Nope. I was explaining the logic used when people claim that minimum wage will increase unemployment. I wasn't assuming jack squat. Did you read this comment in the thread?
You probably didn't.
Because its a perpetual cycle that never ends. Ever since the dollar went off the gold standard we had this problem of dealing with inflation, wages, and cost of living increases. What need is there for wages and prices to keep going up? Society doesn't benefit from this (as you stated purchasing power is less today than 40-50 years ago), so who does? The banks. Wages decline as inflation builds and the bankers/financiers are the only ones who benefit. Plain and simple. The eroding value of the dollar is the problem, not minimum wage.
Raising the minimum wage will cause either A) cost of product/service increases to make up for lost profit, or B) layoffs will increase. So you want to make more while also paying more, leaving the net gain near zero? That is efficient? I don't follow the logic.
Minimum wage is a joke, the FED is a joke, and society is a joke. I'm just waiting for the reset. Hope it happens in my lifetime.
The "joke" is on you.
How much gross revenue does an average business need to generate to cover $1 dollar of added cost?
Let see...McDonalds profits last year were over $5.5 billion. How many employees could that cover?
So in other words "never mind"?
There is no reason to believe that companies will lay off needed employees simply because of a raise in minimum wage.
There... I fixed it for you.
Minimum wage is a joke, the FED is a joke, and society is a joke.
You have to think it out. You can only do that by hearing both sides of the argument. Yes. Some people will be laid off because of an increase in the minimum wage. No. We can't guess how many it would be. Yes. Some people will have a better lifestyle because of the increase in the minimum wage. No. We can't guess how much of an improvement. Yes. Some people will buy more things because they have more money. No. We can't tell what things they will buy. Yes. Prices will go up on some products because of the increase in the minimum wage. No. We don't know on which products or how much.
Fanaticism doesn't solve jack squat. You have to listen to both sides of the argument when making a decision and brace yourself for the possible consequences. Both sides of the argument are right. There are billions and billions of factors that could impact the situation. It can't be simplistically solved by treating your particular ideology as the perfect indicator of what will happen.
For example: Would raising the minimum wage to $100 an hour have a catastrophically negative impact? Yes. Raising it to $10 will cause the same ripples but much smaller. You can't be a complete idiot. You have to consider all sides.
Let see...McDonalds profits last year were over $5.5 billion. How many employees could that cover?
Isn't it time to get serious?
Its the only really truly squeezable place.... it will likely come out of bonuses.
You have to think it out. You can only do that by hearing both sides of the argument. Yes. Some people will be laid off because of an increase in the minimum wage. No. We can't guess how many it would be. Yes. Some people will have a better lifestyle because of the increase in the minimum wage. No. We can't guess how much of an improvement. Yes. Some people will buy more things because they have more money. No. We can't tell what things they will buy. Yes. Prices will go up on some products because of the increase in the minimum wage. No. We don't know on which products or how much.
Fanaticism doesn't solve jack squat. You have to listen to both sides of the argument when making a decision and brace yourself for the possible consequences. Both sides of the argument are right. There are billions and billions of factors that could impact the situation. It can't be simplistically solved by treating your particular ideology as the perfect indicator of what will happen.
For example: Would raising the minimum wage to $100 an hour have a catastrophically negative impact? Yes. Raising it to $10 will cause the same ripples but much smaller. You can't be a complete idiot. You have to consider all sides.
I believe the question was how much gross revenue does an average business need to generate to cover $1 dollar of added cost.
It's not a linear scale. The benefits of a $10 minimum wage could greatly outweigh the negatives while the same is not necessarily true for a billion dollar minimum wage.
The dogmatic political doctrines of the two sides are valuable because it is a great tool to keep us from going to extreme with our decisions. I guess I just get annoyed with it at times.
The "joke" is on you.
Nonsense. We have the highest minimum wage in America here in WA, And since it went up, unemployment has decreased.
The right wing myth has been exposed.
Roughly a dollar. How much does that raise the price of their product?
You aren't talking about the Debate Politics society. Are you?
"Correlation does not equal causation."
Show us how raising MW increased employment. Not just two numbers that follow similar trends on a graph, but the actual cause and effect.
And people are acting like raising it is some extreme socialist idea.
The left side communicates in extremes too. They are pretending that an increase in minimum wage is going to increase wages. :roll:
Nonsense. We have the highest minimum wage in America here in WA, And since it went up, unemployment has decreased.
The right wing myth has been exposed.
I didn't claim a connection. I simply stated that many on the right claimed when MW was raised unemployment would rise, it didn't.
I guess that was my mistake, since I based my response on the words you typed instead of the words thought you typed. Next time I'll make sure that I'm using my telepathy before responding...
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