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Old 01-28-2014, 09:50 AM  
Msmith Msmith is offline
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Minimum wage will go up to $10.10 according to the Prez

It is only for new federal government contracts for services, like janitors and construction workers. What happens to the $15 minimum wage the fast food workers want?

Link: http://news.yahoo.com/obama-orders-m...010928340.html
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Old 02-12-2014, 01:33 PM   #61
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Just hours after hosting an expensive and elaborate gala dinner at the White House Obama pretends he cares about the working class and puts on his dictator cap.

Obama to sign order on federal minimum wage hike Wednesday

President Barack Obama will sign an executive order on Wednesday to raise the minimum wage for federal contract workers to $10.10 an hour starting next year, the White House said.

Obama announced during his State of the Union address last month that he intended to take executive action to raise wages for federal contract workers, but the White House had not said when he would do so.

The order will affect workers starting on January 1, 2015, and applies to new contracts and replacements for expiring contracts.

The executive order the president will sign today will benefit hundreds of thousands of people," the White House said in a statement.

"It will also improve the value that taxpayers are getting from the federal government's investment. Studies show that boosting low wages will reduce turnover and absenteeism, while also boosting morale and improving the incentives for workers, leading to higher productivity overall."

http://www.chicagotribune.com/news/p...,4795690.story

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Old 02-12-2014, 01:36 PM   #62
Iowanian Iowanian is offline
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I find the like of foresight by proponents of min wage increases astounding.


Do they not realize that pretty much every person will expect the same percentage increase in salary?

Everyone currently making $10 is going to expect an increase because they are not currently min wage workers. I guarantee the unions will use it as a negotiating tool. There will likely be a chain reaction that has a larger affect economically than anticipated resulting in min wage workers being exactly where they are now, only paying inflated prices on goods and services to pay the increase wages.
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Old 02-12-2014, 01:38 PM   #63
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Quote:
Originally Posted by Iowanian View Post
I find the like of foresight by proponents of min wage increases astounding.


Do they not realize that pretty much every person will expect the same percentage increase in salary?

Everyone currently making $10 is going to expect an increase because they are not currently min wage workers. I guarantee the unions will use it as a negotiating tool. There will likely be a chain reaction that has a larger affect economically than anticipated resulting in min wage workers being exactly where they are now, only paying inflated prices on goods and services to pay the increase wages.
I agree with everything you just said. All it does is raise prices.

The market needs to sort it out.
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Old 02-12-2014, 01:52 PM   #64
Nirvana58 Nirvana58 is offline
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Quote:
Originally Posted by Iowanian View Post
I find the like of foresight by proponents of min wage increases astounding.


Do they not realize that pretty much every person will expect the same percentage increase in salary?

Everyone currently making $10 is going to expect an increase because they are not currently min wage workers. I guarantee the unions will use it as a negotiating tool. There will likely be a chain reaction that has a larger affect economically than anticipated resulting in min wage workers being exactly where they are now, only paying inflated prices on goods and services to pay the increase wages.
Exactly... If they raised minimum wage first thing I am doing is asking for a raise. Same as about every other American that makes more than minimum wage.
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Old 02-12-2014, 01:55 PM   #65
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The POTUS might have a better understanding of this if he'd ever held a real, legit job or been as much a shift manager of a company, let a lone a business owner.
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Old 02-12-2014, 02:16 PM   #66
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So he just guaranteed that the cost of all government contracts will cost us more.
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Old 02-12-2014, 02:21 PM   #67
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Quote:
Originally Posted by Iowanian View Post
I find the like of foresight by proponents of min wage increases astounding.


Do they not realize that pretty much every person will expect the same percentage increase in salary?

Everyone currently making $10 is going to expect an increase because they are not currently min wage workers. I guarantee the unions will use it as a negotiating tool. There will likely be a chain reaction that has a larger affect economically than anticipated resulting in min wage workers being exactly where they are now, only paying inflated prices on goods and services to pay the increase wages.
Precisely.
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Old 02-12-2014, 05:54 PM   #68
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Quote:
Originally Posted by Iowanian View Post
I find the like of foresight by proponents of min wage increases astounding.


Do they not realize that pretty much every person will expect the same percentage increase in salary?

Everyone currently making $10 is going to expect an increase because they are not currently min wage workers. I guarantee the unions will use it as a negotiating tool. There will likely be a chain reaction that has a larger affect economically than anticipated resulting in min wage workers being exactly where they are now, only paying inflated prices on goods and services to pay the increase wages.
Yes. That's the point.

Your wages have been stagnated because the bottom tier wages have been stagnated and actually declined.

If the minimum wage was something you could actually live on without government support, more people would be willing to work those jobs, taking demand off middle class jobs. Less demand for your job helps you get more money.

It's amazing that you guys will actually cheer against something you admit would help you get better wages.

And prices do not increase beyond a markets tolerance. Prices represent what you are willing to pay, the buyer sets the price. Plus, most labor only accounts for 30 percent of operations. Even if 100 percent of a wage increase went into prices (which never happens), you won't see prices double.

In a truly open and free market place, the last thing you do is raise prices because your competitor can and will use that to take your customers.

The larger chain reaction is more money flowing through the system with an increased in demand for goods and services, which in turn creates jobs.
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Old 02-12-2014, 05:55 PM   #69
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If that carries over to the private sector I can pretty much forget ever getting a job with a BA then.
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Old 02-12-2014, 06:00 PM   #70
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Pretty much an awful idea.
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Old 02-12-2014, 06:01 PM   #71
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If that carries over to the private sector I can pretty much forget ever getting a job with a BA then.
Shit, I knew guys with Masters that were selling shoes.
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Old 02-12-2014, 06:02 PM   #72
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Say goodbye to eating out, for starters. Or at the very least, eating out only a third as much of the time as you do now.
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Old 02-12-2014, 06:08 PM   #73
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Say goodbye to eating out, for starters. Or at the very least, eating out only a third as much of the time as you do now.
You honestly think McDonald's would knowingly raise prices and attract less customers?

What do you think will earn them more money in the long run?

They raise prices past what you are willing to accept, having a person like you eat out a third less....

or

They pay for the wage increase through various different measures - less total profit, expected increase productivity, lower employee turnover, so less training costs, ect -- attempting to keep prices stable in order to continue to bring in business?
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Old 02-12-2014, 06:21 PM   #74
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Originally Posted by Loneiguana View Post
You honestly think McDonald's would knowingly raise prices and attract less customers?

What do you think will earn them more money in the long run?

They raise prices past what you are willing to accept, having a person like you eat out a third less....

or

They pay for the wage increase through various different measures - less total profit, expected increase productivity, lower employee turnover, so less training costs, ect -- attempting to keep prices stable in order to continue to bring in business?
You could be right, for anything is possible, but I would bet that we will all see higher costs across the board with food, much less with just dining out. Businesses aren't in business to aim for "less total profit". They'll get theirs.
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Old 02-12-2014, 06:33 PM   #75
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Exactly... If they raised minimum wage first thing I am doing is asking for a raise. Same as about every other American that makes more than minimum wage.
You shouldn't ever ask for a raise. Then other people will want raises and the prices of everything will go up.

And don't accept a raise if one is given to you. That just increases your employer's expenses which causes price increases...chain reaction...you're ****ing everyone over and the economy will collapse. You want that on your head?

Plus, accepting the raise means your income goes up and your taxes increase. That can't be good.
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