The Conservative Cave
Current Events => Economics => Topic started by: Chris_ on December 02, 2013, 11:39:37 AM
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Obamacare and a Minimum Wage Hike Pricing Many Unskilled Workers Out of Their Jobs
The government has already effectively raised the minimum wage above $10 per hour—without benefitting workers. President Obama’s health care law requires employers to offer full-time employees health benefits that meet certain “minimum standards†criteria. Otherwise, they pay a penalty. In 2015, this mandate will raise the minimum productivity necessary to hold a full-time job to $10.30 per hour. Employers will lose money if they hire employees who produce less than this amount.
The President now proposes raising the national minimum wage to $10.10 per hour. Coupled with the employer penalty and existing taxes, this would raise the minimum cost of hiring a full-time worker to $12.71 per hour. Employers would respond by eliminating jobs and cutting workers to part-time status, making it significantly more difficult for unskilled workers to get ahead.
These costs are on top of other government mandates. Businesses must also pay the minimum wage, the employer share of payroll taxes, and unemployment insurance (UI) taxes. Normally, businesses defray these costs by reducing workers’ wages by an offsetting amount. However, employers cannot reduce the pay of minimum-wage employees, so they must pay these payroll costs themselves or forgo hiring.
Heritage (http://www.heritage.org/research/reports/2013/11/impact-of-obamacare-and-minimum-wage-hike-on-workers-and-jobs)
ObamaCare... the gift that keeps on giving.
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Law, Unintended Consequenses of, unit of issue, 1 ea.
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I understand there is a robotic assembly line that can crank out perfect cheeseburgers, complete with the correct ingredients. You certainly don't see that in the wild as things stand now.
Amazon already has robots that fill out warehouse pick lists.
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Normally, businesses defray these costs by reducing workers’ wages by an offsetting amount.
:???:
Unless I'm reading this wrong...in all my years of accounting, including doing payroll, I have never seen even one instance of lowering wages by any company.
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Law, Unintended Consequenses of, unit of issue, 1 ea.
High speed, OD green, with coupler !
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Wow, nobody could have seen this coming! Nobody in the Democrat Party anyway.
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Wow, nobody could have seen this coming! Nobody in the Democrat Party anyway.
Oh they saw it, this is a feature not a bug. They get to be the heroes by promising more food stamps and unemployment checks. Basically they are keeping their party in business by creating more dependence.
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Many of the employees at fast food joints are not worth 5 bucks an hour much less 10. Very seldom go to these dives anyway. In my area, this stupidity will hurt sprockets the most.
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Oh they saw it, this is a feature not a bug. They get to be the heroes by promising more food stamps and unemployment checks. Basically they are keeping their party in business by creating more dependence.
And vote buying. Wouldn't it be great if the low information voters felt no obligation for a quid pro quo with their purchased vote ?
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I understand there is a robotic assembly line that can crank out perfect cheeseburgers, complete with the correct ingredients.
pizza in 2 1/2 minutes without any human intervention...
(http://media.coreperformance.com/images/411*308/coming-to-america-pizza-vending-machine.jpg)
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That's the way I look at it--you want $15/hour?
Make my ****ing order CORRECTLY in a timely fashion without it looking like someone stomped on it for starters, then I'll think about it.
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That's the way I look at it--you want $15/hour?
Make my ****ing order CORRECTLY in a timely fashion without it looking like someone stomped on it for starters, then I'll think about it.
and have the courtesy to speak English to me and your coworkers while serving me
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and have the courtesy to speak English to me and your coworkers while serving me
That is so irritating, especially at the drive-through window. I can't understand what they say, even though they think they are speaking English.
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It's been stated a million times... but I will do it again.
Just please one DUmmie come over here and tell me why not just raise minimum wage to $100 per hour? Tell me why it can't be raised to that much.
Because it's pretty simple. If raised to that much a gallon of milk would cost about $50 bucks. That is just one example and consequence of raising the minimum wage, there is thousands of others. So we have established raising the minimum wage by some astronomical amount will cause a raise in prices right? Well the same thing happens when you raise it to $10.10 just on a smaller scale. I am not sure why this is so hard to understand.
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It's been stated a million times... but I will do it again.
Just please one DUmmie come over here and tell me why not just raise minimum wage to $100 per hour? Tell me why it can't be raised to that much.
Because it's pretty simple. If raised to that much a gallon of milk would cost about $50 bucks. That is just one example and consequence of raising the minimum wage, there is thousands of others. So we have established raising the minimum wage by some astronomical amount will cause a raise in prices right? Well the same thing happens when you raise it to $10.10 just on a smaller scale. I am not sure why this is so hard to understand.
It's a basic human right to set your own compensation, regardless of your ability to add value and profit to your employer.
In fact the less talented and experienced you are, the more important positions you should be hired to, and not be able to be fried from. Like the President.
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In fact the less talented and experienced you are, the more important positions you should be hired to, and not be able to be fried from. Like the President.
Hey now, most people screw up at their first real job.
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:rant: :rant: :rant: :rant: :rant: :rant: This is not the point. There are many low paying jobs that people have shed blood, sweat and tears, not too mention years of loyalty to get where they are today. If congress raises the minimum wage, a few questions apply:
Will my pay rate go up?
What about the elderly on Social Security, will they get more back?
What about the military and veterans, will they be compensated accordingly?
I know the answers to all three. a big FAT NO!!!
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:rant: :rant: :rant: :rant: :rant: :rant: This is not the point. There are many low paying jobs that people have shed blood, sweat and tears, not too mention years of loyalty to get where they are today. If congress raises the minimum wage, a few questions apply:
Will my pay rate go up?
What about the elderly on Social Security, will they get more back?
What about the military and veterans, will they be compensated accordingly?
I know the answers to all three. a big FAT NO!!!
One of the reasons that unions support higher minimum wage is that it drives up the pay scales for everyone else.
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One of the reasons that unions support higher minimum wage is that it drives up the pay scales for everyone else.
Yes but will that affect companies or groups that are not unionized. If Unionized companies offer more than minimum wage as an incentive, will it affect the union dues?
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Yes but will that affect companies or groups that are not unionized. If Unionized companies offer more than minimum wage as an incentive, will it affect the union dues?
even non-union places see increased wages when the min. wage is increased, but those costs are passed on as price increases for the products sold. Inflation often starts after high wage increases.
My union dues amount to more than an hours wages each month. Besides the monthly dues, I also pay what they call a "working due" that is 2% of my hourly wage, (even on overtime).
Basically I pay the union over $110/month.
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What kind of leadership requires an increase in the minimum wage TWICE under the same President?
Recovery summer, my pale white ass.
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The average wage of a deployed soldier is less than minimum wage........but lefties think flipping burgers is worth $15.00 and hour?
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It's a basic human right to set your own compensation, regardless of your ability to add value and profit to your employer.
In fact the less talented and experienced you are, the more important positions you should be hired to, and not be able to be fried from. Like the President.
Boy, did I have a couple I would have liked to fry.
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Those who demand increases in the so-called minimum wage should not decry workers being replaced by technology or companies closing factories or relocating them abroad. The so-called minimum wage is what makes these changes financially attractive. The true minimum wage is the ZERO income of those, who after the so-called minimum wage is raised, cannot find employment at all.
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:rant: :rant: :rant: :rant: :rant: :rant: This is not the point. There are many low paying jobs that people have shed blood, sweat and tears, not too mention years of loyalty to get where they are today. If congress raises the minimum wage, a few questions apply:
Will my pay rate go up?
What about the elderly on Social Security, will they get more back?
What about the military and veterans, will they be compensated accordingly?
I know the answers to all three. a big FAT NO!!!
Of course it's a no and it's the same question I asked. If one is sitting on student loans at an entry level position somewhere for a few years, what does it mean for those people when they make the same as someone who worked at an unskilled position, with no such debt burden intended to make a living wage? As this states the lower income people will be priced out of those jobs when Mcdonalds and walmart opt for people just out of college who can also double in management positions thereby eliminating a whole tier of employees. These people will NOT be better off, they will just lose their jobs to people worth paying 15 bucks an hour too and more automation to boot. Simple as that.
I will add the only ones who would survive imo are people like you seahorse who actually bust ass to do a good job, but let's face it, the people who I saw on that line were not the ass busters, but the ass sitters who want something for nothing...they will be the ones priced out of positions as well as young people who have no experience at all. this is why I tell my daughter who is nearing 16 and never held a taxable job to state her skills from activities she has done to build a resume of work--ie when she's helped her dad in his business to market it to detail her marketing skills, when she's sold programs for football to highlight sales skills, etc. With how things are it seems the only way to make a poor teen trying to get their first job more marketable is to show them how to build a skills-based resume where they have no formal work experience.
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Those who demand increases in the so-called minimum wage should not decry workers being replaced by technology or companies closing factories or relocating them abroad. The so-called minimum wage is what makes these changes financially attractive. The true minimum wage is the ZERO income of those, who after the so-called minimum wage is raised, cannot find employment at all.
I just toured a factory today where about half the steps of the line process were run by robots.
The plant manager said in hushed tones that eventually he would like to see all the stations replaced with robots.
I hope they don't come up with a plant manager robot, for his sake.
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I just toured a factory today where about half the steps of the line process were run by robots.
The plant manager said in hushed tones that eventually he would like to see all the stations replaced with robots.
I hope they don't come up with a plant manager robot, for his sake.
Well we have a robot as President. Hail to the chips.
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Well we have a robot as President. Hail to the chips.
Sure have a lot of f.....d up parts in that robot. Tilt.