Is there any proof that raising the US's minimum wage to $15 would be a bad thing?

Is there any proof that raising the US's minimum wage to $15 would be a bad thing?

only that it means we're lazy and it would destroy mcdonalds 1$ menus or something

This is a simplification, but really it's the truth.

The higher you raise the minimum wage, the bigger the gap is between people who make minimum wage, and people who make $0/ hour because they don't work.

So in reality, raising the minimum wage, thus raising the price of food (and eliminating the dollar menu) will actually cause MORE poor people to starve.

Why not put the effort of fighting into working instead?

They don't have to raise prices just because they're paying workers more. They just have to cut exorbitant executive compensation.

There's plenty of money in the world to make sure everyone has a decent standard of living, it's just the great excess of it is being used to buy some CEO's 12th yacht.

Because you could still do nothing and collect Gimedats.

It'd force the bottom class out of the economy. There's nothing these people can do that's worth 15 dollars an hour to anybody. Having the government artificially double their wages won't make them less poor.

I'd say we make the minimum wage $0/hour. It's one of the main factors causing the price of living in the West to be so much heigher than in other places.

Increased minimum wage means fewer workers, and significantly higher expectations for workers just starting out. It will also result in higher prices, as businesses gear their prices towards their customer base, who will now be able to "afford" a significant price increase.

Contrast this to a lower minimum wage, where companies have a greater incentive to hire less skilled workers, and where they can afford to offer raises more frequently for people who perform reasonably well. Even if one is making the same amount of money at the end of a year, the person who has gone from $5.00 an hour to $8.00 an hour is going to feel better about their work and work environment than the person who started at $7.25 and was given a raise to $8.00 - and they will be more likely to save their money, as they have (hopefully) learned to budget with a smaller amount.

Is there any proof that raising the US's minimum wage to $150 would be a bad thing?

Yes.
/thread

That's kinda the unfortunate truth, yeah corporations do have the money and absolutely SHOULD pay their employees more, but they won't, and if they were forced to they would figure out a way to keep raking in money and fuck over the working class.

the problem is that there are trillions of dollars just sitting in a few bank accounts that will never get redistributed.

it would help life in the cities and introduce the concept of a retirement fund to the south, so no

Oregon

>Raise minimum wage
>Unemployment doubles

On many things, they would have to increase the price, because demand will rapidly outpace supply. Maybe not on Flour or Corn Syrup, but on mist specialty goods pretty assuredly.

Also, most companies in the US are small businesses - they don't have these "exorbitant executive compensation" packages to cut. They just have to sell twice as much to pay their workers, or cut labor.

Yes, it's called economics.

>They don't have to raise prices just because they're paying workers more.
If workers start having more disposable income, businesses in the community need to raise their prices to get a cut of that extra money, or somebody else will.

There's plenty of proof which you would know if you had googled.

The proof is common fucking sense.

Seattle

WHEN YOU MAKE THE WAGE HIGHER THINGS COST MORE

for fucks sake how to people not understand this?

It's immoral. It is forcing the businesses to pay more than they should for labor, and it doesn't solve the bigger problem.

You have no idea how much small business earners earn, do you?

The funny thing is that if it even looked like it was possible that the Government would start confiscating and redistributing wealth in the near future, all of the mega-rich would be emigrating to another country before the bill even hit the stack. Then they would begin a decades long covert war against the Communist States of America out of revenge...and most of them would likely never be found.

Rich people are not stupid, by and large.

No, there is absolutely no evidence, just silly theories proven wrong by 80 years of previous minimum wage increases.

>if giving tax cuts to the rich is supposed to be good because it gives them greater purchasing ability, giving the poor the more purchasing ability should have an even greater effect

Huh really makes me think

Because then they'd have to start working.

If your labor is not worth the $15 dollars plus the additional dollars it takes to employ you guess what? You don't get employed. In fact your $15 dollar an hour glorious burger flippers and baristas get replaced by a robot that does not need a 401k. Get it?

Honestly if you make less than $30/hr average your life is fucking shit whats the difference between $15/hr, $7.50, or even $0 as long you can still eat, drink, shit and sleep? Just fucking suck it up and stop bitching. $15/hr isn't going to make you any less of a pathetic wage slave in comparison to actual people. Stop trying to fuck people over for more than you contribute.

It'll have both good an bad effects people just vote based on what it will do for their individual position if you make 15 or more it's bad for you if you make 15 or less it's good for you

>be stupid nigger who flips burgers for a living
>make 7.50 an hour
>get 800 bux a month from gubmint
>get food assistance
>AY YO HOL UP
>GIMME 15
>nigger now makes too much for 800 government bux, but makes less total with only the 15 hourly wage
>have to pay for food now
>AY YO LESS HOURS WHITEY U KILLIN ME
>nigger now works 20 hours a week
>top of the list to get cut when company needs to lay off

Probably a gross over simplification, but you get the point. This happened to Seattle when they raised the minimum wage, and now there are virtually no restaurants here.

They aren't going to give away money. It's just going to keep minimum wage earners salary at the same purchasing power, while they lower everyone else's money.

Depends who you listen to. If you listen to Stiglitz, no it is not a bad thing at all. Prices will go up regardless, but the reality is that the economy is broken. We are nearing the final stages of the game of Monopoly and you know how that ends.

Empirical proof, of course not. There is also no empirical evidence it is a good thing.

The economy is an unpredictable maelstrom of buying and selling. It is probably the furthest thing from a sanitized chemist's crucible. You know, the place where you could get some form of empirical evidence...

Who appointed you the ultimate arbiter of how people completely unrelated to you spend their own money?

I used to have a wagecuck job

>Show up at 9
>Clock in
>Start up computer
>Go to toilet
>Spend 45 minutes masturbating
>Grab a coffee
>Return to desk around 10
>Just made £9 wanking

not sure if you know how inflation works

Nope.

Let's raise it to $200/hr so we can all be rich.

>generously assume minimum wage in a state is $10/h
>raise that by five
>multiply 25 hours worked per employee per week
>multiply by 52 weeks in a year
>multiply by a random number of 1500 employees currently working for that company at minimum wage.
>$9,750,000

What company would just eat a loss like that?

Also, if I am the owner of an apartment complex, and I know my potential tenants just got a huge raise across the entire population, I would be a fool not to raise rent and capitalize on the increased potential

That's a dumb argument if a job can be automated in its the business owners long term interests to automate it either way regardless if the minimum wage is $5/hr or $15/hr

Exactly, the minimum at some restaurants has been increased to $15 they raised prices on food and took away their tips. Now they're making less fucking love it.

>mcdonalds workers strike for $15/hr wages
>mcdonalds implements order kiosks and automated kitchens

You are making the assumption that raising the minimum wage wouldn't result in an increase in unemployment. One person with $15 dollars has the same purchasing power than 2 people with $7.50 each.

Yeah, look at what's happening at commiefornia, all companies are moving to Texas.

my dad has employees like this. spent the summer at the office and it's infuriating. everyday they stop working at 4:00, then mull about, gossip, and surf the web for another hours before leaving.

how the fuck did we end up in this $/hr price game anyway?

It is standard economic theory that raising prices floors above the market equilibrium would result in more unemployment.

No, because it isn't a bad thing. Same idiots that are complaining now used to complain when people were worked the railroad for a few pennies a week, yet 99% of them would be serfs if it wasn't for this type of progress. It's basically pulling the ladder up from beneath yourself, which btw is the same thing they're accusing "the jew" of doing to them.

Except for the fact that it might not be worth it for the employer to automate if he can pay a human less. Automation isn't free, but it very well may be cheaper than $15/hour.

>I don't understand how revenue and overhead works: The thread.

Maybe they should have gone to college, hell a six month certificate at the very least.

>Give us stuff because fuck you

>if giving tax cuts to the rich is supposed to be good because it gives them greater purchasing ability, giving the poor the more purchasing ability should have an even greater effect

Tax cuts are intended to entice the wealthy to invest, not consume.

Socialist trash started pushing it.

Retards thinks that more money = less problems without thinking about the consequences.

>No marketable skills
>Can easily be replaced by an untrained 14 year old
>Bad work ethic
>No will to better themselves

Why the fuck do these people deserve an artificially inflated pay check? I made considerably more than minimum wage working as a janitor and forklift operator while I was still in highschool. Then I went to a technical school and learned to weld. Learn a fucking trade and better yourself don't just expect the world to give you a reach around because you were retarded in high school and never picked up any skills or looked for something better than fast food.

Unless you're a full time student and need flexible work hours, then there's no excuse to work fast food and other minimum wage jobs.

Is there any proof that raising minimum wage to 1000 dollars an hour would be a bad thing?

Yeah if your business revolves around computers (data entry or whatever) paying hourly is paying people to browse Sup Forums (or far more likely Facebook) instead of working

I actually quit because I got an offer as a pizza boy for a worse wage, which is way more fun and less depressing than typing up reports

Waiters have been a massively inflated market due to tipping culture in America. They're making $30+/hr at a decent restaurant doing a job that doesn't even require a high school degree.

democrats

Money won't just appear from nowhere, that extra $7.50 has to come from somewhere, most likely former employees when they cut the fat

jesus christ seattl is such a shithole
I'm glad I don't live in that county

>We are nearing the final stages of the game of Monopoly and you know how that ends.

somebody gets mad and flips over the table?

Why don't poor countries just raise their minimum wages to $15 and hour, everyone would be rich!
Post yfw 3rd world apes can into economy more than Op

If a job does not generate enough revenue to break even with the wage, what happens to the job?

Redundancy.

The moment a job position becomes negative revenue, it is eliminated and the work distributed amongst other positions.

What happens is you lose jobs while making existing employees work harder.

You can't artificially inflate demand for workers without having impact on the supply of jobs.

>people who don't work deserve to be fed

It would price niggers out of the workforce so that would be good

increased cost of labor will either decrease labor participation or decrease americas capacity to keep up with foreign goods

america currently is buying shit loads of mexican produce and canadian shit. america had in the past sold the rest of the world produce. not so much any more. its also not selling durable goods to every one else shits made every were else not just china

you want to pour gas on the fire go a head but it will get worse

If people were earning $15/hr there would be no need for $1 mcmenus anyway.

should? Legally they are obligated to make the most profit possible for shareholders, or they can be sued in court.

Is that an official piece of artwork from some big group or something? That's hilarious if it is. It's identical to Soviet propaganda.

how does someone who isn't working receive 15/hour?

Bitch, I make $75,000 a year and I eat off the dollar menu. Wendy's 4 for $4 for life

>1 post by this ID
>a fucking leaf

stupid poor people. i can live fine off 13/hr, why don't they just have their parents buy them a house like mine did?

>worked at a threater
>minimum wage kept going up
>this meant tickets and snacks went up
>the place saw less people
>certain jobs and positions got terminated to save hours, those duties were now distributed between workers
>got layed off anyway

Thanks leftist.

Didn't McD's just introduce automated order machines?

Sounds like a lot of staff have lost their jobs!

Staff overheads have to balance some how...

The problem with this logic is raising the minimum wage doesn't guarantee that the majority of people will end up with more money in their pockets.

Many people working shit minimum wage jobs are part time and not guaranteed hours. I know lots of people who work several shit jobs just to make things meet at current minimum wage levels. There's a high probability that at higher minimum wage they would get even less hours at each job and probably end up with less income altogether.

Increasing wages doesn't mean demand goes away. Employees exist to meet the demand. Gosh you're bad at this...

>cut exorbitant executive compensation
Tell that to a small food truck owner.

>work at restaurant
>serve hundreds of people a day
>don't make enough to support yourself

Hmm

>wendys $4

>not the clearly superior Taco Bell $5 box.

Nigger,youre going to have to get a real job.

These places don't have dollar menus because they NEED to. Hell man, you are making it sound like fast food restaurants are running a fucking charity.

If that demand was from a market segment which had already earned $20/hr, then the value of the product is suddenly deflated. Are you underage or just skipped high school econ?

Yes. Next question?

Demand curves have a negative slope.

Is there any proof that genociding all niggers and establishing a white fascist regime that ruled the world wouldn't be a bad thing?

This is why a change to minimum wage as a unilateral decision isn't viable.

To increase the minimum wage to $15/hr, you'd need to decrease America's dependence on foreign products, strengthen our manufacturing and technology sectors, and increase tariffs on imports.

If you look at Seattle, the $15/hr minimum wage hike there has been successful in that the ones benefiting from the increased pay are better off. However, because the areas outside of Seattle haven't had to raise their wages, and thus costs, people are choosing to shop outside the city to get cheaper prices that literally can't be touched.

If we had a stronger self-reliance and an emphasis on smaller, privately owned "family" businesses instead of expansive corporations, we would have a more stable infrastructure to support the increased costs.

Normally more pay = higher costs

Better infrastructure means:
More pay = lower cost of common items = value of dollar goes further

You're right. They also exist in other states that let you pay your employees less.

Yes, they tried it on the west coast and it's caused lots of problems

Most of the money made by corporations that employ minimum wage workers is loaded into an overseas bank account, not to shareholders. Companies like McDonald's make an absolutely inane amount of money that's only sat on by some rich ceo who's never had to work a day in his life.

Because if your job can conceivably be replaced with a $30000 robot, it probably will

>clearly superior

Crunchwraps are shit, especially when they get assembled by some minimum-wage nutbag who can't follow simple directions.

Honestly the best is Hardee's but the only one around here is by my house and if I'm there I might as well eat at home.

1st grade math

>Is there any proof that raising the US's minimum wage to $15 would be a bad thing?

The kinds of people asking for it.

see
It never works as linearly as you are describing.

Is there any proof that raising the US's minimum wage to $1000 would be a bad thing?

the minimum wage is essentially a transfer of wealth from everyone making over the minimum wage to everyone making below the minimum wage.

Naturally those making more than minimum wage would rather keep the peasants below them than give them a piece of the pie.

I completely agree, they should tax the poor a lot less. Raising minimum wage however? lol no

>go to jack in the box
>get a shitload of mediocre taco's for nothing
git gud sempai