Minimum Wage debate
 

In article , says...

Can any of our resident economic experts explain how raising the minimum
wage helps anyone?

The cost of goods sold reflect the cost of selling those goods. If the
minimum wage is raised, the cost of selling increases causing the cost
of goods to increase, resulting in going back to square one in terms of
what is affordable to everyone.

The only way it makes sense to me is if the minimum wage is raised but
the cost of goods stays the same. That isn't going to happen.

The companies have "extra" money laying around that they can spend of increasing their
employees pay.

Minimum Wage debate
 

In article , says...

On Wed, 05 Mar 2014 10:22:40 -0500, "Mr. Luddite"
wrote:


Can any of our resident economic experts explain how raising the minimum
wage helps anyone?

The cost of goods sold reflect the cost of selling those goods. If the
minimum wage is raised, the cost of selling increases causing the cost
of goods to increase, resulting in going back to square one in terms of
what is affordable to everyone.

The only way it makes sense to me is if the minimum wage is raised but
the cost of goods stays the same. That isn't going to happen.



The Time article about the inequality in San Francisco said the mayor
wanted to raise the minimum wage to $15. Yeah sure, that makes all the
difference when apartments go for $3500 a month.

I was out in the San Francisco Bay area about 12 years ago and a McDonalds, of all places,
was hiring people at $12 per hour. This was in 2002. Supply and demand for labor works.

If there are really a significant number of people trying to raise a
family on minimum wage, that is not a minimum wage problem, that is a
jobs problem.
More correctly, it is an employee problem. These people need to learn
a skill that supports a reasonable wage. In the end, they still need
to create enough value for the employer to justify what they make.
Otherwise the employer simply will not hire them.
You only have to look at the union dominated industries where people
were making more than they could return to the employer because of
inflated contract terms. The employers replaced workers with robots or
simply moved the plant to a place with cheaper labor.

Minimum Wage debate
 

On 3/5/2014 7:08 PM, F.O.A.D. wrote:
On 3/5/14, 6:18 PM, KC wrote:
On 3/5/2014 10:22 AM, Mr. Luddite wrote:

Can any of our resident economic experts explain how raising the minimum
wage helps anyone?

The cost of goods sold reflect the cost of selling those goods. If the
minimum wage is raised, the cost of selling increases causing the cost
of goods to increase, resulting in going back to square one in terms of
what is affordable to everyone.

The only way it makes sense to me is if the minimum wage is raised but
the cost of goods stays the same. That isn't going to happen.




The one and only thing positive that comes from it is more solid
democrat voters...


It is absolutely laughable that some of you fellas in higher income
brackets want to curtail the meager wages of those in the bottom
brackets, and it is so, so, so modern-day Republican of you.

Does the cost of goods and services reflect the totally out of whack
paychecks of CEOs who take home multi-million dollar salaries?

More progressive nations have higher minimum wages for their workers,
and most of them get health care, mandated vacation time, sick leave,
maternity leave and pensions. In this country, everything goes to the 1
or 2% and the lower middle class and lower income groups get...****ed.

Except for Scotty, of course, whose services aren't worth half of
minimum age.



Still doesn't answer or address my question which is legitimate, I
think. If wages are increased (especially by law) it goes to reason
that the cost of services and goods will rise because the cost of labor
has gone up. If they rise, what is the benefit to those now earning a
slightly higher minimum wage who partake of those services and goods?

I hear all the justifications offered by the politicians. Higher
minimum wages means more employee loyalty, happy employees, and an
increase in business creating more jobs. Wonderful sounding story but
a bit of a fairy tale to me.

Simply raising the minimum wage will quickly result in the same relative
state that exists now.

I'd rather see training and educational programs being promoted that
will allow those who want to increase their income to have the skills
and training that command higher wages.

Minimum Wage debate
 

On 3/5/2014 7:49 PM, BAR wrote:
In article , says...

Can any of our resident economic experts explain how raising the minimum
wage helps anyone?

The cost of goods sold reflect the cost of selling those goods. If the
minimum wage is raised, the cost of selling increases causing the cost
of goods to increase, resulting in going back to square one in terms of
what is affordable to everyone.

The only way it makes sense to me is if the minimum wage is raised but
the cost of goods stays the same. That isn't going to happen.

The companies have "extra" money laying around that they can spend of increasing their
employees pay.



Across the board increases in the minimum wage paid to unskilled or
semi-skilled workers can have a larger impact on a company than realized
by many. It often results in pressure to raise wages across the board
for higher paid skilled labor as well. It's tough for some people who
have skills and/or are attending school or training to make themselves
more valuable to accept the fact that others are getting raises simply
because some law says so.

Minimum Wage debate
 

On Wed, 05 Mar 2014 20:43:05 -0500, "Mr. Luddite" wrote:

On 3/5/2014 7:08 PM, F.O.A.D. wrote:
On 3/5/14, 6:18 PM, KC wrote:
On 3/5/2014 10:22 AM, Mr. Luddite wrote:

Can any of our resident economic experts explain how raising the minimum
wage helps anyone?

The cost of goods sold reflect the cost of selling those goods. If the
minimum wage is raised, the cost of selling increases causing the cost
of goods to increase, resulting in going back to square one in terms of
what is affordable to everyone.

The only way it makes sense to me is if the minimum wage is raised but
the cost of goods stays the same. That isn't going to happen.




The one and only thing positive that comes from it is more solid
democrat voters...


It is absolutely laughable that some of you fellas in higher income
brackets want to curtail the meager wages of those in the bottom
brackets, and it is so, so, so modern-day Republican of you.

Does the cost of goods and services reflect the totally out of whack
paychecks of CEOs who take home multi-million dollar salaries?

More progressive nations have higher minimum wages for their workers,
and most of them get health care, mandated vacation time, sick leave,
maternity leave and pensions. In this country, everything goes to the 1
or 2% and the lower middle class and lower income groups get...****ed.

Except for Scotty, of course, whose services aren't worth half of
minimum age.



Still doesn't answer or address my question which is legitimate, I
think. If wages are increased (especially by law) it goes to reason
that the cost of services and goods will rise because the cost of labor
has gone up. If they rise, what is the benefit to those now earning a
slightly higher minimum wage who partake of those services and goods?

I hear all the justifications offered by the politicians. Higher
minimum wages means more employee loyalty, happy employees, and an
increase in business creating more jobs. Wonderful sounding story but
a bit of a fairy tale to me.

Simply raising the minimum wage will quickly result in the same relative
state that exists now.

I'd rather see training and educational programs being promoted that
will allow those who want to increase their income to have the skills
and training that command higher wages.

Minimum Wage debate
 

On Wed, 05 Mar 2014 20:43:05 -0500, "Mr. Luddite" wrote:

On 3/5/2014 7:08 PM, F.O.A.D. wrote:
On 3/5/14, 6:18 PM, KC wrote:
On 3/5/2014 10:22 AM, Mr. Luddite wrote:
snipped


The important stuff:

I hear all the justifications offered by the politicians. Higher
minimum wages means more employee loyalty, happy employees, and an
increase in business creating more jobs. Wonderful sounding story but
a bit of a fairy tale to me.

No, it's true. But the loyalty goes to the ones who got the higher minimum wage, not the employer
who's forced to pay it.

Loyalty results in votes.

Everything you say is true, but it's at too much depth for the average minimum wage earner, or FOAD,
to understand.

Minimum Wage debate
 

On Wednesday, March 5, 2014 8:56:37 PM UTC-5, Mr. Luddite wrote:
On 3/5/2014 7:49 PM, BAR wrote:

In article , says...



Can any of our resident economic experts explain how raising the minimum

wage helps anyone?



The cost of goods sold reflect the cost of selling those goods. If the

minimum wage is raised, the cost of selling increases causing the cost

of goods to increase, resulting in going back to square one in terms of

what is affordable to everyone.



The only way it makes sense to me is if the minimum wage is raised but

the cost of goods stays the same. That isn't going to happen.



The companies have "extra" money laying around that they can spend of increasing their

employees pay.







Across the board increases in the minimum wage paid to unskilled or

semi-skilled workers can have a larger impact on a company than realized

by many. It often results in pressure to raise wages across the board

for higher paid skilled labor as well. It's tough for some people who

have skills and/or are attending school or training to make themselves

more valuable to accept the fact that others are getting raises simply

because some law says so.

ALL...you know is what you're told. Shut up, ****.

Minimum Wage debate
 

"Mr. Luddite" wrote:
On 3/5/2014 7:08 PM, F.O.A.D. wrote:
On 3/5/14, 6:18 PM, KC wrote:
On 3/5/2014 10:22 AM, Mr. Luddite wrote:

Can any of our resident economic experts explain how raising the minimum
wage helps anyone?

The cost of goods sold reflect the cost of selling those goods. If the
minimum wage is raised, the cost of selling increases causing the cost
of goods to increase, resulting in going back to square one in terms of
what is affordable to everyone.

The only way it makes sense to me is if the minimum wage is raised but
the cost of goods stays the same. That isn't going to happen.




The one and only thing positive that comes from it is more solid
democrat voters...


It is absolutely laughable that some of you fellas in higher income
brackets want to curtail the meager wages of those in the bottom
brackets, and it is so, so, so modern-day Republican of you.

Does the cost of goods and services reflect the totally out of whack
paychecks of CEOs who take home multi-million dollar salaries?

More progressive nations have higher minimum wages for their workers,
and most of them get health care, mandated vacation time, sick leave,
maternity leave and pensions. In this country, everything goes to the 1
or 2% and the lower middle class and lower income groups get...****ed.

Except for Scotty, of course, whose services aren't worth half of
minimum age.



Still doesn't answer or address my question which is legitimate, I think.
If wages are increased (especially by law) it goes to reason that the
cost of services and goods will rise because the cost of labor has gone
up. If they rise, what is the benefit to those now earning a slightly
higher minimum wage who partake of those services and goods?

I hear all the justifications offered by the politicians. Higher minimum
wages means more employee loyalty, happy employees, and an increase in
business creating more jobs. Wonderful sounding story but a bit of a fairy tale to me.

Simply raising the minimum wage will quickly result in the same relative
state that exists now.

I'd rather see training and educational programs being promoted that will
allow those who want to increase their income to have the skills and
training that command higher wages.

How about the welfare collectors have to do meaningful work? Clean streets
of trash, etc. a new CCC. As to the minimum wage raise, does that cause a
loss of exports on low end labor assisted goods, because the price had to
be raised to pay those wages?