$15 minimum wage reality

[SaviorSelfJT]

yeah because doing a few months of filming is worth 20 mil. brb becoming an actor.

Do it. SRS

[SkylineCrash]

Why stop there. Take out all luxuries. Why not just distribute money equally among the entire population, regardless of their value? Everyone will be happy, right

dude, you're full on ****ing retarded.

you're ****ing retarded. he doesn't mean that there shouldn't be wealth inequality (that would be socialism). but rather the GAP NEEDS TO BE SMALLER. GO LOOK UP THE ****ING STATISTICS ABOUT THE WEALTH GAP YOU ****ING IDIOT AND TELL ME THAT IT ISN'T WRONG

Do it. SRS

lol fuk no i would suck

[PatheticPeter]

You are a complete retard if you think anyone "deserves" millions or billions, and this is why these threads will get nowhere.
You think you may one day be one of these people (or maybe you already are) and thus why you are protecting the interests of these people.

The reason there are people in poverty is because of labor exploitation and the highest earnings taking a disproportionate portion of wealth.

I'd rather live in a world with no Ferraris if it meant a better life for the population, but that is the difference between you and I.
You would rather live in a world where you drive in a Ferrari and laugh at everyone else.

No, i would live in a world where people are paid how much theyre worth.

Need someone to be the next elon musk? Maybe theres 2 guys on the planet right now.

Need someone to sweep the streets? 6 billion people can do that.

Which one do you think should get paid more?

Do you think warren buffet got rich by exploiting labor?

[SkylineCrash]

No, i would live in a world where people are paid how much theyre worth.

Need someone to be the next elon musk? Maybe theres 2 guys on the planet right now.

Need someone to sweep the streets? 6 billion people can do that.

Which one do you think should get paid more?

Do you think warren buffet got rich by exploiting labor?

again, no one is saying that they don't deserve more; its just how much more they are worth. and lets be real, a lot of really rich folk don't create value for the world.

[PatheticPeter]

yeah it is possible but would probably be more expensive all across the board (for consumers, amazon, and food suppliers)

instead of going out of business they can:

-redistribute store wealth a little bit (managers get a bit less)
-raise prices of goods
-hire a few less workers
-find ways to cut costs
-inflation would help close the gap between current minimum wage and $15 minimum wage
-etc

if an employer does many little things, then they could probably afford to still stay in business. they would just need a reform of sorts.

That manager would leave for a better paying job elsewhere.
the store is already hiring as few people it can, which store hires people to just stand around?
You dont think the store has cut every cost it could aready?

This whole "lets take a hit together" concept is nice and all, but it hasnt worked since the beginning of time. Its against laws of nature.

[Jasonw1178]

This is what is going to happen in all reality. Lets say you have worked your way up the ranks and now make $15/hr while min wage is $7.25. They pass the $15/hr min wage, and now suddenly the unexperienced new hires are getting paid what you are getting paid, are you going to continue to work for $15/hr? Are you going to do the harder work, take more responsibility, be held at a higher standard, have more taken out of you for the same pay?

[suave2000]

That old fart nutsy54 got REKT harD!!!!!

[BioDiver]

As I've said in other threads, yes, minimum wage needs to be increased, but almost doubling it is too much too fast.

Brb, more automation
Brb, more layoffs and/or higher prices
Brb, companies move out of higher minimum wage areas
Brb, Pedro, pero no se habla Ingles, gets pulled from across the border to start doing minimum wage work for under the table pay (it's already happening in Texas, New Mexico, Florida, and California with current minimum wage)

[PatheticPeter]

again, no one is saying that they don't deserve more; its just how much more they are worth. and lets be real, a lot of really rich folk don't create value for the world.

Actually just about all rich people create value. How do you think they got rich in the first place?
they sold some good or service people were willing to pay for because it was something they couldnt get elsewhere for less.

[SkylineCrash]

That manager would leave for a better paying job elsewhere.
the store is already hiring as few people it can, which store hires people to just stand around?
You dont think the store has cut every cost it could aready?

This whole "lets take a hit together" concept is nice and all, but it hasnt worked since the beginning of time. Its against laws of nature.

well if the $15 minimum wage is passed, then everyone will be FORCED to take a hit together

[Tears]

again, no one is saying that they don't deserve more; its just how much more they are worth. and lets be real, a lot of really rich folk don't create value for the world.

And I guess it's up to guys like you to decide how much they are worth, not the market.

[FearNoHardship]

how this affects people is going to depend on industry.

i think in the food and service industry where there is huge competition. it may actually cut into profits because they have more pressure to keep prices low.

others that don't have competition will just raise prices.

is this fixed to rate of inflation?

[SkylineCrash]

Actually just about all rich people create value. How do you think they got rich in the first place?
they sold some good or service people were willing to pay for because it was something they couldnt get elsewhere for less.

building some chitty SAAS company then selling it for millions isn't what I would consider value; they don't create value for the human race. scientists/engineers do. many rich people just play the game and try to win but the true value makers think beyond the game. in my opinion.

[SaviorSelfJT]

Actually just about all rich people create value. How do you think they got rich in the first place?
they sold some good or service people were willing to pay for because it was something they couldnt get elsewhere for less.

Well to be fair a lot of people get rich by exploiting some government program or policy, and they do not create value and indeed destroy value.

Think of the for profit schools.

[gilesmiles1]

No, i would live in a world where people are paid how much theyre worth.

Need someone to be the next elon musk? Maybe theres 2 guys on the planet right now.

Need someone to sweep the streets? 6 billion people can do that.

Which one do you think should get paid more?

Do you think warren buffet got rich by exploiting labor?

Not really an argument, since you if that were true you would just extract, say, 10k dollars a year from everyone, regardless of income. Can't pay, tough, debtors prison for you. Look up 'progreesive' and 'regressive' taxation

Agreed, although of course few of the very wealthiest are actually innovators or genuine entrepreneurs. Most are private equity/hedge fund strategists, making money purely for themselves and a very small cabal of investors

I'm sure they can

No one is arguing against that..OF COURSE there has to be a degree of wage inequality

Actually, yes he most certainly does/did. Do you know how private equity works? Cliffs: look for value in a business, which is essentially getting fewer people to do more work for less money.


pathetic peter is pathetic.

[PatheticPeter]

well if the $15 minimum wage is passed, then everyone will be FORCED to take a hit together

You cant force anyone to pay if they dont have the money.

What part of that dont you get? the store will go out of business because its labor cost just doubled, and the customers wont pay for that stores product because its too expensive.

If the store needs 4 employees to function, and it can only afford 4 at 7.50/hr, and the wage is raised to 15, the store would shut down and you would now have 4 people making 0/hr.

Think a little.

Youre 19, have you ever had a job?

[PatheticPeter]

building some chitty SAAS company then selling it for millions isn't what I would consider value; they don't create value for the human race. scientists/engineers do. many rich people just play the game and try to win but the true value makers think beyond the game. in my opinion.

If it was so chitty, why didnt you make it? Why did someone pay that money to him? Why is paypal still raking it in if its schitty?

[SkylineCrash]

You cant force anyone to pay if they dont have the money.

What part of that dont you get? the store will go out of business because its labor cost just doubled, and the customers wont pay for that stores product because its too expensive.

If the store needs 4 employees to function, and it can only afford 4 at 7.50/hr, and the wage is raised to 15, the store would shut down and you would now have 4 people making 0/hr.

Think a little.

Youre 19, have you ever had a job?

if they want to survive as a business, they would do whatever they could to do so. if not, they have to close down. simple as that.

yes i have had a job. you're 12, have YOU every had a job?

[Xplicit_Mindz]

"mighty angus"

[PatheticPeter]

Caveat Emptor. If the school has zero merit, and you dont do your due dilligence, jakes on you.

Fool and his money..

If the college misrepresented something, then they should be prosecuted by law and money should be confiscated for sure.

[SkylineCrash]

If it was so chitty, why didnt you make it? Why did someone pay that money to him? Why is paypal still raking it in if its schitty?

paypal actually has a use, you can transfer money easily; most SAAS companies don't. they try to find a hole in the market that doesn't exist since all the good ideas are basically taken.

and i didn't make it because i was around ****ing 2 years old when it was created you dumb ****.

[gilesmiles1]

Actually just about all rich people create value. How do you think they got rich in the first place?
they sold some good or service people were willing to pay for because it was something they couldnt get elsewhere for less.

full retard, even Forbes says so:

http://www.forbes.com/sites/erincarl...iest-get-rich/

Cliff since you are so intellectually lazy, twice as many fund managers are billionaires as anyone with a tech company, and internationally just as many make money from real estate. Inventing and producing precisely nothing, just paying people less to do it more efficiently

[SaviorSelfJT]

Caveat Emptor. If the school has zero merit, and you dont do your due dilligence, jakes on you.

Fool and his money..

If the college misrepresented something, then they should be prosecuted by law and money should be confiscated for sure.

Jakes on the taxpayer. They are the ones bankrolling these scam colleges, not the students.

[PatheticPeter]

if they want to survive as a business, they would do whatever they could to do so. if not, they have to close down. simple as that.

yes i have had a job. you're 12, have YOU every had a job?

So you think its better to have 0 employed at 15/hr than 4 employed at 7.50/hr?

[0thersid3]

so many econ 101ers in here

idk how you guys keep overlooking the fact that there are a million illegal immigrants in LA and how they affect min wage employment dynamics

[Curlzbrah]

Your argument is invalid. We've had them in Europe for 5+ years now, with many countries not having introduced minimum wages at all. Anyways, I guess cost of labor in Europe is generally higher due to high taxes and social security contributions on the employer-side.

[MrMcgaw]

I like how we pretend the "free market" means people are paying what things are worth.
The free market determines what price is the most profitable, not what something is worth.
If you were paying what something was worth, there would be no profit.

While $15 an hour is an appropriate minimum wage in certain cities, it is not appropriate as an end-all wage for our entire country, min wage should be at least 10$ an hour, if not 12$ an hour.

tbh, free market economy works in favor of business owners and corporations, not in the favor of the public.
Without unions and workers holding power, the public just gets chit on, like it is currently.

You have 0 economic intellegence. Please pack up your keyboard.
The reason a free market has profit is because without profit we would be nomads.
Profit is there because person A is a farmer and person B is a cobbler. If person A wants shoes he has to: buy from B at a cost above materials from B to make it worth his time, or B make them himself. But hes a farmer and makes ****ty shoes just like the farmer makes ****ty food. Profit allows your time to become valuable when trading for a good that you require.
Your thinking of communism which is not a free market. Its a command economy

[SkylineCrash]

So you think its better to have 0 employed at 15/hr than 4 employed at 7.50/hr?

lol it would actually be 2 people employed at 15/hr. potentially 3 if they do what i said in an earlier post.

oh and i don't necessarily agree with 15 wage. but i do think the minimum wage should be increased more.

[PatheticPeter]

Not really an argument, since you if that were true you would just extract, say, 10k dollars a year from everyone, regardless of income. Can't pay, tough, debtors prison for you. Look up 'progreesive' and 'regressive' taxation

Agreed, although of course few of the very wealthiest are actually innovators or genuine entrepreneurs. Most are private equity/hedge fund strategists, making money purely for themselves and a very small cabal of investors

I'm sure they can

No one is arguing against that..OF COURSE there has to be a degree of wage inequality

Actually, yes he most certainly does/did. Do you know how private equity works? Cliffs: look for value in a business, which is essentially getting fewer people to do more work for less money.


pathetic peter is pathetic.

If everyone can do what these people do, how come theres so relatively few of them doing it?

Your terms like "cabal and "exploitation" make it seem like you take this wage inequality as some kind of personal issue, rather than a fact of life.

Did some rich guy bang your gf while you served him his fries?

[PatheticPeter]

lol it would actually be 2 people employed at 15/hr. potentially 3 if they do what i said in an earlier post.

Did you not read the part where i said the store needs 4 people to function?