name one business that has had to close its doors due to a minimum wage increase then.
I spend about 60% of my income after taxes. The rest is invested for tomorrow.see, your spending your disposable income to.
Let's see the data which supports your contention. Everything I've seen points in the opposite direction; boosts in wages mean a boost to the economy, PROMOTING HIRING.That's just it....the business will release the low wage employees so they can stay in business and maintain a profit level.
So, your question is, again, not on point or congruent with reality.
True words.I spend about 60% of my income after taxes. The rest is invested for tomorrow.
People dont save shit these days, and they will pay for it when they are older. They think the party is now, but what they are really doing is spending all their money outside the club while waiting to get in.
Gonna be some sad pandas the day they finally get through those doors and realize they dont have enough to keep the party going.
Some of my classmates as kids were stoked about the idea of working on automotive production lines, repair lines, etc. One went on at one point and was one of the lead techs in Brampton for the Dodge production line, and later after a little schooling become a production engineer. Others I never kept in touch with, but working in a factory used to be the cool thing to do. A huge part of my business is fabrication and production and is where I spend most of my time while working.How many kids grow up saying they want to be factory or field workers.
I like that. But you are right, used to be a cool thing. I am expressing the climate as being filled with folks who are walking into orientation and asking why they don't make as much as a foreman. I run kitchens and first year culinary grads will ask for status and money based on intrinsic value or they "Know they can do it". They have no value. They might be worth something until they stop showing up or put their personal lives ahead of work. That is unacceptable. I have respect for line workers but this is the point we are trying to make. Out of all the factory line workers in that business, he had and interest, pursued it, and made himself an asset and in doing so made it profitable/enriching for himself. He went from a line tech to engineer. That doesn't just happen. A first year grad would not even be able to see the path. This gentlemen you speak of worked, saw a path, made them see their need for him, and took action.Some of my classmates as kids were stoked about the idea of working on automotive production lines, repair lines, etc. One went on at one point and was one of the lead techs in Brampton for the Dodge production line, and later after a little schooling become a production engineer. Others I never kept in touch with, but working in a factory used to be the cool thing to do. A huge part of my business is fabrication and production and is where I spend most of my time while working.
"I want to work in a factory"
You have a very, very good point. Jumping from 7+ to 15 is a massive jump, doubling your labor expenses. Not only does that effect business with minimum wage workers but it is also going to really effect those without minimum wage workers.I think the big scare for business owners is because the min wage hasnt been raised in decades and inflation has risen quite a bit that the amount the hourly wage needs to go up scares them.
Min wage should always be tied to inflation and looked at a minimum 3 years and adjusted. Thats a fair system for all and granting someone a few dollars a week extra every year is not a big deal for the person paying it.
Our min wage in Australia is over seen by an independent body (fair wage tribunal) and they recommend the rate changers. Every few years when they recomend a change the business lobby groups say the usual stuff (same stuff they have said in this thread) "Business will go broke". "unemployment will rise" etc etc. It never happens of cause (unless the business is not an economically sound one and would of failed anyway) as inflation covers the costs.
The economics is sound. People spend disposable income. People spending money drives the economy. Thats why we have interest rates.
I spend about 60% of my income after taxes. The rest is invested for tomorrow.
People dont save shit these days, and they will pay for it when they are older. They think the party is now, but what they are really doing is spending all their money outside the club while waiting to get in.
Gonna be some sad pandas the day they finally get through those doors and realize they dont have enough to keep the party going.
Let's see the data which supports your contention. Everything I've seen points in the opposite direction; boosts in wages mean a boost to the economy, PROMOTING HIRING.
Do you know what wages are as a share of total expenses for McDonalds? I bet they're a lot less than you think. Now go look at their profitability and then decide if it's okay for people who DON'T WORK AT ALL (because their money is doing the work instead) to make so much off the backs of those they're underpaying.Looks like someone needs to try a little harder.
If he made more he would loose SS benefits. McD's is notorious for hiring within the community knowing that an employee asking for no more than 27 hour, as it will disrupt his finances, has no interest in moving forward, and will not accept a raise. It took me 3 months to fire an employee like that.
To add, look at the costs. $500 for rent, 1 job making $1000, 800 in other expenses (lets list what they were, if alcohol, video game, TV cable bill is even purchased once then it is a fail), 250 for a car payment.
Again this is a failure to learn Life Skills. Job #2 is blank. Not McDonald's fault. I hate that I just said that.
Nowhere in any of your diatribes about laziness or 'the worth of work' do you address the ethically bankrupt practice of working some people for starvation wages just so someone else whose money got passed down to them through no fault of their own but the genetic lottery can work exactly not at all and reap excess profits.It's not right for ttystikk to have more money than me. He should give me all his money. He doesn't work for it.
Do you see how little sense that makes?
Minimum wage is entry level. If you want more, go get it. The opportunity is there. If you are an adult with any experience or work ethic and making minimum wage you have made some terrible decisions along the way.
Hell create this Utopian business where the employees are paid well regardless of skill. Sounds like a great plan. I'll be looking for you on the cover of Forbes.
The vast majority of the 1% are 1st generation wealthy. Money comes and goes. Within 2 generations their offspring will be dead ass broke. It's just the way shit goes. Don't be a hater.
A little story. I have a friend who is a slum lord and sells shitty cars. The risk is big. They are all broke. No one else will finance them. His philosophy is you've got to fuck the poor. Rich people know better. He's doing quite well.
None of that means I want people to be poor. What's mine is mine. You feel the same way. The difference is I live by the golden rule. Because I don't want you in my pocket, I will keep my hands out of yours.
The truth of the matter is we all vote with our dollars. If you don't like what company x,y,or z is doing then don't buy their products. But we like cheap Walmart shit. The cheaper the better.
Get a second job then, fuck.