The $15 Minimum Wage Moves Social Security To Solvency

Yakuda said:
If you're making give cents more than mw and I have to pay all my other employees $15 then he'll will freeze over before you get a raise or the govt continues to mandate increases making everything more expensive than it's worth.
Click to expand...

You get raises based on market competition. In other words, if an employer wants better than the minimum, he will have to pay more than the minimum wage. That is why Americans have a higher minimum wage than Mexicans, and yet can make more than the US minimum wage.

It will encourage automation, but automation does not make everything more expensive. It makes things cheaper. Many things are cheaper today, even with a higher minimum wage, because we have better automation. Mass production (automation) has driven down prices, driven up wages, and driven down the number of hours that must be worked.
 
Walt said:
You get raises based on market competition. In other words, if an employer wants better than the minimum, he will have to pay more than the minimum wage. That is why Americans have a higher minimum wage than Mexicans, and yet can make more than the US minimum wage.

It will encourage automation, but automation does not make everything more expensive. It makes things cheaper. Many things are cheaper today, even with a higher minimum wage, because we have better automation. Mass production (automation) has driven down prices, driven up wages, and driven down the number of hours that must be worked.
Click to expand...

So we agree mw encourages automation. I love the ordering kiosks at McDonald's as they are faster and smarter than anyone at the counter and have a better attitude. The last thing I want to do is encounter a human at any of the fast food places. If I'm paying someone $15 an hour they better work their ass off. And again teens working part time dont deserve $15/ hour.
 
Yakuda said:
If I'm paying someone $15 an hour they better work their ass off. And again teens working part time dont deserve $15/ hour.
Click to expand...

I think the problem here is the word "deserve". Somehow you have gotten it into your head that capitalism is about getting people what they deserve. It is no such thing. Nobody cares what you deserve.

I bill $500 an hour, not because I deserve $500 an hour, but because that is what the market will bare. Many people in third world countries would bill less than a dollar an hour, not because they deserve less, but because the market for their jobs will bare less. Capitalism is all about not caring what someone deserves.

If I am paying someone $15 an hour, and can find someone who will do a better job for $15 an hour, then sure I will replace the lazier worker. If I cannot, then I am not going to sit around whining that they "better work their asses off." That is just a stupid complaint.
 
Walt said:
I think the problem here is the word "deserve". Somehow you have gotten it into your head that capitalism is about getting people what they deserve. It is no such thing. Nobody cares what you deserve.

I bill $500 an hour, not because I deserve $500 an hour, but because that is what the market will bare. Many people in third world countries would bill less than a dollar an hour, not because they deserve less, but because the market for their jobs will bare less. Capitalism is all about not caring what someone deserves.

If I am paying someone $15 an hour, and can find someone who will do a better job for $15 an hour, then sure I will replace the lazier worker. If I cannot, then I am not going to sit around whining that they "better work their asses off." That is just a stupid complaint.
Click to expand...

I am not confusing anything. Flipping burgers is not a $15/hour job. Period. The whole mw thing is anti capitalism so I'm not sure what youre barking about there.

That is not the same at all as you charging $500/hour is NOT a govt mandate. Nice try but no cigar. You need an actual argument here.

If I can't find them then I will do without. I will pay my better workers more money. The number of people needed is not stagnant so yes you better work your ass off or I'll fire you.
 
Yakuda said:
Flipping burgers is not a $15/hour job. Period.
Click to expand...

And yet it is in Australia, and in slightly better restaurants. If a "burger flipper" is managing/repairing/problem solving several burger flipping machines, then it certainly is a $15/hour job. A burger flipper in Northern Alaska or on an oil platform at sea could definitely be worth $15/hour. In the future, it could be required to be a $15/hour job.

Your absolute statement is wrong. It made more sense when you claimed it did not deserve to be. What someone is paid is dependent on what the market can bare, not on what you think they deserve.

Yakuda said:
If I can't find them then I will do without.
Click to expand...

You would rather shutdown a profitable business than pay employees what the market will bare? That is stupid, but it really does not matter. If you shutdown your business, other businesses will take their place, and they will pay employees what the market will bare.

I have people tell me all the time they will not pay my rates. They scream and cry how unfair it is. You know what, NO ONE CARES!!! Capitalism is not about being fair.

You may say minimum wage is not capitalism, but whether you stay in business or not is capitalism. There will be businesses able to pay minimum wage, and if you are unwilling to, they will gladly replace you.

Yakuda said:
If you're making give cents more than mw and I have to pay all my other employees $15 then he'll will freeze over before you get a raise
Click to expand...
Yakuda said:
I will pay my better workers more money. The number of people needed is not stagnant so yes you better work your ass off or I'll fire you.
Click to expand...

I see you go by the school of thought "consistency is the hobgoblin of little minds." First you said you would never pay anyone over a minimum wage of $15, and now you are saying you would pay all your employees over a minimum wage of $15.

I consider the second strategy to be better. Pay more than the minimum and get the best workers, or at least above average. Let the other guys go with the least employees. They will save a few bucks, but lose so much in quality it will not matter.
 
Walt said:
And yet it is in Australia, and in slightly better restaurants. If a "burger flipper" is managing/repairing/problem solving several burger flipping machines, then it certainly is a $15/hour job. A burger flipper in Northern Alaska or on an oil platform at sea could definitely be worth $15/hour. In the future, it could be required to be a $15/hour job.

Your absolute statement is wrong. It made more sense when you claimed it did not deserve to be. What someone is paid is dependent on what the market can bare, not on what you think they deserve.



You would rather shutdown a profitable business than pay employees what the market will bare? That is stupid, but it really does not matter. If you shutdown your business, other businesses will take their place, and they will pay employees what the market will bare.

I have people tell me all the time they will not pay my rates. They scream and cry how unfair it is. You know what, NO ONE CARES!!! Capitalism is not about being fair.

You may say minimum wage is not capitalism, but whether you stay in business or not is capitalism. There will be businesses able to pay minimum wage, and if you are unwilling to, they will gladly replace you.




I see you go by the school of thought "consistency is the hobgoblin of little minds." First you said you would never pay anyone over a minimum wage of $15, and now you are saying you would pay all your employees over a minimum wage of $15.

I consider the second strategy to be better. Pay more than the minimum and get the best workers, or at least above average. Let the other guys go with the least employees. They will save a few bucks, but lose so much in quality it will not matter.
Click to expand...

I can see you're coming unhinged. The fact is $15/hour is too much to pay teenagers who work part time. This is nothing more than leftist feel good ideology. Artificially setting the process for anything is disastrous to a healthy economy.
 
Yakuda said:
The fact is $15/hour is too much to pay teenagers who work part time.
Click to expand...

That is not a fact. It is your opinion. And in this case, your opinion is of no importance.

I have paid two teenager $20/hour for part time work. Both quit working for me because they could get better pay from other people. I should have kept up with what the market could bare, not just assume $20 was enough. I was making a lot of money off them. It is what the market can bare that matters, not what your (or my) opinion is.
 
PoliTalker said:
Think about it.

All those low wage workers will be earning more. They will be getting bigger paychecks. Those checks will have withholding taken out of them. There will be more money going into Social Security. That will help move SS more towards solvency.
Click to expand...

I am speechless......why would you post this without thinking it through?......
 
PoliTalker said:
Or you are one of millions of Americans who have dignity in senior life because of one of the most successful socialistic programs ever devised in America, having lifted MILLIONS from destitution.
Click to expand...

after your president gives us double digit inflation, how much dignity will seniors be able to retain.......
 
We've often heard the concern that raising the minimum wage might cause inflation.

And the same people who say that would really love to deport the lowest cost, readily available, hardest working, work force our economy has, the undocumented immigrants.

And they think that might not also cause inflation?
 
PoliTalker said:
We've often heard the concern that raising the minimum wage might cause inflation.

And the same people who say that would really love to deport the lowest cost, readily available, hardest working, work force our economy has, the undocumented immigrants.

And they think that might not also cause inflation?
Click to expand...

Undocumented immigrants AKA illegal aliens don't deserve minimum wage they are criminals.
 
Nordberg said:
As FDR said, a business that cannot pay workers a living wage should do business in America.
Click to expand...


Did FDR think .25 cents an hour minimum wage was a living wage? That would be $4.45 today. Most of the businesses in 1938 would not be doing business according to his criteria.
 
Last edited:
Yakuda said:
So we agree mw encourages automation. I love the ordering kiosks at McDonald's as they are faster and smarter than anyone at the counter and have a better attitude. The last thing I want to do is encounter a human at any of the fast food places. If I'm paying someone $15 an hour they better work their ass off. And again teens working part time dont deserve $15/ hour.
Click to expand...

I want my barista well educated if I'm to pay $10 for a coffee.
 
Yakuda said:
Because you want to put people out of business?
Click to expand...

How is that going to put people out of business? Any good businessman who is savvy will pass along some of the costs to the consumer. If they cannot figure that out, they won't last long as a business.
 
Flash said:
Did FDR think .25 cents an hour minimum wage was a living wage? That would be $4.45 today. Most of the businesses in 1938 would not be doing business according to his criteria.
Click to expand...

That was nearly a hundred years ago, when people were much poorer. More than 50 years ago, it would be in current money over $11. We have gone backwards in the last 50 years, at least in this regard.
 
You must log in or register to reply here.
Back
Top