Would everything cost more? If so how? Why are liberals so entitled they want their stupid high school jobs to pay more when they should just get a better job?
What is the impact of raising the minimum wage to a higher salary?
Brayden Wilson
Charles Bailey
in switzerland ____everyone___ earns like 30 euros per hour already, you ameribrainfart, and it´s economy is healthy as fuck. /thread
Parker Nelson
Europe has minimum wages you can live on, and they are doing fine
Tyler Walker
They aren't even hiding their communiggery anymore.
Luke Foster
Higher wages, higher commodity. higher inflation.
Maybe if the commodity was cheaper in quantity and quality. So would be the wage.
Asher Brooks
when companies are voluntarily raising wages to 15/hour, I think its time to up it.
$15/hour really isn't much anymore. Everyone knows it..
Ian Rogers
>Would everything cost more?
It will a little bit. Say a burger costs $3 and takes 10 minutes to cook. Even the lowest skill burger flipper with basic equipment can cook 5 burgers at a time. That's thirty burgers an hour. That means 24 cents of your $3 burger is burger flipper minimum wage. If you raise that to $15/hour the burger flipper minimum wage cost per burger is 50 cents. So now your $3 burger now costs $3.26. The more burgers that worker can cook at the same time the lower the increase in price. I've seen people barbecue 20-30 burgers at a time.
Brody Watson
Because your 98% white and opted out of importing masses of deadbeat niggers.
Jace Jackson
>98% white
As long as there are still White people, it's not too late to make America White again.
Grayson Carter
It's almost like Switzerland isn't America! It works for them because they don't have anywhere near the population we have.
Jayden Torres
>Comparing White majority countries with mutts and expects the same result
Not familiar with the scientific method now are we?
Noah Anderson
How the fuck could we afford to give Israel billions every year if we raised our own wages to a livable standard?!
Asher Hall
arbitrary price floor just raises the cost of all goods across the board, and also causes job loss as companies will focus more and more on automation.
Its economics 101
Wyatt Morgan
Inflation, and many people out of jobs because of automation or price elasticity of demand means they can't simply pass on costs.
Jackson Kelly
Have you ever worked in fast food?
Hudson Ward
Nothing. Inflation has increased almost 500 percent in forty years in the US.
Colton Scott
>wage
>salary
americans are so stupid
Aaron Russell
Productive white people earn good wages. Wow, imagine that. What are you supposed to do with the nigger who has a productivity level of $4 per hour? Pay him $15 per hour, a cost of $20 per hour after the extra taxes and overhead to the employer, all so you can lose $16 per hour for his labor?
Joshua Long
Index it to cost of living and the corps would be deincentivized to do either, else they would have to pay workers even more (cost of living would also go up with unemployment rates) it’s not my fault the Jew must be forced to do the right thing.
Ryder Parker
>What are you supposed to do with the nigger who has a productivity level of $4 per hour?
Fire him.
Oliver Reyes
Right now $15 is hour gives you an easily aciveable goal. It's NOT the bear minimum, and that's important. If you are paid the bar minimum, then undesirables will be able to afford to live in your neighborhood, and they will ruin it. Or you will be forced out of your neighborhood because you cant afford it, and be forced to live among them.
It's pretty easy to make 15 an hour, all you basically have to do is show up to work on time everyday and you will stand out among other employees, the bar has been sat so low it's not even funny. And paying the bottom feeders of society more money will not make them not bottom feeders.
Isaiah Perry
Median household income is 59k or split between two workers is 14.75 an hour.
Half the population isn't in high school. Not everyone can be a welder or an engineer. People have to cook the food, make coffee, clean offices and stock those shelves.
The get a better job argument does not work in a macro scale, only for individuals. This is like the based X only works on individuals not on whole populations.
Bentley Johnson
Affirmative action ensures that no matter how high they make minimum wage niggers will still be hired
Dylan Jackson
>bear minimum
That’s not a lot of bears
Dylan Gray
>Imagine there is a shit company that makes a product everyone uses.
>Lets call it a widget.
>The widget is so shitty that nobody wants to buy it. But these widgets are used in every industry.
>There are other widgets out there that are much nicer, so everybody buys the nicer widgets.
>The government starts getting petitioned by this shit-widget company and others like it that they should FORCE people to buy widgets from them in order to get the economy running.
>The government decides to legislate that every week, some of the citizenry must buy a widget from this company and others like it.
>Obviously this is retarded as fuck.
>The widget is low skill employment
>The company is low skill employees
Michael Perez
try again it still sounds retarded
Christian Flores
>imagine a product every company uses (widgets)
>Imagine a company (Shit widgets inc.) that makes very shitty widgets
>Other companies make nicer widgets so everybody buys those instead, and at a higher price.
>Shit-widgets inc. is forced to lower their price of the widget in order to sell anything.
>Shit-widgets lobbies the government to legislate that people must buy their widgets at the nice widgets price regardless of how shitty they are
>The government decides to legislate that every week, some of the companies must buy a widget from shit-widgets inc.
>Obviously this is retarded as fuck, if the widgets are shit why would you legislate someone to buy something
>The widget is low skill employment
>Shit-widgets inc. is low skill employees
Elijah Clark
money isn't money. people need to understand this.
money is your power to buy things
the price of things is a complex interaction between their costs and their value
you're not supplying money from the outside, you are increasing the costs (through wages) to increase the buying power (the wages)
so you're making one side of the equation go up by increasing the other side of the equation
that doesn't change inequality in the system in terms of the power to buy of the lowest members of society to the highest
IE it's just artificial inflation.
now how does it have an impact? the market reacts slowly, but laws happen instantly
so you change the wage law, and all the sudden every producer's costs go up
without an exactly equal rise in their intake, they bear the initial burden of higher wages.
also, wages are taxed to the consumer and taxed to the company as a percentage of the number, so the amount of tax being withdrawn from the system goes up as the numbers get bigger
so, you go from an earner who can buy 1 expansion pack from the vendor for 2 hours work, to an earner that can buy 1 expansion pack from the vendor for 2.1 hours work.
if the wage earnings do not keep pace with the rise of the cost of things (which is inflation) then you have a poorer lower earning class than you started with
and the employer side of things will act to minimize the impact... like getting robots at mcdonalds instead of people
William Turner
one more time