6
0

Minimum wage hikes create unemployment


 invite response                
2019 Apr 8, 4:20pm   7,124 views  89 comments

by FortWayneAsNancyPelosiHaircut   ➕follow (2)   💰tip   ignore  

https://www.foxnews.com/politics/15-minimum-wage-hikes-payroll-tsunami-hurt-small-businesses

I know many people who already have to do 2-3 jobs because of cuts everywhere, those cuts have been triggered by dumb Democrat laws, one was Obamacare.

Constantly raising cost of employment and goods, and everyone is fucked at the end. I swear Democrats are most economically illiterate people on the fucking planet.

« First        Comments 50 - 89 of 89        Search these comments

50   AD   2024 Jan 3, 4:51pm  

GNL says

More homeless and closer to a 3rd world shithole? Sounds great.


Need to incentivize and reward work and productivity gains.

Offer tax breaks or credits for housing for the worker class as one way to improve their standard of living and increase disposable income.

As far as your other comment about wealth/income inequality, there could be more emphasis on profit-sharing incentives such as offering shares of a company to its workers ranging from McDonalds to Walmart.
.
51   GNL   2024 Jan 3, 5:17pm  

ad says


GNL says


More homeless and closer to a 3rd world shithole? Sounds great.


Need to incentivize and reward work and productivity gains.

Offer tax breaks or credits for housing for the worker class as one way to improve their standard of living and increase disposable income.

As far as your other comment about wealth/income inequality, there could be more emphasis on profit-sharing incentives such as offering shares of a company to its workers ranging from McDonalds to Walmart.
.


I dare say the tax code is a huge contributor to the problem also. You get more of what you incentivize.
52   AD   2024 Jan 3, 5:55pm  

GNL says

I dare say the tax code is a huge contributor to the problem also. You get more of what you incentivize.


The long term capital tax rates is at a maximum of 20%. You would want this to be higher for the rich ? And how much is rich ? At least $450,000 a year in income for a California couple ?

Trump and Bush Jr cut taxes. You want to go back to Clinton tax rates including the business tax rate ?

.
53   GNL   2024 Jan 3, 6:50pm  

@ad, what is a good society to you?

I want everyone to have a living wage job and ZERO welfare except for the indigent.
54   AmericanKulak   2024 Jan 3, 6:56pm  

The prices went up before the minimum wage did. McD's already are down to kiosks, that was happened before COVID and the first one I saw was around poor ass rural Lake Okechobee where there is absolutely no high wage pressure.

Food Stamps are difficult for the working poor. 30 page forms. They wanna know everything to the last penny and documentation for everything; illegals swoop right in, claim no id and no papers, and get the full monty. Which benefits their Tyson and Koch Brothers employers.
55   GNL   2024 Jan 3, 8:00pm  

ad says


GNL says


I dare say the tax code is a huge contributor to the problem also. You get more of what you incentivize.


The long term capital tax rates is at a maximum of 20%. You would want this to be higher for the rich ? And how much is rich ? At least $450,000 a year in income for a California couple ?

Trump and Bush Jr cut taxes. You want to go back to Clinton tax rates including the business tax rate ?


I couldn't care less about the rich...the truly rich. They aren't contributing to America anymore. They're internationalists. This country means nothing to them. Who do you think makes all the laws, rigs elections, opens the borders etc etc?
56   GNL   2024 Jan 3, 9:02pm  

https://allnewspipeline.com/Americas_Demolition_Is_An_All_Government_Operation_And_Full_Blown_Communism.php

"More Americans than ever finally see through this convenient fiction and understand that a single Uniparty acts as a guild of political thespians who are the face of a permanently entrenched national security Deep State that runs the show.

Furthermore, more Americans than ever finally recognize that the United States is not a country that supports free markets but rather a central bank-directed financial cartel that regulates labor, commodities, and transactions so stringently that there is nothing outside of the government’s (or Wall Street’s) economic control. Taxing Americans’ labor, forcing them to use an inflation-driven paper currency, and encumbering their ownership of real property are not policies for encouraging middle class prosperity; they are chains meant to create debt-anchored, government-dependent slaves."
57   UkraineIsTotallyFucked   2024 Jan 4, 4:14pm  

UkraineIsFucked says


Given how Sikhs don't know economics, it is more apparent to me why the street shitters rule over them.




https://www.the-sun.com/tech/6959770/mcdonalds-major-new-store-update-conveyor-belt/
58   GNL   2024 Jan 4, 5:12pm  

UkraineIsFucked says

UkraineIsFucked says



Given how Sikhs don't know economics, it is more apparent to me why the street shitters rule over them.




https://www.the-sun.com/tech/6959770/mcdonalds-major-new-store-update-conveyor-belt/

At the 10 second mark you can see an employee behind the pickup window. So, doesn't seem "totally" automated.
59   SunnyvaleCA   2024 Jan 4, 6:37pm  

GNL says

You're either going to pay the lowest wage earners more or it's going to cost the taxpayers more in social safety net costs.

Higher minimum wage means some people will never get any job, which would also also cost taxpayers more in social safety net costs. Many people just starting out in the job market take a lowest-wage job as a training job and move up the ladder as they gain skills and reputation of capability.

Forcing employees to pay more seems to be putting the burden on employers in certain industries. How about if the government reworks the welfare system such that earning money doesn't reduce benefits in a 1-to-1 ratio. Then, getting a low-paying job still has some benefit to the individual. Seems to me that anyone getting welfare should be working a minimum of 2000 hours a year, which adds up to $15k at current country-wide minimum wage. Over and above the welfare benefits, that's not nothing!
60   UkraineIsTotallyFucked   2024 Jan 4, 7:23pm  

GNL says

You're either going to pay the lowest wage earners more or it's going to cost the taxpayers more in social safety net costs.


Yeah? Businesses shouldn't have to care.
61   AmericanKulak   2024 Jan 4, 7:59pm  

Crotchedy Cheapskate Cons Today: "har, har -- kids being replaced by McD's Kiosks"

Crotchedy Cheapskate Cons in 10 years: "Hey, why is my social security and medicare being cut?!"

Because kiosks don't pay into retirement programs.

Wages are going to go up regardless of minimum wage laws. Demographics, Money Printing, and Debt are all related.

Juan Valdez might mow a lawn, but he can't process medicaid billing paperwork at the Internist's office porque no se mucho ingles.
62   GNL   2024 Jan 4, 8:56pm  

UkraineIsFucked says

GNL says


You're either going to pay the lowest wage earners more or it's going to cost the taxpayers more in social safety net costs.


Yeah? Businesses shouldn't have to care.

I understand, I'm only trying to look farther than my own dick. I'm thinking about society as a whole. Scream muh communism or socialism if you want but, imo, everything is the government's fault since they regulate the shit out of everything. Not only that but they fuck the balance of everything up simply because of neverending access to fiat and picking winners and losers plus tax code bullshit and on and on and on.

I simply prefer that everyone has a living wage job and we reduce welfare to the indigent. If an able bodied person doesn't want a job, they can beg or live in their parents basement.
63   GNL   2024 Jan 4, 8:57pm  

SunnyvaleCA says

Seems to me that anyone getting welfare should be working a minimum of 2000 hours a year, which adds up to $15k at current country-wide minimum wage. Over and above the welfare benefits, that's not nothing!

Seems like a good start.
64   SunnyvaleCA   2024 Jan 4, 9:46pm  

AmericanKulak says

"Hey, why is my social security and medicare being cut?!"

Because kiosks don't pay into retirement programs.

Kiosks don't collect from SS, either.
The problem is that SS is a corrupt pyramid scheme.
65   AmericanKulak   2024 Jan 4, 9:48pm  

SunnyvaleCA says

The problem is that SS is a corrupt pyramid scheme.

Yes, and that it's been expanded to Depressed Addicts and all kinds of shit is was never intended for.
66   AD   2024 Jan 5, 11:46am  

GNL says

ad, what is a good society to you?

I want everyone to have a living wage job and ZERO welfare except for the indigent.



67   GNL   2024 Jan 5, 12:23pm  

ad says

GNL says


ad, what is a good society to you?

I want everyone to have a living wage job and ZERO welfare except for the indigent.





Sarc, correct?
68   WookieMan   2024 Jan 5, 12:31pm  

GNL says

Sarc, correct?

No. It's a pizza party. This is what you give kids to shut them up. The suits are sitting on cash. It's life. Not sarcasm. Those people will be happy with the pizza and move on with their day. It's actually a really good meme/image of how life is run.
69   GNL   2024 Jan 5, 12:39pm  

Then don't ever bitch about minimum wage hikes, welfare, homelessness or even looting/wildings.
70   GNL   2024 Jan 6, 7:21am  

I believe you said you live close(?) to a war zone that has claimed more lives than WW2. Do you think that area will grow or shrink? Maybe more areas like that will pop up over time? This is what I'm most getting to. I want to keep from living in a place that is growing into a 3rd world.

I live in McLean Va. and there is an area that is becoming ghettoey. Pittbulls, trash, few street lights etc. The HS my daughters went to are top 50 schools in the nation.
71   gabbar   2024 Jan 6, 8:57am  

Patrick says

The solution is to eliminate competition from illegal labor in America and to prevent exporting of US jobs.

Uniparty won't support import of legal and illegal labor into the United States of Dollars.
72   gabbar   2024 Jan 6, 8:59am  

ad says

GNL says


ad, what is a good society to you?

I want everyone to have a living wage job and ZERO welfare except for the indigent.





One of the two guys should wear be wearing red suit and the other blue in this picture. They are different sides of the same coin.
74   Patrick   2024 Mar 18, 7:38pm  

https://reason.com/2024/03/16/seattle-law-mandating-higher-delivery-driver-pay-is-a-disaster/


Seattle Law Mandating Higher Delivery Driver Pay Is a Disaster

In 2022, Seattle's City Council passed an ordinance mandating a minimum earnings floor for app-based food delivery drivers in the city. The law finally went into effect in January 2024, but so far the main result has been customers deleting their delivery apps en masse, food orders plummeting, and driver pay cratering.

The ordinance, part of a legislative package called "PayUp," was passed under the banner of protecting gig workers. By setting a compensation floor for app-based delivery drivers based on miles driven and amount of time worked, the ordinance operates as a (supremely complicated) minimum wage.

The wage floor is based on labyrinthine calculations: the "engaged minutes" for drivers are multiplied by a "minimum wage equivalent rate," which is then multiplied again by an "associated cost factor" and then multiplied yet again by an "associated time factor." ...

Heralded as a "first-of-its-kind" legislative breakthrough when it passed, the first two months of the ordinance's operation have provided a grim real-world Economics 101 lesson. First, the delivery companies were forced to add a $5 fee onto delivery orders in the city to cover the sudden labor cost increase. On cue, news stories started popping up of $26 coffees, $32 sandwiches, and $35 Wingstop orders in which taxes and the new fee comprised nearly 30 percent of the total.

Local news station King 5 reported that Seattle residents started deleting their delivery apps from their phones in response to the spiking exorbitant delivery prices. Uber Eats experienced a 30-percent decline in order volume in the city, while DoorDash reported 30,000 fewer orders within just the first two weeks of the ordinance taking effect.

In turn, this decrease in demand directly impacted the pocketbooks of the delivery drivers themselves. A driver who made $931 in a week this time last year saw his earnings drop by half to $464.81 in a comparative week this year. Another reported consistently making $20 an hour prior to the ordinance, only to see his earnings likewise fall by more than half since its enactment.

In other words, while the ordinance theoretically raises driver earnings to over $26 per hour—a number that ironically far exceeds Seattle's $19.97 standard minimum wage—drivers are barely logging any hours as a result of the drastic decrease in demand for food delivery. As one Seattle driver summarized: "It was dead. Demand was dead." A second driver put it more bluntly: "I've got nothin'. I'm not gonna sit here for hours for one frickin' order."
75   GNL   2024 Mar 18, 8:20pm  

Everyone has to eat. The "income" will come from somewhere.
78   GNL   2024 Apr 1, 11:54pm  

Theyʼll just get unemployment or become criminałs. Sounds like a win-win.
79   NuttBoxer   2024 Apr 2, 7:32am  

What will really happen is people at the bottom will be pushed into poverty. Central bank run economies prey on the weakest, and eventually push everyone to the bottom.
80   AD   2024 Apr 2, 11:38am  

.

Likely the poor will qualify for more local and state subsidies. They'll just line up more at the local food bank.

By the way, did you all see the Obama-phone program (Affordable Connectivity Program) is not being funded this year ?
.
81   WookieMan   2024 Apr 2, 11:58am  

Minimum wagę has alway created unemployment. Business owners don't hire people and make due with less. There are people that would gladly work for $5/hr and not live on the streets. Let the market set the rates. You could end homelessness somewhat quickly. If I were a business owner I'm not hiring a deadbeat for $15/hr. I'd take the risk at $5/hr and that could maybe get them in a low rent studio apartment somewhere.

This is basic economics. Learn a skill and you'll get paid more as time goes by. My good buddy is a chef. Yes he was able to afford to do the schooling, but he was paid shit out the gate. He's shown his worth and makes solid money now. He won't be rich, but he likes what he's doing and can have fun when not working. He'd probably be living with his mom if he didn't establish his chef career. Now he's independent. Not homeless.

The barrier of entry into the basic work force is minimum wage. Also age. My oldest would work for $5/hr anywhere. He's taller at 13 than most men. Can figure anything out for the most part in basic first time jobs. Outside of acting, kids really have little opportunity to work. Whether they're skills that are good or not, it's working. Always work smarter not harder, but you have to get through the beginning years. Earlier the better is my take.
82   richwicks   2024 Apr 2, 12:00pm  

WookieMan says

The barrier of entry into the basic work force is minimum wage. Also age. My oldest would work for $5/hr anywhere. He's taller at 13 than most men. Can figure anything out for the most part in basic first time jobs. Outside of acting, kids really have little opportunity to work. Whether they're skills that are good or not, it's working. Always work smarter not harder, but you have to get through the beginning years. Earlier the better is my take.


I agree that entry level jobs are essential. I did them, but it gives you an understanding of what is required to make things work.
83   NuttBoxer   2024 Apr 2, 3:21pm  

AD says

Likely the poor will qualify for more local and state subsidies.


Given Katrina, East Palestine, and Maui, depending on government to save you is a pretty fucked fantasy...
84   WookieMan   2024 Apr 2, 3:38pm  

richwicks says

I agree that entry level jobs are essential. I did them, but it gives you an understanding of what is required to make things work.

Kids for sure should work, just not slave labor like the early 1900's in factories. They need to move the legal age for regular work to 12. Cap the hours for sure. My dad slaved me out for his own projects. That didn't help remotely. I'd work 60 hour/wk in the summers... FML. Finally called him out at 20 after a gall bladder surgery and said I was going to kick his ass. I was on a rage. He backed off. Still always had a fucking opinion though.

I do think at 12 kids should be able to get W-2 jobs. Max it out at 20 hours a week max. They'll learn more about life than sitting in a shitty classroom. Might learn a skill or be a decent human realizing how many shit heads are out there. Win win.
85   richwicks   2024 Apr 2, 3:41pm  

WookieMan says

I do think at 12 kids should be able to get W-2 jobs. Max it out at 20 hours a week max. They'll learn more about life than sitting in a shitty classroom. Might learn a skill or be a decent human realizing how many shit heads are out there. Win win.


I think kids should certainly have the ability to get employment at that age. I mean, honestly, lots of kids DO work at that age but they are working at Mom and Pop stores that their parents own.
86   GNL   2024 Apr 2, 3:44pm  

I do think at 12 kids should be able to get W-2 jobs. Max it out at 20 hours a week max. They'll learn more about life than sitting in a shitty classroom. Might learn a skill or be a decent human realizing how many shit heads are out there. Win win.

Never gonna happen. IMO, we need trade schools big time. I ran into a guy at a business social. He owns a couple of icode franchises. It’s kind of like a Mathnasium franchise. I thought that was kind of cool.
88   WookieMan   2024 May 14, 10:27am  

GNL says

Never gonna happen. IMO, we need trade schools big time.

I have no issue with trade schools. The age thing is what bothers me. They can act in movies and commercials, but not flip some burgers? Two of the people I know and are about to be neighbors with both worked at the burger joint in town at young ages. They're both successful now. My wife worked babysitting at 12 and worked the corner market around the same age. Again, successful.

Wasn't paid, but I was mowing 8 acres at 7 years old. I laid a 200 yard brick driveway by 10. Helped my dad build 4 houses by 12.

I guess I'm saying complete age restrictions on work is bull shit. We're a service industry economy. Kids won't be working in fucking steel mills. My 13 year old looks like a man and is shaving. If he has the drive and wants to flip burgers he should be allowed to. Just went to the place with burger flipping I'm talking about above and he'd look like the manager.

When you squash ones drive they become less motivated. This is undeniable. I lost my drive because my dad used me as slave labor waaaaay too young. I think most states need to move it down to 12 at least and let parents make the decision and the employer can approve or not.

There's also the compounding savings factor. Sure, a 12 year old is going to work a shit job. They make $3-5k/yr. Toss that in a compound interest calculator for those 6-10 years where mom and dad generally pay for stuff. Roughly $50k by sophomore year in college. That's $650k by social security age at 5% interest. That doesn't include your adult earnings at all past 20+.

Fact is my kids are going to need $10M by the time they're done working in 50 years. Why not let a motivated 13 year old work if they want? Just limit hours. 12-14 is the age now where drugs enter the picture. If they're working they're not doing that. We've become too soft.

Sorry for the novel. This subject gets me going.
89   GNL   2024 May 14, 1:04pm  

Nowadays you might get social services called on you if your kid is working a lemonade stand FFS. This country is waaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaay over regulated. We will be conquered through inflation, taxation and regulation. And illegal importation.

« First        Comments 50 - 89 of 89        Search these comments

Please register to comment:

api   best comments   contact   latest images   memes   one year ago   random   suggestions