pyccku
Pearl Clutcher
Posts: 2,817 
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Post by pyccku on Jul 7, 2014 12:57:39 GMT
You can wait for the pitchforks, or... link |
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grinningcat
Pearl Clutcher
Posts: 4,663
Jun 26, 2014 13:06:35 GMT
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Post by grinningcat on Jul 7, 2014 13:04:39 GMT
I read this last week. It's an interesting read from an interesting perspective.
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Post by seikashaven on Jul 7, 2014 13:12:31 GMT
I actually think it's a really interesting idea. Why SHOULD taxpayers make up the difference?
Thanks for sharing.
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SweetieBsMom
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Posts: 4,741
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Post by SweetieBsMom on Jul 7, 2014 13:17:20 GMT
I read this last week. It's an interesting read from an interesting perspective. I read this last week as well. I thought it was interesting. |
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moodyblue
Drama Llama
Posts: 6,254
Location: Western Illinois
Site Supporter
Jun 26, 2014 21:07:23 GMT
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Post by moodyblue on Jul 7, 2014 13:17:29 GMT
Lots to think about there. Interesting article!
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Post by Merge on Jul 7, 2014 13:23:49 GMT
It makes perfect sense to me.
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Post by DinCA on Jul 7, 2014 13:44:33 GMT
I also agree with the article. There's a fast-food chain here on the west coast called In-N-Out. It's privately owned and very successful. It pays their employees over $10-$12 an hour. Minimum wage in California just went up to $9 on July 1. The company has been paying their employees well over minimum wage for years and it hasn't hurt their business in the least.
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pyccku
Pearl Clutcher
Posts: 2,817
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Post by pyccku on Jul 7, 2014 13:53:13 GMT
I also agree with the article. There's a fast-food chain here on the west coast called In-N-Out. It's privately owned and very successful. It pays their employees over $10-$12 an hour. Minimum wage in California just went up to $9 on July 1. The company has been paying their employees well over minimum wage for years and it hasn't hurt their business in the least. From what I've heard about them, not only are they able to FIND employees, they are able to KEEP employees. The ones they hire seem to be happy and stay at the job, rather than looking for something else. I've worked in an environment where there was a lot of turnover, and the constant searching for new employees, hiring, and training of them only to be repeated every few months was a real PITA. I know it cost the company to do this, perhaps if they paid a good wage, it wouldn't have happened so often. I was the all-around "office assistant" who had been trained to do every single job in the office (except manager) so whenever I had to cover for someone who quit, I was taken away from the job I was supposed to do. There were very few days when I wasn't covering for someone or training a new someone. He's right though about the 'job creators' thing. Open a factory making widgets, and sure - you've created jobs. But with no market to BUY those widgets, your factory will close pretty quickly. |
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Post by greenlegume on Jul 7, 2014 13:56:29 GMT
I agree with him. TFS
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Post by Ellie on Jul 7, 2014 13:56:57 GMT
Lots of food for thought here. Thanks for sharing. P.S. This is a great example of what I would have missed if the NSBR went away forever. Articles/discussions that make me think and challenge assumptions I or other family/friends have. Thanks Peas or should I say Refupeas!  |
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Post by hop2 on Jul 7, 2014 14:39:17 GMT
I have no issue with what he is saying.
However, I don't want to be paying $10 for a cup of tea and $15 for a package of sausage, and $10 per small box of cereal I can not afford that. How exactly does he propose to 'get' his fellow rich peeps to take the $$ from their bottom line instead of mine. (and yes in and out is a good example, their prices are not outrageous at all comparatively and they seem to be making a profit as a company. Just not uber profits i guess? )
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Post by momofkandn on Jul 7, 2014 15:58:17 GMT
Very interesting viewpoint. Mostly I agree that the middle class has been squeezed economically both from lower wages and from taxes.
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MizIndependent
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Posts: 5,836
Jun 25, 2014 19:43:16 GMT
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Post by MizIndependent on Jul 7, 2014 16:37:58 GMT
I have no issue with what he is saying. However, I don't want to be paying $10 for a cup of tea and $15 for a package of sausage, and $10 per small box of cereal I can not afford that. How exactly does he propose to 'get' his fellow rich peeps to take the $$ from their bottom line instead of mine. (and yes in and out is a good example, their prices are not outrageous at all comparatively and they seem to be making a profit as a company. Just not uber profits i guess? ) That's rather the point though, if you're making two or three times what you're currently making, then paying $10 for a cup of tea you will be able to afford it if you want it. The idea that if they actually pay their workers, i.e. their consumer base, more makes perfect and total sense because if those people have more income, they have more room to spend. The real losers here will be the small business people though - they can't really afford to raise their pay rates and stay in business, so I predict an elitist corporatism in the future where we all work for a big corporate conglomerate making decent money but no more small business. It likely would still be very top-heavy income wise with the middle/lower class just barely making it. |
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linda
Shy Member
Posts: 29
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Post by linda on Jul 7, 2014 18:07:11 GMT
Thanks for sharing this. I have felt this way for a while. I am glad at least one of these ultra-rich guys gets it.
We are part of the struggling middle class. Our home has lost over 30% of it's value in the last several years. DH had a 15% pay cut this year. I have had my hours cut at work. Neither of us have had raises in years. We are facing major home repairs for the second year in a row. It is bad. We have no money to spend on extras. No vacations. It is rough and only going to get rougher until employers figure out what this guy has- you have to pay your employees if you want their business.
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Post by donna on Jul 7, 2014 18:35:16 GMT
Interesting article. It gave me some things to think about.
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Post by papersilly on Jul 7, 2014 19:36:11 GMT
interesting. I admit I agree with many of his points.
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mimima
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Stay Gold, Ponyboy
Posts: 5,073
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Post by mimima on Jul 7, 2014 21:58:03 GMT
Very interesting indeed, thank you.
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Post by jlynnbarth on Jul 8, 2014 0:00:19 GMT
So I agree it's an interesting article, but my sincere question is about those of us that make over the 15.00 minimum wage (using the Seattle example) but also work for a small buiness, (who is already paying us a decent wage compared to the already established minimum wage of 9.something in Washington state). The small business owner is not going to be able to hike us up the additional 6.00 an hour to keep us in line with the hike. So do small business owners just go out of business and leave all of us that work for them unemployed? Small business employs a lot of people in this nation. That's a lot of people unemployed. Big business can't make room for all of us that will be in this situation.
I guess I just don't see how this can work either. I am at a loss as to what will work across the board.
I think about all of it all the time. Am I missing a piece of the puzzle?
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Deleted
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Oct 6, 2024 15:27:28 GMT
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Post by Deleted on Jul 8, 2014 0:25:14 GMT
That's rather the point though, if you're making two or three times what you're currently making, then paying $10 for a cup of tea you will be able to afford it if you want it. The idea that if they actually pay their workers, i.e. their consumer base, more makes perfect and total sense because if those people have more income, they have more room to spend. If that's the case, then if they aren't making two or three times more and the cup of teas is not two or three times more, then you can still afford it if you want it. If their pay goes up and the cost of goods goes up, aren't we right back where we started? Only this time with small business completely pushed out of the picture? |
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MizIndependent
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Quit your bullpoop.
Posts: 5,836
Jun 25, 2014 19:43:16 GMT
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Post by MizIndependent on Jul 8, 2014 0:29:41 GMT
That's rather the point though, if you're making two or three times what you're currently making, then paying $10 for a cup of tea you will be able to afford it if you want it. The idea that if they actually pay their workers, i.e. their consumer base, more makes perfect and total sense because if those people have more income, they have more room to spend. If that's the case, then if they aren't making two or three times more and the cup of teas is not two or three times more, then you can still afford it if you want it. If their pay goes up and the cost of goods goes up, aren't we right back where we started? Only this time with small business completely pushed out of the picture? Yeah...which is why I also said, "The real losers here will be the small business people though - they can't really afford to raise their pay rates and stay in business, so I predict an elitist corporatism in the future where we all work for a big corporate conglomerate making decent money but no more small business. It likely would still be very top-heavy income wise with the middle/lower class just barely making it." |
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trollie
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Posts: 3,580
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Post by trollie on Jul 8, 2014 1:01:30 GMT
It makes perfect sense to me. Me too! I don't want to be rich. I just want to be able to support my family, live a nice life, have a modest home, take a week off annually to vacation and have a few extras and not worry about every. single. penny. That's truly all I want. Wealth is not about $$$ for me. It is about working hard, having a family and enjoying a few perks. |
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Post by Erica on Jul 8, 2014 1:10:27 GMT
I want to stay employed. I have been at my current job for three months now. In October my contract ends. Yes I knew this going in. But I needed the job three months ago and I will need a job in 3 months from now. I just don't know where to look for a permanent job. I'm at tbe point that I don't care what my hourly wage is. I just care about the paycheck.
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Post by DinCA on Jul 8, 2014 3:13:05 GMT
I have no issue with what he is saying. However, I don't want to be paying $10 for a cup of tea and $15 for a package of sausage, and $10 per small box of cereal I can not afford that. How exactly does he propose to 'get' his fellow rich peeps to take the $$ from their bottom line instead of mine. (and yes in and out is a good example, their prices are not outrageous at all comparatively and they seem to be making a profit as a company. Just not uber profits i guess? ) For a relatively small company, In-N-Out is making around $600 million a year. For a small family, that's a nice living. They also have high food costs because everything is fresh. His theory is that if you pay more, your employees will spend more, take less from government, all of which boost the economy for everyone. He is also warning the 1% if they don't start taking less of a profit, the bottom is going to fall out because the middle class is shrinking dramatically. |
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Post by DinCA on Jul 8, 2014 3:20:48 GMT
So I agree it's an interesting article, but my sincere question is about those of us that make over the 15.00 minimum wage (using the Seattle example) but also work for a small buiness, (who is already paying us a decent wage compared to the already established minimum wage of 9.something in Washington state). The small business owner is not going to be able to hike us up the additional 6.00 an hour to keep us in line with the hike. So do small business owners just go out of business and leave all of us that work for them unemployed? Small business employs a lot of people in this nation. That's a lot of people unemployed. Big business can't make room for all of us that will be in this situation. I guess I just don't see how this can work either. I am at a loss as to what will work across the board. I think about all of it all the time. Am I missing a piece of the puzzle? The missing piece of the puzzle is that he is encouraging the 1% to make less money. He is not proposing a rise in the cost of living. The small business owner would profit by an increase in business so they will be able to afford to pay their employees more. You're right, though, if the employer raises prices to compensate for the increase in wages, it won't work. Only an increase in sales will work. |
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