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Forums - Politics - Chicago politicians want to make our minimum wage 10 dollars an hour!

darkknightkryta said:
Max King of the Wild said:
most business men either don't know what they're doing, or are under too much pressure from investors. The short sightedness of cutting wages/jobs just to make more money (despite the fact that hundreds of millions of dollars of profits are being made)

Holy shit businesses make hundreds of millions of dollars in profits? why havent I opened up a local gyro/hot dog/taco place yet...

PS. My post is obvious sarcasim. You are severly overestimating businesses.

Not big ones.  Though I'm not sure what a company like Best Buy make at this time, since as I said, retailers are feeling the pressures of poor economies.  But I'll give you another example.  Rogers Communications up here in Canada, their net income is 1.56 billion.  Guess how many people they cut yearly?  This past march they let 300 people go.  I can assure you, they could have kept those 300 people and hired another 300 and it wouldn't have put a huge dent into their profits.  But since they're used to making 1.56 billion dollars annually investors are gonna freak out if they don't make that, or get it higher.  So what's the CEO supposed to do? Do what's best for the economy and keep people employed?  Or cut jobs since that's the fastest way to get profits up?  Sure ain't keeping people employed.  And then people wonder why economies are bad.

Edit: Just looked up Best Buy's net income, they're profiting 1.23 billion dollars, yet they're closing stores and making people unemployed.


Best buy already pays higher than min wage so this won't effect them in any way... not imagine if they did pay minimum wage and they got the news they would need to increase their wage by a dollar and a half to each of their 80-200 (Taking these numbers from Target. I don't know what BB employees on hand are like) employees in each of their stores. Can you imagine how many stores they would close then?



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This is a terrible idea... I live in Washington where Minimum wage is over $9 and hour. It has been HORRIBLE for business growth here. Lots of businesses have decided to relocate because of the excessive wage. Not only that but things in general are a bit more expensive to reflect the increased labor costs required by the high minimum wages.

Personally I think a higher minimum wage is a bad business idea in general. While I can see how having a higher minimum wage is attractive for those at the low end of the Totem Pole it surely is not for businesses looking to grow and succeed nor is it good for the consumers who are already making above minimum as it makes their costs go up. For those who want more money I suggest you keep looking for a different Job that doesn't pay minimum wage. I know they may be difficult to come by but they do exist especially for people that truly want them and have the proper education and experience.

Too often I go to a Fast food restaurant or something and I see people in their 40s or 50s who are simply just cashiers. They have NO secondary education nor do they have any aptitude or real desire to move up or do something more with their life. The people who have no self motivation are the ones complaining that minimum wages are too low.

You dont see hardly anybody who is not making minimum wage complaining about it. Why? Because these people saddled up and demonstrated to their employers that they are WORTH more than minimum wage. The World will pay you what your worth. To demand anything more you must first improve your worth.



Long Live SHIO!

Max King of the Wild said:
darkknightkryta said:
Max King of the Wild said:
most business men either don't know what they're doing, or are under too much pressure from investors. The short sightedness of cutting wages/jobs just to make more money (despite the fact that hundreds of millions of dollars of profits are being made)

Holy shit businesses make hundreds of millions of dollars in profits? why havent I opened up a local gyro/hot dog/taco place yet...

PS. My post is obvious sarcasim. You are severly overestimating businesses.

Not big ones.  Though I'm not sure what a company like Best Buy make at this time, since as I said, retailers are feeling the pressures of poor economies.  But I'll give you another example.  Rogers Communications up here in Canada, their net income is 1.56 billion.  Guess how many people they cut yearly?  This past march they let 300 people go.  I can assure you, they could have kept those 300 people and hired another 300 and it wouldn't have put a huge dent into their profits.  But since they're used to making 1.56 billion dollars annually investors are gonna freak out if they don't make that, or get it higher.  So what's the CEO supposed to do? Do what's best for the economy and keep people employed?  Or cut jobs since that's the fastest way to get profits up?  Sure ain't keeping people employed.  And then people wonder why economies are bad.

Edit: Just looked up Best Buy's net income, they're profiting 1.23 billion dollars, yet they're closing stores and making people unemployed.


Best buy already pays higher than min wage so this won't effect them in any way... not imagine if they did pay minimum wage and they got the news they would need to increase their wage by a dollar and a half to each of their 80-200 (Taking these numbers from Target. I don't know what BB employees on hand are like) employees in each of their stores. Can you imagine how many stores they would close then?

What does it matter?  They're closing stores anyways. Making a billion dollars in profits isn't enough.  One of the points I was trying to make is that business men don't do what's right for the economy.  They're making disgusting profits, but they always need a little more, which in turn causes jobs to be lost or outsourced since the easiest way to get more money is to get rid of more employees.  Economies were flourishing when businessmen did their part, kept people employed, gave them a decent wage.  Things are only going to get worse until the business start sucking it up and keeping people employed.  There's a whole causality to economies: people spend money, economies go up.  People don't have money, people don't spend money, economies go down.  Which is why raising minimum wage doesn't work and just makes the middle class poor.  Like Sales mentioned minimum wage in my province is over 10 dollars.  Full time wage is 16.  Almost 10 years ago minimum wage used to be 6.50.  Full time wage was 16, see what happened?  Middle wages didn't go up with minimum wage so all that did is make middle class poor.  Tiered wages is the only real solution, but businesses are just gonna cut jobs anyways since, a billion dollars in profits isn't enough apparently.  



Cobretti2 said:
supermario128 said:
All this would do is speed up inflation...

and reduce crime rate. A couple bux can be the difference between stealing a loaf of bread and buying one.

Not really. Please look up the definition of inflation and try again. Increasing the minimum wage to $10 from $7 (or whatever it is at) will increase the price of bread as well. If workers have to be paid more then products such as bread will have to cost more.




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Boy I'd hate to be an inexperienced or undereducated citizen living in Chicago who is looking for his first job...I would NEVER find a job with the minimum wage being $10.

I would also hate to work at something like a grocery store or big box store...because my job will now likely be lost to an automated self-checkout unit since machines aren't paid minimum wage :(

Lol this is funny timing for a thread like this...because I just happen to be halfway into an essay for school about ways to create job growth in Canada...and one of my main arguments/solutions is to GET RID OF minimum wage.


Also, question for you minimum wage supporters. Why just $10/hour? If minimum wage is such a great thing that benefits workers and helps them earn a fair living wage, then why not $15/hour or $20/hour? Say what you want, but you get my point. Higher minimum wage only helps those already with jobs, not those looking for jobs.



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Lol between Chicago's ridiculous gun control (or lack thereof) and now this...I'd hate to be an inner city Chicago citizen. No jobs and higher crime are in Chicago's future :S



Cobretti2 said:
supermario128 said:
All this would do is speed up inflation...

and reduce crime rate. A couple bux can be the difference between stealing a loaf of bread and buying one.


That loaf of bread is going to increase in price relative to increased costs due to minimum wage standards.



Back from the dead, I'm afraid.

That's just crazy high. You could buy a PS3 game with just 1 hour work!



mo money, mo problems, mo murders Obama won't stop until chicago is a post-apocalypse pirate infested land



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chapset said:
mo money, mo problems, mo murders Obama won't stop until chicago the United States of America is a post-apocalypse pirate infested land