Green New Deal
Re: Green New Deal
Hey man, I know it’s badass for potus to bang porn stars and start a space force, but that don’t automatically make him my hero.
Re: Green New Deal
Increased wages = increased commodities = no increased spending power or life quality.
Complete Bullshit.
Complete Bullshit.
Do not go gentle into that good night, Old age should burn and rave at close of day; Rage, rage against the dying of the light.
Re: Green New Deal
Good argument!
I think it's more accurate to say "consumer goods" than "commodities," but then you don't care either way.
Cuz bULLsHiT!
I think it's more accurate to say "consumer goods" than "commodities," but then you don't care either way.
Cuz bULLsHiT!
Imjustheretohelpyoubuycrypto
Re: Green New Deal
Increased wages can be a contributing factor to increased costs but it's not equivalent.
Increase of minimum wage, 2% of work force, won't destroy the middle class.
Increase of minimum wage, 2% of work force, won't destroy the middle class.
Do not go gentle into that good night, Old age should burn and rave at close of day; Rage, rage against the dying of the light.
Re: Green New Deal
Its way more than 2% dont be dumb. Everybody within a few dollars of min wage is also going to have to be paid more. Johnny hotshot quiznos manager making 13.00 isnt going to get minimum wage same as his employees. So now hes at $18. And on and on
Just Ledoux it
Re: Green New Deal
One of the worst things for an economy is unsustainable inflation. Artificial wage increases create inflation where it can and should be avoided.
Just Ledoux it
Re: Green New Deal
"you earning more money will be bad for you" is kind of a highlarious notion.
and Quiznos may not be the best example. A quick google suggests their revenue was around $170 million in 2017, yet the takeaway is that it's greedy for a manager there to expect more than $13 an hour? Shame on you, Johnny Hotshot!
it's also noteworthy that Quiznos has had some business troubles. A while back they declared bankruptcy, and are down to only 800 or so remaining locations after operating nearly 5000 just a few years prior. They've been the target of several lawsuits related to the treatment of their franchisees as well, including one franchisee whose suicide note included mistreatment by the company as a reason for killing himself.
Not much info on the executive compensation at Quiznos, though we can only guess it's more than $13 an hour. But don't go blaming the execs for their business woes, cuz that too must be Johnny Hotshot's fault.
and Quiznos may not be the best example. A quick google suggests their revenue was around $170 million in 2017, yet the takeaway is that it's greedy for a manager there to expect more than $13 an hour? Shame on you, Johnny Hotshot!
it's also noteworthy that Quiznos has had some business troubles. A while back they declared bankruptcy, and are down to only 800 or so remaining locations after operating nearly 5000 just a few years prior. They've been the target of several lawsuits related to the treatment of their franchisees as well, including one franchisee whose suicide note included mistreatment by the company as a reason for killing himself.
Not much info on the executive compensation at Quiznos, though we can only guess it's more than $13 an hour. But don't go blaming the execs for their business woes, cuz that too must be Johnny Hotshot's fault.
Re: Green New Deal
WRONG!
It makes perfect sense, like this:
“We are living through a revolt against the future. The future will prevail.”
Anand Giridharadas
Anand Giridharadas
Re: Green New Deal
You're missing the forest for the trees.ousdahl wrote: ↑Wed Apr 03, 2019 5:33 am "you earning more money will be bad for you" is kind of a highlarious notion.
and Quiznos may not be the best example. A quick google suggests their revenue was around $170 million in 2017, yet the takeaway is that it's greedy for a manager there to expect more than $13 an hour? Shame on you, Johnny Hotshot!
it's also noteworthy that Quiznos has had some business troubles. A while back they declared bankruptcy, and are down to only 800 or so remaining locations after operating nearly 5000 just a few years prior. They've been the target of several lawsuits related to the treatment of their franchisees as well, including one franchisee whose suicide note included mistreatment by the company as a reason for killing himself.
Not much info on the executive compensation at Quiznos, though we can only guess it's more than $13 an hour. But don't go blaming the execs for their business woes, cuz that too must be Johnny Hotshot's fault.
Just Ledoux it
Re: Green New Deal
and you’re the one throwing fast food workers under the bus.
Here’s a question: if an increase in wages inevitably results in an increase in the price of commodities, then what about when the price of commodities increases but wages don’t?
Here’s a question: if an increase in wages inevitably results in an increase in the price of commodities, then what about when the price of commodities increases but wages don’t?
Re: Green New Deal
I'm not throwing anyone under the bus.
Safe, sustainable, goal growth for the economy includes an annual inflation of somewhere in the 3% range. If min wage follows that pattern it should be naturally sitting in the $7.91 range. Artificially increasing wages puts pressure on inflation numbers and contributes to a future recession. Making $0 is worse than making 8.
Theyve tried this increased min wage experiment in Seattle and other major cities. It has not worked out as they had hoped. Early studies on the Seattle has shown low wage workers have actually seen their "real" earned income decrease by an average of $125 a month. Go read some of these things. Even though you're not going to because it's easier to stand on your pedestal and "fight" for the cause. The people you are fighting for and the blue collar working man are precisely the ones hurt by these proposed policies.
Safe, sustainable, goal growth for the economy includes an annual inflation of somewhere in the 3% range. If min wage follows that pattern it should be naturally sitting in the $7.91 range. Artificially increasing wages puts pressure on inflation numbers and contributes to a future recession. Making $0 is worse than making 8.
Theyve tried this increased min wage experiment in Seattle and other major cities. It has not worked out as they had hoped. Early studies on the Seattle has shown low wage workers have actually seen their "real" earned income decrease by an average of $125 a month. Go read some of these things. Even though you're not going to because it's easier to stand on your pedestal and "fight" for the cause. The people you are fighting for and the blue collar working man are precisely the ones hurt by these proposed policies.
Just Ledoux it
Re: Green New Deal
Government mandates are not going to help this issue. Forcing the hands of employers is not the solution. The only real help is when business owners decide to increase starting wages to boost productivity qs part of their business plan.
Small business owner with 7 min wage employees will incur added >100k in wage costs due to this increase. They cant survive that without cutting employees or raising prices or some combination of those things. these policies will force out the small business owner. We should be encouraging small business not chasing them out of the market. Diversity is good for the economy and the consumer.
Small business owner with 7 min wage employees will incur added >100k in wage costs due to this increase. They cant survive that without cutting employees or raising prices or some combination of those things. these policies will force out the small business owner. We should be encouraging small business not chasing them out of the market. Diversity is good for the economy and the consumer.
Just Ledoux it
Re: Green New Deal
I get what your saying.
But at the same time, a business model that can’t or won’t afford to pay its workers more than the minimum required by law seems like a pretty feeble business model.
And I wonder whether small businesses are more threatened by increases in wages, or are more threatened by big businesses.
But at the same time, a business model that can’t or won’t afford to pay its workers more than the minimum required by law seems like a pretty feeble business model.
And I wonder whether small businesses are more threatened by increases in wages, or are more threatened by big businesses.
Re: Green New Deal
And let’s not forget the collateral damage from low wages - lower employee retention, higher turnover, increased costs of constantly having to train new staff, compromised service to customers, larger socioeconomic factors involving poverty and crime and on and on.
Job creators treat their staff like a fungible commodity, then feel sorry for themselves when the staff don’t stick around.
Job creators treat their staff like a fungible commodity, then feel sorry for themselves when the staff don’t stick around.
Re: Green New Deal
Of course they are threatened by big business. But forcing them to increase operating costs is an added nail in the coffin.
Small businesses are often reliant upon the owners working a shitload of hours
(often for not a lot more than minimum wage if you factor in hours worked) and a few minimum wage employees. The business model is "feeble" by necessity with the hope that they can grow and increase profits to allow for funding of upward mobility of their employees so that they can hire a managerial type for more than the mandated minimum.
Forcing increased wages for all employees is not allowing the business to even get off the ground, let alone think about providing opportunity for growth within the company for the starter employees.
Small businesses are often reliant upon the owners working a shitload of hours
(often for not a lot more than minimum wage if you factor in hours worked) and a few minimum wage employees. The business model is "feeble" by necessity with the hope that they can grow and increase profits to allow for funding of upward mobility of their employees so that they can hire a managerial type for more than the mandated minimum.
Forcing increased wages for all employees is not allowing the business to even get off the ground, let alone think about providing opportunity for growth within the company for the starter employees.
Just Ledoux it
Re: Green New Deal
Your utopia where everyone gets a significant pay raise without the negatives that inevitably come with that just isnt realistic. It doesnt exist.
If you want a society based on socialism, equal distribution of profit etc then thats a completely seperate argument. One that I wont even start to debate.
If you want a society based on socialism, equal distribution of profit etc then thats a completely seperate argument. One that I wont even start to debate.
Just Ledoux it
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Deleted User 89
Re: Green New Deal
https://www.pewresearch.org/fact-tank/2 ... imum-wage/
...Since it was last raised in 2009, to the current $7.25 per hour, the federal minimum has lost about 9.6% of its purchasing power to inflation...
https://work.chron.com/ceo-compensation ... 15509.html
The ratio of CEO pay to the median salary for all other employees in the company provides a reference of how high CEO pay is. It's often used to compare CEO pay across countries. U.S. CEOs earn from 400 to 500 times the median salary for workers. For CEOs in the U.K., the ratio is 22; in France, it's 15; and in Germany it's 12.
https://www.washingtonpost.com/news/bus ... 57ab8e9ae5
...One provision in the massive tax overhaul Congress passed late last year attempts to place new curbs on pay. Under the measure, companies that dole out millions in performance bonuses to top executives could face a heftier tax bill.
Already, Netflix has responded by raising the salaries of three of its top executives and dumping a short-lived program that tied their pay to company performance. Corporate boards nationwide are considering whether to do the same, executive compensation experts say.
[...]
The 2017 tax law does away with the deduction for performance-based pay, potentially steering $9.3 billion to federal coffers over the next 10 years, according to the Joint Committee on Taxation.
But compensation experts say the change in tax law is not likely to reverse years of upward pressure on executive pay. If anything, companies are likely to make such pay less dependent on performance-based bonuses and give executives a higher salary, they say...
[...]
For example, in 2017, Netflix’s Chief Content Officer Ted Sarandos earned an $1 million salary and bonus target of $9 million. For 2018, his base salary will be raised to $12 million, according to a Securities and Exchange Commission filing.
[...]
Also, the new tax bill’s signature feature — lowering the corporate tax rate from 35 percent to 21 percent — more than offsets the loss of the deduction for corporations, compensation experts say.
so, as much as we're to trust/believe that drumpf is trying to "fix" the problem of CEO pay, it doesn't seem likely to happen. even if it does, there doesn't appear to be anything in the tax bill (or any other initiative) to more evenly distribute companies' profits.
guess only time will tell...
...Since it was last raised in 2009, to the current $7.25 per hour, the federal minimum has lost about 9.6% of its purchasing power to inflation...
https://work.chron.com/ceo-compensation ... 15509.html
The ratio of CEO pay to the median salary for all other employees in the company provides a reference of how high CEO pay is. It's often used to compare CEO pay across countries. U.S. CEOs earn from 400 to 500 times the median salary for workers. For CEOs in the U.K., the ratio is 22; in France, it's 15; and in Germany it's 12.
https://www.washingtonpost.com/news/bus ... 57ab8e9ae5
...One provision in the massive tax overhaul Congress passed late last year attempts to place new curbs on pay. Under the measure, companies that dole out millions in performance bonuses to top executives could face a heftier tax bill.
Already, Netflix has responded by raising the salaries of three of its top executives and dumping a short-lived program that tied their pay to company performance. Corporate boards nationwide are considering whether to do the same, executive compensation experts say.
[...]
The 2017 tax law does away with the deduction for performance-based pay, potentially steering $9.3 billion to federal coffers over the next 10 years, according to the Joint Committee on Taxation.
But compensation experts say the change in tax law is not likely to reverse years of upward pressure on executive pay. If anything, companies are likely to make such pay less dependent on performance-based bonuses and give executives a higher salary, they say...
[...]
For example, in 2017, Netflix’s Chief Content Officer Ted Sarandos earned an $1 million salary and bonus target of $9 million. For 2018, his base salary will be raised to $12 million, according to a Securities and Exchange Commission filing.
[...]
Also, the new tax bill’s signature feature — lowering the corporate tax rate from 35 percent to 21 percent — more than offsets the loss of the deduction for corporations, compensation experts say.
so, as much as we're to trust/believe that drumpf is trying to "fix" the problem of CEO pay, it doesn't seem likely to happen. even if it does, there doesn't appear to be anything in the tax bill (or any other initiative) to more evenly distribute companies' profits.
guess only time will tell...
Last edited by Deleted User 89 on Wed Apr 03, 2019 9:53 am, edited 1 time in total.