Impending Minimum Wage hike causing restaurants to close

[Sam]

When you cap the income from the top, and at the bottom, guess who gets shivved?

Cap the income at the top? Is there a wage floor for executives?

[Sparko]

The money has to come from somewhere, Sam. In the case of McDonalds, or many of the franchises that pay minimum wage based salaries, the franchisee is, in effect, "middle management", and has a tight budget with which to work. Labor is one of the few controllable costs in such a business, so it's either cut the hours of current employees, cut the number of employees, or dig into his/her own pocket. (or some combination of the three)

Where do YOU suppose that money would come from?

fundraising-1.jpg

Take all you want, we'll print more!

[Sparko]

Cap the income at the top? Is there a wage floor for executives?

You were one of the onese arguing that the top executives were making too much profit and it should be taken from them. That is capping their income.

[Sam]

The money has to come from somewhere, Sam. In the case of McDonalds, or many of the franchises that pay minimum wage based salaries, the franchisee is, in effect, "middle management", and has a tight budget with which to work. Labor is one of the few controllable costs in such a business, so it's either cut the hours of current employees, cut the number of employees, or dig into his/her own pocket. (or some combination of the three)

Where do YOU suppose that money would come from?

>The money has to come from somewhere
>This is somewhere
>The money has to come from here

We've already examined how executive pay has exploded since the minimum wage was, in real dollars, higher than today. I've noted how shareholder returns and stock buybacks have taken a greater percentage than in the past. And it's been noted that increasing wages at the lower income brackets creates higher demand for goods and services. So I would suppose that the money could come from reduced compensation at the top, as well as a dash of that "dynamic scoring" Conservatives are so gung-ho about.

[Cow Poke]

>The money has to come from somewhere
>This is somewhere
>The money has to come from here

We've already examined how executive pay has exploded since the minimum wage was, in real dollars, higher than today. I've noted how shareholder returns and stock buybacks have taken a greater percentage than in the past. And it's been noted that increasing wages at the lower income brackets creates higher demand for goods and services. So I would suppose that the money could come from reduced compensation at the top, as well as a dash of that "dynamic scoring" Conservatives are so gung-ho about.

Yeah, let's see you make that happen.

You really don't live in the real world, Sam.

[Sam]

You were one of the onese arguing that the top executives were making too much profit and it should be taken from them. That is capping their income.

Right. So why then, if minimum wage increases are being taken from top-income profits, do we also have to soak the middle management?

[Darth Executor]

Right. So why then, if minimum wage increases are being taken from top-income profits, do we also have to soak the middle management?

Did you (or anyone else, I don't feel like going through the 10 pages or so that have gone up since I last saw this thread) ever explain how you plan to magically distribute management overpay (which is a small fraction of total worker pay) in such a meaningful way that it'll positively impact the workers' salary?

[Cow Poke]

Right. So why then, if minimum wage increases are being taken from top-income profits, do we also have to soak the middle management?

Because it's unrealistic to cap the top - how do you propose that happens?

[Sam]

Yeah, let's see you make that happen.

You really don't live in the real world, Sam.

Actually, this was the real world back when you were growin' up. That we've moved so far astray from it says something about the generation that came into power back in the late 70s, early 80s.

[Cow Poke]

Did you (or anyone else, I don't feel like going through the 10 pages or so that have gone up since I last saw this thread) ever explain how you plan to magically distribute management overpay (which is a small fraction of total worker pay) in such a meaningful way that it'll positively impact the workers' salary?

[Sam]

Did you (or anyone else, I don't feel like going through the 10 pages or so that have gone up since I last saw this thread) ever explain how you plan to magically distribute management overpay (which is a small fraction of total worker pay) in such a meaningful way that it'll positively impact the workers' salary?

Higher income taxes and/or wealth taxes.

[Sparko]

I just keep noticing how the liberals here are not volunteering to put up their own money to solve the problem.

For example, if Jordanriver thinks a tip will solve the problem, why doesn't he/she take money from his/her paycheck and tip the employees that he/she supervises to make sure they are making a decent wage?

Of course Sam probably doesn't have a job so I guess he is off the hook.

[Cow Poke]

Actually, this was the real world back when you were growin' up.

I ain't never growed up, so you don't know what you're talking about.

And who was it that capped their salaries, Sam?

[Sparko]

Higher income taxes and/or wealth taxes.

thus capping the high end. Bye Bye middle management.

[Cow Poke]

I just keep noticing how the liberals here are not volunteering to put up their own money to solve the problem.

That ain't happenin! They are addicted to OPM major bigtime!

For example, if Jordanriver thinks a tip will solve the problem, why doesn't he/she take money from his/her paycheck and tip the employees that he/she supervises to make sure they are making a decent wage?

Cause the object isn't to SOLVE the problem - the object is to FEEL GOOD about WANTING the problem solved - and with OPM.

Of course Sam probably doesn't have a job so I guess he is off the hook.

He's a professional Googler!