It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
originally posted by: Klassified
They also tend to have a higher cost of living. Which goes up each time the minimum wage increases.
originally posted by: igor_ats
originally posted by: Klassified
They also tend to have a higher cost of living. Which goes up each time the minimum wage increases.
That's the problem right there.
Some shadowy puppet master pulling the strings, "oh can't have poor ppl have a decent life. Let's magically and for no reason raise the cost of living so they stay in that hole."
Why should the cost of living magically rise the moment minimum wage rises. It's complete #.
originally posted by: OccamsRazor04
You have a store where you make a product and sell it. Your expenses are $900 and you sell the product for $1000.
Workers get a wage hike and now your expenses are $975. Are you still selling the item for $1000? If so you just lost 75% of your profits.
So what you do is sell the item for $1075. When everyone gets a wage increase, all goods have to increase. This means cost of living increases. It's a fairly simple concept to understand.
originally posted by: OccamsRazor04
Altering wage affects all wages above it, so altering the wage of those at the very bottom also increase the wages of every other pay scale.
originally posted by: igor_ats
originally posted by: OccamsRazor04
Altering wage affects all wages above it, so altering the wage of those at the very bottom also increase the wages of every other pay scale.
I don't believe that for a second. Sauce?
originally posted by: OccamsRazor04
As I proved in the other thread, the States with high minimum wages are slow to recover economically, and have much higher unemployment.
The 13 U.S. states that raised their minimum wages at the beginning of this year are adding jobs at a faster pace than those that did not, providing some counter-intuitive fuel to the debate over what impact a higher minimum has on hiring trends.
Many business groups argue that raising the minimum wage discourages job growth by increasing the cost of hiring. A Congressional Budget Office report earlier this year lent some support for that view. It found that a minimum wage of $10.10 an hour, as President Obama supports, could cost 500,000 jobs nationwide.
originally posted by: OccamsRazor04
originally posted by: igor_ats
originally posted by: OccamsRazor04
Altering wage affects all wages above it, so altering the wage of those at the very bottom also increase the wages of every other pay scale.
I don't believe that for a second. Sauce?
You really need a source? You can't figure that out? As I just showed you, if $8 is min. wage, and I get offered a job with extra responsibility for $9 an hour, who would ever take that job once min. wage is increased to $9. Or do we keep increasing minimum wage salaries so that burger flippers are making the same amount as managers?
The other logical conclusion that should not need a source is the fact that most of these people who would benefit are not even poor people.
originally posted by: Elton
originally posted by: OccamsRazor04
As I proved in the other thread, the States with high minimum wages are slow to recover economically, and have much higher unemployment.
I did not see your other thread, did you somehow refute the current articles that show different?
philly.com US states with higher minimum wages gain more jobs
The 13 U.S. states that raised their minimum wages at the beginning of this year are adding jobs at a faster pace than those that did not, providing some counter-intuitive fuel to the debate over what impact a higher minimum has on hiring trends.
Many business groups argue that raising the minimum wage discourages job growth by increasing the cost of hiring. A Congressional Budget Office report earlier this year lent some support for that view. It found that a minimum wage of $10.10 an hour, as President Obama supports, could cost 500,000 jobs nationwide.
I thought it would hurt the states, but so far those that raised min. wage are doing well.
For all of 2010, the states with the best net reading of job hiring minus job firing reports were:
North Dakota (+ 29)
D.C. (+25)
South Dakota (+21)
Alaska (+19)
Arkansas (+17)
originally posted by: igor_ats
originally posted by: OccamsRazor04
originally posted by: igor_ats
originally posted by: OccamsRazor04
Altering wage affects all wages above it, so altering the wage of those at the very bottom also increase the wages of every other pay scale.
I don't believe that for a second. Sauce?
You really need a source? You can't figure that out? As I just showed you, if $8 is min. wage, and I get offered a job with extra responsibility for $9 an hour, who would ever take that job once min. wage is increased to $9. Or do we keep increasing minimum wage salaries so that burger flippers are making the same amount as managers?
The other logical conclusion that should not need a source is the fact that most of these people who would benefit are not even poor people.
Yes I do need a source and don't dodge your original statement about all pay scales also having to increase.
I don't believe the manager will be sweating because the burger flipper got an extra dollar because the law increased the minimum wage and they didn't. Nor would I see it as "necessary" for the company to do so. The person earning 2 dollars over the minimum wage either gets screwed or gets an increase.
The much higher earners probably don't even care and I don't think the company would be required or think it necessary to increase their wages. So yes, I am fully prepared to be wrong, so a source would be nice.
originally posted by: Elton
I thought it would hurt the states, but so far those that raised min. wage are doing well.
originally posted by: OccamsRazor04
Seriously if you need a source for what is basic logic then there is no point in discussing this with you further.
If people were willing to do those jobs for min. wage they would not be $2 over min. wage.
When a burger flipper with zero job responsibility makes the same as I do, I will quit and become a burger flipper.
There is a reason jobs make more than min. wage, it's a hierarchy. Any time you raise the bottom it will have a ripple effect through the rest. If you think no one will get a pay increase except min wage workers you are mistaken.
originally posted by: tovenar
a reply to: igor_ats
Well, less than FOUR PERCENT of all full-time US workers are paid the minimum wage.
Source: Bureau of Labor and Statistics
So, if a minimum wage increase doesn't affect anyone in the tiers above the bottom 4%, then it's pretty irrelevant as an economic policy, isn't it? The Democrats call for a minimum wage increase for these 4% precisely because they claim it will cause pay to increase further up the food chain.
If not, then minimum wage increase is irrelevant, and we can dispense with it for that reason.
originally posted by: igor_ats
originally posted by: tovenar
a reply to: igor_ats
His argument it's every pay-scale from bottom to top. Which I don't believe.
Also where have the dem's said this specifically regarding the much higher earners?
See how raising the minimum wage will help American workers from all types of households.
originally posted by: tovenar
See how raising the minimum wage will help American workers from all types of households.
All means all.