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12-23-2006, 03:14 PM
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Political Mastermind
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Join Date: Dec 2006
Location: San Diego, Ca
Posts: 2,252
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Quote:
Originally Posted by George O Well
"Most small companies can't afford that kind of wage or they'll have to make do with less employees. Simple economic priciples at work."
>>>That's probably TOO simple an economic principle when you consider that those employees will have more purchasing power and that cash will go right back into the pockets of the small AND large business owners, who will then have to hire more employees. Minimum wage is a zero sum game after about one year.
Btw, there's an In-N-Out going up right near my office here. I love that place.
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You must be on the west coast.
What's wrong with the concept of earning what you're worth? |
12-23-2006, 03:24 PM
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Machiavelli Incarnate
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Join Date: Mar 2006
Posts: 12,209
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"What's wrong with the concept of earning what you're worth?"
It might be a good concept if the market determined 'worth', but that's only a mirage.
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12-23-2006, 03:37 PM
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Political Mastermind
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Join Date: Dec 2006
Location: San Diego, Ca
Posts: 2,252
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Quote:
Originally Posted by George O Well
"What's wrong with the concept of earning what you're worth?"
It might be a good concept if the market determined 'worth', but that's only a mirage.
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Well, I respect your opinion but I don't operate that way. There's no way I'm paying someone more than they're worth. It just ain't gonna happen. |
12-23-2006, 03:42 PM
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Machiavelli Incarnate
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Join Date: Mar 2006
Posts: 12,209
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"There's no way I'm paying someone more than they're worth."
>>>I dunno. Steinbrenner paid A-Rod $.25 billion to play baseball. It's only added to his bottom line.
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12-23-2006, 04:25 PM
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Machiavelli Incarnate
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Join Date: Jul 2006
Posts: 3,058
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Quote:
Originally Posted by George O Well
"There's no way I'm paying someone more than they're worth."
>>>I dunno. Steinbrenner paid A-Rod $.25 billion to play baseball. It's only added to his bottom line.
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Actually George Steinbrenner only pays a portion of his $25 mil salary. The Rangers should be able to use him a few games a year since they're paying him about $8 or $9 mil a year. |
12-23-2006, 04:30 PM
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Political Junkie
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Join Date: Dec 2006
Posts: 141
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Quote:
Originally Posted by George O Well
"Most small companies can't afford that kind of wage or they'll have to make do with less employees. Simple economic priciples at work."
>>>That's probably TOO simple an economic principle when you consider that those employees will have more purchasing power and that cash will go right back into the pockets of the small AND large business owners, who will then have to hire more employees. Minimum wage is a zero sum game after about one year.
Btw, there's an In-N-Out going up right near my office here. I love that place.
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What you fail to see is that when you raise minimum wage the cost od the products also goes up, usually at a higher percentage than the minimum wage did, ergo giving them LESS purchasing power thus putting SMALLER companies out of business.
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12-23-2006, 04:55 PM
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Political Mastermind
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Join Date: Dec 2006
Location: San Diego, Ca
Posts: 2,252
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Quote:
Originally Posted by George O Well
"There's no way I'm paying someone more than they're worth."
>>>I dunno. Steinbrenner paid A-Rod $.25 billion to play baseball. It's only added to his bottom line.
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And that was his money wasn't it? He can do as he pleases with his own money. Just leave my money alone.  |
12-23-2006, 07:26 PM
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Machiavelli Incarnate
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Join Date: Mar 2006
Posts: 12,209
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Quote:
Originally Posted by Oedipus Rex
And that was his money wasn't it? He can do as he pleases with his own money. Just leave my money alone. |
All I'm telling you is that if you pay minimum wage, you'll get minimum people. That is all. |
12-23-2006, 07:49 PM
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Machiavelli Incarnate
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Join Date: Jun 2006
Location: NY
Posts: 5,776
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Quote:
Originally Posted by George O Well
All I'm telling you is that if you pay minimum wage, you'll get minimum people. That is all.
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SOMETIMES THATS ALL YOU NEED. Not all jobs recuire a phd in physics |
12-23-2006, 08:00 PM
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Machiavelli Incarnate
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Join Date: Mar 2006
Posts: 12,209
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Quote:
Originally Posted by gixaholic
SOMETIMES THATS ALL YOU NEED. Not all jobs recuire a phd in physics
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I'd bet you're look forward to the raise, huh? How long's it been, 8 years? |
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