LOL at the Fast Food Strike

yeezus said:
I'm only a dick to those who severely lack common sense. Again, Ron would not like someone like you attached to his name.
No one is debating the fact that a burger flipper is an unskilled job. If your question was valid and had a point, it would be worth answering. Honestly, it's just stupid. The burger flipper would gross over 100K/year. Do you need me to explain why a skilled, scholastically trained person should earn more than a mcdonald's employee? Your silly example has no point, or not one that you've revealed. It's just stupid. That's it.
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I'll ask again… What are the negatives, using economic logic, to the minimum wage being $50/hr.

If you think it's a bad idea (it is), tell me why
 
yeezus said:
Would you McDonald's close down because minimum wage was raised?
The company would still need its employees. It's not like it currently has a bunch of extra people employed just for fun. They work with basically the minimum needed as it is.
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No they wouldn't close. But I'm certain they wouldn't take the hit to their bottom line… Either the employees or the consumers would.

Now, the mom and pop stores? Yeah, they would close.
 
yeezus said:
Soooo they pay all the taxes? You don't pay any taxes? Or are you considered "rich" compared to those in poverty?
When millionaires are paying 15-20% of their income on taxes while middle-class people are paying 30%+, there's a problem.
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Yes, factually they do. I probably fall in the top 40% in this country.

You can deny the facts all you want, but they are there. On a net dollar basis, the top 40% pay more than 100% of all taxes. How high do you want that number to be? Seriously, give me a number. I bet you won't
 
yeezus said:
If more rich people would have the mindset Mr. Rosen had, a lot of problems could be fixed. Shame most of them just look for ways to put more money in their pockets, as if they need it the most.
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"Rich people are the devil"

we get it. Let's ignore that they pay for all of the ridiculous stupid spending in this country that pays for all the social welfare. Let's ignore that they provide all of the jobs in this country. Let's ignore that they do all of the investing in this country. Let's ignore that they provide over 90% of charity donations in this country… They are the devil! You're right.
 
sturg33 said:
Just so my question is clear, can someone tell me, using economic logic, why a $50/hr minimum wage is a bad idea?

*Not looking for "dumb example" or "doesn't make sense"

Just a simple explanation on why $50 an hour would be a poor economic decision
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well, first that is way past inflation

Australia seems to be doing just fine with their 19 dollar minimum wage (which would be very close to what keeping up with inflation would be if done here)

when trying to talk about something and you use this as an example and mike trout in the other tread

it is laughable to take you serious on these topics
 
You're still not answering. There are tons of people who make "way past inflation." My question is, what would the negatives of paying min wage workers $50/hr?
 
sturg33 said:
I'll ask again… What are the negatives, using economic logic, to the minimum wage being $50/hr.

If you think it's a bad idea (it is), tell me why
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Jumping it that high all of a sudden would probably cause extreme inflation and seriously damage the economy. However, having it track inflation would likely not do this.

sturg33 said:
Yes, factually they do. I probably fall in the top 40% in this country.

You can deny the facts all you want, but they are there. On a net dollar basis, the top 40% pay more than 100% of all taxes.
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"All taxes"? No they don't. Try and keep your zeal in your pants; you are getting overexcited.
 
Metaphysicist said:
Jumping it that high all of a sudden would probably cause extreme inflation and seriously damage the economy. However, having it track inflation would likely not do this.

"All taxes"? No they don't. Try and keep your zeal in your pants; you are getting overexcited.
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Thank you for finally answering... But you don't think there would be an employment problem too?
 
There would be some sort of adjustment period, I'm sure. But in the long term, no, I do not think having a minimum wage that tracks inflation would cause much of an unemployment problem.
 
I'm just waiting for someone to just step up and say $50/hr is bad idea because businesses would be unwilling to pay those wages.

But nobody seems to want admit such a simple fact.
 
sturg33 said:
I'm just waiting for someone to just step up and say $50/hr is bad idea because businesses would be unwilling to pay those wages.

But nobody seems to want admit such a simple fact.
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yeah

except everyone that said your scenario was stupid
 
To be clear, I've asked an incredibly simple question probably 7 times now... Onlyy one half answer from Meta... but he was answering a different question
 
weso1 said:
I would support a lower minimum wage for those who are less than 18. Thoughts on that?
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i might could get behind this

but i am sure there are some 16 and 17 year olds out there working to support their siblings etc
 
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