Minimum wage increases
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Hell, I'm glad someone agrees with me. I was starting to think I was the retarded one
GuesSAngel
Well-Known Member
U2K Tha Greate$t
Banned
I'm not trying to argue anything, i'm just having a friendly discussion on world events.
Anyway, dt3 let me say it this way.
Minium wage has been down everywhere, for years and years and years and years and yet products are not only becoming more expensive, but more people are becoming poor. Also, rich people are becoming richer.
But yet, you say if the minimum wage goes up/higher, things will become more expensive and people will make more profit.
Ok, please care to explain to me, because from what i can see, things are already more expensive, and it been that way for a very very very very long time, and yet minimum wage never goes up.
You know what people say or tell me " Sir, our checks are becomimg smaller, but everything is going up, health care, rent, etc. You say capitalism and economics, i say the goverenments of this world are a joke and like most people, nobody really gives a damn about anyone, but thierself.
Anyway, dt3 let me say it this way.
Minium wage has been down everywhere, for years and years and years and years and yet products are not only becoming more expensive, but more people are becoming poor. Also, rich people are becoming richer.
But yet, you say if the minimum wage goes up/higher, things will become more expensive and people will make more profit.
Ok, please care to explain to me, because from what i can see, things are already more expensive, and it been that way for a very very very very long time, and yet minimum wage never goes up.
You know what people say or tell me " Sir, our checks are becomimg smaller, but everything is going up, health care, rent, etc. You say capitalism and economics, i say the goverenments of this world are a joke and like most people, nobody really gives a damn about anyone, but thierself.
Maybe that's where you don't understand me. When I talk about raising prices to keep profits the same, I'm talking about companies making the profit. Not the people.
IntruderLS1
Active Member
The only people who REALLY get screwed by a minimum wage increase are the people who worked through that stage, and are now just above it. LOL They busted their butts to get someplace, but now they're at minimum wage again, and prices in the economy WILL adjust to reflect more income in the market.
Supply and demand.... It's a law of physics.
Supply and demand.... It's a law of physics.
minimum wage has done nothing but go up in Oregon since I can long before I can remember...
Also, what you're describing about poor getting poorer and rich getting richer isnt based on the government, it's based on the US capitalist economic system.
Someone who works at a minimum wage job all their life is of course going to be less well off than someone who actually works to better themselves and their career. That's simple.
As for the rich getting richer, thats basic capitalism at work. If someone has a great idea and they make a large amount of money from that idea, under our system they are fully entitled to the money they earned and are not obligated to share it. And I don't see a problem with that.
The surge in higher prices is also related to the increase in gas prices. As gas prices go up, shipping and transportation of goods also spikes, and that increase is reflected on the store shelves to consumers in the form of higher prices for... well... everything.
and I think that just about covers it.
TheOriginalJames
Well-Known Member
Lets see if I can clarify something here.
It takes two people 1 hour to make X product. These two people make 10 dollars an hour.
Including; research, development, manufacturing, transportation and marketing, the cost to actually put the product on the shelf is $100 dollars.
Stores who (lets say) buy this product for $150 dollars from the manufacturer, is going to charge $200 dollars.
Ok. So now we have the STORE making an extra 50 dollars (which some of this income turns into pay for it's employees), the manufacturer profiting 50 dollars and the two people putting product X together at the plant making their wages and going home happy.
This is how economics works. The Manufacturer and store selling the merchandise are making PROFIT. Profit = capital which allows for more advertising.
Now lets say that minimum wage goes up, and the store has to raise it's employees wages from 5.15 an hour to 7.50. The store now has to raise it's prices to make that 50 dollar profit from X product.
In the end it's good to help people at the store put more food on the table.
U2K Tha Greate$t
Banned
I'm still reading bs. You guys are looking at this from a world viewpoint, try looking at it from reality. The fact is, minimum wage is a joke, people are working thier asses off for pretty much nothing, and at the same time everything is up, rent, bills, housing, etc/products, people in goverments/offices/ is getting [SIZE=-1]salary's increases, and the list goes on.
I know how the business world works, and i damn sure know how the world works. People can sell thier sh** at very low prices/or at a reasonable / respectful price and still make plenty of profit/money for the company, while at the same time pay those hard works/or workers in general around 7.50 or 9 an hour and everyone will be happy.
But see, this is not reality, because there are too many greedy people in the world. I'm not rich, but i am very wealthy only because i had a very hard time coming up. So i'm not worry, because i will take care of what needs to be taken care of.
Peace, end of discussion.
[/SIZE]
I know how the business world works, and i damn sure know how the world works. People can sell thier sh** at very low prices/or at a reasonable / respectful price and still make plenty of profit/money for the company, while at the same time pay those hard works/or workers in general around 7.50 or 9 an hour and everyone will be happy.
But see, this is not reality, because there are too many greedy people in the world. I'm not rich, but i am very wealthy only because i had a very hard time coming up. So i'm not worry, because i will take care of what needs to be taken care of.
Peace, end of discussion.
[/SIZE]
TheOriginalJames
Well-Known Member
You have a point, prices go up... because companies get greedy and need a bigger profit, BUT at the same time you can't state that prices go up just because they can. It's not just wages that companies need to cover, it's other costs.
If you read BS from my previous post, then you have absolutely NO clue how the business world works.
If you read BS from my previous post, then you have absolutely NO clue how the business world works.
U2K Tha Greate$t
Banned
Yes i am fully aware of that. But that is only to some degree. Dont fall for what they make you believe lol. Those other costs, is really the boss driving around in his new BMW.
So I shouldn't trust "them" but I should believe you?
TheOriginalJames
Well-Known Member
Don't give me that BS. If you were the CEO of a company YOU would do the same damn thing.
If I was the CEO of a large company I would do the same damn thing.
Why the hell would I start a company where I can control everything and NOT want to line my pockets? Whether it be for greed, my childrens future welfare, or for other causes?
You're all pissed that these owners are making money off selling a product; don't buy it.
Sell that computer back to Dell, or gateway, stop using that Windows or Firefox OS, stop driving your car, stop buying products you use everyday.
If you're really that pissed that others make money by selling a product that people want or need, then go live in a cave and hunt your own animals.
It's people like you who really piss me off. Complain, bitch and whine, but continue to use and do exactly what you're complaining about. I have no problems with the fact that I bought a desktop for 2000 and a laptop for 600 and ended up paying about 3500 for them combined through finance. I helped a company stay afloat so they can bring a product that I want.
Saying that raising the Federal minimum wage will increase costs of products and services is an over simplified look at economics. Sure, in a 1 to 1 ratio, if you raise the wage of workers, it will raise the cost proportionately. But this doesn't work in a real world model, there are many more factors to consider. The raising of the min wage only affects the people at the very bottom. These workers only account for a very small portion of the costs for that company. The is MUCH greater costs in the pay of the next tier of workers and up, middle management and even upper management. These are the workers that cost the companies the majority of the annual costs. Because it is with these workers that bonuses, vacation, medical, dental etc. that are also paid by the companies.
It would be the same as if my company had to pay more for the screws we use to build our cabinets. Sure it adds cost, but it's not that much in comparison to the more expensive items we use and the labor we pay for and all the rest of the costs associated with the cabinet. So for us, the extra cost would be absorbed into the bottom line without an increase in price.
Now I know that this model doesn't fit all companies. But it does for the medium to large companies.
It would be the same as if my company had to pay more for the screws we use to build our cabinets. Sure it adds cost, but it's not that much in comparison to the more expensive items we use and the labor we pay for and all the rest of the costs associated with the cabinet. So for us, the extra cost would be absorbed into the bottom line without an increase in price.
Now I know that this model doesn't fit all companies. But it does for the medium to large companies.
IntruderLS1
Active Member
While I agree with you that this example is massively over simplified, I also view the economy as a massive matrix of over simplified, interacting principals.
The U.S. economy is too large, and too robust to really be crippled by any small number of events. We lost the entire Gulf Coast for the better part of a year, and nobody noticed. (economically)
So while I think both sides of this argument are technically correct, I stand by my earlier statement of who is really getting screwed.
The U.S. economy is too large, and too robust to really be crippled by any small number of events. We lost the entire Gulf Coast for the better part of a year, and nobody noticed. (economically)
So while I think both sides of this argument are technically correct, I stand by my earlier statement of who is really getting screwed.
BreakfastSurreal
Well-Known Member
WOW this thread totally made me put on my LOLLERSKATES and jump in my ROFLCOPTER! Some people need to go read a basic high school economics book. lol
Peter Parka
Well-Known Member
$5.85 minimum wage??? Thats descusting!!! Ours in twice that and I still think its shit!
Thats descusting!!! Ours in twice that and I still think its shit!
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