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“I was shocked, I was stunned by the business.”CEO says profits soared after minimum wage hike

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posted on Jan, 5 2017 @ 04:02 PM
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Who do you all think skewed the cost of living over the livable wage in the first place?
Your inefficient government that's who!
Over-regulation and lack of foresight into the private sector has lead to a stagnated economy under the governments watchful eye(of Sauron).
Now you all wanna use it to mandate a national minimum wage of $15 an hour for everyone?!?!
If employers were free from paying erroneous taxes like the payroll and employee tax the minimum wage would parallel the cost of living and would probably be closer to $16 an hour.
I suggest we fix the inefficiencies in our federal government first.

In classic regressive liberal fashion you all think forcing a minimum wage hike without addressing the reasons for the discrepancy between wage and cost of living will somehow solve the problem.




posted on Jan, 5 2017 @ 04:02 PM
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originally posted by: MOMof3
I think the point of the article was the rate did not increase because of job losses.

Alberta's population has grown by approx 31,000 over the last year.

Our pogey lines have grown by approx 50,000 over the same period.

We are getting the love from both ends now, thanks to the NDP's 'fix'.

Labour force characteristics - SatsCan

Like I said, it's a band-aid thrown over an economic problem that requires an actual solution.
edit on 5-1-2017 by peck420 because: (no reason given)



posted on Jan, 5 2017 @ 04:54 PM
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originally posted by: Edumakated
So let's just bump it to $50/hr immediately and end poverty forever...


I say let's go to $100/hr. Everyone with a current mortgage would be able to pay it off in no time.



posted on Jan, 5 2017 @ 05:15 PM
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hasn`t mankind been doing this finance thing long enough to have figured out by now that the more money people have the more money they spend, why must we keep reinventing the wheel?



posted on Jan, 5 2017 @ 08:19 PM
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Interesting example, been waiting on how the higher wages play off for the economy.



Massachusetts and Washington state will have the highest new minimum wages in the country, at $11 per hour.

California will raise its wage to $10.50 for businesses with 26 or more employees. New York state is taking a regional approach, with the wage rising to $11 in New York City, $10 in its downstate suburbs and $9.70 elsewhere.

Source



posted on Jan, 5 2017 @ 09:26 PM
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originally posted by: tothetenthpower
30K is like the minimum you need now to live in most 1st world countries.


That's actually about the median U.S. individual income... so...



posted on Jan, 6 2017 @ 11:40 AM
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a reply to: Tardacus
I think you are a touch wrong there. You should have said"the more money the CEOs make the more money they take it out of the circle. As been said the majority of workers earn just enough to survive.
Now let me tell you how an economy works. The majority of people MUST have enough money to live on (that's paying the bills etc.) but, and it's the biggest but in the world, they MUST have more than a living wage. They must have a portion of what is called disposable income. That's money that buys "extras" like pretzels and other goods.
That disposable income is what drives a good and successful economy and that's what the majority of people haven't got. Disposable income. It need not be a fantastic amount, but it needs to be extra from the living costs.
If you really want to sort this problem out all you have to look at is the comparison of a workers wage and the cost of upper management wages. If the upper management didn't take so much but payed their workers a bit more then the problem would not arise.
But please don't quote percentage rises as this is pure BS on part of the management. ie.They say "everybody in this company gets a 2% wage rise". Then look at a worker on $20 an hour and he gets an extra 4 cents. Now look on someone on $200 an hour, they get an extra $4. And the more money the management get, the more money they want and it can only come from one place and that's the workers wages or should I say the pay rises the workers should have had.



posted on Jan, 6 2017 @ 12:28 PM
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If you were entering adulthood in the mid to late 1980's, you are living proof that wage stagnation v. inflation of every damn good and service, is a serious issue right now. Back then, you could make $8 an hour and with a roommate, pay for an apartment, car payment, bills, food, and afford to go out on the weekends or whatever your free days were.

Now? You can't even pay the rent on $10 an hour with a roommate. hell, you probably can't even get 40 hours a week.

The fact is, not everyone can go to college, and even if they could, there aren't enough jobs in those fields either. Some can't afford it. Some just aren't that smart. Does than mean, too bad so sad? Does that mean they don't deserve to at least be able to pay the damn rent and eat?

It takes a really sorry excuse for a human to have that attitude. Not directed at the OP or anyone else directly. Just an open declaration to anyone who looks down on the kid trying to make his or her way through life working at Walmart or McDonald's, thinking that person doesn't deserve to earn just a little more. probably the same piece of human waste who thinks the same people are leeches for using government support so they can eat.

$15 an hour? Maybe not. But something has to change.



posted on Jan, 6 2017 @ 09:44 PM
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originally posted by: TheBulk
Well there is deception right off the bat. They give you the idea that this is a $15 an hour minimum wage hike when in fact it's only $10.

What most people took issue with is the idea of arbitrarily raising entry level jobs to a $15 or more an hour. Many people invest a lot of money to go to school and get an education so they can make that much.


Maybe, but that also means people paid for school for a very poor return.

It's just my opinion, but with 1/3 of the population graduating college, it seems to me that any job worth having a degree to qualify for, should put you in the top 1/2 of income earners within your first 2 years if not as a starting wage. If your field of study doesn't do that, you should strongly reconsider what you're paying for.



posted on Jan, 6 2017 @ 09:59 PM
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originally posted by: TheBulk
Wasn't there some company that was supposedly paying all of their employees 70 grand a year and the company ended up flopping?


Dan Price was the CEO's name and his company is Gravity Payments.

Here's a story from late 2016 about them, they're still around
www.today.com...

What ended up happening, is the upper level executive who helped implement it, got mad she wasn't making the same proportion more than the regular employees after the change, and left. Most other employees have been happy. They've had several start families, and most used the extra money to move closer to their office and reduce their commutes and raise their quality of life.

The CEO originally had some family trouble, because his brother, a silent partner in the company got upset. However, the profits to the company have doubled since the change was made and business wise, nothing could be better.



posted on Jan, 6 2017 @ 10:02 PM
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originally posted by: VinylTyrant
That's next to nothing for an educated poosition and yet here you have the fry guy or the delivery boy making comparable salaries.
If minimum wage is $8-9 right now and you raise it to $15 which is what they want then the business sector has to raise wages across the board. Skilled or educated positions should see a $7-8 increase to make their education worth while somewhat. I doubt that will happen.
All you do is further socialize our country by mandating workers make more than their job is worth.


Why? Does someone else getting something mean you should automatically get something? The reward for an education isn't a higher salary (though a salary should cover the cost of the education). Education is about getting to perform the job you want to perform. Without an education you can only perform unskilled labor. With an education, and some luck in actually landing a job, you can spend your time performing labor you actually want to perform.



posted on Jan, 6 2017 @ 10:07 PM
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originally posted by: JAY1980
Now you all wanna use it to mandate a national minimum wage of $15 an hour for everyone?!?!
If employers were free from paying erroneous taxes like the payroll and employee tax the minimum wage would parallel the cost of living and would probably be closer to $16 an hour.
I suggest we fix the inefficiencies in our federal government first.


In order to match the purchasing power minimum wage had in 1967, it would need to be $24/hour today. You can't go by inflation figures because inflation is based on CPI which since the early 80's has had zero correlation to reality.



posted on Jan, 7 2017 @ 08:28 AM
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a reply to: Aazadan

If unskilled labor salaries rise across the board, all salaries have to rise.

$15/hr job bachelor's requirement
15/hr add ketchup to burger

DO YOU SEE NO CONFLICT HERE??

Because this would be reality for many people, makes no sense.



posted on Jan, 7 2017 @ 02:17 PM
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originally posted by: VinylTyrant
a reply to: Aazadan

If unskilled labor salaries rise across the board, all salaries have to rise.

$15/hr job bachelor's requirement
15/hr add ketchup to burger

DO YOU SEE NO CONFLICT HERE??

Because this would be reality for many people, makes no sense.


No, I don't see a conflict.

The whole point of minimum wage increases is to shrink the wealth gap, not to give everyone a raise and maintain the gap.
edit on 7-1-2017 by Aazadan because: (no reason given)



posted on Jan, 7 2017 @ 02:31 PM
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originally posted by: Aazadan

originally posted by: VinylTyrant
a reply to: Aazadan

If unskilled labor salaries rise across the board, all salaries have to rise.

$15/hr job bachelor's requirement
15/hr add ketchup to burger

DO YOU SEE NO CONFLICT HERE??

Because this would be reality for many people, makes no sense.


No, I don't see a conflict.

The whole point of minimum wage increases is to shrink the wealth gap, not to give everyone a raise and maintain the gap.


So price controls for everything would be necessary too ?




posted on Jan, 7 2017 @ 02:39 PM
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originally posted by: xuenchen
So price controls for everything would be necessary too ?




Why would price controls be necessary?



posted on Jan, 7 2017 @ 03:05 PM
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originally posted by: Aazadan

originally posted by: xuenchen
So price controls for everything would be necessary too ?




Why would price controls be necessary?


Why wouldn't they be ?



posted on Jan, 7 2017 @ 04:49 PM
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a reply to: Aazadan

You haven't got a clue. People don't go to college to make burgerboy salary.

What are you talking about??



posted on Jan, 7 2017 @ 05:24 PM
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originally posted by: xuenchen
Why wouldn't they be ?


Price controls are about maintaining purchasing power for people, you're already doing that though by shrinking the gaps in wages.

The whole point of a minimum wage is that the cost of goods go up, but that those on the bottom can ultimately purchase more. Since wages don't go up proportionally (or at all) at higher income levels, their purchasing power goes down. If you implemented price controls to lock in product cost, those on the top would keep their purchasing power too.


originally posted by: VinylTyrant
a reply to: Aazadan

You haven't got a clue. People don't go to college to make burgerboy salary.

What are you talking about??


Sure they do. Plenty of people go to college and come out of it making 10-12/hour right now. You don't go to college to make money, that's a side effect of certain professions but the point of college, besides becoming a well rounded educated human being is to learn how to do the job you want to do. It's not about the money.

So again, what does it have to do with you, what an unskilled laborer makes? If you're jealous of that position, then go fill it. Otherwise, use your education to do what you want to do in life.
edit on 7-1-2017 by Aazadan because: (no reason given)



posted on Jan, 7 2017 @ 06:53 PM
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a reply to: Aazadan

Minimum wage positions don't deserve it, plain & simple.

When I was in high school, I worked duty free at JFK as a stockboy $5.50/hr. When I was in my early 20's I was a truck driver making $15/hr. The difference in the jobs was called for.

If you can't understand the difference in more important positions making more opposed to garbage socialist policies of mandated spreading of wealth to positions anyone can perform than I can't say much more to have you see a different perspective.

Fyi, making such low wages is part of the backstory to why I am doing so much better these days. I wouldn't trade my life for anything.

Raises for all!!!! Why should the lowest workers get a 1/3 raise???
Are you insane????
Sh#t, if I got a 1/3 raise I would make like90 /hr, I'm all for that.
edit on 7-1-2017 by VinylTyrant because: (no reason given)

edit on 7-1-2017 by VinylTyrant because: (no reason given)



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