ok...feel free to PM me any business models you have and any ideas
well, that depends. only 5% of the workforce makes exactly at or below minimum wage, but i can't find any numbers on those who earn in the 7.25-8.00 range and would be affected by raising the minimum wage. and those workers who are making 8-10 an hour would also demand a raise because they won't accept a paycut to minimum wage. it's not as clearly cut and dry as you are making it.
It's clearly not the disaster you are making it out to be either.
Not JD, but Caterpillar, a long-time hard-nosed -the-employees employer.
Corporation Pushes Six-Year Pay Freeze On Workers While Making Record Profits, Paying CEO $17 Million
Despite earning a record $4.9 billion profit last year and projecting even better results for 2012, the company is insisting on a six-year wage freeze and a pension freeze for most of the 780 production workers at its factory here. Caterpillar says it needs to keep its labor costs down to ensure its future compe iveness. [...]
Caterpillar, which has significantly raised its executives’ compensation because of its strong profits, defended its demands, saying many unionized workers were paid well above market rates.
http://thinkprogress.org/economy/201...ar-pay-freeze/
Caterpillar Earnings, Revenues Soar
Caterpillar Inc. (NYSE: CAT) this morning reported second-quarter earnings per share (EPS) of $2.54 and $17.37 billion in revenue. EPS rose from $1.57 in the same period a year ago, while revenue was up from $14.23 billion. The results compare to the Thomson Reuters consensus estimates for EPS of $2.28 and $17.11 billion in revenue. Both the quarterly EPS and revenue were all-time records for the company.
Read more: Caterpillar Earnings, Revenues Soar - 24/7 Wall St.
http://247wallst.com/2012/07/25/cate...#ixzz21djOXpCw
Top Three Myths Conservatives Use To Oppose Increasing The Minimum Wage
1) The minimum wage kills jobs.
“It’s a classic election-year ploy to make the Democrats look like they’re protecting low-income workers. I think it’s well understood that raising the minimum wage hurts workers on the lower end of the pay scale in that it does kill jobs,” said a recent statement from the U.S. Chamber of Commerce. However, several academic studies have shown that raising the minimum wage does not have a negative effect on employment. In fact, an analysis of state minimum wage increases showed that those state boosting their wage “had job growth slightly above the national average.”
2) Increasing the minimum wage hurts small businesses.
Gov. Chris Christie (R-NJ) reacted to a proposal to raise the minimum wage by saying that small business owners are “going to have to lay people off.” However, two-thirds of low-wage workers actually work for big corporations, most of which have largely recovered from the recession and could therefore afford to increase wages. The three largest employers of low-wage workers have all seen large profit increases in the last few years.
3) Increasing the minimum wage only benefits teenagers.
Many Republicans argue that raising the minimum wage just hurts teenagers’ ability to gain work experience. But as a new report from the Economic Policy Ins ute shows, nearly 90 percent of minimum wage workers are 20 years old or older. Plus, “more than a third (35.8 percent) [of minimum wage workers] are married, and over a quarter (28.0 percent) are parents.”
http://thinkprogress.org/economy/201...-minimum-wage/
http://www.huffingtonpost.com/2012/1...n_2230840.htmlThough some politicians complain about unemployed people improperly collecting benefits, Americans laid off through no fault of their own actually save the United States government a lot of money when they don't collect benefits for which they are eligible.
In an eye-popping study for the Federal Reserve Bank of St. Louis, economists found that the amount of unclaimed benefits dwarfs improper payments. In 2009, the government overpaid unemployment claims by $11 billion. But if everyone eligible for benefits had collected that year, the cost to states would have been much higher.
"The additional expenditures in 2009, toward the end of the recent recession, would have been a whopping $108 billion," wrote economists David L. Fuller, B. Ravikumar and Yuzhe Zhang in their recent paper. "On average, the unclaimed benefits are much larger than the more frequently discussed overpayments."
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