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Top Economists Are Backing Sen. Bernie Sanders on Establishing a $15 an Hour Minimum Wage

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posted on Jul, 27 2015 @ 06:23 PM
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a reply to: AlaskanDad

It would immediately increase buying power, stimulate spending, and infuse money into the economy. ALL its doing is diverting money from the 1 percent to the 99 percent. Thats only a win win proposition. I have heard the argument that it will cause prices to rise. That may be so, but if wages rise, the standard of living starts to rise profits rise because people have more money to spend to begin with, and overall our standard of living will start to improve. If you look at countries like Switzerland, cost of living is very high but wages are high as well and the result is a better environment for everything, quality of life, education, etc. Would you rather live in a 3rd world country where everything is cheap, or a first world country where things are a bit pricier, but wages compensate? I pick the latter. We are in a stagnant economy now, if that starts to improve, so will upward mobility. The rich are only against this because they won't be able to pillage the middle class as much. I would rather see the money in the pockets of a million people who are going to go out and spend it on products and services, than in the bank account of a small group of individuals, who are going to reap a rate of return for THEM and no one else.
edit on 27-7-2015 by openminded2011 because: (no reason given)




posted on Jul, 27 2015 @ 06:28 PM
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a reply to: Aazadan

Spoken like a true socialist.

Spread the wealth around, spread the work around. Same difference.

It's your thinking that is destroying this country.



posted on Jul, 27 2015 @ 06:30 PM
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originally posted by: Freenrgy2
a reply to: Aazadan

Spoken like a true socialist.

Spread the wealth around, spread the work around. Same difference.

It's your thinking that is destroying this country.


What's destroying the country is greed, and a system that funnels money into one percent of the population at the expense of 99 percent of the country.



posted on Jul, 27 2015 @ 06:30 PM
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a reply to: openminded2011

Short-term gains until the curve shift to reach equilibrium. It is unsustainable if done in this fashion.

There is a reason why these jobs are at the bottom of the barrel.

You're living in a dream land if you think the scenario is going to play out like you think it will.



posted on Jul, 27 2015 @ 06:31 PM
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a reply to: openminded2011

Trust me, those 1% will take of their own and could give a rats behind if they sink the other 99%.

You raise the minimum wage, watch businesses close, and people let go.



posted on Jul, 27 2015 @ 06:32 PM
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originally posted by: Freenrgy2
a reply to: openminded2011

Short-term gains until the curve shift to reach equilibrium. It is unsustainable if done in this fashion.

There is a reason why these jobs are at the bottom of the barrel.

You're living in a dream land if you think the scenario is going to play out like you think it will.



Tell that to the Swiss, Norway and the Scandinavian countries, they already have a higher standard of living that we do.



posted on Jul, 27 2015 @ 06:37 PM
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originally posted by: Freenrgy2
a reply to: Aazadan

Spoken like a true socialist.

Spread the wealth around, spread the work around. Same difference.

It's your thinking that is destroying this country.


It's not socialist at all. Lower paid jobs for the most part require few if any skills. Cashiers are being replaced by self checkouts, in asian countries they're starting to replace servers in restaurants with robots, we've all seen the McDonalds kiosks to place your order. Yet, with all of this decrease in the amount of labor that needs to be done our population is increasing. This means there's fewer hours per week for everyone to work which will inevitably either result in a handful of the population working 40 hours per week while an increasingly larger percentage doesn't work at all or people will work fewer than 40 hours per week with everyone working but less.

Why do we have to work 40 hours per week?



posted on Jul, 27 2015 @ 06:41 PM
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a reply to: openminded2011

They have a lot less people as well.



posted on Jul, 27 2015 @ 06:43 PM
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a reply to: Aazadan

Wait until robots take over those $15/hr. minimum skill jobs.

So, obviously, this is yet another liberal/socialist thread on ATS.

They seem to be growing exponentially.
edit on 27-7-2015 by Freenrgy2 because: (no reason given)



posted on Jul, 27 2015 @ 06:51 PM
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a reply to: Freenrgy2

With the economy in taters from 35 yrs of trickle down reganomics , of course people want to see a change.



posted on Jul, 27 2015 @ 06:52 PM
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originally posted by: Freenrgy2
a reply to: Aazadan

Wait until robots take over those $15/hr. minimum skill jobs.

So, obviously, this is yet another liberal/socialist thread on ATS.

They seem to be growing exponentially.


It will happen. But as I said earlier in the thread I think it's better to have 5 employed people at a good wage and 5 unemployed people than 10 people on subsistence wages. The expenditures work out the same but one takes excess labor off the market and creates 5 independent people and 5 dependent people vs the alternative of 10 dependent people.



posted on Jul, 27 2015 @ 07:22 PM
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Time to quit my skiled trades job and work at a burger joint

Wooohoooo !



posted on Jul, 27 2015 @ 07:34 PM
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originally posted by: DarthFazer
Time to quit my skiled trades job and work at a burger joint

Wooohoooo !


Your simple statement shows exactly why trade jobs wages will need to adjust upward too. Remember last time we had a strong min wage, we had a strong middle class.



posted on Jul, 27 2015 @ 07:59 PM
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originally posted by: DarthFazer
Time to quit my skiled trades job and work at a burger joint

Wooohoooo !


that is going to happen a lot and will create another issue. people will walk away from the trades to go to fast food joints where they can make 15 an hour without having to think and without having real responsibility.

i know a lot of guys at my place that would leave in a second if they could make 15 at mcdonalds.
some of the positions on the production side start out at 14 an hour.
we are talking about working near induction furnaces. lead particulates in the air. # like that.

so people will walk away from those jobs to go to fast food. then those jobs will hike their wages to get people back in and fast food will be back at the bottom of the scale. so in the end, nothing changes.

some people call it a living wage. i think of it as a slap in the face to the millions of workers that got into the trades and developed skills to earn themselves good wages. wages above entry level, no skill jobs.
now those jobs will come with a near 100% pay increase.....

i just dont get it.



posted on Jul, 27 2015 @ 08:49 PM
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originally posted by: DarthFazer
Time to quit my skiled trades job and work at a burger joint

Wooohoooo !


I'm going to go out on a limb here and say that in reality you wouldn't actually do that.

Pride is a very strong motivator when it comes to us human beings. Very few would (voluntarily) leave a skilled job to go do what is seen as a 'lesser job' by society, even if the money was the same.



posted on Jul, 27 2015 @ 09:07 PM
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originally posted by: Mugly
that is going to happen a lot and will create another issue. people will walk away from the trades to go to fast food joints where they can make 15 an hour without having to think and without having real responsibility.


Why is this a problem? Is it a bad thing if someone wants a low stress lifestyle where they can afford food and rent without assistance?


originally posted by: Mugly
some people call it a living wage. i think of it as a slap in the face to the millions of workers that got into the trades and developed skills to earn themselves good wages. wages above entry level, no skill jobs.
now those jobs will come with a near 100% pay increase.....


I just can't relate at all. My entire life I've been taught that the point of life is to do a job you either love or at least like so that you're not miserable every day. Pay is secondary to happiness on the job. So what I see as a slap in the face is low level jobs that people seek either out of a desire for an easy life or out of a necessity due to a lack of other jobs being available not paying enough for a person to be self sufficient.
edit on 27-7-2015 by Aazadan because: (no reason given)



posted on Jul, 27 2015 @ 09:11 PM
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originally posted by: DarthFazer
Time to quit my skiled trades job and work at a burger joint

Wooohoooo !


So if less are willing to work in the skill trades, these skilled trades would make more money based on the scarcity of these jobs?? Win WIn



posted on Jul, 27 2015 @ 09:12 PM
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originally posted by: Subaeruginosa
In other words, you can't provide one single practical instance to demonstrate that a $15 an hour minimum wage wouldn't work in America... correct?


Considering it has not been implemented how could I do this?

The point I am making, which I think you get quite clearly, is that the burden of any additional business operating expenses are passed to the end user. A $15 per hour minimum wage works so long as the end users can support it, once they cannot it becomes $0 per hour.



posted on Jul, 27 2015 @ 09:13 PM
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originally posted by: AlaskanDad
It is very simple, if all service industry jobs get the same added cost of increased wages, the costs are easily passed on to the consumer.


That overly simplistic statement implies that all service industry sectors operate on the same gross margin parameters, which they certainly do not.



posted on Jul, 27 2015 @ 09:14 PM
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a reply to: Mugly

Your employer knows you are worth more than minimum wage, being it's a skilled trade it will be much harder to train new employees than raise your wages. I think everyone that is for the $15 min wage wants to see all working class wages increase.


Could you really go from 14hr days at your current job to a $15 an hr 40 hr week at Jack in the box?




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