Re: Is $15/hr minimum wage reality?
[Re: Boco]
#7200868
03/01/21 03:11 PM
03/01/21 03:11 PM
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Joined: Mar 2007
Posts: 35,288 McGrath, AK
white17
"General (Mr.Sunshine) Washington"
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"General (Mr.Sunshine) Washington"
Joined: Mar 2007
Posts: 35,288
McGrath, AK
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That didnt happen when Henry Ford raised the wages of all his assembly line workers so they could afford to buy one of his cars. In fact quite the opposite. In fact it created so much demand that he sold more at cheaper prices and increased his own profits in the long term.
That's not quite accurate. I know that is the story everyone has been taught, like the Thanksgiving fantasy, but the truth is a bit more ruthless. Ford raised wages because labor was hard to retain. Overall, wages were rising and his people kept leaving to chase higher wages. So he raised what he was paying in order to take workers from other industries and keep them. The fact that some may have been able to buy a car was an afterthought. Also remember that Ford had just created the assembly line thus increasing productivity of each worker. That's not likely to happen when/if Congress mandates 15$ and hour for someone with no skills.
Mean As Nails
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Re: Is $15/hr minimum wage reality?
[Re: Gary Benson]
#7200881
03/01/21 03:28 PM
03/01/21 03:28 PM
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Joined: Sep 2013
Posts: 10,407 Northeast Oklahoma
Mike in A-town
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I haven't quite figured out if government is full of morons or evil geniuses...
Their track record is to legislate a solution to a problem... And the unintended consequences of the solution create 3 more problems... So they legislate more solutions to the 3 problems they created... And now they have 9 problems to fix. And the cycle continues.
We're at the point that the little Dutch boy is running out of fingers to plug all the leaks.
Mike
One man with a gun may control 100 others who have none.
Vladimir Lenin
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Re: Is $15/hr minimum wage reality?
[Re: k snow]
#7200886
03/01/21 03:32 PM
03/01/21 03:32 PM
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Joined: Dec 2006
Posts: 22,088 Sandhills Nebraska
Gary Benson
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The business world isn't what it was in Henry Ford's days. It is in Canada.
Life ain't supposed to be easy.
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Re: Is $15/hr minimum wage reality?
[Re: Gary Benson]
#7200898
03/01/21 03:37 PM
03/01/21 03:37 PM
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Joined: Jun 2015
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jeff karsten
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Obama raised the minimum wage to 15 when he was in office it quietly disappeared cause businesses cut their employee's hours to less then 40 making them part-time and not eligible You're right White17 people left ford cause he was working them to death and the higher wage meant he'd have a steady supply of fresh meat coming thru the door
olden tyred
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Re: Is $15/hr minimum wage reality?
[Re: jeff karsten]
#7200912
03/01/21 03:48 PM
03/01/21 03:48 PM
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Joined: Dec 2006
Posts: 17,903 Rodney,Ohio
SNIPERBBB
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Obama raised the minimum wage to 15 when he was in office it quietly disappeared cause businesses cut their employee's hours to less then 40 making them part-time and not eligible You're right White17 people left ford cause he was working them to death and the higher wage meant he'd have a steady supply of fresh meat coming thru the door That was obamacare reclassifying 30 hrs as full time.
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Re: Is $15/hr minimum wage reality?
[Re: Steven 49er]
#7200920
03/01/21 03:52 PM
03/01/21 03:52 PM
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Joined: Oct 2009
Posts: 3,635 Pottawatamie co. IA
LLtrapper
"The Coon Combine"
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"The Coon Combine"
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Posts: 3,635
Pottawatamie co. IA
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There will be no stimulus checks either is my prediction. (thank God) LLL Larry, I don't see how the house will allow that to happen. My wager would be that if there isn't direct payments the whole bill dies. Won't be the last time I'm wrong. They will not vote for a bill that does not have it in there and the Senate cannot pass one with it. Very simply all or nothing. LLL
Isaiah 51:6 But my salvation will last forever, my righteousness will never fail.
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Re: Is $15/hr minimum wage reality?
[Re: Gary Benson]
#7200925
03/01/21 03:57 PM
03/01/21 03:57 PM
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Joined: Feb 2008
Posts: 544 UP of Michigan
billy
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the cost of living has outpaced the working mans ability to stay ahead in these times,the wealthy keep getting richer (billionaires now) the guy or gal that wont to work is still the driveing force for the countrys success, thier is to much social give aways now that influences people not to work for a liveing.let the workers earn a wage they can live on. extream inflation not good. we can all say remember when. take care
Billy
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Re: Is $15/hr minimum wage reality?
[Re: billy]
#7200938
03/01/21 04:07 PM
03/01/21 04:07 PM
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Joined: Dec 2006
Posts: 22,088 Sandhills Nebraska
Gary Benson
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the cost of living has outpaced the working mans ability to stay ahead in these times,the wealthy keep getting richer (billionaires now) the guy or gal that wont to work is still the driveing force for the countrys success, thier is to much social give aways now that influences people not to work for a liveing.let the workers earn a wage they can live on. extream inflation not good. we can all say remember when. take care
Let the workers earn a wage they can live on. That's $2400/month gross based on a 40 hr work week. And we give money to those who won't work. What are we going to do for the elderly getting $1000 per month for SS?
Life ain't supposed to be easy.
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Re: Is $15/hr minimum wage reality?
[Re: Rat Masterson]
#7200940
03/01/21 04:08 PM
03/01/21 04:08 PM
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Joined: Dec 2019
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CTRAPS
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Auto workers need to take a pay cut, 40 to 50 Gs for a new truck. See what Ford started. I heard some famer friends complaining about the cost of farm equipment too. According to them, it sounds as though they think the workers wages are causing tractors & combines to be so expensive.
Life Member: ITA, IBA & NRA. Member of SA, MTA, FTA & NTA
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Re: Is $15/hr minimum wage reality?
[Re: beeman]
#7200947
03/01/21 04:12 PM
03/01/21 04:12 PM
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Joined: Dec 2006
Posts: 22,088 Sandhills Nebraska
Gary Benson
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I have been listening to the argument against raising the minimum wage since 1967 when it went to $1.40 per hour. I am sure some businesses were hurt by having to pay their help more than what they were paying them but many survived and prospered. FYI the federal minimum wage has been around since 1938.
I just read an article about workers in Denmark that work at McDonalds that make $20.00 per hour plus benefits and the price of a Big Mac is 80 cents higher than it is here in US.
The last time the minimum wage was raised was in 2009 when it was raised to $7.25. Maybe if we had raised it a little each year we wouldn’t be having this discussion now.
It is time to raise the minimum wage. It might have more support if they were not trying to double it. Denmark doesn't use the dollar, they use the krone. Someone is pimping the numbers.
Life ain't supposed to be easy.
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Re: Is $15/hr minimum wage reality?
[Re: Gary Benson]
#7200958
03/01/21 04:19 PM
03/01/21 04:19 PM
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Joined: Dec 2006
Posts: 17,903 Rodney,Ohio
SNIPERBBB
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the cost of living has outpaced the working mans ability to stay ahead in these times,the wealthy keep getting richer (billionaires now) the guy or gal that wont to work is still the driveing force for the countrys success, thier is to much social give aways now that influences people not to work for a liveing.let the workers earn a wage they can live on. extream inflation not good. we can all say remember when. take care
Let the workers earn a wage they can live on. That's $2400/month gross based on a 40 hr work week. And we give money to those who won't work. What are we going to do for the elderly getting $1000 per month for SS? Ummm...that's 15/hr #maths
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Re: Is $15/hr minimum wage reality?
[Re: Gary Benson]
#7200963
03/01/21 04:22 PM
03/01/21 04:22 PM
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Joined: Dec 2006
Posts: 17,903 Rodney,Ohio
SNIPERBBB
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I have been listening to the argument against raising the minimum wage since 1967 when it went to $1.40 per hour. I am sure some businesses were hurt by having to pay their help more than what they were paying them but many survived and prospered. FYI the federal minimum wage has been around since 1938.
I just read an article about workers in Denmark that work at McDonalds that make $20.00 per hour plus benefits and the price of a Big Mac is 80 cents higher than it is here in US.
The last time the minimum wage was raised was in 2009 when it was raised to $7.25. Maybe if we had raised it a little each year we wouldn’t be having this discussion now.
It is time to raise the minimum wage. It might have more support if they were not trying to double it. Denmark doesn't use the dollar, they use the krone. Someone is pimping the numbers. They're also paying 40-55% in taxes..
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