"minimum wage is bad meme"

>>135677904
I dunno, what's wrong with a $150 minimum wage?

>>135677904
The 1 percent will keep their money regardless of what you put on minimum wage because they have a giant influence on the government. Anything that happens will strain the middle class.

>>135678100
$15 for a loaf of bread

>>135677904
literally killing off small businesses cause they can't support higher minimum wage, and big businesses will just fire you and automate

who fucking cares about some poorfags lmao

It's basic econ 101 that the minimum wage is a price floor and at a certain point it'll create unemployment.

That said I dont really care, hike it as high as possible so all the shit jobs out there are taken by robots.

>>135678100

I dunno, what's wrong with a $1,500 minimum wage?

>>135677904
Because raising the minimum wage will cause inflation. Because of this inflation, everything will cost more. Because everything costs more, getting paid $15 an hour is now the same or worse than getting paid $8 an hour before the minimum wage was raised. Amount of dollars != buying power.

File: 1494002013592.jpg (145KB, 1280x720px) Image search: [Google]

145KB, 1280x720px

>>135677904
>doesn't understand economics
>leaf

>>135677904
Implying it's a good thing 82% of non teenagers, and an unlisted statistic of those beyond the college age (22-24) are working minimum wage jobs.

>>135677904
SOMEBODY HAS TO PAY FOR IT. EVEN IF IT'S PRINTED OUT OF THIN AIR, THE COST OF EVERYTHING GOES UP SO YOU ARE BACK WHERE YOU STARTED.

HOW FUCKING HARD IS THIS TO UNDERSTAND?

>>135677904
I don't mind the concept of the minimum wage as much as the fact that the same people pushing it also want millions of illegals who would drive wages into the ground, especially minimum wage tier work.

Seriously, pick one.

>>135677904
>What's wrong with a $15 minimum wage?
Those greedy yacht owners don't suddenly become not greedy when the minimum wage is raised. Hours will be cut, people will be laid off, and prices will be raised for the rest of us.

Raising minimum wage is only useful increasing unemployment.

Why not just give a ubi?
If it's done right it:
>cuts poverty
>gets people out of hud housing
>gets rid of wale fare, food stamps and ssi.

>>135678100
Thats way too low $500/per halfhour

They dont cut executives wages they oass costs onto the consumer which leads to inflation. So you get your higher wage but everything now costs more and you're no better off than before.

>>135678456
What's wrong with a $1,500,000 minimum wage? If we make everyone millionaires then they'll be able to buy whatever they want! That sounds like paradise to me.

>>135677904
Because your job will go to Mexico and China.Western countries keep wages low to keep jobs.

>>135679410
Fuck it. Make it $2k an hour and I'll only have to work one hour a week. That works for me because I'm a retarded millennial!

>>135678231
Bullshit meme. Having a $15 minimum wage would have a minor effect on prices.

I'll pay $1 more for my big Mac meal if that gets the guy making it off food stamps and to the doctor when he's sick.

>>135677904
>Why should the 1 percent keep earning more money for their next yacht meanwhile families are struggling to survive working daily because they get paid so little.
because those families are worthless retards without applicable skills. next.

Joke: there should be no minimum wage, fuck those people, get skills and etc. I just want to stuff my fat fucking face with soyburger zog food for as cheap as possible.

Woke: Some areas with more vulnerable economies can't sustain legislation that enforces a minimum wage to be so high, but states who want to attempt the process should be allowed to do so. Also fast food is cancer.

>>135678456
Why not $15,000 an hour?

We Zimbabwe nao.

File: leopard seal.jpg (79KB, 471x455px) Image search: [Google]

79KB, 471x455px

>>135678100
This is where the thread actually ended, everyone who posted after this wasted their time.

>>135678347
Everyone who posted without a sage after THIS should be fucking executed, because this is the absolute end of the discussion. Price Floors degrade allocative efficiency, PERIOD. There has never been a single case in the entire history of econ in which this hasn't been true, and do not bring price elasticity into this, when you adjust for subsidies it remains true.

Higher Min Wage means lowered demand for labor. Period. Zero argument possible. We are not in a wage crisis we are in a CoL and Employment crisis. Do not even open your mouth if you don't understand this because you shouldn't be talking.

Wow. No one posting here knows fuckall about economics.

u idiots realize if a business pays more for labor they charge more for a product a simple big mack would cost u about $12-$14

>>135677904
>meanwhile families are struggling to survive working daily because they get paid so little.

This is why lefty cucks are laughed to their face and spite for supporting a pseudo socialist con artist.

Is not what you are paid but what you can obtain with such wage that matters you idiot, look the Rhodesian example, those Niggers walk with wheel barrels worth of useless cash to buy a loaf of mud cookies.

The problem in America is again the housing bubble market cuss Obama allowed all the Fucking gooks to buy half of California and the whole of Canada

>>135677904
It causes blowback thats detrimental to the economy/markets
Hope you enjoy paying 20 dollars for a cup of coffee

maybe whores should stop opening their legs? hows that for a solution? food and money doesnt grow on trees

>>135678100

</thread>

You guys post basic republican talking points and of course these are reasonable arguments, but if we look at these things realistically, a 10$ or 10€ minimum wage would not have that big of an impact on inflation but it would be raise the standard of living of some of the poor people we have and I am not talking about non-whites but for example college graduates who graduate with meme degrees.
What's wrong with helping them out a bit?

>>135677904
>Old roasties past their prime
No way do I voluntarily subsidize their existence and decisions

>>135679465
You can't tell these non abstract, low IQ idiots nothing
They have absolutely no foresight

>>135680435
>What's wrong with helping them out a bit?
Maybe they should not have wasted four years and 100k getting a meme degree

>>135677904
I'd rather see a 20 million dollar *pay* ceiling than a raised minimum wage.

>>135680639
>They have absolutely no foresight
(((they))) want to create inflation so they can continue giving out shitty loans

File: 5864841.jpg (10KB, 234x250px) Image search: [Google]

10KB, 234x250px

Do you retards really think it's as simple as "lmao inflation dude xD" ?

Do you think progressive politicians like Bernie Sanders just haven't thought about that?

You've been conditioned by the Jews to believe that the poor are just fucked and there's no way to help them.

>>135680773
This is easy to say if you are not affected but do you have no empathy towards people of your race that made a mistake when they were 18?
They didn't blow it on coke, they went out and got an education as they have been told to do by everyone they knew.
Do you want them to literally never get out of poverty because of this?

>>135680927
This tbqh.

Saying this as an unrionic fascist.

>>135677904
Why don't you try that in the Great White North you leaf? A case study?

>>135681075
>Do you want them to literally never get out of poverty because of this?
Not really my problem

>>135680927
>>135681111

>Do you think progressive politicians like Bernie Sanders just haven't thought about that?
they want inflation
see >>135680914

>>135680927
Or you know it's actual reality you Communist

https://www.google.com/amp/s/www.washingtonpost.com/amphtml/news/wonk/wp/2017/06/26/new-study-casts-doubt-on-whether-a-15-minimum-wage-really-helps-workers/

File: 1486683704488.jpg (49KB, 480x480px) Image search: [Google]

49KB, 480x480px

>>135677904

>double minimum wage
>jobs get cut in half

we did it reddit

File: 1487280460176.png (118KB, 640x656px) Image search: [Google]

118KB, 640x656px

>>135677904

>>135678304
this

File: 1482424446395.png (4KB, 224x225px) Image search: [Google]

4KB, 224x225px

>>135677904
At least this time you're trying

File: IMG_1558.png (249KB, 750x1334px) Image search: [Google]

249KB, 750x1334px

>>135681384
Haha

>>135681187
They really did a number on you. The only two options they offer is "money for dem programs" or "fuck everyone other than me"

>>135681709
>"fuck everyone other than me"
How about fuck every liberal idiot that thinks actions should not have consequences

>>135680914
I never thought of it like that
Good point

>>135681709
Burger fiscal policy is a schism between to mass-normalized antisocial disorders desu.

>>135677904
It's very, very, VERY basic economics. If you increase the minimum wage, more people will be forced out of work.

>>135678100
Per day not bad.

>>135678231
Less fat people. Win win

>>135681993
>antisocial
I am sorry I dont give a shit about some random faggot I have no connection to

File: 1229_news_crash_ad-1-of-1-696x464.jpg (97KB, 696x464px) Image search: [Google]

97KB, 696x464px

>>135680914
>>135680927
If companies do not pay a living wage, we, the taxpayers, make up the difference in the form of food stamps, school lunches, subsidized rents, etc. So we are subsidizing those companies, allowing them to pay lower wages.

>>135681709
>>135681993
Burger fiscal policy is a schism between *two mass-normalized antisocial disorders desu.

Forgot my w, damn it.

>>135679898
>$1 more
Holy o fuck you're gonna be paying a lot more than a dollar more there fuckboy. Especially since it ain't just that greasy dude who licks your bun that's getting a raise.

Every bumblefuck down the line will be making more than they're worth and the costs are gonna skyrocket.

File: nerger.png (165KB, 900x450px) Image search: [Google]

165KB, 900x450px

>>135677904
Minimum wage is failed because companies are free to pass on the costs to the consumer and since labor is always the costliest variable cost within economics companies will refuse to hire more variable inputs unless the prices theyre able to sell at justify the increase to manpower so that marginal cost is less or equal to marginal revenue. Anyway you're a faggot OP and you need to shoot yourself.

>>SAGE

>>135678456
Nothing, bi-monthly that is very livable.

>>135682187
How about we stop these programs and just let prices come down

>>135682163
Exactly. It's fucking antisocial. The forced pluralism created this way of thinking for the conservative political elements. There is no social trust or sense of community now. It's so zog tier and fucked apart.

>>135677904
>60% are women
Are they seriously telling us that women need even MORE money? The government doesn't already throw enough at women?

>>135678100
/thread

>>135682388
>There is no social trust or sense of community now.
I can take care of my community without the government

>>135681372
You're right.

Let's LOWER the minimum wage to $3. But why stop there?

The lower the minimum wage, the better the economy does, right?

>>135678641
When cost of doing business goes down prices don't drop. Margins for corporations increase. There isn't an exact action reaction to the market. If you understood economics you would realize that. Most small government types think day one economics class is all there is. Behavior and markets are far more complex than supply and demand.

>60% are women
Ah yes, this is reason to do something. If 60% were men, the attitude would be "Fuck them, they can die in a sewer." But because it's women, the government must intrude even more into the economy to force more subsidies for women.

>>135678813
That is not how economics works you moron. Fucking read a book.

>>135682563
>Let's LOWER the minimum wage to $3
How about we just get rid of it?

>>135682667
>When cost of doing business goes down prices don't drop. Margins for corporations increase
Only ever true if there's no competition

>>135679208
Why isnt the minimum wage $0.01per hour?

>>135682561
I used to think that way as well. But now Idk man. I don't trust central planning or constant meddling, but I see the usefulness of regulations and protections. I feel as though in some areas, a $15 dollar minimum wage is a viable option, and that states should be allowed to choose.

File: TANDY5000.jpg (81KB, 360x437px) Image search: [Google]

81KB, 360x437px

>>135682667
>When cost of doing business goes down prices don't drop. Margins for corporations increase.
I think its time to go back to rebbit buddy

File: 1500076692556.jpg (231KB, 927x1200px) Image search: [Google]

231KB, 927x1200px

>>135677904
>Hating on the 1%
Antisemite. Reported to the ADL for hate speech.

>1 post by this ID

>>135679410
The minimum wage is often adjusted to reflect living conditions. When I started working it was $4.75 per hour. Now it is more.

>>135683017
Groups like the Amish can take care of their poor without the government
Why cant everyone else?

File: minwage.jpg (91KB, 700x700px) Image search: [Google]

91KB, 700x700px

Sage this gay shit.

Companies can't afford as many employE's

File: Screenshot_20170731-143924.jpg (228KB, 1067x1092px) Image search: [Google]

228KB, 1067x1092px

>>135679576
You all assume that minimum wage causes inflation in your tiny minds there should be a congruence between wages and the cost of a loaf of bread. The fact is there isnt.

>>135679633
Better to be a slave and starve than to let poor people have work and eat right?

>>135683659
The price of bread is going up because food stamps

>>135677904
tremendous rippling effects of raising minimum wage. it will cause prices of virtually all goods and services to go up. It won't seem like much on an item-by-item basis, $0.18 more for your bread, $0.11 more for your milk, $0.09 for your hamburger, etc. but over the course of a week, month, year it will add up substantially to negate most of the wage increase you received.

It also destabilizes other higher-wage blue collar industries, factory jobs, construction labor jobs, that kind of stuff. Why? because those sorts of jobs typically pay in the $15-20 range right now. If you suddenly tell those guys that the kid at McDonald's is making $15, why would anyone want to work in a dark, smelly factory gutting chickens for $16.50 instead of just taking that McDonalds job? They wouldn't, it's only lucrative now because the differential between minimum wage and what those factories offer is enough incentive to do more demeaning/difficult work. So what happens? Either all of those blue collar jobs raise wages as well (above what they currently are) to stay in line with the increase in minimum wage, or those industries will suddenly find they can't fill positions as easily resulting in industry downturns.

It's all connected man, but the bottom line is that minimum wage is objectively bad. There should be no minimum wage at all, it should be market driven, if an industry can offer $3/hour and actually find people to work for that, then it means there's demand in that industry to work for that price. If no one would work for $3/hour then it would creep up, 4, 5, 8, 10, until they could find takers. Simple as that.

>>135679644
As automation increased the work week shortened. As machines did more work the 8 hour work day was born. This trend was supposed to continue. Alas humans are greedy. The economy could support a 4 day work week. Many economies support 10 weeks of paid vacation for every citizen.

>>135679357
why not just do communism I
if it's done right it should also work out great, right

>>135679904
Unskilled workers are neccesary. If people stopped washing toilets you would notice.

>>135677904
>Women
>workers
kek

>>135684114
>The economy could support a 4 day work week.
nothing is stopping you from working part time

>>135683245
I think that without intervention and some form of prosperity, groups like black people will just create more children they can't care for, most of whom won't grow up to be able to adjust to the changing economy. Meaning that when they have a sense of prosperity, they are more genetically hygenic, out of a sense of greed maybe but at least out of some kind of sense at all. Despair and poverty only make them want to have more children it seems, which isn't like most Europeans or East Asian peoples, who invest a lot in their children's future and only have lots of children when they have plenty of resources. They don't practice the same robust social models as Caucasian people like the Amish, and never have. Some call this r/ selection. I don't know what it is, but I know that it has fucking destroyed entire American cities, and it's in the process of turning others to shit. I think it certainly is genetic strategy though, and that this is mostly a constant and for the foreseeable future unchangeable.

>>135679955
Silly silly argument. Why not live in the conditions I'm Mexico or China? Why not pay people 50 cents an hour and let them shit in the streets? Or we could have a higher standard of living and reduce poverty.

>>135682667
If a company can make the same product for less than the competition, they can lower prices and get more people to buy it, therefor making more money.

Raising the minimum wage is the abolute shittiest thing to do, and it primarily makes things worse for those people working for minimum wage. In BC when they raised minimum wage almost immediately our hours got slashed. The company pays the same 30% of income on labor, not 36% as one might expect from increasing minimum wage by 20%

>>135682187
>implying people should be given these things
>by the government none the less.

>>135678272

^ This

>>135677904
hyper inflation among the restruant your working at, burgers bad ass but im not paying fucking 9 dollars for good shit. Put it back at 10 or 11 then people will buy fast food again

File: C4OnYg-DAAIMfvW.jpg (123KB, 844x1199px) Image search: [Google]

123KB, 844x1199px

>>135683245
>>135684508
On top of that, there isn't a lot else that can be practically done for entry-level and low skilled employment. People at that stage of their lives simply don't have the ability to overcome it, and they face the realities of a market that is set against them due to the merging of corporate interests with the state.

>>135682563
See
>>135682819


You can get paid what your job is worth.

>I wonder how people ever got paid before a minimum wage existed
>everyone was a slave!

You people are retarded.

Fookin idiots

>listen kids money is fungable. Which means that if you raise the minimum wage you create purchasing power parity with the lower middle class.

Aka your not making the rich poorer your making yourself poorer.

Basically you've taken entire segments of the economy and made them as economically worthwhile as burger flipping.

So why do the difficult job rather than flip burgers?

See the problem?

>>135684968
>t. average Ben Shapiro fan

>>135677904
>and reduce inequality
>implying that's a good thing

>>135682667
If no one is buying something at Walmart it goes on sale. I.e.) demand is down, so Price goes down. FYI : Walmart is a corporation.

Are you seriously this dumb, or trolling?

>>135684882
>things with massive government spending have had massive inflation
really makes you think

>>135677904
anon... minimum wage is $8, X company has $20,000 to spend on employees to make minimal profit- minimum wage shoots up to $15, X company still only has $20,000 to spend on employees- WHAT HAPPENS NEXT
mass layoffs and one person doing more work. they went from 2500 employees to 1333 employees, how's that for feeding families- amirite?

>>135680435
It would help those of them that still had jobs, and hurt those who were fired (or not hired in the first place) because the company can't justify their wages.

Real question: is it better to pay one worker $100/hour, two workers $50/hour, four workers $25/hour, eight workers $12.50/hour, or sixteen workers $6.25/hour? Or, shit, why not a hundred workers at $1/hour?

>>135677904

if a billion dollar company has to pay hundreds of millions more, how will a mom and pop pay for it?

>>135685308
Yeah, that was a point I made. But also, the other critical point which actually pertains to this thread is that poor and lower middle class people have to face the realities of those market conditions, and it's a yuge fucking uphill climb.

>>135677904
ALSO what if a job is not worth paying $15 an hour for? that job will then be assigned to an already employed person, atop their other jobs. if the Business in question could've payed $8 for that same service, but cannot justify $15, you just took money away from someone willing to do that job for $8

>>135682213
There is absolutely no evidence to support your assertion. Min wage in Australia is $25 per hour.

>>135683659
Doesn't this show inflation DOES exist?

More money buys less goods = inflation

So in 1970 the buying power of $2 was 10$, in 2015 the buying power of $7 is 7$ (roughly) i.e. Inflation. Inflation is typically used as a broad term for less buying power.

I blame getting off the gold standard my self. Not sure minimum wage causes inflation. Just people getting fired.

Less buying power is all the free government money given out..

>>135677904
>>135685425
and let's say the company wants to keep 2500 employees and spend more than $20,000 on employing them, guess what will happen to the price of the commodity you are purchasing- it is what will cover this difference

>>135684882
>let's in millions of illegals
>well we really can't do anything about the native borns who compete for those jobs
>we should raise minimum wage, that'll help them.

Sound logic

File: 1501002541898.jpg (141KB, 800x345px) Image search: [Google]

141KB, 800x345px

>>135685498
Neither are going to pay it. Big companies will fire all the shitters who suck at their job, (like a good 1/3rd of min wage employees) and replace more with machines and overwork the few people left.

Small companies get cucked.

>>135685359
this is exactly right, what happens obviously is that company that has $20,000 has to raise the price of whatever goods/services they sell to compensate, so they increase the price by a percentage equal to the wage increase so that they have the same amount of money to pay their employees.

Technically they could raise the price less than the percentage of the wage increase if they chose to maintain the same profit margin (only raise to increase enough to cover expenses) but then the profit margin becomes narrower in relation to their expenses and that means their risk goes up. One bad quarter and they might be bankrupt for example (when previously they could have survived multiple bad quarters)

>>135686212
I didn't want to let any of those people in, nor do I want them to stay anon.

>>135686383
do these idiots think that since minimum wage went up the government starts paying business owners more too??? i just can't understand the logic process

>>135685646
All businesses can justify it if they simply took pay cuts. But ceos and higher ups don't wanna take pay cuts, they need their 4 yacht and 3 summer beach houses, not just one.

It's wealth disparity and it'll never be fixed because of greed. And that's just how the jews want it.

>>135685359
Or they raise their prices and everybody gets fucked.

>>135686854
anything besides vomit pouring from your being?

Most businesses would be unable to afford their employees during slow business days..


If business tax wasn't so high we would have seen a 25 dollar minimum wage. Blame people like Deborah wasserman Schultz and the kikes trying to tax every entrpenuer to death to line up their pockets through assorted political z schemes

>>135686988
atlas what??? tripped? slipped? fucked up?
oh well -shrug-

>>135687095
You have to go back

>>135687396
your point is clearly illustrated in the book, but you're right i went faggy on the details

>>135677904
The higher the minimum wage, the more everything else costs... Take a look at straya for example... $21 min wage, a 200g bag of m&m's costs $5! A foot long meatball sub can cost between $8-11! ($11 being at airports). Shit doesn't become "more easy" just because min wage is higher, in fact it decreases the amount of people employed due to buissinesses not being able to afford to keep people on.

because inflation you brainlet

>>135677904
It's a good way to raise taxes we need to bring back the 90% income tax and raise the minimum to 15$.

>>135686988
You think if business tax was lower and they had more money, they would increase wages out of the kindness of their heart?

>>135678100
Manager of a McDonalds here making 12.95.

I think minimum wage should be raised to 10.50/11 for adults over 18.

Current wage, 7.25 for those 16/17
and for those 15 and under 5 an hour.

All of thse can change based off of availability and what tehy are available.

Also loosen the fucking underage worker laws.

>>135683659
Yeah, increasing wages forcing the price of wonderbread too high certainly didn't cause Hostess to file for bankruptcy. Oh wait, that's exactly why they had to file for bankruptcy.

>>135677904
Cause its mostly small business that employ people on low wages. Big corpos will absorb the cost then offlay it using a larger means of production. Its non competitive and punishing to new enterprise. You leftist fuck.

>>135688335
explain henry ford then

File: 1499276157138.jpg (101KB, 1046x496px) Image search: [Google]

101KB, 1046x496px

>>135688201
only if we open up all the tax loopholes that have been closed since then

>>135685798
A videogame that's $60 everywhere else costs $90 in Australia, sometimes more. Go chase a boomerang you turdlog

>>135679357
ubi is only viable when automation becomes the standard and most humans lose their jobs

>>135689329
well yeah- they get paid more, so why shouldn't they spend more?! yay inflation

>>135677904
Reminder: The minimum-wage concept was conceived on racialist grounds. Non-Anglo/Germans were viewed as being the most productive workers, but racial inferiors like Slavs would immigrate to the US, under-live the Anglo, and pump out children, thus leading to race suicide, as the Anglo would in response to low wages have fewer children. Unemployables could then be sterilized at a later time. This idea that the minimum wage is bad is probably a Jewish trick to bring in more migrant workers, which is unsurprising since Libertarianism is a giant Jewish trick.

File: 1487920101618.gif (222KB, 250x250px) Image search: [Google]

222KB, 250x250px

>>135679576
>>135678100
>What's wrong with a $1,500,000 minimum wage?

What's wrong with a $1,500,000,000,000,000,000 minimum wage?

WE WOKE NOW

>>135689227
>$2.8 minimal wage
>video game still $60
Lower minimal wage sure makes everything cheaper!

>>135688815
No they can pay the taxes just cap
the 90% bracket to end at 5 billion dollars. But we should lower the corporate tax rate from 38% to 20%-15% (which is the more important tax anyway). What would be the point of taxing them if we give them a fuck ton of loop holes.

>>135677904
if you are in your 20s making minimum wage you are a failure and deserve these seeds you have sewn

>>135689790
there's correlation between the location of the minimum wage you're talking about versus the manufacturing location of the product.

If you're living in Alberta, Canada and the minimum wage goes up or down, it doesn't have much impact on the price of cars being manufactured in Japan. It would instead impact local goods and services, the price of local food for example is one of the most likely thing to be impacted.

>>135689227
>they get paid 150% more
>prices go up 50%
>this is a bad thing

YAAAAAAASSSS GOY

>>135689676
$6 GORILLIAN

ONE FOR EACH JEW

>>135684605
>>135682324

regardless of the validity of your argument, these things aren't going away any time soon, and we're all gonna pay the price of this shit one way or another. Who do we want the burden on? People or companies?

>>135690310
>sewn

Fucking leafs I swear to God.

>>135690310
What's wrong with someone earning the minimum wage? Someone has to do the shitty jobs, I'd rather have a white person doing it and being able to afford to reproduce than it being done by fucking Paco earning less money and still manging to pump out 8 Pacquitos.

File: main-qimg-3e33593e3b2f47686f5f831952458eda.png (73KB, 602x375px) Image search: [Google]

73KB, 602x375px

>>135677904
the higher the minimum wage is the higher unemployment will be. this goes double at the moment because once unemployment is bumped to $15 it becomes a lot more economically viable to replace cashiers and shit with robots

>>135690360
I'm well aware. I'm mostly responding to the US vs AUS comparison.

Though food prices are among the highest here too. Locally made or not. Even imports from Germany and France are cheaper somehow.

>>135691126
The less you pay people, the more people you can hire. Amazing. Why don't we just work for pennies? Everyone will have a job!

>>135678813
Why not peg it to inflation?

>>135679116
This.

>>135682163
You really want random hobos shitting in the streets and knifing people?

>>135685359
False. If minimum wage rises to $15 then consumers have more to spend on nonessentials and profit will rise therefore allowing them to pay more to their workers.

>>135686828
You're retarded. Higher minimum wage means the poor can buy more hamburgers.

>>135677904
Because the yacht company employs people to build the yacht. Which uses metal from people who supply it. Which uses transport through companies who own trucks.

>>135679898
Food stamps are the reason why he has a job. The federal government is indirectly subsidizing McDonalds and Walmart employees, and if he makes <4x the poverty line, the ACA is doing the same.

>>135691462
that's called sharing the wealth, i thought you commies wanted that?

>>135691126
The economy collapsed in 08 because of the housing crash. That's why unemployment was 9% not because of a 7.25 minimum wage.

File: Image77.gif (19KB, 1271x869px) Image search: [Google]

19KB, 1271x869px

>>135691462
you're supposed to set the minimum wage to the equillibrium of the wage rate and the quantity of workers. has no one here ever taken a fucking economics class?

File: LeftistMinimumWageDelusion.jpg (120KB, 500x500px) Image search: [Google]

120KB, 500x500px

>>135677904
>I literally don't understand jack fucking shit about economics.

>>135690553
Yes you fucking retard. Those minimum wage jobs are not supposed to be permanent.

>yes goy

Kikes shill for minimum wage increases you dumb civic nat cuck. Take off your shitty Sargoy flag.

>>135691528
And the price of nonessentials increase because chances are most day to day companies have workers at the minimum position handing menial tasks. So you've cycled into yourself.

What also differentiates a person who is currently making 15 dollars an hour from somebody who is making the current minimum standard? Are they supposed to be content that the man two positions below him now makes his salary despite working less? He'll demand a pay increase or he'll quit.

File: download.jpg (6KB, 275x183px) Image search: [Google]

6KB, 275x183px

>>135679898
LOL you think 15 dollar minimum wage will get them off welfare?

bc right now i earn 4x the wage of burger flipping brainlet and if it were to raise to 15$, id only be twice as superior as a burger flipping brainlet and thats not good enough!

>>135691775
Look up the assumptions supply and demand explanations make. Literal fairyland.

>>135691462
Because people don't take jobs for pennies you dumb shit. Human beings have they ability to make their own decisions. You also think we don't live in a culture that would shame that business into oblivion? You think the best employees would settle for that? A competitor would offer better wages and attract better employees, producing better goods people would buy at a higher price because of higher quality.

minimum wage is such a shit meme. none of the nordic countries have it or Switzerland

niggers and spics shouldn't be paid $15 to flip burger.
I can't wait for robots to take all the jobs from these poor fucks. Get a real job.

>>135677904
Why would you start a family or move away from home if you're only earning minimum wage?

>>135684557
People used to be paid 50 cents an hour in the 40s, and they lived better than in those shitholes you mentioned.
Or you know, the problem Isn't the minimum wage after all, it's just the fed corroding the value of our money as per usual

>>135692531
We don't teach people how to use condoms or to get IUDs.

>>135692468
They also have heavy union involvement in industry, so the wages one can expect to earn in entry-level jobs is quite high. This also keeps migrants out of the labor force.

>>135691775
>look at this graph! look how smart i am

the reality of the situation is that when women were allowed to enter the workforce it halved everyone's wages and required that you would need 2 incomes to raise a family. now the minimum wage is not even enough to live off of and we all pay for it in welfare programs. if people had more money to spend, they would spend it, and it would help grow the economy

>>135692181
not sure if you're trying to be sarcastic or to emphasize greed but what you're talking about is a legitimate concern, it directly reduces your purchasing power when the minimum wage goes up if you were already a higher earner.

I mean really that's how you measure your success in any capitalist society, by determining how much higher above the minimum wage you earn

File: bernie10.jpg (39KB, 395x598px) Image search: [Google]

39KB, 395x598px

>>135682187
>If companies do not pay a living wage
get training, get better job that pays a 'living' wage. Or pray comrade Sanders gets elected.

>>135692003
This.

>>135677904
Its a basic concept, inflation.
You raise the minimum wage, suddenly EVERYTHING costs more. The cost of growing wheat goes up, the cost of turning that into flour goes up, the cost of producing and packaging yeast goes up, gas prices goes up, delivery peoples wages go up so delivery prices go up, bakers wages go up, electric companies wages go up so increase the price of their power, staff wages go up so the supermarket has to charge for more. Suddenly that $0.50 loaf of bread is now $1.50.

The knock on effect affects everything. So if you double everyones wages, within a short amount of time you will be paying OVER double for everything because everyone has to have their markup percentage. And in the meantime, smaller businesses will go under.

>>135692003
People are supposed to yearly ask for raises. If you don't take the time at least once a year to actively pursue a higher salary then you're seriously mismanaging your finances.

>>135677904
Because you can't have a 15$ minimum wage in a province like B.C. that has relied on Transfer payments to keep it from being the next Ontario.

File: 1501484761554.jpg (4KB, 200x156px) Image search: [Google]

4KB, 200x156px

>>135685798
>$25
what
its $13-15 you mongolid

File: yakub.png (66KB, 1080x407px) Image search: [Google]

66KB, 1080x407px

discord hvVkMc

Thoughts?

>>135688392
hey - there's an idea

why hasn't anyone applied age-brackets to wage?

File: 1481236991687.png (299KB, 1200x1000px) Image search: [Google]

299KB, 1200x1000px

>>135677904
>All these people who can't find a real job and take a bunch of unskilled jobs meant for teenagers because unions and socialist made everybody outsource as much as they could and support illegal immigrants to "do the jobs we don't want"
>please raise the minimum wage more

>>135677904
Fuck it, just keep raising it until every business closes and the country collapses. Let everyone starve in the freezing cold including myself just so I can watch them all suffer horribly for a short while before my lights go out forever.

>>135683659
Raising the minimum wage causes inflation if you print money to support it.
If you don't print money, then there are fewer jobs since nobody can afford the new $6M minimum wage

>>135677904
Idk minimum wage here is $13. Only prices i noticed that are high are rent, but that's becuase of the tech companies here and location. What I have noticed is that the value of labor has gone down and only pay around $15/ hour starting.

>>135682667
>what is aggregate demand?

Hmm, if I was a company that competed and found a way to make my product MUCH cheaper, wouldnt I try to undercut my competition to attain greater market share?


selling 1 million widgets at $2 with a 1$ costs = 1million dollars profit

Selling 300k widgets at $3 with $1 costs = $600k profit.

File: 1501524413191.jpg (227KB, 1200x1791px) Image search: [Google]

227KB, 1200x1791px

I still don't understand why lifting the buying power of the low-tier worker by a little bit - and accepting a cut on profits- is so bad and threatening

>>135679576
Run for God Emperor now!

>>135693585
it was a combination of both
to think that prices wouldnt increase and my purchasing power wouldnt decrease significantly within a year or two should such a minimum wage go into effect is naive and stupid

>>135677904

If you can't get a job, entry level, almost double the minimum wage, you're useless to society.

>>135678100
Not an argument.

>>135678196
So your idea is to give up? Oh ok...

>>135680927
Maybe Jose and Maria should stop having 6-10 kids when neither of them can even support themselves financially. Oh that's right, they have me to count on to support them.

>>135700322
>I still don't understand basic economics
we know, now pay debnts

>>135677904

If you raise minimum wage you also raise the requirements needed to get a minimum wage job. If you think you're skilled enough to get a job that pays $15 an hour, you'd have a job that pays $15 an hour.

Raising minimum wage to $15 just means all those people who are incapable of getting a job that pays $15 are now incapable of even getting a minimum wage job.

>>135693570
Wrong you dumb shit. Women entering the workforce had less to do with it. Generally, more workers = more labour = higher economic growth.

Why? Because these women can then spend their money too! Which increases the demand for products! Which means more jobs!

The real reason why certain wages seem low is really because of welfare. Tax = less real money and it also means less allocative efficiency.

>>135680927
>You've been conditioned by the jews
>Bernie Sanders
https://www.youtube.com/watch?v=zJBjjP8WSbc

>>135677904
Avg salary of entry level engineer is about $65,000/yr. That's about $33/hr for a high skill job area.

Minimum wage is like what $7.25/hr fuck let's call it $8/hr. So an engineer is 4x more valuable than the bare minimum.

Raise the bare minimum to $15 to keep up with natural inflation? Sure fine but the engineer is still 4x more valuable. So the engineer expects to be compensated at 4x the minimum so $60 an hour.

This propagates through every industry. Jobs are outsourced or replaced with automation, market re-stabilzes around this new minimum, prices inflate and now we are arguing over $30 minimum wage.

Break the cycle. End minimum wage, grow some balls, improve yourself.

>tfw your country doesnt even have minimum wage, labor union kikes who havent been elected by voters get to decide everything

>>135677904
Lower the minimum wage to 0, replace it with a basic income. That way entry-level positions are actually entry-level, you aren't imposing on the freedom of the poor to work at low wages.

Also, strengthen unions.

File: image.jpg (72KB, 460x332px) Image search: [Google]

72KB, 460x332px

>>135700322
Waste of gets. There's people making better money in businesses that can afford to pay their workers more. We send work overseas at the same time. Now there's not enough money in our circulation and middle class can't afford things because there's not enough work in our country. We also have robots that take our jobs and prices don't go lower. There's no such thing as the American Dream until trump deports the illegals and we get better deals.

Waste of get.

>>135702071
thats exactly what i meant here >>135692181
but well done putting effort into a post i couldnt

>>135701510
Wrong. You are making the mistake at looking at the effects in other markets before the labir market.
Higher supply of labor => wages fall => total spending on labor is ambiguous (i.e. Probably hasn't changed much, depends on shape of demand curve) => aggregate demand doesn't change much => change to GDP
Not to mention that economic growth is independent of labor supply according to the neoclassical model (substitution effect makes people work more as economy grows, wealth effect makes them work less => ambiguous)

>>135677904
>Oh noes it will affect the womynz. Welp that settles it gais

God I'm so fucking sick of this shit. Won't to get your point across? Just say how X will affect women and everyone will then see things your way.

>>135678100

/thread

>>135680927
>"white people don't what's it's like to be poor xD!
>t. elias "bernie" kikeovitch sandersky
yeah he sure thought about a lot of stuff, especially when 2 american monkeys raped him on stage

File: 384EB64B00000578-0-image-a-102_1473797367588.jpg (46KB, 634x401px) Image search: [Google]

46KB, 634x401px

>be old (30+)
>work at McDicks or Walmart
>earning little babby dollars every year
>not saving up and paying for trade school or even opening up a line of credit to get into trade school

You deserve pain.

File: 1496240600037.png (25KB, 669x514px) Image search: [Google]

25KB, 669x514px

>>135681621
WEW. EFFECTS NEVER SEEN BEFORE

>>135701468
Status quo apologist go and lick your master's shoes

>>135690588
#fightfor6gorillion

>>135682563

you have the ability to demand more money from your employer.

If you employer is a cheap ass, its more a marker of the society is shit raising shit people.

>>135677904
What people fail to realize is that it doesn't just stop at the minimum wage workers getting a big ass raise. What about people who are already working at $15 an hour? There are people working semi decent jobs making $15 currently, and you think they won't get pissed off and want raises when every burnout at mcdonalds is suddenly making the same amount of money?

>>135702719
because I'm against an obviously retarded idea like doubling minimum wage that must mean I'm for the status quo. No wonder your country is broke. After we're done building the wall we should build a dome to keep you turkish rape babies out,

>>135702344
It's a feedback effect. Women entering the workforce essentially doubles not only supply of labour, but also demand of products (aggregate demand) since the avg household now has more income.

So women entering the workforce doubles both supply AND demand, so in the end it's a wash, except that it also increases allocative efficiency and most importantly, supply.

Long term GDP = capital, natural resources, and LABOUR (in terms of quality AND QUANTITY).

EVERYTHING WILL STAY THE SAME IN VALUE

ONLY DIFFERENCE IS NOW YOUR BANK ACCOUNT LOOKS BIGGER (it isn't)
>BUT SO DO YOUR BILLS

>>135703356
It does not necessarily increase aggregate demand, because wages fall as a primary effect in the market for labor => less spending per worker
You might hope that maybe (wages * number of workers) increases, but that is not necessaeily true. It could even go down, it all depends on the elasticity of the demand curve for labor.
Ergo, aggregate supply increases, but not necessarily aggregate demand (again, aggregate demand can actually fall)

File: 3423848.jpg (95KB, 620x371px) Image search: [Google]

95KB, 620x371px

>>135702952
>you have the ability to demand more money from your employer.

wtf is this clueless shilling shit
who says retarded shit like this
demand more money and you're fucking FIRED
fuck you idiot fucktard shill

>>135688392
Higher minimum wage actually benefits big companies like McDonald's since they can afford to invest in robots that will take over the jobs of expensive workers. Don't listen to the (((managers))).

File: 987987987987.jpg (57KB, 620x620px) Image search: [Google]

57KB, 620x620px

>>135680001
prices are sticky
>zero argument possible
you have to be over 18 to post here
gtfo

File: 7888787878.jpg (31KB, 598x448px) Image search: [Google]

31KB, 598x448px

>>135682015
>It's very, very, VERY basic economics
why don't you just admit you don't know jack shit about economics, macro, or what money is and stop posting already

>>135682221
>since labor is always the costliest variable cost

utter bullshit
kys faggot

File: 1500602843719.jpg (314KB, 1349x1800px) Image search: [Google]

314KB, 1349x1800px

>>135677904
>>135677904
>What's wrong with a $15 minimum wage? Why should the 1 percent keep earning more money for their next yacht meanwhile families are struggling to survive working daily because they get paid so little.


You ask the wrong question OP...


Why the fuck are jobs intended for extra spending money for kids now sought after as blue collar jobs?

Why is the job market so shitty that people are trying to sustain families off burger flipping?

Someone obviously doesn't know how businesses work. If you increase the amount you pay your employees, the less employees you're able to pay.

>>135706538

this meme is actually true.

niggers pay for drugs in 20s so it might actually slow down the rate of nignogs getting opiods and being dope dealers who get other nignogs and white teenagers on opiods

t. heroin dealer wigger steprother

File: 38493842.jpg (124KB, 597x399px) Image search: [Google]

124KB, 597x399px

>>135682561
>one bullet, one kill, and mr.i-can-do-it-all's diseased brains are splattered all over his "community" by the actual govt

just keep talking out the side of your neck faggot

>>135691528
>Why not peg it to inflation?
Because if you do that, then inflation will only increase faster and it won't be long before minimum wage jobs are at the same or higher than non minimum wage jobs.

>well whats wrong with that?
I'm not working my ass off on a higher skilled job if I can just flip dicks at mcdonalds for the same pay.

>why not just peg everyone's wages to inflation?
This is what it was like before minimum wage existed. Although it wasn't actually "pegged", just that price signals in the economy gave employee's and employers the correct data to negotiate wages with.

Minimum wage is fake and gay.

>>135677904
>1 post by this ID

>>135679357
UBI is stupid because why the fuck would I give you money?

>to spend?
haha I have you money and you gave it back to me! Glad I produced all those services and products for free!

It's dumb. UBI will never exist for the same reason communism will never exist. The only exception would be if we create 3d printers that literally print everything from food to recreational nukes. Until then get a fucking job.

>>135684588
>not seeing the effects of greed
>oh it was the minimum wage fer sure automatic magic yeah
>a fucking leaf
>bosses get bonuses for firing faggots
>ceo is millionaire never enough money no matter how much
>darn that minimum wage

kys

>>135688392
What's wrong with 10.47? How about 11.17? It doesn't work that way, bro.

Many low skill people are not worth that much in most places. Ideally, the minimum wage should be eliminated and replaced by freedom. Peter Schiff covers this issue beautifully.

https://www.youtube.com/watch?v=60rvDF1kpcQ

Here he dominates some dumb bitch...

>>135680001
This, literally 101 econ. Yet government and everyone else just keeps pushing for more socialist magic.

File: 99034503495.gif (2MB, 400x225px) Image search: [Google]

2MB, 400x225px

>>135684968
>not knowing what fungible means and can't fucking spell

wew classes gonna start up again soon huh

File: 1497550123332.png (14KB, 1600x1200px) Image search: [Google]

14KB, 1600x1200px

>>135681384

>>135678100
6 gorillion per hour.

>>135682187
>hi goy
>I'm going to steal this money from you
>then pay myself
>then give it to some other poor goy
>so his employer can have larger profit margins at the expense of the tax payer

NO

>>135677904
But... the stereotype is the one on the right, while the jobs are meant for the people on the left, so they can get some work experience to put on their resume.
You're not supposed to make a career out of working as a low level employee at Walmart or McDonald's.

>>135702952
are you a 1 year old? don't think 1 year olds are allowed on this site

>>135693585
>a legitimate concern
just fucking kys

File: how-the-minimum-wage-works-comic.png (128KB, 1160x420px) Image search: [Google]

128KB, 1160x420px

What's wrong with a $100 minimum wage?

I fucking hope you are a troll. Even knowing there are idiots out there who believe in such bullshit. Retards like OP are the reason I can't get a fucking job and my country is a shithole.

Fuck face, if you aren't worth your wage, you won't get employed, period. If you don't get employed, you don't get experience, if you don't get experience, you can't get a better wage/job.

Without welfare, it's a great eugenics program, minimum wage can kill a lot of black/poor people; with welfare, it's just retarded.

>>135678100
FPBP

made me Kek, dammit!

>>135698558
>print money to support it.
wtf
newly printed money isn't given free to any business who wants to pay a higher min wage you fucking idiot

>>135707164
Not an argument.

>>135688392
>Manager of McD's
>12.95
Lad, I'm a first-level hourly supervisor at Walmart and I make 12.50 an hour with a health plan and 401k.

The biggest problem I see with minimum wage being too low is there are people that work 40-60 hours a week and still live off welfare to survive. Instead of companies footing the bill WE are stuck paying for it in taxes. In many places in the US living on minimum wage just isn't viable.

I already make $14/hr, though it's taken me a decade at Walmart to make said wage. If everyone one day got $15, I'd feel rather cheated.

How about instead of bringing wages up, why not bring jobs back to the West and drop consumer prices?

>>135688392
This is the most retarded solution I've heard. Basically what is going to end up happening is nothing but teenagers will be hired and the fired at 18.

Same reason muh gender gap is bs.

>>135702071
>wall of bullshit
>has no economics and can't into macro

yeah fuck off mr. engineertard "i'm worth four of yoooo" you lame ass faggot

>>135709878
>tfw inventory on Wednesday and need to go to bed now to wake up for first shift but I'm here on /pol/

>>135709874

It called inflation or stagflation if you consider wages haven't risen and consumer index has.

>>135677904
Walmart already forces you to use self checkiut lanes by only having 2 cashiers for 20checkout lanes.

I fucking hate walmart so much.

>>135683801

Nice job, desu. Socialism sucks!

File: k.png (31KB, 107x99px) Image search: [Google]

31KB, 107x99px

>>135677904
>100+ employees makes you a large corporation

>>135691775
>set the minimum wage
>equilibrium

That's not how it works. If price controls worked the USSR would still be a thing. Equilibrium is found through price discovery. You're arguing for a central authority it throw a dart on a board and say "that's how much that shit costs".

>>135680001
Preach!

>>135677904
Because we're not on a gold standard, we're on a labor standard. A dollar (C or US) is only as valuable as however many minutes of unskilled labor as the market allows. It is from that standard that all other labor (skilled, specialized, so on) is measured.

When you know digging a ditch in a field is X amount of dollars, you know how much more skilled jobs are worth. If you arbitrarily raise X by whatever degree, the rest of the scale floats with it.

That's called inflation and it's why idiots who can't explain it always say "lol well why not $50 an hour to flip burgers?"

>>135710257

Well yes, the market for cashiers is highly competitive in the favor of businesses. Basically there are too many of them and hopefully getting rid of a few will raise the wages for them. Same goes for McDonalds workers considering there are McDonalds in almost every city in the US.

If people want higher wages then stay out of retail or fast food, unless you work supply side of course.

>>135696314
>haha I got those idiots to expose minimum wage for the fraud it is

/pol/ BTFO

>>135700322
IT DOESN'T CUT PROFITS! EVERYTHING JUST COSTS MORE! REEEEEEEEE

The economy isn't static if you hike the cost of labor the cost of living will remain the same. If you're making close to minimum wage right now that will mean everyone above you would expect their wages to increase too. If their wages don't increase proportionally then people would be less inclined to remain with a corportation since the guy who just started is going to have almost as much spending power as people who've been there for years. This makes low wage labor even more disposasable.

File: 9798979.jpg (7KB, 325x324px) Image search: [Google]

7KB, 325x324px

>>135710649
>couldn't define subjective "worth" to save their fucking life but claims to know that it is exactly proportional to some parasite's wages that must be automatically raised because "reasons"

if you can't justify, using actual logic, that some faggot's "wage" must go up simply because some burgerflippers got an extra dollar an hour, then you need to stop shilling for greedy fucks because you really suck at it.

>>135710649
>labor standard
lol

>>135709627
>incapable of thinking with abstract reasoning
Lmao, this is why brainlets like yourself shouldn't vote.

>>135709835
And?
I also get 401(k) as well

>>135677904
I totally agree with you.

>>135709928
No, My restaurants current minimum wage for 18/open availability is already $10.00.

Your point is irrelevant

File: foryooo.jpg (130KB, 500x739px) Image search: [Google]

130KB, 500x739px

>>135711618
>not understanding what a fiat currency is and how it is distributed but I'll call this guy a brainlet anyway ha ha

yeah it sure smells like summer in here

>>135711737
So they advertise lower wages for teens? I guess I could be wrong about that, as teens have school and shit and other laws reducing their availability making them worth less.

>>135691528
I just heard Ben shapiro mention the poor buying hamburgers in the politicon thing

>>135711963
>hurr durr let me use buzzwords like "fiat currency" in a way that makes no contextual sense so I can pretend to sound smart
Yeah, and I'm the summerfag.
Whatever you say, sweetie.

>>135711534
I don't get to make those arguments because the market corrects for itself. I'm saying people who are above burger flipping will demand and negotiate more pay from employers when the price floor is arbitrarily raised. Then all prices of goods and services are raised to accommodate for it.

Do you think the dollar menu would exist with a $15/hr min wage?

This also out-prices unskilled labor. It is more efficient to get auto kiosks taking orders that might be $5-10k each as a one-time purchase for the restaurant, and then pay 1 dude $80k a year to maintain a region of restaurant kiosks, than it would be to pay 4 to 8 mooks per restaurant $30k a year to get your order wrong.

Which is what we're seeing in McDonald's and other shitty low tier places like Sheets and Wawa.

>>135711610
NotAnArgument.png

File: 1486531625938.jpg (4KB, 242x251px) Image search: [Google]

4KB, 242x251px

So if you believe the minimum wage shouldn't be hiked, then why should it not be tied to inflation?

What happens if in 10 years the dollar is worth 1/4th as much? Would you fags still be arguing the minimum wage should be kept the same?

>>135712010
Our wage is based off age and availability.

We advertise "Starting wage at 10.00" when in reality it only applies to those over 18 with open availability

But the other age brackets aren't far down. It would be nice of teens could work as much as they want, as long as they get paid of course.

>>135705204
That's retarded, theres been studies that while self order Kiosks have improved store efficiency more workers are required to help control the amount of orders being taken.

>>135708613
Nope! Peter Schiff is a fucking retard. If you have a higher minimum wage you attract higher quality people, its not like you hire everyone that wants through the door.

>>135678100
I can apply the same logic to the corporate profits. What's wrong with $1B profit? $10B? $100B? $1000B?
The bottom line is, the workers are always always at the disadvantage, because every force is working against them. Your salary is increased by 1%, while the cost of living by 50%, you never win.

File: 1436028324059.png (31KB, 213x214px) Image search: [Google]

31KB, 213x214px

>>135712761
People who argue against hiking the minimum wage generally argue against a minimum wage at all. Who are you talking to?

>>135712874
>If you have a higher minimum wage you attract higher quality people
Wrong. You attract the same people. If you want to attract higher quality people, you pay more than minimum wage. This is basic shit, anon. If minimum wage is $7.25/hour, I'll offer $10/hour and fire anyone I don't like and continue hiring people. Eventually I'll end up with quality workers (for $10/hour anyways). Raise minimum wage to $10/hour, and I'll have to do the same thing, just raise it to $14/hour.

>>135714678
Are you retarded? There's nothing wrong with $1000B profit. Shit, tell me the company that is going to decide it's gonna make $1T this year in profits, I'd like to invest.

Oh wait, you can't just decide how much profit to make.
>The bottom line is, the workers are always always at the disadvantage, because every force is working against them.
Ohhhhhhhhhhhhhhhhhh you're a marxist. Explains everything.

>>135715427
>Wrong. You attract the same people. If you want to attract higher quality people, you pay more than minimum wage. This is basic shit, anon. If minimum wage is $7.25/hour, I'll offer $10/hour and fire anyone I don't like and continue hiring people. Eventually I'll end up with quality workers (for $10/hour anyways). Raise minimum wage to $10/hour, and I'll have to do the same thing, just raise it to $14/hour.

Me again, I'd just like to point something else out since my last post was getting big: If you did in fact take out the low-quality workers because of a hike in minimum wage, the unemployment rate in the poor communities would skyrocket.

How does that help them? You'd just be left with more people on-

Ohhhhhhhhhhhhhhhhhh you're a marxist. Explains everything.

>>135715427
Why would you want America to turn into Africa? The only fags that want the minimum wage to go away are retards.

>>135679898
All the minimum wage does is ban people from working for under a certain amount. People who don't have skills or who aren't worth $15 an hour will not have a job. All you will be doing is cutting them down to zero dollars an hour. Your just removing the bottom rungs of the socioeconomic ladder. Hurting minorities an youths.

>>135708450
more and more automation will basically make ubi necessary, unless you want riots.

>>135715427
Correct.

It should be up to the businesses to determine the quality of their workers, not the govt. If McDonalds wants to hire all PHDs, sure they need to raise their wages. Henry Ford raised wages to reduce turnover becuase it made sense for him and didn't need a Federal law to do so. This is really basic.

>>135678231
>raises min wage by 30%
>prices inflate by 1500%

Lolwut

File: The-Demise-of-the-German-Mark.png (355KB, 595x378px) Image search: [Google]

355KB, 595x378px

>>135677904

>>135716261
You mean if I pay you more than my competitors I'll be able to secure the most talented people to work for me?

That's insane, anon. Who on earth would ever do that? No, lets just force all people to pay the same amount. It's all about the poor people that can't spell. Think about the drug dealers, anon. Have a heart.

>>135716295
>going from $7.25 to $150 is a 30% increase
>being this college educated

>>135686854
You could cut their pay and it would literally make jack shit difference to the average worker. Yeah, $10 dollars more for the year and no CEO. Moreover, why do you think shareholders or other people pay them so much? Maybe because they provide them value?

>>135677904
If a 15 dollar minimum wage is putnin place then all the people making around 15 dollars an hour now would be the new low wage impoverished class. If I were a librarian making 18 dollars an hour I would be terrified of a 15 dollar minimum wage

>>135677904
Artificially inflating wages for low skilled jobs isn't the answer.

If you want low skilled/entry level wages to go up you lower the supply.

YOU BUILD THE WALL DEPORT THEM ALL!

https://archive.org/details/youtube-O8cknG25YeY

>>135717062
Why on God's green ballsack do librarians make $18/hour? They put fucking books on shelves. I work in a nursing home. The women who work here literally have people's lives in their hands on a daily basis and make $14/hour.

Who the fuck is running these libraries?

Oh, liberals. Right, they have no sense of money since they have never earned any legitimately.

>>135677904
A $15 minimum wage wouldn't affect big corporations like McDonalds nearly as much as it would small businesses.
>$15 becomes the new minimum wage
>small businesses can't keep up very well, expansion and production becomes further limited
>many small businesses die out, few survive
>big corporations now have less competition to deal with
>some even start to use machines, increasing unemployment
A $15 minimum wage would have a marginal effect on big corporations compared to the effect it'd have on small businesses.

>>135677904
>60% are women

FUCK ALL THE WAY OFF ROASTIES

>>135716609
>>135717458
It's just an example nigger

A few cities have already tried raising their minimum wages to 15/hour. What happened was more people becoming unemployed. As a few in this thread have already mentioned, people with fewer/no skills are priced out of the market. Some still when realizing that their increase in income disqualified them for benefits such as SNAP/Medicaid simply quit those jobs or worked less. American infrastructure is at this point crumbling to dangerous levels coupled with a labor force that shows about as much participation as it did in 1970 before women started working more. Simply put there's a need for rebuilding all across the country and until infrastructure improves this situation will just get worse.

>>135677904
When you don't understand economics. A lot of the people working minimum wage over 35 are old people or people working part time to get some extra cash

File: pdsoaijfad;sf.png (369KB, 720x540px) Image search: [Google]

369KB, 720x540px

>>135717771
Remember when Seattle wasn't paying homeless people to vote Democrat?

I mean, that's how desperate they've become to stay in power after they fucked up the minimum wage hike.

>>135677904
I for one support increasing minimum wage, it will hit minorities and single moms the hardest with unemployment. They will collect welfare but it will generate more hatred towards them

poltards dont want to earn more
are you guys literally retarded?

>>135677904
Small increases to min. wage at a rate close to or slightly higher than inflation is the best/easiest way of making the lower end of the economy efficient. There are other policies we could make in lieu of min. wage but no one would support those so it doesn't matter.

t. actual economist

>>135718592
Do share, nigger.

Don't tease us by pretending you're one of the fabled "actual economists."

>>135718592
But really businesses just cut hours and raise prices, if you want to increase wages of low skill workers cut immigration

>>135718293

hey kike

the real minimum wage is 0$

If a corporation can't afford to pay their staff 15$, then they will cut staff or replace them with robotics.

>>135719078
There is an econometric paper done a few years back that has really good data covering several states, and it shows that as the wage was increased fast food chains actually increased the hours. They are acting as a monopsony (monopoly but for employers)

>>135719331
Source? Curious if hours increased but just for the employees that weren't laid off or if prices changed

>>135719331
There was an econometric paper done a few years back that has really good data covering several states basically showing this anon is a retard and needs to post proof or stop CNN-posting on 4chan.

>>135678100
Fpbp.
>What's wrong with a $15 minimum wage? It'd help me afford that $5 gallon of milk.
>What's wrong with a $30 minimum wage? It'd help me afford that $10 gallon of milk.
>What's wrong with a $60 minimum wage? It'd help me afford that $20 gallon of milk.
Keep doubling the minimum wage. See what happens.

>>135677904
Minimum wage will only compress wages from the lower class to the middle class. Making the total wages of medium level employees worth less.

For example - a man earning $30 an hour will likely not get a wage increase compared to a worker earning $12 an hour. This means that value of the $30 an hour mans wages is worth less as increased wages push the cost of goods up, lowering employment and increasing the barrier of smaller business. It will also by proxy reduce the buying value of your savings.

The goal should be to put in place legislation which reduces the total cost of living. For example, encouraging automation, reducing migration and reducing taxes. By reducing migration the cost of housing will decrease. By catering to a smaller population with automation the total GDP PER person will increase. Where as current GDP just increases the total GDP but not the GDP per person.

>caring about poor people
>ever
They obviously did something to get to and remain in poverty, why should the rest of us do anything about it? The poor are necessary for civilization to function, from the barely-human manual laborers to the smart ones trying to work their way out (good luck). All three social classes cannot be altered in quantity, or civilization will most definitely destabilize.

>>135720209
TLDR; Lower the cost of living. Increase exports, increase the value of your labor and improve the total buying power of your dollar. Now a man earning $5 an hour can afford a home.

>>135719617
>>135719799
http://economics.cornell.edu/sites/default/files/files/events/Meer_West_Minimum_Wage.pdf

took 15 seconds to find with google. Warning, you might need to read a little and have at least a highschool level understanding of economics

>>135720909
So it has a negative effect on job growth

>>135721251
>"nor likely to be an accurate reflection of the effect of the minimum wage"

Gotta read the next sentence. I know its a long and boring paper. But thats economics

>>135721251
>>135721492
I take that back, its saying yea it does reduce job growth but not as a direct effect. Its probably more like the market just gets apprehensive at the sight of an increase to min wage

>>135721902
Makes sense, owners need to adjust to new environment