Sup Forums BTFO

>2016
>not supporting a minimum wage of $15/hr

Why do you hate poor people user? Do you not want everyone to have livable wages? Is life not a human right anymore?

>conservaSHITS

Other urls found in this thread:

npr.org/sections/thesalt/2014/04/22/305859588/fast-food-ceos-earn-supersized-salaries-workers-earn-small-potatoes
forbes.com/companies/yum-brands/
m.huffpost.com/us/entry/the-10-companies-that-pay-americans-the-least_55e9aa0de4b093be51bb378c
macroaxis.com/invest/ratio/JCP--Number_of_Employees
macroaxis.com/invest/ratio/CMG--Number-of-Employees
bloomberg.com/news/articles/2014-05-15/chipotle-investors-slam-executive-compensation-at-annual-meeting
businessinsider.com/how-much-fast-food-jobs-pay-2013-7#!I5stQ
bostonjobsource.com/dunkin.html
macroaxis.com/invest/ratio/DPZ--Number-of-Employees
macroaxis.com/invest/ratio/WEN--Number-of-Employees
news.walmart.com/walmart-facts/
macroaxis.com/invest/ratio/SBUX--Number-of-Employees
macroaxis.com/invest/ratio/M--Number-of-Employees
bls.gov/ooh/management/mobile/top-executives.htm
twitter.com/NSFWRedditGif

free market faggot go fuck yourself, the CEOS can choose how much they want to make if they want to. Also, all those gay communist cock suckers going small business shopping arent going to be around much fucking longer when those gay coffee shops go out of business because they wanted a new minimum wage to be put in. Go fuck yourself and fuck liberals

This.

ok, but what are you going to do about it? regulate it?

regulate it to what exactly? a percentage of profits? then you just have more shell and subsidiaries along with more accountants shuffling the money around.

you might make a bigger incentive to reduce the workforce.

T. ancap.

>the cost of living in my overpriced shithole city is the same as everywhere else

>Starbucks CEO earned at most $21,500,000 a year
>Pic related
>They could afford to pay their employees $113 more per YEAR if they didn't pay him.
>That's $0.05 more per hour at a 40 hour work week.

Think about it this way.

How much skill does it take to be a CEO of a corporation
It takes a considerable amount of business skill and they had to work up the ladder to get there
High skill=High Pay

A burgerflipper or cashier does not require alot of skill
You can bring anyone in off the street and show them how to work a register thats why teenagers do it
Low skill=Low pay

It is a complex system of economics and corporate workings that determine the worth of an individual

Furthermore you will be promoted until you reach incompetence

If you start as a frycook and move up to line but go no further that is because you lack or do not exibit the skill to go further

You will get payed based off your skill and that is how it should be

WHERE'S MY SLICE?
I WANT MORE THAN EQUAL RIGHTS
I WANT EVERYTHING FOR FREEEEEE!!!!

People like you need to off themselves today - not tomorrow, but RIGHT NOW.

>Reduce CEO pay to zero
>Increase wage of each worker by $0.00000002
>No one wants to run the company

/thread

it's like these liberals don't look at the adverse affects of raising the wage and don't look at easier alternatives like lowering income tax

If you want to pay somebody 15/hour, nobody stops you from doing so. Start your own buisness/become CEO and pay how much you want

Raising the hourly wage for a giant company by, lets say $5, completely dwarfs the CEO's pay.

Do some math, bitches love math.

You can't liquidate Starbucks assets to pay its employees more.

>corporation makes $1 million per year
>Government forces minimum wages to increase
>Corporations increase minimum wages, increase prices to compensate
>Everyone pays more, extra money doesn't help the poor, since they're the ones who notice the price increase first
>Corporations still make $1 million in a year

Minimum wage should be abolished to promote competition.

Just look at Singapore and how companies compete on wages which satisfy the end user.

Minimum wage was a mistake.

OP is a giant faggot that doesn't know corporate finance or simple business algorithms.

small business profit margins will suffer more.
this is why corps back min wage hike
dont be a kike

What kind of drooling retard puts this image together and says "Yeah, this makes sense, this looks good"?

the divisive rhetoric in this country is enough to drive a man to madness. you literally can't afford to live in brooklyn on minimum wage, that's fucking insane. minimum wage should increase reasonably as long as cost of living does, but it's just barely inching along. But set the minimum wage somewhere between 10 and 11 dollars, 15 is ridiculous for small businesses (who should be exempt in the first place).

>JC Penny currently employs 105,000 people
>Let's assume only half are the ones working minimum wage (In reality it's probably closer to 85%)
>52,500 people x $5/hr raise = $262,500/hr
>Multiply by 30 (hours per week for part-time emlpoyees), then 4 (month), then 12 (year)
>$378,000,000
I wasn't aware JC Penny was so profitable it had a spare half-billion laying around.

How the fuck are people even still talking about this? How do people not understand this VERY BASIC math.

We need universal basic income, the US goverment cna afford to pay everyone 40,000 dollars a year for the rest of their lives, image what progress we can make as a sociery where only people who want to work, work, and the rest of us can spend our times creating art and advanceing sciences

>$2,704/$7.2=375.55

Walmart can only afford to move 375 employees to $15 an hour by firing their CEO

I can guarantee their CEO is more than 375 times more valuable than the minimum wage cart ushers they hire

Check this out faggot

npr.org/sections/thesalt/2014/04/22/305859588/fast-food-ceos-earn-supersized-salaries-workers-earn-small-potatoes

>YUM! (owner of KFC, Taco Bell, Pizza Hut) CEO earned a salary of 22 million in 2013

forbes.com/companies/yum-brands/

>YUM! employee count: 537,000

m.huffpost.com/us/entry/the-10-companies-that-pay-americans-the-least_55e9aa0de4b093be51bb378c

According this article roughly 70% of employees of fast food restaurants like this are paid min. wage. That sounds reasonable for this experiment. 537,000 x .70 = 375,900 living in squalor.

So that darn evil horrible CEO is taking home $22 million a year when his fry cooks can't afford an iPhone 6. Let's have a political revolution and take 100% of that shitlord's money away:


22,000,000 divided by 375,900 to give back to all his employees = $58.53 that can be given back to the employees a year.

Since the argument is no one working 40hrs a week should be working a shitty "non-livable" wage let's give the CEO's (the guy who's worked his entire life to be in his current position) money to all these impovershed employees. If they work 40 hrs a week, 50 weeks a year, that means each employee works 2,000 hours a year.

So, let's take all the shitlord's money and increase the fry cook's minimum wage!

$58.53 divided by 2,000 = .02 increase to hourly minimum wage.

>>>.02 increase to hourly minimum wage

WE DID IT PATRICK, WE ACHEIVED SOCIAL JUSTICE!

Oh you brought this back?

I thought I destroyed this last year and I know some faggot screen capped it but sure. I'll do it again

>Baiting this hard is deplorable.

>I want guaranteed neetbux, those of you who work should pay to let me sit around and do nothing!

THE MISLEADING CLAIM: These 8 CEOs get paid so much that they clearly can afford to raise their worker's wages to $15 per hour.

THE REALITY: As we'll demonstrate below, the math proves this claim is questionable, at best.

JC PENNY:
• 114,000 employees [1]
• CEO pay: $4,629 per hour per the meme.
Each employee could get a $0.04 per hour raise if the CEO's pay were entirely eliminated.

CHIPOTLE:
• 53,090 employees [2]
• CEO pay: $13,489 per hour per the meme.
Each employee could get a $0.25 per hour raise if the CEO's pay were entirely eliminated.

Note, part of why Chipotle's CEO (Steve Ells) is so highly compensated is because he holds TWO positions, rather than just one, also serving as Chipotle’s chairman. [3]

Another interesting point? Chipotle ALREADY pays its workers more than comparable fast food outlets, such as Taco Bell, Chick-fil-A, McDonald's, Wendy's, and Burger King. [4]

DUNKIN DONUTS:
• 260,000 employees [5]
• CEO pay: $4,889 per hour per the meme.
Each employee could get a $0.01 (technically 0.018) per hour raise if the CEO's pay were entirely eliminated.

DOMINOS:
• 11,000 employees [6]
• CEO pay: $3,571 per hour per the meme.
Each employee could get a $0.32 per hour raise if the CEO's pay were entirely eliminated.

WENDY'S:
• 31,200 employees [7]
• CEO pay: $3,465 per hour per the meme.
Each employee could get a $0.11 per hour raise if the CEO's pay were entirely eliminated.

WAL-MART:
• 2,200,000 employees [8]
• CEO pay: $2,704 per hour per the meme.
Each employee could get a $0.00 (technically 0.001) per hour raise if the CEO's pay were entirely eliminated.

STAR-BUCKS:
• 191,000 employees [9]
• CEO pay: $10,285 per hour per the meme.
Each employee could get a $0.05 per hour raise if the CEO's pay were entirely eliminated.

>Part II after this

The door is on the left. Use it.

Shut the fuck up faggot.Kek wills it.

MACY'S:
• 166,900 employees [10]
• CEO pay: $7,904 per hour per the meme.
Each employee could get a $0.04 (technically 0.047) per hour raise if the CEO's pay were entirely eliminated.

CONCLUSION:
Considering that this meme took annual CEO pay and simply divided it up into 40 hour work weeks despite the fact that CEOs of top firms routinely work over 40 hours a week [11], it already was guilty of significantly over-inflating CEO's hourly wages. But even if one takes the meme's inaccurate estimates at face value, it's conclusion proves to be entirely false, never the less. You could literally eradicate 100% of CEO pay from each of these companies and never even come close to a 50 cent per hour raise for workers, never mind nearly doubling minimum wages to $15 per hour. This claim is demonstrably false.
----------------------
ADDENDUM:
Before one protests that our counter-argument is off because we counted ALL employees rather than focusing only on those paid under $15, understand that this point - while valid - raises only a very small discrepancy.

It wouldn't matter if one adjusted the math to apply it to half or even one-third the workforce, because one would still struggle to add a dollar to worker's pay. For instance, take Wal-Mart for example. Their pay increase would each be a (rounded down) 0 cents per hour raise if applied to all workers, but if we adjusted the figures to distribute the CEO's pay amongst workers presently earning less than $15, as to bring it up to the hypothetical $15 minimum, it still wouldn't be more than a few cent raise. Therefore, even though our rebuttal is a rounded off estimate, it's one that is so significantly far away from the original misleading claim that it becomes obvious Occupy Democrats was very wrong.

>Sources next

die commie scum

> All companies increase minimum wage
> Scarcity of goods and services remains the same
> companies have basically gutted themselves to artificially inflate prices
> Thanks commies

whoa its almost as if being a CEO is more important than being a glorified nigger slave

I still don't get why people think severely slashing CEO pay is somehow going to be a huge boon on the average employees.

Millenials. Fuck 'em.

Sources:
[1]
macroaxis.com/invest/ratio/JCP--Number_of_Employees

[2]
macroaxis.com/invest/ratio/CMG--Number-of-Employees

[3]
bloomberg.com/news/articles/2014-05-15/chipotle-investors-slam-executive-compensation-at-annual-meeting

[4]
businessinsider.com/how-much-fast-food-jobs-pay-2013-7#!I5stQ

[5]
bostonjobsource.com/dunkin.html

[6]
macroaxis.com/invest/ratio/DPZ--Number-of-Employees

[7]
macroaxis.com/invest/ratio/WEN--Number-of-Employees

[8]
news.walmart.com/walmart-facts/

[9]
macroaxis.com/invest/ratio/SBUX--Number-of-Employees

[10]
macroaxis.com/invest/ratio/M--Number-of-Employees

[11]
bls.gov/ooh/management/mobile/top-executives.htm

How about instead we go back on the gold standard so our money is actually worth something again

Kill yourself in a grease fire, you stupid, stupid little faggot.

>This

Define "small business".

But then how do we print money to pay for all the nigglets' food and sheit?

wow it really makes ya THINK AGAIN

Walmart would only be able to employ 180 people per ceo plus cutting their current work force in half

I see a lot of insults but no real points/facts refuting me...

BTFO
T
F
O

What's fucked up is the guy who headed the division at Wells Fargo that committed all that fucking fraud got out of there with a $125 million package. Motherfucker should be in prison.

As a random example, let's pick Wendy's. They've got 21k employees. Let's say 15k of them work for minimum wage. If the CEO's entire salary was distributed among them, it would only increase their wage by 23 cents.

I don't have strong feelings one way or the other. Prices will not go up, people on minimum wage will just be replaced with robots. Its too late, already happening. Just remember, you asked for this.

>itt OP doesn't understand economics at all
You must be a nigger, because you sure ain't Jewish.

There was a company that raised everyone's wages to $70k a year. Last I heard of them was the CEO renting his house.

see
You're too obtuse to be a troll, like you're not even good at it. No keks to be had.
You must be a real life retard.

>1 post by this ID

Y'all motherfuckers postin' in a slide thread.

>we communism
No, the US can't afford to pay everyone minimum wage.

Same way we do now? They would just need less of it to buy the same shit.

What is one person vs THOUSANDS precious?

What a fucking faggot

People will choose to do nothing if they get everything they need.
>Native Americans
>Welfare nigs
We'll sit around an do nothing after a while unless we're forced to do something else

Gravity Payments. I used to work for a small credit processor and they were our main competitor (which was confusing because we also ran a lot of business through them).
It was a publicity stunt, the company was only about 50 people, and the CEO was in fact renting his house and took no actual pay.

Yes JC penny can fire their CEO and hire 300 extra workers to sit around and do nothing. Stupid socialists.

You can't print money if you are on the gold Standard, that is why we got off it shortly after LBJ kicked off super welfare

>Dunkin Dounuts
>10,858 stores
>assuming that is 12 employees per store, the same ratio as McDonald's the would have a total of 130296 employees
>$4889 8 hours a day, 5 days a week, 52 weeks a year = $10,169,120
>total salary of CEO divided by total number of employees 10169120/130296 = $78.04 per employee
>that being an extra $78.04 per employee per year
>78.04/52=$1.50 a week
>$0.30 a day
> 3.75 cents an hour

So grants, Dunkin Dounts can now pay their employees an extra 3.75 cents an hour and all they had to do was refuse to pay their CEO a penny, which I'm sure will be great for the longevity of the employees' jobs.

How can we go to a gold standard and keep credit lending?

I want to gut the kikes as much as anyone but being able to take out loans for houses and cars n shiet is pretty nice. We clearly live in a different world than we did 100+ years ago.

The main problem is people stumping themselves with their shitty degrees or buying houses without a plan.

It's one thing to demand a gold standard because of Based Jackson but I would like to know how it actually pans out

I'm sure something would be figured out, are you implying we shouldn't go back on it because welfare? Not that we probably ever will anyway.

Let's pick the biggest CEO wage in the image: Chipotle.

13,489 / 15 = 900 (rounded up)

Chipotle employs more than 45,000 people.

So given the number of people those companies employ, they couldn't pay their employees $15 an hour even if they paid the CEOs $15 an hour.

What happened with Wells Fargo exactly? Was this during the 2008 habbening?

No I was being sarcastic, I'm all for the Gold standard; even more so because it means the end of the Welfare state and the deaths of thousands of nigglets

>highest earning CEO earns $10k an hour
>10285/15=around 685

Oh wow, we could give 685 people, including CEO $15 an hour
Are libshits really this shit at mathematics?

...

>implying money is created by printing and not fractional reserve lending

Fuck, didbt see Chiptole

Starbucks has 1 CEO and over 100k baristas. Raising barista pay $1/hr assuming 8 hrs/day and 365 days a year would cost Starbucks $292 million annually. Raising barista pay $5/hr would bankrupt the company.

Raising minimum wage to $15/hr will eliminate hundreds of thousands of unskilled labor jobs. Americans will be replaced with kiosks and self-service shit. Starbucks will be a big ass robot like those Coke Freestyle machines. You'll order tendies from a touch screen instead of a person.

And then they'll pay their CEOs even more after reducing cost in human capital.

Check em!

the intentions are good, but the result are not

reducing immigration would do more to increase wages than increasing wages would, because the moment wages are increased the ones on top will just move the bar a little bit higher and fire a shit ton of people, and the value of the wages will go back to what it was, nothing will have been achieved

I'm the furthest thing from a millenial, but holy dicks, 13k an hour and chipotle is still struggling to drum up business?

Thinking with math is hard. Thinking with your emotions is easy.

I agree with your point but you math is garbage, you do not make a good argument when people can pick apart the math to make you look bad.

Should be 100k workers x40 hours a week x52 weeks x1$

>gold standard
>pans out

kek

Fpbp

Starbucks are open on weekends, too. It's closer to 56 hrs/wk than 40.

Paying everyone in the country $40,000 would cost $12 trillion/year. Do you think the """scientific advances""" NEETs would totally make is worth that?

>chipotle
>Propped up almost entirely by hipster leftists
Well time to blame all the republicans who packed their own lunches

yeah but they would not have the same people every day.

you would have a rotating shift set up so that no one works more than 5 days a week.

Quick question to those more fluent in business practices: wouldn't the better solution be to remove some benefit requirements?

kek'd but I'd still like a /biz/ to answer my question

? even if socialism was in effect do you really think that $13,000 from Chipotle can be distributed to ALL employees?

socialist are retarded and should be gassed.

>Australia's min wage is 17 dollars!
>Ignore higher taxes & higher cost of living

Everytime

I wonder if the people who want minimum wage are retarded or just ignorant

Minimum wage increases means operating cost increases, the companies will fire lazy ass employees and increase the price of everything

which means, you gain nothing but inflation

$15 minimum wage would DESTROY small /biz/

Anyone here trying to do the work a CEO would do would ruin a company pretty much instantly.

Demand for labor hours will decrease, thus creating more unemployment and welfare.

Liberals despise math, they always get shit grades. They absolutely stay away from business degree classes, most evidently Accounting.

If they received actual educations at school instead of transgender studies it would make them question more things, as they would understand more things.

As it stands, they don't understand fuck-all.

They're the same people who want free college. They don't put much thought into what the consequences would be.

How fucking lazy do you have to be to stay at a minimum wage job? And why is somebody else's laziness worth fucking up the economy over?

>libshits double the minumum wage
>prices normalize to the halved purchasing power of money
>$7 bread lol
>$14 bigmac meals lol
>libshits parents savings have been cut in half
>salaries based on _x the minimum wage correct, but slowly leading to tough times for the american middle class on two fronts
>robots replace service industry human labor
>niggers and mexicans even more unemployed than before
>middle class fucked over
>liberals can't afford their doubled college costs since mommy and daddies college fund just lost half it's value.

That's the point, Democrats bow down to the big corps who want less competition

How people haven't realised this yet is fucking sad, Occupy Democrats is blatantly run by the establishment but acts like it's fighting for the little guy with it's whole "occupy wall street" thing going on, people fall for it so easily

Can't you just lower taxes for those who earn minimum wage and increase it for those making thousands of dollars an hour?

I have had the same exact thought for a while. Well that or they bummed their math classes to protest.

You realize that it would also destroy big corporations? Higher wages = higher unemployment. Less people with money in their pocket = less profits.

The only ones who benefit from this are guys like Pablo who'll happily take that 7.25/h job off the hands of someone who thinks they deserve 15/h.

It may surprise you to learn that the CEO of Starbucks contributes 1000x as much value to the company as the barista making $7.25/hr.

A public company exists to make shareholders rich. If some guy could run the company better for less salary, the shareholders would hire him to be CEO. Less money in his pocket means more money in theirs.

Highest earners are taxed 39.6%, that doesn't already seem like too much?