There are several factors involved in pricing products, Hondo. Hence, your question is as poorly presented as your previous writing attempts.
BTW, "skidmark" is way funnier than "shitstain," which I think you were trying for.
Disagree.
Nice non answer. For the record, shitstain and others have implied that the smart decision is to raise prices just because costs go up. And that's an effective pricing strategy.
There are several factors involved in pricing products, Hondo. Hence, your question is as poorly presented as your previous writing attempts.
BTW, "skidmark" is way funnier than "shitstain," which I think you were trying for.
Disagree.
Nice non answer. For the record, shitstain and others have implied that the smart decision is to raise prices just because costs go up. And that's an effective pricing strategy.
There are several factors involved in pricing products, Hondo. Hence, your question is as poorly presented as your previous writing attempts.
BTW, "skidmark" is way funnier than "shitstain," which I think you were trying for.
Disagree.
Nice non answer. For the record, shitstain and others have implied that the smart decision is to raise prices just because costs go up. And that's an effective pricing strategy.
The fallacy of the the $15 minimum wage (any minimum wage actually) is that it prices people who can only provide $14 worth of value out of the market entirely. The unseen victim in these transactions are the people who never were offered jobs who maintain an income of $0/hourly because they're priced out of the market relative to their labor value. If you were really concerned about the welfare of poor people you would be against the minimum wage altogether.
The fallacy of the the $15 minimum wage (any minimum wage actually) is that it prices people who can only provide $14 worth of value out of the market entirely. The unseen victim in these transactions are the people who never were offered jobs who maintain an income of $0/hourly because they're priced out of the market relative to their labor value. If you were really concerned about the welfare of poor people you would be against the minimum wage altogether.
Absolutely,
This kind of increase to minimum wage hurts more people than it actually helps.
People producing $15.00/hr of work at $10.00 an hour will no longer be underpaid, but people performing $10.00/hr work will be replaced by people performing $15.00/hr work. You basically price out the lower skilled worker. So now instead of making minimum wage, these guys make zero which then makes them higher recipients of welfare dollars.
People making $16.00-$20.00 will lose buying power
Social Security beneficiaries will also lose buying power, since they haven't seen an increase in benefits in over 3 years.
You'll actually see the opposite of what it's intention is supposed to be. You'll actually see an increase in poverty in general, and also an increase in the amount of severely impoverished.
The only true way of wealth growth is through job creation. 40% increase in minimum wage will actually take jobs away from the unskilled worker, which the minimum wage is supposed to protect.
The fallacy of the the $15 minimum wage (any minimum wage actually) is that it prices people who can only provide $14 worth of value out of the market entirely. The unseen victim in these transactions are the people who never were offered jobs who maintain an income of $0/hourly because they're priced out of the market relative to their labor value. If you were really concerned about the welfare of poor people you would be against the minimum wage altogether.
Absolutely,
This kind of increase to minimum wage hurts more people than it actually helps.
People producing $15.00/hr of work at $10.00 an hour will no longer be underpaid, but people performing $10.00/hr work will be replaced by people performing $15.00/hr work. You basically price out the lower skilled worker. So now instead of making minimum wage, these guys make zero which then makes them higher recipients of welfare dollars.
People making $16.00-$20.00 will lose buying power
Social Security beneficiaries will also lose buying power, since they haven't seen an increase in benefits in over 3 years.
You'll actually see the opposite of what it's intention is supposed to be. You'll actually see an increase in poverty in general, and also an increase in the amount of severely impoverished.
The only true way of wealth growth is through job creation. 40% increase in minimum wage will actually take jobs away from the unskilled worker, which the minimum wage is supposed to protect.
You do realize there's a long history of minimum wage hikes that basically makes everything you just stated false.
The fallacy of the the $15 minimum wage (any minimum wage actually) is that it prices people who can only provide $14 worth of value out of the market entirely. The unseen victim in these transactions are the people who never were offered jobs who maintain an income of $0/hourly because they're priced out of the market relative to their labor value. If you were really concerned about the welfare of poor people you would be against the minimum wage altogether.
Absolutely,
This kind of increase to minimum wage hurts more people than it actually helps.
People producing $15.00/hr of work at $10.00 an hour will no longer be underpaid, but people performing $10.00/hr work will be replaced by people performing $15.00/hr work. You basically price out the lower skilled worker. So now instead of making minimum wage, these guys make zero which then makes them higher recipients of welfare dollars.
People making $16.00-$20.00 will lose buying power
Social Security beneficiaries will also lose buying power, since they haven't seen an increase in benefits in over 3 years.
You'll actually see the opposite of what it's intention is supposed to be. You'll actually see an increase in poverty in general, and also an increase in the amount of severely impoverished.
The only true way of wealth growth is through job creation. 40% increase in minimum wage will actually take jobs away from the unskilled worker, which the minimum wage is supposed to protect.
You do realize there's a long history of minimum wage hikes that basically makes everything you just stated false.
HTH
We've also never seen an increase of this size before. You can increase minimum wage to keep up with inflation, but to increase it by 40%-60% within 3 years is dangerous. In the Portland area it's going from $9.50 to $14.75.
There are several factors involved in pricing products, Hondo. Hence, your question is as poorly presented as your previous writing attempts.
BTW, "skidmark" is way funnier than "shitstain," which I think you were trying for.
Disagree.
Nice non answer. For the record, shitstain and others have implied that the smart decision is to raise prices just because costs go up. And that's an effective pricing strategy.
Nice non answer as always.
You answered it yourself, I bolded it, and there it stands. Another Hondo classic.
Nice non answer. For the record, shitstain and others have implied that the smart decision is to raise prices just because costs go up. And that's an effective pricing strategy.
The fallacy of the the $15 minimum wage (any minimum wage actually) is that it prices people who can only provide $14 worth of value out of the market entirely. The unseen victim in these transactions are the people who never were offered jobs who maintain an income of $0/hourly because they're priced out of the market relative to their labor value. If you were really concerned about the welfare of poor people you would be against the minimum wage altogether.
Absolutely,
This kind of increase to minimum wage hurts more people than it actually helps.
People producing $15.00/hr of work at $10.00 an hour will no longer be underpaid, but people performing $10.00/hr work will be replaced by people performing $15.00/hr work. You basically price out the lower skilled worker. So now instead of making minimum wage, these guys make zero which then makes them higher recipients of welfare dollars.
People making $16.00-$20.00 will lose buying power
Social Security beneficiaries will also lose buying power, since they haven't seen an increase in benefits in over 3 years.
You'll actually see the opposite of what it's intention is supposed to be. You'll actually see an increase in poverty in general, and also an increase in the amount of severely impoverished.
The only true way of wealth growth is through job creation. 40% increase in minimum wage will actually take jobs away from the unskilled worker, which the minimum wage is supposed to protect.
You do realize there's a long history of minimum wage hikes that basically makes everything you just stated false.
HTH
28 years ago, when I entered the work force minimum wage was $3.75 an hour.
Min wage in Australia is $15 or $16 an hour. Their economy is fine.
It actually is higher than that.
However, what you fail to mention ... teenagers are paid much less. McDonald's pays kids the equivalent of $8 an hour to teenagers.
In addition the cost of the food is much higher than it is in the United States, about 17%.
I do believe an economy can absorb these higher wages. However, it will come at a cost. It will either drive prices up ... negating the increase in pay ... or it will eliminate jobs.
The fallacy of the the $15 minimum wage (any minimum wage actually) is that it prices people who can only provide $14 worth of value out of the market entirely. The unseen victim in these transactions are the people who never were offered jobs who maintain an income of $0/hourly because they're priced out of the market relative to their labor value. If you were really concerned about the welfare of poor people you would be against the minimum wage altogether.
Absolutely,
This kind of increase to minimum wage hurts more people than it actually helps.
People producing $15.00/hr of work at $10.00 an hour will no longer be underpaid, but people performing $10.00/hr work will be replaced by people performing $15.00/hr work. You basically price out the lower skilled worker. So now instead of making minimum wage, these guys make zero which then makes them higher recipients of welfare dollars.
People making $16.00-$20.00 will lose buying power
Social Security beneficiaries will also lose buying power, since they haven't seen an increase in benefits in over 3 years.
You'll actually see the opposite of what it's intention is supposed to be. You'll actually see an increase in poverty in general, and also an increase in the amount of severely impoverished.
The only true way of wealth growth is through job creation. 40% increase in minimum wage will actually take jobs away from the unskilled worker, which the minimum wage is supposed to protect.
You do realize there's a long history of minimum wage hikes that basically makes everything you just stated false.
HTH
28 years ago, when I entered the work force minimum wage was $3.75 an hour.
Comments
Is English your second language? Or are you just a shitty writer?
BTW, "skidmark" is way funnier than "shitstain," which I think you were trying for.
Nice non answer. For the record, shitstain and others have implied that the smart decision is to raise prices just because costs go up. And that's an effective pricing strategy.
This kind of increase to minimum wage hurts more people than it actually helps.
People producing $15.00/hr of work at $10.00 an hour will no longer be underpaid, but people performing $10.00/hr work will be replaced by people performing $15.00/hr work. You basically price out the lower skilled worker. So now instead of making minimum wage, these guys make zero which then makes them higher recipients of welfare dollars.
People making $16.00-$20.00 will lose buying power
Social Security beneficiaries will also lose buying power, since they haven't seen an increase in benefits in over 3 years.
You'll actually see the opposite of what it's intention is supposed to be. You'll actually see an increase in poverty in general, and also an increase in the amount of severely impoverished.
The only true way of wealth growth is through job creation. 40% increase in minimum wage will actually take jobs away from the unskilled worker, which the minimum wage is supposed to protect.
HTH
right?
However, what you fail to mention ... teenagers are paid much less. McDonald's pays kids the equivalent of $8 an hour to teenagers.
In addition the cost of the food is much higher than it is in the United States, about 17%.
I do believe an economy can absorb these higher wages. However, it will come at a cost. It will either drive prices up ... negating the increase in pay ... or it will eliminate jobs.