LogFAQs > #949991635

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Topic	"In 1935, the minimum hourly wage in the U.S. was set at 25¢.
Balrog0 01/27/21 6:21:49 PM #63:	t5yvxc posted... Wholeheartedly incorrect. Yes the 14.5/hour worker would be happy to see a $2 to $5 raise, but still unhappy their position was devalued. Employers are absolutely not going to give him a 106% raise ($29.87/hour) like his 7.25/hour co-workers. Instead of making nearly double of what the minimum wage is, they will more likely make roughly 20% to 75% above it now. Meaning their salary has been devalued. No one is overjoyed when their salary is devalued with the rebuttal of, "be happy you got anything." How is it devalued? They are making more money. It might be true that people are resentful, but explain how they're actually harmed. t5yvxc posted... Objectively incorrect unless they receive a 106% raise as well. They won't. People making $8 or $13 or $16 or $20 are not all going to see a 106% increase to their wages. The idea that employers are going to bump the 16 an hour guy to $32.96/hour literally ignores what companies have consistently done even now to offset employee wages. No, they'll still make more than they did before, though, and more than minimum wage workers. t5yvxc posted... We literally have folks in this topic not caring about anyone making over 7.25. Either falsely pretending everyone will see a 106% increase (7.25 to 15 is a 106% increase) or straight up acting as if the people already making over 7.25 should be grateful they get any raise at all no matter how little. So yes, they are acting like that, especially the latter which is saying who cares their old salary was devalued. You're not making any sense. kinetika_ posted... The anti capitalist people in this topic with hard-ons to destroy the middle class with their "me, me" selfish rhetoric. I agree with the states dealing with it... i can see NYC and similar doing $20 an hour, but in Texas? $10 is fine. I pay mine $15 an hour already, and they live just fine... but what am I supposed to do when minimum is $15? I can't afford $20+ an hour, because like t5 stated: their labor just got devalued and I have to get rid of an employee and double work the ones remaining to afford $20, which I'm sure they'll ask from me. Are you that dude's alt? Their labor is devalued so you can't afford them? You're not making a coherent argument. --- Trying to dunk since July 2020 <cite>Balrog0 posted [p:949991635] in "In 1... [t:79247699]...</cite> <quote>t5yvxc posted... </cite> <quote>Wholeheartedly incorrect. Yes the 14.5/hour worker would be happy to see a $2 to $5 raise, but still unhappy their position was devalued. Employers are absolutely not going to give him a 106% raise ($29.87/hour) like his 7.25/hour co-workers. Instead of making nearly double of what the minimum wage is, they will more likely make roughly 20% to 75% above it now. Meaning their salary has been devalued. No one is overjoyed when their salary is devalued with the rebuttal of, "be happy you got anything."</quote> How is it devalued? They are making more money. It might be true that people are resentful, but explain how they're actually harmed. t5yvxc posted... </cite> <quote>Objectively incorrect unless they receive a 106% raise as well. They won't. People making $8 or $13 or $16 or $20 are not all going to see a 106% increase to their wages. The idea that employers are going to bump the 16 an hour guy to $32.96/hour literally ignores what companies have consistently done even now to offset employee wages.</quote> No, they'll still make more than they did before, though, and more than minimum wage workers. t5yvxc posted... </cite> <quote>We literally have folks in this topic not caring about anyone making over 7.25. Either falsely pretending everyone will see a 106% increase (7.25 to 15 is a 106% increase) or straight up acting as if the people already making over 7.25 should be grateful they get any raise at all no matter how little. So yes, they are acting like that, especially the latter which is saying who cares their old salary was devalued.</quote> You're not making any sense. kinetika_ posted... </cite> <quote>The anti capitalist people in this topic with hard-ons to destroy the middle class with their "me, me" selfish rhetoric. I agree with the states dealing with it... i can see NYC and similar doing $20 an hour, but in Texas? $10 is fine. I pay mine $15 an hour already, and they live just fine... but what am I supposed to do when minimum is $15? I can't afford $20+ an hour, because like t5 stated: their labor just got devalued and I have to get rid of an employee and double work the ones remaining to afford $20, which I'm sure they'll ask from me.</quote> Are you that dude's alt? Their labor is devalued so you can't afford them? You're not making a coherent argument. --- Trying to dunk since July 2020</quote> ... Copied to Clipboard!
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