>Raising minimum wage will raise unemployment!!! Socialism!!!

>>1484079
If he can no longer afford 6 employees the company will close.

>>1484079
Money is finite. If a company has 100,000 minimum wage employees at 10 per hour (8 million per work day) but they're generating 10 million of value, the company employs them. If the same company needs to pay 15 per hour it is no longer profitable to employ them, plus anyone making between 10-15 per hour wants a raise now too. The business adjusts with layoffs and automation or it fails.

>>1484100
so basically let the government pick up the tab for the other 5 dollars aka socialism.

because thats what goes on in the USA.

raising the minimum wage will raise the standards of living for everyone once everything settles down.

Also the government could spend less on welfare and put that money to use in creating jobs through saving your infrastructure which is completely rooted at this point in time.

>>1484116
>Raising the minimum wage will increase the standard of living.

No, people in cities won't benefit from the income increase. Cost of living depending on where you live impacts the effectiveness of increased wages.

>Gov. could spend less on welfare

The government has a fixed amount of it's budget dedicated to welfare, the spending won't decrease. This also ignores the massive amounts of Americans who are using disability benefits.

>Creating jobs through saving infrastructure

Why does the gov. need to raise min. wage to accomplish this.

>>1484079
This is untrue. At the grocery store I worked at, they decided to do away with box people and instead hired a couple more stock clerks to both stock the shelves and help out at the front end.

So basically they innovated into making fewer people do twice the work. Thanks you entitled wagecucks.

>>1484116
>raise the standards of living.

No. If bread costs $3 a loaf at $10 an hour, it will go up to $4.50 or more at $15 an hour.

If people make more, they can spend more.

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>>1484079
>we can live without a cleaner, each employer will clean after himself
>we can live without a full time electrician, someone else will change that lightbulb
>we can live without person a, person b can cover for him although he will achieve only the bare essentials
>we can live without a guard, just hope nothing bad happens
>we can live without Mr Shekelstein, i will take over economics although i don't know much about it, how hard can it be, hehe
>we can live without...

Yeah, i wonder how one could cut back jobs...

>>1484270
that would be erroneous even if 100% of the population saw a 50% raise. Were talking about the 4% of people who earn minimum wage here. The difference would be negligible

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Labor Unions:
> Pay our arbitrarily high labor prices, our unsustainable pension funds, and our union benefits or else WE SILL STRIKE!!!

Jeff Bezos:
> LLLLLOOLOLOLOLOLOLOOLOLLOLOLOLOOLOLOLOLOLOLOLLOLOLOLOLOOLOLLOOLOLLOLOLO

:middlefinger:

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>>1484641

Can't wait until the day American fast casual restaurants adopt payment machines instead of illiterate, self entitled, snotty ass niggers who will spit in your food.

>>1484646
yeah, I remember when the self-checkout lanes opened up in retail stores and put all the human cashiers out of work.

>>1484651

yes, these are the exact same use cases.

Automation will never replace the highly skilled, highly trained cashiers.

It's not like japan has been doing this for decades.

I'm sure you'll be able to cling to your McDonalds cashier job for another 20 years.

>>1484651

Well...not yet. But those areas are expanding. not getting smaller. So you can imagine.

>>1484646
Just FYI McDonalds is not considered "fast casual".

>>1484655
I'm saying there's a reason we still have cashiers even though self-checkout was invented over a decade ago.

and that reason isn't because they're highly skilled.

>>1484079
They could have been doing a task that is no longer cost effective to be doing at a higher minimum wage. Also you're assuming labor markets are perfect.

You must be 12 and never have worked.

stop making threads about this

>>1484655
I remember when the cotton gin came along and ruined the american economy

>>1484079
The real answer is raising minimum wage AND lowering immigration/job outsourcing/welfare

But the types of Bernouts wanting increased minimum wage also don't realize that means large businesses will just outsource and small ones won't hire as much.

>>1484634
>everyone will benefit
>prices wont increase
>only 4% of the population will see the increase
>businesses won't be hurt

wew lad, shit why haven't we done this earlier?

>>1484679
in the US at least there's a number of jobs americans simply won't apply for.

most would rather panhandle than scrub toilets or work construction or harvest crops.

>>1484683
a lot of people would do those jobs, just not at the wage level they are being offered

>>1484690
two of those three pay considerably more than minimum wage. One of them averages near $15/hour and the other averages well above that.

so raising minimum wage won't necessarily entice americans to do that work, it already pays that much or more.

>>1484681
We have. Minimum wage increased drastically in the fifties and the only group ill affected were teenagers
>only 4%
Ya thats the amount of people living on min wage now. You faggots act like prices will double but the difference to mass consumer markets would be negligible

>>1484683
>rather panhandle than work
Thats a very small percentage of lazy shitters. Leave your moms basement and youll see the homeless problem is a lot more complex than
>lazy bums need to work
Most have mental illnesses or crippling addictions and have no support systems in place to make progress even for those who are able and willing. But thats a different issue than giving a small bump to minimum wage

>>1484674
>I remember when the cotton gin came along and ruined the american economy

That's my point. Automation has been happening since the dawn of man.

Unskilled labor trying to artificially inflate their wages so they can cling to age old inefficient processes are bound to be replaced.

$15 minimum wage just makes this transition to automation much, much faster than those lazy mcdonalds fucks expected, which is why they're now crying louder and more frequently in the news

>>1484841
If thats your point youre the dumbest person in this thread

>>1484683
>>1484693
>scrub toilets or work construction or harvest crops
You buy into too much propaganda.
If they were willing to train construction workers there'd be plenty.
And people already harvest crops and scrub toilets, you get more by raising the pay for it.

>>1484634
But the industry that supplies food (grocery stores, farms, and manufacturing facilities) would have to hike their wages for the majority of their employees. Plus, their "higher end" employees (ones that already make about $20 an hour) will demand a relative increase. This isnt theoretical, my cousin works in a unionized massive chain grocery store and this is actually going to cause a strike.

Sure, most of the population doesnt make minimum wage, but where we buy food and other consumer goods mostly PAY minimum wage. So they'll either have to lay people off or pass the cost of sales off to the consumer.

>>1485565
>for the majority of their employees
less than 20% of them make minimum wage
>my cousin in the stockboy union will shutdown the stores nationwide
lol

Dude face it a small bump for 1.5 million workers isnt going to cost the mass consumer any more money. Even if that fantasy grocery store your cousin worked at shut down theyd just build a walmart over it

>>1484079
Look at Seattle. Companies either leave or cut back as much as possible. Kids are both cashier and fry cook at McDonalds

>>1486211
ya seattles economy is growing dumbass