$15 per hour Minimum Wage: most efficient and effective way to re-distribute the wealth.

I own an essential business. You have no idea.

I doubt it. How many "rich" people are going to use minimum wage people? It IS a great way to produce Unemployment for people not worth $15/hr.

It's their way to kill the dollar. Global Reset 2030.

$15 per hour will be a total mess.

As I see it, lets take as an example a minority no college fast food worker.

She works at McD's for $8 an hour perhaps 15 to 20 hours per week. Not full time as the company would then be required to offer benefits; Cant have that as its not 1950 any more...

As a single mother with 2.3 kids she gets a average over $500+ a month food stamps based on her low income. The lower the income the more food stamps you get. She and her children are 100% fully covered under State Medicare, She pays zero co/pay for her children and her co/pay If she has one is under $3 per doctor visit, all based on her low income...

She lives in a section 8 house / apartment based on her low income. She may have a live in boyfriend that may help pay for something ( perhaps a cell bill ) if the free Obama phone is not good enough.

She now will get the new $15 an hour but now she makes to much money to qualify for the section 8, medicaid and food stamps.

This McD's worker will be begging for her $8 back or will drop out of the work force all together.

McD's will go full AI automated kiosk and if you want a burger you order with a app using your $1,200 iPhone no $15 an hour employee required.

Or, perhaps the new recent college grads with $50K in student loans will now be the ones taking your McRib order and collecting that $15 per hour living in mom and dads basement with the only goal in life is to make sure mom don't smell that now legal NJ weed....

Looking on the bright side... That $15 per hour in the long run will do one thing for ME as I see it.

Be it a college grad or a robot my McRib may then actually make it inside the bag as I drive away from the window.

Every time I get home something is always missing from my McD's order. Im fine with $15 an hour as long as my McRib is in the bag when I get home...

If they keep their job.

Whose wealth??

A few states/cities already have a $15 minimum wage. A low minimum wage is the equivalent of transferring the cost of employees to the state and taxpayers in the form of social services such as subsidized food and health benefits. Taxpayers are footing the bill for businesses employees. Minimum wage indexed to inflation is no different than social security payments indexed to the same. The whole problem is the minimum wage has been stagnant for decades with only small increases.

Have you ever gotten more pieces of take-out chicken than you ordered? Me either. You would think that minimum wage workers would Sometimes make a mistake in your favor. Or maybe they just get tired of reaching out for another piece of chicken.

If a business can't afford to pay a living wage to it's workers it was going to shut down eventually anyway or it would have eeked along being a nonfactor in the economy.

Insulating everyone from every possible bad outcpme isn't how a society moves forward. Besides, these minimum wage hikes take effect over about a decade. It's not $7.25 today and $15 tomorrow. Any business that cannot adapt over that period of time frankly isn't worth the effort and isn't doing anyone much good, even it's owner.

all prices get readjusted . . .
water always seeks its own level.

I own a small manufacturing company.

May I inject a bit of reality?

My company does not compete solely with US companies. We have to compete with manufacturing companies around the world who pay as little as $.20/hr.

A lot of our work requires NO prior skills or training. For example, the lowest paid employees sandblast parts all day. Their work is not WORTH $15/hr in the world market.

So, the consequences of a mandated $15 hr.

1. Layoff anyone who cannot PRODUCE $15/hr in work or completed products. That means 80% of our workers. We may try to replace some with higher paid people who can produce far more per hour.

2. Purchase and utilize equipment that replaces the low paid worker. For example, I can purchase a mass finishing machine that removes surface oxides and heat scale as well as the guy sandblasting. Machines don't cost much when they are idle. Humans have to be kept on payroll or laid off.

3. We will have to raise our prices. Expect that $15/hr benefit to be offset by higher prices on everything you buy.

4. The USA will lose MORE manufacturing jobs and profits to those cheap overseas competitors. Importing parts leads to supply chain problems because of shipping delays. This will hurt the end manufacturers such as auto plants.

5. The poorest and lowest skilled workers will lose their jobs while the higher skilled will be in more demand.

And the politicians, leftist university economists, media whores, and billionaires will not suffer at all. They can congratulate themselves on sticking up for the worker when in reality, another peon is sacrificed to socialist economics.

I have got to get off this site if someone does not understand basic economics.

C'mon man, you know, the things, um, er wealth.

Labor Unions largely did themselves in thru corruption and overwhelming demands not only on the labor industry they served, but also the greedy grab of any gains produced by the collection of union fees and monthly dues demanded from the actual laborers.

They squeezed every dollar they could from both ends and scraped much of it off the top for the pockets of the top select, the rest squandered on political parties and what can only be described as kickbacks for individual politicians so they could ensure their continued control over both corporate cronies and union members.

Corporations survive and do so profitable because those expenses are simply passed to the end consumers by charging more for whatever widget they provide. In effect the same union members already paying any gains made back to the unions they mandated dues and fees, higher taxes to government cronies and now must cover the burdens of higher retail prices passed on by corporations in effect getting screwed 3 times over and essentially worse off than before.

Maybe if unions stayed out of politics as well as corporations and we the people could actually profit from our labors, then we could work on taking back our government. When you have hundreds of billions dollars raised for people that work for less than 9 months out of each year and only produce annual raises for themselves and only produce laws which benefit both unions and corporations, you could say we have a problem which has nothing to do with a 15 dollar an hour minimum wage

Prices will increase by double or more and workers will be laid off or fired.
The people not laid off or fired will be doing double the work they normally do.

The people it will hurt the most will be the people on fixed income like social security. Their wages will not increase but the prices they pay things will double.

You can't see jack shit.

Everything will rise proportionally and they will be in the same position.

I thought working hard and making something of yourself was the most efficient way.

might be okay for high cost areas, but the small city/town and rural businesses would suffer bad

What is this magic 15 number anyway? Why not 16 or 20?

GOV needs to get out of the way, that's how you help the working man FFS.

So when everyday products increase in price because of raised minimum, $15/hr won’t buy as much. Not very smart.

Absolutely.

Fiat-currency or fiat-created .. 'money' .. is nothing but an endless enslavement to its creators.

Eventually one family or one entity owns everything (physically worth owning) on the planet, because everyone else will be indebted to that (lending) entity/person/family.

Which was why fiat was likely created and used in the first place.

Robbery via inflated currency.

$15 per hour minimum for all companies with more than 50 employees.

win/win

Well, hopefully the Capitalists will be prohibited
from moving their operations overseas to get cheap labor.

.

you mean the Rothchilds? and when i was younger i thought that a single family couldn't create and profit from wars

Fuck this mess...good pinata though I think!

ANyhow...Trumps on in a minute or so...

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What about those not working or those on a fixed income?

What happens to the value and spending power of their savings? Since savings-interest rates are essentially zero still.

Next they will say you must hire X number of people.

You must provide health care.

You must pay overtime starting at 20 hours a week.

You may not fire anyone.