Being forced out of business (with all the employees becoming unemployed) due to incompetent Government meddling is not a failure of business, it's a failure of incompetent Government meddling.

Like I said, a lot of my input is directed at the CA initiative that raises minimum wage to $15 by 2022. As for making it $15 overnight in, say, Oklahoma, that doesn't make sense either.Be fair. If your prices for your services/product are matching inflation, but the wages to your employees remains stagnant, then you are on the clean side of the stick.

That being said, as I stated above... minimum wage standards at the national level are dangerous and have a higher propensity to be out of touch with reality. $15/hr in CA is not $15/hr in BFE, Missouri.

/thread

lol@this idiocy. You shouldn't be trying to live on minimum wage in the first place. If you're making a career out of a minimum wage job, then you have no one but yourself to blame for your situation. The solution isn't "b-b-but muh wages!", the solution is to get a better fuarkin' job.

A small corner store is not going to be able to absorb that immediately inflated cost without putting up prices as easily as McDonald's. That's just the way it is. But if you're not bothered about that kind of thing then thats fine but the rest of my post still stands.

it would not be due to incompetent government meddling, it would be due to mismanaging your company

brb join the military or go to school for 4 years get a college job 16/hr

brb 16yr old ******* who flips burgers 15/hr

seems legit

small corner store would have less overhead and less employees so i fail to see the relevance

I could probably get on board with this, I'd really need to read more about it before I could say, but this seems a lot more viable.

I unfriended someone who kept bitching about raising the minimum wage. He was a military kid but you could clearly see that he was inexperienced in life. If he wasn't in the military he'd probably be working in the trades.

I will assume you have very severe autism. Srs.

It's not about corporations, it's about small businesses. Get a clue you fuking rere.

Yes it would have less employees, but most of them are going to be minimum wage employees, and most of those shops won't have huge profit margins to cover it. Do you think the average small business owner is lining their pockets enough to cover that?

And if you're saying that's their own failure if they can't, then I'm going to put it to you that having a minimum wage job is the workers own failure. If you don't care about the small business owner, why should I care about the minimum wage worker?

Lol every politician says this, yet they hate, and I meanHATEsmall businesses. There's a reason small businesses get taxed out the ass while massive corporations don't have to pay jack.

i'm just throwing this out there for all idiots proposing minimum wage increase.

minimum wage increases, everything else increases (living, food, entertainment, travel)

why not propose a minimum wage decrease so everything else falls?


i do not support a minimum wage whatsoever. i'm not disclosing what i make, but lets say i made 30 an hour and a 16 year old is making minimum wage of 7.75 or whatever.

go ahead, get rid of minimum wage....if this results in those 16 year olds making 2 an hour and me making 12 then whatever, fine. economy falls into place with people getting paid what they are truly worth and housing, food, entertainment and travel will all have to fall to levels to accommodate this to stay in business.


why not decrease minimum wage instead of increase? the people on minimum wage will never and should never make a "livable" income as it is minimum and meant for teenagers to transition into the workforce while still under the wing of their parents.

if you are an adult on minimum wage, time to work on self improvement.

Minimum wage goes to $15+/hr and tons of small businesses close, meanwhile the corporations continue to thrive......lmfao!!!!!!!!!!! Libs gonna lib!

ExxonMobil paid $5.4 Billion in income taxes last year. As usual, you're just an ignorant, lying troll with no clue what he's babbling about.

I'm not a liberal at all. I'm simply stating politicians claim theylovesmall businesses yet in reality they hate, and I meanHATEsmall businesses. There's a reason small businesses get taxed out the ass while massive corporations don't have to pay jack.

if a small business owner cannot afford to pay his employees in accordance with inflation, then yes he deserves to go out of business

IMO it is better to have a higher unemployment rate and higher minimum wage than the opposite because at least people who need to provide for their family will be able to and the teens and retirees working part time can still live off their parents/retirement

Misc really has become retarded. You are leading them.

That is NOTHING to the revenue they earn. They make nearly $270 billion. LOL @ using $5.4 billion tax argument and thinking it works in your favor. Jesus, nutsy... Pull yourself together.

So if they deserve to go out of business if they don't have a high enough profit margin, then why is it not fair to say the minimum wage employees deserve to be earning jack chit an hour because they never did anything about it (other than complain I mean)

How would it result in people having more money for their families when lots of people working minimum wage would simply have no wage once they've been laid off because they've been replaced by a machine or because the small business they are working for or own had to be shut down?

How much federal income tax do you think partnerships and S-corps pay each year?

Liar gotta lie.

Exxon Mobil'snet revenuewas $22 Billion. Government took $5.4 Billion of that... And you falsely claim big corporations "don't pay jack". Give it up, you're just a lying troll.

If you can't comprehend the difference between Gross and Net revenue, just stop posting. It only embarrasses you by exposing your laughable ignorance.

Didn't read the thread and this may sound harsh, but society needs the poor to survive honestly. You shouldn't expect to make a living flipping burgers or at a gas station. There are plenty of ways to better yourself, trade school, military, universities, etc. If we pay McDonalds workers 15 an hour are you ready to pay 3-4 dollars for a McDouble??

would companies not get rid of their part time workers first? teenagers/retirees? i could care less about teenagers and retirees taking money from people actually supporting a family

companies may claim they are not able to afford the increase and will claim they need to lay people off, but the truth is they are just not willing to lose the luxuries they have built up in name of human decency

not saying they should, just stating facts

My prediction: if these minimum wage laws go through, i.e. If Hillary wins, expect in about 5 years to see mobs of unskilled, uneducated workers breaking into fast food restaurants and destroying the robots that will have replaced them.

It's happened before, but for slightly different reasons (Google the Luddite Rebellion).

No, no, no. Their net INCOME was $22 billion, which the government DID absolutely NOT take $5.4 billion of. The government took $5.4 billion out of their $270 billion REVENUE.



Stop trolling, you sad, old man.

I'm a CPA and you are wrong as phuck. Tax is calculated on taxable income which is a variation of net income. You're either trolling or stupid. (Probably both )

This thread needs some srs education on minimum wage and just economics in general. So many oversimplified responses ITT.
https://www.dol.gov/featured/minimum-wage/mythbuster
US Department of Labor btw^

Minimum Wage Mythbusters

Myth: Raising the minimum wage will only benefit teens.

Not true: The typical minimum wage worker is not a high school student earning weekend pocket money. In fact, 89 percent of those who would benefit from a federal minimum wage increase to $12 per hour are age 20 or older, and 56 percent are women.

Myth: Increasing the minimum wage will cause people to lose their jobs.

Not true: In a letter to President Obama and congressional leaders urging a minimum wage increase, more than 600 economists, including 7 Nobel Prize winners wrote, "In recent years there have been important developments in the academic literature on the effect of increases in the minimum wage on employment, with the weight of evidence now showing that increases in the minimum wage have had little or no negative effect on the employment of minimum-wage workers, even during times of weakness in the labor market. Research suggests that a minimum-wage increase could have a small stimulative effect on the economy as low-wage workers spend their additional earnings, raising demand and job growth, and providing some help on the jobs front."

Myth: Small business owners can't afford to pay their workers more, and therefore don't support an increase in the minimum wage.

Not true: A July 2015 survey found that 3 out of 5 small business owners with employees support a gradual increase in the minimum wage to $12. The survey reports that small business owners say an increase "would immediately put more money in the pocket of low-wage workers who will then spend the money on things like housing, food, and gas. This boost in demand for goods and services will help stimulate the economy and help create opportunities."

Myth: Raising the federal tipped minimum wage ($2.13 per hour since 1991) would hurt restaurants.

Not true: In California, employers are required to pay servers the full minimum wage of $9 per hour before tips. Even with a 2014 increase in the minimum wage, the National Restaurant Association projects California restaurant sales will outpace all but only a handful of states in 2015.

Myth: Raising the federal tipped minimum wage ($2.13 per hour since 1991) would lead to restaurant job losses.

Not true: As of May 2015, employers in San Francisco must pay tipped workers the full minimum wage of $12.25 per hour before tips. Yet, the San Francisco leisure and hospitality industry, which includes full-service restaurants, has experienced positive job growth this year, including following the most recent minimum wage increase.

Myth: Raising the federal minimum wage won't benefit workers in states where the hourly minimum rate is already higher than the federal minimum.

Not true: While 29 states and the District of Columbia currently have a minimum wage higher than the federal minimum, increasing the federal minimum wage will boost the earnings for nearly 38 million low-wage workers nationwide. That includes workers in those states already earning above the current federal minimum. Raising the federal minimum wage is an important part of strengthening the economy. A raise for minimum wage earners will put more money in more families' pockets, which will be spent on goods and services, stimulating economic growth locally and nationally.

Myth: Younger workers don't have to be paid the minimum wage.

Not true: While there are some exceptions, employers are generally required to pay at least the federal minimum wage. Exceptions allowed include a minimum wage of $4.25 per hour for young workers under the age of 20, but only during their first 90 consecutive calendar days of employment with an employer, and as long as their work does not displace other workers. After 90 consecutive days of employment or the employee reaches 20 years of age, whichever comes first, the employee must receive the current federal minimum wage or the state minimum wage, whichever is higher. There are programs requiring federal certification that allow for payment of less than the full federal minimum wage, but those programs are not limited to the employment of young workers.

Myth: Restaurant servers don't need to be paid the minimum wage since they receive tips.

Not true: An employer can pay a tipped employee as little as $2.13 per hour in direct wages, but only if that amount plus tips equal at least the federal minimum wage and the worker retains all tips and customarily and regularly receives more than $30 a month in tips. Often, an employee's tips combined with the employer's direct wages of at least $2.13 an hour do not equal the federal minimum hourly wage. When that occurs, the employer must make up the difference. Some states have minimum wage laws specific to tipped employees. When an employee is subject to both the federal and state wage laws, he or she is entitled to the provisions of each law which provides the greater benefits.

Myth: Increasing the minimum wage is bad for businesses.

Not true: Academic research has shown that higher wages sharply reduce employee turnover which can reduce employment and training costs.

Myth: Increasing the minimum wage is bad for the economy.

Not true: Since 1938, the federal minimum wage has been increased 22 times. For more than 75 years, real GDP per capita has steadily increased, even when the minimum wage has been raised.

Myth: The federal minimum wage goes up automatically as prices increase.

Not true: While some states have enacted rules in recent years triggering automatic increases in their minimum wages to help them keep up with inflation, the federal minimum wage does not operate in the same manner. An increase in the federal minimum wage requires approval by Congress and the president. However, in his call to gradually increase the current federal minimum, President Obama has also called for it to adjust automatically with inflation. Eliminating the requirement of formal congressional action would likely reduce the amount of time between increases, and better help low-income families keep up with rising prices.

Myth: The federal minimum wage is higher today than it was when President Reagan took office.

Not true: While the federal minimum wage was only $3.35 per hour in 1981 and is currently $7.25 per hour in real dollars, when adjusted for inflation, the current federal minimum wage would need to be more than $8 per hour to equal its buying power of the early 1980s and more nearly $11 per hour to equal its buying power of the late 1960s. That's why President Obama is urging Congress to increase the federal minimum wage and give low-wage workers a much-needed boost.

Myth: Increasing the minimum wage lacks public support.

Not true: Raising the federal minimum wage is an issue with broad popular support. Polls conducted since February 2013 when President Obama first called on Congress to increase the minimum wage have consistently shown that an overwhelming majority of Americans support an increase.

Myth: Increasing the minimum wage will result in job losses for newly hired and unskilled workers in what some call a last-one-hired-equals-first-one-fired scenario.

Not true: Minimum wage increases have little to no negative effect on employment as shown in independent studies from economists across the country. Academic research also has shown that higher wages sharply reduce employee turnover which can reduce employment and training costs.

Myth: The minimum wage stays the same if Congress doesn't change it.

Not true: Congress sets the minimum wage, but it doesn't keep pace with inflation. Because the cost of living is always rising, the value of a new minimum wage begins to fall from the moment it is set

Already made a long post concerning most of this, except for the teenagers/retirees thing. Which I guess it's a fair point, but I don't believe it would make a large difference in the scheme of things.

First off, LOL @ being a CPA. Secondly, you couldn't be more incorrect. I've worked with ExxonMobil in the past (back when I worked in oil & gas) and let me tell you, they pay little, and I meanLITTLEto no taxes. It's scary tbh.