Be careful what you ask for!

4umepm.jpg (click to show)

Looks familiar, but you still get the upvote.

I know, there’s only so much you can do with these Fight for Fifteen memes. Lol

True, and great minds think alike and all that...

You don't think Macdonalds will survive. They pay $15 here, and they're quite still in operation, same with walmart et al.

Well, you're half right - if I'm working a salaried job, my salary isn't going to double overnight just because minimum wage did. The middle class won't see anything out of this except for diminished buying power.

Meanwhile, prices WILL go up quite quickly because the rich aren't going to pay their minimum wage employees more out of their pocket, they'll pass the buck onto the consumers.

It's the oldest trick in the book, stick it to the middle class. Instead of letting the free market function as it should incite class warfare (as your screenshot implied) and when it all crumbles say "Hey, we were trying to do the right thing" (in other words, the road to hell is paved with good intentions).

I don’t eat McD’s, but as someone that struggled and hustled in business most of my life, I hate what the Left’s burden is going to do to businesses. Some will survive. Many won’t because they won’t be able to raise their prices enough. Some owners will make less money while their employees make more than they’re worth. Seniors on fixed incomes will pay more for goods and services with no way to way to keep up with inflation. The Law of Unintended Consequences follows most liberal policies.

Dude, c'mon man. 10 yrs your minwage hasnt budged meanwhile cost of living has

The reason that McD’s pays $15 there is because of cost of living THERE and competition THERE. This new policy is nationwide with no regard to local conditions. No regard to service industry folks that some make $50-100k because of tips. But sure, cripple their employers with big raises. It’s not your money. Not your losses. Not you on a fixed income that can’t possibly keep up with inflation. Not you losing your job.

"no regard to local conditions" - that's always made me curious. Where do they get the $15 amount? I think that $15 can go a hell of a lot further in say, South Dakota than it can in Manhattan or LA.

Thank goodness for that massive tax cut they got in 2017 then. Reckon they won't have to pass on the savings to their workers like they were 'supposed to' [winks in Trickle Down]

While corporations got the biggest chunk by far, some of the trickle down benefits that you’re poo-pooing were employee bonuses, raises and something that never gets talked about is repatriation of off-shore profits, $777 Billion in 2018 alone. This helped set the economy on fire until covid shutdowns. Unemployment was historically low and many people that had given up looking for a job during the Obama Administration returned to work during Trump’s. This also caused wage inflation. Not good enough? Let’s not forget to mention tax cuts for us little people. Trickle down is often used as a catch phrase to gaslight the working man.

"some"
- not enough to kill Amazon though or Luck Dragon No1 Chinese takeout? *wipes brow*

The economy was already on the trajectory you claim got pulled out of an orange magic hat - albeit at somewhat slower rate - AND YOU KNOW IT. The fire was already a'burnin for nearly a decade, longest spurt of growth since the end of WWII not quite beginning in 2017.

Left an even bigger hole in the deficit, so that's a feather in that cap.

The tax cut for the wee folks were set to expire in 2020. Oops, that's last year.
But that's ok, wouldn't want them to chew into any billionaire's shifted-from-the-Cayman's-to-American banks's savings.

Trickle down - or Supply Side Voodoo Reaganomics if that'll make you more comfy - has never worked. How stupid can anyone think ye olde captains of industry are to take their profits and shove it into the pockets of the lower classes because being generous is a malady they gladly suffer from?
(I refer you to the OP meme for the answer to that one)

Geez...it was the most protracted weak recovery in my lifetime and probably yours. When Orange Man Bad shredded mountains of Obama regs along with those awful cuts for corporations, that’s what sparked a limp dick recovery into a recovery on viagra. I don’t hate the man that’s better off than me.

And here I was expecting something that would stopper any further skimpy replies from me, me not being an economist and just posting the basics...
Instead I get a cat's tail from someone who thinks that's a stand in for popping a stiffy.

Nevertheless, glad you agree on the length of the recovery, finally halting on account of Corona 2020. The rest you said was bs.

If anything, measures should have been taken (via Fed raising key interest rates) to slow borrowing and thus hiring to keep unemplyment at an ideal 4.3%, which is what was done during Clinton to prevent that economy from overheating. High employment rates means smaller pool to hire from means your dreaded pay raises to snag and keep new hires meaning inflation meaning retraction meaning recession.

Instead Trump had them lowered to near zero and wanted to get them at - good gosh - NEGATIVE rates(!) to keep the economy going as far as possible into 2020 and avert the expected recession. Of course it still would have hit, but by then the election would (he hoped) be over and it wouldn't matter anymore, as it was all about appearance rather than actual and sustained growth.

I took a couple of economics classes in college, but am not qualified to argue with your expert analysis. Anecdotally, where I live, I saw the local economy go from eight years of drawn out dull drums to hair on fire and not surprisingly my portfolio went from slowly inching up to large gains when comparing Obama’s eight to Trump’s four. We each have our own experiences.

This just happens to be Joe Biden’s policy that will have real world negative consequences. You cherry picked my comment. No concerns about the rest of my comment outlining some of the actual consequences that will likely follow his actions?

And I hope you know I respect you as well! I saw a dude in a thai restaurant last week with long hair and a bandana on his face. It reminded me of your reveal years ago, so I loudly talked about Octavia Melody to my girlfriend as we passed his table wondering if he would respond. He did not. 😂

I believe the best way to earn or exceed a living wage is for an employee to create value for their employer. If they do that, their employer will most likely compensate them fairly, and if not, they leave for an employer that will. For example: when I had my own business, I had two employees that started out making around $40k annually each. They were both with me for 10+ years and by the time I sold my business, one was making over $110k and the other $120+. They never had to ask for raises. We sat down for annual reviews and I happily gave raises that matched their efforts, abilities and value. I knew that individuals like these could take their talents elsewhere so I made sure that they didn’t.
Automatic $15 hr will overvalue way too many employees and reduce any incentive for many to create value for their employer. I would assume that there will be some that will become more fairly compensated, but I’m doubtful it will be balanced.

So to put it in perspective the minimum wage in Canada is $15 but this is actuallly $11.80 U.S .
So maybe time to stop using the incorrect comparison as this is actually the kind of per hour amount that adults are paid in the McDonalds et al in the U.S.

You Fell Victim to One of the Classic Blunders, after money machine go brrrr...$15 will be worth $5

Are those the same PhDs that say Communism/Socialism works?

No, but those are the same PhDs who would endlessly mock you for even suggesting that raising the minimum wage is akin to socialism or communism.