Workers havent shared in the expansion.
- Thread starter Duck_walk
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For those that has a valuable skill.
Duck proves a valuable point. The economy is booming. Those with skills are thriving.
Democracts with no skills banking on the hand out of minimum wage still lagging behind, who woulda thought?
Just shows how worthless a propaganda site like cnn is.
Just because the minimum wage hasn't increased, they assume workers haven't benefited from the great economy.
Only agenda driven dunce's like cnn and duck think we can't see through the lies.
Just because the minimum wage hasn't increased, they assume workers haven't benefited from the great economy.
Only agenda driven dunce's like cnn and duck think we can't see through the lies.
There should be no minimum wage standards. Let businesses pay whatever they determine that trade to be worth and it will work itself out.
A federally mandated minimum wage just contributes to increased inflation.
A federally mandated minimum wage just contributes to increased inflation.
I've said this for years!
It works both ways too. If I want a job with a particular company, I can offer to work for nothing and show my value......not so with the minimum wage.
interesting the Dems all claim that we cannot bring back good paying factory jobs because our factory wages are to high at $15 an hour to compete with Mexico and China. Yet they think we should pay a person $15 who works down at the local dairy barn slinging Ice cream cones $15 an hour when the owner probable doesn't make that after paying the help and all the bills divided by the time they put in. $15 dollar an hour wages drive the little guy in the small towns out of business and only help companies like Amazon and Walmart become even bigger and more powerful. Are the dems not the same ones who want to vote themselves a wage increase in congress....give me a break. If the Dems want to help the middle class they would vote this down. But voting for it they are killing the middle class and making the wealthy even wealthier.
interesting read.
advocates of the $15 minimum wage wish to “stick it to the man,” hitting the billionaire CEOs. This small business CEO, however, claims that “last year, my employees made more than I, the owner, did. I am still trying to pay off the line of credit that got me through the recession.”
As the AEI’s Mark Perry explains, increasing the minimum wage from $9 per hour to $15 works out to a yearly tax of $12,480 on employers. Ironically, this tax hike may help the billionaires by hurting the middle class. Big businesses can afford to take a hit, but the mom-and-pop shops may not be so lucky—and as smaller businesses close their doors, big businesses don’t have to face as much competition.
Some people support an increase in the minimum wage because they believe the Marxist idea that profit itself is bad. Karl Marx’s theory of surplus value states that a company’s profits should not exceed the cost of the worker’s labor. In other words, people should only pay for a good exactly what it cost the worker to make it.
While this sounds good in theory, it makes no sense in practice. In a free market, a customer will only buy a product if he values that product more than his own money. If I ask you to trade your shiny new Lamborghini for my five-year-old Hyundai, you would laugh at me. That is, unless I was holding a gun to your head.
This is the basic concept behind the minimum wage. When an employee asks his boss to pay him more than he is worth, the boss laughs. But when government holds the gun to a business owner’s head and says “pay your employees more than their time is worth to you,” the boss has a few options. He can fire some employees and pay others more, he can leave the area to avoid the government, or he can take a loss and likely go out of business or sell to those like Amazon and Walmart.
interesting read.
advocates of the $15 minimum wage wish to “stick it to the man,” hitting the billionaire CEOs. This small business CEO, however, claims that “last year, my employees made more than I, the owner, did. I am still trying to pay off the line of credit that got me through the recession.”
As the AEI’s Mark Perry explains, increasing the minimum wage from $9 per hour to $15 works out to a yearly tax of $12,480 on employers. Ironically, this tax hike may help the billionaires by hurting the middle class. Big businesses can afford to take a hit, but the mom-and-pop shops may not be so lucky—and as smaller businesses close their doors, big businesses don’t have to face as much competition.
Some people support an increase in the minimum wage because they believe the Marxist idea that profit itself is bad. Karl Marx’s theory of surplus value states that a company’s profits should not exceed the cost of the worker’s labor. In other words, people should only pay for a good exactly what it cost the worker to make it.
While this sounds good in theory, it makes no sense in practice. In a free market, a customer will only buy a product if he values that product more than his own money. If I ask you to trade your shiny new Lamborghini for my five-year-old Hyundai, you would laugh at me. That is, unless I was holding a gun to your head.
This is the basic concept behind the minimum wage. When an employee asks his boss to pay him more than he is worth, the boss laughs. But when government holds the gun to a business owner’s head and says “pay your employees more than their time is worth to you,” the boss has a few options. He can fire some employees and pay others more, he can leave the area to avoid the government, or he can take a loss and likely go out of business or sell to those like Amazon and Walmart.
Funny the Labor Dept just reported the 10th straight month of real wage growth over 3%. The largest increases going to the lowest wage earners.
How many Dept of Labor’s do we have??
Anyways wage growth under Trump is much much better than under OBama or Bush with inflation still at very low levels
All in all any sane person would have to acknowledge a very good thing
Short term dollars especially. If president imbicile would leave the Fed alone then maybe our next recession wont be as awful as many expect.
The fed lowered interest rates to almost zero and made tons of cash available. You really have no idea what you are talking about. A hot economy is not the time to lower rates unless you just are thinking about getting re-elected in 2020 and dont care that in the longer term it will deepen the next recession. You and Miller both failed economics.
https://mises.org/library/forgotten-depression-1920
This is how to end an economic depression.
Severe short term pain leads to a healthy quick recovery after purging bad debt insted of propping it up..
This is how to end an economic depression.
Severe short term pain leads to a healthy quick recovery after purging bad debt insted of propping it up..
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