/biz/ - Business & Finance

>>>/pol/

faggot

>>26368759
we should increase the janny wage
i think we should double it!

>>26368759
Yes Pot washing is a very hard career to do, long hours and hard work should be paid AT LEAST $19 an hour.

I was making 5 dollars an hour when I was a McWagie in 2002 and it was fine because I didn't plan on working at McSlavery my whole fucking life

Socialist shit is to be avoided and will only lead to communism in the long run /thread

>>26368790
>Discussions of government policy must be strictly limited to economic policies (fiscal and monetary)

Read the sticky faggot nigger.

>>26368759
no. 7.50 is good

>>26368759
yes

>>26368861
Lmao

>>26368759
Fuck no!

>>26368759
Our entire economy needs to be reworked. Shitty minimum wage retail and fast food jobs used to be reserved for part time high schoolers and college students, and not meant to be 30 year gigs for middle aged people, yet here we are.

>>26368759
Maybe but not to $15, I was looking at hiring an assistant this year for maybe like $10-12 an hour, going rate for my area but now I'm just going to hire a VA in the philippines, cheaper for me anyway

>>26368803
you can't multiply 0 anon

>>26368759
Abolish minimum wage and let them fight over the scraps tossed to them by their betters.

>>26368759
there should be camps for the unemployed

>>26368960
If you're middle aged and you're still doing that shit, then you might be retarded. I mean seriously, if you can't figure shit out by the time you're 30, you may as well kys.

>>26368972
Yes you can dumbass

>>26368759
There should be no minimum wage. If someone wants to work for $1/hour, why would anyone get in their way?

>>26368803
I agree, increase it from 0 to 0.00

>>26368960
technology kills jobs. we should be doing UBI

Full time at 15 an hour is 2 grand a month after tax. Wagies do not need 2 fucking grand a month to flip patties. I lived off 1k a month for 2 years in order to buy crypto

>>26368803
Kek

>>26369420
*and no i didnt not live wif mummy and daddy

>>26369082
I agree, but a huge swath of our population fits that bill now. I almost never see high schoolers working those jobs. I figure shitty minimum wage jobs is essentially just another part of the welfare state and a jobs program for felons and immigrants from low skill countries.

>>26369483
how did you do that?

>>26368831
unironically those people work harder than 99% of biz. they just never had any start up capital or are too low iq to invest. kinda shitty

>increases minimum wage by X%
>everything becomes more expensive by X%

>>26369420
>My life is shit so everybody should have it that way!

>>26368759

Yes. It should also be raised to at least 20 dollars to keep up with inflation. The 15 dollar minimum wage was brought up over a decade ago. Society would be better off overall if austerity and large scale wealth inequality was less of an issue. We'd all benefit in the end.

t. social liberal

>>26369638
>Get roommates
>Get cheap phone plan (30 a month)
>eat for 5 bucks a day (Never eat out or get delivery)

>>26369658
Working hard is not a merit to be celebrated. Working smart is though. Working hard only makes sense when your working smart.

People make the mistake of trying to work hard to make more money and end up burning themselves out for 50% more wages when they could have just used their brains and tried to reduce their hours while keeping wages the same.

>>26368803
Whats 0 X 2

>>26368759
Yes, it’s time the rich pay a fair share to the worker

>>26369706
Its not though. Thats the thing. People assume they cant have fun unless they are spending money on garbage. All digital media is essentially free and outdoor activites are also basically free

>>26369685
>t. retard

This would only make sense if literally everyone on Earth was paid minimum wage. No one gets paid minimum wage anyway besides highschoolers and single mothers.

>>26368759
It should match the current productivity rate.

increase minimum wage and hold jews at gunpoint so they dont increase the price of consumable goods like they usually do when this happens

aka inflation but use your own breath instead of helium

>>26369533
Checked, but the world needs ditch diggers too.

>>26369685

This isn't actually how it works because not everyone earns minimum wage and the price of everything has been steadily increasing while the minimum wage has remained the same anyway.

>>26368759
I'd raise her minimum wage. With my cock!

>>26368759
These min wage jobs were never meant to be careers.

>>26368759
I have never seen a white fast food worker before.
t. south african

>>26368759
No. It should be dropped.

>>26370320
>price of everything has been steadily increasing while the minimum wage has remained the same anyway.
Now see what happens when the min.wage doubles in most states. I noticed socialists use a lot of anecdotes to make it look like $15 min.wage is fine, for example some guy running a flower shop "pay my employees $20/hr and we're fine!!." The problem with these anecdotes are from businesses that can afford to pay more than minimum wage.

These anecdotes never come from actual businesses that requires dozens or hundreds of grunt work, such as warehouse or ground jobs that form the backbone and foundation of a lot of industries. When their uneducated work suddenly gets paid double, the effects on expenses and prices will rise upwards like a slowly rolling massive snowball, and you'll first notice when your bushel of spinach suddenly goes up 10 cents, then 20 cents, and then 30 cents in a rate never seen before.

Arguing whether even uneducated high-effort-low-intelligence work deserves $15/hr is a debate for another time. You're talking about the effects on prices so here is my argument.

>>26368759
Yes so that way there won’t be anyone at McDonalds to judge me, it will be fully automated

>>26369890
You clearly know shit about economics. What do you think will happen to jobs that previously paid e.g. 15$/h if the minimum wage is raised to 15$/h? People will just be find and dandy with being paid minimum wage? Don't be stupid.

>>26371008
Also yes, minimum wage laws also affect illegal immigrant workers, which constitute the silent majority of minimum wage workers (putting in doubt the "only 2-3% of workers are on minimum wage!!" argument). American laws are so fucked up that illegals (in liberal states for now) can report their employers to the state if they get paid below minimum wage, and not get deported.

Saw it happen already several times here in California. It's fucking bonkers

Yes.

>>26368759
Instead of raising the minimum wage, the government should retroactively put a cap on inflation.

>>26368759
no, but the american government should be the employer of last resort and pay at least 15/hr USD

>>26368759
If you're retarded enough that you can't make a million off of 30k yearly salary. Getting a boost to 50k won't do shit. Even 100k won't be enough for these idiots. They will always be debt slaves, they will be consumers, etc. Ways to get around it is always being net positive, do this and put your savings in any fucking investment. You will then be net positive without doing fucking anything, at this point you can decide if you still want to work with absolutely no liabilities. Simply put be net positive at the end of whatever time frame you're using.

>>26369533
One could argue a huge swath of the jobs available fit that bill so who is the welfare really for? 1/3 of American jobs pay $10.10/hr or less.

>>26371553
trying to cap inflation would mean increasing taxes, which is likely to come soon, but watch the republicans make sure that the lions share of the burden is placed on the 50k to 200k bracket.

>>26371785
>american government should be the employer of last resort
When government jobs pay double than a lot of work, then it won't be a job of last resort. Instead, lots of low income people will swarm to it. When the nation's largest employer is the government, the economy is fucked. This is a symptom of a lot of economically failed totalitarian states in history.

It will be an endless downward spiral of a nation kicking a can down the road by creating jobs out of thin, hot air through taxes and printing money. In addition, totalitarian states love being a large employer as being the people's means of not starving = total control of the population.

>>26372093
lmao. Any more photos like this?

>>26372298

>>26368759
Yes, it will redpill another generation or two as they watch prices inflate everywhere and realize that demanding $15/hr made things worse.

>>26368759
At this point, they may as well raise it to $15. All of the money printing they’re doing is raising costs across the board, most of that money isn’t even going towards the American people.

>>26372430
Lol the next generation will demand a "living wage" of $25/hr.

Do not underestimate human stupidity.

>>26372485
And arbitrarily raising up min wage will make it even worse. I'm all for it cuz i just want to accelerate the collapse.

>>26368759
yes

>>26371427
i've been to this place when i was in austria about 10 years ago. it's the landeszeughaus in Graz. an incredible place to visit, i strongly recommend it.

>>26369890
I have 6 times the buying power of Sheniqua right now working as an engineer. After she gets her $15/hr, I'll have only just over 3 times the buying power. My salary will not be raised when minimum wage goes up. Middle class loses again.

>>26372430
lmao no it fucking won't
they'll just complain again ad infinitum

>>26372794
just under 3*

>>26371008
my income went from 15$ to 18$ and it has significantly impacted my spending power.
I imagine that others in my position would see this.
Yes. a candy bar now costs 2.19 instead of 1.89. Somehow I don't think the extra expenses are adding up to take a chunk out of the increase.
I believe this would be true for a minimum wage increase.

For me, it's the McChicken. The best fast food sandwich. I even ask for extra McChicken sauce packets and the staff is so friendly and more than willing to oblige.

One time I asked for McChicken sauce packets and they gave me three. I said, "Wow, three for free!" and the nice friendly McDonald's worker laughed and said, "I'm going to call you 3-for-free!".
Now the staff greets me with "hey it's 3-for-free!" and ALWAYS give me three packets. It's such a fun and cool atmosphere at my local McDonald's restaurant, I go there at least 3 times a week for lunch and a large iced coffee with milk instead of cream, 1-2 times for breakfast on the weekend, and maybe once for dinner when I'm in a rush but want a great meal that is affordable, fast, and can match my daily nutritional needs.
I even dip my fries in McChicken sauce, it's delicious! What a great restaurant

>>26372692
Definitely on the list of places to go

>>26368790
>NOOOOOOO YOU CANT DISCUSS BIZNUS ON /BIZ/!!!!
>WHAT ABOUT MY 500TH SHIT COIN THREAD???
>REEEEEEEEEEEEEEEE

>>26368759
Imagine being a wagie haha, wtf.

Yep, many uni graduates are about to get a nice rude awakening. Pay the fees goyium.

>>26372958
Until you actually list and add up the delta in expenses, including your telephone, rent (landlords love using min. wage people to maintain their crap) and food expenses, you won't be able to accurately tell the difference. Also the price increase won't happen overnight, which makes it even harder to estimate.

Also, your $15-->$18 is a single drop in the bucket. Imagine if millions of people gets their wages doubled.

>>26368759
https://www.youtube.com/watch?v=Hwz7YN1AQmQ

>>26368759
Yes. Minimum wage hasn't kept up with inflation, so people earn less now.

Bear in mind that the workforce is more educated today (you need to finish school to flip burguers now) and productivity has gone up exponentially. Minimum wage should be higher than 50 years ago, but it isn't.

report and sage all /pol/ threads

>>26372093
are you actually this stupid?
there's a shit ton of the most basic stuff the government can pay people to do, that's not being done. have you seen the roads lately?
and there's many ways the government can fund programs without having total control. ever heard of the post office? or public radio?
if the government is the employer of last resort, private companies will have to compete.
capitalists love competition.
get gud scrub

>>26373303
Wish you retards reported your shit coin threads. Fuck off.

>>26368759
Just print moar bidenbux!

>>26372093
the largest employer in the US is already the government, retard. everything you /pol/ fags complain about is already happening. so just shut up

>>26369658
Work smart not hard, I have over 100 jannies working on my gaming servers and I made 12k USD in the past 30 days after taxes.

Somebody gotta flip my burgers and shelf the food anon.

>>26369890

>>26373356
I don't oppose the concept completely. I'm just afraid that such a program will bloat into something too big for its own good, like most government programs that bloats into a tax-money black hole.

Because government is a massive employer, and because the government runs things, nobody actually checks on how the government spends or check on what they are doing with the money. Also goverment contracting is one of the most corrupt institutions in the nation, where a single project would take forever and cost 2-3x normal cost because it involved a lot of random ass contractors. It will be like the $2 million public bathroom in NYC, but nationwide.

https://www.youtube.com/watch?v=qKRuhiMDOjo

>>26368759
probably yeh. all the studies show that minimum wage does not cause unemployment in the way that classical economists thought it did

>>26368803
I concur good man. A golden jubilee for our fine janitors. Double it!

>>26368759
god i would mcfucking mcrip her clothes off and start pounding her from behind o the counter as a statement of dominance to the fellow burger eaters

>>26372668

>>26372485
>>26372668
>>26374079
Fixing inflation with more inflation!

>>26373884
>I'm just afraid
yeah, most burgers are.
that's why you're so cucked.

>>26368759
no but the country needs sensible fiscal policy

>>26374398
If you don't want to have a debate then just tell me. No need to lash out.

it should be a bannable offense to reply in a /pol/-tier economics post without posting your portfolio. i guarantee all the commies and socies are poor and everyone that says that minimum wage should go away are rich

>>26374779
>normal discussion of wages
>MUH POL BOOGEYMEN
You retards are so tiresome. Just go back to re-ddit fuckhead.

>>26368960
Indeed, jobs that are for student are taken by adutls who then complain that they need a minimum "living" wage, it's meant to make some extra buck not to live off you stupid retards.

>>26368960
>>26375036
so what are these people supposed to do if they need a job and they can't get a better one? and please spare us your lolbertarian nonsense about "they should starve in the streets". there isn't enough good paying jobs to go around anymore.

Tax: flat 20% above $50k
$15 minimum wage
$500/month basic income for everyone
BMI over 25? Lose your $500/month income.
BMI over 30? You go to the camps.
Drug use? You go to the camps.
Drug sales/manufacture? Disappeared.
Living/working here illegally? Disappeared.

>>26375120
>there isn't enough good paying jobs to go around anymore.
Socialists should spend all their effort and energy on destroying the international Megacorporations if they want more good local jobs. Increasing minimum wage will only prolong the macro-level issue and these behemoths will still do fine and continue to choke on the jobs market more and more as their market share gets larger.

>>26375189
Reasonable trades. Throw in a few trees and we got a deal.

>>26368886
This

>>26375120
trade shitcoins

>>26368803
Is there a donation page for them unironically? I feel bad for them and want to help them out. Give the jannies some big money when I win the Mega Millions tonight.

>>26368886
indexing the minimum wage to inflation is not "socialist shit", no matter how many times you retards pretend otherwise.

>>26369658
>unironically those people work harder than 99% of biz

i see what you're saying but nothing puts you through the grinder more than enterprise-level sales or real estate.

Problem solving is exhausting and if you're on salary and commission or 100% commission, OT is not taken into account. you either perform adequately or get canned/don't get paid.

but by far, running a small business is the fucking worst. can be lucrative, but you're a champ if you don't get ulcers.

>>26375942
You're right. Having a minimum wage in the first place is socialist shit so indexing it isn't going to make it any more or less socialist.

>>26376109
wrong again. go back to your /pol/ bubble and stay there.

>>26375189
Yea seems based.

Most policy over the past 50 years has had the effect of crushing everyone below the upper middle class, the only reason minimum wage is an issue is because that is the kind of job that a ton of people are now working to live on as opposed to being a entry level wage. So yeah sure the wage is probably too low, but generally price controls cause unintended consequences and I suspect minimum wage would be just the same. For example it would most likely either have an effect on employment or prices, both of which disproportionately effect different groups. If there is less employment it hurts the people it was meant to help (since they now work less hours for the same compensation in the end), if prices go up, that is like a soft tax on the consumers (middle class) who are then getting further squeezed down into poverty. In this sense a minimum wage is like a band aid solution that doesn't fix the endemic issues that are causing wage suppression at the bottom end of employment.

I think so yeah

>>26375189
We are going to need a lot of camps

>>26376869
Bullish for construction stocks

>>26368887
Minimum wage laws are both fiscal and monetary fucking brainlet.

>>26368759

Yes. Buy $MCD and $CLF

Isnt minimum wage based off of local prices then lowered a bit?
$15 in new york has different purxhasing power than say Appalachia where its the poorest communities in the country. Why is there so much push for federal supremacy when states should have power to control their internal affairs based off the 10th amendment. One could even further argue that by nationally raising tge wage it will directly affect surrounding states, inciting the interstate commerce clause.

>>26375189
I'm honestly confused as to why more of shit like this doesn't exist.

>>26368759
if the minimum wage creates prosperity for all why stop at 15
sky is limit i say raise it to 10.000 per hour, we are printing money now anyways so its just a number right

this was to illustrate that when big banks get trillions nobody bats an eyelid, but when ordinary people get peanuts everybody is in an uproar
the sheep can be sheered as long as they can keep up with the joneses and fight amongst themselves
nothing will be fixed unless there is a return to sound money, otherwise inflation will always outrun wages no matter when random number you pick as mandated minimum wage

YES

>>26376347
Lol someone got triggered, give him an agrument instead of crying faggot.

>>26377854
Correct.

>>26368759
depends on the city.
some places have already raised minimum wage.
some places don't need a very high minimum wage.
some places it's too low.

>>26379192
Id like to seem them do a cost of living based national minimum wage but congress can’t even give out free money so that would never happen

>>26369793
that's acutally rescpectable anon, are you making now tho?
best of luck anyway

>>26369872
a grand a month is barely enough to live off of and most jobs are shit, I don't get why having a bunch of people become homeless is acceptable

>>26368759
yes so more fiat can flow into crypto

>>26371847
Are you a millionaire anon?
Why are you posting here?

>>26368759
the minimum based should be raised. theres a lot of sissy faggots>>26368790

>>26368759
Yes but only if we send all the Africans back to Africa and all the Mexicans back to Mexico. Minimum wage can't be raised with illegal laborers .

I was wondering about this. If minimum is raised to $15, won’t everything just get more expensive? Thereby anyone making let’s say $15.50 prior to the raise is now broke? I ask because I don’t know this shit.

>>26375120
their standard of living wouldnt be jeopardized without government intervention

>>26381633
Are you seriously concerned about inflation after the government quantitatively eased your asshole for big business? Is this some kind of slave mentality

>>26368759
Minimum wage is what I call my cock and yes it should be raised inside of her :)

>>26372794
Anyone making 15$/hr right now, in a job more specialized than burger flipping will have the power to say "well fuck you boss, I can make the same money at McDonalds and I can get a job there today" and bosses will cave and give them the 20 or 25$.

This is the tide lifting all the boats kind of situation.

If you're not making solid six figures, in a legitimate 9 to 5 job, not shitcoin gambling, you have nothing to lose.

>>26381498
If we do that I guess I'd wish for a Coke.

>>26381633
they aren't printing anything but raising the minimum that employers have to pay their employees, pricing out less skilled workers/youth from a job. i recommend listento peter schiff if you don't know anything

>>26368886
>and will only lead to communism

not really though

>>26377377
That's my fucking point you nigger, that means it can stay on /biz/ and doesn't have to go to /pol/

>>26368759
No!

min wage should be relative to the employer and increase/decrease to mirror how much profit the employer makes each year. It should be law and any greedy mother fucker employer who is caught trying to go around this will be shot on the spot

>>26368790
FPBP

> minimum wage
> mass illegal immigration

choose one.

>>26375942
it's the inflation that is the real socialism

Imagine making $15-20 an hour already with a an okay job and then all of a sudden high school kids and illegal immigrants with no education or skills double their wage overnight and are now making as much as you. That's gotta be the ultimate cuckery.

>>26377377
>The absolute state of /biz/
you are fucking retarded

>>26369685
brainlet

>>26385873
Anyone making $40-60k at a full time job is unironically basically making minimum wage now lmao holy kek

>>26375189
why would you need minimun wage if you have basic income? it's more efficient to remove minimum wage and move that weight to taxes to fund basic income.