WalMart, Target, TJ Maxx raise min wage

[weso1]

whatever you want to believe

i don't think prices should be dirt cheap.

and again, to quote myself from earlier

but thanks for trying to state what my thoughts are on what i would do etc

So you think prices should be higher for basic goods? How does that help the people you're trying to help by raising min wage. I personally believe min wage should rise with inflation, but I think you're making contradictory statements, based on who you are trying to help.

 

[Krgrecw]

So, and correct me if I'm misunderstanding you, a CEO who paid his people what the market called for, for any given positions in his/her company, rather than getting them for as dirt cheap as possible, would not have a job as CEO for very long?[/QUOTE

In the example of a public company losing money yes. If the Ceo decided to pay people more per an hour how Would that stop the company from losing money? It would only make the company worse off. The board wouldn't allow that. Shareholders would call for his head.

 

[zitothebrave]

So, and correct me if I'm misunderstanding you, a CEO who paid his people what the market called for, for any given positions in his/her company, rather than getting them for as dirt cheap as possible, would not have a job as CEO for very long?[/QUOTE

In the example of a public company losing money yes. If the Ceo decided to pay people more per an hour how Would that stop the company from losing money? It would only make the company worse off. The board wouldn't allow that. Shareholders would call for his head.

While hardly the case in all situations. Often times increased pay leads to increased production.

 

[Oklahomahawk]

So, and correct me if I'm misunderstanding you, a CEO who paid his people what the market called for, for any given positions in his/her company, rather than getting them for as dirt cheap as possible, would not have a job as CEO for very long?[/QUOTE

In the example of a public company losing money yes. If the Ceo decided to pay people more per an hour how Would that stop the company from losing money? It would only make the company worse off. The board wouldn't allow that. Shareholders would call for his head.

I don't think that's how your statement started before, but perhaps I misunderstood. Along that same line of reasoning though, about how many CEOs can you name whose companies lost money? I know they always plead poverty but how often is that true and how often is it the flimsy veil they use to screw their people while they make trainloads of cash and other perks every year?

 

[goldfly]

So you think prices should be higher for basic goods? How does that help the people you're trying to help by raising min wage. I personally believe min wage should rise with inflation, but I think you're making contradictory statements, based on who you are trying to help.

define "basic goods"

i agree that wages should rise with inflation

 

[weso1]

define "basic goods"

i agree that wages should rise with inflation

Just the stuff everyone needs. Food, clothing, video games, etc.

 

[acesfull86]

So you think prices should be higher for basic goods? How does that help the people you're trying to help by raising min wage. I personally believe min wage should rise with inflation, but I think you're making contradictory statements, based on who you are trying to help.

I just read a new study that found increasing the national min wage produces essentially a value-added tax effect, and this tax is more regressive than a typical sales tax (with benefits being spread fairly evenly across the income distribution). The conclusion being that the min wage as an antipoverty measure is actually doing the opposite.

I know some don't want to consider that because the min wage has good intentions and they care more about intentions than results.

 

[goldfly]

I just read a new study that found increasing the national min wage produces essentially a value-added tax effect, and this tax is more regressive than a typical sales tax (with benefits being spread fairly evenly across the income distribution). The conclusion being that the min wage as an antipoverty measure is actually doing the opposite.

I know some don't want to consider that because the min wage has good intentions and they care more about intentions than results.

and yet somehow the rest of the developed western world has a higher minimum wage and better services than we offer with our business crushing low wage

amazing

 

[acesfull86]

and yet somehow the rest of the developed western world has a higher minimum wage and better services than we offer with our business crushing low wage

amazing

Sounds more like an opinion than a fact to me...

 

[Hawk]

I need to know what 'better services' means, too.

 

[goldfly]

Sounds more like an opinion than a fact to me...

what does?

they have higher wages and better services for the general public than we do with our horrible wages

what are you thinking is an opinion?

 

[acesfull86]

What do you mean by "better services?" And are you talking from businesses or gov'ts?

Either way, I'm not sure what this has to do with the claim that a higher minimum wage is a poor anti-poverty tool.

 

[goldfly]

I need to know what 'better services' means, too.

better infrastructure, better healthcare, better public transport, more sensible form of policing, mandatory vacation days etc etc

things that help out the people instead of just the rich people

they do all that and it is with minimum wages that crush ours

yet, here we can't get any of that really while getting paid less.

 

[Hawk]

better infrastructure, better healthcare, better public transport, more sensible form of policing, mandatory vacation days etc etc

things that help out the people instead of just the rich people

they do all that and it is with minimum wages that crush ours

yet, here we can't get any of that really while getting paid less.

I agree with the things you listed, but keep in mind that a majority (if not all) of the countries that possess strengths in those areas also have proportionately higher tax rates than we do. Across the board.

Europe is an interesting example. Social programs drove France, Spain, Italy, Greece, and an assortment of smaller nations into untenable budgetary positions that resulted in the subsequent adoption of rigorous austerity measures. Even the UK had to cut spending drastically and they are one of the less liberal European entities when it comes to that kind of fiscal appopriation.

Hell, Britain's austerity not only nearly cost them Scotland, but also dethroned the Labour party.

Germany is about the only country that emerged from this particular financial crisis unscathed and their involvement in providing bailout money has created serious negative sentiment towards government in German society.

I guess my point is that there is no silver bullet, short of communism (in theory), that fairly shares wealth

 

[57Brave]

Funny, heard yesterday a driving narrative of why German economy is still afloat is attributable to their re-nigging on WWII reparations.
Surprised that is still in play yet they had to get the money somewhere.