Job creation from a 1%er

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Well, I must be filthy rich then , cause you could double or even triple minimum wage and I still wouldn't feel all that worried that I'm undercompensated..........
 
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Nope you seem to be a pretty normal fellow. You just don't see those who earn less than you, getting more as being a threat to you!
 
I think that what a few here have been trying to point out is that falsely forcing up the bottom will not solve any problem. After some short term gain for those at the bottom, and some short-term pain for those at the top, the free market that put us where we are today will eventually set everything "right" again. As I see the salaries of those below me coming up, I'm going to be in my boss's office demanding more. Those with skills harder to replace will always have more pull than those closer to minimum wage.
Getting closer to the point I was trying to make. Joful. What I'm taking away from this discussion is that many folks want to see every body make more money regardless of experience, work ethic or the economic climate in any particular spot on the map. So lets all just say we should all make the same amount of money. We all will go to work next week and make the exact same salary. Every one is all even Steven. Sounds like pure socialism to me and that I have a serious problem with. Or we could ramp up the scenario a knotch when the wage rate got to high and say that no one will any longer be paid for the work they perform. I will go to work for nothing producing widgets and the next guy goes to work for nothing making trinkets. When I need a trinket, I call him and he gives me a trinket. I pay him in widgets. Maybe he don't need a widget but if he wants to get rid of his trinkets that's the deal. We cant have it both ways. Higher wages mean higher costs for the goods and services we consume. Its that simple and I don't see how any one can see it any other way unless they have a perpetual motion machine hidden in their basement.
 
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Higher wages mean higher costs for the goods and services we consume. Its that simple and I don't see how any one can see it any other way

Which is a sign of a healthy, growing economy & that's a good thing or at least I was taught it was.

Winner of the race to the bottom gets what?

What is at the bottom that anyone would want to get there?, gotta be something real good if we are willing to exchange our standard of living for what the third world has.
 
I think that what a few here have been trying to point out is that falsely forcing up the bottom will not solve any problem. After some short term gain for those at the bottom, and some short-term pain for those at the top, the free market that put us where we are today will eventually set everything "right" again. As I see the salaries of those below me coming up, I'm going to be in my boss's office demanding more. Those with skills harder to replace will always have more pull than those closer to minimum wage.

Really this all goes back to that darned Supply and Demand curve. If there's more workers on the bottom making more, the demand for products goes up. Following a demand, there's less of a supply, so prices go up. With the increased prices, employers can pay their employees a little more, so then those workers can afford to buy more, and it all eventually balloons until we are back in the same place, where $15 only buys what $8 bought a few year ago. Without fully controlling the market (I'm NOT advocating that!!), things even out on their own and all we're left with is this same stupid argument about raising the minimum wage again in a few years.
 
A minimum wage job shouldn't be a career choice. When you work a crap job for crap money you've got an incentive to better yourself and move on.
Minimum wage jobs are generally those that are barely needed, they employ a lot of kids and a lot of retirees.
Raise the minimum wage and get used to a lot more self checkout lanes, more ATM machines, I can just as easily punch my order into a screen at McBurger joints rather than giving it to someone, etc....

I think we need to try to keep it in line with inflation, but that's about it. Raising the bottom rung on the ladder is essentially going to raise every rung on the ladder, everyone pays more all the way around.
 
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Which is a sign of a healthy, growing economy & that's a good thing or at least I was taught it was.

Winner of the race to the bottom gets what?

What is at the bottom that anyone would want to get there?, gotta be something real good if we are willing to exchange our standard of living for what the third world has.
Sorry, I must have missed the memo. I didn't realize that Canada or any of it's inhabitants had any say so what so ever in the policy's of the U.S. This aint a personal bash but, just sayin.
 
Nope you seem to be a pretty normal fellow. You just don't see those who earn less than you, getting more as being a threat to you!
No, but I can tell you what workers DO see, since you seem to be so out of touch.
People who have spent years, money, hard work and schooling, or years of experience, to master their trade or job, rightfully believe their knowledge and experience is worth more per hour then someone who walked in off the street , knowing nothing of the skills needed to perform that job,,,,they are correct.

Why should the unschooled, unskilled, make the same money as the guy who is required to train him? Of course they want more money when those unskilled workers approach their wages!

For you guys to deny that is just very close to lying, or just trolling. Minimum wage is pay for minimum skill,, not experienced people.
 
Care to have a go at the question Butcher. What does the winner of the race to the bottom get?

This evil foreigner, barbarian, Kanuckistanian, invader & a whole lot of other derogatory terms, that you can fill in later, will wait.
 
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Sorry, I must have missed the memo. I didn't realize that Canada or any of it's inhabitants had any say so what so ever in the policy's of the U.S. This aint a personal bash but, just sayin.


FC probably cant read this, after all Canada speaks in French. ( insert sarcasm here)
 
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Well, I must be filthy rich then , cause you could double or even triple minimum wage and I still wouldn't feel all that worried that I'm undercompensated..........
Maybe you are over compensated then?

maybe you should share your pay with the less fortunate underpaid minimum wage worker?
 
No, but I can tell you what workers DO see, since you seem to be so out of touch.
People who have spent years, money, hard work and schooling, or years of experience, to master their trade or job, rightfully believe their knowledge and experience is worth more per hour then someone who walked in off the street , knowing nothing of the skills needed to perform that job,,,,they are correct.

Why should the unschooled, unskilled, make the same money as the guy who is required to train him? Of course they want more money when those unskilled workers approach their wages!

For you guys to deny that is just very close to lying, or just trolling. Minimum wage is pay for minimum skill,, not experienced people.



Well if you are the skilled master of your field and someone making 15 dollars an hour is a threat, there is a problem.
 
Well to quote you "who said that", so far just you.
Yes, I just said that. 5 minutes later, I stand behind it. Around here, that is what 15hr would do to a lot of shops
 
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Well if you are the skilled master of your field and someone making 15 dollars an hour is a threat, there is a problem.
Don't you live in ohio? Lots of people make under 15 bucks an hour here. Lots of them...

I don't care what they do for a living,,,when they get experience at it, they are worth more then the "new guy" starting pay.
 
Well if you are the skilled master of your field and someone making 15 dollars an hour is a threat, there is a problem.
I saw you post hinting that your workers make 18 hr. And you spend thousands on them before they go to the job site. So if the experienced make 18, they won't think the new guy making 15 is too close to their wages?
 
FC probably cant read this, after all Canada speaks in French. ( insert sarcasm here)
Frozen C,,,,,say something in French! :cool:;lol

Don't be nasty, the web has translators
 
I saw you post hinting that your workers make 18 hr. And you spend thousands on them before they go to the job site. So if the experienced make 18, they won't think the new guy making 15 is too close to their wages?


mis interpreted a little, the experienced guys are well above that. For my situation 15 in the door would be OK to see what they have ability wise. We raise the pay fairly quick so a guy with a couple years would not feel threatened because that's where they started. Now if everyone started at 8 dollars an hour and with the new rules a guy started at 15, yes it would cause friction. Each situation is going to have different problems, raising the minimum wage is not going to make people want to work if they do not want to work. Most kids think they are entitled to big money with no experience or knowledge.
 
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Yes, I just said that. 5 minutes later, I stand behind it. Around here, that is what 15hr would do to a lot of shops

That's the source of the issue, (I think) it's not that someone isn't worth $15/hr to start, it's that wages have been beaten down in a lot of sectors to the point where some/many are working for that same wage after they have been there awhile. So really the 15 isn't the problem, the beating down of wages is. Raising the minimum wage will have upward pressure on other wages & that's a good thing. So in time all above that 15 could expect a similar increase. Not right away but in time.
 
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Sorry you will have to wait awhile on the French, I have far too many R rated French words in my normal vocabulary & I have to clean it up to pass the G rating. ;)
 
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That's the source of the issue, (I think) it's not that someone isn't worth $15/hr to start, it's that wages have been beaten down in a lot of sectors to the point where some/many are working for that same wage after they have been there awhile. So really the 15 isn't the problem, the beating down of wages is. Raising the minimum wage will have upward pressure on other wages & that's a good thing. So in time all above that 15 could expect a similar increase. Not right away but in time.

Ding ding ding.....

BINGO


If we want to get philosophical we also have to address the bigger problem. The population keeps growing while more and more labor is eliminated by technology and automation. It easy to just say that if folks don't like a basic wage job they should get educated and move up... Problem is that we can't have a society where everyone is a CEO, doctor, movie star. We just simply don't need 300 million PhD,s to keep a nation of 300 million housed and fed. So what to we do with everyone else?
 
That's the source of the issue, (I think) it's not that someone isn't worth $15/hr to start, it's that wages have been beaten down in a lot of sectors to the point where some/many are working for that same wage after they have been there awhile. So really the 15 isn't the problem, the beating down of wages is. Raising the minimum wage will have upward pressure on other wages & that's a good thing. So in time all above that 15 could expect a similar increase. Not right away but in time.
For some reason, you think there will be no consequences to just raising wages higher. Even the govt studies admit it will cause approx 500,000 jobs lost. Granted, I have slim confidence in govt to know anything,, but you lefties seem to love govt,,so why don't you believe them on this?
 
Inflation will be another result.


I must go,, apple pie and ice cream are waiting.
 
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