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PostPosted: Thu Sep 04, 2014 3:41 pm 
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Hank Scorpio wrote:
RPB and Rick think that they will just say "Aw shucks. Time to cut our profits and pay people more" I think that they will raise prices for everyone and continue to rake in profits and purchase stupid commercial time for the SuperBowl.
It's clear you aren't even trying to understand the point.

It's not about what they want. It is about what they would be forced to do.

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PostPosted: Thu Sep 04, 2014 3:43 pm 
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Hawg Ass wrote:
Regular Reader wrote:
I love how this has turned into a generally well intentioned debate over seven pages.

At the same time a 30 second SB commercial costs $4MM, there's a local family that produces nothing but continues to idly live off of marketing the sweat of the venerated Papa Bear (who's been dead for three decades), the LA Dodgers make $200MM per year on local broadcasting(advertising) and simple product placement in brings in $100s of millions (billions?).

Yeah, its the minimum wage workers that are the problem. NOT the corporate waste and hundreds of billions in advertising (that creates nothing tangible).

The Kardashians would agree.

So would the Little League World Series and what has made it as big as it has become, correct?


Hey Easton gave each player in Williamsport $500-700 in swag all in neon colors and covered with Easton logos so... :wink:

(and the ridiculous $350-400 bats were chipping and breaking right out of the box :lol: )

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PostPosted: Thu Sep 04, 2014 3:44 pm 
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Boilermaker Rick wrote:
Hank Scorpio wrote:
RPB and Rick think that they will just say "Aw shucks. Time to cut our profits and pay people more" I think that they will raise prices for everyone and continue to rake in profits and purchase stupid commercial time for the SuperBowl.
It's clear you aren't even trying to understand the point.

It's not about what they want. It is about what they would be forced to do.


They would be forced to raise prices, close stores and fire employees. They shouldnt HAVE to do that though. Wal-Mart should be fine making XX Billion vs pre increase profits but they wont be. They will continue to try to make as much as possible.

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PostPosted: Thu Sep 04, 2014 3:44 pm 
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Boilermaker Rick wrote:
It's clear you aren't even trying to understand the point.


:lol: :lol: :lol: :lol: :lol: :lol:
is this irony? I never know.


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PostPosted: Thu Sep 04, 2014 3:46 pm 
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Regular Reader wrote:
Hawg Ass wrote:
Regular Reader wrote:
I love how this has turned into a generally well intentioned debate over seven pages.

At the same time a 30 second SB commercial costs $4MM, there's a local family that produces nothing but continues to idly live off of marketing the sweat of the venerated Papa Bear (who's been dead for three decades), the LA Dodgers make $200MM per year on local broadcasting(advertising) and simple product placement in brings in $100s of millions (billions?).

Yeah, its the minimum wage workers that are the problem. NOT the corporate waste and hundreds of billions in advertising (that creates nothing tangible).

The Kardashians would agree.

So would the Little League World Series and what has made it as big as it has become, correct?


Hey Easton gave each player in Williamsport $500-700 in swag all in neon colors and covered with Easton logos so... :wink:

(and the ridiculous $350-400 bats were chipping and breaking right out of the box :lol: )

:lol:

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PostPosted: Thu Sep 04, 2014 3:47 pm 
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Regular Reader wrote:
I love how this has turned into a generally well intentioned debate over seven pages.

At the same time a 30 second SB commercial costs $4MM, there's a local family that produces nothing but continues to idly live off of marketing the sweat of the venerated Papa Bear (who's been dead for three decades), the LA Dodgers make $200MM per year on local broadcasting(advertising) and simple product placement in brings in $100s of millions (billions?).

Yeah, its the minimum wage workers that are the problem. NOT the corporate waste and hundreds of billions in advertising (that creates nothing tangible).

The Kardashians would agree.


I agree that TV has killed the middle class.


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PostPosted: Thu Sep 04, 2014 3:48 pm 
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Hank Scorpio wrote:
They would be forced to raise prices, close stores and fire employees. They shouldnt HAVE to do that though. Wal-Mart should be fine making XX Billion vs pre increase profits but they wont be. They will continue to try to make as much as possible.
Of course they will try and make as much as possible. They will not be able to because they won't have a workforce subsidized by the American taxpayer. That money is currently raising their profits. Every welfare check written to a Wal-Mart employee is basically writing a check to Wal-Mart.

You are acting like Wal-Mart can just choose to make X% profit. They can't. Outside forces decide their profit.

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PostPosted: Thu Sep 04, 2014 3:52 pm 
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Boilermaker Rick wrote:
Hank Scorpio wrote:
They would be forced to raise prices, close stores and fire employees. They shouldnt HAVE to do that though. Wal-Mart should be fine making XX Billion vs pre increase profits but they wont be. They will continue to try to make as much as possible.
Of course they will try and make as much as possible. They will not be able to because they won't have a workforce subsidized by the American taxpayer. That money is currently raising their profits. Every welfare check written to a Wal-Mart employee is basically writing a check to Wal-Mart.

You are acting like Wal-Mart can just choose to make X% profit. They can't. Outside forces decide their profit.


I'm saying that these large corporations are used to making a certain amount of money. They arent going to just accept making less and continue doing things like they always have. There will be consequences to it. Higher prices, loss of jobs, closing of stores/or not building new stores and warehouses. All of it will have effects across the board.

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PostPosted: Thu Sep 04, 2014 4:07 pm 
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Hank Scorpio wrote:
They arent going to just accept making less and continue doing things like they always have. There will be consequences to it. Higher prices, loss of jobs, closing of stores/or not building new stores and warehouses. All of it will have effects across the board.


The loss of WalMart or McDonald's :wink: or the jobs that go with them won't be missed for long. Costco, regional grocers, local restuarants & the employees making actual living wages will likely stem the losses and turn the tides fairly quickly imo.

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PostPosted: Thu Sep 04, 2014 4:10 pm 
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Regular Reader wrote:
Hank Scorpio wrote:
They arent going to just accept making less and continue doing things like they always have. There will be consequences to it. Higher prices, loss of jobs, closing of stores/or not building new stores and warehouses. All of it will have effects across the board.


The loss of WalMart or McDonald's :wink: or the jobs that go with them won't be missed for long. Costco, regional grocers, local restuarants & the employees making actual living wages will likely stem the losses and turn the tides fairly quickly imo.


I would hope so but I'm not as confident. I dont know if our economy is in a good place right now to be making decisions like this one.

But just in case it does happen, good riddance. Fuck Wal-Mart. I hate to be debating about them making billions. Give me a Target or Mejier any day of the week. :lol:

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PostPosted: Thu Sep 04, 2014 4:11 pm 
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So lets flip this around. If raising the minimum wage is wrong why not just drop it down to like $3 an hour? Imagine how many people would be employed making $24 a day!

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PostPosted: Thu Sep 04, 2014 4:13 pm 
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Boilermaker Rick wrote:
So lets flip this around. If raising the minimum wage is wrong why not just drop it down to like $3 an hour? Imagine how many people would be employed making $24 a day!


The most idiotic thing posted in this thread... :lol:

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PostPosted: Thu Sep 04, 2014 4:16 pm 
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Hank Scorpio wrote:
Boilermaker Rick wrote:
So lets flip this around. If raising the minimum wage is wrong why not just drop it down to like $3 an hour? Imagine how many people would be employed making $24 a day!


The most idiotic thing posted in this thread... :lol:
What is the argument against a $3 minimum wage?

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PostPosted: Thu Sep 04, 2014 4:18 pm 
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Boilermaker Rick wrote:
Hank Scorpio wrote:
Boilermaker Rick wrote:
So lets flip this around. If raising the minimum wage is wrong why not just drop it down to like $3 an hour? Imagine how many people would be employed making $24 a day!


The most idiotic thing posted in this thread... :lol:
What is the argument against a $3 minimum wage?


That the employer's share of withholding taxes is too. damn. high.???

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PostPosted: Thu Sep 04, 2014 4:38 pm 
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Boilermaker Rick wrote:
Hank Scorpio wrote:
I'm all for people making more money but it isnt realistic to raise min wage to $15. I dont want McDonald's Corportation or the Waltons to keep making billions but the fact is that if min wage is raised the costs will all get passed along to everyone else BUT McD's and Wal-Mart. They will raise their prices accordingly and now we all have less spending power including the min wage employees who just fought for more money. It's just going to keep going around and around... I dont see a fix to the problem.
They won't though. They honestly can't raise prices that much more than they already have them at. Why would you pay $10 for a McDonalds sandwich? You can get a much better sandwich for less than $10 right now. That sandwich isn't going to raise as much.

They would adjust accordingly. Their prices would go up some but who cares? They would have to improve the quality or find another way to do it cheaper. Let them go out of business if they can't cut it.

McDonalds isn't some ultra important thing that needs to be protected at all costs. Let them figure it out.


McDonald's CEO Don Thompson's salary recently increased from $4.1 million, to $13.8 million. Somehow, they manage to sell Big Macs at the same price they always have, and not $15.

http://www.dailykos.com/story/2013/12/0 ... -with-that

This fallacy needs to be put to death, like others, such as trickle down economics, and the Iraq war would pay for itself.

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PostPosted: Thu Sep 04, 2014 4:43 pm 
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rogers park bryan wrote:
BTW, side note, dont apprentices in many trades start out at 15/hour?

Yes.

And many times they are untrained and essentially digging ditches to start right?

Yes. I worked with an apprentice who had not yet started school, and I had to take sheet metal away from him, and I made him watch me. I thought he was going to hurt himself.


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PostPosted: Thu Sep 04, 2014 4:44 pm 
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Look ... corporations and other businesses are clearly just not going to accept making less money nor should they be expected to. It's clearly and obviously incumbent upon the general populace peons to accept less money, work more hours, and be goddamned thankful for it while they're at it. I don't know what idiots like BRick, RPB, and Chus don't understand about something so patently simple and straightforward.

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PostPosted: Thu Sep 04, 2014 4:50 pm 
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rogers park bryan wrote:

How does Costco and other non evil companies get away with taking care of employees?
Shouldnt they have gone out of business long ago with such insane wages?


Costco pays their employees far more than Walmart does, and Costco grew at 8%, while Walmart grew at 1.2%, for the 1st quarter of 2013.

http://www.forbes.com/sites/rickungar/2 ... u-pay-for/

Does that convince you, Hawg?

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Last edited by Chus on Thu Sep 04, 2014 4:52 pm, edited 1 time in total.

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PostPosted: Thu Sep 04, 2014 4:52 pm 
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Chus wrote:
rogers park bryan wrote:

How does Costco and other non evil companies get away with taking care of employees?
Shouldnt they have gone out of business long ago with such insane wages?


Costco pays their employees far more than Walmart does, and Costco grew at 8%, while Walmart grew at 1.2%, for the 1st quarter of 2013.

Does that convince you, Hawg?


To be fair, percentages without reference numbers are meaningless.

I might have a business that grew 13.8% the last two years running but if my net profit is about $130k, I'm not really going to wave that around like I'm better than WalMart.

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PostPosted: Thu Sep 04, 2014 4:54 pm 
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Don Tiny wrote:
Look ... corporations and other businesses are clearly just not going to accept making less money nor should they be expected to. It's clearly and obviously incumbent upon the general populace peons to accept less money, work more hours, and be goddamned thankful for it while they're at it. I don't know what idiots like BRick, RPB, and Chus don't understand about something so patently simple and straightforward.


Could they strive to learn more skills and become more marketable? Manufacturers can't find dedicated workers interested in making it a career. High school kids don't want to go into a manufacturing job because it's boring or something. I don't know.

They could get an entry-level manufacturing job for minimum $10/hour, weekends off, 40 hours guaranteed with some limited overtime, holidays off, benefits and with potential to move up and learn a skill but the majority of them go to McDonald's and work for minimum wage. Skilled guys in some fields are all 55+ and about to retire without nobody coming up to take their place. Those guys make $80k+/year but most of them started off at the beginning.

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PostPosted: Thu Sep 04, 2014 5:36 pm 
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rogers park bryan wrote:
Nas wrote:
rogers park bryan wrote:
Dr. Kenneth Noisewater wrote:
But, that's again, another study of historical state-level modest increases in the wage.

This is, if I may, "paradigm-shifting news, gentlemen!"

This would be an historic increase and a drastic one at that.

You're talking moving it from like 7.50 to 15 in one move.

Im a proponent of the 10.10 and then increases every year or so till it gets to the level where it matches inflation


What does that solve?

I think that's been covered. People would have more money. There would be a more even split of money than there is now, imo

Nas wrote:
Raising the minimum wage will likely cause more problems. Most of the jobs I had as a kid (I've been working since I was 11) I couldn't have gotten if minimum wage was $12. It wasn't worth paying me that much. Young Nas would have probably turned to a life of crime without those opportunities.

That doesnt really make sense to me, maybe im missing something.

The minimum is the minimum. Whatever young Nas made has to be adjusted for inflation.

If the wage to cost ratio is the same as it was when you were young, what's the problem?

What are the other problems youre thinking of?



The problem isn't fixed by pulling a dollar amount out of a hat. It is going to be fixed by decreasing the income equality in this country. Right now 51% of the income in this country goes to the top 10% (22.5% of that goes to the top 1%) and 90% of the population divides up the other 49%. That's what needs to change. Nothing else matters if that doesn't change.

I personally wouldn't pay any kid $15 an hour to do anything I was hired to do as a kid. One of those jobs was working at McDonald's in a mall. There are some adults I would never give a chance if I had to pay them $15 an hour.

Reduce income equality to the levels we saw in the late 40's and early 50's and a lot of problems will be solved. Increasing the minimum wage doesn't reduce that gap. In the end you will hurt kids and people who need the help most IMO.

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PostPosted: Thu Sep 04, 2014 5:53 pm 
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How would you achieve that Nas?

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PostPosted: Thu Sep 04, 2014 6:16 pm 
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I guess, thinking about it, my biggest problem is putting unskilled jobs on the same level as skilled trades (entry level) disincentivizes the development of a more skilled workforce.

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PostPosted: Thu Sep 04, 2014 6:19 pm 
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You would love if someone just woke up and realized this was a great idea and start making changes. The federal government is probably going to have to nudge them. Reality will likely do it first.

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PostPosted: Thu Sep 04, 2014 6:20 pm 
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Boilermaker Rick wrote:
Hank Scorpio wrote:
RPB and Rick think that they will just say "Aw shucks. Time to cut our profits and pay people more" I think that they will raise prices for everyone and continue to rake in profits and purchase stupid commercial time for the SuperBowl.
It's clear you aren't even trying to understand the point.

It's not about what they want. It is about what they would be forced to do.

Yeah thats bullshit Hank and you know it

I'm saying the corporations will raise prices as much as they can while retaining market share (its just not near the level you think it is). You think they can raise costs to any level they choose and people will pay whatever which is wrong.


And for some reason you seem to think what a corporation wants is more relevant than what a corporation can realistically getaway with


If anyone is bring unrealistc its you


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PostPosted: Thu Sep 04, 2014 6:21 pm 
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Dr. Kenneth Noisewater wrote:
rogers park bryan wrote:
Ok, so basically you're saying that the minimum cant and wont ever match up with inflation and that ship has permanently sailed?


I'm a little confused by your comparison of a rate of change calculation to a static number.

If you are saying that it has not changed at the same rate as inflation, you are assuming there was some optimal arbitrary number chosen in the past which, if it had maintained a rate that increased at the same rate of inflation, would still be optimal today.

I'm stating that there's no way to know what that number truly should be because it doesn't really exist.

Cost of living is what I meant


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PostPosted: Thu Sep 04, 2014 6:23 pm 
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Remember, friends, if you index anything to inflation you're indexing to something that has been changed/manipulated in massive ways for the last 30+ years for the sole purpose of under-reporting it.


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PostPosted: Thu Sep 04, 2014 6:23 pm 
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Hank Scorpio wrote:
Boilermaker Rick wrote:
Hank Scorpio wrote:
RPB and Rick think that they will just say "Aw shucks. Time to cut our profits and pay people more" I think that they will raise prices for everyone and continue to rake in profits and purchase stupid commercial time for the SuperBowl.
It's clear you aren't even trying to understand the point.

It's not about what they want. It is about what they would be forced to do.


They would be forced to raise prices, close stores and fire employees. They shouldnt HAVE to do that though. Wal-Mart should be fine making XX Billion vs pre increase profits but they wont be. They will continue to try to make as much as possible.

Of course they will but that depends on supply and demand, not "whatever Walmart wants"

Hank I know you understand supply and demand. Why are you pretending it doesn't exist in this thread?


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PostPosted: Thu Sep 04, 2014 6:24 pm 
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SomeGuy wrote:
Remember, friends, if you index anything to inflation you're indexing to something that has been changed/manipulated in massive ways for the last 30+ years for the sole purpose of under-reporting it.


#Truth

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PostPosted: Thu Sep 04, 2014 6:33 pm 
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I do not see the gap changing. Since the advent of 401ks, personal banking/investment, day traders and so on the incentive and system is to make more as fast as possible via Wall St. Too intertwined in society to get the top down. So how to get the bottom up? I suggest you can't. In any but the most theoretical systems you must have a bottom and a top. Sort of like the law of gravity it must be.

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