Is US Minimum Wage really $7.25?

If you raise minimum wage, the company has to bear the burden of that cost. They surely are not going to pass that burden onto their shareholders or ceo, so where does it go? It is applied to their product, thereby driving up prices for the consumer whose minimum wage raise has now been made void by..well, their minimum wage raise.

Originally posted by nightbringr

Originally posted by AwakeinNM
Judge a book by its cover, you couldn't be any more prejudiced.

Obama is a socialist, he wants everyone to be "equal" like the borg. How is that even remotely arguable? I get positive comments through U2U all the time.

Cheers.

Erm, was actually talking about the OP you responded to in that particular post. Even his avatar was a troll. Wasnt talking about Obama at all.

Oh, I was so busy defending myself from imbeciles who know nothing about business or economics, but pretend they do by repeating phrases they heard on TV like "evil corporations" that I missed that. Apologies.

Originally posted by d1g1talgangster
If you raise minimum wage, the company has to bear the burden of that cost. They surely are not going to pass that burden onto their shareholders or ceo, so where does it go? It is applied to their product, thereby driving up prices for the consumer whose minimum wage raise has now been made void by..well, their minimum wage raise.

Ha, I tried telling these morons that before, but it is just too far over their heads.

Evil corporations!

Cut housing costs!

More money for poor people!

Gawd.

Text Ha, I tried telling these morons that before, but it is just too far over their heads.

reply to post by AwakeinNM


Consumer rights will ensure the costs are not passed on to the consumer moron.

Originally posted by AwakeinNM

Originally posted by nightbringr

Originally posted by AwakeinNM
Judge a book by its cover, you couldn't be any more prejudiced.

Obama is a socialist, he wants everyone to be "equal" like the borg. How is that even remotely arguable? I get positive comments through U2U all the time.

Cheers.

Erm, was actually talking about the OP you responded to in that particular post. Even his avatar was a troll. Wasnt talking about Obama at all.

Oh, I was so busy defending myself from imbeciles who know nothing about business or economics, but pretend they do by repeating phrases they heard on TV like "evil corporations" that I missed that. Apologies.

You get alot wrong dont you?

reply to post by theovermensch


Please explain that in detail for everybody.

As a person that gets to decide what our prices to the consumer are, I can tell you this:

Unless I am already at the absolute maximum price that the market can bare (which is rare unless you have a monopoly), the added labour costs will most definitely be added to the consumer price.

The last thing that will ever be attacked is my employer's margins.

Originally posted by theovermensch

Text Ha, I tried telling these morons that before, but it is just too far over their heads.

reply to post by AwakeinNM

 

Consumer rights will ensure the costs are not passed on to the consumer moron.

LOL!!!!! Consumer rights? From where? From which big government agency are consumer prices regulated??

I just raised prices at my business. I didn't get any memo from any agency or consumer rights office anywhere. Do you know what dictated my price increase? THE MARKET. More specifically, my RISING WHOLESALE COSTS. I passed them right on to my customer because you know why, genius? If I didn't, my 9 employees would be out of a job, genius. Because my profit margin had shrunk to ZERO, genius. You know what that evil phrase "profit margin" is, genius?? It is what *I* make from MY business INSTEAD of a wage or a salary. It was ZERO. So, let me help you figure this out, einstein - My employees are getting paid, but I am NOT getting paid. Understand? So guess what, genius, I raised my prices so that I could feed my kids and pay my mortgage. I guess that makes me an "evil business owner" in your eyes.

YOU. DO. NOT. KNOW. SH!T.

Now go read a book that's not written by Karl Marx.

reply to post by peck420


It would only apply to those corporations that had a market share that was the equivalent to a monopoly. In addition to ensuring fair profit margins from these corpoations we should make steps to reduce and limit the market share of monopolies like Walmart.

I assume you dont own a corporation so it would not affect you unless you are a shareholder.

reply to post by AwakeinNM

Text You can screw yourself genius, because YOU. DO. NOT. KNOW. SH!T.

Back at you traitor.

Stop complaining and get back to work.

Text I just raised prices at my business. I didn't get any memo from any agency or consumer rights office anywhere. Do you know what dictated my price increase?

reply to post by AwakeinNM


I have run a small business myself moron. We need to push for these things and make them election issues instead of being defeatist traitors.
And like I just said,it wouldnt apply to small business.

Originally posted by KJV1611
Not sure if it was posted yet, since there are so many useless comments not attempting to answer the question at all...but, our minimum wage is tied directly into the bargaining agreements with Unions. So if the minimum wage goes up, so does all the wages for anyone in a union....which is over half or more of the work force in America.

And you can thank Liberal Democrats and their union ties for that. Keeping the poor as a slave voting class.

You might want to check your facts.

In 2010, total labor union density (the percentage of workers—both public and private—belonging to a labor union) was 11.4% in the United States. For comparison, it was 18.6% in Germany, 27.5% in Canada, and 70% in Finland.[1] Union membership in the private sector has in recent years fallen under 9% — levels not seen since 1932. Unions allege that employer-incited opposition has contributed to this decline in membership.

en.wikipedia.org...

Originally posted by theovermensch
reply to post by AwakeinNM

 

Text You can screw yourself genius, because YOU. DO. NOT. KNOW. SH!T.

Back at you traitor.

Stop complaining and get back to work.

Okay, then. I am going to close my business and put 9 more people on the unemployment line. SInce I am a traitor by being an employer and paying them above minimum wage at my OWN expense.

And to remind you, I am unemployed, mostly because your president Obama is a socialist who is destroying this country. Thanks to people like you.

reply to post by AshleyD


Wow! Are you referring to Williston, North Dakota? I'm thinking of heading out there next spring.

reply to post by AwakeinNM

Text Okay, then. I am going to close my business and put 9 more people on the unemployment line.

You are a traitor to your fellow workers. Do you think owning a small business means you are not a worker? I know from owning one that it never ends.There is always something.And the government makes things harder with taxes and regulations. So you are a worker.
We workers have rights because of unions. You are right to be angry at Obama but dont be fooled by the 'conservatives' The rebublicans are duopoly.They are the same. We all need to turn our backs on them because they dont listen and dont care. Republicans will smash the unions and turn everything private. They are not for the worker. The Democrats are worse. They are not for the worker.

We shouldnt fight amongst ourselves because we need to unite against the corporatists.

Originally posted by theovermensch
reply to post by peck420

 

It would only apply to those corporations that had a market share that was the equivalent to a monopoly. In addition to ensuring fair profit margins from these corpoations we should make steps to reduce and limit the market share of monopolies like Walmart.

Who gets to determine fair? You? The corporation's peers? The government?

Also, can you define monopoly and how Walmart is one?

I assume you dont own a corporation so it would not affect you unless you are a shareholder.

I am a shareholder in multiple corporations. I get paid dividends based on profits not revenues. I am not concerned with what the minimum wage is, or what percentage of the product is labour, etc. I only care about one thing, profits and how much come to me.

reply to post by ldyserenity


Wow a whole culture with the poor me syndrome... Maybe you take a leaf from the British. Sitff upper lip, some manors and a cup of tea...

i live in aus, im on 33 an hour + penalties
trade qualified
still cant save money tho

Text I only care about one thing, profits and how much come to me.

reply to post by peck420


That is the problem.

reply to post by theovermensch


Why is that a problem?

Is not stating that the worker deserves more the same?

Why is greed acceptable if it is from 'the worker', 'the poor', etc, but not tolerable when it is from a person well off?

Greed is greed, is it not?

Text Also, can you define monopoly and how Walmart is one?

reply to post by peck420


Are you kidding? Walmart is responsible for you losing most of your manufacturing. They have a disproportionate market share. They can monopolize and dominate markets and often pay little or no tax.It makes it too hard for small business. Is also leaves the consumer beholden and at the mercy of corporations.

A good example here in Australia is the Qantas dispute. They grounded their entire fleet leaving passangers stranded and hurting the Australian economy. They did this to break union action and force arbitration.They have a 65% share of the Australian market.I say how dare they.

Now why should we allow a corporation to have a domestic market share of 65%? It hurts competition and it allows the corporations too much power over the consumer and over the citizens within the nation the corporation operates.And too much power over a nations economy in some cases.

We have a new political party here in Australia and one of the major things they are pushing for is to limit market shares of corporations.Corporations are monopolizing everything. Everything is geared to helping the corporations and make it harder for small business. We shouldnt have allowed corporations to have so much power over us. Reducing their power should be a priority.Reducing coporate power should be an election issue, OWS is trying their hardest to make it an issue.