Posted on 05/11/2014 12:03:54 PM PDT by SeekAndFind
... as long as we go along with your take, naps. I'm with Jabba.
If a minimum wage is really a good idea, and really doesn’t hurt industry or cause the loss of jobs, then why be a piker and ask for only $10/hour. Why not $20, or $50 per hour, beginning immediately?
The impact on employment will be worse this time. Electronic sensors now exceed human capabilities. Machines are stronger, faster, and now smarter than many humans. Robots don't need sleep, food, break time, sick time, health or workman's comp insurance, and can speak English. Robots decline in price about 10% per year while humans get more expensive. Raising the cost of low end human labor will just speed up the process of automation.
You are probably right.
That is fine but Jabba’s way sure is screwing us.
See the irony on this thread?
Starts out with everyone trashing Pawlenty, Romney, Santorum. Then devolves into FReepers (!) advocating government suffocation of economic liberty.
These people think they’re conservatives? It’s hopeless.
I agree. How big a bureaucracy would you need to send these prebate checks to everybody?
And that’s in addition to the already-huge, crippling bureaucracies that the 23%-inclusive Fair Tax was intended to support until cuts could be made.
Plus the fair tax continues to take money from people and give it to those who paid nothing.
How can you ask that after as many times as I've posted the answer on your threads?
Restore the import tariffs. Lower income taxes by an equal amount. We might have to drop out of the WTO, but it's not working for us anyway.
Require military and government purchases to be made in America, with American parts.
“Restore the import tariffs. Lower income taxes by an equal amount. We might have to drop out of the WTO, but it’s not working for us anyway. “
-
Increasingly I agree with you.
America needs jobs. A lot more jobs.
Bring back jobs.
So the math:
$2.85 an hour more for 30 (THIRTY) hours a week will add a gross $4446.00 to the gross payroll of any business for EVERY employee.
Add the Federal matching Medicare, Soc Sec taxes, Fed unemployment eaxes, state unemployment taxes & workmen’s comp and you could be up to $6-000 per employee.
Hoe many small businesses today have that kind of room in their profit for such a move?
Also- most of the people who would get such a raise already do not pay income taxes & they would continue to NOT do so with this ‘raise’. Most would also still qualify for food stamps, free meals at school for their kids. etc.
What ever taxes the business was paying on their profits would disappear.
Got 10 employees? take $60,000 out of your company profits & tell me what taxes you will be paying.
20 employees? do the math.
This is entirely a handout to every UNION contract in the USA. THEY & THEY alone will benefit.
And like electronics robots will get cheaper as they learn how to speed up production.
I believed Reagan when he convinced us of the merits of big busniness tax cuts and 'trickle down economics'...It made sense...Those of us at the bottom would likely have a better standard of living and all that extra cash flow would provide growth and new jobs...
Big business got their tax cuts with millions upon millions of new cash and just as had been planned, all that cash trickled down...
Plenty of it went to stock holders and the rest trickled down to new business and jobs in China, Europe and Mexico...
I think American business should make all the profits they can, and their business investments go to investments in America...
Personal income investments, that's a different story...They should go where their owner wishes...
Perhaps I am a little too pro-America to be a Republican or a Democrat...
Of course they could always try immigration restriction. That is probably as popular as raising the minimum wage and would have similar effect.
Indeed Republicans could strike a populist note by pointing out how the Democrats on immigration agree with The Wall Street Journal, Chamber of Commerce, and tech Billionaires like Zuckerberg. That the three million new entries per year that immigration ‘reform’ proposes would hardly help to raise wages.
Of course they won’t do that because the donors don’t like it. However, if they are willing to displease the Chamber of Commerce on the minimum wage (I doubt Zuckerberg cares much about that - he is only trying to lower the wages of middle-class programmers) why not also immigration restriction. That would truly benefit, and win the votes of, the people they are claiming to help with the minimum wage rise.
I agree. I am with you on that comment!
Bump.
Wrong, naps. YOUR way has screwed us six ways to Sunday and threatens to do so again in 2016.
MEGA-BUMP
And ... Perhaps I am a little too pro-America to be a Republican or a Democrat...
That is a quandary I believe you share with many millions of decent, hard-working, honest Americans. I am pro treating government as a force that is a dangerous servant. Hack it back and trim it out of the way in business, education, energy and food production, how people deal with declared homosexuals, charity, health care, commerce -- and watch the economy (not to mention innovation and morality) blossom. I am pro American enough to want that, and if it means abandoning the Republican leftist, I'm already there.
RE: Restore the import tariffs. Lower income taxes by an equal amount. We might have to drop out of the WTO, but it’s not working for us anyway.
Require military and government purchases to be made in America, with American parts.
_________________________________
I’ll agree with most of what you said with the exception of import tariffs.
The history of that has not been kind to the economy of the USA. The most recent disaster being the tariffs on steel imports under George W. Bush.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.