Quoting ouboy79 (Reply 78): Does that mean the minimum wage should be at least that at this point? |
The ,minimum wage should be above the poverty line. Until employers pay that then we all see our tax dollars to go food stamps, welfare, etc. It's called corporate welfare.
Quoting ouboy79 (Reply 78): Let's set the compensation rate at or just below the minimum wage level. |
Look at the poverty line before looking at the minimum wage. And remember a lot of those folks working as a waiter or waitress are pulling in around $3 an hour - plus tips. Time for that to change as well.
Quoting JoePatroni707 (Reply 80): Fast food never has been or will it ever be a job to support one self, its a job for a teen in school, extra pocket money, etc. |
And 40% to 50% are adults that are working those jobs because it is all that is available - and they are trying to raise a family.
Quoting seb146 (Reply 82): All because they feel the need to contribute and support themselves. |
Or there are no other jobs around - Old W & Dick made sure of that. If they don't hustle fast enough or say one wrong word they are out the door because there are a lot of people waiting to take their place - and they obviously are not protected by any union. Or politician.
Quoting seb146 (Reply 82): Knowing the workers were not paid much, and how much we paid, I still say we got a deal. We were good with it. And we left a tip. |
That top went to someone that will be lucky to make $20 K a year before taxes. How much of a tip did you leave? 20% minimum?
Quoting Mike89406 (Reply 83): What I meant is don't settle for minimum wage career wise if you can help it. |
Far too many of those folks are adults that simply cannot get another, better paying job. Maybe they were doing
OK, moderate income and paying bills. They W's Great Recession hit and they are at the bottom of the pyramid - often for the rest of their working lives.
You got a good job? Good. That means your taxes can help pay for their government benefits,
Quoting Mike89406 (Reply 83): There's always a way to improve you're life if you're able |
Abel is the key word, Sometimes there are no other jobs. Sometimes the person is not the brightest - below average. We've all seen them, sometimes called "slow" in school. You know they have no chance at any real success, or breaking free of poverty.
Quoting Mike89406 (Reply 86): They get the what they want then the dollar value will drop. That 15/hr would have nearly the same buying power as what they were making. What would that accomplish? |
Not rally. Bumping up the wages might mean another 10¢ or so added to the cost of your Big Mac. The hourly rate is only a fraction of the total company cost. In retailing the objective is to hold personnel costs to the 8% to 10% range.
Quoting Mike89406 (Reply 86): What would the supply and demand be for fast food? They could hire 3rd world workers or automate, unemployment would rise. |
Not that much different in terms of demand as the price increases would be held in check with competition.
Someone like McDonalds hires 3 world workers and the DOJ will have a field day, as will local DA's. Might need to shut a few down to ensure the others understand.
Quoting Dreadnought (Reply 87): No, Inflation happens when the government spends more than it can afford, and prints money to cover the difference. |
Well, Old W did spend a lot - especially on the credit cared. We saw massive inflation in health care & related insurance, but that was because the government didn't provide core care via a tax - which exploded cost shifting.
And when government spends money, how much does that generate in tax revenues? Look at the total jobs impacted with a road program. Start with engineers, accountants, lawyers, etc. (and everyone working at their firm) and that is before anything physical gets started on site. These folks pay taxes in various forms.
Now start assembling resources - from heavy equipment to steel, sand, gravel, cement, etc. More private companies making money and paying taxes.
Now start looking at all the people working on site, operating machinery, overseeing the operations, etc.
Lots of jobs who be paying various forms of taxes as well as spending in the community - which generates more jobs & tax revenues.
So we spend $20 million on a road. How much comes back long term on that investment in terms of tax revenues? And jobs. Those jobs are important as they reduce payment of government benefits related to unemployment.
Maybe a bright economist can give you an exact "estimate' of the money flowing back into federal, state, county & local treasuries.