LOL at the Fast Food Strike

[AerchAngel]

If minimum wage is increased so should everyone else wages. Then all the prices will increase, because the middle class owners would be the ones hurting and possibly drop to lower class as a result.

[sturg33]

So here's a video, where all these folks say they support a higher min wage... but when asked to contribute to that wage, they say absolutely no.

http://www.youtube.com/watch?v=LLr5oWfoWRY&list=TL_Q3JsRoblE50AYUe8fUWTXjxY9ZFUT34

[sturg33]

Then, peter Schiff got so much hate mail from the left, he posted another video:

http://www.youtube.com/watch?v=92GOPfbakWc#t=185

[zitothebrave]

If minimum wage is increased so should everyone else wages. Then all the prices will increase, because the middle class owners would be the ones hurting and possibly drop to lower class as a result.

I'm not a fan of massive Minimum wage hikes. I think a more creative tax system is what the country needs. Basically one where people can skirt by on stock options and pay lower taxes and you take that money and create middle class jobs. Hell yes the government is needed in times of economic strife to create jobs, as the market rebounds the people leave the government to the better paying private sector and it's all good. Unfortunately we have 2 extremes that are all too often dealt with with lifer government employees who want more money to do the same crappy job and no creation in the private sector only pocketting of profits. Basically everyone loses no matter what you try to do until we as consumers hold the rich accountable.

[FreemanFan]

What positive outcomes would you expect to see?

The market setting entry-level wages instead of them being arbitrarily set by bureaucrats in Washington. If wages sank to $3 an hour, it would be because people agreed to work for that. Employers require labor, so at some point they have to come to an agreement with employees on wages. Given that it is here to stay, I would not immediately raise the minimum wage, but I would adjust it about every 3-5 years based on inflation.

[The Chosen One]

Whats BS is that there should be enough money for that plus extentions. Liberty is sitting on more profit than ever. Its an absolute sham.

Took this from the Tanaka thread on the main board.

Interesting how when Liberty media is sitting on more profits than ever off our team, we want them to raise the payroll so we can be more competitive.

But when fastfood workers demand an overall wage increase when their mothership has raked in bigger profits than ever, we chastise them for being out of their minds.

[AerchAngel]

Took this from the Tanaka thread on the main board.

Interesting how when Liberty media is sitting on more profits than ever off our team, we want them to raise the payroll so we can be more competitive.

But when fastfood workers demand an overall wage increase when their mothership has raked in bigger profits than ever, we chastise them for being out of their minds.

Franchise fees aren't cheap. My friend in town owns three national chain restaurants and his living means are lower than mine. I asked in a round about way, you move out to where I am at. He said he can't afford it. I was like no way, but considering his belongings, where he lives, still driving a hoopty and working, he would get killed by a wage increase. He hires mainly college students and most of them been there awhile.

[Julio3000]

The market setting entry-level wages instead of them being arbitrarily set by bureaucrats in Washington. If wages sank to $3 an hour, it would be because people agreed to work for that. Employers require labor, so at some point they have to come to an agreement with employees on wages. Given that it is here to stay, I would not immediately raise the minimum wage, but I would adjust it about every 3-5 years based on inflation.

So, if those entry-level wages sank to (picking the number you suggested) $3/hr, what results would we see?

[yeezus]

Took this from the Tanaka thread on the main board.

Interesting how when Liberty media is sitting on more profits than ever off our team, we want them to raise the payroll so we can be more competitive.

But when fastfood workers demand an overall wage increase when their mothership has raked in bigger profits than ever, we chastise them for being out of their minds.

It should be treated more like stock in a company. Profits increasing? Good job, here's the reward. Instead, those in charge only reward themselves (taking their salaries from 15 mil to 20 mil) while continuing the same low rate for their minons.

[FreemanFan]

So, if those entry-level wages sank to (picking the number you suggested) $3/hr, what results would we see?

Deflation. Prices would have to drop to make the buying power of $3 then match about $8 now. Why would anyone accept such a drastic pay cut. Businesses need employees, so if they can't get them at $3 an hour, wages will go to a level where labor can be acquired.

[goldfly]

https://scontent-b-dfw.xx.fbcdn.net/hphotos-frc3/1491783_618238451577256_1652478150_n.jpg

[Tapate50]

That CEO makes $42 million a year? I need that job. It was probably easy to get to where he sits.

Which CEO is that?

[thethe]

Instead of the minimum wage worker helping themselves the collective has to help them. So sad....

[zitothebrave]

That CEO makes $42 million a year? I need that job.

Which CEO is that?

More than a handful do. Not salary of course but they're usually by pretty easy to attain bonuses and things of that nature.

[zitothebrave]

Instead of the minimum wage worker helping themselves the collective has to help them. So sad....

The collective has to help them. By not patronizing bad businesses.

[thethe]

More than a handful do. Not salary of course but they're usually by pretty easy to attain bonuses and things of that nature.

Its usually in the form of stock compensation so its the ultimate alignment of goals for the company and salary for the head employee.

[Tapate50]

Its usually in the form of stock compensation so its the ultimate alignment of goals for the company and salary for the head employee.

and it could very well go the other direction and they could lose.

[thethe]

The collective has to help them. By not patronizing bad businesses.

The collective doesn't HAVE to help anyone. Everyone is in control of their own future if they want to be aside from those that are sold into slavery.

[thethe]

and it could very well go the other direction and they could lose.

Absolutely, but typically these CEO's are individuals from teh top of their classes and understand the ever growing interrelated global economy. Their decisions are key to making a company profitable. I know I'm satisfied with the CEO's of the stocks I own.

[Tapate50]

More than a handful do. Not salary of course but they're usually by pretty easy to attain bonuses and things of that nature.

9 do.

[zitothebrave]

Its usually in the form of stock compensation so its the ultimate alignment of goals for the company and salary for the head employee.

Usually yes because people prefer it that way (taxes).

But for example, Larry Ellison received a total compensation of 96.2 Million, while his company's revenue fell 4%. Which means he has pretty easy goals to hit to be awarded his options. Some guys deserve high pay (Elon Musk taking Tesla from nothing to where it's at now is a great example) some don't. But for example the beloved CEO of Liberty Media and Liberty INteractive hit a combined compensation of 102.5 million dollars. you cannot say that he did that much to Liberty to justify that much compensation compared to his colleagues. Some CEOs have cushier jobs than others, it's not secret.

[zitothebrave]

9 do.

According to AFLCIO who gets their information from company reportings, there are 15 CEOs who made 40 million or more. As I said more than a handful, I just didn't care to count before.

[zitothebrave]

The collective doesn't HAVE to help anyone. Everyone is in control of their own future if they want to be aside from those that are sold into slavery.

Attitudes like that are why there is such a ridiculous wealth disparity in this country. A country with our GDP we shouldn't have so many struggling folk. And rewarding the wrong companies plays a big part of that.

[thethe]

Usually yes because people prefer it that way (taxes).

But for example, Larry Ellison received a total compensation of 96.2 Million, while his company's revenue fell 4%. Which means he has pretty easy goals to hit to be awarded his options. Some guys deserve high pay (Elon Musk taking Tesla from nothing to where it's at now is a great example) some don't. But for example the beloved CEO of Liberty Media and Liberty INteractive hit a combined compensation of 102.5 million dollars. you cannot say that he did that much to Liberty to justify that much compensation compared to his colleagues. Some CEOs have cushier jobs than others, it's not secret.

Where are you seeing Oracles revenues dropping?

[thethe]

Attitudes like that are why there is such a ridiculous wealth disparity in this country. A country with our GDP we shouldn't have so many struggling folk. And rewarding the wrong companies plays a big part of that.

Its flat out true and those that don't want work hard (for the most part) are the ones that don't believe it. You have said yourself that you could make more money then you do but you don't want to. Hey man, more power to you but its clear that you have the option like most others do.

[sturg33]

The country will collapse from within as soon as the takers outnumber the makers

The last two Presidents have instituted socialized medical programs... The next President will do the same... eventually, the nation of takers will not be able to sustain itself

[Tapate50]

Its flat out true and those that don't want work hard (for the most part) are the ones that don't believe it. You have said yourself that you could make more money then you do but you don't want to. Hey man, more power to you but its clear that you have the option like most others do.

:YDS:

HA!

[Tapate50]

According to AFLCIO who gets their information from company reportings, there are 15 CEOs who made 40 million or more. As I said more than a handful, I just didn't care to count before.

I was going off the 42 number above.

[jpx7]

Instead of the minimum wage worker helping themselves the collective has to help them. So sad....

Its flat out true and those that don't want work hard (for the most part) are the ones that don't believe it.

Speaking of patronizing ...

[zitothebrave]

Its flat out true and those that don't want work hard (for the most part) are the ones that don't believe it. You have said yourself that you could make more money then you do but you don't want to. Hey man, more power to you but its clear that you have the option like most others do.

Yeah but I have the luck, skill, whatever it may be to always have a job that earns around the median income. I could be a much higher wage earner if I stuck to car sales or went into industrial sales. But again, not everyone has that option because of skills or whatever.

[thethe]

Yeah but I have the luck, skill, whatever it may be to always have a job that earns around the median income. I could be a much higher wage earner if I stuck to car sales or went into industrial sales. But again, not everyone has that option because of skills or whatever.

You can't just dismiss your skill. You developed that over the course of your life from I'm sure many solid decisions. Sure, we all do stupid things but you still made a conscious decision to not be a deadbeat.