athena
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Sun Jan-14-07 12:01 AM
Response to Reply #2 |
| 75. Do you also have a problem with CEO's getting paid too much? |
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Edited on Sun Jan-14-07 12:05 AM by athena
Do you (and shareholders) worry that the millions of dollars in wages and stock options, as well as the generous startup and retirement packages that go to CEO's, CFO's, COO's, and others at the top, cut into profits and result in higher prices?
Why is it that the public is so stingy when it comes to a small increase in the minimum wage but doesn't have a problem with rising wages/benefits at the topmost levels? Is a CEO really worth thousands of times more than a minimum-wage employee?
When the minimum wage goes up, workers are able to spend more, and sales go up. Any increase in the minimum wage goes directly into spending -- whereas increases at the top levels tend to go to offshore tax shelters, overseas vacations, etc.
The evidence does not back your assertions, by the way. Several states have had very high minimum wages for a while now and have been doing very well.
P.S. Are you also for universal health care? Now that would lower operating costs for small businesses.
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| -The insane argument against raising the minimum wage |
BOSSHOG |
Jan-11-07 12:48 PM |
#0 |
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You're right |
benddem |
Jan-11-07 12:50 PM |
#1 |
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Where's the money going to come from to raise the min wage? |
Squatch |
Jan-11-07 12:50 PM |
#2 |
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Profits. n/t |
cosmik debris |
Jan-11-07 12:58 PM |
#8 |
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OK, so are shareholders of companies are going to allow |
Squatch |
Jan-11-07 01:02 PM |
#9 |
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Where are you going with this? |
cosmik debris |
Jan-11-07 01:03 PM |
#12 |
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Can you answer my initial question? |
Squatch |
Jan-11-07 01:06 PM |
#14 |
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I don't know what you are trying to trap me into saying |
cosmik debris |
Jan-11-07 01:08 PM |
#15 |
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If you can't answer the question, then that's alright. |
Squatch |
Jan-11-07 01:11 PM |
#16 |
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I don't see the point in answering your inane questions. n/t |
cosmik debris |
Jan-11-07 01:15 PM |
#17 |
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If you can't engage in discussions, why come to DU? |
Squatch |
Jan-11-07 01:40 PM |
#28 |
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If you can't explain your point, why come to DU? n/t |
cosmik debris |
Jan-11-07 01:42 PM |
#29 |
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The poster said "Profits." Didn't that answer the initial question? |
beyurslf |
Jan-13-07 12:03 PM |
#69 |
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He's disputing that corps will cut profits. |
donco6 |
Jan-11-07 01:15 PM |
#18 |
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Yes, also an option. Bottom line, wage expense comes from operating income. |
Justitia |
Jan-11-07 01:18 PM |
#20 |
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And if I'm not mistaken are |
POAS |
Jan-11-07 01:22 PM |
#22 |
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And basic Economics |
cosmik debris |
Jan-11-07 01:22 PM |
#23 |
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Yup, as a double major of accounting & economics, I concur. Silly arguments abound. -eom |
Justitia |
Jan-11-07 01:28 PM |
#26 |
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Not exactly |
AJH032 |
Jan-13-07 12:28 AM |
#58 |
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And where do you think operating income comes from? |
Squatch |
Jan-11-07 01:45 PM |
#30 |
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Do you want to talk income stmts? Happy to do so! But, what is your original point? |
Justitia |
Jan-11-07 01:52 PM |
#31 |
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And if you had passed Business 101 you would know |
cosmik debris |
Jan-11-07 01:55 PM |
#32 |
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Well, there you have it. |
Squatch |
Jan-11-07 02:09 PM |
#33 |
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You're jumping to conclusions |
cosmik debris |
Jan-11-07 02:16 PM |
#34 |
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Every company that I've ever worked for would rather |
Squatch |
Jan-11-07 02:17 PM |
#35 |
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Reduced staff -> reduced production |
cosmik debris |
Jan-11-07 02:21 PM |
#37 |
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I submit: instead of reduced staff, "outsourced" staff. |
Squatch |
Jan-11-07 02:24 PM |
#38 |
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I guess that was your point all along |
cosmik debris |
Jan-11-07 02:41 PM |
#39 |
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Aren't many minimum wage jobs a bit hard to send overseas? |
Bridget Burke |
Jan-11-07 02:53 PM |
#41 |
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Thanks to the neo-liberal, neo-cons |
ProudDad |
Jan-12-07 11:37 PM |
#52 |
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Were you one of the employees laid off? |
Bridget Burke |
Jan-11-07 02:51 PM |
#40 |
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It's considered a "cost of doing business" - can I give you a real world example? |
Justitia |
Jan-11-07 02:18 PM |
#36 |
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How many small businesses have shareholders & boards of directors? |
Justitia |
Jan-11-07 01:16 PM |
#19 |
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The board of directors |
pennylane100 |
Jan-11-07 01:23 PM |
#24 |
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Exactly. Some are trying to conflate issues that are not related or relatable. -eom |
Justitia |
Jan-11-07 01:26 PM |
#25 |
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Prices are typically set according to what the market will bear... |
htuttle |
Jan-13-07 09:31 AM |
#66 |
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Ahhh, the greedy owners pocket? |
napi21 |
Jan-11-07 01:03 PM |
#11 |
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The same place it comes from to pay million dollar parachutes |
pennylane100 |
Jan-11-07 01:19 PM |
#21 |
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And I wonder which total $$$ amount is bigger? |
dicksteele |
Jan-11-07 03:23 PM |
#42 |
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Thanks - very important point. |
beaconess |
Jan-13-07 08:35 AM |
#63 |
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Raising minimum wage will raise gross wages paid by .05 percent, IIRC |
1932 |
Jan-13-07 03:13 AM |
#60 |
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It is absolutely going to come.. |
sendero |
Jan-13-07 08:15 AM |
#62 |
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Increased revenues, no Segway Polo League |
krispos42 |
Jan-13-07 04:09 PM |
#70 |
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Do you also have a problem with CEO's getting paid too much? |
athena |
Jan-14-07 12:01 AM |
#75 |
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There needs to be a book published of all the insane arguments |
bobbolink |
Jan-11-07 12:51 PM |
#3 |
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The National Urban League has put out a great report knocking down minimum wage myths |
beaconess |
Jan-13-07 08:50 AM |
#64 |
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A good gauge for minimim wage should be |
William769 |
Jan-11-07 12:51 PM |
#4 |
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But, business customers will have more money with higher wages. |
Deep13 |
Jan-11-07 12:52 PM |
#5 |
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So EVERY American pays a couple pennies more so that working guys can eat |
Atman |
Jan-11-07 12:53 PM |
#6 |
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funny |
ayeshahaqqiqa |
Jan-11-07 12:57 PM |
#7 |
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Have you considered a union? |
POAS |
Jan-11-07 01:04 PM |
#13 |
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I used to be in the NEA |
ayeshahaqqiqa |
Jan-11-07 06:37 PM |
#44 |
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Too bad! |
POAS |
Jan-11-07 07:40 PM |
#45 |
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Check out |
ProudDad |
Jan-12-07 11:41 PM |
#53 |
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You'll notice that people who argue against raising the minimum |
Sentinel Chicken |
Jan-11-07 01:02 PM |
#10 |
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Oh, my, NO! What would happen to their furs and yachts???? |
bobbolink |
Jan-11-07 01:31 PM |
#27 |
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I made $3 over minimum, and just lost my job. |
SanCristobal |
Jan-13-07 12:16 AM |
#57 |
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Without more detail, a good response is impossible |
krispos42 |
Jan-13-07 04:31 PM |
#71 |
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No outsourcing, I worked services. |
SanCristobal |
Jan-14-07 12:24 AM |
#76 |
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Yeah, race to the bottom |
krispos42 |
Jan-14-07 01:38 AM |
#77 |
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I heard it the other night |
loyalsister |
Jan-11-07 05:13 PM |
#43 |
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Why would you not order from there again? |
doc03 |
Jan-11-07 09:01 PM |
#47 |
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I assume he was repeating what he had been told.. |
loyalsister |
Jan-12-07 10:34 AM |
#48 |
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Sounds like another business that doesn't merit patronizing |
ProudDad |
Jan-12-07 11:43 PM |
#54 |
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For small businesses an increase in the minimum wage, if they are paying it |
pampango |
Jan-11-07 08:55 PM |
#46 |
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Agreed |
AJH032 |
Jan-13-07 12:31 AM |
#59 |
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It\'s not an insane argument--it is at least partly true (but read on.... |
DuaneBidoux |
Jan-12-07 12:39 PM |
#49 |
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If that was true then the best jobs in America would be clerking at the corner gas station. |
baldguy |
Jan-12-07 01:11 PM |
#50 |
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The corner gas station owner |
ProudDad |
Jan-12-07 11:45 PM |
#55 |
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Fair Minimum? |
Mikey929 |
Jan-12-07 01:57 PM |
#51 |
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How about a better vision of society? |
ProudDad |
Jan-12-07 11:58 PM |
#56 |
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Nice Dream |
Mikey929 |
Jan-13-07 08:07 AM |
#61 |
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Oh, right - let's just have Oligarchy - or better yet, slavery! |
kenzee13 |
Jan-13-07 09:25 AM |
#65 |
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Chill |
Mikey929 |
Jan-13-07 09:36 AM |
#67 |
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In the Bay Area, that's not unreasonable |
krispos42 |
Jan-13-07 04:43 PM |
#72 |
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It IS a nice dream and it's also easily possible |
ProudDad |
Jan-13-07 05:40 PM |
#73 |
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Deleted message |
Name removed |
Jan-13-07 10:40 AM |
#68 |
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When I started as an accountant back in the 1970's.... |
WCGreen |
Jan-13-07 06:04 PM |
#74 |
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