Raising the minimum wage is good for the economy.

Its only in your mind your so called equilibrium price. A surplus of labor doesn't exist with a constant demand and people with more money in their pockets to drive that demand.

 

But you with your increased wages, won't be in so much demand.
People with money free to spend will spend it on cheaper goods than you are able to make.

From China. From India. From Mexico.

And the wealth that gets spread around, won't necessarily get spread to you.

 

I suggest you read an introductory economics text. You will find equilibrium price in one of the earlier chapters.

 

Minimum wage jobs rarely go to other countries. The makeup of those jobs mainly consist of hamburger places and wall-mart. We aren't going to India to buy a hamburger or to buy from Wall -mart. A major majority of those jobs can't move. The few that can, let them go but our market, the biggest market in the world, is excluded from them till the end of time. In that case What companies would leave. Just asking. The hate parties goof ball rhetoric is ridiculous.They are only speaking for a few percentage points of our population. No one else.

 

Not when you take our market away from them. Screw them. They won't leave.

Maybe you should use a little reason, We can get much of the increased minimum wage from the increased demand from fuller billfolds and moving some of the product cost back to reality by getting rid of the 18 million dollars average CEO wages in this country. 10 times more then any place in the world. By the way that would be done without raising their prices in a world market. You do know that few minimum wage jobs can get up and leave.

 

I tell you what total stupidity is, ranting about loosing jobs over seas by increasing minimum wage. When most of the minimum wage jobs can't get up and go anywhere, Unless you want to go to China for a Hamburger. Your party line is bullshit. total complete bullshit.

 

Those with a wholly domestic market place would stay if you go isolationist. Problem for you is, you government is dependent on foreign money. So that won't happen until you cure your deficit.

Those whose major trade is abroad however, will still leave. Car manufacturers, Apple manufacturers. That sort of thing. If they haven't already. Call centres are international. Clothes manufacturers, food and drink. The high labour low cost products. Cheap stuff.
They will need to have both domestic and foreign operations.

Global industry will follow the bottom line. Domestic industry won't have any choice if you legislate.

Marginally profitable businesses will go bust when you lower their margins.

 

I'll tell you another way to judge stupidity, it is trying to sell the idea that increased wages are against the best interest of the worker. That because of the increase they will have less buying power. Now that is stupidity.

 

Those that lose their jobs will have less buying power. Those that keep their jobs will have more buying power for a short amount of time until the market corrects for the artificially induced changes. And then inflation will take that wage rise right back off them.

 

We are the second biggest exporters in the world. Who said one word about Isolation. Tell me what company in this country can leave when there American market is taken away from them.

 

The increase in wages would be many times more gain then the few jobs that would be lost. Don't come back with Seattle bullshit. It has to be done across the country, which is best or by states which isn't as good. Your bullshit Idea that all minimum wage jobs are going to disappear because of increased minimum wage is simple rhetoric, that is directly from your masters and those master say so because they want it all for themselves. You have a ring in your nose and they are leading you around by it.

 

You have no clue.

 

All your car manufacturers have subsidiaries across the world. As does Coca Cola.
Coca Cola sells more outside the US than inside.
They don't have to "move", they can just centre more of their production outside the US.

If you are the second biggest exporters in the world, putting import restriction on your goods, will result in other countries doing it back to you. Protectionism cuts both ways. This is called Isolationism.

So any company that exports more than it sells domestically in the US, may be advantaged to leave if the reduction in wage costs out prices their US sales.

Budweiser. Coca Cola. Levi's.
Food drink and clothing would be the first companies I looked at. Because they are low cost, high labour products.

Call centres is the most obvious one of all. Online support. these were the first companies to leave here after minimum wage was introduced..

Other companies like Amazon will not move but instead robotise their work forces. Get rid of more expensive humans. Again, that happened here already.


There is one more thing minimum wage brought here.
Millions of migrants. Migrants flocked here from around the world to compete for the minimum waged jobs.
The working class in this country got wiped out by it. Factories don't employ Brits here. Won't take us. They don't even advertise their jobs in the UK. Will refuse you if you apply.
The money doesn't all flow back into the local economy. It goes to Poland and Lithuania.
A UK minimum wage is the same as a poles professional wage. So we get doctors and scientists competing with our school kids, halfwits and disabled for the same work they all can do.

 

You better do a little research we have thousand of tariffs on product. So your suggesting that a car company would leave even if this was only 1/3 of their market or less. Your wrong , they couldn't without loosing tons of money. but good try. Do you even think that Coca Cola would leave this country even if 20% of their sale where here. What Board would allow that , or what stockholder would allow that . By the way tell me why all the companies your suggesting has anything to do with a increase of minimum wage. Again good try but no cupie doll. May I add you contributed nothing to this Thread with this comment' Foolish make believe hate party rhetoric,

 

They don't have to leave.
They can keep the production of US goods in the US.

But the export goods made in the US, don't have to be made there. They have cheaper factories elsewhere.
This stockholder would not only support that, he would vote for it.
I vote for my companies to leave my country anytime other countries look more profitable. Typically after new government legislation that I deem to be anti-competitive..

WTF are you talking about hate party?
You've lost it mate. I don't understand what ever it is you are trying to say. Seems like angry words in a nonsensical order. Jibbertime.

I've given you the examples of the kinds of company I would be looking at. But I'm not a yank.
The examples of actual jobs in my country that left over minimum wage I have already cited. If the names mean anything to you, I'd cite British Telecom for the call centres, also government call centres left too. Microsoft call centres seem Indian to me. Dyson manufacturing and indeed. I use Chinese companies for my own manufacturing of toys and my mate uses his Romanian one for jewelry. They come in at 1/6th of the production costs here in the UK. It's a no brainer.

I've given more in depth analysis of example companies I have worked for earlier in this thread. Please cf.

In terms of migrant dominated factories. All food processing factories in the area. The Wicked Cake Company. Fry's. Global Produce. I don't expect these names to mean anything to you. Pointless listing more.

 

By the way baff , you would only have to take the market away from one major company to show you will do it, Then all American companies will all of a sudden be "buy American" So your Tariff silliness won't go very fare will it..

 

This country can do anything it wants. Tell the companies they are either American companies or not American companies, There are tons of things that can be done to put pressure on the ones that have moved. More then enough to force them back or have them lose this market. You people want to play patty cake with these traitor countries.. Put the pressure on them and put a strangle on any companies that wants to move, They will lose this market. That problem will come to a quick end. Again what do these companies have to do with Minimum wage anyhow. That's just goof ball talk. No one in this country should have the right to be Capitalist first and Americans second. If that's their choice screw them.

 

This leaves you nowhere.

 

You have no solutions, nor will you hear of them from others.

 

Your Golden Quote "I vote for my companies to leave my country anytime other countries look more profitable." that quote came from a traitor to this country that puts capitalism Above them being American. We can easily sell this Critical thinking to this country, so everyone would repeat the last sentence of mine and you would all of a sudden become a American first and a Capitalist second. They way it is suppose to be. You have no right selling out this country and expect a pat on the back for doing it.

 

Not one word about Democrats being the cause of his cynicism. That's all on your interpretation but he did have bad things to say about Trump admin so perhaps there's your answer.

 

The Trump administration is not congress. Why do you think his bill is blocked if not by Democrats?

 

My solution is simple , that you should then understand. No one over 18 should get paid so little for a job that I have to come up with the extra money that is needed for him and his family to survive. There is no logical reason why my tax dollar should or could be used to increase the bottom line of a company that pays **** to their employees. Now that wasn't to complicated for you was it.

 

God these people live in a make believe world. They are puppets.

 

That is not a solution. It simply amounts to commentary.