ECON What a National $15 Minimum Wage Looks Like
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kyrsyan
Has No Life - Lives on TB
Fast food will increase their prices. It has already happened in areas with the new wages. It'll happen everywhere. Businesses will shut down. People will stop buying. I already limit anything I buy out because 10 to 15 for simple drinks and burgers is insane. And that's the cheap stuff.
SpokaneMan
Veteran Member
Tis a good thang I don't eat fast food. I'm also good with being retired and financially stable. But I do worry about our children's and grandchildren's future and sustainability.
Not to borrow a catch phrase from our fellow doomer. But we are totally screwed.
Not to borrow a catch phrase from our fellow doomer. But we are totally screwed.
And no nosey check out clerks making note of odd purchases. Then if you pay in cash that is even fewer lines back to your preps.
Great Northwet
Veteran Member
Yep. So last year I went to McD and got the usual quarter pounder, fries, etc. The price here in town where we already have $15 an hour was $10.78. Then when I went up to Arlington which has no such thing and ordered the same thing, and the price was $5.24. That is the difference.
So if we get a federal standard $15 per hour minimum wage, it will cause massive inflation.
I believe that Biden means well, I just don't think he understands economics.
yes, but if you use your card you can go back years and years and see exactly what you bought LOL
I pray you're right! But I fear the Silly Season is in full bloom, and those tend to turn bloody so quickly...
Summerthyme
bcingu
Senior Member
What no one else talks about with $15 minimum wage. Everybody else takes a pay cut. Anyone with a certificate or license that put them in the higher wages group your pay may go up but now you are equal to an unskilled untrained high school dropout.
Skilled labor that was making double minimum at $16, 17, 18 an hour now your just dollars away from minimum no matter what your experience or training. Oh & all of us sheep skin holders who were making multiples more then minimum just took a hit as well because everything just got more expensive.
Instead of moving the minimum lower it for unskilled workers. Skilled,trained, or experienced workers have to learn to demand more. Yes you can I have done this my entire career.
Skilled labor that was making double minimum at $16, 17, 18 an hour now your just dollars away from minimum no matter what your experience or training. Oh & all of us sheep skin holders who were making multiples more then minimum just took a hit as well because everything just got more expensive.
Instead of moving the minimum lower it for unskilled workers. Skilled,trained, or experienced workers have to learn to demand more. Yes you can I have done this my entire career.
i only use a credit card for business expenses. Everything else is cash. I do have one estate sale company I will use a CC at but only if I am buying a large ticket item.
ainitfunny
Saved, to glorify God.
I don’t think most unskilled, minimum wage types understand
that their work has to BRING IN MUCH MORE MONEY (at least two to three times their hourly wage)
IN HOURLY PROFIT (NOT JUST HOURLY SALES!)
TO THE BUSINESS PAYING THEM, for that business to stay in business and pay them.
If I were hiring them, I would give them an orientation on ALL “overhead” the business had to pay, profit margins, and how much in sales is required to earn enough to continue paying them, doing business, and other fundamentals of capitalism.
that their work has to BRING IN MUCH MORE MONEY (at least two to three times their hourly wage)
IN HOURLY PROFIT (NOT JUST HOURLY SALES!)
TO THE BUSINESS PAYING THEM, for that business to stay in business and pay them.
If I were hiring them, I would give them an orientation on ALL “overhead” the business had to pay, profit margins, and how much in sales is required to earn enough to continue paying them, doing business, and other fundamentals of capitalism.
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bassaholic
Veteran Member
McDonalds $10 value menu incoming.
Why do you think the Dems target them for getting out the vote? Specifically because they don't understand.