Posted on 12/03/2013 9:34:29 AM PST by Kaslin
The Federal Reserve: a case study in institutionalized fraud and irresponsibility.
A minimum wage is a bar on low skilled workers from being hired at all.
Pay more or prepare yourself for a skilled job? Im sure it isnt quite that simple but likely no more complex for those complaining.
The minimum is nothing is nothing more than Communism that is enacted in America. It is a method of control of business and employees. It started back in the 1940’s.
Walmart and McD’s could double their employee salaries. Then raise prices. Then lose consumers. Then lose profits. Then close facilities. Then lay off employees.
Try telling that to a low-info zombie in the protest line and see how he does.
Double the minimum wage and here’s what will happen: companies will hire half the entry-labor workers, who at double the wage will consist of more-capable, better-educated people to whom those jobs will now be attractive. The marginal worker will remain unemployed, and will probably never know why.
The minimum wage should be $1000 per hour.
Then let them live with it...................
One issue seldom discussed is that these minimum wage jobs are not supposed to be jobs which someone stays in long term. People with individual initiative and ambition will gain education, better job skills, etc., and move up the job ladder to higher paying jobs.
Another important issue is that, while it might be worth it to a business to pay someone $8 per hour to do some job, it might not be worth it to pay someone $15 an hour to do the same task. Many businesses may simply eliminate or consolidate tasks and positions, rather than employ the same number of workers and pay them all $15 an hour, if $15 became the minimum wage.
Finally, the biggesr single expense of running a business for most businesses, is simply paying the hired help. If those costs rise drastically, and the business has to try to cut expenses, labor and personnel costs are going to be akey area for cuts. Which in turn means eliminating some jobs.
Companies should only pay the value of labor. Government dictated private pay is nonsense.
The end goal is complete control over wages by the government. They can’t admit that quite yet, so they do it a little at a time.
If someone is dumb enough to “strike” for a position that can be replaced and trained in 3 hours, they deserve what they get....
Buy some Walmart Stock
Want a higher wage, make yourself more valuable!
I have to laugh and sneer when tech industry doesn’t want to pay $15 per hour for experienced degreed professionals. HP is trying to top out R&D testing at $17-19/hour (and that may be a lead role) for contract labor. Others are offshoring the work for even less.
Yet some burger builder wants $15/hour minimum.
These people are so ridiculous! Obviously none of them are considering that at $15 per hour minimum wage, the price of everything will skyrocket! Employers can’t absorb that kind of hit, nor will they. Restaurant prices, gasoline, food, everything will rise and then minimum wage earners will be no better off and everyone, no matter what they earn will be much worse off! Idiots, total idiots.
Want to cause a riot?
Ask the rent-a-mobsters if THEY are getting $15/hour plus health benefits to picket Wally-World.
If one insists on being irrational and emotionalistic, then why stop at $15? Why not raise the minimum wage to $100 or $500?
Not only do minimum wage laws lead to higher unemployment, but the extent to which they do so depends on the extent of union activity in the economic system. The more the unions close off employment opportunities, the greater is the number of workers forced to seek employment elsewhere, and thus the greater in the downward pressure on wage rates elsewhere.
They also deny many people the opportunity of acquiring work experience, knowledge, and skills they might have acquired by means of working. The least-skilled, most-disadvantaged members of society will be less able to compete. Thus, they tend to exert a lifelong depressing effect on people. It both stops them from working and prevents them from becoming qualified for anything better than the kind of low-skilled jobs to which a minimum-wage law tends to apply. Many blacks will be condemned to a life of poverty, where the choice is between either looting parasitism of savages, or mooching parasitism of beggars on the welfare rolls, in order to survive in a modern developed market economy, where incomes are generated by a process of mutual voluntary exchange.
Finally, businesses that do not layoff workers will have to raise prices, which leads to a lower real wage rates for non minimum-wage workers, and a lower standard of living for the average wage earner.
Actually I think Sears is losing money. In any event they aren't make enormous profits.
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