Why shouldn't the minimum wage be increased to $15? Why shouldn't the minimum wage be a living wage?

Why shouldn't the minimum wage be increased to $15? Why shouldn't the minimum wage be a living wage?

Really makes you think.

...

I paid like $7 for a Whopper in Seattle two weeks ago

I'm not reading all this shit. Summarize it in one word!

Which is what a lot of people calling for it have trouble doing.

Why not just exempt the poor from income taxes so they can keep more of their money, rather than holding a gun to an employers head and expect them to somehow conjure up more money to pay them an unsustainable wage in relation to the value of the labor?

Temporary solution to long term problem

it would cause inflation
but it would give people on min wage more disposable income to spend on goods/services

min wage jobs at McDonald's etc. are meant as starter jobs though. It's not that hard to go back into education and get a half-decent qualification for a specific job.

Because this will cause both inflation, unemployment and honestly not every fucking job should be enough to support yourself and your 15 children.

The assumption is that minimum wage is what everybody will get paid.
It rarely turns out that way in socialist countries (the scary boogieman US likes to use).
When it comes to people paid by the state, having a structured payment system makes sense.
Their value is not measured in how many of an object they produce or something like that, and thus it is hard to differentiate between a good employee and a bad employee.
Instead, you make thresholds for when to fire people and tiers of pay based on previous education and stuff like that.
Then "minimum wage" is not really something that you need worry about, it is just a pay structure.

But why should it be forced in the private business?
Governments make laws to protect its citizens.
Say the opposite argument is that the it should be okay to have people work for free.
All business would opt for this, as then it is easier make a profit.
Obviously the people will not concent to this, so you give them something.
Either you feed them, making sure they have just enough to stay with you or you force them, so they won't leave.
This fine line between employment and slavery.
If people are desperate, they will take any job they can get.
A minimum wage, should different for different fields, but it makes sense to have a minimum wage.
Ideally, the minimum wage is different from what people are paid, giving the employers a chance make benefits that is unique to their business, so skilled workers will chose them over the others.

I live in the social country, Demark.
We do not have a minimum wage controlled by the government.
Our minimum wage is negotiated between the union for the workers and the union for the employers.
Different fields have different unions, and thus we have different minimum wages.

It is a good system because the interests of both parties is met to a compromise.

But I can see why the US will never get a system like this, because they have been told that unions are bad.

Poorfag burger muncher gtfo LMAO

Unions are well-intentioned but they don't work because workers can't negotiate with companies and have good things happen, the market is too free and accessible for extra demands to be made by either the employer or the employee
Your system doesn't work in America because America doesn't have a 60% income tax,
Unions don't negotiate for benefits as much as they negotiate for pay.
Raising the minimum wage will just homogenize incentives and move all the "value" of your work into government-paid services

Tax the 1% so it pays for the rise in the minimum wage.

The accumulation of wealth that the 1% is doing is damaging the economy anyways.

I agree that without successful businesses you would absolutely need $15/hour to survive

The 1% is siphoning out the profits of every business and removing huge amounts of liquid capital that would otherwise have been used for investments and wage increases that would put the money back into circulation. They are leeches.

My "big bad 1% company" laid off 600 people for Christmas because trumps 30% income tax is gonna destroy the American Dream
I'm all for prevent China from becoming the superpower of the world but successful America is not just some infinite bank that you can tax over and over to fix all your problems
People exaggerate just how rich America actually is, the ones that could handle a major tax are already operating internationally

Did you know that without subsidies a can of coke should cost $3?
That with a $15 an hour minimum wage, Burger King, one of the Giants of high profit margins, will sells you a $7 whopper?

>My "big bad 1% company" laid off 600 people for Christmas because trumps 30% income tax is gonna destroy the American Dream

The "big wigs" and shareholders of your company still snorts cocaine of hooker tits and wipe their asses with $100 bills.

Because then the prices of goods/services also go up accordingly. That being said, everything is going to be automated and we're headed towards either socialist utopia or dystopia so it doesn't matter.

Actually I know the "big wig" personally, he's constantly stressed about his company dwindling in profits, he started having eating problems some time in last year and now he can't even hold a conversation without talking about how he could save his company, which makes more than 99% of America does so obviously that means he's evil and not that 99% of America are shitheads

Just make min wage $100 an hr
problem solved

>Did you know that without subsidies a can of coke should cost $3?

Why would flavored sugar water cost $3/can? I'm not buying it. The raw materials in bulk comes to like $0.1/can.

And don't forget that Burger King has the ability to not even hire anybody, because a $40 machine can do that $15/hr job, 24/7, every day every year
Is working at Burger King worth $100 for a shift?

>socialist utopia
that would require the CEOs to give up 0.000001% of their profits
not gonna happen

You're forgetting coke is the big bad 1%, theyre shipping water from India to factories in Europe using plastic from Egypt to send you a bottle of coke in haiti

Why should we pay Burger Flippers more?

According to him, that final Christmas bonus he gave those employees before firing them has to be made up by February

>Tax the 1%

The 1% just moved all their money to offshore accounts and left the country.

Who are you going to tax now?

Your "big wig" is just a puppet for the shareholders. Whatever holding company is the majority owner of your company represents the real big wigs. If you followed the cumbs, you'd eventually see that the money goes to a select few very wealthy "big fish", the 1%.

So? If they could make it cheaper they would. They have $0.1 in expenses per can, the rest is profit. And that profit goes to the shareholders, not they CEO or employers of the company.

My company is all American, all the profits go through one stressed out dude, taxes are literally destroying American business
Let's not even talk about that, let's talk about small businesses, ones that only make triple digits a year, you think they're gonna thrive paying their employees $15/hr while also paying additional taxes that get worse every year the business thrives?
Small business is THE sole victim of the fight against the rich

>My company is all American, all the profits go through one stressed out dude, taxes are literally destroying American business

Is your boss the majority shareholder of your company? No? Who is?

>Let's not even talk about that, let's talk about small businesses, ones that only make triple digits a year, you think they're gonna thrive paying their employees $15/hr while also paying additional taxes that get worse every year the business thrives?
>Small business is THE sole victim of the fight against the rich

Tax the 1%, use the profits to reduce tax for those on minimum wage. Spend the rest on subsidizing health and education for the poor.

Of course he is?
Have you never worked for a successful American company? Or are you looking at anybody who isn't dying in the street as a selfish tool who can't learn to share?

The richest 1% own more than 99% of world's population.

This is such a bullshit argument, I can't believe anyone still uses it. Fine, move away and save some money in tax. You can no longer do business in my country. Have fun.

>Sup Forums - Economics

Why?
Why don't the poor use the decades of federal subsidies and assistance that have already been in place?
I'm going to be a physician in 3 years, you think I want to be in school for 6 years to be a glorified social government worker where all the hospitals wages and equipment rely on taxes and government wait times?
Nobody has a "right" to anything taken from others

Are you fucking retarded?
Stop reading Washington post for half a second to look at facts and create an opinion yourself
#notmyeconony

>Of course he is?

So if he owns a company which have had to lay off 600 employees, I can only assume that the company at some point have had 1000 employees or more.

At that size, he has likely made some serious money already. If his company goes under, unless he's an idiot, it won't affect his personal finances.

So he's basically set for life. At this point, having to lay off 600 people only means a dip in his yearly personal cash flow, which he can write off on his taxes anyways.

>This is such a bullshit argument
No it's not?

When you persecute intelligent people you get brain drain. When you persecute wealthy people, you get a wealth drain.

Tax the 1% more and they're going bye-bye just like scientists went bye-bye from communist countries.

>a company makes 2 million a year so that means the (generic management position scapegoat because you don't know how business works) must make 2 million a year!
>it's not fair!