What happens when you have only 15 dollars and there are only 2 people working for you?
>>71101104
First comment best comment.
>hotel trades
>>71101104
then you probably suck at business and should get a job
>>71101104
/thread
>>71101104
I don't get the point your trying to make
>>71100725
People totally misunderstood Bernie when he originally stated the fifteen an hour. He wasn't specific enough, essentially not admitting to a fairly large oversight.
What he meant to say was that anyone employed to build the wall will be paid fifteen an hour.
>>71100725
>>71100725
im a pro-trump libertarian, but in today's society, yes i agree with $15 minimum wage. yes, all wages will increase. yes this is good for the lower and middle class. it is a tax on the rich, nothing more.
If you're opposed to a $15 minimum wage, you're a fucking corprate cuck, here's why:
>Buisnesses have seen an increase in productivity and profit for decades
>Wages have been stagnant for decades
>If wages scaled to profit and productivity, the minimum wage would be over $30
Corperations are fucking employees and they get away with it because conservatives are fucking retards
>>71100725
What if instead of a minimum wage, Banks were forced to pay minimum interest on savings of 8% p.a. for the first $10,000 of savings?
>>71102828
>productivity and profit increases
>must be because of the employees.
It's almost as if something was introduced int the last few decades that increased productivity, without the need for additional human labor or skill. Whatever could it be?
>>71102828
Let's make minimum wage 300$ and everyone will be wealthy! It's so easy stupid conservatives, i mean it's 2016
>>71103088
>Wages stagnant for decades
>Inflation still exists
You see how this is a problem, retard?
>>71100725
>>71103090
You're right, let's just keep suppressing wages until everyone has to be on welfare. Problem solved!
The minimum wage will always be $0.
California commies can pass any law they want to. When they cause excessive labor costs and make companies unprofitable, businessmen will just move to Texas.
>>71103203
>no valuable skills
>produce nothing of value
>wages stagnate
You see the cause of the problem, retard?
>>71100725
If it was reasonable compensation for the labor they do, it's what they'd already be paid.
>>71103465
I'm sorry, who's skills aren't valueable? Who produces nothing of value? Because the suppression of wages is pretty universal. Care to be more specific?
>>71102828
As another anon pointed out, your whole premise is based on the unfounded assumption that employees and not technology, improvements in processes, etc. are responsible for productivity increases.
>>71100725
I read that as #fightforIS
i wasn't even surprised.
Oh noes, some rich guy I don't know is going to make less profit. All the establishment politicians I hate so much told me this is a bad thing but I better be angry about it.
>>71100725
Translation of that sign "I am an unskilled worker & I demand something for nothing because I said so!"
>>71103670
Again, inflation exists. Wages should ideally never be stagnant. They should, at the very least, adjust to inflation. My point with productivity is that buisnesses can afford to pay their employees more, but refuse to do so. At what point should the government intervene? Or would you rather let the middle class sink further into poverty for the sake of fat cats?
>>71101104
Then you take 1% off of your 20 billion a year salary
>>71100725
Eh. It's something that will end up solving problems only on the short run. I would rather have the US cut corporate tax and minimize the immigration.
Why 15 an hour? That's drastic as fuck.
9.50 I think sounds more reasonable, and maybe adjust it gradually.
>>71100725
Say a burger costs a dollar
Producing the burger now costs 15/60*3=0.75$
Meaning that the ingredients would have to cost less than 0.25$
That's unreasonable so the cost of the burger goes up
Meaning that the employee can now buy less burgers with his salary to feed himself
Meaning his minimum wage has to go up so he can survive
Meaning that the cost of the burger goes up again
See where this is going
>>71103928
Seriously this. I don't get conservashits thinking it's the 1800's where you have to work 14 hours a day to get a meal. Technology let's us achieve our needs so much easier so things should be getting cheaper but they arent
if you work full time you should make enough money to not be destitute
any other opinion is basically wants to pay themselves (via taxes for welfare) the compensation the employer should be paying.
lower it for teenagers though, teenagers need to work for pittances at shitty fast food jobs, builds character
actually, since kids never leave home anymore is should probably ramp up from your state minimum wage (at 16) to 15/hr at like 24 or something.
if you cant obtain the skills to get a job worth 15 an hour by that age you're probably an idiot
>>71102745
So not a libertarian at all.
The minimum wage is nothing more than a price floor, a minimum amount that YOU are allowed to sell YOUR labour. If you cannot be 1.85 times as productive at least as the minimum wage, then you cannot be profitably hired.
The minimum wage is also an infringement on an individuals ability to negotiate contracts.
>>71103269
No, lets get rid of welfare.
>>71103650
Minimum wage workers.
>>71100725
Depends on inflation
>>71104045
Do you live off burgers in the Netherlands? I thought that was an American thing.
nW=G/P
n=Number of jobs
W=Minimum wage
G=Country's GDP
P=Population
>>71104339
That's a lot of people who all do wildly different things. Specifically what skills aren't useful?
>>71102936
Why can't I convince myself this isn't a good idea?
>>71100725
YES IT IS REASONABLE.
I prefer people that competent getting a job that pays well. I think this great for the consumer.
>>71100725
Here in Cali min. wage went up to $10 this year and price increased in every restaurants and stores I go to. I can't imagine what will happen if it's increased to $15.
>>71104952
Imagine this shit on a federal level
>>71104573
Let's calculate for n given a minimum wage of $5
n=? (units of 1,000,000)
W=5.00
G=50,000 (est)
P=350 (units of 1,000,000 est)
n=G/PW
n=(50,000)/(350)(5)
n=28.6million jobs
Now let's raise the minimum wage to $15
n=(50,000)/(350)(15)
n=9.5million jobs
Prove me wrong
>>71100725
After a rise in unemployment and an increase in the cost of goods, sure. We'll just create a new class of unemployed people and lower the standard of living for the sake of a bunch of dumbass populists.
>>71105017
Yeah I really don't know why people don't see this.
>>71105058
Find the max and min of the graph so you can find what's the best solution.
What happens to people who are already earning $15 per hour?
They are now suddenly earning minimum wage. What, you think the employer is going to just raise their wages too?
I can't wait to pay $15 for a Big Mac.
Corporations rule the country and will enjoy jacking up their prices because I bunch of unskilled retards think they deserve $15/h
>>71105428
Perfect, thank you
>>71104952
How the hell are people living 10 dollars an hour in Cali?
>>71104952
luckily you dont have to
california is already raising its minimum wage to that by 2020
>>71104578
By definition, a person working for the minimum wage has nothing above the bare minimum skills to offer.
In most cases, they are being replaced by machines.
If you want to earn $15/hr, provide more than $15/hr of value to your employer.
If you are offering something of value and still work for minimum wage, you have no one to blame but yourself.
>>71105428
Apparently liberal thinking makes it so that they also deserve a raise.
>>71105684
You have like 20 Mexicans living in one house. That's like $200 an hour
>>71105832
Why don't they just settle in less populated/expensive cities/towns?
Why are people even still employed to flip burgers or make coffee? These jobs require basic mechanical motions that machines can handle easily.
>>71106358
They're willing to make themselves cheaper than machines because they have no other option to survive.
>>71100725
No. 100% of the time trying to make a major shift in law/legislation (such as essentially doubling the minimum wage) will not turn out the way thought and have many negative consequences. These stupid niggers want to make it ILLEGAL to pay less than 15 dollars an hour. If you need to ask why this would have a negative impact on a country the size of the usa you should probably sterilize yourself.
>>71104241
If you work full time doing a job that pays enough for you to make a living.
I could go dig up holes for four hours and fill them back in for another four. Where is my $15 an hour? You capitalist pig!
Minimum wage needs to be increased if only to adjust for inflation.
The dollar is worth a lot less than it was 10-20 years ago, but most wages haven't budged.
If you raised minimum wage wouldnt you then need to raise the wage of every other job? Why the fuck would someone want to do a difficult job for $16 an hour when they could get an easy one that makes $15?
The problem with minimum wage is both the left and right is fucking clueless about it.
Minimum wages should be set to the minimum living wages needed for a single adult. Never lower, and never higher. If you want to know why just use google and look up history of cases of minimum wage being lower than minimum living wage and cases where it is higher.
Use this for basic info: http://livingwage.mit.edu/
Here is the history lesson you will find:
-Whenever minimum wage is arbitrarily set HIGHER than living wage it leads to either job loss or noticeable inflation of necessary goods. Landlords also rent hike like crazy. The cost is pushed onto the consumer. Raising minimum wage above the economic living wage for any given area simply raises the bar for the components that cause that living wage to be what it is. ( PROTIP: $15/HOUR IS WAY FUCKING HIGHER THAN MINIMUM LIVING WAGE. STOP SUPPORTING IDIOT POLITICIANS WHO WANT THIS. )
-Whenever minimum wage is LOWER than living wage, it causes a problem where the people who are making minimum wage are unable to make ends meet on a per month basis. This means they end up leaching from the economy in one way or another, either by not putting money back into their local economy, being welfare leeches, or other forms of stagnation. Their inability to sustain themselves without being a shitstain on their local market drives the wages down for everyone else in the area as well, causing the local market to fail in competition with richer markets.
>>71104952
Minimum wage laws should be on a city level, not even state. And especially not on a federal level.
Because I been to small cities where working full time on the federal minimum wage will allow you to buy an okay house with 30 year mortgage. While being single. And all of the restaurants and stores are dirt cheap.
If the wage rises to $15, the economies of those small towns will get destroyed.
>>71101104
You become bankrupt because you're too stupid to run a business
>>71100725
It's alright but prices just get higher to compensate. My friend who visited the US was amazed by how cheap food is over there especially.
Jew propaganda perpetuated by people like Sanders who are trying to sway people away from Trump.
When Trump brings back jobs, the American dream will be reborn. It will go back to the days of when the husband could work full time and be able to support his whole family on one salary.
But Bernie doesn't want this. Bernie hates capitalism, he hates working. That's why he didn't work till he was 40. And when he did, he was a shitty worker who constantly complained about the rich.
A lot of the fight for 15 protesters are shills.
But a lot of them are just retards who would rather be slaves at Taco Bell for their entire lives instead of doing actual work like welding or manufacturing.
Are you sick of being a slave? Then vote Trump.
How can people still defend the minimum wage when you can see the result of it every single time you go shopping
>>71104952
i work at a restaurant in minnesota where we have the min wage increasing over a 3ish year period, every time it goes up, so do our prices
as expected lmao socialists are literally retards and children
No, it will kill small business that can't not afford the massive increase. Then we are only left with monopoly business.
>>71107458
this is exactly why hugely rich people like bill gates advocate for socialism
it fucking benefits them
>>71107458
Small businesses have already been killed for decades by big businesses who can offer cheap shit because they pay low wages.
Do you think the majority of people who are employed at minimum wage or less work in mom and pop stores? Fuck no, they work at Walmart and big fast food chains and so on.
>>71107885
There are many thousands of small businesses currently in operation in the US. Most of them will fail, but they'll be replaced by something else very quickly. There are a lot of online businesses, digital businesses, resellers, etc. that do employ people and pay them decent wages. These businesses would be hurt the most by a minimum wage increase, while companies that report annual incomes in the tens of billions would just absorb the blow until their competition is gone and then soak up the remaining market share. At that point they can do whatever they want with prices, because there's no competition.
>>71107885
Paying people less isn't why big business succeeds. Working at a big supermarket pays a lot more than smaller grocery stores.
>>71100725
Does it make sense to force the same pay everywhere in the US? I mean, I assume rent in NY is somewhat higher than in Chickenchocker, Iowa.
>>71101104
You go out of business.
>>71101240
Hospitality studies is an actual degree you moron.
>>71106753
All wages need to go up.
The value of the dollar has dropped, and businesses are making profits, but the employee wages haven't changed or have actually decreased.
>>71100725
I think you guys grew yourself a nation of lazy neoliberal cucks just this way.
Providing financial goods and sustainability to all the people who didn't really earn it creates the world you westerners live in today.
Please bring back the Pre-World war America, thanks.
>>71108035
Why would businesses who pay decent wages get hurt most by a minimum wage increase?
All it's going to do is ruin the economy
>All the professionals earning under or just above $15 are going to DEMAND a payraise so they don't unfairly earn as much as a McDonald's employee
>MCDonald's will get rid of most of its employees in favor of robots with maybe 2 staff members in any one building
>This means that there's a manager and 1 employee earning $15
>Economy is inflating because of the huge increase in money
>Midwest is fucked over irreparably because of this, but the retarded coastal Socialites don't care about those people
>Robots inevitably take up more and more of the economy
>60% of the economy is slated to be automatized by 2030 anyways
Good job ruining the country, libcucks. Thinking of nobody by yourselves. What about the people living in Wyoming? Nebraska? Iowa? Are they too white/conservative for you to give a shit? People who want a $15 minimum wage are sadistic, selfish assholes.
>minimum wagecucks get their $15/hr
>prices go up everywhere accordingly
>people who work real jobs don't get any kind of raise to compensate for the increased prices, thrown right into poverty despite contributing more than minimum wagecucks
>taxes go up in accordance with the next democrat president
>everything is expensive as fuck
>nobody can afford anything
>minimum wagecucks ask for more money because $15/hr isn't enough after all the prices were raged
>repeat process until the economy implodes in on itself
>somewhere in between all of this, all jobs get outsourced or replaced with machines
>america becomes a third world shithole
>>71108433
*were raised
>>71108128
Yeah, it's great. This dumbass idea will be the consolation prize for me if one of the Dems wins.
Once I can earn $30,000 a year flipping burgers, I won't ever have to work hard or contribute to society again. Apparently this is what the Democrats want, so why fight it?
>>71103981
This. This. So much this.
Is there a better example of Useful Idiots to use to red pill people than this?
>>71100725
serious question, why do these people want to raise the minimum to $15? i earn 11.30$ per hour and have no problem with it.
what do they spend on money on to need that much? if they want a high wage, then go learn a trade or skill or get a degree.
>>71108474
>Once I can earn $30,000 a year flipping burgers, I won't ever have to work hard or contribute to society again. Apparently this is what the Democrats want, so why fight it?
That is a crazy amount of money for something like that. I can only imagine how your small business will suffer. Hell, all businesses.
However, maybe it's a hidden redpill which will gradually lead to labor automation?
>>71102625
>anyone at Starbucks makes minimum wage
>>71108813
Two hundred dollar sneakers and designer clothes
Out of every 10 bucks you pay for burgers, 2 bucks is the work of all of the people in the long production line, 2 is resources spent on in, and 6 is what goes to pockets of those who never contributed.
Enjoy your capitalism.
>>71104244
>The minimum wage is also an infringement on an individuals ability to negotiate contracts.
Capitalism is an infringement on an individuals ability to negotiate contracts. The working class is obliged to take whatever the Capitalist class will offer them for their labour or starve.
>>71109156
>6 is what goes to pockets of those who never contributed.
I think it's called "running a business"
>>71109156
Fo you have a source? I'm not saying you are right or wrong, just curious of what the precise numbers are
>>71109236
Yes. That is exactly why we are all in this shit. Because people are already brainwashed to think it is normal.
You will never be payed anything close to what you are worth as a employee.
But for everything you buy, you will pay much more that is was ever worth.
>>71100725
gonna have to deport illegals to make it even slightly workable sorry sjws
>>71100725
No, but when did that ever get in the way of the Left.
![[american riches heard in the distance].png](https://i.imgur.com/RpMxcNt.png "[american riches heard in the distance].png")
>>71100725
>Is a $15 minimum wage reasonable?
in a small, economically prosperous country? maybe.
in a 1st world country with over 320,000,000 people and a higher than average divide in economic classes? LOL.
it's far better to lower the cost of living than raise the minimum wage.
>>71102625
Starbucks has 191,000 employees in practically every country in the world, so that calculation is a bit off.
But it's true in its core.
the wage isn't the problem. The real problem is how corporations and government keep their boots on the necks of hard workers.
Raising the wage won't solve shit. Those two will just pass laws or cut corners so the profits continue.
15/hr is retarded. Even my gf knows that and she's a Bernie supporter. Slowly falling in love with Trump.
I think if anything, these guys should be protesting the fact that CEOs make way more than they should. Instead of 15/hr, they should be saying that a CEO shouldn't be able to make more than 8-12 times more an hour than the minimum wage employees.
>>71108433
>slippery slope
>>71109034
Also bags of weed
>>71110117
It's not. It's basic economics theory.
>>71101259
So I close my failed business that is not up to Bernie standards, fire both of my employees and go get MUH FREE COLLEGE so I can get a wonderful new low-skill career working for someone else and earning $15 and hour.
>>71109455
Wow, Estonia, didn't you have enough communism in 20th century?
>>71107333
Dumb people only see what they want to see. Automated kiosk machines and assembly machines will be replacing most of the employees at McDonalds in the near future if $15 minimum wage goes into effect.
>>71106875
>>71108162
>leftists unironically fighting the ultra-wealthy by destroying their small business competition
You people are retarded.
>>71100725
Only if it's being given to people that are worth $15 an hour.
>>71109455
We still have that very communism.
Just a little bit of restrictions on who can be considered a part of it.
Everyone else (e.g. most of the nation) does not count for humans and cannot expect to profit from this communism.
I can give an example of how capitalism works in Estonia.
Oil price rises? Well, we want a similar increase of our share, increase taxes.
Oil price falls? Well, its not like we want OUR profits to fall, increase taxes.
Oil price stable? Well, taxes did not change for a long while but artificially crafted average income did increase, raise the taxes.
>>71100725
Yup.
>>71110342
And there's nothing wrong with that, the same thing happened when machines became cheaper than humans in other sectors like industrial production or agriculture.
God, pick up an entry level macroeconomics book and you fucking retards can go back to huffing queefs. Raising minimum wage past a certain equilibrium point only increases unemployment and raises inflation. $15 is crazy. You think corporations will be just happy to have 90% of their profits taken from them? No. First thing they're going to do is look to raise prices, which causes stagnation in the lower to middle class people's incomes, leaving higher class in the same place and sinking middle to the lower.
>>71100725
Living in Texas I can afford to split rent 3 ways for a crappy 3 bedroom apartment while working 35-50 hours per week at a rate between $8-9. I could get buy more comfortably around $10 and stay where I am or $12 would improve my life noticeably and even let me quit one of my two jobs. Assuming the economy would just adjust to put me back in where I started any increase might be a temporary boon. I fear $15 would force a dramatic shift in prices, but I can see how people on the coasts would need it being so expensive to live there. Maybe half the issue is just people getting priced out of living in some states. The other half is detrimental effect below minimum labor creates so maybe we should just build a wall and pay all jobs decently.
why are conservashits always against technology?
is it because you realize socialism will be necessary when robots do all the work?
always standing in the way of human progress aren't you?
>>71100725
in washington state?(and other coastal states)
yeah
in the whole entire country?
no
>>71109179
>or starve
F
A
R
M
S
>>71102745
Like all government economic meddling, a $15 minimum wage hurts small business the most while large, multinational corporations can get out mostly unscathed.
If you're pro regulation you're pro corporatism.
>>71100725
Fuck no.
I just got back from a fast food restaurant that turned off the mic in the middle of me placing an order. An order they should'nt have asked for if they weren't willing to serve it. They weren't going to stay 1 minute longer, customer service/customer satisfaction/job security is the last thing they care about
>>71104075
Honestly I think wage stagnation was imposed by the eilite. After all if too much prosperity came to everyone we would burn through our finite resources faster. I honestly think that corporations, banks, and even the government actively try to purposely slow/stop wealth prosperity to all because the ecnomic system could not handle having it's materials drained that fast.
>>71107885
Walmart and Amazon pay more than minimum wage
>>71101104
I feel like these people don't know if they do raise it that high they'll be working like dogs and have no time to fuck around
>>71109455
Something is worth exactly as much as someone is willing to pay it dipshit.
Still waiting for those numbers, by the way.
>>71110112
A maximum pay is even more unfeasible than a minimum one at 15$.
A capable CEO will just drop his place and move to another country where he is paid more. But seriously, the pays of CEOs are a drop in the water and they are paid that much because they are actually worth it. Everyone can serve coffee, few can manage billions of dollars.
i'd quit my job, honestly. why would i work my difficult job for 16 an hour when i just serve coffee for 15 an hour?
>>71113500
CEO'S literally don't need salaries.
I make 15$ a year already with raises to come on their own. I hope these fucks in california who push so hard to be the minimum wage get replaced by machines rather than my pay to be worth less. Their own damn fault for not knowin how to advertise yourself for a better job.
If we're going to have a minimum wage they should at least keep it up with inflation.
1968 levels in modern USD would be around $10.55 or so. Round up to $11/hr and that's where it should be.
Either that or get rid of min wage and income tax.
>>71108433
Except IRL it wouldn't really raise the prices that much.
Not all labor is $15/hr and under.
Not that I support raising it to 15, but realistically we would see price increases that would be underwhelming at best if we did.
>>71111267
No one gives a shit-- go to a different restaurant.
Is this a reddit shill thread or are half the people here retarded and not know what budgeting is? Seriously don't you people realize that lets say Joe's Resteraunt has a limit of 100 dollars an hour he can devote to labor costs. Right now his wages are 10 dollars for his 10 employees. Raise the minimum wage to 15 and now Joe can only hire 9 people without going over his budget. Mind you if he goes over his budget he might not have enough to pay for the business be it rent so on so forth.
See, what happens then is now less people benefit from what used to benefit more people creating more unemployment! Wow I've never realized retards and Bernie/Reddit shills want people to be miserable!
It is in Australia
>>71100725
Why not make it 10000$?
>>71100725
I don't know. Is $300,000 a year with annual bonuses of up to a million dollars to an employee who contributes the least to a corporation's bottom line, reasonable?
$15 is way too low; I get $21/h working at Subway lel. Poor 3rd-world Americucks, getting raped by your corporate masters and basically thanking them for it..
>>71118072
But lot of Australian McDonalds had those automatic things. It was so weird. I had never used one before. It was like stepping into the future.
>>71100725
It would be reasonable if you gradually built up to it, not if you made a drastic jump to $15 for everyone overnight.
I'd say it's reasonable to raise the federal minimum wage to $9 right now, most can afford that. If minimum wage advocates are right, then this should boost the economy, and society can afford to raise the minimum wage a few bucks more in a couple years. Gradually work up to it.
If you suddenly raise it to $15 like tonight, a lot of businesses are going to be in a lot of trouble and the economy is going to take a huge hit. Some businesses won't be able to afford to pay all of their employees that much. You think it's not that much but it adds up per hour per employee.
Some businesses will then be forced to fire people. Those people will then be unemployed and thus have no money to spend into the economy. So the economy will get smaller and weaker, and this will be a cycle that will wreck the economy.
>>71118194
McDonald's is rolling those out worldwide, no other fast-food place here is even thinking about it..
>>71104952
>price increased
But...But...that's inflation, they said that wouldn't happen.
It's good hamburger is more expensive, it shouldn't be everyday food anyway
Back when I was a kid we went to McDonalds once a year when it was time to celebrate
>>71118194
We have those things in switzerland too and in Zurich there's the first 90% automated large mcd restaurant. 100 seats and just 3 people working there per shift. Two to make burgers/fries and one to clean the toilets/tables.
>>71112245
Amazon has adopted an interested strategy here in Germany. For their pleb workforce they almost exclusively hire people who were unemployed for longer than 2 years, which means they can get their wage subsidized by the gubment for the first 6 months. Then they fire them and pick new sheep from the pool.
Why not bump it by 1 dollar or something?
Then you can do another 1 dollar in few years, seems like a way more reasonable solution than going DOUBLE IT right off the bat.
![large[1].jpg](https://i.imgur.com/R3Af6QC.jpg "large[1].jpg")
>Be Bernie Sanders
>Call for $15 an hour minimum wage
>Pay interns $12 an hour
>Doesn't realise cost of living will balance it out every time anyway
He really is a fucking plank.
t. basement dwellers who never worked a day in their life defending employers over employees
>>71119279
They dream of becoming "small business" owners and don't want their slaves to get rights.
>>71119144
i wish the minimum wage was lower so i could of gotten a job when i was younger, even if it was like 10 hours a week at a gas station or something. so fucking stupid. these people don't get that the you could melt 5 quarters in 1965 (minimum wage) and get $17 of purchasing power today. fix the money not the wages. :\ always ignoring the jewish federal reserve
>>71119144
>Not realising interns are exempt from minimum wage legislation and are usually paid nothing.
>>71119664
>incoherent rant
What's your point exactly?
>>71119769
He should lead by example
>>71119796
In 1964 the minimum wage was $1.25.
In 1964 the cost of 1 silver ounce was $1.29
In 1964 the melting value of 5 quarters (your minimum wage) was $1.29 (with copper calculated in few cents more)
---
In 2016 the minimum wage is $8.10
In 2016 the cost of 1 silver ounce is $15
In 2016 the melting value of 32 quarters (your minimum wage) is $0.97
–
Here is the link for the Coinage act of 1965, Nixon later later suspended the convertability of dollars to gold in 1971 making the dollar a fully fledged fiat currency. https://en.wikipedia.org/wiki/Coinage_Act_of_1965
http://vm136.lib.berkeley.edu/BANC/ROHO/projects/debt/terminationgolddollar.html
>>71100725
>some island country in the middle of nowhere cobbled together by some criminals can have a livable minimum wage
>meanwhile the richest country in the world cannot
Explain this burgerfats.
>>71103577
10000% this
The funny thing is that a higher minimum wage essentially fucks all the people voting for it and helps the business owners.
At $15/hour I wouldn't be surprised if machines would be more cost efficient for 90% of the minimum wage jobs.
The reality is there are only two ways to solve unemployment. Lower the cost of life so much that you can afford to give everyone a default wage (this would take many decades of technological advances to be reasonable and would result in a huge economic depression during the development of it), or completely remove the concept of a minimum wage and let people decide what they are and aren't willing to work for.
>>71120418
Fuck off, workers at our main supermarket chains here get well over $20 an hour, yet prices are STILL significantly cheaper than even Wal-Mart in Canada with their $10 minimum wage, not to mention Zehrs/Loblaws. You're being fucked hardcore.
>>71120949
>australia
lol
>>71119872
Paying usually unpaid interns well over current minimum wage is leading by example. Also note that he doesn't advocate an immediate jump to 15, but a incremental series of increases. Get the facts before you post, m9.
>>71100725
>fighting for 15 min wage
>australia has 17 already
>>71121023
>leaf
>has lower effective minimum wage than the US
>still pays twice as much for groceries
Pathetic desu. Our checkout operators are probs paid more than your doctors lel, Canada 3rd world confirmed.
What negative consequences would increasing the min wage to $20 have that increasing it to $15 wouldnt have?
>>71121328
>implying I'm a nigger that feels the weight of economic issues
have fun with your fucking emus lmao
Anybody have the screenshot of the guy that calculated his earning before and after the wage increase and how his business would fail
>>71118072
you know of a thing called a conversion rate, right? Between AUS and USD
>>71118194
Those are here too now.
I always had problems with cashiers fucking up my orders, now these cut out the middle woman.
Wonder what will happen when more women have to start working in the back doing the burger building. Will they scream sexism that their cash jobs are being replaced and they are forced to do the "mens" job in the back?
I say this because every girl that I have ever met who works at Mcdicks or is applying works on or is applying for cashier. I ask why not work in the back and they say either "we are not allowed" or "women work in the front on cash and men work in the back".
>>71121156
He has been advocating for £15 minimum wage and if he is going to bother paying interns why not pay them $15 rather than $12 which just happens to be minimum wage, it would make a political statement.
And being gradual makes no sense at all, it would come into effect in the new tax year but it would still be $15 an hour, so get YOUR facts right m9.
>>71103215
Well, do fast food and other minimum wage jobs generate at least $15/hr in revenue?
>>71102936
So $800/year guaranteed, but the rest compounds annually at a shit rate?
I just got a dollar raise, which is pay increase of $2080. The downside is that it puts me in a new tax bracket from 15% to 25%.
Increasing the minimum wage to $15/hr is great. But I'm not sure if its supporters have calculated the implications of what it will do to their tax bill. They'll miss the earned income tax credit and the hefty tax refunds.
>>71122841
>I ask why not work in the back and they say either "we are not allowed" or "women work in the front on cash and men work in the back".
As a former McDs worker I tell you why this happens. Because female cashier is more attractive. Same happens in grocery stores, no one will hire you if you're ugly guy. I was pretty attractive when I was younger so they often wanted me to do customer service.
>>71100725
All the gibmedat dindus in the crowd
Why am I not surprised
>>71123626
Speaking of taxes, you also have to keep in mind that employers have to match taxes you pay as well. 15 dollars an hour ends up coming out to around 17 after taxes.
>>71101210
>dbest
Nice Id friend
>>71103407
They need to cut that shit out. Fucking commie from California moving here raising prices and then bitch about not having stupid commie shit that ruined their state.
>tfw make 60,000 in salary
feels comfy tbqhwy
