Welcome to FinHeaven Fans Forums! We're glad to have you here. Please feel free to browse the forum. We'd like to invite you to join our community; doing so will enable you to view additional forums and post with our other members.



VIP Members don't see these ads. Join VIP Now
Page 4 of 11 FirstFirst 123456789 ... LastLast
Results 31 to 40 of 106

Thread: Dems want 10 dollar/hour minimum wage.....

  1. -31
    Tetragrammaton's Avatar
    Hall Of Famer

    Status:
    Offline
    WPA:
    Join date:
    Apr 2006
    Posts:
    9,653
    vCash:
    2976
    Thanks / No Thanks
    Quote Originally Posted by Dolphins9954 View Post
    Rasing min wage to 10 dollars sounds great in theory. But places like Mcdonalds and Taco Bell that employ the most people on min wage will hire less workers. If anything it will increase unemployment.
    Why would they hire less workers? They still need workers to do tasks. Those places run as minimally as they can already.
    Quote Quote  

  2. -32
    Dolphins9954's Avatar
    Pro Bowler

    Status:
    Offline
    WPA:
    Join date:
    Apr 2005
    Posts:
    10,148
    vCash:
    7575
    Thanks / No Thanks
    Quote Originally Posted by Tetragrammaton View Post
    Why would they hire less workers? They still need workers to do tasks. Those places run as minimally as they can already.
    Places like Mcdonalds usually hire teens and pay them around 7 bucks an hour. If you raised it to 10 then they will more than likely hire less people and give the one's they have more work to do.





    "Politics is the Art of Looking for Trouble, Finding it Everywhere, Diagnosing it Incorrectly, and Applying the Wrong Remedies"
    Quote Quote  

  3. -33
    JTC111's Avatar
    Lookin' for Lee Ho Fooks

    Status:
    Offline
    WPA:
    Join date:
    Jul 2012
    Posts:
    2,938
    vCash:
    22281
    Loc:
    Kings Park, NY
    Thanks / No Thanks
    Quote Originally Posted by Dolphins9954 View Post
    Places like Mcdonalds usually hire teens and pay them around 7 bucks an hour. If you raised it to 10 then they will more than likely hire less people and give the one's they have more work to do.
    I know that makes sense in your head, but it's never actually been the reality. Every time the issue of raising the minimum wage comes up the rightwingers make the same claim: it will lead to a loss of jobs. The problem is that if you walk it past the first step that seems to make sense, it clearly doesn't. And here's why...

    Businesses don't hire or fire based upon what the minimum wage is. They hire based upon a need for labor. Let's take your McDonald's example and go with that. Let's say the McDonalds in Anytown, USA currently has 25 employees. Why did the manager of that store settle on the number 25? Why not 24 or 26. The manager's primary concerns in determining staffing needs are:
    One, having enough workers to complete all necessary tasks completed.
    Two, having enough workers to provide a level of customer service that provides him with a happy customer base who will frequent his establishment on a regular basis.
    He has 25 employees because that's what he's determined it takes to accomplish those two goals.

    So now along comes a minimum wage increase. According to you, the manager would now lay off workers. But in doing so, he's also going to have to accept that needed work will go undone and that his customer base will receive a less satisfactory experience than that to which they've been accustomed. You say he'll simply require that the workers do more work. This assumes that his workers have extra time during their working hours to accomplish extra work; but they don't. If they did, they'd be working for a poor manager who allows his employees to hang around doing nothing part of the time. No, the only way you can get the employees to do "more work" is to have them spend less time doing the jobs they already have to do.

    So where can he find that extra time? Food has to be cooked a certain amount of time, so we can't find it there. He can reduce the number of people attending cash registers but the result of that would longer lines and negative impact upon the dining experience of his customers. Plus, he'd likely lose the customers who are unwilling to wait in long lines. Customers lost are hard to win back, so that isn't an attractive option. He could decrease the amount of time he allowed his staff to perform cleaning chores, but the result of that would be a dirtier, less hygienic dining experience leading to a loss of customers.

    If the manager was running his store efficiently prior to the minimum wage increase, he can't just give the workers more work to do. To cover a minimum wage increase of $3 an hour for $25 employees, assuming they're all working 40 hour weeks, would require additional revenues of $3000 per week. Raise the price of shakes, sodas, and fries by $0.10 and he's probably right there with very little chance that such a modest increase would impact his customer base.

    Further, studies have been done on the issue and minimum wage increases have been shown to have very little impact at all in the way you fear. Of course, that doesn't stop outlets like Faux News from stating the exact opposite of what is true. But that shouldn't surprise anyone.
    Quote Quote  

  4. -34
    Dolphins9954's Avatar
    Pro Bowler

    Status:
    Offline
    WPA:
    Join date:
    Apr 2005
    Posts:
    10,148
    vCash:
    7575
    Thanks / No Thanks
    Quote Originally Posted by JTC111 View Post
    I know that makes sense in your head, but it's never actually been the reality. Every time the issue of raising the minimum wage comes up the rightwingers make the same claim: it will lead to a loss of jobs. The problem is that if you walk it past the first step that seems to make sense, it clearly doesn't. And here's why...

    Businesses don't hire or fire based upon what the minimum wage is. They hire based upon a need for labor. Let's take your McDonald's example and go with that. Let's say the McDonalds in Anytown, USA currently has 25 employees. Why did the manager of that store settle on the number 25? Why not 24 or 26. The manager's primary concerns in determining staffing needs are:
    One, having enough workers to complete all necessary tasks completed.
    Two, having enough workers to provide a level of customer service that provides him with a happy customer base who will frequent his establishment on a regular basis.
    He has 25 employees because that's what he's determined it takes to accomplish those two goals.

    So now along comes a minimum wage increase. According to you, the manager would now lay off workers. But in doing so, he's also going to have to accept that needed work will go undone and that his customer base will receive a less satisfactory experience than that to which they've been accustomed. You say he'll simply require that the workers do more work. This assumes that his workers have extra time during their working hours to accomplish extra work; but they don't. If they did, they'd be working for a poor manager who allows his employees to hang around doing nothing part of the time. No, the only way you can get the employees to do "more work" is to have them spend less time doing the jobs they already have to do.

    So where can he find that extra time? Food has to be cooked a certain amount of time, so we can't find it there. He can reduce the number of people attending cash registers but the result of that would longer lines and negative impact upon the dining experience of his customers. Plus, he'd likely lose the customers who are unwilling to wait in long lines. Customers lost are hard to win back, so that isn't an attractive option. He could decrease the amount of time he allowed his staff to perform cleaning chores, but the result of that would be a dirtier, less hygienic dining experience leading to a loss of customers.

    If the manager was running his store efficiently prior to the minimum wage increase, he can't just give the workers more work to do. To cover a minimum wage increase of $3 an hour for $25 employees, assuming they're all working 40 hour weeks, would require additional revenues of $3000 per week. Raise the price of shakes, sodas, and fries by $0.10 and he's probably right there with very little chance that such a modest increase would impact his customer base.

    Further, studies have been done on the issue and minimum wage increases have been shown to have very little impact at all in the way you fear. Of course, that doesn't stop outlets like Faux News from stating the exact opposite of what is true. But that shouldn't surprise anyone.

    Bottom line is money. Mcdonald's won't take the hit for raising Min Wage. They will cut back on hiring and raise prices to cover the increase. Places like that have such a high turnover rate they really don't give a crap about giving their workers more work to do. I don't know about you but places like this aren't exactly the greatest when it comes to customer service.
    Quote Quote  

  5. -35
    Tetragrammaton's Avatar
    Hall Of Famer

    Status:
    Offline
    WPA:
    Join date:
    Apr 2006
    Posts:
    9,653
    vCash:
    2976
    Thanks / No Thanks
    Quote Originally Posted by Dolphins9954 View Post
    Places like Mcdonalds usually hire teens and pay them around 7 bucks an hour. If you raised it to 10 then they will more than likely hire less people and give the one's they have more work to do.
    McDonald's doesn't give out jobs as welfare. It hires as many employees as it needs to cover its operation. If they could hire less now, they would.
    Quote Quote  

  6. -36
    Dolphins9954's Avatar
    Pro Bowler

    Status:
    Offline
    WPA:
    Join date:
    Apr 2005
    Posts:
    10,148
    vCash:
    7575
    Thanks / No Thanks
    Quote Originally Posted by Tetragrammaton View Post
    McDonald's doesn't give out jobs as welfare. It hires as many employees as it needs to cover its operation. If they could hire less now, they would.
    Then why stop at 10???

    Let's do 15 or 20.
    Quote Quote  

  7. -37
    rob19's Avatar
    Soul Rebel

    Status:
    Offline
    WPA:
    Join date:
    Mar 2006
    Posts:
    7,478
    vCash:
    9217
    Loc:
    Georgia
    Thanks / No Thanks
    1972 Dolphins Logo
    Quote Originally Posted by Dolphins9954 View Post
    Then why stop at 10???

    Let's do 15 or 20.
    or a gajillion, or some other irrational number.

    McDonalds won't feel a 2$ an hour raise. They'll raise the price of fries 10c and keep on rolling. These mega-corporations are not the one's you need to be worried about.
    Quote Quote  

  8. -38
    Tetragrammaton's Avatar
    Hall Of Famer

    Status:
    Offline
    WPA:
    Join date:
    Apr 2006
    Posts:
    9,653
    vCash:
    2976
    Thanks / No Thanks
    Quote Originally Posted by Dolphins9954 View Post
    Then why stop at 10???

    Let's do 15 or 20.
    You are sounding like a corporatist.
    Quote Quote  

  9. -39
    Dolphins9954's Avatar
    Pro Bowler

    Status:
    Offline
    WPA:
    Join date:
    Apr 2005
    Posts:
    10,148
    vCash:
    7575
    Thanks / No Thanks
    Quote Originally Posted by Tetragrammaton View Post
    You are sounding like a corporatist.
    No a corporatist will mandate that everyone has to buy Mcdonalds for food. Even you know that too high of a min wage will have disastrous effects. 10 dollars an hour min isn't so bad in my eyes. But to think that it won't have any negative effects is make-believe.

    ---------- Post added at 05:37 PM ---------- Previous post was at 05:35 PM ----------

    Quote Originally Posted by rob19 View Post
    or a gajillion, or some other irrational number.

    McDonalds won't feel a 2$ an hour raise. They'll raise the price of fries 10c and keep on rolling. These mega-corporations are not the one's you need to be worried about.
    It would be more than 10 cents along with other things. The one's that it will hurt the most will be local businesses and mom and pop stores.
    Quote Quote  

  10. -40
    JTC111's Avatar
    Lookin' for Lee Ho Fooks

    Status:
    Offline
    WPA:
    Join date:
    Jul 2012
    Posts:
    2,938
    vCash:
    22281
    Loc:
    Kings Park, NY
    Thanks / No Thanks
    Quote Originally Posted by Dolphins9954 View Post
    No a corporatist will mandate that everyone has to buy Mcdonalds for food.
    You'd better check that definition.
    Quote Quote  

Similar Threads

  1. Minimum Wage...
    By TruePoizon in forum Political | War Forum
    Replies: 21
    Last Post: 09-29-2011, 03:06 PM
  2. Minimum Wage Rises 70 Cents
    By BAMAPHIN 22 in forum Political | War Forum
    Replies: 13
    Last Post: 07-28-2008, 09:42 PM
  3. Democrats to propose new minimum wage increase to $9.50 an hour
    By Eshlemon in forum Political | War Forum
    Replies: 13
    Last Post: 07-28-2007, 11:17 AM
  4. Bid to increase minimum wage nixed
    By BAMAPHIN 22 in forum Political | War Forum
    Replies: 136
    Last Post: 06-25-2006, 11:56 PM
  5. States Aim to Raise Minimum Wage
    By BAMAPHIN 22 in forum Political | War Forum
    Replies: 6
    Last Post: 05-10-2006, 01:56 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •