Originally Posted by woj (Post 19536757)

I think you are misunderstanding what "worker productivity" is... it's simply "output"/worker... so for example: lets say a business produces 1000 widgets/year and employs 10 people then productivity = 100 widgets/person/year

now lets say, the employer invests his hard earned $$ to buy a newer/better machine, with this machine output doubles to 2000/year... so productivity jumps to 200...

so with the logic that Elizabeth Warren proposed, the worker should now be paid double? that's ridiculous...:2 cents:

Originally Posted by IllTestYourGirls (Post 19536781)

Funny how in South Africa minimum wage was used as a tool to make sure blacks could not get a job. Want less blacks to get a job? Just increase the minimum wage. The FDR knew that and implemented the minimum wage. :321GFY

Originally Posted by tony286 (Post 19536724)

yep and at Walmart I was reading it takes 6 yrs to go from min wage to $10 an hour. 9 out of 10 min wage workers are over 20 yrs. I never see some high school kid working at McDonald or Walmart. I see people in their 20's and older. Paying those people min wage costs you money as a tax payer its below the poverty line so they get gov benefits. So its costs you money. And its not like well they work so they get less, they dont. Cost of goods for raising min wage is 4 cents for McDonald and I was around when it went from $5 to $7 . No mass firings and prices didn't go up thru their roof.
But lets look at this as only about ourselves, if you sell products be it porn, penis pills, personals or lattes at starbucks. If consumers dont have money they cant consume and you are fucked. When some guy is getting out of college with a 4 yr degree to make $10 an hour and 60k in debt. He isnt consuming anything and as a business owner you should find that a very serious matter.
A rising tide raises all boats...
PS: also before commenting on the link actually take the time to look at it.

Originally Posted by Gozarian (Post 19536500)

You again, plua mea. Ce dracu, you are permanently on ignore. But I will blindly humor you.

Minimum wage laws do exactly what they are intended to do - namely elect and re-elect politicians who promote the regulation.

Politicians work to benefit their supporters (e.g. unions in your neck of the woods). Never underestimate the ability of a politician to know which side his bread is buttered.

They are, of course, aided by the village idiots (i.e. bleeding heart and self anointed intellectuals) who promote these ideas. But even these people are only espousing their beliefs in their own self interest. For example, you can't sell an economics book to government schools unless it promotes the beliefs that government employees hold dear.

There are those who get sucked into the fallacious arguments, and these people occasionally show up in the comment sections of websites such as these.

But as always, follow the money (and power) to understand the real motivations of those that create the laws.

Originally Posted by PornoMonster (Post 19537444)

when Min wage is raised, people making more than that already take a PAY CUT, because most of the time their wage isn't raised.

Originally Posted by Populace (Post 19539716)

Raise the cost on the businesses, the costs of goods go up. Its that simple.

Originally Posted by Populace (Post 19539716)

Typical anti-business Democrat, who has openly said numerous socialist and communist ideal's were 'great ideas'.

Originally Posted by Nicky (Post 19539722)

Min wage here in Sweden is around $15 an hour but ofc taxes are higher and everything is more expensive.

Originally Posted by Some Guy (Post 19536516)

Raising the minimum wage only leads to inflation. Pay somebody more and the shopkeeper will just raise his prices. It's simple economics.

Originally Posted by PornoMonster (Post 19536633)

We are forced to increase productivity, to KEEP our jobs...

Originally Posted by Nicky (Post 19539722)

Min wage here in Sweden is around $15 an hour but ofc taxes are higher and everything is more expensive.

Originally Posted by GrantMercury (Post 19539745)

Yeah. To simpletons. :thumbsup

There couldn't possibly be anything more to stimulating the economy than lowering costs on businesses, right?

Originally Posted by GrantMercury (Post 19539745)

Typical dumbass who falls back on words he only vaguely understands rather than actually engaging the ideas presented.

I'm not anti-business. I'm anti-greed. I'm anti-crony capitalism. And I'm pro-worker (you know, the ones who actually do the work).

Originally Posted by GrantMercury (Post 19539710)

No. If anything, when the minimum wage is increased, jobs paying more than minimum ALSO end up paying more eventually, because minimum is the floor.

What raising the minimum wage will do, is take a handful of coins out of the overflowing coffers of corporate America, and put them in the hands of the workers.

That's the only reason why the Repiggies hate it.

http://theunboundedspirit.com/wp-con...ey-greedy1.jpg

Originally Posted by PornoMonster (Post 19540277)

Well in the REAL world, and most jobs I have had, it has NOT Happened that way every time Min wage was raised...

Does that mean ALL Companies, NOPE.

Keep Dreaming, we have a Contract coming up with a Big Company UPS. Let's see what they do..

Originally Posted by CampHost (Post 19540222)

I'm all about that...

Pay people 22.00 a hour and welfare, foot stamps, medicaid, etc. will be damn near a thing of the past. Folks that work would then do MUCH better than folks that sit on large ASSes. Right now it don't pay for poor people to work.

Originally Posted by Populace (Post 19540100)

You seem pretty angry at me pointing out she's the typical socialist Dem... One can only assume you agree with her.