Are they just trying to inflate the dollar until $15 is worth $7 so that the minimum wage has a chance of working?
And the dollar denominated national debt is worth less?
Or are they just crazy?
All that minimum wages have ever accomplished is to get people laid off and raise prices.
My parents bought the house I grew up in for $17,000 in 1971. Care to guess what it is worth today? About the same as in 1971. Care to guess what its dollar value is today?
Yes, they are intentionally inflating the currency in every way they can. They don't care about the debt, because they can inflate pay it off right now with more fake money. It's all a shell game for the people who create and manipulate the currency, and the purpose of the whole thing is to keep you creating real value and then exchanging that real value for fake money. That is power over you. That is you being a member of the slave class. That is them owning you.
That's what it's all about: them owning you. They don't care about the idiotic machinations that make such ownership easier to manage. People will spend tens of millions of dollars to get elected to Federal office so that they can be a part of the ruling class, rather than being rich slaves.
Here's what you need to know about the push for a higher minimum wage. Many union contracts are based on a scale that works off of minimum wage and require raises as the minimum wage rises.
IT IS A PAYOFF TO UNIONS for backing the Democrats.
one link of many on the subject:
https://www.forbes.com/sites/timwor...ise-in-the-minimum-wage/?sh=7b01effa3ae4
Yes, they are intentionally inflating the currency in every way they can.
I was in Home Depot yesterday. 7/16 OSB is up another $2 to $32/sheet. Last year it was about $7.
What does an increas in minum wage really do? It's a pay raise for union workers who make much more than minimum wage' it puts people out of work as business layoff as labor costs increase, and most importantly it becomes a barrier to entry level job creation preventing teens from entering the work force and gaining work experience.
Phouc that Dem mantra "We need a living wage". That is not what it is all about.
You can make “minimum wage” any number you want, when the dust settles from the gov. Interference, prices will adjust and you will still be the lowest earning bracket. Minimum isn’t a number, it’s an ordinal rank.
Are they just trying to inflate the dollar until $15 is worth $7 so that the minimum wage has a chance of working?
And the dollar denominated national debt is worth less?
Or are they just crazy?
Exactly.
Also an excellent way to keep fixed income and Social Security viable.
We will keep your $512 monthly stipend fully backed.
But we are sorry that $512 is insufficient to put a half a tank of fuel in your vehicle.
The one I have not figured out yet it's 2% home loans. People have financed and refinanced and refinanced again and have locked in on 30-year fixed mortgages at absurdly low interest rates. It just seems completely illogical to me unless the government intends to take over the lending institutions and you have to pay back your mortgage with some type of government issued script or currency other than the dollar that is used in the free Marketplace.
In normal economics if you have a super low interest rate 30-year loan on a $400,000 house and hyperinflation occurs as a direct result of the issuance of unbacked and unearned fiat currency your house will appreciate substantially and you will be a huge winner at the end of 30 years.
There is no way that this can possibly play out... but I have not figured out the endgame yet.
Yeah, I am all for politicians 'righting' to get me the 'minimum'..........................
I'm all for helping people, I often help people................ but I don't take them to raise, and you can't LIVE on my 'help'.....................
The FEDs need to learn and adopt that, IMHO.................
All that minimum wages have ever accomplished is to get people laid off and raise prices.
AND..... buy votes.
My kids' friends dad (and by proxy our friends now) is the COO of a retail store chain frequently found in malls around the country. Every year the minimum wage increases in Colorado, Arkansas, Missouri until it reaches whatever minimum wage they were trying to get. He said every year that costs them an additional $200k in wages. Their solution was they immediately cut 20% of the workforce and reduced their hours from 2 shifts to 1 shift. How's that working out for those high school kids and others that never improved themselves to make more than minimum wage? Best case, they're now working fewer hours. Worst case, sorry, you're part of the 20% that just were cut.
They are crazy, and see my sig line for the rest.
and increasing the minimum wage causes salary compression. Suddenly your worst employees are making more than your best ones. Those in turn demand a raise to keep up with the slackers. Endless cycle of financial disaster for business
Liberals have no clue how the market works. When you increase the minimum wage, you disproportionately hurt unskilled people.
I will not pay someone who has $7/hr skills $15/hr. I'll fire those people and hire people who bring more than $15/hr value to my company and pay them $15/hr.
Dumb liberals.
It's also a big influx of Fed tax,SS,Med etc,,
Once businesses adjust pricing to accomodate the wage we are back to square one.
Liberals have no clue how the market works. When you increase the minimum wage, you disproportionately hurt unskilled people.
I will not pay someone who has $7/hr skills $15/hr. I'll fire those people and hire people who bring more than $15/hr value to my company and pay them $15/hr.
Dumb liberals.
Ditto
When kids in school do not learn about how capitalism works they never understand inflation or anything else that has to do with money. Our schools are more concerned with gender, feelings, fake racism, injustices, woke culture, global warming than they are in teaching reading, math, real history, civics. capitalism, geography and how money works.
So the kids think raising the minimum wage is a great idea. And vote democrap.
My kids' friends dad (and by proxy our friends now) is the COO of a retail store chain frequently found in malls around the country. Every year the minimum wage increases in Colorado, Arkansas, Missouri until it reaches whatever minimum wage they were trying to get. He said every year that costs them an additional $200k in wages. Their solution was they immediately cut 20% of the workforce and reduced their hours from 2 shifts to 1 shift. How's that working out for those high school kids and others that never improved themselves to make more than minimum wage? Best case, they're now working fewer hours. Worst case, sorry, you're part of the 20% that just were cut.
correct ,.at the Big name factory i worked at (you know the company, they got plants all over ,) every time we got a Union contract negotiated raise ,the company would then lay off X- amount of workers to pay for everyone elses raise ,they just put the work from the laid off workers on to other workers ,they even told us they was doing this ,and did it everytime for years ,did not work out for us in the long run . which is exactly what companies would do ,plus growing up in W.Va everytime the union miners got a new contract with a raise ,as soon as contract was signed ,store owners would raise their price to get a cut of that raise ,..negating the raise ,heard lots of miners complain about that growing up, I wonder if bussness will do this also?
My kids' friends dad (and by proxy our friends now) is the COO of a retail store chain frequently found in malls around the country. Every year the minimum wage increases in Colorado, Arkansas, Missouri until it reaches whatever minimum wage they were trying to get. He said every year that costs them an additional $200k in wages. Their solution was they immediately cut 20% of the workforce and reduced their hours from 2 shifts to 1 shift. How's that working out for those high school kids and others that never improved themselves to make more than minimum wage? Best case, they're now working fewer hours. Worst case, sorry, you're part of the 20% that just were cut.
correct ,.at the Big name factory i worked at (you know the company, they got plants all over ,) every time we got a Union contract negotiated raise ,the company would then lay off X- amount of workers to pay for everyone elses raise ,they just put the work from the laid off workers on to other workers ,they even told us they was doing this ,and did it everytime for years ,did not work out for us in the long run . which is exactly what companies would do ,plus growing up in W.Va everytime the union miners got a new contract with a raise ,as soon as contract was signed ,store owners would raise their price to get a cut of that raise ,..negating the raise ,heard lots of miners complain about that growing up, I wonder if bussness will do this also?
And down goes quality as the number of eyes decreases and the time spent on each unit decreases until demand at that price point decreases and the rest of the dominoes start to fall..
My kids' friends dad (and by proxy our friends now) is the COO of a retail store chain frequently found in malls around the country. Every year the minimum wage increases in Colorado, Arkansas, Missouri until it reaches whatever minimum wage they were trying to get. He said every year that costs them an additional $200k in wages. Their solution was they immediately cut 20% of the workforce and reduced their hours from 2 shifts to 1 shift. How's that working out for those high school kids and others that never improved themselves to make more than minimum wage? Best case, they're now working fewer hours. Worst case, sorry, you're part of the 20% that just were cut.
correct ,.at the Big name factory i worked at (you know the company, they got plants all over ,) every time we got a Union contract negotiated raise ,the company would then lay off X- amount of workers to pay for everyone elses raise ,they just put the work from the laid off workers on to other workers ,they even told us they was doing this ,and did it everytime for years ,did not work out for us in the long run . which is exactly what companies would do ,plus growing up in W.Va everytime the union miners got a new contract with a raise ,as soon as contract was signed ,store owners would raise their price to get a cut of that raise ,..negating the raise ,heard lots of miners complain about that growing up, I wonder if bussness will do this also?
And down goes quality as the number of eyes decreases and the time spent on each unit decreases until demand at that price point decreases and the rest of the dominoes start to fall..
& eventually, the "Company" realizes that they are better off (financially) to import their product from some third world $hithole !
This is gonna really hurt families already paying high prices for day care. Hate to see what day care costs will jump too.
My kids' friends dad (and by proxy our friends now) is the COO of a retail store chain frequently found in malls around the country. Every year the minimum wage increases in Colorado, Arkansas, Missouri until it reaches whatever minimum wage they were trying to get. He said every year that costs them an additional $200k in wages. Their solution was they immediately cut 20% of the workforce and reduced their hours from 2 shifts to 1 shift. How's that working out for those high school kids and others that never improved themselves to make more than minimum wage? Best case, they're now working fewer hours. Worst case, sorry, you're part of the 20% that just were cut.
correct ,.at the Big name factory i worked at (you know the company, they got plants all over ,) every time we got a Union contract negotiated raise ,the company would then lay off X- amount of workers to pay for everyone elses raise ,they just put the work from the laid off workers on to other workers ,they even told us they was doing this ,and did it everytime for years ,did not work out for us in the long run . which is exactly what companies would do ,plus growing up in W.Va everytime the union miners got a new contract with a raise ,as soon as contract was signed ,store owners would raise their price to get a cut of that raise ,..negating the raise ,heard lots of miners complain about that growing up, I wonder if bussness will do this also?
And down goes quality as the number of eyes decreases and the time spent on each unit decreases until demand at that price point decreases and the rest of the dominoes start to fall..
your exactly right .thats exactly what happened at my plant.Every one noticed it .and tried to tell manegment ,did no good. it shut down now. they moved it overseas
I have no problem with anyone making $15 an hour or whatever the number is
but it shouldn't be tied to minimum wage.
Control the influx of low skilled workers and you'd see a balance in the work place. Employers would be forced to pay whatever the prevailing wage would be in order to attract employees. Its economics 101, supply and demand. We saw this to some degree during the Trump administration when illegal immigrants were temporarily slowed down. Every place around here pays at least $10 an hour now for part time service industry workers. Pay any less and the quality of worker you get, if you can even find one is going to be unreliable at best, criminal or crazy is the norm.
also if the price of labor was too high, employers would move to automate - the kiosks at McDonalds, the self check out at grocery stores, self serve gas stations, future drone delivery from Amazon.
I really believe in American innovation and our ability to build a better mouse trap. If someone says they can't sell burgers while paying their people $15 an hour, then someone else will figure it out. If there is demand, someone will innovate a solution at the effective price point.
But hiring a damn illegal immigrant to flood the country with cheap labor and exploit American workers is not acceptable.
“ Power Broker” Joe Manchin wants to hold it to $11 and index it to inflation.
All they have to do, if they were really interested, is look at what happened when they passed Obamacare. Millions of retail workers had they hours cut below the threshold for “full time”, and many more either lost their jobs or were converted to contract employees, which meant they had to start paying their own SS.
Pay cuts for everyone!
Those who know nothing about the economy or business maybe shouldn’t be making the rules for either......🤔
yep, my buddy owns several hardware stores and when obama care hit, no one got 40 hours a week any more outside maybe the store manager and finance girl. All other employees went down to at most 29 hours a week to get under the insurance requirement threshold
I can't believe a grocery store bagger will be making 15 an hour. Heck, no one ever offers to take your groceries out any more. Even less likely to now. I was one in highschool, made a ton of money in tips, I always put a few bucks in my pocket in case one actually asks to take my groceries out...because I was once one too, they never do and miss out on easy money. Lazy.
Preaching to the choir here, but just an example from last night-
Was in Wal-Mart last night (hadn't been in nearly 30 years, not since Slummy worked at Johns Manville). Endcap on the shoe aisle had some cheap looking basketball shoe. I picked it up, studied all the sewing that took place to make it. Commented to the wife about all the labor it took to make it, plus materials, plus design and overhead of the designers, plus freight from china, plus freight and other costs in Wal-Marts distribuition, plus the 50% plus profit Walmart makes on it, and they still sell the pair of shoes for $15.
The point being, when the value of your labor is worth substantially less than what is being forced to pay you, the production moves to China.
I wouldn't want to make the argument that in order for Wal-Mart to sell US made shoes in the US for $15 , American workers have to accept a salary of $500 a month , which is about what a Chinese worker makes for shoes.
However, because of the profit that Wal-Mart makes from selling a $15 shoe , it should allow them to pay American workers who unload and stock those shoes the prevailing market wage.
I wouldn't want to make the argument that in order for Wal-Mart to sell US made shoes in the US for $15 , American workers have to accept a salary of $500 a month , which is about what a Chinese worker makes for shoes.
However, because of the profit that Wal-Mart makes from selling a $15 shoe , it should allow them to pay American workers who unload and stock those shoes the prevailing market wage.
I'm not making an argument either way, just saying that a company is going to maximize their profits.If that means producing in China for slave wages, they will. If that means paying minimum wage (which is the artificially inflated prevailing market wage) to stock shoes, they will.
Gotta keep the stock market high.
Gains and growth....gains and growth........dividends.
"They", used to say, what goes up, must come down. It's going to be One HARD fall.
Prime example of what has been said here, re Walmart & China.
Once the fuggin liberal Canadian .gov, instigated the minimum $15/hr "living wage", Walmart started installing self checkout kiosks.
In our small town, Walmart now has 15 self checkouts & only operates about 4 of 20 regular checkouts.
Prime example of what has been said here, re Walmart & China.
Once the fuggin liberal Canadian .gov, instigated the minimum $15/hr "living wage", Walmart started installing self checkout kiosks.
In our small town, Walmart now has 15 self checkouts & only operates about 4 of 20 regular checkouts.
I sort of like them, never ever have to wait in line anymore. Regular checkout lines were the worst. And then when you thought you were getting close....there goes a customer in front of you wanting a price check and more waiting.
Yeah, I don't mind them either.
Still have to wait for ours, though !
But, my point was, they now employ only 25% of the checkout staff, that they used to, due holey to the $15/hr minimum wage.