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Being Alone, Anaconda, and Butthurt: Median Wage Earner CEO Guy Minimum Wage Earner $7.25/Hour 1 Gallon of Milk:$3.70 Has to Work 1/2 Hour $16.57/Hour 1 Gallon of Milk: $3.70 Has to Work $20,160.00/Hour 1 Gallon of Milk: $3.70 Has to Work 01 Seconds 13 Minutes For 1 Callon of Milk For 1 Gallon of Milk For 1 Callon of Milk <p><a class="tumblr_blog" href="http://kelincihutan.tumblr.com/post/97269689823/proudblackconservative-sulliedreputation">kelincihutan</a>:</p> <blockquote> <p><a class="tumblr_blog" href="http://proudblackconservative.tumblr.com/post/97267145019/sulliedreputation-proudblackconservative">proudblackconservative</a>:</p> <blockquote> <p><a class="tumblr_blog" href="http://sulliedreputation.tumblr.com/post/97258362068/proudblackconservative-sigh-is-it-explain-why">sulliedreputation</a>:</p> <blockquote> <p><a class="tumblr_blog" href="http://proudblackconservative.tumblr.com/post/97191615294/sigh-is-it-explain-why-grossly-oversimplified">proudblackconservative</a>:</p> <blockquote> <p>*sigh* Is it Explain Why Grossly Oversimplified Info-graphic is Grossly Oversimplified Time again? Ah well, here it goes. Ahem: </p> <p><span><span>Once again, the social media social justice brigade has tackled a symptom instead of the disease. Repeat after me: <em><strong>It’s not as simple as raising minimum wage. </strong></em></span></span></p> <p><span><span>The disease is inflation and the lowered value of the dollar. 20 dollars could easily feed a large family 50 years ago, now it’ll barely get you a few groceries for one person. Finding sustainable sources rather than spending what we don’t have is the only way to tackle inflation, which will make any money you earn go farther without the unwanted side effect of making it harder for small businesses (the real heart of american industry) to hire people because of increased wage requirements. One possible idea (and I’m sure it has some issues I haven’t thought through, this is just off the top of my head) is to adjust minimum wage based on what a company earns. That way the laws wouldn’t hurt small businesses that want to be able to hire people but can’t afford it, while still requiring larger earners to give their employees fair wages.</span></span></p> <p><em><strong><span><span>Money has to come from somewhere.</span></span></strong></em></p> <p><span><span>We cannot just wave a magic wand and give people more money without consequences.</span></span><span> Most businesses are going to cope with paying their employees more by raising their prices. Cost of living goes up, people will want to be paid more, and the cycle continues. Now certainly Wal-Mart can afford to pay its employees more than Frankie Joe’s pizza Palace or Mama Jane’s bakery, but Jane and Joe won’t be able to keep up with increasing minimum wage without raising their prices significantly and probably losing business to the Wal-Mart.</span></p> <p><span><span>PS: There always has been and always will be “income inequality”. Comparing the job of a CEO of a corporation to flipping burgers like they’re essentially the same and should be paid the same way is ridiculous. I don’t care how butthurt this makes you: <em><strong>Some jobs are worth more than others.</strong></em> We will always pay doctors more than we pay taxi drivers. Scientists and astronauts will always make more than the guy who buffs your car. Get over it. </span></span></p> </blockquote> <p>First two paragraphs are right on, third is wrong in so many ways. Rest is okay.</p> </blockquote> <p>Would you care to elucidate for me the “many” ways it is wrong? </p> </blockquote> <p>Different person, but the third paragraph struck me as off, too.</p> <p>If you adjust minimum wage based on a company’s earnings, the net effect would probably be to prevent any companies from ever really growing.  Every time they turned a bigger profit, they’d end up shelling out more in labor costs, and thus would end up stuck in an endless loop.  This would also deincentivize hiring, since paying the added wages would bring profits down, thus lowering <em>everybody’s</em> salaries.  So current employees would just get more and more work piled on, regardless of how much they were already pulling.  I know it was off the top of your head, but this is not a good plan.</p> <p>But you’re 100% right when you say that minimum wage is just the symptom.  The problem is inflation, and tinkering with minimum wage can make inflation worse, but it can’t make it better.  I think the best thing we can do right now, with regards to minimum wage, is nothing at all.  We should leave that alone and tinker with things that might be effective in slowing inflation.  Then everybody’s money will go a lot farther, regardless of how much they’re making.</p> </blockquote> <p>Well obviously there would be some limitations as far as that goes. I&rsquo;m just thinking that the company bringing in 1,000,000 dollars a year could pay a higher percentage than the earning 25,000 a year. Or maybe the rule could be a certain percentage of income goes toward compensating employees, and that percentage is equal across the board. I&rsquo;m just trying to think of some effective compromises since the cost of living is currently often higher than minimum wage income and EBT, SNAP, etc. aren&rsquo;t helping much in the long run but are currently necessary for lack of better options. But I agree the main focus should be lowering inflation and raising the value of the dollar. We should have stuck with a Gold Standard. The Wizard of Oz warned us. (Also, I thought the paragraph the other person was referring to was the PS paragraph. But I could be totally wrong on that.) </p>

kelincihutan: proudblackconservative: sulliedreputation: proudblackconservative: *sigh* Is it Explain Why Grossly Oversimplified Info-gr...