for school min wage was 7.10-5, and everyone was getting paid min wage other then me because they let me keep my previous pay luckily(the hr made a huge deal out of it). They raised min wage in Texas to 7.10 as well this past June I believe and I’m sure wages overall will start to drop(I know mine did by a 1.50 when I transferred back for the summer which I thought was ridiculous)… not sure exactly what point I was trying to make with that little story but it was amusing to me. [/quote]
Your father’s employees may not be unskilled, but if he is teaching them they are likely to get paid more than an actual unskilled worker. I have dealt with a lot of businessmen and just briefly talking to them, the trainees (between unskilled and skilled) get a higher wage than the unskilled workers, because they are doing a job, plus they are working on being trained.
Let’s say that in your father’s auto-shop, there is a few young kids who work in the garage fetching tools, rolling tires, getting oil, coolant, hoses, etc. stuff that takes no skill besides recognizing the part. Or maybe they do a little bit of labor like sweep up the floors. This would possibly save time for the other workers so they can do what they specialize more while they are at work. The kids are getting paid $3-4/hr and they have some money for chewing gum, and they learn responsibility, etc. Now the state says you have to pay your employees $7.25/hr, and there is no way you can hire these kids. Now, that may not cause any problem since they are just kids, but think about the experience alone they are not receiving because you cannot justify paying them.
[quote]pushharder wrote:
Pitt, you’re looking like a punch drunk boxer. You are getting pummeled and your (intellectual) health is in trouble. Someone in your corner needs to throw in the towel or the ref should just call a TKO.[/quote]
I am not worried, no way to win with no reasoning people. I am just curious on which people reason rather than quote rhetoric. Shit I may even be wrong about somethingâ??s, I enjoy conversing with intelligent people
Your whole post is speculation, they would probably increase their price, but so would everybody else. So there would still be strong competitive factors
So we would all be paying $15 for a Big Mac? yeah, that’s brilliant.
Maybe you should not eat that Big Mac But on a serious note would you spend two dollars rather than ninety nine cents for a Big Mac?
It’s the easiset way to get 6000 cal/day. Broiled chiken breast can’t get me there.
No, I (and millions of others) would not pay $2 for a Big Mac, so the McDonalds would close and all their employees would be unemployed. And that is the magic of minumum wage.
[quote]Beowolf wrote:
pittbulll wrote:
I know I am not that old, but when I grew up everybody had a job. In the sixties all mothers were stay at home. And the family lived on Dad�¢??s wages
In the seventies all the Mothers went to work, and lived a little better than the sixties.
There were so many jobs the companies had to hire High School students because that was the biggest labor pool available
Now you have both Mom and Dad working and no one is getting ahead, and most are losing ground fast. Every year productivity goes up and up and up, year after year. Wages have been stagnant for middle class since the sixties. But that top one percent is making astounding gains.
And do you think minimum wage has risen or fallen since then hmm?
[/quote]
I have to disagree with this point from personal experience. Having been employed in the telecom industry prior to my now career I have seen a CEO destroy a company first hand.
Minimum wage doesn’t actually have to do what it’s advertised to do. In fact, it could even be harmful in the end. However, don’t overlook the importance of a superficial appearance of “fairness.” This is much more important than actual results.
[quote]Sloth wrote:
Minimum wage doesn’t actually have to do what it’s advertised to do. In fact, it could even be harmful in the end. However, don’t overlook the importance of a superficial appearance of “fairness.” This is much more important than actual results. [/quote]
But the pretense of “fairness” through BS establishes BS as a legitimate tactic that then have to be used by all to gain votes. That might be worse than the appearance of fairness.
Infinite regress much?
Might as well do the right think and let the chips fall where they may.
[quote]orion wrote:
Sloth wrote:
Minimum wage doesn’t actually have to do what it’s advertised to do. In fact, it could even be harmful in the end. However, don’t overlook the importance of a superficial appearance of “fairness.” This is much more important than actual results.
But the pretense of “fairness” through BS establishes BS as a legitimate tactic that then have to be used by all to gain votes. That might be worse than the appearance of fairness.
Infinite regress much?
Might as well do the right think and let the chips fall where they may.
[/quote]
People as a whole will accept further harm to themselves as long as they know those “unfairly” better off bastards took a hit in the process.
[quote]Sloth wrote:
orion wrote:
Sloth wrote:
Minimum wage doesn’t actually have to do what it’s advertised to do. In fact, it could even be harmful in the end. However, don’t overlook the importance of a superficial appearance of “fairness.” This is much more important than actual results.
But the pretense of “fairness” through BS establishes BS as a legitimate tactic that then have to be used by all to gain votes. That might be worse than the appearance of fairness.
Infinite regress much?
Might as well do the right think and let the chips fall where they may.
People as a whole will accept further harm to themselves as long as they know those “unfairly” better off bastards took a hit in the process.[/quote]
People as a whole will accept further harm to themselves as long as they know those “unfairly” better off bastards took a hit in the process.
I know, but why encourage it?[/quote]
It doesn’t need to be encouraged. It’s just the way it is. We don’t have a minimum wage because of politicians in spite of the people’s wishes. We have a minimum wage because the people want politicians who also want a minimum wage.
People as a whole will accept further harm to themselves as long as they know those “unfairly” better off bastards took a hit in the process.
I know, but why encourage it?
It doesn’t need to be encouraged. It’s just the way it is. We don’t have a minimum wage because of politicians in spite of the people’s wishes. We have a minimum wage because the people want politicians who also want a minimum wage.[/quote]
Correction we have a minimum wage because of the “Fair Labor Standards Act”.
[quote]lanchefan1 wrote:
It doesn’t need to be encouraged. It’s just the way it is. We don’t have a minimum wage because of politicians in spite of the people’s wishes. We have a minimum wage because the people want politicians who also want a minimum wage.
Correction we have a minimum wage because of the “Fair Labor Standards Act”.[/quote]
Not sure what this is supposed to be a correction for.
[quote]Sloth wrote:
lanchefan1 wrote:
It doesn’t need to be encouraged. It’s just the way it is. We don’t have a minimum wage because of politicians in spite of the people’s wishes. We have a minimum wage because the people want politicians who also want a minimum wage.
Correction we have a minimum wage because of the “Fair Labor Standards Act”.
Not sure what this is supposed to be a correction for.[/quote]
You stated we have a minimum wage in spite of the peoples wishes, I was merely pointing out that was not the case.
But on a serious note would you spend two dollars rather than ninety nine cents for a Big Mac?