bad math

each person is earning me 50 an hour, and I pay them 10 of it

forty dollar profit per hour for ME and 10 hour for THEM


giving them 2 more dollars,, means I stil profit 38 per hour, and perhaps retain employees longer reducing costs of paperwork, retraining, and advertising open positions





'drastically' is a matter of subjective intepretation

from the FLSA site

To whom does the minimum wage apply?

The minimum wage law (the FLSA) applies to employees of enterprises that have annual gross volume of sales or business done of at least $500,000. It also applies to employees of smaller firms if the employees are engaged in interstate commerce or in the production of goods for commerce, such as employees who work in transportation or communications or who regularly use the mails or telephones for interstate communications. Other persons, such as guards, janitors, and maintenance employees who perform duties which are closely related and directly essential to such interstate activities are also covered by the FLSA. It also applies to employees of federal, state or local government agencies, hospitals and schools, and it generally applies to domestic workers





500 grand, government employee, or involved in interstate commerce

that's it

quite simply put,, I think people will pay for the value of what they want

period

The cost of doing business goes beyond the cost of labor.

An employer's gross profits might seem huge to an outsider, but after all business expenses are paid, the employer may end up making barely enough money to justify running a business.

Seriously, you can't do the math pertaining to a business until you factor in all business costs.

I agree,, some businesses will find 'value' in a higher wage and some will not

depending upon what their specific situation and numbers are

Well you made your business plan a little more comprehensible.
But most business models don't have that kind of profit margin because out of your 38 per hour "profit" you have to pay SS taxes for employees, FIC taxes,Liability insurance, materials(cleaning equipment,cleansers etc) and accounts etc.
As for drastic...I think going from the $7.35 to $15.00 is pretty severe.

In order to remain competitive, businesses have to keep their prices as low as possible while maintaining a healthy profit margin.

One errs when one assumes that a business has a high profit margin without having evidence to back up that assumption.

But what does that mean? What all is going on?


That wasn't a bad thing when it happened to cigarettes or nuclear bombs.

People aren't things. They cause ripples in other people and things.


Great.
That's not really saying anything.

What else is the rise in minimum wage effecting?
Was minimum wage like being in a lifeboat with a slow leak, ultimately guaranteed to lead to the demise of 100 people, and this offers a new boat that will save 99? 50? 2? causing the leak to grow for the others?

Is it like something that proves the left and right are no different?
"Ban all guns! So what if 99.999% aren't used for crimes! If 1 child dies from a gun that's 1 too many!"
"Ban minimum wage increases! So what if 99.99999% live in poverty! If 1 child dies from hunger because there aren't enough low skill jobs that's 1 too many!"

The problem with the bulk of the Anti Minimum Wage pushers, is that they NEVER want to admit that there's more than one facet to the economy.

Bottom line, if the cost of living fell into line with wages, everything would be peachy. When the cost of living isn't figured in, or worse (as it is now) is bolstered by government and private industry, while wages are held low, the overall economy chokes and withers away. Just as we have been seeing for some time now.

The main reason for stagnation of wages is mostly due to illegal immigration. A country(any country) can only absorb so many workers without affecting wages. It's the basic supply and demand ratio, the more workers competing in the job force, the lower the wage. The fewer workers available, the more in demand they are and thus higher wages.
But of course the pro-immigration liberals will never admit to that

raising minimum wage is just a smokesceen for another chance for the dems to pat them selves on the back for doing more harm than good...again... all raising minimum wage would do is make all the prices on everything higher, so the only difference would be in the stupid peoples minds...

One word...... Scarcity

http://en.wikipedia.org/wiki/Scarcity

Scarcity (also called paucity) is the fundamental economic problem of having seemingly unlimited human wants in a world of limited resources. It states that society has insufficient productive resources to fulfill all human wants and needs. The item needed could be a basic human need, and not just one based upon an economic want. Such as the NEED for clean drinking water and even healthcare as seen in third world countries. These such things are a scarcity in many parts of our world. Therefore, needs, not just wants or desires.

Next word..... Manipulation (and the media)

I agree


one also errs when one assumes that a business will not hire quality workers at a quality price


people pay for the 'value', ,not the cost

I go to Walmart not expecting a QUALITY product,, because the prices are too low

these are products I am going to replace often and therefore don't require that quality

If I spent ten times,, Id expect ten times the QUALITY

If minimum wage is below subsistence then that level of entry would lead to either death or theft.

The cost of living varies from place to place.
So, the minimum wage should be set at the state level or at the city level.

Well what do people expect raising minimum wage will do? Increase there ability to pay for things? Ummm no pads not. Increased the cost of things puts more people out of work and on the streets. Just keep your status where you are. It's easier to pay for things with a lower minimum wage. Where do you think companies get the money to pay someone a wage. When a company increases the wage income they must increase prices for everyone in order to pay you what you think you are worth in a contrived economy.

No, sorry. Illegals are being used as a cover story, and always have been. They are a problem, but they aren't who is holding wages below poverty level.

What's holding wages down, is the combination of ACTIVE work by our own government to lower trade barriers in order to drive down wages and destroy union power, while at the same time acting to prop up the cost of living, though a variety of actions and inactions, which maintain the value of real estate (i.e. living quarters for workers) and the cost of medical care (by allowing the insurance companies and the AMA to decide how much everything must cost).

That's why the Republicans are so divided about Trump. He wants to actually DO something about illegals, and take them out of the equation. That will result in it being quite clear to those few who don't realize that employers set wages based on how they have to price their products in a market that favors foreign companies paying slave wages, and not based on how many job applicants they have, that the Republican leadership especially (with the complicity of the Democrats) have been lying to us for decades.

Meanwhile, back in this universe . . .

The free market works for society as a whole.
Yet, malcontents will complain about the free market because it requires them to compete for what they want.

Employers know that if they want to attract and to keep skilled employees, then the former need to set wages that are high enough to attract and to keep skilled employees.

Keep in mind that the minimum wage is supposed to be a starting wage - a training wage - for unskilled employees.

Free market?
What Galaxy might that be?