Trump Says He 'Needs God Even More' as President (Who can argue with that?)

[rexlunae]

let's say i'm just starting out (i'm not a full time manager, i'm a working manager) and my take-home is barely covering my living expenses - every bit of profit is going into maintaining the business

Then you're probably not a full-time manager. You probably also don't have three employees.

if i cut my take-home, the business fails

You have three employees. You make money from them working while you play solitaire on your computer. Otherwise, why did you hire them? You're telling me you didn't build in any margin?

how much of a price increase can i expect my customers to bear?

Impossible to say. You'll have to experiment.

 

[ok doser]

ok, looks like neither of you are actually interested in discussing this

i'll wait for a grownup to join the discussion :wave2:

 

[quip]

ok, looks like neither of you are actually interested in discussing this

i'll wait for a grownup to join the discussion :wave2:

opcorn:

 

[glassjester]

ok, looks like neither of you are actually interested in discussing this

i'll wait for a grownup to join the discussion :wave2:

What if those other two employees (the ones you had to lay off) come back and beg for their jobs back? They say they need the money, they'd be happy to work for ten dollars an hour. You'd be happy to pay them ten dollars an hour.

But the government says no.

The government just made it illegal to get paid 10 bucks an hour, even if you want to.

Why should the government have the right to do that?

 

[glassjester]

Should the government set a minimum price on everything someone sells in a store?
If not, then why should they set a minimum price at which I may sell my labor?

 

[quip]

Should the government set a minimum price on everything someone sells in a store?
If not, then why should they set a minimum price at which I may sell my labor?

Both are reflective upon profit. As such, wages tend to stagnate, prices average out.

 

[glassjester]

Both are reflective upon profit. As such, wages tend to stagnate, prices average out.

So raising minimum wage raises every other (non-minimum) wage, too?

 

[quip]

So raising minimum wage raises every other (non-minimum) wage, too?

That's what the right likes to spin.

I'm not sure if that's actually the case.

 

[ok doser]

So raising minimum wage raises every other (non-minimum) wage, too?

in my example it put two thirds of the work force on welfare

 

[glassjester]

That's what the right likes to spin.

I'm not sure if that's actually the case.

Yes, it's probably not the case.

So then raising minimum wage would not solve the problem of stagnating wages.

 

[glassjester]

in my example it put two thirds of the work force on welfare

Yes, and the government wouldn't let two thirds of the employees sell their labor for 10 dollars an hour, even if they wanted to.

That would seem to be the biggest problem with the situation.

 

[rexlunae]

ok, looks like neither of you are actually interested in discussing this

i'll wait for a grownup to join the discussion :wave2:

You're setting up a marginal and improbable business as your example, overstated the impact on the cost, and basing policy on that example alone. You know what matters a lot more? The workers in fast food and retail trying to scrape by on starvation wages. There are a lot more of them than your hypothetical shoestring hobby lawn-mowing business.

 

[ok doser]

.... fast food and retail trying to scrape by on starvation wages.

stopped at walmart and mcdonalds today

didn't see a single starving employee - in fact, most of them were closer to being obese

 

[rexlunae]

stopped at walmart and mcdonalds today

didn't see a single starving employee - in fact, most of them were closer to being obese

You asked them about their earnings?

 

[ok doser]

nope, just noted that none of them were starving

 

[glassjester]

You asked them about their earnings?

It is reasonable to assume that starvation would be a visible condition.

 

[ok doser]

It is reasonable to assume that starvation would be a visible condition.

that would be incompatible with obesity

 

[quip]

Yes, it's probably not the case.

So then raising minimum wage would not solve the problem of stagnating wages.

Seems counter-initiative. Why do you say that?

 

[rexlunae]

nope, just noted that none of them were starving

It is reasonable to assume that starvation would be a visible condition.

Obesity is a disease of poverty.

 

[The Berean]

:baby:

Work harder...on volume. Do more work with little or nothing to show for it...then wake up and do it again, and again.

Pick yourself up by your boot-straps.

What are you a lazy, whiny liberal?!

:rotfl:

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