Obama wants to increase minimum wage

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“Don't let em take ur liberties”

Since: Jul 12

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#1
Feb 13, 2013
 

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Inflation that is the result. Is that what he wants?
hawkeye

Dornsife, PA

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#2
Feb 13, 2013
 

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Yes, a 24% increase in the minimum wage will surely fuel inflation. But that increase in the minimum wage is a vital part of our President's redistribution agenda.

The minimum wage has always been viewed as a stepping stone, a starting point for people entering the workforce without first securing a skill set. Our president sees the minimum wage as a career goal for wage earners. He is looking at the minimum wage as a means for getting a family of four out of poverty.

If someone is old enough to have a family and two kids, his boss must not think much of him if he is still stuck in a minimum wage job.

“Commander & Chef”

Since: Sep 11

Saint Marys, GA

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#3
Feb 13, 2013
 

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If enacted, it will only increase unemployment among the marginally skilled workers.

A worker is both a production point and a cost point when evaluating a business' viability. In order to be hired or retained a worker must be able to produce through their work a value greater than the employer's cost of hiring them. That cost includes their wage, the employer's share of any taxes (the employer's share is really paid by the worker), the cost of government reporting mandates, healthcare (if any), holiday pay, vacation time, etc.

This is an immutable law of economics. It can not be changed by a whim or a statute. If the worker can not cover their costs, plus a small profit, through their labor than they will be discharged or never hired.
The Taxman

Herndon, PA

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#4
Feb 13, 2013
 

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Since we have about a 70% consumer driven economy, any increase in minimum wage increases spending by minimum wage consumers and we all benefit. It's not a tough concept. I think 17 or more states already have a higher than federal minimum rate in-place. Plus a number of municipalities do as well. Treating those less fortunate among us with a decent wage is both the right thing to do as well as the Christian thing to do. Let's all hope for the countries sake, Republicans will support their country - and not just the wealthy/corporate - and vote in favor of this much needed initiative.
facts

United States

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#5
Feb 13, 2013
 

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The Taxman wrote:
Since we have about a 70% consumer driven economy, any increase in minimum wage increases spending by minimum wage consumers and we all benefit. It's not a tough concept. I think 17 or more states already have a higher than federal minimum rate in-place. Plus a number of municipalities do as well. Treating those less fortunate among us with a decent wage is both the right thing to do as well as the Christian thing to do. Let's all hope for the countries sake, Republicans will support their country - and not just the wealthy/corporate - and vote in favor of this much needed initiative.
This in incorrect. Raising the minimum wage has two bad effects. The first is it makes it more difficult for young people to enter the work force and start their careers. A career is a succession of positions with more responsibility and higher pay. The first job is typically unskilled at a low wage. If nothing else it serves to motivate people to work harder and advance their career. It is important to get young people in the "system" and low minimum wages help this happen. Raising the minimum wage will do nothing but increase unemployment for young people and make it harder for them to start a career. Secondly, if you make the minimum wage too high it will discourage people from improving themselves and advancing their career. The importance of this cannot be overstated and is fundamental to a healthy capitalistic economy.

“Commander & Chef”

Since: Sep 11

Saint Marys, GA

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#6
Feb 13, 2013
 

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The Taxman wrote:
Since we have about a 70% consumer driven economy, any increase in minimum wage increases spending by minimum wage consumers and we all benefit. It's not a tough concept. I think 17 or more states already have a higher than federal minimum rate in-place. Plus a number of municipalities do as well. Treating those less fortunate among us with a decent wage is both the right thing to do as well as the Christian thing to do. Let's all hope for the countries sake, Republicans will support their country - and not just the wealthy/corporate - and vote in favor of this much needed initiative.
Not true.

To the extent that increased wages are passed on in the form of higher prices, that just means that the buyers have less money to spend elsewhere. Just rearranging the deck chairs.

Increasing the minimum wage WILL result in workers being fired where they can not produce enough to justify their increased wage rate. Their lost wages are not available to be spent.

As far as being the Christian thing to do, enforced charity is no longer charity. Charity must be a purely voluntary act that comes from the heart.
Simplistic dolt

Cumming, GA

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#7
Feb 13, 2013
 
facts wrote:
<quoted text>
This in incorrect. Raising the minimum wage has two bad effects. The first is it makes it more difficult for young people to enter the work force and start their careers. A career is a succession of positions with more responsibility and higher pay. The first job is typically unskilled at a low wage. If nothing else it serves to motivate people to work harder and advance their career. It is important to get young people in the "system" and low minimum wages help this happen. Raising the minimum wage will do nothing but increase unemployment for young people and make it harder for them to start a career. Secondly, if you make the minimum wage too high it will discourage people from improving themselves and advancing their career. The importance of this cannot be overstated and is fundamental to a healthy capitalistic economy.
You are ignoring the concept of malinvestment. Not every job is worth doing, or benefits the broader economy. A classic example is the way the agricultural economy of the South, based on cheap labor, had no incentive to mechanize, while the northern agricultural states, faced with chronic labor shortages, invested heavily in equipment to increase productivity per labor hour.
huge e

Saint Marys, GA

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#8
Feb 13, 2013
 
The Taxman wrote:
Since we have about a 70% consumer driven economy, any increase in minimum wage increases spending by minimum wage consumers and we all benefit. It's not a tough concept. I think 17 or more states already have a higher than federal minimum rate in-place. Plus a number of municipalities do as well. Treating those less fortunate among us with a decent wage is both the right thing to do as well as the Christian thing to do. Let's all hope for the countries sake, Republicans will support their country - and not just the wealthy/corporate - and vote in favor of this much needed initiative.
Wel you are the taxman, maybe accountant. Economist?Every person that has a minimum wage job will cause every good that person makes to increase in cost. Not just that dollar amount but a percentage more increase. So if that minimum wage earner gets a 10 cent per hr increase and makes 100 hamburgers that cost $1 each then each hamburger goes up. How much?
Taxes go up. How much?
That is inflationary.
And the 10 cent per hr raise will get him one hamburger (free) for about 12 hrs. labor. Really wasn't fee because everything else in his life went up.
Anon

Herndon, PA

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#9
Feb 13, 2013
 

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facts wrote:
<quoted text>

Secondly, if you make the minimum wage too high it will discourage people from improving themselves and advancing their career.
This is a shockingly stupid and incorrect assertion not based in fact or reality?

I can guarantee you none of our citizens opt to stay in a minimum wage position because it affords a comfortable quality of life for them and their family.

Unless of course you're actually Republican Mitt Romney and believe this fantasy scenario. Oh no, wait, sorry, I forgot you recanted that statement repeatedly didn't you.
Simplistic dolt

Cumming, GA

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#10
Feb 13, 2013
 
huge e wrote:
<quoted text>Wel you are the taxman, maybe accountant. Economist?Every person that has a minimum wage job will cause every good that person makes to increase in cost. Not just that dollar amount but a percentage more increase. So if that minimum wage earner gets a 10 cent per hr increase and makes 100 hamburgers that cost $1 each then each hamburger goes up. How much?
Taxes go up. How much?
That is inflationary.
And the 10 cent per hr raise will get him one hamburger (free) for about 12 hrs. labor. Really wasn't fee because everything else in his life went up.
Alternatively, management could invest in more efficient hamburger equipment, providing good jobs for those who make, install, and service that equipment.

You're not very good at this are you?

“The one and only! ”

Since: Oct 10

St. Marys, GA

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#11
Feb 13, 2013
 

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The Taxman wrote:
Since we have about a 70% consumer driven economy, any increase in minimum wage increases spending by minimum wage consumers and we all benefit. It's not a tough concept. I think 17 or more states already have a higher than federal minimum rate in-place. Plus a number of municipalities do as well. Treating those less fortunate among us with a decent wage is both the right thing to do as well as the Christian thing to do. Let's all hope for the countries sake, Republicans will support their country - and not just the wealthy/corporate - and vote in favor of this much needed initiative.
Okay.$18.00/hour would be twice as "right" and "Christian." Do you favor that over the proposed $9.00? Why/why not?

“The one and only! ”

Since: Oct 10

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#12
Feb 13, 2013
 

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Anon wrote:
<quoted text>
This is a shockingly stupid and incorrect assertion not based in fact or reality?
I can guarantee you none of our citizens opt to stay in a minimum wage position because it affords a comfortable quality of life for them and their family.
Unless of course you're actually Republican Mitt Romney and believe this fantasy scenario. Oh no, wait, sorry, I forgot you recanted that statement repeatedly didn't you.
Ah, but if you throw in some WIC vouchers, food stamps, earned income credits, Obamacare, Pell grants, an Obama phone, and more voting incentives to be announced later in Obamanation's second term, they'll stay on minimum wage and the Dem plantation from womb to tomb.
Gvmt Dependant

Kingsland, GA

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#13
Feb 13, 2013
 

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Moreno Jay wrote:
<quoted text>
Okay.$18.00/hour would be twice as "right" and "Christian." Do you favor that over the proposed $9.00? Why/why not?
No thank you, I'm happy. I'll keep for my welfare payments, extended unemployment, SSI and food stamps. The application I filed last month is going to increase my SSI well above $18.00 per hour.

There is no way I could maintain my standard of living on $18.00 per hour.
Really

Kingsland, GA

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#14
Feb 13, 2013
 

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I need that $9.00 per hour. No benefits. Mr. Boss says he will never put me on full time because of Obama care. Thank goodness the Democrats and President Obama are taking care of me.

“Tacitus gives us evidence”

Since: Nov 12

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#15
Feb 13, 2013
 
Really wrote:
I need that $9.00 per hour. No benefits. Mr. Boss says he will never put me on full time because of Obama care. Thank goodness the Democrats and President Obama are taking care of me.
You know, that if this guy had some aspiration he would do what is necessary to pull himself up. The military build men and trains them in many ways.

“Tacitus gives us evidence”

Since: Nov 12

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#16
Feb 13, 2013
 
Poor ole Taxman. I hope your business is better than your posts. You remind me of the Pied Piper.
facts

United States

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#17
Feb 13, 2013
 
Simplistic dolt wrote:
<quoted text>
You are ignoring the concept of malinvestment. Not every job is worth doing, or benefits the broader economy. A classic example is the way the agricultural economy of the South, based on cheap labor, had no incentive to mechanize, while the northern agricultural states, faced with chronic labor shortages, invested heavily in equipment to increase productivity per labor hour.
I am not sure what your point is or if you even have one.
facts

United States

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#18
Feb 13, 2013
 
Anon wrote:
<quoted text>
This is a shockingly stupid and incorrect assertion not based in fact or reality?
I can guarantee you none of our citizens opt to stay in a minimum wage position because it affords a comfortable quality of life for them and their family.
Unless of course you're actually Republican Mitt Romney and believe this fantasy scenario. Oh no, wait, sorry, I forgot you recanted that statement repeatedly didn't you.
Why don't you try actually reading my post. I find it shockingly stupid that you seem incapable of doing that.
Simplistic dolt

Cumming, GA

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#19
Feb 13, 2013
 
facts wrote:
<quoted text>
I am not sure what your point is or if you even have one.
Because of cheap labor provided by slavery, and sharecropping after that, southern planters had no need to increase productivity per labor hour. All they needed to make more profit was increase the number of slaves they owned. The free agricultural states invested in technology to increase productivity per labor hour, thus increasing their profits. Northern states economies grew GDP per capita at a much faster rate than we did.

If labor costs are higher, than there is an incentive to increase productivity, but with a constant flow of illegal aliens that will never happen.
facts

United States

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#20
Feb 13, 2013
 
Simplistic dolt wrote:
<quoted text>
Because of cheap labor provided by slavery, and sharecropping after that, southern planters had no need to increase productivity per labor hour. All they needed to make more profit was increase the number of slaves they owned. The free agricultural states invested in technology to increase productivity per labor hour, thus increasing their profits. Northern states economies grew GDP per capita at a much faster rate than we did.
If labor costs are higher, than there is an incentive to increase productivity, but with a constant flow of illegal aliens that will never happen.
This has nothing to do with the Gov trying to interfere with free enterprise by dictating wages.

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