Yup....Wanna solve unemployment....make the minimum wage $50/hr...2 days after the unemployment rate will be negligible...4 days after..Oh hell..it was nice while it lasted!
How many businesses has Cyril run?
Bump
They are looking into the possibility that they will soon be able to redistribute their new found wealth.
har,har,har
horse crap article with no educational information. just a bunch of authoritarian statements of demand for proof to the contrary.
point is, any business, including government, is liable to end up making less money than labor itself once a wage is fixed, because a business’ own “wage” or revenue varies.
This is utter communist hypocrisy promise.
They are living up to their Communist past.
Your cell phone—mandatory in this day and age—will cost about $50 …LOL “mandatory”. Sure, so the secret police can track your every move, eh?
I’m sure Voice of Russia only has our best interests in mind
btw what’s their take on the MH17 crash lol
Who are you going to believe, Me... or your lying eyes?
Common sense and reality are not traits of the leftists. They are like children living with their parents writing books on how to be a millionaire. They have no credibility or believability.
Establishing a minimum wage does nothing more than devalue the basic increment coin of the realm for example the penny and moves that value on to the next increment in our case the nickle. As those minimums increases continue that policy devalues the coin’s of any realm worth furthur. Meaning in our case the dollar until it’s worth nothing.
Which is why we’re paying a $1.00 for what was once upon a time a 5 cent candy bar.
Establishing a minimum wage does nothing more than devalue the basic increment coin of the realm for example the penny and moves that value on to the next increment in our case the nickle. As those minimums increases continue that policy devalues the coin’s of any realm worth furthur. Meaning in our case the dollar until it’s worth nothing.
Which is why we’re paying a $1.00 for what was once upon a time a 5 cent candy bar.
And the retired cittizens grow poorer as the cost of living steepens because of the increase of the cost of essentials made by the entry-level workers.
Voice of Russia?
Wow...at $15 per hour, that’s our whole service rate.
Prices would have to go up significantly just to cover paying the employer half of the SS, make sufficient money to pay for worker compensation coverage, and 0bamacare!
I really want to start including with every paycheck the amount of ‘extras’ we have to pay ...just to employ someone! You know, that stuff the hourly person never considered part of his GROSS benefit of working here.
Just like most people don’t realize how much they pay in taxes...they often don’t understand their full compensation either.
“It is much better to enact a minimum-wage law even if it deprives these unfortunates of work… better that the state should support the inefficient wholly and prevent the multiplication of the breed than subsidize incompetence and unthrift, enabling them to bring forth more of their kind.”
Royal Meeker, U.S. Commissioner of Labor, under Woodrow Wilson.
Minimum wage jobs were never meant to be jobs held by adults for their entire life. Those jobs are mostly for young people starting out (hamburger flippers, ice-cream scoopers, doughnut venders).
If you raise the wage for those jobs, then the business owner will need to raise the price of the product and service. How much are you willing to pay for a scoop of ice cream or a doughnut? Eventually, these businesses will no longer exist.
Big supporters of Castro and Hugo Chavez.
If increasing the minimum wage does not cost jobs, there is no reason for the minimum wage to be so low. If everything improves by increasing the minimum wage, it ought to be set at $100,000 per year, so everybody is comfortable. Anything less means proponents of an $11/hr minimum wage want people living on the margins.