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$15 an hour minimum wage.
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<blockquote data-quote="brett636" data-source="post: 1331069" data-attributes="member: 249"><p>Considering UPS consumes most of my time through the week I am not going to go line by line and respond to all of this. The basic philosphical difference between you and I is you believe the world is unfair regardless of intent or input, I believe the world rewards those who have a good intent and inputs their skills/work accordingly. I acknowledge that the market isn't always fair, but nothing in life is. Lets just look at some hard numbers so I can put this to rest. A McDonald's restaurant that earns $1.2 million in gross revenue per year will end up with about $60k in profit when that is all said and done. That's about a 5% profit margin. If all of a sudden all of that restaurant's employees were making $15/hr. instead of their current $9-$10/hr.(which is higher than the current minimum wage BTW, I wonder how that could happen?) it would wipe out that profit margin several times over. It doesn't matter if the revenue goes higher because employee costs in this market are variable meaning they go up with increased sales. Your argument is the restaurant owner needs to now not only pay his workers beyond his margin of profit, but he also needs to spend more to increase productivity, but you fail to acknowledge that he will have find a way back to profitability and quickly or he won't be in business. A sudden price increase will be necessary in the short term, and productivity investments will come longterm in the form of more automation, and less people employed at that business. If the government just backs off and lets the market do what it does best you will find the minimum wage is nothing but a false promise made by politicians to make themselves seem more "For the people" when they are really anything but. </p><p></p><p>BTW, when I mentioned "increased scarcity" that means to be "more scarce" or "more rare" meaning prices rise to account for it. My original statement was correct, and your attempt to be cute has failed miserably.</p></blockquote><p></p>
[QUOTE="brett636, post: 1331069, member: 249"] Considering UPS consumes most of my time through the week I am not going to go line by line and respond to all of this. The basic philosphical difference between you and I is you believe the world is unfair regardless of intent or input, I believe the world rewards those who have a good intent and inputs their skills/work accordingly. I acknowledge that the market isn't always fair, but nothing in life is. Lets just look at some hard numbers so I can put this to rest. A McDonald's restaurant that earns $1.2 million in gross revenue per year will end up with about $60k in profit when that is all said and done. That's about a 5% profit margin. If all of a sudden all of that restaurant's employees were making $15/hr. instead of their current $9-$10/hr.(which is higher than the current minimum wage BTW, I wonder how that could happen?) it would wipe out that profit margin several times over. It doesn't matter if the revenue goes higher because employee costs in this market are variable meaning they go up with increased sales. Your argument is the restaurant owner needs to now not only pay his workers beyond his margin of profit, but he also needs to spend more to increase productivity, but you fail to acknowledge that he will have find a way back to profitability and quickly or he won't be in business. A sudden price increase will be necessary in the short term, and productivity investments will come longterm in the form of more automation, and less people employed at that business. If the government just backs off and lets the market do what it does best you will find the minimum wage is nothing but a false promise made by politicians to make themselves seem more "For the people" when they are really anything but. BTW, when I mentioned "increased scarcity" that means to be "more scarce" or "more rare" meaning prices rise to account for it. My original statement was correct, and your attempt to be cute has failed miserably. [/QUOTE]
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