car-one-responding:

Real talk. If burger flippers get 15, we should get 50. Just saying.

car-one-responding:

Real talk. If burger flippers get 15, we should get 50. Just saying.

(via azgunguy)

asker

dontlettodaygotowaste asked: When you say that you've failed at living if you're an adult making minimum wage, what about immigrants? They didn't "fail" by coming to this country, where they can at least get a job, than by staying in their home country where there was no chance for them. Or are you making the assumption that they're going to get raises?

redbloodedamerica:

dasheran:

redbloodedamerica:

Well, when you bring up immigrants, you bring up a good point.  If these immigrants came here to work for these “starving wages,” are they really that bad?  That must mean that a) there is an opportunity in this country, b) they’re better wages than what was offered in their home country, c) they’re able to make a living here off of these wages, and  d) they believe in income mobility and the chance for an even better living.

Also, another question: (Which ok is actually probably pretty dumb but still bear with me) when you say that prices have to go up to make up for the hikes in labor costs, is this just to make the company have the same profits? Because idk I think it’s kind if selfish of the CEO to raise all the prices and take away the point of raising the minimum wage just so they could have a bigger paycheck. Or is this just liberal crap I’ve been told with no actual basis?

Nonsense, these are good questions.  Well, for a big jump in minimum wage such as the ridiculously proposed $15, there would need to be some very drastic changes in the company’s operations.  This would be a combination of shedding workers, raising costs, and/or reducing hours.  You see, despite the negative aspect some people get, the entire point of running a business, large or small, is to earn a profit.

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These profits help the business grow, hire more workers, grow value, expand, pay worker bonuses, invest in new technology, give worker’s raises…the list goes on and on.  If a business worked at a model to only break even, not only would that business inevitably fail it would be the most dull company in the world.  Remember, despite this negative connotation out there, CEOs and owners do not just pocket all these profits.  I’ve outlined before how if the CEO Walmart donated his entire income back into the company it wouldn’t make a lick of difference to the employees.

I suggest everyone take a simple business class, no matter what their major, in college at some point or just ask their own manager or boss how their business’s profit margin operates.  It may shed some light on this false narrative being thrown around.

Although I think raising minimum wage to $15.00/hr would probably not be ideal, it cannot be ignored that the wage rate must increase.The wage rate in the US has stagnated at around $7.00/hr since the 1980’s, it hasn’t kept up with inflation and by today standards it is inadequate to provide a good quality of life for most Americans and remains low by international standards. The rhetoric being thrown out there by conservatives such as yourself can be proven incorrect; raising the minimum wage will not necessarily lead to job loss. Most states who have raised the minimum wage at the beginning of this year have experienced a faster job growth within six months. This is because raising the minimum wage will not hurt the private sector. Raising the minimum wage will also raise the disposable income of households (which are your customers) and will allow them to consume more. If you are any type of business, it is likely that you will see an increase in purchases which will offset the costs of paying a higher and reasonable minimum wage.

The country as a whole would also benefit. About 70% of our GDP is composed of consumption by households and, if I’m not mistaken, businesses do benefit from a reinvigorated economy and an eventual increase in infrastructure, don’t they?

It is true that CEOs are not taking all the profits, but it is undeniable that they do get paid ridiculously high salaries (they even increased during the recession in 07-08 while everybody else was getting screwed over). Although at times these high salaries are merited, there is a big problem with wealth accumulation in this country, specially because wealth does not “trickle down” or circulate back into the economy as quickly. As your income becomes higher, the marginal propensity to consume becomes smaller than your marginal propensity to save. Meaning, people in the upper class tend to contribute less into consumption and save more money. It is also getting increasingly hard for people to participate in this ideal scenario of upward mobility, specially if you are starting a job with a wage that has barely changed over the last thirty years, a job market that requires more adaptability and more specialization than ever before, a higher cost to acquire the skills needed, and higher cost of living.

I do not support automatically raising the $/hr to $15.00 as I believe this would be a shock to the economy that wouldn’t be beneficial. In my humble opinion, the proposed $10.10/hr is a good place to start and it should be adjusted yearly to inflation.

I do recommend that everyone, regardless of their major, should take at least the introductory economics courses, that way they won’t fall prey to false narratives. However, they should also take the most basic business courses to understand how business works. As both an economist and a business owner I can see both sides of the argument and in my opinion we should try to not be so one sided.

and btw, Gordon Gekko was the villain so talk about negative aspects…

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It’s not “conservative rhetoric”; it’s basic economics and common sense.  Most of your talking points on the other hand have been thrown around so much, they’re like bad jokes.  Unfortunately, the punch line is on you.  Lucky for me, people can lie, but numbers do not.

Claim 1:“Most states who have raised the minimum wage at the beginning of this year have experienced a faster job growth within six months.”

This was based on a “simplistic” survey of those 13 states (4 of which that actually increased the minimum wage) conducted by Goldman Sachs.  It was then taken out of context by the Center for Economic and Policy Research (CEPR), a liberal economic think tank center brought to you by “economists” Dean Baker (lib) and Mark Weisbrot (lib).  They posted this chart recently: 

image

What they did was take the average Oct/Nov/Dec of 2013 and compared it to the average of Jan/Feb/Mar 2014.  Seems like pretty odd way of sampling; not to mention after running all the same numbers I got drastically different results.  California has a much higher percentage of increase then they allude to: up 4% according to their formula calculated by Table 5 of BLS Database.  Either way their claim that “the average change in employment for the 13 states that increased their minimum wage was +0.61%, while for the remaining states (all of which did not change their minimum wage) the average employment change was +0.27%" is a complete load considering states without an increase are obviously a much larger sampling.  I expected no less from slimy leftist economists.  I’m not the only person to figure this out either.

I also want to note that the majority of these states who foolishly raised their wages, only did so +.01-.03%.  Only New York and New Jersey went up 1%.  That’s a sharp contrast from Obama’s $10.10 (+39.31%) and the other prevailing nutjob idea of $15 (+106.8%).  If it wasn’t obvious, a leap of .01 to 1% is slightly easier for businesses to compensate and adjust to compared to 40%-106%.  Anyone that has had to forecast a profit plan understands the drastic changes to how these extreme labor costs would alter their business model.  That’s precisely why the majority of business owners don’t want an increase.

Claim #2: The wage rate in the US has stagnated at around $7.00/hr since the 1980’s, it hasn’t kept up with inflation”

Oh, one of my favorite Robert Reich progressive talking points.  Well, why respond to a ridiculous claim recycled from an obvious propaganda video paid by unions, when I can counter it with a video that already does that better:

Claim #3: Raising the minimum wage will also raise the disposable income of households (which are your customers) and will allow them to consume more.”

As I’ve said numerous times before, raising the minimum wage does not stimulate the economy by increasing disposable income.  When you drastically increase labor costs, and you cannot eliminate anymore needed employees, prices will go up.  That’s your basic economics.  In doing so, those workers (still employed) who have seen their wages increase will most likely correlate to the increases in cost.  It will most likely not improve their spending power, however those that didn’t see their wages increased will now see the burden of that increase in prices as a result.

Claim #4: It is true that CEOs are not taking all the profits, but it is undeniable that they do get paid ridiculously high salaries (they even increased during the recession in 07-08 while everybody else was getting screwed over).”

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As I linked to in the post above, I’ve also debunked this stupid class warfare argument.  Regardless of how much a CEO or owner earns from the company they run or own, they still don’t make enough to affect employees wages, especially in big corporations.

Claim #5: "…there is a big problem with wealth accumulation in this country, specially because wealth does not “trickle down” or circulate back into the economy as quickly."

Another preposterous class warfare statement.  Of course the higher quintile earners spend just as much of their money, if not more.  They just spend it on different things.   Not only does the wealth income of those wicked evil, rich, no-good CEOS trickle down in the form of high-priced luxury commodities and services, it is also given away in charity and not to mention redistributed heavily in our crooked progressive tax system.  Don’t forget who pays the majority of the taxes pal.

Claim #6: As your income becomes higher, the marginal propensity to consume becomes smaller than your marginal propensity to save.”

It’s called earning wealth.  That’s a good thing.  You want to get to the point where you can save up for things like, I don’t know, your kid’s college education, a rainy day fund, and your retirement.  You’re also being selective in your characterization because just as for the man that works his way up to CEO of a company may start to save more of his $500,000 salary, multi-million dollar sports star may blow his entire $6 million dollar salary in a couple of years.  It’s a relative on the individual.

Claim #7: It is also getting increasingly hard for people to participate in this ideal scenario of upward mobility, specially if you are starting a job with a wage that has barely changed over the last thirty years,”

If you are still stuck in the same rotten paying job for 30 years…

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Upward Mobility is still occurring whether you like it or not.  It’s time for you and your ilk to stop spreading this pessimistic disinformation.  Millions of people in this country have worked their way up from low-paying minimum wage jobs to higher paying jobs.  That’s why the majority of American households make well over minimum wage yearly income as well as enjoy a better lifestyle than even as early back as 25 years ago.

If you had a clue about even basic economics and actually own a legitimate business with real employees, I’d be truly shocked.  All I’ve heard from you are the typical progressive talking points spewed by the likes of whitebeard pseudo-economists like Robert Reich and Paul Krugman.

The explanation of how artificially increasing the minimum wage affects young and unskilled workers is the most primitive of economic lessons:

Before you rush off to try and explain economics to someone else, you may need to learn the very simple basics and work your way back.

…oh, and despite Gecko being the “villain” of Wall Street, his point was very much virtuous.

"It is not from the benevolence of the butcher, the brewer, or the baker, that we expect our dinner, but from their regard to their own interests.  I have never known much good done by those who affected to trade for the public good." - Adam Smith

theheritagefoundation:

#StrikeFastFood? Here’s How the Price of Your Favorite Fast Food Would Change With a $15 Minimum Wage
via The Daily Signal

theheritagefoundation:

#StrikeFastFood? Here’s How the Price of Your Favorite Fast Food Would Change With a $15 Minimum Wage

via The Daily Signal

basedheisenberg:

"Doubling the minimum wage will create thousands of new jobs and boost local economies thanks to everyone having more money!"

image

(via christian-libertarian)

princesskilljoy:

totallynotagentphilcoulson:

raspberrypastry:

artiestroke:

americas-liberty:

dommypls:

Before you start ranting about the minimum wage being to low and want it to be $15.

This should be funny but it’s too true to laugh at. Raising the minimum wage will destroy low wage employment (AKA entry level jobs).

Okay no that is absolutely not true?!
By raising the minimum wage you ensure that people can actually, you know, BUY THINGS and SUPPORT THE ECONOMY?
Okay I am literally too tired of this horseshit. You know how much McDonalds would have to raise their prices in order to actually pay a REASONABLE minimum wage?
A nickle. And not even on ALL of their food items- just SOME of them.
You assholes trying to keep the poor from trying to improve their situation make me fucking sick. Do you even KNOW HOW FUCKING CAPITALISM WORKS?
YOU PAY PEOPLE PROFIT FOR THEIR WORK SO THEY CAN BUY MORE THINGS AND PAY OTHERS PROFIT FOR THEIR GOODS AND SERVICES AND ITS A GODDAMN CYCLE. YOU DONT KEEP PEOPLE BARELY PAID ENOUGH TO BE ABLE TO FEED OR CLOTHE OR HOUSE THEMSELVES BECAUSE THAT KILLS THE GODDAMN ECONOMY.
THE WORKING FORCE IS WHAT POWERS THE ECONOMY
NOT CORPORATE SHITFUCKS TRYING TO BRING US BACK TO 1800’S WORK CONDITIONS
THANK YOU AND GOOD FUCKING NIGHT.

Tumblr user artiestroke lays down the law

Also the touchscreen kiosks that McDonald’s Europe ordered back in 2011 shown in the picture were ordered to speed up taking orders so their paid employees could focus more on filling those orders, not as a method of replacing minimum wage workers
As a matter of fact, they projected back in 2011 that this would result in an INCREASE in jobs
So yeah dommypls and americas-liberty, learn economics.

Someone asked me once whether I was worried that these things would take over my job (when I was still working fast food) and I saw them as a fucking godsend for customers who wanted to be grouchy and not, you know, treat me like a real person while they were ordering because it meant I didn’t have to talk to them and they didn’t have to talk to me and I just had to focus on getting shit ready.
Basically if you think this is the most challenging part of fast food you’ve never worked hospitality. You won’t believe the people who go off their nut because no shit their pickle is off-centre.


The thing is, McDonalds is developing a “self running restaurant.” In other words, machines do the work and there may be an attendant to maintain the systems. If not for high labor costs, there would be no need to develop such a system. You can fool yourself into thinking raising the minimum wage won’t affect you, but when you are swimming in fees and taxes (as well as not getting full time work), we can talk some more about reality.

princesskilljoy:

totallynotagentphilcoulson:

raspberrypastry:

artiestroke:

americas-liberty:

dommypls:

Before you start ranting about the minimum wage being to low and want it to be $15.

This should be funny but it’s too true to laugh at. Raising the minimum wage will destroy low wage employment (AKA entry level jobs).

Okay no that is absolutely not true?!

By raising the minimum wage you ensure that people can actually, you know, BUY THINGS and SUPPORT THE ECONOMY?

Okay I am literally too tired of this horseshit. You know how much McDonalds would have to raise their prices in order to actually pay a REASONABLE minimum wage?

A nickle. And not even on ALL of their food items- just SOME of them.

You assholes trying to keep the poor from trying to improve their situation make me fucking sick. Do you even KNOW HOW FUCKING CAPITALISM WORKS?

YOU PAY PEOPLE PROFIT FOR THEIR WORK SO THEY CAN BUY MORE THINGS AND PAY OTHERS PROFIT FOR THEIR GOODS AND SERVICES AND ITS A GODDAMN CYCLE. YOU DONT KEEP PEOPLE BARELY PAID ENOUGH TO BE ABLE TO FEED OR CLOTHE OR HOUSE THEMSELVES BECAUSE THAT KILLS THE GODDAMN ECONOMY.

THE WORKING FORCE IS WHAT POWERS THE ECONOMY

NOT CORPORATE SHITFUCKS TRYING TO BRING US BACK TO 1800’S WORK CONDITIONS

THANK YOU AND GOOD FUCKING NIGHT.

Tumblr user artiestroke lays down the law

Also the touchscreen kiosks that McDonald’s Europe ordered back in 2011 shown in the picture were ordered to speed up taking orders so their paid employees could focus more on filling those orders, not as a method of replacing minimum wage workers

As a matter of fact, they projected back in 2011 that this would result in an INCREASE in jobs

So yeah dommypls and americas-liberty, learn economics.

Someone asked me once whether I was worried that these things would take over my job (when I was still working fast food) and I saw them as a fucking godsend for customers who wanted to be grouchy and not, you know, treat me like a real person while they were ordering because it meant I didn’t have to talk to them and they didn’t have to talk to me and I just had to focus on getting shit ready.

Basically if you think this is the most challenging part of fast food you’ve never worked hospitality. You won’t believe the people who go off their nut because no shit their pickle is off-centre.

The thing is, McDonalds is developing a “self running restaurant.” In other words, machines do the work and there may be an attendant to maintain the systems. If not for high labor costs, there would be no need to develop such a system.

You can fool yourself into thinking raising the minimum wage won’t affect you, but when you are swimming in fees and taxes (as well as not getting full time work), we can talk some more about reality.

(via mike10031)

Unintended yet predictable consequences: Minnesota restaurant adds ‘minimum wage fee’

poorrichardsnews:

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We reported something similar taking place in Washington not too long ago. This is the minimum wage in action, folks. Remember, nothing occurs in a vacuum. Whenever the government mandates that businesses pay more for employees, something must happen. That extra money must come from somewhere.

From a hilariously biased Minnesota CBS affiliate:

People eating at a Stillwater restaurant Tuesday noticed a new fee added to their bill.

Owners of the Oasis Cafe are charging a 35 cent minimum wage fee. They say it’s to offset the cost of an increased minimum wage for tipped employees.

Customers have mixed reviews about the new fee.
For some, the thought of charging customers this fee sent them to social media to vent.

“You’re essentially blaming customers for the increase when you charge for it the way you do,” one customer wrote on Facebook.

Another said: “It’s Oasis way of blaming our government for trying to set a fair living wage. It is political grandstanding.”

Oasis owners fired back on Facebook, saying: “Thumbing my nose at the law change, you’re right. Part of my thinking was to shine a light on this matter, which I truly believe is in the best interest of both my business and employees.”

Read the Rest (video at the link)

Again, nothing happens in a vacuum, or, as Thomas Sowell would say, “There’s no such thing as a free lunch.”

For those of you who are still a little confused on why the minimum wage literally hurts those it claims to help, here are some videos:

And it’s not just true for minimum wage, it’s true for virtually everything the government does. Whenever the government tries to do something to “help”, regardless of how well intentioned, it generally makes it and/or something else worse. This is a basic axiom.

priceofliberty:

minimumwage.jpg

Dun dun DUUUUUUUUH!I hate to say “told you so,” but…

priceofliberty:

minimumwage.jpg

Dun dun DUUUUUUUUH!

I hate to say “told you so,” but…

(via fandomsandconservativelogic)

cobra-23:

ourtimeorg:

Act now: http://wefb.it/RDFkx4

What??? You know people will lose their jobs right?

This has to be the most economically illiterate post I have ever seen. Seattle just hiked their minimum wage and are now seeing higher prices, more fees, etc… just like we said would happen. This is not rocket science, it’s actually pretty simple.Oh wait, it’s from the Center for American Progress. It makes sense now.

cobra-23:

ourtimeorg:

Act now: http://wefb.it/RDFkx4

What??? You know people will lose their jobs right?

This has to be the most economically illiterate post I have ever seen. Seattle just hiked their minimum wage and are now seeing higher prices, more fees, etc… just like we said would happen. This is not rocket science, it’s actually pretty simple.

Oh wait, it’s from the Center for American Progress. It makes sense now.

redbloodedamerica:

theturningpointusa:

Seattle is proving that raising the minimum wage does not necessarily mean workers are better off.Two major problems: workers receive higher wages at the expense of benefit/perks and prices rise for everyone.One woman’s account: “I lost my 401k, health insurance, paid holiday, and vacation,” (http://shiftwa.org/sea-tac-workers-not-happy-with-15-min-wage/)Effects on prices illustrated above.



Called it. Have fun with those inflated prices, Seattle. Next thing to rise: unemployment.

redbloodedamerica:

theturningpointusa:

Seattle is proving that raising the minimum wage does not necessarily mean workers are better off.

Two major problems: workers receive higher wages at the expense of benefit/perks and prices rise for everyone.

One woman’s account: “I lost my 401k, health insurance, paid holiday, and vacation,” (http://shiftwa.org/sea-tac-workers-not-happy-with-15-min-wage/)

Effects on prices illustrated above.

Called it. Have fun with those inflated prices, Seattle. Next thing to rise: unemployment.

(via conservanerdy)

Four Reasons NOT to Raise the Minimum Wage

catoinstitute:

The debate over minimum wage continues to rage across the country. But, would raising the minimum wage actually harm the very people it is purportedly designed to help?

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Research shows that businesses would respond to the increased costs by reducing employment, particularly for low-skilled workers. Some businesses may even pass the higher costs on to consumers. Despite the hope of proponents, raising the minimum wage would do little, if anything, to decrease poverty. 

 Here are four reasons NOT to raise the minimum wage….

It Would Result In Job Loss

Evidence of job losses have been found since the earliest imposition of the minimum wage

  • The first 25-cent minimum wage in 1938 resulted in significant job losses.
  • Minimum wage increases recently imposed in American Samoa resulted in economic effects so pronounced that President Obama signed into law a bill postponing them.
  • A 2006 review of more than 100 minimum wage studies by David Neumark and William Wascher found that about two-thirds found negative employment effects.
  • In 2010, Joseph Sabia and Richard Burkhauser estimated: “nearly 1.3 million jobs will be lost if the federal minimum wage is increased to $9.50 per hour.”

It Would Hurt Low-Skilled Workers

Evidence shows minimum wage increases disproportionally hurt the people they’re supposed to help

  • The 2006 Neumark and Wascher review found the literature “as largely solidifying the conventional view that minimum wages reduce employment among low-skilled workers.”
  • A 2012 analysis of the New York State minimum wage increase from $5.15 to $6.75 per hour found a “20.2 to 21.8 percent reduction in the employment of younger less-educated individuals.”
  • A 2010 analysis by Michael J. Hicks found: “the latest round of minimum wage increases” account “for roughly 550,000 fewer part-time jobs,” including “roughly 310,000 fewer teenagers working part-time.”

It Would Have Little Effect On Reducing Poverty

Evidence suggests that minimum wage increases don’t reduce poverty

  • In the previous federal minimum wage increase from $5.15 to $7.25, only 15 percent of the workers who were expected to gain from it lived in poor households, according to a 2012 review by Mark Wilson. If the minimum were today raised to $9.50, only 11 percent of workers who would gain live in poor households.
  • The 2012 Wilson review noted: “Since 1995, eight studies have examined the income and poverty effects of minimum wage increases, and all but one have found that past minimum wage hikes had no effect on poverty.”
  • The 2012 Wilson review noted: “One recent academic study found that both state and federal minimum wage increases between 2003 and 2007 had no effect on state poverty rates.”

It May Result In Higher Prices For Consumers

The costs of minimum wage increases must be paid by someone

  • The 2012 Wilson review noted: A 2004 “review of more than 20 minimum wage studies looking at price effects found that a 10 percent increase in the U.S. minimum wage raises food prices by up to 4 percent.”
  • A 2007 study from the Federal Reserve Bank of Chicago found that restaurant prices increase in response to minimum wage increases.

(via redbloodedamerica)

asker

Anonymous asked: Okay, I don't personally believe in many of the things that are on your blog, especially with the "homeless spikes" and being against raising minimum wage. 1. How is putting spikes anywhere helping the homeless? We should be trying to get them off the street not sweeping them under the rug. 2. The economy works by giving people enough money to spend on goods and services so that or can be put back into the economy. Raising minimum wage would actually be beneficial as more people can buy things.

Oh wow. You really have no idea how the real world works, do you? Ok, lemme break it down a bit:

1. The spikes are not to help the homeless. They are to help the property owner who has invested what would probably amount to their entire life’s fortune in their business/building. They are there to discourage anyone, not just the homeless, from loitering and damaging the property. There are countless programs, charities and shelters for the homeless in particular, so the spikes are really an excuse to bitch. Instead of complaining about a private property owner protecting his investment, how about you put your money and time where your mouth is and volunteer/donate to a homeless shelter or food kitchen. It would go a lot farther than your phony internet activism that feeds and houses exactly zero people.

2. You could not be more wrong about the economy. Wages are a by product of the economy, not it’s engine. Think of it like this: You are making paper clips. After you factor in manufacturing costs, overhead, labor costs and the like, you can sell your paper clips for .10¢ a piece. Now let’s say some government official comes and tells you that you have to raise your labor costs from $8/hr to $15/hr. This raise is not due to increased efficiency, but just some arbitrary increase because it makes people feel better and can get a politician re-elected. What do you think happens? Do you, as a manufacturer, eat the extra cost? You already only make a paltry 10-15% per sale. No, what you do is raise the price per paper clip to .20¢. Of course, the wage increase is not for paper clip manufacturers alone, so EVERYTHING goes up in cost. .99¢ hamburgers? Now $2. $3 gallon of milk? Now $6. What this wage increase does is simply raise prices for EVERYTHING

What good is doubling your income if everything doubles in price? You “purchasing power” does not increase in the long run when you arbitrarily raise the minimum wage. Production, profit and efficiency mandate what wages are. Not the other way around.

Minimum wage laws make it illegal for a worker to accept a job that pays less, even if the worker needs that job. — Peter Schiff (via moralanarchism)

My mother is looking for a job right now. Thank God for low paying jobs that can get her by until she finds a better one. Screw minimum wage BS.

(via stuff-that-irks-me)