100k is laughably high for the analogy.... and intentionallys so, but the principle still applies. Why not $15.25? Or $19.... $30?? Who decided $15 was the right amount? How did they arrive at that #? And why? Or, is the promise of raising min wage a political appeal to that voting demographic that will initially hurt employers and eventually the consumers and the very people who's wage was raised?
1. The United States has 9.5 million people considered "working poor". We need to do something about that.
2. There is such thing is a "living wage". It can be calculated based on the cost of necessities, including rent, food, clothing utilities, etc.
3. Now prices will go up, but not as much as people fear, because the profit margin of large companies is sooooo high. Example: Apple Makes $407,000 profit Per Employee. (see forbes article "Apple Makes $407,000 Profit Per Employee, Walmart And Retail, $6,300"
Believe it or not, it would help the economy. Less social services, more consumers, more taxes paid.
1. We need to open the door for those 9.5M people. They have to want to walk through it.
2.You can punch numbers all you want but any "calculation" will be largly opinions and assumptions
3. Did you type that from your Iphone? Apple makes a Sh!tload of money because they have responsabilty to their shareholders to do so. They have created hundreds of thousands of jobs all over the world and you think they should give the shareholders money away because $15 seems fair to a bunch of people who are'nt writing any of their own checks?
Sounds like coveting to me.
You missed the point of #3, I'm not saying there is something wrong with apple. The point is, they could absorb the price hike... but you are welcome to read the article.
Also, there is no door open for those people. You think 9.5 million people are just lazy?
Everyone can't and shouldn't be doctors and lawyers. I assume we still want bus drivers and health aides and waitstaff and store clerks and airport workers. So we want their service, but when we don't pay them enough to live on we tell them it's because they don't deserve it.
No, you missed the point of # 3. If you're saying apple should pay a minimum of $15 / hr and they should absorb the expense, youre saying precisely that there is "something wrong with apple".
I am in the trades work, and other than probably Mike Rowe, you wont find a bigger advocate of blue collar trades work than me.
And i'm telling you with absolute certainty that if your intent is to put those 9.5M to work, raising the min wage will have a disapointing outcome for you. Job #s will dry up, not flourish.
The 9.5 million already work. That's why they are called working poor. They have full time jobs. Some of them have two or three jobs.
You seem really bent on calling me a hypocrite about apple. I don't own any apple products, but it's not for any ethical reason. Just read the article they don't bash apple or any of the companies.
More money doesn't fix it. The cost of living is too high. A home is a basic human need. Since homelessness is illegal, it's also the law. So someone with the income for a down payment or good credit can afford a house, which gives them tax breaks and increases their wealth to lenders and banks. So done with less money must rent, at the cost of the mortgage and then some. Paying a house payment every month to rent makes saving a down even harder. In the re tees life they will pay more for housing than the person who owns, who is renting and thus has two properties and could not only afford both but has now increased their wealth by having someone else pay their debt. The US is full of these "poor taxes" levied by the government and private entities. Fuck raising the wage. Eliminate poor tax. Charge legal fines and tickets as a percent of income so that rich and poor carry equal incentive to follow the law and equal burden to break it. What's a $500 ticket to Tom Cruise or Elan Musk?
So imagine a game that the better you did, the easier it got, and the harder you struggled the more difficult it got; until it was so cripplingly impossible you just rage quit or troll. That's our system. Instead of increasing the difficulty for those who do well, we make it easier to go to multi millionaire than it is to make your first million. The people who need the breaks don't get them. It stems from a time when not producing just meant you're lazy. Now money can work for you. Some of our hardest workers are the poorest while others can basically make thousands of dollars by just sitting on a couch. So you raise minimum wage and the bill is passed on to other consumers, making those who make $20 an hour worth less and having less buying power in their lives. Instead of making a large group of middle class people lose a large chunk of wealth so a larger group of low wage earners can get a non life changing sum, take it from the top. Less are impacted and more benefit.
Where on earth did you get the impression that making millions is easier than making anough to live on? You need to venture off your campus safe zone into the real world.
If there were a dial (a knob) that increased the difficalty of rich people getting richer, how high do you think you'd have to turn it up before it wasnt worth all the risk for people to build companies in the pursuit of wealth? How far would you have to turn it up before there was nobody left to pay your artificially inflated wages? Its simply a human nature response to risk vs reward. I get how you want everyone to live a comfortable life. I certainly do and i imagine most people agree. The problem is that it just wont work when you understand the big picture.
I work 3 jobs and still barely cover my bills. Yes raise the minimum wage, I want to afford luxuries - like putting my heating on when I'm cold and actually eating 3 meals a day
You raise min wage and they raise the cost of everything. No fucking point. Stop being the 45 year old manager at a fast food joint with 5 kids. Get an education, stop breeding.
2. There is such thing is a "living wage". It can be calculated based on the cost of necessities, including rent, food, clothing utilities, etc.
3. Now prices will go up, but not as much as people fear, because the profit margin of large companies is sooooo high. Example: Apple Makes $407,000 profit Per Employee. (see forbes article "Apple Makes $407,000 Profit Per Employee, Walmart And Retail, $6,300"
Believe it or not, it would help the economy. Less social services, more consumers, more taxes paid.
2.You can punch numbers all you want but any "calculation" will be largly opinions and assumptions
3. Did you type that from your Iphone? Apple makes a Sh!tload of money because they have responsabilty to their shareholders to do so. They have created hundreds of thousands of jobs all over the world and you think they should give the shareholders money away because $15 seems fair to a bunch of people who are'nt writing any of their own checks?
Sounds like coveting to me.
Also, there is no door open for those people. You think 9.5 million people are just lazy?
Everyone can't and shouldn't be doctors and lawyers. I assume we still want bus drivers and health aides and waitstaff and store clerks and airport workers. So we want their service, but when we don't pay them enough to live on we tell them it's because they don't deserve it.
I am in the trades work, and other than probably Mike Rowe, you wont find a bigger advocate of blue collar trades work than me.
And i'm telling you with absolute certainty that if your intent is to put those 9.5M to work, raising the min wage will have a disapointing outcome for you. Job #s will dry up, not flourish.
You seem really bent on calling me a hypocrite about apple. I don't own any apple products, but it's not for any ethical reason. Just read the article they don't bash apple or any of the companies.
If there were a dial (a knob) that increased the difficalty of rich people getting richer, how high do you think you'd have to turn it up before it wasnt worth all the risk for people to build companies in the pursuit of wealth? How far would you have to turn it up before there was nobody left to pay your artificially inflated wages? Its simply a human nature response to risk vs reward. I get how you want everyone to live a comfortable life. I certainly do and i imagine most people agree. The problem is that it just wont work when you understand the big picture.