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Old September 30th, 2016, 01:08 PM   #51
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Originally Posted by Sabcat View Post
... are you also stating that artificially inflating wages will promote innovation?

w/ this i also agree

the workers who do not find themselves priced out of the job market will sooner than later find themselves replaced by innovation.

none of that is good for the workers who are most closely affected by the minimum wage.
Sabcat, my post of September 30th, 2016, 03:42 AM fully responds to your post's last sentence.

Respectfully, Supposn

Last edited by Supposn; September 30th, 2016 at 01:18 PM.
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Old September 30th, 2016, 01:20 PM   #52
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Where did you get the $16 figure from? A couple of sources I checked put it at $10.86 in 2015 dollars. That doesn't change the message, it's just that I am always on the lookout for manipulative statistics.

Minimum wage since 1938 - CNNMoney
How much is that in Canadan?
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Old September 30th, 2016, 01:45 PM   #53
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Two things.

The US economy doesn't move a fraction of a point on the restaraunt business. They come, and they go, and the economy will be just fine the day McDonalds closes it's doors.

The minimum wage was increased before there was a McDonalds. It will be increased after it's gone.

If there is one business model that can be considered the most irrelevant of all business models anywhere in the world, it's the restaraunt business.

There is always another one waiting to take the place of the next failure in line, just like drug dealers on a street corner.

Good luck to those robot store owners in the neighborhoods with a bunch of unemployed thugs.

I'm sure they will be able to keep insurance policies after the constant vandalism to the buildings, that the local police departments eventually stop responding to calls on.

And those kind of stores won't do well in the lily white gated communities, so it looks like McDonalds will becoming another gas and go chain on the side of interstates.

Meanwhile, back in the real world. Another new restaraunt chain opens up, and the minimum wage keeps going up.

Nice post.
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Old September 30th, 2016, 02:11 PM   #54
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Simple mathematics, just skewed by the political talk. Of course, any business will seek the cheapest solution to it's cost output, wages included. That's not rocket science. We as consumers. seek the most cost sensible items when we shop, don't we? If store A sells a gallon of milk at $2.50 a gallon, and store B sells a gallon of milk a $3.50, where do you go?
If you go live near Store A, you go there. If Store B happens to be a Superstore that carries many such items that you may need to buy that day, you save time and gas money; bite the bullet; and go to Store B.
There are any number of other factors that can be put into the equation here. But this is the reality of life in America.
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Old September 30th, 2016, 02:17 PM   #55
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Wages are direct line with the amount of expertise needed for the job. An entry level job should only pay the going rate. If that amount starts to exceed that businesses ability to generate enough business to compete with others in the same field then that wage hike will not self fund. Corporate business can, to a small degree, handle a wage hike. Small business cannot. Their profit margins are to small to support drastic wage hikes.

Not true. I owned a small business and I paid most my employees (12) over $15/hour and that was ten years ago. The key is that I DIDN'T get rich. I shared profits with my employees. It can be done.
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Old September 30th, 2016, 02:18 PM   #56
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are you implying that the state artificially inflating the wage will also cause other wages to also be artificially inflated?

i agree. the question is where will the money come from to sustain those artificially inflated wages?
Sabcat, the federal minimum wage rate’s is the cause of “artificially inflating wages”? By that same logic we should agree an entrepreneur purchasing control of a medical necessity and increasing the remedy’s price to whatever the market will bear is an artificially inflated price.

All prices of goods and services, (labor is certainly a service), are the consequences of factors and forces behaving within their environment.
The prices of labor, medical remedies, legal services and Heinz baked beans are all reflections of our markets’ behaviors, the legal patents, copyrights and production costs of our economy; (i.e. they reflect our economic, commercial, legal and geographical environment).

If you consider the laws that uphold the federal minimum wage rate as creating “artificially inflated wages” then shouldn’t you logically consider the laws that defend the rights of private property as “artificially sheltered wealth”?

I’m a populist. I believe that the superior economy is one that enables the nation’s population to enjoy the superior sustainable living standards. We can disagree upon what is a superior sustainable living standard or how an economy can be devised to achieve such a goal; but your concept of an artificially inflated wage is illogical.

Respectfully, Supposn
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Old September 30th, 2016, 02:38 PM   #57
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Originally Posted by caconservative View Post
Of course they're not going to pay a dime more in wages than they have to?! They're in business to MAKE-MONEY, they are not the welfare department. When you've got hundreds of unskilled, uneducated people standing in line for an entry level job...it has everything to do with it! Yes, the government will allow cheap foreign labor to take US jobs. Obimbo has been president for nearly 8-years. Has anything changed? Or, has the influx of cheap foreign labor excellerated? Are there less illegal alien parasites taking entry level jobs for less money? Are legal American citizens forced to supplement them?
If you're in the business of hiring low wage unskilled workers.
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Old September 30th, 2016, 02:43 PM   #58
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There are no laws defending private property. Property is one of the three most basic inalienable rights protected by the Bill of Rights. What is not in the Constitution is federal government's authority over wages outside a federal district.
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Old September 30th, 2016, 03:03 PM   #59
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There are no laws defending private property. Property is one of the three most basic inalienable rights protected by the Bill of Rights. What is not in the Constitution is federal government's authority over wages outside a federal district.
JimmyB, no police, no lawyers, no civil or criminal courts, no prisons, no crimes or suites for damages. You live in a wonderful society where inalienable rights are always respected.

Respectfully, Supposn
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Old September 30th, 2016, 03:06 PM   #60
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Originally Posted by Supposn View Post
JimmyB, no police, no lawyers, no civil or criminal courts, no prisons, no crimes or suites for damages. You live in a wonderful society where inalienable rights are always respected.

Respectfully, Supposn
What does this have to do with my post?
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