Post: #201

Top three myths conservatives use to oppose increasing the minimum wage:

http://thinkprogress.org/economy/2012/07...imum-wage/

Post: #202

Well it'll probably end up in the courts one day. So we shall see.

But for now I'm morally obligated to take sides with labor over corporations.

Post: #203

(09-01-2013 03:13 PM)The Texas Prophet Wrote:  Top three myths conservatives use to oppose increasing the minimum wage:

http://thinkprogress.org/economy/2012/07...imum-wage/

You cited a website called "think progress"?

How are we supposed to take that seriously? Their agenda is to promote progressive ideology. We might as well see what the ladies over at Jezebel think.

Post: #204

(09-01-2013 03:14 PM)Parlay44 Wrote:  Well it'll probably end up in the courts one day. So we shall see.

But for now I'm morally obligated to take sides with labor over corporations.

I can understand your moral dilemma but that's not what the argument is about. Read Economics In One Lesson by Henry Hazlitt for examples of unintended consequences of government policies.

Post: #205

(09-01-2013 04:28 PM)Gopher Wrote:  

(09-01-2013 03:13 PM)The Texas Prophet Wrote:  Top three myths conservatives use to oppose increasing the minimum wage:

http://thinkprogress.org/economy/2012/07...imum-wage/

You cited a website called "think progress"?

How are we supposed to take that seriously? Their agenda is to promote progressive ideology. We might as well see what the ladies over at Jezebel think.

Who cares what website I cite? The article has its own sources cited. The truth is the truth no matter where it is cited.

There isn't much evidence that modest increases in the minimum wage cause mass unemployment like the corporate stooges claim. The fact is inflation eats away at a minimum wage over time, and so it has to be raised in order to just keep up with inflation.

Post: #206

(09-01-2013 03:13 PM)The Texas Prophet Wrote:  Top three myths conservatives use to oppose increasing the minimum wage:

http://thinkprogress.org/economy/2012/07...imum-wage/

I'm not going to read some anti-male liberal propaganda. How can you discover a site this GREAT and then want anti-male laws?

Post: #207

(09-01-2013 04:47 PM)The Texas Prophet Wrote:  

(09-01-2013 04:28 PM)Gopher Wrote:  

(09-01-2013 03:13 PM)The Texas Prophet Wrote:  Top three myths conservatives use to oppose increasing the minimum wage:

http://thinkprogress.org/economy/2012/07...imum-wage/

You cited a website called "think progress"?

How are we supposed to take that seriously? Their agenda is to promote progressive ideology. We might as well see what the ladies over at Jezebel think.

Who cares what website I cite? The article has its own sources cited. The truth is the truth no matter where it is cited.

There isn't much evidence that modest increases in the minimum wage cause mass unemployment like the corporate stooges claim. The fact is inflation eats away at a minimum wage over time, and so it has to be raised in order to just keep up with inflation.

Every single time min wage is increased those who make minimum wage have unemployment spikes that take years to recover from. Then once prices of goods go up and companies can hire min wage workers again, things just go back to where they were.

Except the hard workers in the middle class who got educated and worked their asses off to go up the ladder see their net income decrease.

It is anti-male/anti-family, women only first class citizen thinking.

Post: #208

(09-01-2013 05:14 PM)It_is_my_time Wrote:  

(09-01-2013 03:13 PM)The Texas Prophet Wrote:  Top three myths conservatives use to oppose increasing the minimum wage:

http://thinkprogress.org/economy/2012/07...imum-wage/

I'm not going to read some anti-male liberal propaganda. How can you discover a site this GREAT and then want anti-male laws?

The sense of entitlement, laziness, lack of work ethic or ethics in general, useless education, and social mindset are being instilled in both sexes in the newer generation. For every woman that wants something for nothing and plays the victim, I can produce one male.

This isn't a gender problem, but a social one.

Post: #209

(09-01-2013 05:35 PM)Aliblahba Wrote:  

(09-01-2013 05:14 PM)It_is_my_time Wrote:  

(09-01-2013 03:13 PM)The Texas Prophet Wrote:  Top three myths conservatives use to oppose increasing the minimum wage:

http://thinkprogress.org/economy/2012/07...imum-wage/

I'm not going to read some anti-male liberal propaganda. How can you discover a site this GREAT and then want anti-male laws?

The sense of entitlement, laziness, lack of work ethic or ethics in general, useless education, and social mindset are being instilled in both sexes in the newer generation. For every woman that wants something for nothing and plays the victim, I can produce one male.

This isn't a gender problem, but a social one.

Not true. While more and more young men behave like young women, with the entitlement mentality, probably due to more and more single mom households, the number of entitled young women still GREATLY out weights entitled young men.

Simply because young men can't cry or whine their way through life. And if they try there is someone to smack them down, whether in a fight, in a sporting event, or at a job where men are still expected to work hard.

Post: #210

(09-01-2013 05:16 PM)It_is_my_time Wrote:  

(09-01-2013 04:47 PM)The Texas Prophet Wrote:  

(09-01-2013 04:28 PM)Gopher Wrote:  

(09-01-2013 03:13 PM)The Texas Prophet Wrote:  Top three myths conservatives use to oppose increasing the minimum wage:

http://thinkprogress.org/economy/2012/07...imum-wage/

You cited a website called "think progress"?

How are we supposed to take that seriously? Their agenda is to promote progressive ideology. We might as well see what the ladies over at Jezebel think.

Who cares what website I cite? The article has its own sources cited. The truth is the truth no matter where it is cited.

There isn't much evidence that modest increases in the minimum wage cause mass unemployment like the corporate stooges claim. The fact is inflation eats away at a minimum wage over time, and so it has to be raised in order to just keep up with inflation.

Every single time min wage is increased those who make minimum wage have unemployment spikes that take years to recover from. Then once prices of goods go up and companies can hire min wage workers again, things just go back to where they were.

Except the hard workers in the middle class who got educated and worked their asses off to go up the ladder see their net income decrease.

It is anti-male/anti-family, women only first class citizen thinking.

You are making up your own facts.

Here are some real facts:

The Facts on Raising the Minimum Wage When Unemployment Is High

http://www.americanprogressaction.org/is...is-high-2/

Post: #211

(09-01-2013 06:41 PM)The Texas Prophet Wrote:  

(09-01-2013 05:16 PM)It_is_my_time Wrote:  

(09-01-2013 04:47 PM)The Texas Prophet Wrote:  

(09-01-2013 04:28 PM)Gopher Wrote:  

(09-01-2013 03:13 PM)The Texas Prophet Wrote:  Top three myths conservatives use to oppose increasing the minimum wage:

http://thinkprogress.org/economy/2012/07...imum-wage/

You cited a website called "think progress"?

How are we supposed to take that seriously? Their agenda is to promote progressive ideology. We might as well see what the ladies over at Jezebel think.

Who cares what website I cite? The article has its own sources cited. The truth is the truth no matter where it is cited.

There isn't much evidence that modest increases in the minimum wage cause mass unemployment like the corporate stooges claim. The fact is inflation eats away at a minimum wage over time, and so it has to be raised in order to just keep up with inflation.

Every single time min wage is increased those who make minimum wage have unemployment spikes that take years to recover from. Then once prices of goods go up and companies can hire min wage workers again, things just go back to where they were.

Except the hard workers in the middle class who got educated and worked their asses off to go up the ladder see their net income decrease.

It is anti-male/anti-family, women only first class citizen thinking.

You are making up your own facts.

Here are some real facts:

The Facts on Raising the Minimum Wage When Unemployment Is High

http://www.americanprogressaction.org/is...is-high-2/

Not at all. They gave the numbers on the radio on Friday morning on my drive to work. Every time the min wage is raised unemployment of those jobs goes up. It is pretty common sense that would happen.

As companies recover these loses by increasing prices, they can again afford to hire these workers back. So in the end, as with ALL failure socialist programs, the middle class gets burned.

I don't know why you are promoting women first, men 2nd class citizen socialism when you are lucky enough to discover this site.

Post: #212

(09-01-2013 06:51 PM)It_is_my_time Wrote:  

(09-01-2013 06:41 PM)The Texas Prophet Wrote:  

(09-01-2013 05:16 PM)It_is_my_time Wrote:  

(09-01-2013 04:47 PM)The Texas Prophet Wrote:  

(09-01-2013 04:28 PM)Gopher Wrote:  You cited a website called "think progress"?

How are we supposed to take that seriously? Their agenda is to promote progressive ideology. We might as well see what the ladies over at Jezebel think.

Who cares what website I cite? The article has its own sources cited. The truth is the truth no matter where it is cited.

There isn't much evidence that modest increases in the minimum wage cause mass unemployment like the corporate stooges claim. The fact is inflation eats away at a minimum wage over time, and so it has to be raised in order to just keep up with inflation.

Every single time min wage is increased those who make minimum wage have unemployment spikes that take years to recover from. Then once prices of goods go up and companies can hire min wage workers again, things just go back to where they were.

Except the hard workers in the middle class who got educated and worked their asses off to go up the ladder see their net income decrease.

It is anti-male/anti-family, women only first class citizen thinking.

You are making up your own facts.

Here are some real facts:

The Facts on Raising the Minimum Wage When Unemployment Is High

http://www.americanprogressaction.org/is...is-high-2/

Not at all. They gave the numbers on the radio on Friday morning on my drive to work. Every time the min wage is raised unemployment of those jobs goes up. It is pretty common sense that would happen.

As companies recover these loses by increasing prices, they can again afford to hire these workers back. So in the end, as with ALL failure socialist programs, the middle class gets burned.

I don't know why you are promoting women first, men 2nd class citizen socialism when you are lucky enough to discover this site.

What radio show?

You can look up the studies in the link I provided.

You seem to forget that an increase in the minimum wage INCREASES the purchasing power of min wage workers. Corporate stooges like yourself only look at how a higher minimum wage affects employers, without taking into account that it also increases purchasing power of consumers who earn min wages, which creates more demand for goods and services.

Post: #213

(09-01-2013 07:03 PM)The Texas Prophet Wrote:  

(09-01-2013 06:51 PM)It_is_my_time Wrote:  

(09-01-2013 06:41 PM)The Texas Prophet Wrote:  

(09-01-2013 05:16 PM)It_is_my_time Wrote:  

(09-01-2013 04:47 PM)The Texas Prophet Wrote:  Who cares what website I cite? The article has its own sources cited. The truth is the truth no matter where it is cited.

There isn't much evidence that modest increases in the minimum wage cause mass unemployment like the corporate stooges claim. The fact is inflation eats away at a minimum wage over time, and so it has to be raised in order to just keep up with inflation.

Every single time min wage is increased those who make minimum wage have unemployment spikes that take years to recover from. Then once prices of goods go up and companies can hire min wage workers again, things just go back to where they were.

Except the hard workers in the middle class who got educated and worked their asses off to go up the ladder see their net income decrease.

It is anti-male/anti-family, women only first class citizen thinking.

You are making up your own facts.

Here are some real facts:

The Facts on Raising the Minimum Wage When Unemployment Is High

http://www.americanprogressaction.org/is...is-high-2/

Not at all. They gave the numbers on the radio on Friday morning on my drive to work. Every time the min wage is raised unemployment of those jobs goes up. It is pretty common sense that would happen.

As companies recover these loses by increasing prices, they can again afford to hire these workers back. So in the end, as with ALL failure socialist programs, the middle class gets burned.

I don't know why you are promoting women first, men 2nd class citizen socialism when you are lucky enough to discover this site.

What radio show?

You can look up the studies in the link I provided.

You seem to forget that an increase in the minimum wage INCREASES the purchasing power of min wage workers. Corporate stooges like yourself only look at how a higher minimum wage affects employers, without taking into account that it also increases purchasing power of consumers who earn min wages, which creates more demand for goods and services.

It has been posted here over and over showing this is not the case.

I just don't understand why a man lucky enough to come across this wonderful website would support anti-male socialism.

Post: #214

(09-01-2013 07:08 PM)It_is_my_time Wrote:  

(09-01-2013 07:03 PM)The Texas Prophet Wrote:  

(09-01-2013 06:51 PM)It_is_my_time Wrote:  

(09-01-2013 06:41 PM)The Texas Prophet Wrote:  

(09-01-2013 05:16 PM)It_is_my_time Wrote:  Every single time min wage is increased those who make minimum wage have unemployment spikes that take years to recover from. Then once prices of goods go up and companies can hire min wage workers again, things just go back to where they were.

Except the hard workers in the middle class who got educated and worked their asses off to go up the ladder see their net income decrease.

It is anti-male/anti-family, women only first class citizen thinking.

You are making up your own facts.

Here are some real facts:

The Facts on Raising the Minimum Wage When Unemployment Is High

http://www.americanprogressaction.org/is...is-high-2/

Not at all. They gave the numbers on the radio on Friday morning on my drive to work. Every time the min wage is raised unemployment of those jobs goes up. It is pretty common sense that would happen.

As companies recover these loses by increasing prices, they can again afford to hire these workers back. So in the end, as with ALL failure socialist programs, the middle class gets burned.

I don't know why you are promoting women first, men 2nd class citizen socialism when you are lucky enough to discover this site.

What radio show?

You can look up the studies in the link I provided.

You seem to forget that an increase in the minimum wage INCREASES the purchasing power of min wage workers. Corporate stooges like yourself only look at how a higher minimum wage affects employers, without taking into account that it also increases purchasing power of consumers who earn min wages, which creates more demand for goods and services.

It has been posted here over and over showing this is not the case.

I just don't understand why a man lucky enough to come across this wonderful website would support anti-male socialism.

Nothing has been shown. I post links to studies, and corporate stooges such as yourself pontificate about your own theories that haven't been shown to work in reality.

We already have a minimum wage and we have raised it over and over again for decades to take into account the rising cost of living due to inflation.

I don't see the point of continuing a conversation with you if you are going to ignore facts and throw around words like "socialism" when we don't live in a free market economy to begin with. We live in a mixed economy and have so for a long time. Get that through your thick head.

Post: #215

Yes, we live in a mixed economy. And it keeps moving further and further to the left and it keeps getting worse and worse. Soon we will end up like Greece, and if we don't stop there, then like Cuba.

Post: #216

^^^Exactly. Just look what happened in Williston, N.D. Why are they paying $8 for a jar of peanut butter? $1K for a room in a 3 bedroom apt? High wages=high purchasing power=high prices. This is the most simple economics that I learned in junior high.

Prices stay low because of lower wages. What makes America great is we have the opportunity rise above minimum wages and achieve a better quality of life. When the floor is raised, it becomes harder.

Now, does the minimum wage employees deserve more?


High school dropout mom with 2 kids?
Child molester?
Meth dealer?
Rapist?
Burgler?
Drug addict?
The obese?
General fucking idiots?

This is a big part of the demographic earning minimum wage. Don't rely on a study. Tomorrow hit up 5 fast food restaurants and see for yourself. If someone is on the thread complaining b/c they are making min. wage, look around at who your working with. Your goal should be to rise above that, not bring them with you.

Post: #217

(09-01-2013 07:08 PM)It_is_my_time Wrote:  I just don't understand why a man lucky enough to come across this wonderful website would support anti-male socialism.

Piss-poor tactic you used here and highly transparent. Texas Prophet drops you a link with numerous case studies and you reply with this? Fail.

Post: #218

(09-01-2013 07:25 PM)thedude3737 Wrote:  

(09-01-2013 07:08 PM)It_is_my_time Wrote:  I just don't understand why a man lucky enough to come across this wonderful website would support anti-male socialism.

Piss-poor tactic you used here and highly transparent. Texas Prophet drops you a link with numerous case studies and you reply with this? Fail.

Because it is a "study" from a liberal propaganda website. It is all BS. I've been out of college 13 years, and I trade money early in the mornings. I have to understand economics, plus it is a great interest to me.

It is nonsense. But what surprises me is that someone comes to this great website that talks about avoiding many women in the USA. Yet the reason the women are so bad here is the socialist big brother govt that provides everything for them, and someone here wants MORE of that.

Post: #219

(09-01-2013 07:21 PM)Aliblahba Wrote:  ^^^Exactly. Just look what happened in Williston, N.D. Why are they paying $8 for a jar of peanut butter? $1K for a room in a 3 bedroom apt? High wages=high purchasing power=high prices. This is the most simple economics that I learned in junior high.

Prices stay low because of lower wages. What makes America great is we have the opportunity rise above minimum wages and achieve a better quality of life. When the floor is raised, it becomes harder.

Now, does the minimum wage employees deserve more?


High school dropout mom with 2 kids?
Child molester?
Meth dealer?
Rapist?
Burgler?
Drug addict?
The obese?
General fucking idiots?

This is a big part of the demographic earning minimum wage. Don't rely on a study. Tomorrow hit up 5 fast food restaurants and see for yourself. If someone is on the thread complaining b/c they are making min. wage, look around at who your working with. Your goal should be to rise above that, not bring them with you.

Raising the minimum wage only affects min wage workers, so it doesn't have the same effect as raising everyone's wages (like in ND). That is why it is not as cut and dry as some on here would think. Thus, we have to rely on studies because otherwise all we are we are left with are anecdotes. Anecdotes don't mean much since we can always cherry pick a few to focus on.

Also, just because I support increasing the minimum wage, doesn't mean I support raising it all the way up to $15/hr. Realistically, the minimum wage only gets raised a bit every several years. The next time it is raised it will probably only be raised to $9/hr or $10/hr.

As for working min wage: I used to work min wage back in high school and it was low even back then. I don't work at minimum wage anymore, but there isn't much social mobility in this society anymore, so people can easily get stuck working at or near minimum wage for a long time nowadays.

A society that has low social mobility and high wealth gaps is ripe for problems since one day the working poor realize there are a lot more of them then there are of the well off, and so they decide to have a "Red October" type revolution.

Post: #220

While I understand the logic of increasing the purchasing power of the lower class, I think that too might be an outdated concept. Are lower class citizens making purchases that really drive the economy? I'd wager that even if they can't afford certain luxuries and goods, they buy them anyway with the availability of bad credit since they feel entitled to those goods. Then they're dropping way too much of their income on paying off finance charges which goes directly to banks, so....

...maybe if they had more money they'd be in less debt and banks wouldn't be running with their cash? At that point I think it's all too theoretical.

Then you've got migrant labor sending a shitload of their surplus cash home. If you increase their wages, that money doesn't recirculate into the American economy. It goes to Guatemala, Mexico, the Phillippines, etc.

Back in the 50s, you had millions of workers striving for the nuclear family and it was clear what you were working for. House with two car garage and picket fence and shit. Now? Who knows. You've got low income families clamoring for iPads and other useless shit, how does that drive the economy? More money for corporations? Low income families probably do most of their shopping at corporate outlets anyway; in fact, I would make the argument that most independent retailers and producers are supported only by middle to upper class spenders.

Think about things that require craftsmanship and quality goods. Carpentry, ceramics, textiles. Think about quality tobacco products, spirits, food production. You don't see poor people going out and buying Heath ceramics, Patagonia fleece coats, handmade cigars, small-batch bourbon, or free range chicken. Heath, Patagonia, and Mary's chicken are all based in California. They're all quality goods, employing Americans and driving local economy, and the prices reflect that. You're not gonna see low income families buying this shit, ever. I don't care how much their purchasing power increases. 99% of the shit they buy is going to be made in China and sold through Walmart. Doesn't drive the economy. In this scenario, a relative few at the top get all the cash and the people at the bottom still scrape by. The corporate sponsored scenario is what has eliminated the middle class, as well as an epidemic of ignorance towards quality.

Electronics and technology have replaced a lot of the quality goods that people used to have in their homes. We've got TVs, computers, ipads, sound equipment that becomes obsolete or ceases to function altogether after a few years of use, and that's what people save and splurge for instead of quality furniture, quality homes, quality work, period.

Post: #221

(09-01-2013 07:39 PM)The Texas Prophet Wrote:  Raising the minimum wage only affects min wage workers, so it doesn't have the same effect as raising everyone's wages (like in ND).

It's the same. If I owned an apartment complex full of the min wage demographic, and wages doubled, so would the rent. Welcome to economics.

(09-01-2013 07:39 PM)The Texas Prophet Wrote:  Also, just because I support increasing the minimum wage, doesn't mean I support raising it all the way up to $15/hr. Realistically, the minimum wage only gets raised a bit every several years. The next time it is raised it will probably only be raised to $9/hr or $10/hr.

I'm working on the $15 hr model. The reason min wage creeps along is because it raises consumer products, and the slower the rise, the more acceptable to the consumer.

(09-01-2013 07:39 PM)The Texas Prophet Wrote:  As for working min wage: I used to work min wage back in high school and it was low even back then. I don't work at minimum wage anymore, but there isn't much social mobility in this society anymore, so people can easily get stuck working at or near minimum wage for a long time nowadays.

Are you in America? I thought min wage was low too, so in high school I learned to make more. Enough to buy advanced electronics, Benelli shotguns, Rugar and Smith pistols, ammo, and much more. Lack of social mobility is a victims chant.

(09-01-2013 07:39 PM)The Texas Prophet Wrote:  A society that has low social mobility and high wealth gaps is ripe for problems since one day the working poor realize there are a lot more of them then there are of the well off, and so they decide to have a "Red October" type revolution.

It is a problem, but the shrinking middle class is what should be addressed, not giving the bottom of the barrel more money.

Post: #222

(09-01-2013 08:00 PM)Aliblahba Wrote:  

(09-01-2013 07:39 PM)The Texas Prophet Wrote:  Raising the minimum wage only affects min wage workers, so it doesn't have the same effect as raising everyone's wages (like in ND).

It's the same. If I owned an apartment complex full of the min wage demographic, and wages doubled, so would the rent. Welcome to economics.

(09-01-2013 07:39 PM)The Texas Prophet Wrote:  Also, just because I support increasing the minimum wage, doesn't mean I support raising it all the way up to $15/hr. Realistically, the minimum wage only gets raised a bit every several years. The next time it is raised it will probably only be raised to $9/hr or $10/hr.

I'm working on the $15 hr model. The reason min wage creeps along is because it raises consumer products, and the slower the rise, the more acceptable to the consumer.

(09-01-2013 07:39 PM)The Texas Prophet Wrote:  As for working min wage: I used to work min wage back in high school and it was low even back then. I don't work at minimum wage anymore, but there isn't much social mobility in this society anymore, so people can easily get stuck working at or near minimum wage for a long time nowadays.

Are you in America? I thought min wage was low too, so in high school I learned to make more. Enough to buy advanced electronics, Benelli shotguns, Rugar and Smith pistols, ammo, and much more. Lack of social mobility is a victims chant.

(09-01-2013 07:39 PM)The Texas Prophet Wrote:  A society that has low social mobility and high wealth gaps is ripe for problems since one day the working poor realize there are a lot more of them then there are of the well off, and so they decide to have a "Red October" type revolution.

It is a problem, but the shrinking middle class is what should be addressed, not giving the bottom of the barrel more money.

Again, the minimum wage is not getting raised to $15/hr. Realistically, if it is raised it is being raised to $9 or $10 per hour. A rise to $15/hr is not realistic, at least not for a long time.

You can read the studies out there. I linked some of them in the posts up above. Modest increases in the minimum wage do not cause unemployment to go up much (if at all) and they don't lead to a huge spike in prices. You are the one who needs to learn economics, because you seem to be only spitting opinions and not real facts.

As for the increasing working poor: they are increasing because a pathway to the middle class is becoming harder and harder. If they get large enough, then it won't matter what we do because they will put into power someone who will fucking ruthlessly crush the upper class & rich (think of Fidel Castro or Joesph Stalin).

I am getting tired of debating this, so this will be my last reply. I just warn those that don't care about the lower classes that if you don't care about them, then don't be surprised when they don't care about you.

Post: #223

(09-01-2013 05:52 PM)It_is_my_time Wrote:  

(09-01-2013 05:35 PM)Aliblahba Wrote:  

(09-01-2013 05:14 PM)It_is_my_time Wrote:  

(09-01-2013 03:13 PM)The Texas Prophet Wrote:  Top three myths conservatives use to oppose increasing the minimum wage:

http://thinkprogress.org/economy/2012/07...imum-wage/

I'm not going to read some anti-male liberal propaganda. How can you discover a site this GREAT and then want anti-male laws?

The sense of entitlement, laziness, lack of work ethic or ethics in general, useless education, and social mindset are being instilled in both sexes in the newer generation. For every woman that wants something for nothing and plays the victim, I can produce one male.

This isn't a gender problem, but a social one.

Not true. While more and more young men behave like young women, with the entitlement mentality, probably due to more and more single mom households, the number of entitled young women still GREATLY out weights entitled young men.

Simply because young men can't cry or whine their way through life. And if they try there is someone to smack them down, whether in a fight, in a sporting event, or at a job where men are still expected to work hard.

I would say it is true to a certain extent. In the field I work in all the men were hard workers. There were a few exceptions and they tended to be weeded out.

The last year or two we have gotten a lot of younger men who have an entitlement mentality. The workplace has a lot more drama as a result. Less gets done.

Post: #224

(08-31-2013 01:46 PM)kerouac Wrote:  McDonalds is a publicly traded corporation, so their financials are open for all to see.

http://finance.yahoo.com/q/is?s=MCD&annual

McDonald's made $5,464,800,000 Net Income in 2012 in the US. That's how much it made after all expenses, wages, etc. They're not barely making it by as many people on here, and the fox-news-osphere would like you to believe.

I have had some sleep and went over the numbers. If McDonalds raised their workers wages by just $2/hr world wide it would evaporate their profits. This assumes like you suggest that they were to take the hit as a corporation and not pass it on to the consumer/franchise owner.

http://en.wikipedia.org/wiki/McDonald's
They have 1.8 million workers worldwide.

http://nbclatino.com/2013/08/29/fast-foo...ter-wages/
I have heard 24 hours per week thrown around as the average a fast food worker works per week. So I'll use that for the example.

24 hours x 52 weeks=1248 hours per year

1248hr x 1.8 million employees = 2 246 400 000 or 2.246 billion total employee hours worked.

2.246 billion x $2/hr wage increase = 4.492 billion dollars.

A $3/hr increase would put them at a net loss. While their profit numbers seem like they are enormous. They aren't that big considering how many stores they have and how many people they employ.

Post: #225

Quote:They aren't that big considering how many stores they have and how many people they employ.

Or their total assets.

And on that note, who are we referring to when we use the pronoun "they"? Managers? Board? Stockholders?