Mo Money Mo Problems. .. this was made by someone who doesn't understand how a minimum wage effects economies. Increasing minimum wage helps those with minimum wage jobs, but reduces th
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Mo Money Mo Problems

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Submitted: 12/12/2013
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#260 - infinitereaper (12/13/2013) [+] (12 replies)
stickied by listerthepessimist
God I hate these posts.
Because I completely see the point, while the vast majority seem to be caught up in the delusion in the masses.
You ignorant little ***** are the exact reason the government and large entities get so powerful and influential in the first place.

First of all, the Federal Reserve is an independent entity. They hold complete influence via endless monetary. Then you have the outstanding deficiet (and debt) of the U.S. Then you have lobbying, the main source of which is, guess what? Monetary. Which goes full circle. Regulation. Control. Governing? YOu think the government runs the country? They just do the leg work, people with money, entities with money; they run the country. And everything is for the sake of profit.

Compare profit growth, inflation, and minimum wage. Guess which two have grown and which one hasn't?
Inflation and have profit have had gross increases, but minimum wage barely meets the standard. Then you have outsourcing and everything becomes a lot clearler.

The rich elite don't give a **** about you. They don't give a **** about you. They don't have to. See there are two ways to run an economy, with the current example being capitalism.

1. Manufacture goods/services, hire people, pay people, create goods and services, sell, make profit, grow bigger, hire and pay more people. Complete feedback loop: You make profit while giving people money to fund the economy which will increase the market size making you more profit giving people more money raising the slandered of living and basically making everything better. EVERYONE WINS.

2. Absolute profit. Outsource everything. Make everything as cheap as possible. Hire as few workers as possible. Pay as less as possible. Use the global economy to quickly, cheaply and efficiently make as much profit as possible. Feedback loop is nearly non existent. But this is easy... and so much money! How could I stop? This is the American way! I'm just successful! Look at all the lazies
User avatar #6 - pokemonstheshiz (12/12/2013) [+] (43 replies)
this was made by someone who doesn't understand how a minimum wage effects economies. Increasing minimum wage helps those with minimum wage jobs, but reduces the number of jobs available and hurts people with slightly higher paying jobs by driving prices up and hurting other's relative incomes
#63 - lazorman (12/13/2013) [+] (1 reply)
how's 8th grade?
User avatar #53 - PenguinsOfMars (12/13/2013) [+] (8 replies)
If you aren't satisfied by your minimum wage paying job you should probably work your ass off to get a better one, maybe go to school.
User avatar #72 to #53 - psykobear (12/13/2013) [-]
Some of us are working hard at our ****** minimum wage job which does twice the work of some burger flipper WHILE we are still going to school.
#196 - dwarfman (12/13/2013) [+] (3 replies)
In defense of OP, The glorious faggot he may be I don't think this is aimed at the professionals. If you're a lawyer, doctor, accountant, engineer, etc you're going to hit the $100k mark 10 years into your career. Invest right and you'll die rich. What this seems to be referring to is the ultra rich which come in a few flavors: Geniuses (Gates), Trust fund babies (Majority), Hedgefund managers (Tanked the Economy), CEOs (Overpaid twats). To me this isn't taking a stab at dudes like gates or the professionals that made it big. Those dudes add value to society, and got rich doing so. It's going after the trust fund babies, the hedgefund scamers, and the CEOs. All of those dudes are not paid based off the value they create, but either through subversion, luck, or rigging the vote (CEO's salaries are voted on). So stop with the "OP is a liberal/8th grade/socialist". I don't think the McDicks dudes deserve $15 an hour but a raise to the minimum wage would be good for society. Let's kick it up $1 per hour give the college kids some more pocket change.

tl;dr Stop fighting amongst yourselves while the ultra rich keep dicking us all

D'Argos 100% unrelated in anyway.
User avatar #19 - sirkanesixtytwo (12/13/2013) [+] (15 replies)
Those jobs are called entry level for a ******* reason, you shouldn't live off them.
#40 to #38 - stalkerkitty (12/13/2013) [-]
sometimes minimum wage jobs are the only jobs available. even for people with college degrees.
#159 - gjah (12/13/2013) [+] (6 replies)
I'm a student of Economy and minimum wage is bad, M'kay?

Without minimum wage, balance point between supply of labour and demand is at £ 3.8 (blue line). With market balance, we only have voluntarily unemployed. Voluntarily unemployed are those who only wish to work for higher salary, as they value themself higher than market balance point.
But with minimum wage, we get whole bunch of people who wish to work for £4.2, but they can't because there is not enough demand for labour at £4.2, so we got whole bunch of people who are involuntarily unemployed (difference between demand and supply for labour at £4.2.

Minimum wage is kill for economy
#135 - I Am Monkey (12/13/2013) [+] (5 replies)
This post completely misunderstands the issue of minimum wage. Nobody's saying they shouldn't raise it because it's "greedy". They're saying that if you raise it, it will become even harder for entry-level employees to get hired. For example: If minimum wage is $7, you're hiring the best you can get for $7. There are other places that pay $10 and get more qualified workers who are not willing to work for $7. If you raise the minimum wage to $10, then then the $7 workers will have to compete with the $10 workers and they're going to lose out.

Pic semi-related.
The only picture I have about greed.
#265 - listerthepessimist (12/13/2013) [+] (4 replies)
are people more comfortable with this?
User avatar #269 to #268 - listerthepessimist (12/13/2013) [-]
**listerthepessimist rolls 44** **** you cash-chucker
#105 - invshika (12/13/2013) [+] (10 replies)
>people thinking minimum wage is arbitrary
User avatar #48 - plainarcane **User deleted account** (12/13/2013) [+] (10 replies)
I don't believe in a universal minimum wage, but rather a minimum wage based on what the company is capable of paying to its employees (a certain percentage of the company's wealth is required by law to go to the employees). This way the minimum wage doesn't strangle smaller businesses that can't afford to pay it.
User avatar #56 to #48 - thisisspartah (12/13/2013) [-]
you should also have the universal minimum wage aswell so people don't earn 50c an hour in a buisness that should've failed long ago
User avatar #176 - Shitthatscrazy (12/13/2013) [+] (12 replies)
I'm probably going to get some seriously bad ranting here but i'm going to say this because this is the same thing as with Canada.

Fix the Income tax rates to better match the society.Not lower it or raise it but fix the scales of how incomes are taxed to better everyone.

People who work minimum wage and/or earn something like 25,000 or so a year should have income taxes reduced so they get more money off of what they earn.

People who earn pays that are way above basic needs like earning 100,000+ a year should be more heavily taxed, they already earn more than enough to afford a rather luxurious home and a new car easily with supporting a family with cash to spare.

Now i know you guys might be saying that it wouldn't be fair to punish the wealthy for warning their money but the taxes don't match the people right now.

For Canada at least there wasn't suppose to be an Income tax after the last world war because it was a funding measure to support it, unfortunately it has yet and probably will never be removed.

Also for those who might declare "Well then all those wealthy company people will just raise the prices on their products to match the new taxes". Well they probably might or probably might not because if the owners of these businesses want to be as greedy and bastardly as everyone think they are then it'll be put right out in the open for everyone. But they probably wont pull that because in the end they could lose more then they gain.

And btw this is'nt even remotely communism, its tax re-evaluation which could help north america's big "Capitalism Take over" .

At worst that could happen though is that big companies try to dodge the taxes by moving taxable assets out of the continent but then again, it might cost them more than what they gain.
#280 - pollepolle (12/13/2013) [+] (1 reply)
As far as I'm aware, raising the minimum wage leads to unemployment on an aggregate level
#276 - swedishassassin (12/13/2013) [+] (1 reply)
Alright, if you believe this is what's happening and this is the only reason we don't want to raise the minimum wage, you've successfully absorbed all propaganda and don't understand economics.

Those CEOs couldn't give 2 ***** about the raise, since the profit loss would hit their UNLIQUIDATED assets [the fact they own the business, and we really like to include this when calling them the 1%, though without it it would be more like the 12%, which is a really high number compared to any other time in history].
When you raise the minimum wage, it affects everyone close to that wage, even above. Your raise results in one of two things; the price of the product goes up, nullifying your 'raise', or you or your fellow worker gets fired, with no ability to whine about 'discrimination'. Now everyone else with a wage above minimum is actually making a little less, because of price-raising.
People, minimum wage isn't meant to give you a living salary; it's meant to prevent working abuse. The whole raise is a bunch of two-bit politicians who want a good voter-turnout. Stop being so accepting of this crap, from either side.
User avatar #66 - lean (12/13/2013) [+] (16 replies)
This is stupid. And here is why.
CEO of Mcdonald's gets $28,335,000.00 (roughly). Of the 1.7 million people it employs as full time workers, roughly 1.1 million are entry level employees(minimum or near-minimum wage). I think you can see where this is going. If the CEO gave up ALL of his yearly income to increase the wages of the workers, that would amount to $25.75 a year increase, or 1.24 cents per hour.

Lets look at TOTAL REVENUE (again with mcd's)
For 2012, that was 27.5 billion dollars (net profit of that was 5.5 billion). Lets assume they disregarded expenses and only payed their employees with this money. That figure 27,500,000,000/1,100,000 is 25,000 a year per employee, or $12.19/ hr.
User avatar #71 to #66 - psykobear (12/13/2013) [-]
There are other things that could be cut besides the CEO's paycheck, although cutting that would be nice. Advertising is pretty much useless, everyone knows what McDonald's is, so that could be reduced. The price of food could be increased a bit, it's dirt cheap as it is. Simpler buildings would reduced building costs. Minimum wage could be increased, as the CEO's wage is not the only place to reduce.
User avatar #274 - xdeathspawnx (12/13/2013) [+] (1 reply)
Raising the minimum wage hardly affects the super rich. Instead of sacrificing their income to pay all of their employees more, they will just fire a couple of emplyees to balance out spending. Just like everything, jobs have a supply and a demand. When you introduce a price floor demand for jobs increases while the suply decreases, meaning that unemployment sharply rises.

For example, if a company has a $640 weekly budget to pay employees, and the minimum wage is $80 per week, they can hire 8 employees. If you raise the minimum wage to $90 a week, they can no longer afford to pay all eight employees and have to lay off one. That might not seem like much, but multiply this across all the companies in the country and there is a huge effect. If every business in the US fired 1/8th of their employees, unemployment would go from the current 7% to 18.65% instantly.

You might think raising minimum wage is a good idea, but in the end it makes it harder for people to get jobs (which is already hard as it is) and causes unemployment to rise.
User avatar #236 - analbuttfuck (12/13/2013) [-]
Raising minimum wage would just lead to mass unemployment, and only cyclical employment so people can be hired for the lowest amount of money possible.
Companies aren't dependent on workers any where as much as workers being dependent on companies.
People always need jobs, if one person wont work for a certain amount of money, it is more than easy to find someone who will.
#97 - AlbertEinstein (12/13/2013) [+] (1 reply)
The rich stays rich   
The poor stays poor   
*poor is relative   
The whole system is structured to keep it that way unless one of two ways.   
You think of some revolutionary idea (probably not)   
Only way out of the Middle class is killing yourself and hope you resurrect into some rich bitch's vagina (best chance)
The rich stays rich
The poor stays poor
*poor is relative
The whole system is structured to keep it that way unless one of two ways.
You think of some revolutionary idea (probably not)
Only way out of the Middle class is killing yourself and hope you resurrect into some rich bitch's vagina (best chance)


User avatar #185 - pebar (12/13/2013) [-]
Milton Friedman on Minimum Wage
Milton Friedman - Greed
Milton Friedman Sets Liberal Straight On "Too Many Millionaires".wmv
Such a ******** post.... the economy runs on greed; it thrives with greed.
Minimum wage hurts the economy by keeping the poor unemployed.
User avatar #131 - vivapinatapro (12/13/2013) [+] (1 reply)
Yeah, those high schoolers working at Mickey D's really need 10 dollars an hour.
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