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Thread: Why Everyone Is Laughing at the Democrats Minimum Wage Bill Right Now......

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    PJL's Avatar Senior Member
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    Quote Originally Posted by carolina73 View Post
    Says China who would love to crush US businesses while they run slave and child labor camps. If we believed you were from Australia then we would point to the fact that the high minimum wage already made manufacturing in your country a shadow of what it was. The manufacturing industry in Australia has declined from 30% of GDP in the 1960s to 12% of GDP in 2007. That is less than half. How many car companies are left? Tell us about Ford. Tell us about Mitsubishi. Tell us about Toyota. Tell us about Honda.
    To be fair , Australia is a far easier country to administer than a country the size of the US , because we only have under 30 million people to look after........but the ratio between the cost of living , and the national minimum wage is a universal equation , that doesn't alter.....at least , not in developed countries like ours , with modern economies . The thing that both saddens me , and makes my blood boil is that both our countries CAN afford a decent living wage for everyone who works , and we CAN afford to look after the unemployed and the lower classes......yes, there will always be poverty , and there will always be free loaders , but they are a small minority in the scheme of things . Its greed at the top , that prevents the country from looking after everyone , as they should.......pure unadulterated greed.

  2. #32
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    There's nothing wrong with running high national debt , as long as a high % of that debt is used for infrastructure and nation building . The US is making a fundamental mistake with going into debt for the benefit of corporations and Wall St......nothing good can ever come of that . You people have been doing it since 2008 , and it went on steroids during 2020 . There will be a price to pay .
    Last edited by PJL; 01-27-2021 at 05:20 PM.

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    donttread's Avatar Senior Member
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    Quote Originally Posted by carolina73 View Post
    I was working on new pricing for 2021 this morning for our products. I decided to plug in the effects of the new wages.

    I took the increase in wages and looked at the effect on my company and then increased the equivalent percentage on raw materials, goods and services provided to our company at the equivalent increase. I then applied it to some common products.

    The $15 wage (even though we already pay $17) will result in an additional 8% price increase.

    My business is not so different from traditional model of 35 - 40% raw material content and the rest of the cost being labor and overhead.

    That means the US economy not only should be looking at a price increase of 8% in the cost of US produced goods, but then also and equivalent increase by the distribution channels that will also be applied to their imports. Then you have to look at increases by the transportation sector.

    Anyone that claims that a $15 minimum wage is not inflationary is just an idiot that should you should dismiss immediately. They have an agenda that is not pro-American.

    Your cost of goods and services will rise immediately by a minimum of 11%.

    A study conducted by the bipartisan Congressional Budget Office (CBO) in July 2019 found that raising the federal minimum wage from the current rate of $7.25 an hour to $15 an hour, even if done incrementally over five years, would likely result in more than 1.3 million jobs lost.


    The world survives other semi-skilled laborers being decently paid and there is no free market in labor. For example Biden intends to let millions of hard workers in to the country and then increase wages.

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    I already found One insurer Not in the "marketplace" made by government. I would be insulted to be handed the 'government wage', and I don't need health or law to tell them to shove it. Well obviously with a minimum wage like France its all obvious, old people keep cushy jobs right, new jobs drop, all young french people protest for jobs, you can't half-communist half-socialist all that, a free economy, and you move one part of the thing and the rest of it moves around. Old people keeping all the jobs cushy jobs, that happens already.

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    Quote Originally Posted by MMC View Post
    Well, it’s here, folks. The Democrats have put forward their bill to raise the minimum wage to $15/hour…by 2025. Yeah, you read that right. Personally, there should be no minimum wage, which The New York Times editorial board supported in 1987. Let the market decide the wages for these low-skill workers:


    Flashforward to 2021 and we know which side has won and what it has done for these workers. It’s screwed them—royally. They tried this in Seattle, and it’s ruined the restaurant business. Even USA Today was saying let’s pump the brakes on these minimum wage increases to $15/hour because studies and its application show that it hurts workers, cuts their hours, and kills their employment. It injects steroids into the automation timelines which eliminates a host of these minimum wage jobs as well.


    Now, under the Biden administration, we have a bill, but it’s not good enough for the far left. Sen. Bernie Sanders (I-VT), one of the faces of this movement, views the minimum wage increase as a moral imperative. Well, everyone is trashing it. Progressives note that it will still be a poverty wage by 2025, while conservatives are pointing out how Democratic voters were duped this cycle.....snip~


    Tim Young



    @TimRunsHisMouth





    By 2025. Didnt Democrats sell this as an immediate plan to their base?.....snip~



    BY 2025.
    ....Democrats dupe Sanders and his supporters again. Trick the rest of the leftness.


    It's going to pass, so yuk it up.

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    What about those businesses that can't afford $15 an hour? What about those that want to start a business but are afraid to because of they might not be able to pay that high of a wage from the beginning?





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    No wage increase until 2025, no Medicare for all. Union jobs killed. The left get a consolation. prize though. If the men like dressing in women's clothes they can use the girls locker room.





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    Quote Originally Posted by PJL View Post
    There's nothing wrong with running high national debt , as long as a high % of that debt is used for infrastructure and nation building . The US is making a fundamental mistake with going into debt for the benefit of corporations and Wall St......nothing good can ever come of that . You people have been doing it since 2008 , and it went on steroids during 2020 . There will be a price to pay .
    How is the US doing that?

    The largest expenditures by far in the US are for social welfare programs like social security, Medicare, and Medicaid.
    ΜOΛΩΝ ΛΑΒΕ


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    Quote Originally Posted by donttread View Post
    The world survives other semi-skilled laborers being decently paid and there is no free market in labor. For example Biden intends to let millions of hard workers in to the country and then increase wages.
    Biden has already impacted the employment arena. He's bring in cheap labor while laying off thousands.
    Kerry says they can all learn new skills like programming and manufacturing in solar power.............or take the measly money they offer through unemployment.
    "BUILD COMPUTERS!"
    "LEARN PROGRAMMING"
    "BUILD SLOAR PANELS!"
    Oh, fer cryin' out loud!!! They take your job, too bad.......then tell you to learn a new skill.
    Kerry should spend a month or two working for me. Now, that's learning a new skill................... imagine, actually working for your dime
    For waltky: http://quakes.globalincidentmap.com/
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    Quote Originally Posted by stjames1_53 View Post
    Biden has already impacted the employment arena. He's bring in cheap labor while laying off thousands.
    Kerry says they can all learn new skills like programming and manufacturing in solar power.............or take the measly money they offer through unemployment.
    "BUILD COMPUTERS!"
    "LEARN PROGRAMMING"
    "BUILD SLOAR PANELS!"
    Oh, fer cryin' out loud!!! They take your job, too bad.......then tell you to learn a new skill.
    Kerry should spend a month or two working for me. Now, that's learning a new skill................... imagine, actually working for your dime
    Kerry says fossil fuel workers should build / maintain solar panels. Joe* will cave to Chi-na on trade and they will flood our market (again) which cheap solar panels to put our solar panel businesses out of business- again.
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