The Minimum Wage Eats Restaurants

[Dashinka 25,856]

Just now, Teddy B said:

The majority of CEO's and business owners are far over paid compared to the rest of their workforce. Most of them are thieves living off the sweat of the workers in their company that do the real work. CEO's pay has increased over 935% in the past 35 years, while the average workers salary has barely increased at all. It's a heavily lopsided system that needs to be regulated.

 

Perhaps you could address the plan I suggested and give your input rather than tossing labels around and blaming the "gov't boogeyman"? Then again................

The plan you suggested is clearly just wealth re-distribution which is a tenant of Socialism, so how is that labeling, it is just stating a point.  You clearly feel that no CEO, or high earner can be worth what they are being paid (i.e. everyone is worth the same which borders on Communism).  There are clear examples of what happens when the government tries to meddle in the free markets such as price controls, wage controls, supply control, you name it.  It all smacks of socialism which always fails.  If the workers work the same amount of hours as a business owner and take on the same risks, then you can start talking about equal pay.  If the workers feel they are being exploited, then they have several options as this is not Venezuela.  I can tell you first hand most small business owners including those that own an established franchise put in a lot of hours and take on a lot of risks to make their business successful, and with our controlled free market system they have an incentive to do that.  Take that away, and who would take the chance, we could all just work for the government.

[CaliCat 3,957]

4 minutes ago, Teddy B said:

It's even more funny watching you so called business experts throw around buzz words like "socialist" and "social justice economics" and act like you know what you're talking about all the while sitting in your cubicle wondering how you're gonna pay the rent this month.

 

They don't have a clue how the economy works, and they wouldn't know how to read the numbers if you slapped them in the face with BEA data. 

[IAMX 3,055]

5 minutes ago, Teddy B said:

It's even more funny watching you so called business experts throw around buzz words like "socialist" and "social justice economics" and act like you know what you're talking about all the while sitting in your cubicle wondering how you're gonna pay the rent this month.

Beats living in mothers basement protesting Trump all day,  standing around holding signs and complaining about what others have as if that's accomplishing anything in life. #Resist 

[bcking 3,157]

2 minutes ago, IAMX said:

If businesses thought they were overpaid they'd pay them less. I trust them to figure out what's more valuable to themselves than leftists trying to figure out for them. 

 

Also just to note you're talking about the highest paid CEOs in your example, and of incorporated businesses, ignoring the vast majority of businesses are small businesses under sole proprietorship or partnership. Those businesses often have owners who barely get by. And those people stand a very likely chance of going under by implementing leftist policies aimed in tunnel vision style at corporations. This epitomizes why they are who they are and why leftists are leftists and always whining about others being successful while pitching crappy ideas and being useful to virtually no one. 

If a "small business under sole proprietorship" is "barely getting by" while not paying their employees a fair wage, they don't deserve to get by.

 

Just like individual employees may need to be fired from jobs if they aren't doing well, there is no reason to prop up a small business by allowing them to cut corners when it comes to supporting their employees. Sometimes small businesses have to fail.

[Teddy B 17,252]

1 minute ago, IAMX said:

If businesses thought they were overpaid they'd pay them less. I trust them to figure out what's more valuable to themselves than leftists trying to figure out for them. 

 

Also just to note you're talking about the highest paid CEOs in your example, and of incorporated businesses, ignoring the vast majority of businesses are small businesses under sole proprietorship or partnership. Those businesses often have owners who barely get by. And those people stand a very likely chance of going under by implementing leftist policies aimed in tunnel vision style at corporations. This epitomizes why they are who they are and why leftists are leftists and always whining about others being successful while pitching crappy ideas and being useful to virtually no one. 

You'd be a fool for trusting business owners to do the right thing for their employees, history proves that. just look back at how workers were treated in the early 1900's before there was gov't oversight. Yes, let's trust business owners to do what's right for us, because they've done so well at that in the past.

 

If businesses are just scraping by, then they will not be effected by a percentage based payroll plan, only the companies that are top heavy with profits will. I'm surprised your keen sense of business didn't pick up on that.

 

Funny thing about most so called conservatives, they tout the conservative mantra all the while not realizing they are being taken advantage of by the very system they support.

[bcking 3,157]

2 minutes ago, Bill & Katya said:

The plan you suggested is clearly just wealth re-distribution which is a tenant of Socialism, so how is that labeling, it is just stating a point.  You clearly feel that no CEO, or high earner can be worth what they are being paid (i.e. everyone is worth the same which borders on Communism).  There are clear examples of what happens when the government tries to meddle in the free markets such as price controls, wage controls, supply control, you name it.  It all smacks of socialism which always fails.  If the workers work the same amount of hours as a business owner and take on the same risks, then you can start talking about equal pay.  If the workers feel they are being exploited, then they have several options as this is not Venezuela.  I can tell you first hand most small business owners including those that own an established franchise put in a lot of hours and take on a lot of risks to make their business successful, and with our controlled free market system they have an incentive to do that.  Take that away, and who would take the chance, we could all just work for the government.

Nothing in the post you quoted suggested that CEO's should be paid the same as every other employee.

 

Yes a small business owner that has only a handful of employees is likely taking a lot of risk, and is likely working very hard and very long hours. Yes they should be paid more. But they also shouldn't be able to hire employees and pay them a salary that you cannot live on. If they can't afford to pay them fairly, they can't afford the employees. They either run whatever business they have themselves, or close up shop. 

 

[CaliCat 3,957]

1 minute ago, Bill & Katya said:

The plan you suggested is clearly just wealth re-distribution which is a tenant of Socialism, so how is that labeling, it is just stating a point.  You clearly feel that no CEO, or high earner can be worth what they are being paid (i.e. everyone is worth the same which borders on Communism).  There are clear examples of what happens when the government tries to meddle in the free markets such as price controls, wage controls, supply control, you name it.  It all smacks of socialism which always fails.  If the workers work the same amount of hours as a business owner and take on the same risks, then you can start talking about equal pay.  If the workers feel they are being exploited, then they have several options as this is not Venezuela.  I can tell you first hand most small business owners including those that own an established franchise put in a lot of hours and take on a lot of risks to make their business successful, and with our controlled free market system they have an incentive to do that.  Take that away, and who would take the chance, we could all just work for the government.

 

I think you're going all the way to the other side of the discussion. I think the idea here is that dividends and profit could be better distributed within the organization. In other words, would stockholders understand that in order to provide better service and to encourage employee loyalty, the company might be better off by paying better wages? Some companies and many stockholder do. 

 

Check out the wages at places like In-N-Out, which is a perfectly common type of business. Their employees are well paid, as are the stockholders and C-level execs. 

[JimandChristy 1,689]

The right have no idea what Socialism is, it's just a word they throw out there to scare people. Socialism is already here but they don't even know it.

[Teddy B 17,252]

6 minutes ago, Bill & Katya said:

The plan you suggested is clearly just wealth re-distribution which is a tenant of Socialism, so how is that labeling, it is just stating a point.  You clearly feel that no CEO, or high earner can be worth what they are being paid (i.e. everyone is worth the same which borders on Communism).  There are clear examples of what happens when the government tries to meddle in the free markets such as price controls, wage controls, supply control, you name it.  It all smacks of socialism which always fails.  If the workers work the same amount of hours as a business owner and take on the same risks, then you can start talking about equal pay.  If the workers feel they are being exploited, then they have several options as this is not Venezuela.  I can tell you first hand most small business owners including those that own an established franchise put in a lot of hours and take on a lot of risks to make their business successful, and with our controlled free market system they have an incentive to do that.  Take that away, and who would take the chance, we could all just work for the government.

It's not simply wealth distribution, it's fair pay for everyone depending on the job they do. I don't expect the ground floor people to earn the same as the higher ups, but the way it works now, most big companies take advantage of their workers for higher pay for the few at the top. It's a proven fact that this happens, I'm not making it up. The middle and lower classes are getting stomped on by big corporations. The way the system works now is the real "weath re-distribution" by taking from the poorer people and giving more to the rich. This is not what capitalism is supposed to deliver, but it does. The trickle down affect is a myth, it's never worked.

[Dashinka 25,856]

10 minutes ago, bcking said:

If a "small business under sole proprietorship" is "barely getting by" while not paying their employees a fair wage, they don't deserve to get by.

 

Just like individual employees may need to be fired from jobs if they aren't doing well, there is no reason to prop up a small business by allowing them to cut corners when it comes to supporting their employees. Sometimes small businesses have to fail.

I agree, they should finds ways to make it more viable and if that means firing employees and taking on more work themselves, then so be it.

[CaliCat 3,957]

2 minutes ago, Teddy B said:

You'd be a fool for trusting business owners to do the right thing for their employees, history proves that. just look back at how workers were treated in the early 1900's before there was gov't oversight. Yes, let's trust business owners to do what's right for us, because they've done so well at that in the past.

 

If businesses are just scraping by, then they will not be effected by a percentage based payroll plan, only the companies that are top heavy with profits will. I'm surprised your keen sense of business didn't pick up on that.

 

Funny thing about most so called conservatives, they tout the conservative mantra all the while not realizing they are being taken advantage of by the very system they support.

It is sad indeed, but it explains a lot of the cool-aid drinking that goes around. The best captive, is the one who enjoys captivity.

[Teddy B 17,252]

Just now, CaliCat said:

It is sad indeed, but it explains a lot of the cool-aid drinking that goes around. The best captive, is the one who enjoys captivity.

It's like "hey what's that he's talking about, give more money to the people that really earn it? Well that's just wrong, and, and, and SOCIALIST!! It reminds me of the old witch trials.

[IAMX 3,055]

9 minutes ago, Teddy B said:

You'd be a fool for trusting business owners to do the right thing for their employees, history proves that. just look back at how workers were treated in the early 1900's before there was gov't oversight. Yes, let's trust business owners to do what's right for us, because they've done so well at that in the past.

 

If businesses are just scraping by, then they will not be effected by a percentage based payroll plan, only the companies that are top heavy with profits will. I'm surprised your keen sense of business didn't pick up on that.

 

Funny thing about most so called conservatives, they tout the conservative mantra all the while not realizing they are being taken advantage of by the very system they support.

Forcing businesses that can't afford that percentage increase to their expenses will drive them out of businesses. Clearly high school economics hadn't taught you enough about how businesses function which is why you think corporate centric economic policies work just fine for the vast majority of other businesses. Gotta love liberal imagination. Hence why business owners tend to vote conservatively while inane lefties fruitlessly wish them out of business. 

[CaliCat 3,957]

10 minutes ago, Teddy B said:

It's like "hey what's that he's talking about, give more money to the people that really earn it? Well that's just wrong, and, and, and SOCIALIST!! It reminds me of the old witch trials.

 

I wonder if those people walk into their bosses office and refuse salary increases because that's SOCIALIST!

 

Boss: Congratulations Winston!

Winston Oh, why?

Boss: The company is happy with your performance, and we’re getting a 10% raise effective immediately.

Winston: Are you mad?

Boss: What?

Winston: You heard me. Are you mad? Are you insane?

Boss: I don’t know what you mean?

Winston: You darn socialist. You can’t give me a raise. You shouldn’t give me a raise.

Boss: But we thought you would appreciate we’re pleased with you.

Winston: You fool. You need the money more than I do. Your lifestyle is more expensive than mine. You have more to lose than I do.

Boss; But..

Winston: No buts. You’re just stupid and you should get fired.

Boss: Don’t push it Winston

Winston: Better yet. I quit. I don’t want to work for a socialist organization Gonna find me a job where I’m exploited and underpaid.

(WALKS OUT AND SLAMS THE DOOR BEHIND HIM)

 

Edited May 16, 2017 by CaliCat

[IAMX 3,055]

1 minute ago, Teddy B said:

It's like "hey what's that he's talking about, give more money to the people that really earn it? Well that's just wrong, and, and, and SOCIALIST!! It reminds me of the old witch trials.

No one is suggesting give more other people's money to corporate CEOs, it's genius liberals who are suggesting taking away from all business owners to undeservingly give more money to bottom rung employees cuz I said so. Crappy policy not made with any semblance of business nor economic knowledge. 100% social justice.