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re: OT- Let your state reps know how you feel
Posted on 12/8/20 at 6:24 pm to SneakyWaff1es
Posted on 12/8/20 at 6:24 pm to SneakyWaff1es
quote:
It means you pay $17 for a burger so the fact that you're making a couple more dollars doesn't actually help.
Let's just put this to bed right now.
Minimum wage in San Francisco: 15.59
Cost of a Big Mac: 3.99
Cost of a Big Mac Meal delivered (Door Dash): 11.59
Minimum Wage in Atlanta: 7.25 (Federal Wage)
Cost of a Big Mac: 3.99
Cost of a Big Mac Meal delivered (Door Dash): 9.49
Chances that those San Fran franchises are operating at a loss for no reason: ZERO
Annual Wage increase from $9/hr to 15/hr: $14,500
That's money spent on cars, movies, food, Christmas gifts, etc. It's also money not paid in WIC and other welfare programs, which all subsidize low wage employers. It's organic stimulus directly towards those most likely to spend, which even the most basic economic education tells you drives the economy (and with that the earnings of almost every business) much more than any tax cut or government spending program.
PLUS it lowers the deficit without raising taxes while organically cutting entitlements.
It does cut some corporate profits, but that argument only works if corporations are re-investing profits instead of doing the stock-buybacks that are current SOP. Why not force that money back into the economy to promote growth instead of debt?
Conservative, liberal, or whatever increasing the minimum wage makes sense.
quote:
Kids are supposed to work a shite job, learn that it sucks and go do something with themselves so they can make more for their time.
More than half of low wage workers are over 25. 44% of all US workers are low wage. For a society it makes more sense to take the most economically beneficial option than it does to "teach people a lesson."
This post was edited on 12/8/20 at 6:27 pm
5
Posted on 12/9/20 at 2:09 pm to chillmonster
If I'm wrong, I'm wrong. I'm not an economist. I have a hard time believing prices won't go up when wages go up without something else changing. Food cost in San Francisco is 22% higher than Atlanta. Entertainment is 27% higher and transportation is 31% higher. Seems like they're still spending more for the same shite than they do in Atlanta.
I see where we're going with this. Since you have low wage employees, why don't you just pay them higher wages and help with the economy? Why wait for the government to make you?
quote:
For a society it makes more sense to take the most economically beneficial option than it does to "teach people a lesson."
I see where we're going with this. Since you have low wage employees, why don't you just pay them higher wages and help with the economy? Why wait for the government to make you?
Posted on 12/9/20 at 2:14 pm to chillmonster
quote:
It's also money not paid in WIC and other welfare programs, which all subsidize low wage employers.
So there's some provision in the wage increase proposal that cuts welfare benefits? I'll believe it when I see it. If that were true, I would even spend a few minutes considering the proposal.
Posted on 12/9/20 at 3:20 pm to chillmonster
quote:
Let's just put this to bed right now.
Minimum wage in San Francisco: 15.59
Cost of a Big Mac: 3.99
Cost of a Big Mac Meal delivered (Door Dash): 11.59
The cost of a Big Mac in San Francisco isn't $3.99. It is between $6 and $7.
A Big Mac combo meal in San Fran and Seattle is priced at around $10-$11.
According to the Big Mac Index the average Big Mac price in the US is $5.51.
Big Mac Index
So your wonderful analysis falls apart based on that.
This post was edited on 12/9/20 at 3:28 pm
Posted on 12/9/20 at 3:36 pm to chillmonster
quote:
Let's just put this to bed right now.
Yes let's put it to bed. The central planners in Wash DC have no business pushing a $15 minimum wage. This should be a state issue. A $15 minimum might work in high rent California or New York but it doesn't work in Arkansas or Kentucky. States should choose what their minimum wage should be.
This post was edited on 12/9/20 at 3:37 pm
Posted on 12/9/20 at 3:59 pm to chillmonster
quote:
Let's just put this to bed right now.
Minimum wage in San Francisco: 15.59
Cost of a Big Mac: 3.99
Cost of a Big Mac Meal delivered (Door Dash): 11.59
Minimum Wage in Atlanta: 7.25 (Federal Wage)
Cost of a Big Mac: 3.99
Cost of a Big Mac Meal delivered (Door Dash): 9.49
Chances that those San Fran franchises are operating at a loss for no reason: ZERO
Annual Wage increase from $9/hr to 15/hr: $14,500
That's money spent on cars, movies, food, Christmas gifts, etc. It's also money not paid in WIC and other welfare programs, which all subsidize low wage employers. It's organic stimulus directly towards those most likely to spend, which even the most basic economic education tells you drives the economy (and with that the earnings of almost every business) much more than any tax cut or government spending program.
PLUS it lowers the deficit without raising taxes while organically cutting entitlements.
Here is what really will happen by raising the minimum wage to $15.
Final cost of your Big Mac Combo will rise(just like prices in San Francisco and Seattle rose). But we aren't in San Francisco we are here in Georgia. I, myself, will not pay $10 for a Big Mac meal in here in South Georgia. McDonalds sales suffer. With sales down lay offs must occur just for the business to stay afloat. So the person who you gloated would receive a $14,500 increase in wages would actually get nothing, zero, nada because they don't have a job. Then the jobless must apply for Government help like food stamps because they just lost their job. It is a vicious cycle.
Some areas might be able to cope with $15, but a lot of areas can not. It will cause job loss and loss of investment. Let the states decide based on the markets inside those states. The Federal push for a $15 minimum wage is stupid.
This post was edited on 12/9/20 at 4:13 pm
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