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Old 03-21-2015, 03:50 PM   #136
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Too stupid to deserve a response.
You mean too stupid to provide one, don't you?


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Old 03-21-2015, 03:51 PM   #137
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The money comes from the labor of the worker.
Why does the worker need to have a 'crappy employer' if they can make their own money from their own labor?
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Old 03-21-2015, 04:12 PM   #138
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The money comes from the labor of the worker.
You and reality have never meet, have you?
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Old 03-21-2015, 09:28 PM   #139
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The Right casts out the line

and their flock swallow it.....hook, line, and sinker.

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Old 03-22-2015, 12:45 AM   #140
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Wholesale fools abound
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Old 03-22-2015, 04:27 AM   #141
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if the middle class provides jobs then why is your mouth moving. The middle class provides no jobs. Only those with money can provide jobs. GE decided to build a plant in Venzuela to build rairoad units and they showed a 6% profit for the stockholders. those are permanent jobs that left the USA so the poor guy could show a profit,ie, us stockholders.

Higher minimum wage will only help landlords collect more rent. Any sap that thinks otherwise has a problem.
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Old 03-23-2015, 08:43 PM   #142
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GE - HUGE Obama supporter.
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Old 03-23-2015, 08:45 PM   #143
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Wholesale fools abound
And he must be their KING!
Even he can't believe the moronic crap he posts here.
Nobody could be that gullible.
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Old 03-24-2015, 01:32 PM   #144
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On Jan. 1, 2016 the minimum wage in Seattle will go up fifty cents an hour. That means that any full time worker earning minimum wage will have $1040 more in his pocket at the end of the year. How can that not result in more money being spent. The people involved here are not going to put that money in the bank. They are going to buy things for their family that they were unable to buy previously; necessary things.

Raising the minimum wage to $15 (over a period of time) is good. Raising it to $100 is obviously not good. Your claim that anyone thinks it is a good idea is foolish-or dishonest. But, because you should not raise the minimum to $110 an hour, is not a reason to forego raising it to $15 an hour.
You are still missing the point.

The $1040 that goes into the hands of workers COMES FROM SOME VERY SPECIFIC COMPANIES THAT HIRE MINIMUM WAGE WORKERS (like restaurants).

The $1040 that those workers spend gets spread across the entire economy. They don't just spend it back at restaurants.

If that makes sense, next.

If 100 small businesses (restaurants) lose 20K each (2 million) because of higher wages, that's a big deal and leads to layoffs.

If 10,000 other business gain $200 each (2m), it's nothing, and leads to little hiring.

The net is fewer jobs and not as extra much income to workers as you think.

On your other point, I did not say anyone claimed that raising it to $100 was
a good idea. I said if you can agree that $100 would not work (and you seem to), then obviously your model of thinking is flawed. I've been trying to elaborate on why.
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Old 03-24-2015, 01:53 PM   #145
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Wholesale fools abound
They do, and you are one of them.
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Old 03-24-2015, 09:31 PM   #146
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Whatever your head is made of, we need to enclose those flight data recorders.
Not a damn thing on earth can penetrate it.
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Old 03-24-2015, 11:22 PM   #147
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They do, and you are one of them.
Yes, I'm the fool ......
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Old 03-25-2015, 12:23 PM   #148
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has anyone ever noticed that those who have no balls and no pot to piss in and no window to throw it out of, always seem to know how to handle the money of those who do?

and yet.....they won't get off their asses.....
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Old 03-25-2015, 07:23 PM   #149
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You are still missing the point.

The $1040 that goes into the hands of workers COMES FROM SOME VERY SPECIFIC COMPANIES THAT HIRE MINIMUM WAGE WORKERS (like restaurants). Restaurants employ more minimum wage workers than any other industry, but they are far from the only such employer.

The $1040 that those workers spend gets spread across the entire economy. They don't just spend it back at restaurants.
No, but the extra money earned by minimum wage earners in other industries is not just spent in those industries. It is also spent in restauarants.

If that makes sense, next.

If 100 small businesses (restaurants) lose 20K each (2 million) because of higher wages, that's a big deal and leads to layoffs
20K? That figure is meaningless. You simply don't know how much an increase in the minimum wage is going to affect a company.

In Seattle, the minimum wage will go from $10.00 an hour to $10.50 an hour on Jan. 1, 2016. That is an increase of 5%. 5% of labor costs. Not 5% of materials cost. Not 5% of operating costs. (by operating costs I mean things like electricity, heat etc.) Just 5% of one aspect of total costs. Unless all of your employees are minimum wage it is not even 5% of your labor costs.

But how do you recoup those extra costs? You raise your prices by 5%. A ten dollar meal now costs $10.50. A fifteen dollar meal now costs $15.75.
A six dollar banana split is $6.30. Very few people will even notice. Those who do will pay the few cents extra as long as the quality of the food and the ambiance remain what they have come to expect.
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Old 03-25-2015, 07:37 PM   #150
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Originally Posted by mostpost
20K? That figure is meaningless. You simply don't know how much an increase in the minimum wage is going to affect a company.

In Seattle, the minimum wage will go from $10.00 an hour to $10.50 an hour on Jan. 1, 2016. That is an increase of 5%. 5% of labor costs. Not 5% of materials cost. Not 5% of operating costs. (by operating costs I mean things like electricity, heat etc.) Just 5% of one aspect of total costs. Unless all of your employees are minimum wage it is not even 5% of your labor costs.

But how do you recoup those extra costs? You raise your prices by 5%. A ten dollar meal now costs $10.50. A fifteen dollar meal now costs $15.75.
A six dollar banana split is $6.30. Very few people will even notice. Those who do will pay the few cents extra as long as the quality of the food and the ambiance remain what they have come to expect.
Forget it, you still don't understand the point. The actual dollar figures I used were meaningless. I was illustrating a point.

The point is that increased salaries for minimum wages HIT SOME COMPANIES HARD but don't hit others at all.

The increased spending from higher wages does not go back dollar for dollar to the companies that were hit hard. It gets spread around. That is important.

If companies raise prices, it takes wages out of the system because people are spending more for the same thing and have less left to buy other things as a result (net negative).

There's no escaping the fact that the net effect is that some workers are better off, some lose their job, and overall it's a net negative.
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