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Raise the minimum wage, we slow hiring: Businesses
CNBC ^ | Wednesday, 19 Mar 2014 | CNBC.com staff

Posted on 03/19/2014 12:06:12 PM PDT by xzins

Edited on 03/19/2014 12:09:08 PM PDT by Admin Moderator. [history]

The great division among businesses and economists over the impact of raising the minimum wage rages on. More than half of all businesses who pay minimum wage say they would significantly slow their hiring if the federal wage is raised to $10.10 per hour, according to a new survey from a staffing firm that was cited by The Wall Street Journal.


(Excerpt) Read more at cnbc.com ...


TOPICS: Extended News; News/Current Events
KEYWORDS: hiring; minimumwage
Those businesses have a big turnover in workers. If they slow hiring, they don't have to look like the bad guys for firing people. They just don't replace them.

I'm betting that 6 months for an employee is a long time, and a year is an old hand.

So, the plan is to get the same work out of a reduced work force that's still below 30 hours a week due to ObamaCare requirements. They'll be working hard for the 290 dollars a week.

1 posted on 03/19/2014 12:06:12 PM PDT by xzins
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To: All

Wonder if they’ll do the same with salaried help that Obama plans to increase overtime pay for.


2 posted on 03/19/2014 12:07:16 PM PDT by xzins ( Retired Army Chaplain and Proud of It! Those who truly support our troops pray for victory!)
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To: xzins

“Raise the minimum wage, we slow hiring”

Zer0. “That’s the plan!”


3 posted on 03/19/2014 12:08:23 PM PDT by Vaquero (Don't pick a fight with an old guy. If he is too old to fight, he'll just kill you.)
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To: Vaquero
Zer0. “That’s the plan!”

If nobody has a job, then the unemployment rate is Zero...if they've gotten discouraged and not looked for a job the past month.

One of the strangest statistics in history is the unemployment rate stat that rewards not having a job as if everyone had a job. Even Orwell would be surprised at that one.

4 posted on 03/19/2014 12:10:51 PM PDT by xzins ( Retired Army Chaplain and Proud of It! Those who truly support our troops pray for victory!)
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To: xzins
Raise the minimum wage, we slow hiring: Businesses

Of course. Any Econ 101 flunky knows that, except of course the demagogues in D.C. Minimum wage is an artificial economic floor that disrupts supply and demand, artificially forcing higher costs and therefore higher prices and less supply of jobs, good, and services. THE MINIMUM WAGE IS A DISASTER and creates poverty like all Socialist programs.

5 posted on 03/19/2014 12:13:28 PM PDT by PapaNew
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To: xzins

I would correct that to:

~~~One of the strangest statistics in history is the unemployment rate stat that REPORTS not having a job as if everyone had a job.~~~


6 posted on 03/19/2014 12:13:35 PM PDT by F15Eagle (1Jn4:15;5:4-5,11-13;Mt27:50-54;Mk15:33-34;Jn3:17-18,6:69,11:25,14:6,20:31;Ro10:8-11;1Tm2:5-6;Ti3:4-7)
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To: xzins

Read the comments and destroy your faith in the nation’s survival.


7 posted on 03/19/2014 12:14:04 PM PDT by Crazieman (Are you naive enough to think VOTING will fix this entrenched system?)
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To: xzins

When the government mandates a minimum wage, or any other form of business expenditure, the effect does not fall solely on hiring and firing.

Any dollar that is now spent on entry level personnel is a dollar not available for:

— adding to the salary of journeyman employees
— adding to the salary of senior employees
— buying new product materials
— improving product materials
— advertising
— paving the parking lot
— fixing the gutters
— a thousand other things, best decided on
by the owner and management, not the government


8 posted on 03/19/2014 12:14:18 PM PDT by mbarker12474
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To: xzins

It’s part of the plan. Being a third world nation is part of the plan.

“The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation.”
Vladimir Lenin (and most definitely zer0)

Its part of the big Zer0bama conspiracy to destroy out system of government.


9 posted on 03/19/2014 12:17:34 PM PDT by Vaquero (Don't pick a fight with an old guy. If he is too old to fight, he'll just kill you.)
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To: PapaNew

“Of course. Any Econ 101 flunky knows that, except of course the demagogues in D.C.”

I did explain that to my macroeconomics prof who was a libtard. It took argument after argument before he finally reneged. What can you do if the entire faculty are a bunch of commie bastards..


10 posted on 03/19/2014 12:18:16 PM PDT by max americana (fired liberals in our company last election, and I laughed while they cried (true story))
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To: xzins

Businesses don’t print money, like the government. A business has to make a profit or it’s all a waste.

True marxists think that all businesses exploit their workers, and that they have a lot of money and the government should take it away from them.


11 posted on 03/19/2014 12:23:38 PM PDT by I want the USA back (Media: completely irresponsible traitors. Complicit in the destruction of our country.)
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To: xzins

If they do that, their best workers will leave and they’ll be stuck with their worst workers.

The correct plan would be to get rid of all their low-performance workers, and hire better workers to get more productivity.


12 posted on 03/19/2014 12:24:02 PM PDT by proxy_user
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To: F15Eagle

I understand what you’re saying, and you’re right. I was talking about the “sitting administration” being rewarded with a lower rate.


13 posted on 03/19/2014 12:31:08 PM PDT by xzins ( Retired Army Chaplain and Proud of It! Those who truly support our troops pray for victory!)
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To: xzins
Single mothers will be able to stay home with their babies.

People stuck in jobs they hate will no longer have to work in jobs they hate.

14 posted on 03/19/2014 12:31:19 PM PDT by sonofagun (Some think my cynicism grows with age. I like to think of it as wisdom!)
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To: xzins

And it’s suited for the pathological liars to exploit. (as you inferred)


15 posted on 03/19/2014 12:32:14 PM PDT by F15Eagle (1Jn4:15;5:4-5,11-13;Mt27:50-54;Mk15:33-34;Jn3:17-18,6:69,11:25,14:6,20:31;Ro10:8-11;1Tm2:5-6;Ti3:4-7)
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To: proxy_user

Why do you think attrition causes the best workers to leave?


16 posted on 03/19/2014 12:33:25 PM PDT by xzins ( Retired Army Chaplain and Proud of It! Those who truly support our troops pray for victory!)
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To: sonofagun

There is no full-blown commie country yet that permitted people to stay at home on welfare and food stamps.

If the commie bastards win, the “under-privileged” will work or die.


17 posted on 03/19/2014 12:36:44 PM PDT by xzins ( Retired Army Chaplain and Proud of It! Those who truly support our troops pray for victory!)
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To: xzins

hiring is already nonexistent


18 posted on 03/19/2014 12:51:21 PM PDT by yldstrk ( My heroes have always been cowboys)
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To: xzins

Yep. If we go Commie those mandatory farm labor trips to the countryside at harvest time will come as a shock to many.


19 posted on 03/19/2014 1:00:32 PM PDT by Buckeye McFrog
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To: xzins

Value is the key, not a dictated wage control edict from a non-business Government!

The Business goal is to eventually pay an employee by what the proportionate value that they add to that day’s business.

Start an employee at a wage that is scaled to what he is worth to the Business.

Since training the untrained is an expense to a business, the new employee will start by paying the employer for months, if not years, of course.

After training has progressed, apprenticeship status could be purchased by a pay-as-you-go work to earn basis to those few employees who have demonstrated adequate work skills.

At some point, the employee would then be paid what he is worth to the Business.


20 posted on 03/19/2014 1:01:48 PM PDT by Graewoulf (Democrats' Obamacare Socialist Health Insur. Tax violates U.S. Constitution AND Anti-Trust Law.)
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To: xzins; All
More than half of all businesses who pay minimum wage say they would significantly slow their hiring if the federal wage is raised to $10.10 per hour, ...

As mentioned in related threads, as a consequence that parents are not making sure that their childen are being taught the federal government's constitutionally limited powers, it's no surprise that business owners aren't arguing the following concerning so-called federal minimum wage.

With the exception of the federal entities indicated in the Constitution's Clauses 16 & 17 of Section 8 of Article I as examples, entities under the exclusive legislative control of Congress, the states have never delegated to the feds the specific power to regulate a national minimum wage or overtime. Only the states have the 10th Amendment-protected power to regulate intrastate labor wages

In fact, federal lawmakers probaby find it convenient to try to get themselves reelected on the constitutionally indefensible promise of higher federal minimum wage since lawmakers are probably as clueless about the federal government's limited powers as the business owners and minimum wage voters who elected them are - regardless that RINOs in the HoR have read the Constitution out loud at the beginning of the last two new legislative sessions.

21 posted on 03/19/2014 1:14:44 PM PDT by Amendment10
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To: xzins

They typically get better jobs at higher pay somewhere else. You are left with the guys no one else will hire.


22 posted on 03/19/2014 1:22:06 PM PDT by proxy_user
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