Minimum wage hike closing Seattle restaurants

[mostpost]

Originally Posted by Clocker

Which immediately brings up the question: where does that money come from?

The favorite lib answers are:

1. the employer was making excess profits and can afford to share them with his employees; and
Too stupid to deserve a response.

2. the "additional" money now in the economy will increase demand and thus increase sales for that employer.
Maybe it doesn't increase demand, but it does change latent demand into active demand; and that does increase sales.

Anyone that has been in any management position in business knows that both those answers are totally unrealistic. Anyone that has run a small business knows that they are insane.

Anyone with a brain knows that no one is going to buy anything if they don't have the money. No matter how much supply you have in your warehouse.

[Clocker]

Originally Posted by mostpost

Anyone with a brain knows that no one is going to buy anything if they don't have the money. No matter how much supply you have in your warehouse.

Where does the money come from?

[mostpost]

Originally Posted by Clocker

He will if he still has a job.

Whose pocket does that money come out of?

Raising the minimum wage does not result in job loss. There are more than sixty studies that prove that.

[Clocker]

Originally Posted by mostpost

Raising the minimum wage does not result in job loss. There are more than sixty studies that prove that.

From the Congressional Budget Office:



https://www.cbo.gov/publication/44995

[Clocker]

Originally Posted by mostpost

The favorite lib answers are:

1. the employer was making excess profits and can afford to share them with his employees; and
Too stupid to deserve a response.

You yourself have stated more than once on this forum that any such increases in costs would be at least partially absorbed by the employer.

You yourself have stated more than once on this forum that employers are not giving employees a share of any increase in profits due to increased productivity.

[HUSKER55]

As robots replace workers, and they will, then these people will have to find jobs or become responsible for themselves in their own endevors.

[Tom]

You seem to be afraid to answer the question....where does the money come from?

Someone loses it. Who?

[HUSKER55]

the evil entraupeneur who had the balls to back is plan.

some whinny ass sittting on the side said "I can do that better" and along comes democrats, libereals and unions to take the company away because he squatted to piss.

God Bless Robots! Ask Lego how that worked out for him.

[Clocker]

Originally Posted by Tom

You seem to be afraid to answer the question....where does the money come from?

And unable to deal with the reality that whoever the money comes from now has less to spend on products and services. Which is to say that an increase in the minimum wage is a government mandated redistribution of wealth, based on the government's idea of what is "fair".

[davew]

Originally Posted by Tom

You seem to be afraid to answer the question....where does the money come from?

Someone loses it. Who?

You do not understand the Democrat/Socialist/Communist model, which through decisions that are best for the future ends up 'making' money for everyone.

[GaryG]

An employer is under no moral obligation to share increased profits with workers. Capitalists are in business for only one reason, to make money. They are the ones with the foresight to establish the business and who are taking all of the risks. Employees agree to work for a certain salary and that is it. A bonus at Christmas would be a good idea after a good year, but not wholesale raises.

[AndyC]

Originally Posted by GaryG

An employer is under no moral obligation to share increased profits with workers. Capitalists are in business for only one reason, to make money. They are the ones with the foresight to establish the business and who are taking all of the risks. Employees agree to work for a certain salary and that is it. A bonus at Christmas would be a good idea after a good year, but not wholesale raises.

Individually doesn't everyone act like a business owner? People work to make as much money as they can for themselves.

[mostpost]

Originally Posted by Tom

You seem to be afraid to answer the question....where does the money come from?

Someone loses it. Who?

The money comes from the labor of the worker.

[Clocker]

Originally Posted by mostpost

The money comes from the labor of the worker.

So your argument here is the one liberals were accused of using, and which you rejected as too stupid to respond to:

the employer was making excess profits and can afford to share them with his employees

Because if you argue that the money comes from the labor of the worker, then the worker is not being paid fairly for his labor now and the employer can afford to pay him more.

[Tom]

Originally Posted by GaryG

An employer is under no moral obligation to share increased profits with workers. Capitalists are in business for only one reason, to make money. They are the ones with the foresight to establish the business and who are taking all of the risks. Employees agree to work for a certain salary and that is it. A bonus at Christmas would be a good idea after a good year, but not wholesale raises.

Good point.
Employees sell their services.
Should the owners pay more for hamburger or buns because they make a profit? Work from unskilled labor is no different than ketchup or napkins.
If you want to make a living wage, provide a living contribution for it.

Most people are not worth $10 an hour, half not worth $5. 25% should be in prison.