How bad would a $15 minimum wage fuck everything up?
>>74061407
will be very good for tech companies.
A study was done after John Schnatter, founder of Papa John's Pizza, came out very vocally against any minimum wage. $15 / hour would increase the price of a pizza by 25 cents.
Meanwhile the corporation spent several million dollars last year on their Indy car and John bought himself another yacht.
>>74064948
>Meanwhile the corporation spent several million dollars last year on their Indy car and John bought himself another yacht.
Who gives a shit? Things like that will happen with or without a $15 minimum wage. You a jealous poorfag or something?
>>74065277
>The money spent on board member bonuses rather than minimum wage would let board members buy yachts anyway
Did you go to college or are you just a liberal arts major?
>>74061407
The question that interests me way more is why people think they should be able to feed a 5 heads family on flipping burgers just because they spend a long time on it each day?
>>74064948
Meanwhile, in the real world, Seattle is buckling under just 13/h and all those faggots are moving to the Eastern part of the state where the jobs are and the cost of living isn't going San Francisco.
>>74062601
I keep seeing this threatened.
When the fuck are they going to implement it?
God damn, I want my burgers made by a robot, dammit!
>>74061407
Take everything bad right now okay?
Got it? Okay.
Now...
Double it!
Making the jump from $7.25 to $15 is fucking bonkers and I thought the same thing even when I was making minimum wage for eight years.
Idiots.
Base pay + commission is amazing. If you bust ass, you make a shitload of money.
>>74061407
The only people who make minimum wage are the ones who are dispensable in their environments, and who also usually don't work full time or haven't been working full time for over half a year...
...You raise the minimum wage from 10 to 15, and for every two people paid, it will be the equivalent of paying for three, even though they're still doing the work of only two people. So, if a big company spends 10 million a year paying all their dishwashers (lets say), all of a sudden they're paying 15 million for the same.
This is going to mean less jobs, no doubt about it. CEOS and people running everything will be far more inclined to seek alternatives to employees in order to save cash. They may just lay off a third of their staff and have a machine replace them, say, a giant dishwasher machine at restaurants, or screens like you see in >>74062601, etc.
>>74065277
He cries about muh corporate profits, but he is btfo with an actual analysis. So the enormous cost to muh business is a lie. And the marginal cost increase for a pizza would be passed onto the consumer anyway.
Ad hom attacks are weak. So what's the next excuse you have?
>>74065676
Carl's Jr is already working on it, homie. They already work only two employees at a time lol AND THEY'RE GOING TO HALF IT
>>74066258
↑First of all, this guy doesn't kniw what he's talking about.
Secondly, here in California things are already falling about due to minimum wage increases. They are mathematically flawed and deliberately poorly executed. Our governor is quoted saying it makes no sense economically while signing the bill to increase minimum wage.
If we took every single cent that Papa Johns made in net income last year and distributed it evenly amongst all 20,000 employees, they'd each get around $3500
>>74061407
The same way a 100 dollar minimum wage would. But on a smaller scale.
>>74061407
Without a 20 hour work week or price controls on RENT and BASIC NECESSITIES OF LIFE, a $15 minimum wage WILL drive up prices.
Well let's see.
Since it passed in California, only 8 major corporations have left the state for Texas, Mexico, and Asia.
Are you doubting people should earn a living wage? Capitalist Drone.
>>74061407
considering these retarded animals are crying about making more money, instead of crying about making their money worth more, i would say all the way
If people make shit minimum wage then taxpayers will subsidize them via social welfare programs.
If people make better minimum wages, consumers will subsidize them and the wage slaves will theoretically not rely on social welfare as much.
Of course, social welfare spending and taxes will never decline so I am sure there won't be any obvious effects.
Minimum wage needs to be removed. Self serving shit also needs to be removed, that way students can actually easily get work experience
>>74066694
>3500
> divided by a year
wow fucking thanks i make an extra 292 dollars a month now
>inserted into 40 hour work week
wow thanks i make an extra $1.82 an hour
kill yourself
Working for a living and money is such in outdated concept in what should be the age of a resource based economy.
>>74067052
Humans will design and maintain the robots
Lots of places that have high turnover rate for employees, fast food places, gas stations, etc etc will probably move to being entirely automated. This will be a change similar to service boys at gas stations being slowly phased out.
minimum wage will be 15 bucks, sure, but no job that used to be readily available will be there anymore. Stockboy positions will be filled by a single robot that works 24/7.
>>74067043
Could you imagine having to pay your employees 15 bucks and hour and then have to pay their health insurance costs as well?
How would Papa Johns make their money?
>>74067036
Sounds like u had a hard time as a student.. quit smoking weed!
So many lib-fag safe space babies in this thread. Grow up, get a real career, and get a better job. Alternately STFU and make by burger you failure at life and waste of oxygen.
>>74061407
Can't find the graph but the maximum minimum wage has ever been (inflation adjusted) is $10. Raising it to $15 would not only be a shock as it is doubling the price of labour in such a short time but it would also be putting it to 150% of the highest labour has ever cost, and that in the age of technology is gunna cause some VERY fast automation.
These uneducated minwage retards are gunna turn their $8 an hour into 0$ when they get replaced by an ATM machine.
>>74067290
pretty much this. most jobs are not worrh 15 an hour. go to any other country and the jobs are filled by kids so they dont need such a high amount per month, but here in the usa you will hardly ever see a kid in retail, fast food, etc anymore. its all mud 30-40 somethings who are doing this for a living and trying to support a family.
Prices would go up slightly, but since the lower wage bracket would push up a lot of people, average living affordability would go up as well.
Naturally, living affordability would go down for everyone who is already above minimum wage.
It's a communistic idea, but a good one.
It will just end up bring the middle class lower not raising the lower class higher. Everything will get more expensive to the point were the new 15$/hr crowd is back to the same lifestyle, and the middle class's cost of living as gone up.
>>74066902
our cost of living in CA is much higher, my rent is around $3000 alone. CA and NY are the only states a higher wage even kind of makes sense, everyplace else its just excessive.
>>74067779
Good point. I live in Wichita and my rent is 600 for a 2 bedroom (about 900 sq ft). The cost of living here is very good. If everyone made 15 an hour here, I'm afraid that would cause some problems
Small businesses are fucked.
>>74061407
The real minimum wage is always going to be zero. Let me explain.
A company hires employees for one reason and one reason only: To increase the profit of the company. Examples:
- A supermarket hires an extra part time cashier for $6.000 per year. The extra customers this cashier serves generate revenue higher than $6.000.
- A garage hires an extra mechanic for $45.000 per year. The extra cars he is able to fix, minus the cost for parts, generate upwards of $45.000
- A software company hires an engineer who is proficient in Python for $150.000 per year. Because of this extra engineer they can launch their app ahead of their competition, who were working on a similar project, and score a large market share. Their app now generates millions while otherwise it might have been worthless.
If the expected added value of the cashier was lower than $6.000 for the cashier, or $45.000 for the mechanic, or $150.000 for the software engineer, the companies WOULD NOT HAVE HIRED THEM.
When you raise the minimum wage, the equation changes. If the cashier now costs $9.000 but the expected added value is only $8.000, the cashier is out of a job. The truth is, most jobs that pay minimum wage don't generate enough value to justify $15 an hour.
The employees in question now fall into one of two categories:
1) He is expendable and will be fired. The company continues without him
2) He is vital to the company but doesn't generate enough value. The company will have to operate at a loss. Waiters in a restaurant are a fine example hereof. I'll expand on this later.
The media loves to paint the picture that the only people suffering from a minimum wage increase are multi-millionaires with monocles, cigars and multiple yachts, but the hard truth is that many minimum wage employees work for small businesses who simply cannot afford a 50-60% wage increase. There simply isn't enough for these people to go around.
It will cause a bankruptcy wave of biblical proportions. (1/2)
increasing the minimum wage will decrease the demand for labor and increase the supply of workers leading to a surplus known as unemployment. that's straight from economics 101. i really hope everyone already knew this and i'm only the first one to say it just because it's so obvious.
>80% of jobs paying below 20$-hour are going to be automated
>workers demand higher wages and make themselves even more expendable
I don't care. These people are in for a fucking rude awakening soon.
https://svrobo.org/white-house-economic-report-looks-to-robotics-for-the-future/
>>74062601
I don't get why non-Fast Food workers are so upset about this.
Yeah, I really love having to spell out the exact specifications of the meal I want to some cunt who doesn't even speak English who will inevitably fuck the order up anyway when I could just get a machine to print my order the exact way I'd want it.
To all the people who are opposed to minimum wage laws: how do you expect people to survive without it?
How are people supposed to pay rent, bills, buy food etc... on less £20k?
>>74069186
Thats not my problem.
>>74068274
A Seattle restaurant owner wrote an article on the matter which can be read in full here: https://ecomcrew.com/seattles-15-minimum-wage-is-driving-our-restaurant-out-of-business/#pq=5cCXEp
The breakdown is as follows:
Restaurants aren't super profitable. Any profit they do have is usually set aside to pay back loans. The breakdown of the expenses is usually as follows:
25-40% food cost
30-35% labor
15-25% rent plus utilities
On the low side, this equals 70%, leaving 30% profit. On the high side, this equals 100%, leaving very little profit. The low end is a very conservative estimate, since once of the most popular restaurants in the area has reported a margin of only 5% (Tom Douglas).
At the time of writing, Seattle had a $9,32 minimum wage, which has increased to $13 per January 2016 (a 39% increase), and is going to be increased further to $15 per January 2016 (a 61% increase). Simple math shows us that, all else being equal, the expenses would come to
25-40% food cost
42-49% (2016) or 48-56% (2017) labor
15-25% rent plus utilities
Adding up to 82-114% (2016) or 88-121% (2017).
It should be clear to see that this will put many. many restaurants out of business. The owner could give people fewer hours (negating the wage increase), but he cannot do this infinitely. The effect is that many owners will not even be able to ever recoup their initial investment, let alone generate any profit. Many will simply disappear.
The inevitable counter argument is that people in employment now will have more to spend, increasing the cash stream in the entire economy. Even if this were true (which it isn't. Most will simply be laid off), any noticable effect would take years. These businesses don't have years. They may not even have months.
Churchill called private enterprise the 'sturdy horse pulling the wagon' and he was right. But if you keep increasing the horses' load, he won't be able to pull it any further and the wagon will come to a standstill. (2/2)
>>74069257
>well sure people will starve to death if we get rid of the minimum wage
>but i mean, that's like, not my problem dude
Typical edgy teen response.
>>74069374
I'm tipping my fedora as I type this.
>>74061407
DESU anyone who somehow manages to finish their education and leave the house but can't break out of MinWag need to assess their life choices and their value as a person to businesses.
I did a fucking humanities degree at university and two years after I was on £26k a year whilst other people on my course are unemployed faggots whining about the living wage on Facebook.
MinFags just need to get good at real life and get someone who isn't their retarded parents to read their CV and they might actually get somewhere in life and not have to borrow money off their parents to buy a bus ticket to the wage increase rally.
>>74069186
Minimum wage is all relative to the cost of living. The issue is not low-wage jobs themselves, but that everyone are trying to live in the most sentralized areas. In theory it should balance it self by incentivizing people with lower income to move out to ares where living is cheaper, but it's now obvious that people just wan't to live in the city no matter what.
I don't know if its because people are tricked to believe in the Hollywood jew that living in cities is the ultimate dream or because development of areas outside of cities is fucked.
>>74069473
I live in London and nothing would make me happier than the opportunity to leave this festering shithole.
People don't come here because of the weather or the "lifestyle". They come here for the jobs.
>>74062601
Fuck minimum wage. I want robots anyways
>>74069638
Exactly. Cities are big places that only get bigger due to how the system works. It's the most attractive place to create a business and thus the most attractive place to live. Shits fucked.
>>74069186
Because minimum wage turns employment into a buyer's market where no assessment is made on a worker's worth to the company.
Furthermore, companies are freed from having to set competitive wages to draw in the best workforce because everyone's offering the same salaries, so people who are probably worth more than minimum wage are being kept on shit rates because employers have absolutely no pressure to give pay-rises and can just dangle the slim prospect of a promotion above the heads of their MinWaggers.
>>74069473
what is this a picture of exactly?
>>74061407
Not as bad as a $15 basic income
>>74065676
http://www.techinsider.io/wendys-workers-will-lose-jobs-to-robots-2016-5
>>74070135
Oppression
>>74068274
This. People just aren't going to get hired more. The next logical step would be to demand by law that every person should be employed and employer doesn't have a right not to hire man. And then you are going to live in Union of American Socialist Republics. Prepare yourselves for it.
>>74069186
minimum wage isn't for adults
it's for high school kids, college students, and people with like 3+ roommates.
if you live alone, or with your family/wife, and are above the age of 25 and still working minimum wage you are an utter failure and deserve to crash and burn.
it's really not that hard to move up from minimum wage.
>>74061407
Prices would go up
Unemployment would go up
Company profit margins would go down
Would rape small business
Basically it would fuck shit up
Best thing to do is just cut benefits so tax payers stop subsidizing minimum wage workers, that would force corporations to either raise wages or find alternatives
>>74065587
Source? I'm interested
>>74061407
When you raise the minimum wage to $15 you raise everything as well. People who were already making $15/hr will now want $25/hr etc because WTF, their job is now a minimum wage position?
This is the problem and why raising the wage doesn't do shit but fuck things up.
>>74070380
Except this is a meme.
When I go to McDonald's I'm not being served by some spotty teenager like in some 80s movie but by a grown adult.
If you get rid of minimum wage laws there's really no incentive to work at all. You'd be better off on beneftis or selling crack.
>>74071298
Hence we need to get rid of benefits, except for rare exceptions, and jail people who sell crack.
Or legitimise the drug dealing/production scene, but that's another topic.
>>74066364
Thats pretty much how it is everywhere from convience stores to fast food during the night.
>>74071935
You haven't really thought any of this through have you?
>>74072333
> I believe in personal responsibility and a tough stance on crime
>lol idiot
please elaborate
How did faggots think the term "minimum wage" get to mean "the basic amount of funds needed to have a family" it's minimum so we don't have near slave labor
>>74072427
What do you think will happen if you take away welfare?
Welfare is given to poor people so that they don't break into your house and rob you at gunpoint.
It's for your benefit.
And before you say something stupid like "well I'll just shoot them lol" remember that there are more of them than you.
>>74061407
Like all of the great Socialist tenets, Living Wage or $15/h is essentially selfishness and short-sightedness masquerading as high-minded philanthropy.
The proponents of the minimum wage increase are mostly people who are currently working minimum wage jobs. You ask them why they support it and they spin you a yarn of the rights of workers to work for an honest wage.
However, the second you start pointing out the long-term impacts of such a change, their selfishness shines through.
Point out to them that increased minimum wages will cause small businesses to sink. They shrug their shoulder.s
Ask them why employers will hire unexperienced workers for the same wage as people who have done jobs for decades. They shrug their shoulders.
Ask them why companies will keep on as many people who could cost twice as much. They have no idea.
These people don't give a fuck about anyone else but themselves. Any argument against minimum wage will be met with "BUT I WANT MORE MONEY!!!!"
>>74072886
>What do you think will happen if you take away welfare?
People will get to fucking work is what will happen. Welfare makes people lazy and dependent. Responsibility makes them productive.
>remember that there are more of them than you
There are more people on welfare than working people? Muhammed pls.
>>74073169
It's pointless arguing with a child.
No country will ever get rid of welfare. The welfare state is actually set to increase dramatically in most European countries over the next decade.
>>74065676
Wendys already made the switch. It's in the news.
>>74073313
>The welfare state is actually set to increase dramatically in most European countries over the next decade.
pls no, taxes are already killing my wallet enough as it is. If welfare increases go up much more I'm gonna need welfare to pay for all the welfare I'm paying for
>>74073313
>The welfare state is actually set to increase dramatically in most European countries over the next decade
How long can that possibly be sustained though? I mean from all the stuff I've read all the migrants, refugees or whatever you want to call them take out a hell of a lot more from the system than they put back in.
So where does it end? Are they just going to tax the people who actually do work to the extent that they can't afford to live and have to go on welfare and then nobody is working and everyone is just getting free money but money isn't actually being made and then the whole country collapses..
>>74073313
I like how you didn't refute anything I said in that post. Also, you're an idiot. Just because something is going to happen, automatically means it's the correct way? Is this what British education has come to?
The human race survived without any form of government induced welfare for millennia, but now it's suddenly THE ONLY way to keep poor people from stealing my TV and culturally enriching my wife?
There is a great amount of people on welfare because it is the easiest way. If faced with the choice between starvation, a life of crime or trying harder to find a job/other legitimate way to provide, most will choose the latter. Maybe some will try and take my stuff but to paint this as a 1:1 relation is preposterous.
>>74069186
How are they supposed to pay for those things when theyre not being payed at all?
>Let's throw into a cage anybody who accepts to work for less than a certain amount
Yeah, what could go wrong.
People who actually are for this $15 min wage are just bums who have no actually skill sets to further themselves in a working environment. I got out of highschool and immediately got involved in windmill production. I didn't even have to go to college and as of now I make $33 hour with benefits. Construction in general is going to turn into a name your price business. The millennial generation is all going for tech jobs and nothing that involves physical labor.
Cali fag here. $15 minimum wage will absolutely kill jobs and businesses here. But IMO that's a good thing, too many people and businesses here to begin with. Instead of building all these business they should be building houses.
I mean you pass by all these shitty businesses that are only there because they use low wages to fuck employees, imo if you cant afford paying your workers a descent wage, then you shouldn't exist.
>>74077667
>People should earn $0 rather than $7
It will seriously fuck up a lot of things and will hurt most businesses besides the large ones.
>>74077667
Fuck the minimum wage, I rather have some rent-fucking-control up in this bitch. 1 bd/1bath goes avgs at 1500$ monthly in San Diego and that's a lower end neighborhood too...
>>74077981
I never said that anywhere. People should be paid a decent wage, but California is way over populated to begin with, too many fucking illegals walking around living here, too many mexicans and other immigrants working their shit wage jobs driving up rent for everoyne else. Maybe if they raised the wages they will lose their jobs and fuck off somewhere else.
Rent prices would plummet. You won't be able to have all these jobs when the hourly wage is raised. Why? Because like I said, a lot of these businesses only exist because they are allowed to pay low wages.
You don't need 4 fucking types of printing stores on 1 street, how has that happened? Well when they are paying their employees the bare minimum, they can keep afloat. But hopefully all these stupid businesses will go away.
This is a good thing, go ahead, raise the minimum wage, and watch thousands of jobs die with it. They need to be killed is what im saying.
Been here for over 30 years btw.
>>74078463
I agree, im in the valley unfortunately, the ghetto, paying over a grand for a 1 bedroom apt. Saving up to move away from this hell.
>>74078509
>blames paco but not the capitalistic society that has created this
Anyway, sure there is an overpopulation problem but have you thought of the fucking influx of flyover state fucks the military brings? Jesus christ now these are the people inflating rent prices by bring their families with them with their subsidized rent.
>>74062601
And for us consumers. Machines won't get the order wrong and they won't bitch about it if you point it out when it happens. Which it doesn't. It's a machine.
>>74078763
>the capitalistic society that has created this
Create what? Jobs, houses, and wages?
>>74065676
Kiosk is only for ordering and paying. Chefs will still have jobs, but people working at the cash registers will be outta luck.
>>74078763
>have you thought of the fucking influx of flyover state fucks the military brings?
them too, but at least they don't shit where they sleep.
at least they
>pick up after their pets
>don't throw used diapers on the side of the street
>don't pack their cars with scrap metal and slow down traffic on the freeway for everyone
>dont stop in the middle of the road, put on their hazards and talk on their phone, and then expect YOU to make room.
>at least they don't allow their kids to roam the streets until 1 am screaming because the illegal food truck is making the final call of the night, bringing out all the scum of the earth with their pesos and their screaming kids attached to their hips.
>dont go dumpster diving looking for cans, ripping open garbage bags and attracting flies.
I can go on and on.
Paco is the worst thing to happen to California.
>>74069374
it's very hard to starve to death in a first world country with welfare
and even if they did, why does it matter? if they can't figure out how to make it then bye bye, natural selection wins, you lose.
>All these bootlickers
Remeber, you are just a millionaire in a embaressment
>>74062601
Yep, if you are in the software industry you gonna be happy as hell
>>74061407
You don't need minimum wage. You need unions.
>>74080097
>You need unions.
This. People don't seem to understand this.
>>74061407
Y not just m8k it 1000 dollars and hour an then evry1 wud b rich like Stevan Hawkings
>>74081844
>intellectuals arabiques
>>74079208
This, anyone who denies shitskin pacos are a plague is not in touch I with reality
>>74061407
Yeara ago when i was working in an investment bank there was a 1st line support group sat next to us, picking up calls and creating tickets for engineers.
It was monkey work, but well paid. I asked the guys what his next move upwards was and he said, he liked doing the job he was doing. Loads of other palces were outsourcing, he said it woudl never happen there. Fast forward 5 years all those jobs were in India.
Go to tthe bank. Empyee says use the machine. Go to the supermarket, self service scan.
If you have a shit job. get a career. Otherwise a machine or a guy in the 3rd world will take your job and no one will give a fuck about you. No one is safe. Not Doctors, mechanics or waitresses.
Read these books and articles
http://waitbutwhy.com/2015/01/artificial-intelligence-revolution-1.html - ITS HAPPENING NOW
Our Final Invention - James Barrat.. Once AI comes online wer'e all fucked.
Choose yourself by James Althucher. You'll realize its now all down to you. If you don't make moves now, you'll be fucked for the rest of your life.
I like you guys. Good Luck.
>>74082070
A typical reaction from a Neo-Nazi white supremacist Donald "I have very clearly stated my intent on many occasions to genocide all people of color, ban Islam and burn every Qur'an (pbuh glorious and noble Prophet of Islam Mohammed (pbuh may He grant us glorious victory over the infidels inshallah) and then start WW3" Trump.
You goyim are all alike.
