Raise minimum wage to $15 per hour.
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Truth

Utica, NY

#23 Aug 5, 2013
What if wrote:
the minimum wage was increased to $10-$15 per hour? What happens to those who started at minimum wage and worked their way up to $10-$15+/hr? They would all need raises too. So to say raise it to even $10/hr is not very bright. Minimum wage jobs aren't for trying to support a family. If that's the best job you can get...work 2. Sadly, I've seen the wage rates go down on some jobs needing skilled workers as the need for employment increased. Greedy employers who can have the pick of the litter for dirt pay. It's time big companies cut executive 6 figure bonuses and passed it down to employees and consumers. Doing away with 1 6 figure bonus could save lots of jobs. They have enough money already!
I agreed with you up until the greedy employer part. Your point about those who have worked their way up is especially well taken.

The money that any business makes belongs to the owner(s) to do with as they please. Employees have no claim on anything above and beyond the compensation they agreed to when they took the job. If you have two cars and a big house that you worked/paid for and want to keep them, is that greedy? The money belongs to the owner no matter how much it is and it is no one's business but theirs how they spend it. That includes bonuses. End of story.

Any smart business person likely knows that good, qualified people are a big asset and that they need to be taken care of in order to ensure success. That doesn't mean those people are entitled to any more of the profit than the owner is willing to give though. Do those same employees who complain about executive compensation and bonuses share in the losses in a down market? No, not generally. So why then should they be entitled to more of the profit in good times?

The problem with the people making laws is that most don't understand even the most basic principles of business. They deal on an emotional level and can garner a lot of political support by telling you how greedy business owners are and how you deserve better.
What if

Waterville, NY

#25 Aug 5, 2013
Truth wrote:
<quoted text>
I agreed with you up until the greedy employer part. Your point about those who have worked their way up is especially well taken.
The money that any business makes belongs to the owner(s) to do with as they please. Employees have no claim on anything above and beyond the compensation they agreed to when they took the job. If you have two cars and a big house that you worked/paid for and want to keep them, is that greedy? The money belongs to the owner no matter how much it is and it is no one's business but theirs how they spend it. That includes bonuses. End of story.
Any smart business person likely knows that good, qualified people are a big asset and that they need to be taken care of in order to ensure success. That doesn't mean those people are entitled to any more of the profit than the owner is willing to give though. Do those same employees who complain about executive compensation and bonuses share in the losses in a down market? No, not generally. So why then should they be entitled to more of the profit in good times?
The problem with the people making laws is that most don't understand even the most basic principles of business. They deal on an emotional level and can garner a lot of political support by telling you how greedy business owners are and how you deserve better.
Point taken. It's true, most of the execs have a higher level of education and experience. Not always the case where they pay the price if business bombs for a quarter or two. Lay off a bunch of low paid employees and still receive a bonus. We all remember the bank bail outs.
Reality

Utica, NY

#26 Aug 5, 2013
Truth wrote:
<quoted text>
The labor market is what it is.
Simple supply and demand. If there were no people applying for the jobs then employers would have to raise the ante. It's up to the individual to make themselves more valuable and marketable. It's not up to the employer to provide any more compensation that is necessary to keep the doors open. In fact, and CEO who bases compensation on lifestyle rather than the value of a job should be fired.
Want to blame someone for the lack of good middle class jobs? Blame organized labor. It has been and continues to be the reason for loss of jobs in America.
Living wage vs. lifestyle is a completely different subject. Nowhere in my post did I advocate that any CEO should base compensation on a lifestyle. Again, cost of living/living wage vs. lifestyle are 2 entirely different things. The other thing that is being disregarded is that minimum wage jobs are minimum wage because they are meant to be a starting point for people entering the workforce, NOT a means of supporting oneself or a family. However, due to the "practices" of our lovely government AND the business world over the past few decades, the cycle of employment has been drastically reduced to where many people who have experience beyond their employment have no choice but to take whatever they can find, even minimum wage. Again, another completely different discussion.
Joey the Dude

Utica, NY

#27 Aug 5, 2013
A minimum wage job is not intended to be a career. These are supposed to be part time jobs for high school kids and college students or as a starting position to move up from when the employee shows a little skill and eagerness to improve themselves.

If the min is raised to $15, the employers will have a much better crop of applicants and those working now would get pushed out.

The choice between a college grad having a hard time finding a job in his field of study and a HS dropout who can't make change and is covered with tats would be a very easy one.
Truth

Utica, NY

#29 Aug 6, 2013
Reality wrote:
<quoted text>
Living wage vs. lifestyle is a completely different subject. Nowhere in my post did I advocate that any CEO should base compensation on a lifestyle. Again, cost of living/living wage vs. lifestyle are 2 entirely different things. The other thing that is being disregarded is that minimum wage jobs are minimum wage because they are meant to be a starting point for people entering the workforce, NOT a means of supporting oneself or a family. However, due to the "practices" of our lovely government AND the business world over the past few decades, the cycle of employment has been drastically reduced to where many people who have experience beyond their employment have no choice but to take whatever they can find, even minimum wage. Again, another completely different discussion.
Living wage and lifestyle are pretty much the same thing. What you call the "living wage" is based on what? It's based on the amount needed to live a pre-defined lifestyle.

Here's a link to a "living wage" calculator from MIT. This is the page for Oneida County. Look at what goes into making the calculation. Those are all things that define one's lifestyle.
http://livingwage.mit.edu/counties/36065
Truth

Utica, NY

#30 Aug 6, 2013
What if wrote:
<quoted text>
Point taken. It's true, most of the execs have a higher level of education and experience. Not always the case where they pay the price if business bombs for a quarter or two. Lay off a bunch of low paid employees and still receive a bonus. We all remember the bank bail outs.
Again, whatever money a business makes over and above the cost of doing business (a.k.a. profit) belongs to the owner(s). The owner(s) is/are free to do with it whatever they please.

Any successful business has a strategic plan. That is a forward looking, educated guess for where the business wants to be in one, five, ten .....years. If that forward looking plan shows that less employees are needed in order to ensure the continued financial health of the business then staff cuts happen. If on the other hand it shows that the same or more employees are in order then it would be downright stupid to lay people off.
Level 3

Since: Jul 12

Hartford, CT

#31 Aug 6, 2013
Joey the Dude wrote:
A minimum wage job is not intended to be a career. These are supposed to be part time jobs for high school kids and college students or as a starting position to move up from when the employee shows a little skill and eagerness to improve themselves.
If the min is raised to $15, the employers will have a much better crop of applicants and those working now would get pushed out.
The choice between a college grad having a hard time finding a job in his field of study and a HS dropout who can't make change and is covered with tats would be a very easy one.
if the minimum wage was 15 bucks a hour, the dollar menu at mcdonalds would be the $3 menu and the people at the minimum $15 a hour will still be in the same position cause everything would be more expensive.

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