(April 30, 2014 at 7:05 pm)DeistPaladin Wrote: Let an MBA educate you on how business works.
MBA eh? Here’s where’d you would whine about fallacious appeals to authority.
The majority of my family members are business owners and understand how things work in the real world; I’ll take their word over yours.
Quote: If you lay off workers for any reason other than lack of demand for your products or services, you are cutting off your nose to spite your face. If you cut positions or reduce hours, your customer service will suffer and your production will be reduced. Your disgruntled customers will leave you and go do business with an owner what wasn't so dumb.
You mean that wasn’t so dumb?

This is just basic arithmetic. If I have $1000.00 per week to pay my employees and they are currently making 5 dollars per hour I can afford to keep five of them full time on staff. If people like you come in and tell me I now have to pay them 10 dollars per hour I can now only keep two of them working full time on staff. If you do not understand that then I think you need a refund on your degree.
Quote: On the other hand, if you raise prices, the business owner that didn't will steal all your business. You don't control prices. The market does by supply and demand. You can't just raise price because you want to make more money.
Nope, the other business owner will have to raise prices as well because you have told us both we have to pay our employees more. All you’re doing is reducing the buying power of the dollar. Again, very basic concepts; but this is why the left is so horrible at running even local economies.
Quote: That's why there's no correlation between a minimum wage increase and either inflation or unemployment.
Again, this is just factually incorrect. Let’s look at states that have a higher minimum wage than the national wage and where they rank in unemployment (1 being the lowest unemployment rate).
Washington- 28th
Oregon- 36th
California- 48th
Nevada- 50th
New York- 36th
Michigan- 44th
Now let’s look at states that do not have a state minimum wage higher than the federal wage.
South Dakota- 3rd
North Dakota- 1st
Texas- 17th
North Carolina- 28th
Utah- 6th
[Figures from the US Department of Labor’s Bureau of Labor Statistics]
Quote: And as long as I'm schooling you...
I think it’s rather embarrassing that this is the best you can do if you seriously have the education you claim to have; but when you’re defending a losing argument what can you really do? You can only argue that 2+2=5 for so long.
Quote: The only reason that businesses can get away with paying as little as they do is because the workers go on food stamps to stay alive. The government is subsidizing the labor costs of certain businesses. If we won't raise the minimum wage, we should at least bill all corporations who's [sic] employees are on food stamps so that they reimburse the tax payers for the cost of the food stamps plus administrative fees.
Or even better we could get rid of food stamps all together.
(April 30, 2014 at 7:26 pm)Ryantology (╯°◊°)╯︵ ══╬ Wrote: Yeah, you're just as full of shit as the last guy.
Well obviously looking at national rates is inappropriate when each state has their own minimum wage and unemployment rate. That being said you’d think that if you took the time to find that graph you’d actually take the time to look at it. The real minimum wage rate correlates much more closely to the overall unemployment rate than even I thought it would. Thanks for the support on that.
(May 1, 2014 at 1:25 pm)TaraJo Wrote: The opposite seems to happen, actually. Raise minimum wage and you increase demand. If, all of a sudden, I got $1 an hour raise, I'd immediately use that raise to get things like food, car repairs, video games, clothes and stuff like that. In turn, that increases the amount of business the stores who sell those things do.
That’s falsely assuming that that $40 a week would not exist if it was not going to you. The money still exists, and would most likely be going towards giving someone else a job. I can pay one employee $10 an hour or two employees $5 an hour, which do you think is better for reducing the unemployment rate?
Quote: I swear, the right side of politics is so focused on 'supply' that they've forgotten that demand is even a thing.
The left side has forgotten that government interference undermines the entire supply and demand system.
(May 1, 2014 at 1:44 pm)DeistPaladin Wrote: Surprise, surprise, it doesn't work that way. There is no magic way that an employee can suddenly increase their productivity by 25%.
This is where you’d whine about bare assertions. I am getting a kick out of using your own whining against you.
Quote: So, a number of possible things can happen as a result of your bone-headed decision to spitefully lay off an employee because of the government mandate:
1. Quality suffers.
2. Case delivery falls behind schedule.
3. Customer service suffers with fewer employees servicing the same number of customers.
4. Widget production suffers more mistakes and rework because of excess workload per employee.
I can also simply automate so that two workers can do the work of five; why pay a person a ridiculous wage when a machine can do it for much less? Or I just raise the price of my widgets so I can keep my five employees and still produce 100 a day. Surprise! Now everyone’s dollar loses its buying power and we are right back where we started. Now you on the left will point this out and cry that we need to raise minimum wage because cheeseburgers now cost 15 dollars and 15 dollars an hour is just not enough money to live on. Let the market determine prices and wages, keep your grubby little fingers out of it.
Quote: Bottom line: You begin losing customers and your business suffers. Meanwhile, your competition picks up your disgruntled customers and they grow.
Nope, this is a federal minimum wage and therefore my competition did the very same thing I did.
Quote: His/her competition that simply lives with less margin will make up for it in volume.
Depends on how large their market is, volume is not infinite.
Quote: Hope this helps.
It certainly did.

(May 1, 2014 at 2:34 pm)SteelCurtain Wrote: It amazes me that when 75% of the population supports a minimum wage increase, our representative legislators still vote along party lines rather that representing their districts. Same with 90% population support for the gun laws after Sandy Hook.
Where did these figures come from?
(May 1, 2014 at 3:08 pm)DeistPaladin Wrote: We need a constitutional amendment banning all forms of paid political advertisement.
Banning free speech now? You truly are a leftist aren’t you?