Fast Food and Minimum Wage
- Thread starter TGregg
- Start date
The dollar per hour figure isn't very helpful unless we know what year that was. (It was between 1956 and 1960 that you made your $1/hr minimum wage. You were paid the equivalent of about $9.75/ hour today.) You are apparently an old guy, and good for you, I say. When the minimum wage was first instituted it was 25 cents/ hour in nominal dollars back in the twenties. It wasn't, of course a living wage when it was first instituted over certain predictions of dire consequences! However by 1966 the minimum wage had crept all the way up to $1.25/hr., and by 1968 it had skyrocketed to $1.75 -- how Rockybilt Hamburgers was able to stay in business with that kind of a labor drain is still a mystery, because the minimum wage in constant 2012 dollars was $10.50 hour. That's the 2012 equivalent of what the teen fast food workers were making in 1968. It was a time of general prosperity, despite Chamber of Commerce certainty that American business would be destroyed under untenable labor costs with thousands of low wage workers put out of work by their ruined employers.
Here is a link to a chart of the minimum wage in constant 2012 dollars compared with nominal dollars -- which is the only reasonable way to look at it. Please keep in mind that this data originates from an academic institution, so it is , of course, communist, anti-christ inspired. Worse yet, it is subject to the vagaries of inflation measures -- and we all know what that leads to: Lies and More Lies!
http://oregonstate.edu/cla/polisci/...ion-conversion/pdf/minimum-wage_1938-2013.pdf
Obama has suggested $10.10/hr, thus erasing all doubt. He IS the Muslim Anti-Christ, no doubt about that.
Really? So McDonalds will suddenly need fewer workers if their wages went up? I think that while the increased cost of a burger may reduce business a little, it would not be significant. People are not going to stop going to McDonalds if their lunch cost goes up by a dollar. Maybe a few, but not many.
The wealthy need to be taxed more and the minimum wage needs to raised.
we went through this exact same argument, I mean word for word when it was raised to $7.25
If it was up to me, I would just eliminate it, but that aint going to happen
as far as laying off workers, not a single fast food place has any "extra" workers to lay off. They already operate on the bare minimum
it use to be a much bigger deal, since many union contracts were based on min wage
otherwise, it is just more of the same, Rob Peter to pay Paul
Just something we go through every now and then
sort of like Christmas
If it was up to me, I would just eliminate it, but that aint going to happen
as far as laying off workers, not a single fast food place has any "extra" workers to lay off. They already operate on the bare minimum
it use to be a much bigger deal, since many union contracts were based on min wage
otherwise, it is just more of the same, Rob Peter to pay Paul
Just something we go through every now and then
sort of like Christmas
You can't pay fast food workers 15 bucks an hour without having an impact on the entire pay structure across all sectors. It just won't work.
Should the minimum wage be increased? Yeah, a buck, maybe two, but trying to bring the entire workforce up to what would be considered a living wage won't work. Advancing the pay for minimun wage type jobs is no more the answer to strentghening our economy than extending unemployment benefits is. At some point we need to be creating good jobs with solid career opportunities. Also, there are some really good opportunites in the trades these days, but you do need to know how to do simple arithmetic, read at what used to be a high school level,(now probably a Masters Degree), demonstrate a willingness to learn, show up everyday and be on time. You'd be shocked how many of our "young people" can't seem to pull that off. The resumes' I see are one step above being written in crayon, and their work ethic is virtually non-exsistant.
Jobs for Machinists
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Jobs for welders
http://roadtechs.com/search/search.php?search1=welder
Jobs for millwrights
http://roadtechs.com/search/search.php?search1=millwrights
Jobs for construction labor
http://www.roadtechs.com/search/search.php?search3=t1120
Jobs for electrical
http://roadtechs.com/search/search.php?search1=electrican
In reality, the customers base of companies like Walmart and fast food are the low to mid-wage workers. A hike to $10.10/hour should be pretty much a wash for them. But the Tax payer should reap the benefit of proportionally reducing their indirect subsidy of these corporations . A hike in the minimum wage to 10.10 is a win win for everyone.
And let us not forget we are talking MINIMUM wage, that is not necessarily the wage of folks in Manhattan or Santa Barbara.
Let's cut cost shifting to a minimum and seek a more honest economy.
And let us not forget we are talking MINIMUM wage, that is not necessarily the wage of folks in Manhattan or Santa Barbara.
Let's cut cost shifting to a minimum and seek a more honest economy.