Employers need to hire as many workers as are required to accomplish their business goals.
I'd venture to say that many of these employers will simply fold and go out of business. Some of them will be pushed into the black market economy.
When Workers Come Together
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_ajax18
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Re: When Workers Come Together
I'd venture to say that many of these employers will simply fold and go out of business. Some of them will be pushed into the black market economy.
And when the confederates saw Jackson standing fearless as a stone wall the army of Northern Virginia took courage and drove the federal army off their land.
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_EAllusion
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- Joined: Tue Dec 04, 2007 12:39 pm
Re: When Workers Come Together
Min wages, if too high, will cause a combination of unemployment and inflation. However, min wages currently happen to be so low that this is very unlikely to happen to a significant degree with most labor. Unemployment rates in particular is unlikely to be affected by the type of hikes that are currently being proposed. There indeed are profit margins to eat into. This goes to the other other side of min wages, which is that they have a suppressive effect on wages if the value is set too far below the natural market rate because it has the effect of starting the psychological negotiating point artificially low. Right now, min wage is mostly helping to keep some people's wages lower than they otherwise would be.
Min wages suck as a wealth redistribution program. The people min wage increases hurt the most are those who would have been making just above min wages. Their pay doesn't increase. They just now end up being min wage workers. They lose a little status and they are the pool of people who are hurt the most by any inflationary pressure or increased job competition.
Essentially the wealth redistribution comes disproportionately out of people least able to afford it.
Things like the EIC or even a more radical approach like a universal basic income can be funded through progressive taxes and have less direct distorting effects on the market. If the goal is to redistribution wealth to the poor for a sustainable living, that's a more efficient, more fair way to do it.
Min wages suck as a wealth redistribution program. The people min wage increases hurt the most are those who would have been making just above min wages. Their pay doesn't increase. They just now end up being min wage workers. They lose a little status and they are the pool of people who are hurt the most by any inflationary pressure or increased job competition.
Essentially the wealth redistribution comes disproportionately out of people least able to afford it.
Things like the EIC or even a more radical approach like a universal basic income can be funded through progressive taxes and have less direct distorting effects on the market. If the goal is to redistribution wealth to the poor for a sustainable living, that's a more efficient, more fair way to do it.
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_EAllusion
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Re: When Workers Come Together
If you make the min wage $25 an hour for harvesting grapes, that's probably going to spike the cost of making grapes enough to pass that cost onto the consumer. And if people aren't willing to pay considerably more for grapes, then that means there's less demand for them, which means fewer grape harvesters and fewer people enjoying grapes. And if people do like their grapes so much that they are willing to divert more of their discretionary income towards them, then that means demand for other goods or services will correspondingly decrease and employment in those sectors will be hurt.
You can't just arbitrarily raise a min wage to a level you think would be nice. If it were that easy, we would just make min wages very high and be done with it.
You can't just arbitrarily raise a min wage to a level you think would be nice. If it were that easy, we would just make min wages very high and be done with it.
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_Quasimodo
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Re: When Workers Come Together
ajax18 wrote:Employers need to hire as many workers as are required to accomplish their business goals.
I'd venture to say that many of these employers will simply fold and go out of business. Some of them will be pushed into the black market economy.
I don't think so. The minimum wage increase is not that much in comparison to profit margins in general. If you are talking about marketplace competition, it is not a factor since the wage increase will effect all employers equally and no one company would have an advantage in wage overhead.
I agree that the consumer may have to pay a few cents more for a Whopper, but I can't see that as much of a factor in consumer choices since the few cents will be factored in to everyone's burgers.
This, or any other post that I have made or will make in the future, is strictly my own opinion and consequently of little or no value.
"Faith is believing something you know ain't true" Twain.
"Faith is believing something you know ain't true" Twain.
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_Bach
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Re: When Workers Come Together
Quasi
Ever run a profitable business or invest capital in one that did?
Ever run a profitable business or invest capital in one that did?
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_Kevin Graham
- _Emeritus
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Re: When Workers Come Together
I'd venture to say that many of these employers will simply fold and go out of business.
Ajax, why do you think a majority of small business owners support an increase in minimum wage? You speak as if you've never owned or operated a business before.
Oh, wait...
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_Bach
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Re: When Workers Come Together
Kevin Graham wrote:I'd venture to say that many of these employers will simply fold and go out of business.
Ajax, why do you think a majority of small business owners support an increase in minimum wage? You speak as if you've never owned or operated a business before.
Oh, wait...
Quasi
Ever run a profitable business?
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_Kevin Graham
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Re: When Workers Come Together
Bach, ever think about not being a troll?
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_Bach
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Re: When Workers Come Together
Ever make a payroll Kevin?
I didn't think so.
I didn't think so.
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_Bach
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Re: When Workers Come Together
Why do folks here complain about success?
Why do the likes of KG, EA et al, complain that owners of companies make money?
Why is it that these same naïve individuals don't complain how inefficient and wasteful govt (Union) employees are at their jobs. Can't fire them, can't motivate them and need to replace them!!!
Why is that none here have ever created jobs through risk and capital but just complain about others being successful?
Take Walmart since it seems to be the flavor and furor of the month:
Why do the Walton family members become the enemy of liberals because they profit for their risk taking investment and rewards of a great idea and business model?
Why shouldn't they be commended for the million of jobs they have created?
Why shouldn't the be commended for their model of being the low cost provider of goods and staples to the very American families that need such pricing the most? By their very intent - they keep prices low through competition and practice.
And why is it that the American public is not boycotting Walmart with their wallets if it such a terrible corporate citizen? How can they generate such sales if they are doing a disservice to their consumers? What is a more economical replacement to their existence - the government?!!!!
Better yet - why aren't the employees of Walmart walking out from the very jobs the company has created for millions?
For all those who have never created a job in their lives, yet spend most their lives here on Shades's board complaining about the success of those who have, what is your astute business model that will address your naïveté?
Hint: if you want higher wages, better jobs, a brighter future for workers and our society - create an economic model where capital will be willing to invest in prosperous commerce.
It's not the Walmarts of the world - it's our government. When they push to stymie free enterprise (because they can't control such enthusiasm) and push the middle and lower class to Govt dependency - they creat the perfect sea for low wages and no future the middle and lower class.
Not difficult to understand - just tough to admit!
Our consolidated payroll just topped $50 million in 2015. Couldn't be prouder of positively affecting that many lives.
But I have no doubt most here would complain and could do better just because we made money!!!
Bach
2nd Counselor
Posts: 406
Joined: Wed Oct 09, 2013 4:41 pm
Top
Why do the likes of KG, EA et al, complain that owners of companies make money?
Why is it that these same naïve individuals don't complain how inefficient and wasteful govt (Union) employees are at their jobs. Can't fire them, can't motivate them and need to replace them!!!
Why is that none here have ever created jobs through risk and capital but just complain about others being successful?
Take Walmart since it seems to be the flavor and furor of the month:
Why do the Walton family members become the enemy of liberals because they profit for their risk taking investment and rewards of a great idea and business model?
Why shouldn't they be commended for the million of jobs they have created?
Why shouldn't the be commended for their model of being the low cost provider of goods and staples to the very American families that need such pricing the most? By their very intent - they keep prices low through competition and practice.
And why is it that the American public is not boycotting Walmart with their wallets if it such a terrible corporate citizen? How can they generate such sales if they are doing a disservice to their consumers? What is a more economical replacement to their existence - the government?!!!!
Better yet - why aren't the employees of Walmart walking out from the very jobs the company has created for millions?
For all those who have never created a job in their lives, yet spend most their lives here on Shades's board complaining about the success of those who have, what is your astute business model that will address your naïveté?
Hint: if you want higher wages, better jobs, a brighter future for workers and our society - create an economic model where capital will be willing to invest in prosperous commerce.
It's not the Walmarts of the world - it's our government. When they push to stymie free enterprise (because they can't control such enthusiasm) and push the middle and lower class to Govt dependency - they creat the perfect sea for low wages and no future the middle and lower class.
Not difficult to understand - just tough to admit!
Our consolidated payroll just topped $50 million in 2015. Couldn't be prouder of positively affecting that many lives.
But I have no doubt most here would complain and could do better just because we made money!!!
Bach
2nd Counselor
Posts: 406
Joined: Wed Oct 09, 2013 4:41 pm
Top