Minimum Wage Hike in U.S.
- Thread starter cloudnine
- Start date
Digital Jams
New member
Maybe Sean could write a book to get this super secret out ot the puplic.....selling shoes will make you flithy stinking rich.
Maybe you guys just don't have good information and he does :?
Maybe you guys just don't have good information and he does :?
Chubtone
Well-known member
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Futility is not my favorite past time :mrgreen: Just for kicks, take your hourly pay and add 6.2% to it for the businesses portion of your social security. Then add 4% to it for Federal Unemployment Tax. Then add anywhere from 8-25% to it for workers compensation insurance. THis percentage depends on how dangerous the job is. So a $10 an hour employee costs me about $12.37 an hour. This is just the tip of the iceberg. But can easily be explained away if you have no clue or just favor communism so everyone can make the same amount.
Bob Savage":547f4 said:
Futility is not my favorite past time :mrgreen: Just for kicks, take your hourly pay and add 6.2% to it for the businesses portion of your social security. Then add 4% to it for Federal Unemployment Tax. Then add anywhere from 8-25% to it for workers compensation insurance. THis percentage depends on how dangerous the job is. So a $10 an hour employee costs me about $12.37 an hour. This is just the tip of the iceberg. But can easily be explained away if you have no clue or just favor communism so everyone can make the same amount.
Chubtone
Well-known member
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Exactly. I know all my employees have access to how much my rent is and what my true cost is according to invoices. Heck I let them see all my bills and overhead. Show them my personal bank balances and investments. Tell them what my house is valued at. It's very typical for Sean to have access to all the information that should be for his boss's eyes alone.
Digital Jams":d66e9 said:
Exactly. I know all my employees have access to how much my rent is and what my true cost is according to invoices. Heck I let them see all my bills and overhead. Show them my personal bank balances and investments. Tell them what my house is valued at. It's very typical for Sean to have access to all the information that should be for his boss's eyes alone.
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The reason everyone is ignoring the article is because the facts are too inconvenient for them. Its easier to throw out words like "Liberalism" and "mental disorder" than have an intelligent discussion about it. And then you have the priceless post "because its bogus". Wow.
Ive got no problem with someone disagreeing with something, but the mindless partisan slander really needs to stop. It does absolutely nothing good for this country. It doesnt take a whole lotta smarts to realize that there are nutjobs on both sides of the coin.
In conclusion, and here's my partisan retort........come out from under Bill O'Reilly's desk everyonce and a while for some fresh air.
P.S. I never studied economics a whole lot, but won't part of that money translate to more sales for business owners? Bah, its really too big of a picture for me to handle. I think Ill leave that to the econmist who might actually know what he's talking about. Props to cobrahead for at least giving it some thought.
Now I realize that this is obviously not the poplular postion here.....so LEMME HAVE IT!!!
OHH AND BTW. CHUCK LIDDEL FOR LIFE BABY WOOOOOOOO!!!
Variable":15f80 said:
The reason everyone is ignoring the article is because the facts are too inconvenient for them. Its easier to throw out words like "Liberalism" and "mental disorder" than have an intelligent discussion about it. And then you have the priceless post "because its bogus". Wow.
Ive got no problem with someone disagreeing with something, but the mindless partisan slander really needs to stop. It does absolutely nothing good for this country. It doesnt take a whole lotta smarts to realize that there are nutjobs on both sides of the coin.
In conclusion, and here's my partisan retort........come out from under Bill O'Reilly's desk everyonce and a while for some fresh air.
P.S. I never studied economics a whole lot, but won't part of that money translate to more sales for business owners? Bah, its really too big of a picture for me to handle. I think Ill leave that to the econmist who might actually know what he's talking about. Props to cobrahead for at least giving it some thought.
Now I realize that this is obviously not the poplular postion here.....so LEMME HAVE IT!!!
OHH AND BTW. CHUCK LIDDEL FOR LIFE BABY WOOOOOOOO!!!
MitchSchaft
New member
Dude, you should move to Memphrica. There's your type ALL OVER on this side of the state 
. The armpit of the south!
. The armpit of the south!
Chubtone
Well-known member
Do you need to be an life long economics professor sitting in your university office to answer this, or is it OK for people who actually operate a business in the real world to give answers?
Increased sales don't mean anything if increased costs go hand in hand with them. If you raise the wages of the people building guitars, the manufacturer raises the price he charges me. I pay more for the product and for my employees, now I too raise the price of my products. So the increase to the minimum wage worker means they can't buy anything more than they could buy before their raise because the price of everything has gone up.
Sounds ok, doesn't it? But the problem is the people who make above minimum wage have not gotten a corresponding raise and everything now costs more for them too.
Increased sales don't mean anything if increased costs go hand in hand with them. If you raise the wages of the people building guitars, the manufacturer raises the price he charges me. I pay more for the product and for my employees, now I too raise the price of my products. So the increase to the minimum wage worker means they can't buy anything more than they could buy before their raise because the price of everything has gone up.
Sounds ok, doesn't it? But the problem is the people who make above minimum wage have not gotten a corresponding raise and everything now costs more for them too.
OneArmedScissor
New member
Chubtone
Well-known member
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Which is pretty much exactly what my post that was deleted was about. I know a bunch of us are sick of our little Canadien buddy constantly telling us what is wrong with our country. Like I said, it reminds me of the pilot fish bitching about what the shark is choosing to eat.
OneArmedScissor":72a60 said:
Which is pretty much exactly what my post that was deleted was about. I know a bunch of us are sick of our little Canadien buddy constantly telling us what is wrong with our country. Like I said, it reminds me of the pilot fish bitching about what the shark is choosing to eat.
Digital Jams
New member
Cloudnine = Pilot Fish :x \M/
LoL......I see that pet name sticking for awhile
LoL......I see that pet name sticking for awhile
Variable
Active member
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And that's partially the point I was trying to make with my original post. All I saw was a partisan bitch-fest with little supporting evidence from both sides, so I figured I'd throw out some actual research to stoke the fire. Personally, I don't think we'll know exactly what effect the minimum wage hike will have until we try it. One fact remains, though, and that is that the minimum wage, adjusted for inflation, is at its lowest since 1951. It's not meant to be lived on (or it would be a living wage), but at the very least it should follow inflation and cost of living increases. Another point that a lot of alarmists seem to miss is that an increase in the minimum wage will give Americans more buying power, which may increase business overall. And it will give low-income families more money to pursue education to move out of that income bracket. But, like many people have said, these folks have to want to. Many do, but don't have the financial means.
Of course, like I said we won't know until it happens. But it's not like this is the first time the minimum wage has been increased. The world didn't end the last time it increased, and I'm sure it won't end now. The bill passed will increase it over the span of 26 months, so it's not going to be a huge immediate impact either.
eonblue":3e872 said:>|<>QBB<
The reason everyone is ignoring the article is because the facts are too inconvenient for them. Its easier to throw out words like "Liberalism" and "mental disorder" than have an intelligent discussion about it. And then you have the priceless post "because its bogus". Wow.
Ive got no problem with someone disagreeing with something, but the mindless partisan slander really needs to stop. It does absolutely nothing good for this country. It doesnt take a whole lotta smarts to realize that there are nutjobs on both sides of the coin.
In conclusion, and here's my partisan retort........come out from under Bill O'Reilly's desk everyonce and a while for some fresh air.
P.S. I never studied economics a whole lot, but won't part of that money translate to more sales for business owners? Bah, its really too big of a picture for me to handle. I think Ill leave that to the econmist who might actually know what he's talking about. Props to cobrahead for at least giving it some thought.
Now I realize that this is obviously not the poplular postion here.....so LEMME HAVE IT!!!
OHH AND BTW. CHUCK LIDDEL FOR LIFE BABY WOOOOOOOO!!!
And that's partially the point I was trying to make with my original post. All I saw was a partisan bitch-fest with little supporting evidence from both sides, so I figured I'd throw out some actual research to stoke the fire. Personally, I don't think we'll know exactly what effect the minimum wage hike will have until we try it. One fact remains, though, and that is that the minimum wage, adjusted for inflation, is at its lowest since 1951. It's not meant to be lived on (or it would be a living wage), but at the very least it should follow inflation and cost of living increases. Another point that a lot of alarmists seem to miss is that an increase in the minimum wage will give Americans more buying power, which may increase business overall. And it will give low-income families more money to pursue education to move out of that income bracket. But, like many people have said, these folks have to want to. Many do, but don't have the financial means.
Of course, like I said we won't know until it happens. But it's not like this is the first time the minimum wage has been increased. The world didn't end the last time it increased, and I'm sure it won't end now. The bill passed will increase it over the span of 26 months, so it's not going to be a huge immediate impact either.
SteveVHT
New member
Well, I just spoke to my friend, who's family owns a fairly popular shoe store here on Long Island. Most of their items are specialty(wide sizes etc).
I specifically asked what the profit margin was on the average sale....This is for the last 22 years...
Between 5% and 32% on rare instances for complete custom orders. And I was told that chain stores like Foot Locker etc make an average of 7%-15% MAX...
Just thought I'd share...
Steve
I specifically asked what the profit margin was on the average sale....This is for the last 22 years...
Between 5% and 32% on rare instances for complete custom orders. And I was told that chain stores like Foot Locker etc make an average of 7%-15% MAX...
Just thought I'd share...
Steve
Chubtone
Well-known member
You don't need money to move out of that income bracket. My plumber makes $95 an hour. My mechanic charges $95 an hour. A tile installer just quoted me $2300 for what he said will be 3 days work, not counting the cost of the tile. Electricians make great money.
You don't need an education to move out of these low income brackets. What you do need however is the desire to work hard to make a good living. How do you counter the fact that a good tradesman can make a killer living with no college education whatsoever? No one just gives this to you though, you have to go out and get it. Therein lies the problem for the majority of those doomed to low income subsistence.
You don't need an education to move out of these low income brackets. What you do need however is the desire to work hard to make a good living. How do you counter the fact that a good tradesman can make a killer living with no college education whatsoever? No one just gives this to you though, you have to go out and get it. Therein lies the problem for the majority of those doomed to low income subsistence.
defpearlpilot
New member
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This totally doesn't sound right with the attitude that some of these other guys had. I remember somebody said, he's got no this, no that, so he's only worth $5.15. So how does someone with no skills get to start making $7.50, $10, or whatever?
The other thing that I find a bit ironic is that we're all on the side of business but we hate what corporations are doing. Aren't they just businesses on a larger scale protecting their interests?
BTW, this post is not aimed at you.
I'm just curious as to what the response will be. I also know plenty of people that have college degrees working in Walgreens, Burger King, etc.
Chubtone":4f95a said:
This totally doesn't sound right with the attitude that some of these other guys had. I remember somebody said, he's got no this, no that, so he's only worth $5.15. So how does someone with no skills get to start making $7.50, $10, or whatever?
The other thing that I find a bit ironic is that we're all on the side of business but we hate what corporations are doing.
Aren't they just businesses on a larger scale protecting their interests?BTW, this post is not aimed at you.
I'm just curious as to what the response will be. I also know plenty of people that have college degrees working in Walgreens, Burger King, etc.
Variable
Active member
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I was an assistant-manager at Walgreens before I left to work the family business. They won't hire managers without a college degree anymore. They don't care what it's in, just that you went to college and graduated. It wasn't a bad job, but you had to bust your ass and put up with a lot of bullshit for what you got paid. Since I worked third shift, it was my job to get all the shit the day people didn't do, done. Which was usually everything
defpearlpilot":de8a5 said:
I was an assistant-manager at Walgreens before I left to work the family business. They won't hire managers without a college degree anymore. They don't care what it's in, just that you went to college and graduated. It wasn't a bad job, but you had to bust your ass and put up with a lot of bullshit for what you got paid. Since I worked third shift, it was my job to get all the shit the day people didn't do, done. Which was usually everything
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If you feel that owning whatever business it is that you own makes you qualified to answer questions of national scale competently then by all means go ahead. I do find it hard to believe that experience running a small business(assuming that is the extent of your knowledge) gives you the insight to wrap your mind around such a large issue.
That said, just having owned a business puts you in a better position to answer questions such as these than me, having never owned a business. But, I, unlike you, am not making strong assertions about the affect of the wage hike, and further, admitted that I don't even know where to begin. My mentioning that increased minimum wage might spur more spending from that income bracket was just an idea on how things might balance out. Im am in no way trying to predict what the effects will be cause frankly thats far beyond my little brain
. But, Variable is right, its not like this is the first time we have done this and the economy has contually grown has it not?
Chubtone":e2749 said:
If you feel that owning whatever business it is that you own makes you qualified to answer questions of national scale competently then by all means go ahead. I do find it hard to believe that experience running a small business(assuming that is the extent of your knowledge) gives you the insight to wrap your mind around such a large issue.
That said, just having owned a business puts you in a better position to answer questions such as these than me, having never owned a business. But, I, unlike you, am not making strong assertions about the affect of the wage hike, and further, admitted that I don't even know where to begin. My mentioning that increased minimum wage might spur more spending from that income bracket was just an idea on how things might balance out. Im am in no way trying to predict what the effects will be cause frankly thats far beyond my little brain
. But, Variable is right, its not like this is the first time we have done this and the economy has contually grown has it not?
Songman68
New member
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That is what it is, they favor socialism/communism and want to punish those evil rich people by redistributing their wealth. Which will do nothing more than make everyone poor. This is why I so hate the friggin lefto political agenda. The sad thing is the Republicans aren't much better. That is why I vote Libertarian.
Chubtone":e169b said:
That is what it is, they favor socialism/communism and want to punish those evil rich people by redistributing their wealth. Which will do nothing more than make everyone poor. This is why I so hate the friggin lefto political agenda. The sad thing is the Republicans aren't much better. That is why I vote Libertarian.