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I did the math and if someone is working for $8 an hour (about minimum wage in most places) for 40 hours a week, they make around $1,200 a month.
If you work 30 hours a week (ex: because you have kids other family duties) you make $900 a month
If you work 20 hours a week (ex: because you are in college, or an intern, or handicapped) you make $640 a month
If you work 10-15 hours a week (ex: a highschool student, the elderly, etc) you make around $420 a month

Some states don't allow you to apply for welfare unless you make under $200. But some states go as high as $1400. Meaning EVERYONE that works for minimum wage, 40 hours a week and down... Qualifies for welfare in at least 1 state in America.

Job creators need to pay above minimum wage.

Wal Mart CEOs and Family (The Waltons) have multibillion dollar salaries, while their employees don't make enough to stay off well fare.

Bitcoin can help, because when you trade a BTC for a dollar ABOVE value, you boost the value of the dollar around the world. And job creators can use extra money to do this, while investing in bitcoin.

Have you considered the effect of abolishing the minimum wage?  Here is a link which will help clear up some myths about minimum wage.

http://blog.heritage.org/2013/03/05/busting-5-myths-about-the-minimum-wage/

Forcing the Waltons to pay their employees more would just mean you'd see less WalMart associates at every WalMart.

I think minimum wage should go up.

I know how they WOULD do it, I'm saying how they SHOULD do it.

So you think there should be more unemployment, huh?

No, the people with the money should pay themselves less.
You think like a republican.

No, I think like a Libertarian.

Let me teach you a little economics. In order for an employee to be worth hiring, he needs to offer more value to the employer than he commands in wages. A minimum wage limits the number of workers that can provide that value to the employer, by raising the amount that they have to be able to provide in order to be profitable to employ.

Since you like Youtube videos so much, here's a short one for you:
https://www.youtube.com/watch?v=IFbYM2EDz40

Maybe they could, but first stop forcing them to do it by pointing government guns at them.

No, that's why I made the effort to specify. YOU think like a REPUBLICAN.

Libertarians are about protecting freedom and property.
Republicans are about cutting taxes and getting money to the job creators.

Who cares what Republicans want?  The difference between a Libertarian and a Republican is this: one wants less/no government, the other can't function without it.

Do job creators not deserve their freedom and property protected?

Have you watched the video? I'm perfectly capable of explaining the concepts therein, but the video has pretty animation and is narrated by a British chick.

There are MANY more difference than that.

Republican wants a fence to protect the border
Libertarian wants the borders between states to be more defined (meaningful/sacred)

They do, but they also need to see that the money they are making is being made by the workers, and the workers deserve more of it.

The economy won't work unless we see some "trickle down", or everyone just gets enslaved by their corporate entity.

Then they should ask for a raise. If they make enough extra money for the job creator that he can afford to give them a raise, they'll get it. Otherwise, they will not.

Really, watch the video. It's only 7 minutes, and it explains all of this with very nice pictures and lovely narration.

BULLSHIT. I used to work for $7.50 an hour working for MY DAD. He made $11,000 every Friday on a SINGLE project I completed.
I asked for a raise and he didn't even fire me, he just stopped giving me hours.

What gives you, or anyone else concerned the confidence that you know how to use my money better than myself? Maybe if the authorities remove their guns, we can sit down and talk about how can we do something for the poor, I may have a plan, and it may work better than yours. Now that you force me to contribute on your terms, I will just give you the money and stop giving a damn, no matter how big a mess you have produced.

Really READ, it takes about 30 seconds to get through what I've written.

Don't work for your dad?

Yes, and they are all old arguments that I have heard a bazillion other times from liberals like yourself.

The constitution does. The constitution says that they have the right to PROMOTE welfare, which means they have the right to show you where to put your money.

OR, raise minimum wage to $12 an hour and cut out the bullshit.

Minimum wage goes up, inflation starts.
The government taxes more to pay the national debt, the rich start hording again. The debt goes down with deflation.

"General welfare" can have 1000 interpretations.

I am not even talking about this, I meant I would pay the tax, but since I am forced to help, I will just do the bare minimum that I was told to, and stop giving a damn, so you shouldn't complain why job creators are not fixing the economy.

At which point, everyone not already getting at least $10/hour gets fired, and everyone else gets to pick up the slack, on shorter hours. Hmm. Doesn't sound fun.

Not to mention what that will do to McDonalds. Good bye dollar menu. Your Big Mac? Yeah, that's gonna cost like, $10. Double cheeseburger? At least $5. And the wait times are gonna suuuuuuck. During peak times, you'll be lucky if there's three people back there making your food.

Sodas will probably still be $1. Maybe not the larges, those were mostly loss-leaders anyway. But the smalls, definitely.

You can interpret it 1,000 ways, but the basic easiest one is "Everyone gets to be fairly well off". Not RICH, but ok.

I have suggested this to Myrkul, if you don't like it START A CHARITY and you can help people so they never even need welfare.
And you can get tax breaks.

Did you even READ the post after that one before going off on a rant?

Because the government has already forcibly taken away the money that I was supposed to use to do good? Yeah I can start charities, but if I  run an enterprise how can I get more money to support the charities!

Yeah, to educate your children and yourself. Sorry for that.

Wow, it's even more amazing, you not only know how to better spend my money, you also know better than me what's good education for us!

I don't think there is one clause in the U.S Constitution that gives you this kind of confidence this time?

Minimum wage is a minor part of inflation. And it's only seen in some sectors of the economy. Most notably food service, as I showed.

A minimum wage hike would likely do nothing to, say, telecom costs. But inflation still effects those.

IT'S NOT THAT HARD

Ex of how the economy gets fixed:

Minimum wage skyrockets, bigger than it ever did during bushes administration (ex: $12-15)
Job creators are forced to open their banks, sell stocks, etc (stop hording)
The market flows, but inflation strikes... Job creators want more money now that they have to pay more
BUT THEN the government taxes more (not enough to counter the minimum wage increase), but enough to start to put a dent in the national debt
Job creators freak out and start hoarding again
Inflation eventually stops, and the dollar stabilizes. Due to the hoarding.

There is no clause, it's a fact.
 
How the fuck do you think public school works?

How the f**k do you think education before public school works?

There used to be a time, when the public school system was not that a Holy Grail in the U.S, all people in a small town would get together, in a meeting of some sort, to contribute their own money voluntarily to build a school and employ teachers, what the town government did, was to call the meeting and elaborate its plan about the school, and ask everyone's opinions about it, for all the Americans I have known, people from that era actually are better off in many subjects than Amercian students today....

That doesn't matter, I told you what your taxes go to, and you told me to quote the constitution. Whether you like it or not, that's where they go. And if you had it, that's not what you would spend it on.

Stop. Right there. That's the flaw. You assume that job creators are actually hoarding their profits. That's a bad assumption.
Most employers are actually running very slim margins. An extremely high minimum wage would result in mass layoffs, unprecedented unemployment, and essentially strangle the economy. It would drive some employers completely out of business.

Again how do you know? Because 10 guys before me didn't? You know what, they have a fancy word for that kind of attitude-"discrimination". ::) Not to say that I already showed you in the previous post that a lot of people were willing to spend money exactly where you said they wouldn't.

NO IT'S NOT. I know for a FACT the Waltons make multi-BILLIONS a year, no one can spend that much, there is nothing to do but invest and hoard it.

So... you take an extreme example (and their income is not Wal-mart's, you're likely grossly overstating their actual income), and extrapolate that down to the McDonald's on the corner. Go in there, and ask to speak with the manager. Ask him what a $12 minimum wage would do to that store. Do the same at the convenience store on the way home. Internalize the fear you see in their eyes when you say "$12 minimum wage."

And I keep mentioning the Waltons because Wal-Mart is just too perfect of an example, but this also applies to companies like:

Best Buy
Safe Way
McDonalds
and every other company where the individual franchise owner is "well off", while the ACTUAL franchise owner is making WAY too much.

I JUST told you what it would do. Then I told you what happens next to fix it. PLEASE READ, I don't know how many times I need to say that.

Did you know the SOLE Heiress to the Wal Mart fortune (I forget her name but you can look her up), has vehicular man slaughter on her record?

BUT NO ONE PRESSED CHARGES. And I bet you anything she was drunk when it happened, but no one pressed charges.

This lady has enough money to KILL someone, and pay the family to not care... And her employees are on welfare.

No, chief. I just told YOU what it would do. The managers at those stores don't get $12/hour. That would murder each and every fast food restaurant and other minimum wage employer. It would result in a complete inability to gain employment for anyone with less than a bachelor's degree in the particular field. It would aggravate the already difficult to navigate catch-22 of needing experience in order to get a job, and needing a job to get experience.

You need to understand: A minimum wage is a price floor (https://en.wikipedia.org/wiki/Price_floor) on labor. Price floors always (when they do anything at all) result in demand for the controlled commodity being far outstripped by supply. Minimum wages hurt workers. They do not help them.

REALLY? vvThisvv quote is of YOU?
Congrats on your idea for Bitcoin town too :)

I'm clicking ignore. Googbye Myrkul, your trolling is done, as far as I am concerned.

Truth hurts, I'm sorry you can't take it. In the unlikely event that you would like to learn a little economics to go with your dreaming, I'll be here. Or you can read Sv. Hazlitt: https://mises.org/document/6785/Economics-in-One-Lesson

Job creators can just stop running their businesses, and everybody have no job, they are not masochists.

Paying your workers fair (above welfare) wages, is not the same as enjoying pain. You're retarded.

That's precisely what many will do. 90% of small businesses, I would wager, would go out of business. Maybe more. It would certainly kill McDonalds, and most other minimum wage employers.

You are speaking again as if you know better than everybody else about their own businesses, while you don't have data or anything to back your idea up. No wonder you get the delusion that if they don't agree with you, they're either retarded or too greedy. Who knows, maybe egotistic people are just better job creators, and you will be the one that changes everything.

Or a troll. You forgot troll.

No, I am speaking as if I can READ.
I have seen how much the people at the top of the companies I listed make, and I know how they could correct the economy. If me sharing that bothers you, I am very sorry.

OK, let's suppose your plan is fair, really fair, it still matters nothing. Job creators close their businesses because they want to, and don't be silly, they are not so stupid as to not be able to figure out someone is manipulating the market to shake their money out of their pockets.

And for every step of your plan to work, you will have to convince this tricky organ called legislature(yeah as stipulated by the sacred U.S Constitution), many of whose members are paid by the job creators to sit there anyway, and had the government really succeeded in doing everything you listed, it probably would have became such a monster, that it would already be too late for you to regret.

1. I can't believe you are stupid enough to think wal mart and mcdonalds would close because of a 6 dollar wage increase

2. It's not manipulating the market to get money out of their pockets, it's called paying the national debt.

I can't believe you're stupid enough to think they wouldn't.

Why not raise the minimum wage to $1,000,000 annually?  Then everyone is a millionaire and "rich" right?

Lol. The goal is not inflation. The goal is to get everyone off welfare. Please read the original post.

Millionaires aren't on welfare.  Problem solved. 

1. Simple math: Wal-mart has more than 2.2 million employees around the world, let's say they have 1 million of them in the U.S, and they work 220 days a year, now $6/hour rise for everyone here=$6*8*220*1,000,000=about 10.5 billion dollars, not what I would call pocket money.(Oh, I forgot! their vacations should be paid as well!)

And guess what, there are other ways out than closing my business, I can just fire a large percentage of my employees, close down some shops, get them to live on welfare, not to say a lot of sales clerks can be replaced by checkout machines already, if it costs me more to keep a clerk then to maintain one such machine....and yeah, I can ask poor students to part-time for me as well.

2. Hmmm...so somehow I need to pay the debt that is not created by me. And manipulation is about the means, not the goal, you can't justify the means with the end.

LOL

Please read the first post.

I'll stop you right there.

We are talking about Americans, not sweat shop babies. The stuff over there is wrong, but it's not the issue.

Please take 2 Billion, multiply it by the number of Wal Mart CEOs and divide it into MINIMUM WAGE AMERICAN employees.

I'm sure each person will make at least an extra $200 a month (enough to get 40 hours a week workers off welfare)

What a shame you stopped where you did, for he addresses this point:

But you knew that, right? After all, it would be base hypocrisy to accuse people of not reading posts before responding to them, and not actually read them yourself.

So I take it to mean that you didn't read on, the 2.2 million number is irrelavant.

And yes, it's not like Wal-mart is that big outta here..

EDIT: check it here http://corporate.walmart.com/our-story/our-stores/united-states-stores


OK, it turns out, if the $6 pay raise is implemented and vacations are also paid, Walmart will be immediately in red.

Well, to be fair, not all of them are minimum wage employees. But I can guarantee they all will be (probably even the store managers) after a minimum wage hike to $12/hr.

I don't think so, I think many of them will be on welfare immediately afterwards. ;)

Otherwise I agree.

Well, yeah... those not immediately out of work will be minimum wage employees.

I hope you like self-checkout. That's going to be all there are. Probably push that RFID checkout idea up a few years, too. Fire everybody but the restockers, the greeter, and one or two other people to get shoppers set up on the Walmart RFID program, switch out the pylons at the doors. Costs down, profits up, shoplifting a thing of the past.

Kinda sucks for all those out of work employees, though.

I still wonder what that transitioning period will be like between now and when most jobs are automated and most everyone's out of work/on welfare.  A robot could never replace a greeter, I'm certain (I mean, it could, but it defeats the purpose), but you could automate an entire WalMart.  Setup a delivery service and you wouldn't even need to pay for upkeep on the stores themselves, all you'd need are the warehouses and delivery people.  Either that or setup a place for people to pick up orders they make online.  You may need employees to move the shit around but even that could be automated.

I believe every company in the world could have 2 employees on staff at a time, while everything else is robots. The only reason you need humans is

1. Security, because the other guy could do something, or someone could break in. 2. Mechanic, to watch the robots.

Yes. No companies need humans. Ever.

Day cares should be run like the Matrix, anything creative like architecture or city planning should be replaced by a copy & paste script and human intuition will be a thing of the past in literally every professional field.

Also, why do you keep referencing an obscure 70's show as your main argument on why money is bad?

Also, lol communism.

Wow. Two people are only needed to stop a robbery. Yes, that's sooooo true. What if those two people where to die because of the robbery? You must be stoned off your ass, buddy. Shut up, and cool off.
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Guess what also; Unemployment would probably skyrocket, and those two fools would probably be the only people working there.
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Don't get me started on customers. Ever thought of the robots malfunctioning, and possibly blowing up things? Nah. That could never happen. Let's not think about that. ROBOTS WORK FUR US.
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Utterly stupid. That's like saying you want the Milllitary force to be made up of robots. And then have one person on duty to control them.

Can we call this "Shaggian Economics"?

"Cannabis School"

Definitely. Get on Urban Dictionary.

sounds like communism.