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Topic	House votes to raise minimum wage to $15/hour by 2025
EdgeMaster 07/18/19 7:07:26 PM #105:	DevsBro posted... Question, how exactly does raising minimum wage not pose a problem for businesses and customers? Currently they bring in $x/day and pay out $y/day. They survive because y < x. If x stays the same (not a problem for customers), what is basis of the assumption that y can increase by up to 100% and still remain lower than x, in every case or even in general? Depends on the industry, but most should be safe. Lets use some real numbers... X= $10,000 profit per day Y= $1000,,, 10 employees make $100 a day post tax Lets say Y is now $150 a day per worker, or $1500 per day. I think making $8500 in a day they should be able to stay afloat, despite making slightly less profit. lincoln002 posted... They need to make minimum wage $15 now not in 2025 and they need to pass a law prohibiting the increase of goods and services by a certain percentage each year. Bam, fixed the economy. Also agree with this. I generally like a more hands off government and for them to stay the fuck out of citizens lives and business but this is one time where I think 100% the government should impose very heavy taxes on business that could perhaps make them close shop if they want to up prices? Business: Min wage is $15/hr? Fuck lets make milk $7 a gallon US Gov: sure go ahead, but itll cost $250 million in taxes per quarter. If you sell enough milk to make an additional billion a year, then jolly, if you cant, then dont be greedy. --- If you don't have anything nice to say, say it on the internet. **poster Extraordinaire <cite>EdgeMaster posted [p:924873084] in House vote... [t:77872603]...</cite> <quote><cite>DevsBro posted...</cite> <quote>Question, how exactly does raising minimum wage not pose a problem for businesses and customers? Currently they bring in $x/day and pay out $y/day. They survive because y < x. If x stays the same (not a problem for customers), what is basis of the assumption that y can increase by up to 100% and still remain lower than x, in every case or even in general?</quote> Depends on the industry, but most should be safe. Lets use some real numbers... X= $10,000 profit per day Y= $1000,,, 10 employees make $100 a day post tax Lets say Y is now $150 a day per worker, or $1500 per day. I think making $8500 in a day they should be able to stay afloat, despite making slightly less profit. <cite>lincoln002 posted...</cite> <quote>They need to make minimum wage $15 now not in 2025 and they need to pass a law prohibiting the increase of goods and services by a certain percentage each year. Bam, fixed the economy.</quote> Also agree with this. I generally like a more hands off government and for them to stay the fuck out of citizens lives and business but this is one time where I think 100% the government should impose very heavy taxes on business that could perhaps make them close shop if they want to up prices? Business: Min wage is $15/hr? Fuck lets make milk $7 a gallon US Gov: sure go ahead, but itll cost $250 million in taxes per quarter. If you sell enough milk to make an additional billion a year, then jolly, if you cant, then dont be greedy. --- If you don't have anything nice to say, say it on the internet. **poster Extraordinaire</quote> ... Copied to Clipboard!
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