"minimum wage is bad meme"

What's wrong with a $15 minimum wage? Why should the 1 percent keep earning more money for their next yacht meanwhile families are struggling to survive working daily because they get paid so little.

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I dunno, what's wrong with a $150 minimum wage?

The 1 percent will keep their money regardless of what you put on minimum wage because they have a giant influence on the government. Anything that happens will strain the middle class.

$15 for a loaf of bread

literally killing off small businesses cause they can't support higher minimum wage, and big businesses will just fire you and automate

who fucking cares about some poorfags lmao

It's basic econ 101 that the minimum wage is a price floor and at a certain point it'll create unemployment.

That said I dont really care, hike it as high as possible so all the shit jobs out there are taken by robots.

I dunno, what's wrong with a $1,500 minimum wage?

Because raising the minimum wage will cause inflation. Because of this inflation, everything will cost more. Because everything costs more, getting paid $15 an hour is now the same or worse than getting paid $8 an hour before the minimum wage was raised. Amount of dollars != buying power.

>doesn't understand economics
>leaf

Implying it's a good thing 82% of non teenagers, and an unlisted statistic of those beyond the college age (22-24) are working minimum wage jobs.

SOMEBODY HAS TO PAY FOR IT. EVEN IF IT'S PRINTED OUT OF THIN AIR, THE COST OF EVERYTHING GOES UP SO YOU ARE BACK WHERE YOU STARTED.

HOW FUCKING HARD IS THIS TO UNDERSTAND?

I don't mind the concept of the minimum wage as much as the fact that the same people pushing it also want millions of illegals who would drive wages into the ground, especially minimum wage tier work.

Seriously, pick one.

>What's wrong with a $15 minimum wage?
Those greedy yacht owners don't suddenly become not greedy when the minimum wage is raised. Hours will be cut, people will be laid off, and prices will be raised for the rest of us.

Raising minimum wage is only useful increasing unemployment.

Why not just give a ubi?
If it's done right it:
>cuts poverty
>gets people out of hud housing
>gets rid of wale fare, food stamps and ssi.

Thats way too low $500/per halfhour

They dont cut executives wages they oass costs onto the consumer which leads to inflation. So you get your higher wage but everything now costs more and you're no better off than before.

What's wrong with a $1,500,000 minimum wage? If we make everyone millionaires then they'll be able to buy whatever they want! That sounds like paradise to me.

Because your job will go to Mexico and China.Western countries keep wages low to keep jobs.

Fuck it. Make it $2k an hour and I'll only have to work one hour a week. That works for me because I'm a retarded millennial!

Bullshit meme. Having a $15 minimum wage would have a minor effect on prices.

I'll pay $1 more for my big Mac meal if that gets the guy making it off food stamps and to the doctor when he's sick.

>Why should the 1 percent keep earning more money for their next yacht meanwhile families are struggling to survive working daily because they get paid so little.
because those families are worthless retards without applicable skills. next.

Joke: there should be no minimum wage, fuck those people, get skills and etc. I just want to stuff my fat fucking face with soyburger zog food for as cheap as possible.

Woke: Some areas with more vulnerable economies can't sustain legislation that enforces a minimum wage to be so high, but states who want to attempt the process should be allowed to do so. Also fast food is cancer.

Why not $15,000 an hour?

We Zimbabwe nao.

This is where the thread actually ended, everyone who posted after this wasted their time.

Everyone who posted without a sage after THIS should be fucking executed, because this is the absolute end of the discussion. Price Floors degrade allocative efficiency, PERIOD. There has never been a single case in the entire history of econ in which this hasn't been true, and do not bring price elasticity into this, when you adjust for subsidies it remains true.

Higher Min Wage means lowered demand for labor. Period. Zero argument possible. We are not in a wage crisis we are in a CoL and Employment crisis. Do not even open your mouth if you don't understand this because you shouldn't be talking.

Wow. No one posting here knows fuckall about economics.

u idiots realize if a business pays more for labor they charge more for a product a simple big mack would cost u about $12-$14

>meanwhile families are struggling to survive working daily because they get paid so little.

This is why lefty cucks are laughed to their face and spite for supporting a pseudo socialist con artist.

Is not what you are paid but what you can obtain with such wage that matters you idiot, look the Rhodesian example, those Niggers walk with wheel barrels worth of useless cash to buy a loaf of mud cookies.

The problem in America is again the housing bubble market cuss Obama allowed all the Fucking gooks to buy half of California and the whole of Canada

It causes blowback thats detrimental to the economy/markets
Hope you enjoy paying 20 dollars for a cup of coffee

maybe whores should stop opening their legs? hows that for a solution? food and money doesnt grow on trees

...

You guys post basic republican talking points and of course these are reasonable arguments, but if we look at these things realistically, a 10$ or 10€ minimum wage would not have that big of an impact on inflation but it would be raise the standard of living of some of the poor people we have and I am not talking about non-whites but for example college graduates who graduate with meme degrees.
What's wrong with helping them out a bit?

>Old roasties past their prime
No way do I voluntarily subsidize their existence and decisions

You can't tell these non abstract, low IQ idiots nothing
They have absolutely no foresight

>What's wrong with helping them out a bit?
Maybe they should not have wasted four years and 100k getting a meme degree

I'd rather see a 20 million dollar *pay* ceiling than a raised minimum wage.

>They have absolutely no foresight
(((they))) want to create inflation so they can continue giving out shitty loans

Do you retards really think it's as simple as "lmao inflation dude xD" ?

Do you think progressive politicians like Bernie Sanders just haven't thought about that?

You've been conditioned by the Jews to believe that the poor are just fucked and there's no way to help them.

This is easy to say if you are not affected but do you have no empathy towards people of your race that made a mistake when they were 18?
They didn't blow it on coke, they went out and got an education as they have been told to do by everyone they knew.
Do you want them to literally never get out of poverty because of this?

This tbqh.

Saying this as an unrionic fascist.

Why don't you try that in the Great White North you leaf? A case study?

>Do you want them to literally never get out of poverty because of this?
Not really my problem

>Do you think progressive politicians like Bernie Sanders just haven't thought about that?
they want inflation
see

Or you know it's actual reality you Communist

google.com/amp/s/www.washingtonpost.com/amphtml/news/wonk/wp/2017/06/26/new-study-casts-doubt-on-whether-a-15-minimum-wage-really-helps-workers/

...

>double minimum wage
>jobs get cut in half

we did it reddit

...

this

At least this time you're trying

Haha

They really did a number on you. The only two options they offer is "money for dem programs" or "fuck everyone other than me"

>"fuck everyone other than me"
How about fuck every liberal idiot that thinks actions should not have consequences

I never thought of it like that
Good point

Burger fiscal policy is a schism between to mass-normalized antisocial disorders desu.

It's very, very, VERY basic economics. If you increase the minimum wage, more people will be forced out of work.

Per day not bad.

Less fat people. Win win

>antisocial
I am sorry I dont give a shit about some random faggot I have no connection to

If companies do not pay a living wage, we, the taxpayers, make up the difference in the form of food stamps, school lunches, subsidized rents, etc. So we are subsidizing those companies, allowing them to pay lower wages.

Burger fiscal policy is a schism between *two mass-normalized antisocial disorders desu.

Forgot my w, damn it.

>$1 more
Holy o fuck you're gonna be paying a lot more than a dollar more there fuckboy. Especially since it ain't just that greasy dude who licks your bun that's getting a raise.

Every bumblefuck down the line will be making more than they're worth and the costs are gonna skyrocket.

Minimum wage is failed because companies are free to pass on the costs to the consumer and since labor is always the costliest variable cost within economics companies will refuse to hire more variable inputs unless the prices theyre able to sell at justify the increase to manpower so that marginal cost is less or equal to marginal revenue. Anyway you're a faggot OP and you need to shoot yourself.

>>SAGE

Nothing, bi-monthly that is very livable.

How about we stop these programs and just let prices come down

Exactly. It's fucking antisocial. The forced pluralism created this way of thinking for the conservative political elements. There is no social trust or sense of community now. It's so zog tier and fucked apart.

>60% are women
Are they seriously telling us that women need even MORE money? The government doesn't already throw enough at women?

/thread

>There is no social trust or sense of community now.
I can take care of my community without the government

You're right.

Let's LOWER the minimum wage to $3. But why stop there?

The lower the minimum wage, the better the economy does, right?

When cost of doing business goes down prices don't drop. Margins for corporations increase. There isn't an exact action reaction to the market. If you understood economics you would realize that. Most small government types think day one economics class is all there is. Behavior and markets are far more complex than supply and demand.

>60% are women
Ah yes, this is reason to do something. If 60% were men, the attitude would be "Fuck them, they can die in a sewer." But because it's women, the government must intrude even more into the economy to force more subsidies for women.

That is not how economics works you moron. Fucking read a book.

>Let's LOWER the minimum wage to $3
How about we just get rid of it?

>When cost of doing business goes down prices don't drop. Margins for corporations increase
Only ever true if there's no competition

Why isnt the minimum wage $0.01per hour?

I used to think that way as well. But now Idk man. I don't trust central planning or constant meddling, but I see the usefulness of regulations and protections. I feel as though in some areas, a $15 dollar minimum wage is a viable option, and that states should be allowed to choose.

>When cost of doing business goes down prices don't drop. Margins for corporations increase.
I think its time to go back to rebbit buddy

>Hating on the 1%
Antisemite. Reported to the ADL for hate speech.

>1 post by this ID

The minimum wage is often adjusted to reflect living conditions. When I started working it was $4.75 per hour. Now it is more.

Groups like the Amish can take care of their poor without the government
Why cant everyone else?

Sage this gay shit.

Companies can't afford as many employE's

You all assume that minimum wage causes inflation in your tiny minds there should be a congruence between wages and the cost of a loaf of bread. The fact is there isnt.

Better to be a slave and starve than to let poor people have work and eat right?

The price of bread is going up because food stamps

tremendous rippling effects of raising minimum wage. it will cause prices of virtually all goods and services to go up. It won't seem like much on an item-by-item basis, $0.18 more for your bread, $0.11 more for your milk, $0.09 for your hamburger, etc. but over the course of a week, month, year it will add up substantially to negate most of the wage increase you received.

It also destabilizes other higher-wage blue collar industries, factory jobs, construction labor jobs, that kind of stuff. Why? because those sorts of jobs typically pay in the $15-20 range right now. If you suddenly tell those guys that the kid at McDonald's is making $15, why would anyone want to work in a dark, smelly factory gutting chickens for $16.50 instead of just taking that McDonalds job? They wouldn't, it's only lucrative now because the differential between minimum wage and what those factories offer is enough incentive to do more demeaning/difficult work. So what happens? Either all of those blue collar jobs raise wages as well (above what they currently are) to stay in line with the increase in minimum wage, or those industries will suddenly find they can't fill positions as easily resulting in industry downturns.

It's all connected man, but the bottom line is that minimum wage is objectively bad. There should be no minimum wage at all, it should be market driven, if an industry can offer $3/hour and actually find people to work for that, then it means there's demand in that industry to work for that price. If no one would work for $3/hour then it would creep up, 4, 5, 8, 10, until they could find takers. Simple as that.

As automation increased the work week shortened. As machines did more work the 8 hour work day was born. This trend was supposed to continue. Alas humans are greedy. The economy could support a 4 day work week. Many economies support 10 weeks of paid vacation for every citizen.

why not just do communism I
if it's done right it should also work out great, right

Unskilled workers are neccesary. If people stopped washing toilets you would notice.

>Women
>workers
kek

>The economy could support a 4 day work week.
nothing is stopping you from working part time

I think that without intervention and some form of prosperity, groups like black people will just create more children they can't care for, most of whom won't grow up to be able to adjust to the changing economy. Meaning that when they have a sense of prosperity, they are more genetically hygenic, out of a sense of greed maybe but at least out of some kind of sense at all. Despair and poverty only make them want to have more children it seems, which isn't like most Europeans or East Asian peoples, who invest a lot in their children's future and only have lots of children when they have plenty of resources. They don't practice the same robust social models as Caucasian people like the Amish, and never have. Some call this r/ selection. I don't know what it is, but I know that it has fucking destroyed entire American cities, and it's in the process of turning others to shit. I think it certainly is genetic strategy though, and that this is mostly a constant and for the foreseeable future unchangeable.

Silly silly argument. Why not live in the conditions I'm Mexico or China? Why not pay people 50 cents an hour and let them shit in the streets? Or we could have a higher standard of living and reduce poverty.

If a company can make the same product for less than the competition, they can lower prices and get more people to buy it, therefor making more money.

Raising the minimum wage is the abolute shittiest thing to do, and it primarily makes things worse for those people working for minimum wage. In BC when they raised minimum wage almost immediately our hours got slashed. The company pays the same 30% of income on labor, not 36% as one might expect from increasing minimum wage by 20%

>implying people should be given these things
>by the government none the less.

^ This

hyper inflation among the restruant your working at, burgers bad ass but im not paying fucking 9 dollars for good shit. Put it back at 10 or 11 then people will buy fast food again

On top of that, there isn't a lot else that can be practically done for entry-level and low skilled employment. People at that stage of their lives simply don't have the ability to overcome it, and they face the realities of a market that is set against them due to the merging of corporate interests with the state.

See
You can get paid what your job is worth.

>I wonder how people ever got paid before a minimum wage existed
>everyone was a slave!

You people are retarded.

Fookin idiots

>listen kids money is fungable. Which means that if you raise the minimum wage you create purchasing power parity with the lower middle class.

Aka your not making the rich poorer your making yourself poorer.

Basically you've taken entire segments of the economy and made them as economically worthwhile as burger flipping.

So why do the difficult job rather than flip burgers?

See the problem?