Rashida Tlaib: The federal minimum wage 'should be $20 an hour'.

[jude2]

The market, skill, education, training, work ethic, geography, etc. should determine wages, not the government. 

QFT.

[Moontrane]

Self check out is happening regardless of wages.

Someone has to design the u-scan stuff.
Someone has to build the u-scan stuff.
Someone has to sell the u-scan stuff.
Someone has to maintain the u-scan stuff.

Jobs, jobs, jobs.

[Princess L]

I'd like to see those financials per restaurant.  Businesses go down all the time.  

I remember hearing the whole city went to $15/hour a few years ago.  What kind of impact did it have I wonder.

Dozens upon dozens of businesses, especially restaurants went out of business or reduced their labor force.





https://www.forbes.com/sites/adammillsap/2018/09/28/how-higher-minimum-wages-impact-employment/2/#7be68c4853cb

[SOMEPARTS]

Someone has to design the u-scan stuff.
Someone has to build the u-scan stuff.
Someone has to sell the u-scan stuff.
Someone has to maintain the u-scan stuff.

Jobs, jobs, jobs.

They design and build them once and they run for years, and one glorified copier repairman in a mini van might update them a few times a year. So...just like the burger flipping machine = net loss of jobs.

Not saying that progress isn't okay, and I could write pages about why tech is a centralizing power that takes humans out of the equation ... but long story short we have A LOT of useless eaters already.

[Thin Lizzy]

They design and build them once and they run for years, and one glorified copier repairman in a mini van might update them a few times a year. So...just like the burger flipping machine = net loss of jobs.

Not saying that progress isn't okay, and I could write pages about why tech is a centralizing power that takes humans out of the equation ... but long story short we have A LOT of useless eaters already.

You’re right. That’s why the economy needs to be dynamic and you can’t  have over-regulation and high taxation. So that when all old industries become obsolete new ones can emerge. When the refrigerator became widely available, all the guys who delivered ice just didn’t starve. They found something else to do.

There really aren’t that many specialized jobs. With a little training, most people can do most things.


Ivanka is spot on:

Ivanka Trump
@IvankaTrump
States must end the practice of excessive licensure.  In 1950 less than 5% of occupations were licensed. 

Today it is closer to 30%. The Americans hurt the most by this overreaching regulatory regime are those living on the margins, including returning citizens

[Irongrip400]

I pay my skilled guys $25 an hour and labor starts at $12 hour. I use labor as entry level to train and gain knowledge of my industry and move them up to the 20-25 an hour. I’d hope that my guys weren’t just happy to stay at $12 an hour as a laborer. It’s not meant to be a permanent stop. I’d feel sorry for any of my guys making that and thinking it was going to sustain them for the rest of their lives, and that’s not even the US minimum wage. I guess my point is, the market couldn’t bare having everybody making $15 an hour for doing shit work that’s not meant to “live off of”. I only made minimum wage in high school. These folks fighting for the $15 an hour minimum wage are living in a dream world if they think everybody is entitled and worth that.

[Thin Lizzy]

I pay my skilled guys $25 an hour and labor starts at $12 hour. I use labor as entry level to train and gain knowledge of my industry and move them up to the 20-25 an hour. I’d hope that my guys weren’t just happy to stay at $12 an hour as a laborer. It’s not meant to be a permanent stop. I’d feel sorry for any of my guys making that and thinking it was going to sustain them for the rest of their lives, and that’s not even the US minimum wage. I guess my point is, the market couldn’t bare having everybody making $15 an hour for doing shit work that’s not meant to “live off of”. I only made minimum wage in high school. These folks fighting for the $15 an hour minimum wage are living in a dream world if they think everybody is entitled and worth that.

Most regulations are really about limiting competition. The people calling for this, like Liz Warren, in the next sentence call for stronger unions. That gives away the game as to who really wants it.

[TheGrinch]

People are focused on the WRONG end of the spectrum

Shouldn't be focused on minimum wage... don't even have a minimum wage and let the market set the price.

What you should be focused on is MAXIMUM wage.

There shouldn't be any minimum wage.

[Humble Narcissist]

Most regulations are really about limiting competition. The people calling for this, like Liz Warren, in the next sentence call for stronger unions. That gives away the game as to who really wants it.

Yes.

[Coach is Back!]

https://www.washingtonexaminer.com/news/rashida-tlaib-the-federal-minimum-wage-should-be-20-an-hour

"When we started it, it should have been $15," the Michigan Democrat said in a video posted by America Rising on Monday. "Now I think it should be $20 ... It should be $20 an hour. $18-20 an hour."

Tlaib said the higher minimum was because the cost of "a lot of things" has gone up."

Another math wizard

[kh300]

If you make minimum wage you probably work at a crappy store. Then you do your shopping at other crappy stores. But each crappy store had to raise their prices to pay for the higher wages. No wonder the $15 dollars didnt work. They raise it to 20 it still wont.

[OzmO]

People are focused on the WRONG end of the spectrum

Shouldn't be focused on minimum wage... don't even have a minimum wage and let the market set the price.

What you should be focused on is MAXIMUM wage.

There shouldn't be any minimum wage.

are you saying there should be a maximum wage?

[chaos]

I pay my skilled guys $25 an hour and labor starts at $12 hour. I use labor as entry level to train and gain knowledge of my industry and move them up to the 20-25 an hour. I’d hope that my guys weren’t just happy to stay at $12 an hour as a laborer. It’s not meant to be a permanent stop. I’d feel sorry for any of my guys making that and thinking it was going to sustain them for the rest of their lives, and that’s not even the US minimum wage. I guess my point is, the market couldn’t bare having everybody making $15 an hour for doing shit work that’s not meant to “live off of”. I only made minimum wage in high school. These folks fighting for the $15 an hour minimum wage are living in a dream world if they think everybody is entitled and worth that.

Cheap bastard, I start most guys at 15-16!

[TheGrinch]

are you saying there should be a maximum wage?

Nope... I'm saying 1950's tax rates worked and we need to go back to them.

[IroNat]

If you want to go back to 1950s tax rates you also have to go back to all the 1950 tax loopholes.

[loco]

I believe in leaving the past behind and moving forward.

However, while we are talking about going back, how about the USA go back to no income tax and heavenly taxing alcohol again instead as was the case before Prohibition?

"One of the stumbling blocks advocates of Prohibition faced before 1913 was that the federal government was heavily dependent on taxes on alcohol. The passage of the income tax constitutional amendment that year allowed government the luxury of banning alcohol without reducing tax revenue."
https://taxfoundation.org/how-taxes-enabled-alcohol-prohibition-and-also-led-its-repeal/

And while we're at it, how about legalizing marijuana and heavily taxing it too to allow the government the luxury of ending the income tax without reducing tax revenue.

[TheGrinch]

If you want to go back to 1950s tax rates you also have to go back to all the 1950 tax loopholes.

Yeah.. you're right.. those loopholes from 1950 would allow companies like Amazon today to pay no taxes...


Oh wait...... what?


MORE loopholes exist today

[SOMEPARTS]

Yeah.. you're right.. those loopholes from 1950 would allow companies like Amazon today to pay no taxes...


Oh wait...... what?


MORE loopholes exist today

Regardless of political persuasion it should be easy to agree that Amazon should pay taxes. As a tax free company they are destroying everyone in small retail.

Hell, they don't even pay 10% which is self employment tax before they even start the regular earned income taxes for a sole proprietorship.

It's almost like they are to become the company store of a socialist country.

[Thin Lizzy]

The reason for Amazons’ low tax bill is that they lost money for many years.  Losses can be carried over and use to offset profits. They’re essentially an online supermarket and if you know anything about supermarkets they have a very low profit margin.


I just have a problem supporting anything that sucks more money out of the private sector and puts it in the hands of politicians and bureaucrats.

Look at the industries where government has a large footprint: education and healthcare. Both have out of control costs and relatively poor outcomes.

[OzmO]

Regardless of political persuasion it should be easy to agree that Amazon should pay taxes. As a tax free company they are destroying everyone in small retail.

Hell, they don't even pay 10% which is self employment tax before they even start the regular earned income taxes for a sole proprietorship.

It's almost like they are to become the company store of a socialist country.

I hope the market "corrects" itself.  I think/hope it will.  People still want to see and feel products before they buy. 

[OzmO]

The reason for Amazons’ low tax bill is that they lost money for many years.  Losses can be carried over and use to offset profits. They’re essentially an online supermarket and if you know anything about supermarkets they have a very low profit margin.


I just have a problem supporting anything that sucks more money out of the private sector and puts it in the hands of politicians and bureaucrats.

Look at the industries where government has a large footprint: education and healthcare. Both have out of control costs and relatively poor outcomes.

I read an interesting opinion on the sky rocketing costs of tuition.  It said that the high cost of tuition is direct result of how easy it is to get federally guaranteed student loans.  They compared it to buying cars.  If you can get a loan for a BMW (Ivy League school) real easy why would you ever buy a Chevy (state college) for half the cost.  So, Chevy just increases the cost of their cars so people can easily buy Chevys.

[Thin Lizzy]

I read an interesting opinion on the sky rocketing costs of tuition.  It said that the high cost of tuition is direct result of how easy it is to get federally guaranteed student loans.  They compared it to buying cars.  If you can get a loan for a BMW (Ivy League school) real easy why would you ever buy a Chevy (state college) for half the cost.  So, Chevy just increases the cost of their cars so people can easily buy Chevys.

It raises the price and devalues the degree.

With recent advances in online and distance-learning there should be a massive disruption in education as well as plummeting prices but there isn’t because of the heavy government involvement.

[OzmO]

It raises the price and devalues the degree.

With recent advances in online and distance-learning there should be a massive disruption in education as well as plummeting prices but there isn’t because of the heavy government involvement.

Do you agree about the student loans?  And are there other things you think they are doing that raises the price and devalues the degree?

[Thin Lizzy]

Do you agree about the student loans?  And are there other things you think they are doing that raises the price and devalues the degree?

Yes, giving out loans to everyone creates artificial demand which raises prices. That’s why you have so many people coming out of college with degrees in useless majors and end up working the counter in Starbucks.

Also, the debt accumulated in college keeps them from getting ahead in life, starting a family buying a house, saving for retirement.

Bottom line is that government interventions almost invariably have side effects that are worse than the disease.

[mazrim]

The reason for Amazons’ low tax bill is that they lost money for many years.  Losses can be carried over and use to offset profits. They’re essentially an online supermarket and if you know anything about supermarkets they have a very low profit margin.


I just have a problem supporting anything that sucks more money out of the private sector and puts it in the hands of politicians and bureaucrats.

Look at the industries where government has a large footprint: education and healthcare. Both have out of control costs and relatively poor outcomes.

Agree.