Canna Sylvan
Well-Known Member
That's not the point. That wouldn't indoctrinate the people into wanting a communist utopia.
majority of employers favor raising minimum wage
- Thread starter UncleBuck
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Padawanbater2
Well-Known Member
What country in Europe is communist?
NLXSK1
Well-Known Member
Labor is always one of the biggest costs in a company. You have no idea what you are talking about.
Harrekin
Well-Known Member
Damn you ninja'd that pretty good, sorry I didn't see it before my reply.
NLXSK1
Well-Known Member
He wont believe either of us anyway. We are not scientists... ;]
Canna Sylvan
Well-Known Member
Are you high? Where did I say anything about Europe?
Umm no, a single person in 2 years time costs more than a new spanking $120,000 farm implement.
Obviously you have not heard of China, India, or any other nation that most manufacturing jobs have moved to. Why? Do you think its because of the better weather or something? No, it is because of reduced labor costs. Labor is THE MOST EXPENSIVE THING IN MANUFACTURING!! PERIOD!!
http://www.bcg.com/media/PressReleaseDetails.aspx?id=tcm:12-104216
1/3rd of large manufacturing left in the USA wants to move to China, know why? LABOR COSTS!!
Padawanbater2
Well-Known Member
Of the three of you, at least NoDrama posted a link to a citation. From the link;
"More than a third of U.S.-based manufacturing executives at companies with sales greater than $1 billion are planning to bring back production to the United States from China or are considering it, according to a new survey by The Boston Consulting Group (BCG).
Decision makers at 106 companies across a broad range of industries responded to the survey, which BCG conducted in late February. Thirty-seven percent said they plan to reshore manufacturing operations or are “actively considering” it. That response rate rose to 48 percent among executives at companies with $10 billion or more in revenues—a third of the sample.
The top factors cited as driving future decisions on production locations: labor costs (57 percent), product quality (41 percent), ease of doing business (29 percent), and proximity to customers (28 percent). In addition, 92 percent said they believe that labor costs in China “will continue to escalate,” and 70 percent agreed that “sourcing in China is more costly than it looks on paper.”
...Not long ago, many companies regarded China as the low-cost default option for manufacturing,” observed Michael Zinser, a BCG partner who leads the firm’s manufacturing work in the Americas. “This survey shows that companies are coming to the conclusion surprisingly fast that the U.S. is becoming more competitive when the total costs of manufacturing are accounted for."
From MIT;
"The costs to this point (basic salary, employment taxes and benefits) are typically in the 1.25 to 1.4 times base salary range- e.g. the cost range for a $50,000/year employee might $62,500 to $70,000. Unless you are hiring traveling salespeople, you need to provide some physical space to house the new employee."
http://web.mit.edu/e-club/hadzima/how-much-does-an-employee-cost.html
Padawanbater2
Well-Known Member
1.25%-1.4% seems like somewhat of a far cry from your 45% total, would you happen to have a citation for that?
UncleBuck
Well-Known Member
no need to go 3000 miles, psycho rabbit. we can look at the BLS numbers right here at home.
the BLS numbers here at home prove what happens to the price of goods compared to take home pay: take home pay outpaces any rise in the price of goods. higher min wage equals greater purchasing power.
but good job on trying to imply otherwise. if you guys didn't lie, you'd be silent.
NLXSK1
Well-Known Member
57% say labor costs are an issue. You seemed to gloss over that part...
So, if we raise labor costs in USA then what do you think employers will do??? The answer is not *hire more Americans*
Padawanbater2
Well-Known Member
The US is lowering labor costs, that's why 57% of companies are likely to return over the next decade
So, if we lower labor costs in the USA then what do you think employers will do??? Hire more employees, raise wages, and/or absorb the extra margins back into the company.
Like I said, myself and the majority of Americans are willing to absorb any increases in price if it means American workers earn a living wage.
Harrekin
Well-Known Member
You think labour costs are less than 2% of a company's overall costs?
Its blindingly obvious why you work a shitty minimum wage job now.
NLXSK1
Well-Known Member
That is not what the article says. Rising labor costs in China are driving jobs back to America.
If we raise labor costs in America the direction reverses again.
You have some sort of disconnect between what you demand and what you can produce. And you seem to think someone should pay you a whole hell of alot more than you are worth based on coercion by the government.
Padawanbater2
Well-Known Member
Clearly it depends on the size of the company what ratio you would end up with, with larger companies having smaller ratios
Oddly enough, it's the largest companies paying its employees the least
Where is your citation for 45%?
Padawanbater2
Well-Known Member
"If someone works for you full-time, should you pay them a living wage? Walmart comes up b/c it's now the country's biggest employer and pays its workers barely above minimum wage, while its owners earn more wealth than they can spend in a lifetime, is that fair? It's not illegal, but should society function that way?"
This is a question from a different forum, I'm interested in hearing responses to this here
I filled out some paperwork for classes in January, got my car washed, had breakfast with a friend, organized my bookshelf and washed the dishes
This is a question from a different forum, I'm interested in hearing responses to this here
I filled out some paperwork for classes in January, got my car washed, had breakfast with a friend, organized my bookshelf and washed the dishes
Padawanbater2
Well-Known Member
Pretty useless claim without any evidence to back that up
Padawanbater2
Well-Known Member
Use google to verify your claim..?
