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CBO: $15 minimum wage hike would cost 1.4M jobs

Discussion in 'BBS Hangout: Debate & Discussion' started by Amiga, Feb 9, 2021.

  1. tinman

    tinman Contributing Member
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    @AroundTheWorld
    @ROXRAN
    @CrixusTheUndefeatedGaul

    Dynamic pricing ?!
    lol the prices for Big Macs changing every day or hour
     
  2. Rocket River

    Rocket River Member

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    Simple.

    2023:
    CEO paid 20 million
    Investors make Millions
    Company overall makes 40 Billion in Profits
    Employees paid 10$ and Hours

    Moving them to 20$ and Hours would cost the company 10 Billions Dollars

    That would mean
    CEO makes 15 million
    investers making 3/4 of Millions
    The Comany only makes 30 Billion in Profits
    THIS IS ABSOLUTELY SACRELIGE TO CAPITALIST!!!
    IT IS AN ABSOLUTE SIN THAT THE COMPANY MAKES LESS PROFITS THAN THE PREVIOUS IN
    so
    The Company MUST RAISE PRICES TO MAKE THE PROFITS 45 BILLION
    They will insist the cost increases are due to the Employees getting the extra money

    Inflation = Record Corp Profits
    InFlation = Making Less Profits is a Sin . . . . So Allowing employee salaries to cut in to profit is simply not an Option

    Rocket River
     
  3. tinman

    tinman Contributing Member
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    You want surge pricing for food like surge pricing on Uber?
    @Space Ghost

    that’s looney tunes economics breh

    one day you pay $5 for a Wendy’s baconator but tomorrow it’s $10?
    @CrixusTheUndefeatedGaul
    @AroundTheWorld

    be happy you don’t live in California your wallet thanks you


    Jalen green makes more money than Jeff green
    captialism
     
    Space Ghost likes this.
  4. hooroo

    hooroo Member

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    companies are making record profits but laying off employees and raising prices. "environmental policies" are their next target.
     
    T_Man likes this.
  5. tinman

    tinman Contributing Member
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    @ROXRAN
    @El_Conquistador
    @basso
    @Os Trigonum
    teens get fired , all of them

    yeah so small business can’t afford the $20 minimum on top of high taxes and high crime

    what did woke people think would happen when you increase costs ?
    I know people here are like oh big companies blah blah but they forget there are way more small companies who are going to drop their workers
    @Space Ghost
     
    Salvy likes this.
  6. tinman

    tinman Contributing Member
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    Salvy likes this.
  7. Salvy

    Salvy Member

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    The only safe job in California is Panera bread, you know..... Because of the fresh oven baked bread that excludes them from the $20 minimum wage everybody else who does not have fresh oven baked bread have to pay.... In a year or two the only business open will be Panera bread....
     
    tinman likes this.
  8. tinman

    tinman Contributing Member
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    The high school kids that are getting let go so they can’t work at McDonald’s or other food joints is going to be fun for their parents
    They already bored now they will ask mom and daddy for money cause woke purple hair people thinks it’s fair to pay people a high rate for a part time job for teenagers
     
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  9. Salvy

    Salvy Member

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    Omg its going to be a nightmare for the woke liberal parents who they themselves work normal 9-5 jobs in their liberal ran states, neither them or their gender studies children will be able to get work.... At least no more mean tweets.....
     
    tinman likes this.
  10. tinman

    tinman Contributing Member
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    @ROXRAN

    Yup , franchisers have to close their stores
    Good work California!

    dude who worked hard from the bottom to get all these restaurants then having to close his stores and firing people is the states fault
    profitably not feasible


     
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  11. Salvy

    Salvy Member

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    This dude needs to look into Panera, Biden and woke dumb liberals are killing middle America and small business.....Who would have thought increasing minimum wage to $20.00 for a job that virtually anyone can do would cause businesses to close because it is no longer profitable...
     
    ROXRAN likes this.
  12. astros123

    astros123 Member

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    "Dumb woke liberals are killing middle America" lol
    Vs
    Reality : household wealth to debt ratios are near record highs. Middle America is literally booming right now. All you dipshits do is lie for a living



    If you're doing bad right now with record job growth and stock market at all time high then you're an idiot
     
  13. Salvy

    Salvy Member

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    Think there is a way to get this graph to the people losing their jobs in California? This should make them feel better, they are booming right now... They should be grateful...
     
    ROXRAN and tinman like this.
  14. tinman

    tinman Contributing Member
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    @Space Ghost

    woke burger flippers say ‘well Elon makes a billion dollars , and I flip 1000 burgers, so i should get paid more’

    so woke gave them $20/hr except the cost is too high for burger flippers
     
  15. astros123

    astros123 Member

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    Woke burger flipper? Do you realize how stupid you sound? You think minimum wage workers have the time for culture wars?

    Jesus christ you people sound so effin stupid
     
  16. tinman

    tinman Contributing Member
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    Mainstream media understands math

    they aren’t going to pay Jake Landal , Jalen Green money
     
  17. astros123

    astros123 Member

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    There's massive protests in streets in Europe as farmers are literally burning **** down. Uk/Germany is in a bad recession, China stock market is collapsing while youth unemployment is 20%+.

    Folks in America have no idea how good they have it. The rest of the world is crap economically. Usa survived cuz we pumped 4 trillion dollars of spending. These right wing donks @tinman are braindead

     
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  18. tinman

    tinman Contributing Member
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    @ROXRAN
    Woke people are for the Arabs right ?
    No
    Not if he’s a small business owner in Cali .
    ‘Looking at other states’
     
    ROXRAN likes this.
  19. ROXRAN

    ROXRAN Contributing Member

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    You have to look at other states - Big reason why the small city of Murfreesboro TN is growing so fast- as well as trendy areas such as Brentwood , Franklin and Nolensville with massive transplants from California- a complete liberal woke state FAILS businesses, the middle class, crime among many other things.
     
  20. dmoneybangbang

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    https://www.bea.gov/sites/default/files/2024-03/stgdppi4q23-a2023.pdf

    Perusing through nominal growth rates for 2023 show rather solid growth for the year--Florida posted peak China-esque growth last year, a whopping 9.8% for 2023, Washington state also posted big numbers 8.6%---as far as the 2 largest state economies, TX 6.7% and CA 6.1%. California has likely surpassed $4T this current quarter. Japan is at $4.2T and Germany at $4.4T so CA is getting really close to becoming the third largest economy after the rest of the US and China.

    Your rhetoric doesn't match reality.
     

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