The minimum wage needs to go up

The minimum wage needs to go up.
#feeltheBern

Other urls found in this thread:

fairwork.gov.au/how-we-will-help/templates-and-guides/fact-sheets/minimum-workplace-entitlements/minimum-wages
archive.is/ABV2P
archive.is/nYLOx
twitter.com/AnonBabble

>Berniecrat Meme Warehouse

(you)

also sage

>he only has one boat garage

>be australian

fairwork.gov.au/how-we-will-help/templates-and-guides/fact-sheets/minimum-workplace-entitlements/minimum-wages

...

>Because every business owner owns a yacht.

I don't know what prevent all these people to start their instead of crying for more shekels.

IT'S A SHIP YOU FUCKING MORON
BOAT: SMALL
SHIP: BIG

GET IT RIGHT NEXT TIME

>everyone should just be a business owner! its easy and it would totally work out

So you agree that the few people who actually managed to make it as a business owner deserve to reap the rewards for their work? Good.

...

>literally
>even

ugh

Not an argument

We need basic income. Not min wage

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>low skill workers don't deserve to get paid much

>i'm tired of people getting welfare and handouts

never change Sup Forums

That's why we need to get rid of minimum wage AND welfare, you fucking moron.

If you take their salaries and give 15$ each to people you'd only get 300-1000 people paid in each company, not to mention the absurd idea of the fucking CEO earning as much as a burger flipper

Wage depends on the value that the worker provides to their employer and the customers, not a magically set minimum price of labour. Should an employee be unhappy with their current wage, they either need to find another job or protest the wage in a privately organized strike. Simple as that.

>posts two things that aren't mutually exclusive
>acts like its a fallacy

never change faggot

Swell idea. And what happens to the millions of people who don't make enough money to buy food and pay rent despite being employed?

more money in the hands of plebs equals more money spent.
disregard the fact that places they put the minimun wage up, the unemployment went DOWN.
because disregarding facts is fun.
.
This is your reminder that without controls you would all be working for a dollar a week and living in company barracks for gurbworm-meal money

Both need to be abolished. That's the only way you can lift poor people out of poverty.

Holy shit that's a nice yacht.

I don't want to lift anyone out of anything. If they fail and die it's their problem, not mine.

If their are millions of people who can't afford these things then their price will come down. Supply/demand.

Oh, so you don't care if I tax you more? You don't care if we raise minimum wage and ruin your life?
Ok then.

See, this is a fine mentality to have if you are a hermit and not part of a tribe or nation. The whole reason countries like the United States exist is because the individual cannot go it alone.

Take one look around the room are are sitting in and name one thing in it that is exclusively and 100% the product of your labor.

Here you go.

>more money in the hands of plebs equals more money spent
Why not make it $100 then? That way everyone will be rich, right?

>places they put the minimun wage up, the unemployment went DOWN
Fundamentally false, m8. You cannot escape basic economics by wishful socialist thinking.

So you've just inflated the value of money and nothing has changed

>without controls you would all be working for a dollar a week and living in company barracks for gurbworm-meal money
By that logic everyone would be working for minimum wage right now, though.

>he thinks flipping burgers should be a life long career

Pretty much. Somebody earning $15/hr before the minimum wage increase will demand a wage increase too, because he/she clearly has more skills and experience than some burger flipper at McDonalds who doesn't deserve $15/hr.

>The classic argument against raising the minimum wage

But that's not an argument...

>molyneux.jpeg

haha, no. that is not how supply and demand works in a Capitalist economy. All things have a base cost, and all things are incentivized to that cost.

If people do not have enough money to buy things, the price of things will not drop past the point it costs to make it. It cannot do that in fact.

If people stop buying things, the Capitalist producer simply stops making things and fires ALL his employees. Causing a chain reaction through the economy and collapsing the system.

Marx was correct about the inherent flaw in Capitalism.

The incentive of the Capitalist is to make things as cheaply as possible, and since he cannot cut costs in materials inputs, the only thing he CAN cut is Labor costs, because Labor is a human input and is dependent on the Capitalist to provide jobs. But if Labor is not getting paid, then it cannot afford to buy things. The things the Capitalist is making. And when that happens, the whole edifice of Capitalism collapses and revolution occurs.

He then proceeded to come up with a shitty solution to the problem with Capitalism. The problem is real though. Fucked up incentives suppress wages, destroys the consumer class, and then the economy as a whole.

First thing I noticed too. Berniefags have no vocabulary. If you can park a boat in it, it's probably a ship.

Getting tired of posting this every thread, faggots.

If minimum wage goes up then supply of minimum wage products goes down, increasing their price.

This is not the same as inflation.

Basically, cheap shit will get more expensive, but expensive shit will stay the same price. This is not rocket science. Who even pays their employees minimum wage anyway?

Wtf Chipotle

>small business owners do not exist
bernouts really sticking up for the common man :^)

Oh I forgot to mention, the savers would get fucked, because they saved their cash during a time before the minimum wage was increased, so it would be worth even less. That's a lot of saver's who would have wasted years of work, only for some protesting burger flipper to demand they get paid for doing a dead-end, crappy job.

btw jc penney's is failing.

Exactly.
Notice how Australians are always whining about their prices.
They always go ''boohoo, why do I have to pay 80 dollars for a video game?? Why is everything so expensive????''. It's because their minimal wage is so fucking high.
When you increase minimal wage prices increase too.

You'd think that moving to Australia is great because their minimal wage is 17 dollars. Notice how these stupid Liberals aren't threatening to move to Australia if Trump becomes president. It's because minimal wage is a meme that even these illiterates don't actually believe in.

Abolishing minimum wage means worker and employer negotiating salary.

Employers would be stupid to set their salaries too low and workers would be stupid to work for anything less than what they need (unless they wish to work two jobs). Everyone gets what they need from the agreement (pay, hours worked, benefits, holidays, etc.)

Hell I can even see before you graduate high school that you sign up for several pseudo unions depending on types of occupations and they get you educated on what your pay should be/negotiating/etc.

Would be interesting to see who's boat that is

I'm sitting on the toilet and I'm pretty sure this glorious turd was all my doing

It's not true with revenu
Impliying it's possible just look the statitistic.
Impliying a better circulation of the money is a bad thing

They starve, we have more room. We can't lose

there definitely is a problem with rich people becoming ever richer but raising the minimum wage isnt going to solve it

>be libtard
>think that raising the minimum wage hurts CEOs at all
>Dont understand that it just ruins small businesses and makes big businesses bigger

Libtard logic

There is no such thing as a "Minimum Wage Product". There is only the cost of things related to the amount of profit that can be made.

All a Minimum Wage product is, is something cheap that is priced in such a way that it can still turn a profit, and just HAPPENS to be affordable to someone with a minimum wage. And is usually done to economy of scale.

It is completely unrelated to what wages actually ARE, and if anything speaks to a fundamental issue that a "Minimum Wage Product" can still turn a profit with huge economies of scale.

This is a business model that favors very large multinational corporations with limited competition and new entries into the market. This also means limited innovation and product stagnation.

>working at McDonalds generates $23 in revenue
Any job that can be done by a robot is automatically worthless. McDonalds only has employees still because people would boycott them if they switched to automatic tellers and a few human managers. You'd get your food faster, and your order would always be correct, but you'd take away the "life giving" jobs that crack addicts, black single mothers, and high school kids rely on.

>Pay everyone $17.29 an hour.

>The price of everything goes up to compensate for the increase.

>Everyone's buying power is the same as it was before

>Everyone loves faggot politicians

>0 ▶
> (You)
>They starve, we have more room. We can't lose

Nobody goes quietly into the good night.

What if minimum wage was only for large corporations?

I think it would be even more accurate if in the last picture there were two smaller houses down there that said permanently unemployed under the water.

How many jobs were created building the big boat
How many jobs were created designing the boat
How many jobs were created building the smaller boat
How many jobs were created designing the smaller boat to park inside the bigger boat
How many jobs were created for maintenance on the boat

I would go on

No it doesnt, you just need to get a real job.

Then nobody would work for a small buisness

Negotiation doesn't help when you've got no leverage, m8.

Abolishing the minimum wage just means a resurgence of unions, and a return to the glorious days of 1910-1920s unironic socialist and communist worker's parties burning down businesses and fighting all-out street wars with strikebreakers.

Labour is an input cost when producing a product. When the price of labour goes up, the cost of producing goes up, and so the supply goes down as firms exit the market. Supply shifts to the right and price goes up.

>The minimum wage needs to go up.

>Minimum wage goes to $15
>Suddenly the SEIU starts to unionize these workers
>Pay union dues, a good % of which are shipped off to the Demoncrat party
>That's been the plan all along

If the minimum wage goes up, the Earned Income Tax Credit needs to go away too.

>supply shifts to the right
*left

lmao

small business owners exist.

if they didn't, I wouldn't have to hear them constantly begging for every type of welfare there is from everyone who will listen.

>let us guilt you with "buy local" propaganda even though we can't compete on price
>let us stiff you as an employee because "we're all friends here"
>let us ignore child labour laws because "we're a family business"
>provide us with a neverending stream of tax breaks, grants, and other gibsmedat
>constantly disrupt the public dialogue with "muh small business" everytime someone wants to raise taxes for people with boats that they park in other boats

small business owners are the niggers of the corporate world.

Significantly less than would be created producing cheaper boats for more people.

The largest employers in the world aren't luxury retailers, they are petrol and fast-food companies. You know what's special about those kinds of companies?

Their products are sold to, and affordable by, everyone.

Tricke down economy theorie is the most ridiculous argument never made

do you know how much that guy pays his workers?

Small businesses built america faggot

>No refutation
Don't you have some surrendering to do?

Savers (which includes the rich) are hit the most. Sure the rich can continue to make more money, but their current balance is worth less, because the time and energy required to earn that same amount after a minimum wage increase has decreased.

Look at it this way:
>minimum wage = $7/hr
>livable wage = $15/hr
>shlomo's balance = $100,000
>pleb to earn that same amount = ($200,000 / $7) = 28,571.4 hours (1,190 days)

>>increase minimum wage to $15/hr
>pleb to earn that same amount = ($200,000 / $15) = 13,333.3 hours (555 days)

That's like 46% drop in value; the $200,000 is now worth 46% less.

(My math is bad :) )

Obamacare fucked many companies over forcing benefits for those working 30 or more hours, now they're barely working 29 hours and companies are avoiding the fine

Now Obama just passed an overtime pay bill for salaried employees who make under $48K.

>The rule, slated to be formally released Wednesday, would essentially double the threshold at which executive, administrative and professional employees are exempt from overtime pay to $47,476 from the current $23,660. That’s expected to make 4.2 million additional workers eligible to receive time-and-a-half wages for each hour they put in beyond 40 a week.

archive.is/ABV2P

But nothing can go wrong with that, amirite?

>Several years ago, IBM voluntarily reclassified 7,000 salaried technical and support workers earning an average $77,000 a year to hourly employees after it settled a class-action labor suit for $65 million. The company cut their base salaries 15% to account for potential overtime, says IBM's MacDonald.

>IBM's Shar Anderson oversaw 20 workers in a customer service group. "It made me feel less valuable to the company," says Anderson, 55, who has a bachelor's degree in computer science and several professional certifications. Anderson, who's now in a similar but higher-level salaried position, says she "wasn't able to do my job" because she sometimes had to hand off emergency responses to colleagues after 5 p.m.

archive.is/nYLOx

Raising the minimum wage does not cause inflation.

See:

explain.

>and high school kids rely on.
That's an important group that should have that style of cheap job to gain experience for future careers or get money for college.

See, the problem with this logic is that it would be true if we lived in a single global economy. We don't however. Which means wages are being suppressed not by the cost of labor in places like China and Indonesia, not in the United States.

Production and pay scales in such countries that are completely dependent upon a consumer class in the United States. A Consumer class that is Vanishing.

All things being equal, the Economy will eventually correct itself and stabliize with wages being the same everywhere, and the cost of making something in China will be no more or less then in the USA.

But all things are not very equal, especially with the Financial Industry replacing the old Blue Chip industrial companies as the primary generator of wealth in the USA.

What will happen instead will be a series of massive pendulum swings, economic shocks, and bankruptcies.

Do I think a Mimimum Wage increase will help things? Fuck no. The entire system is going to fail in this century and a new economic model will have be thought up. Especially because of the increasing factor of automation. Keep in mind, the cost of labor is going up in China. Hence the push for the TPP. Need to move all those factories to Vietnam and the Philippines. Eventually (as Marx also predicted) the Imperialist Governments will run out of "Colonies" for their rapacious Capitalists, and will be unable to prop up the massive leveraged bets of their banks. This will be a major contributing factor in the Collapse of Capitalism.

WW2 simply postponed the inevitable.

Lower skilled corporate jobs would have higher demand because they pay more. This means that corporate jobs are likely to get better quality labor, and that makes it harder for small businesses to start up.

I am communist missile now.

>Berniecrat Meme Warehouse

the businesses you're referring to didn't constantly demand gibs and rules exemptions. the entitlement of the modern-day "small business owner" is fucking disgusting, if these people had half the business accumen that they claim they'd be able to make money without constantly demanding tax breaks.

Like it or not, evolution applies to people too. If you are too much of a failure to keep yourself alive then you have to die.

>le rich ppl r ebil maymay

We have the same thing, high living costs.

BUT, big middle class. The high prices speak to the general wealth of people. It sucks for tourists but not for ordinary people.

>All things have a base cost
Including skilled labor. Minimum wage jobs are unskilled labor, the kind that thankfully does not make up the majority of society. Therefore, this supposed paradox of production without consumption doesn't and won't exist.

good point.

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>Do I think a Mimimum Wage increase will help things? Fuck no. The entire system is going to fail in this century and a new economic model will have be thought up. Especially because of the increasing factor of automation. Keep in mind, the cost of labor is going up in China. Hence the push for the TPP. Need to move all those factories to Vietnam and the Philippines. Eventually (as Marx also predicted) the Imperialist Governments will run out of "Colonies" for their rapacious Capitalists, and will be unable to prop up the massive leveraged bets of their banks. This will be a major contributing factor in the Collapse of Capitalism.
This is all true, and I agree with it.

However, it's important to remember that services cannot be shipped offshore. You can't have your cheeseburger made fresh in Bangladesh and shipped to your table to order, for example. That has to be done in country, in the same building that you're in. Same with hairdressers and nail cutters and etc. etc.

So minimum wage is still important, and the globalised market isn't as globalised as a lot of people think it is - even if it is still very influential.

All I'm saying is that raising the minimum wage doesn't cause inflation, just price rises in industries where the wage is above the equilibrium point - which isn't very many industries, desu.

>the most liberal and modern companies get paid the most

They always threaten to move to Canada, and more specifically Toronto.

I'd say we should create a designated libtard zone but we already have one, it's called Ontario

Only a cruise ship? You better step up your game.

Sink or swim. Those who can swim will be able to pass on their superior genes.

>Including skilled labor.

This. People wouldn't be turning to pie-in-the-sky ideologies if business owners didn't carry on like they're entitled to everybody's labour for whatever they feel like paying, and then further entitled to be thanked for "creating jobs."

Deportation of illegal immigrants, tariffs to prevent big businesses from going overseas and tax breaks to allow businesses to have more money to re-invest in themselves would allow more workers to be hired overall at higher wages, negating the need for minimum wage

However because overall businesses would end up paying more anyway the resistance to raising minimum wage would disappear anyway in the event that 99% of jobs paid better than minimum wage anyway

The way for berniggers to get what they want and have it actually work is through Trump. Hell, nationalism begets socialism as when white people truly feel niggers and spics are their American brothers the resistance to socialism will decrease, enabling Sanders II to become president 20 years from now.

How are bern victims lack the self awareness of how embarrassing thier memes are.

Shit if your gonna shill atleast be good at it. This is just sad.

>austrailian min wage is $17
>buying electronic media and goods is inflated to accomodate it
Id like to just browse through a catalog of things you buy and do a comparison in prices

Fuck off shill.

The real minimum wage is zero, as Wendy's employees are finding out.

looks like someone is jeal that they arent getting a dinghy in their own porthole

Labourers are business owners. They're in the business of selling their labour. Now fuck off back to Redmonton or Moronto as appropriate.

Wages would have gone up on their own if you retarded liberals didn't flood the country with millions of shitskins who in turn had the effect of driving down the value of labor by means of flooding the market for the supply of labor, which was made even worst by companies seeking H1-B visas over Americans and the government paying companies to hire foreigners over citizens.


SO IT'S YOUR OWN FUCKING FAULT YOU HAVE SHIT WAGES, LIBERAL.

Suck it up, take it like a fucking man, and accept that there are real-world economic consequences for your bullshit.

>ss long"""""""""""""shekel"""""""""""""

we should remove the minimum wage so we can all be rich

show us this statistic, master of argument