Huff Post redacts itself regarding McDonald's wages

HEARTLESS wrote: Those that read, and believe HuffingPoop articles, clearly are huffing poop.

They don't write many articles by the way, they are usually reprints or links...often to many of the same articles you see on drudge or otherwise.

There is obviously a left lean, but there is still a ton of info on that site, aside from their obvious mission to get all straight people to divorce and all gay people to marry...all while smoking legal weed. Oh, oh and Huffpost definitely likes price fixing.



In the end the reason the $15 McMinWages and Min Wages is wrong is that it is just immoral to lift a stick to someone that does not pay what you want them to for your time or goods, in all other transactions, that is stealing, even if you ask the govt to lift the stick for you, in fact especially if you ask the govt to do it for you, no matter how long they have been doing it for you (LJ).

A real min wage protest, where people do what they want without the permission of the masters is for these protest groups to raise that stick and try forcing the min wage in just one restaurant prior to govt assistance.

And the protesters can do it without a stick too, just like the govt, they can demand the wage or they will get enough people sit in front of the doors they chain and make sure you cannot do business, no blood at all (except when the police show up after the mgr calls them, obviously). Now that would be a protest, keep people out of the restaurants...do it just like the govt would do it, just threaten that you will shut them down if they don't pay "fair".

If it would not be acceptable in such a protest, how on earth can it be acceptable on a mass scale?

on that note wrote: The unemployment rate of people with college degrees is one thing, I was referring to recent grads and the semiretired. Recent grads are unlikely to have an unemployment rate of 3.8% and when many do not find work, they cannot even apply for benefits or end up on any list. I am speaking as an employer in a number of college towns, even ones with very low general unemployment rates. When I post that I am looking for a clerk in one of my stores...I get flooded with recent grads looking for something to wait out the bad economy. You know, kind of like waiting to go bald, just longer.

http://www.huffingtonpost.com/2013/06/1 ... 62712.html

According to this, recent Architect grads (12+%), Graphic designers (10%), teachers (5% and are generally govt workers who make more than the median in the US) and overall 7.9% based on 22-26 yr olds and I repeat, I expect this group is really good at not ending up on lists, so these are likely underestimates or they accounted for this.

http://www.ibtimes.com/educated-unemplo ... ds-1324431

According to this, some of the above is confirmed and it shows that folks with just a High School education have an easier time finding employment than college grads when both are in the mid 20s. This makes sense given that the High School Grad prob. spent the last 7 years getting marketable skills or they would have starved, where as the college grad lived off of someone else or their future and were encouraged to study what made them happy at school.

My sense on the ground is that this particular group is very desperate (college grads recent), underemployed, in a fair amount of debt and likely going to feel the effects of this for 20-30 years if not the rest of their lives.

Too bad mom and dad pushed for college in stead of opportunity....they thought they were the same thing, in fact some even thought that the only way to opportunity was college.

It costs close to $50-200k to get an education. Most college grads would have been better off investing in starting a small business, even a lawn mowing business, or even 2 businesses. With a good high school education and a mentor they would have been off like a prom dress in many cases or at least better off than they are now.

There is another long term effect that is going to come due. Many of the folks that graduate that need jobs will flip the burger, those that don't will go home to mom and dad, who themselves are not so great off and are going to live longer than previous gens and need more money. But they will continue to face large inflation, taxation and they have not saved well/lost what they have saved.....and now they have to continue to support all the jrs. that don't want to flip burgers. And in part they don't want jr to flip burgers because after paying for what amounts to a house for an education, they don't want to admit they failed in guiding their kids into school either.

IMMVHO

Good points.

I did mention that the unemployment rate for new grads may be higher. But your Huff Post link puts it at 7.8% for grads age 22-26, which is higher than I'd of guessed (I'm just assuming that number is close to accurate). Also, since you actually hire people in your own business unlike most here, I'll respect what you have to say from your own personal experience.

While personal experience might not be the same as what's going on nationally, it's still far better and more useful than LJ's mindless cut and pasting from biased stuff that doesn't even address what we are discussing in this thread.

Plus I'm still waiting for LJ's proof about there being plenty of evidence about the Big Mac only going up in price by 65-70 cents other than the hundreds of liberal blogs that just quoted the redacted Huff Post article in the first place. Not to mention her Fox News claim...

OK, I digress here. My point is you at least have real experience in the matter under discussion.

I'll also say that if McD's wages went up to $15/hr, then many people who gave up looking for jobs would start biting on that too, and I'm not sure you considered that. These may be people without a college degree who still had decent jobs. But once they lost those jobs, they didn't want to take a minimum wage job flipping burgers and just gave up looking for a job which means they don't show up on the unemployment rate.

Anyway, I agree if wages were increased that much, marginal employees would lose their jobs and be replaced with better employees. It seems pretty obvious.

Also, if the Big Mac gets too expensive, far fewer will buy it. And if wages became the major part of the expense of a burger, taking away one patty won't make much of a difference in the cost of the burger. So goodbye to the $1, $2, or even $3 burger. And goodbye to jobs. People will make their own burger instead.

pineinthegrass wrote:
Anyway, I agree if wages were increased that much, marginal employees would lose their jobs and be replaced with better employees. It seems pretty obvious.

Though I appreciate you can see my perspective, most do not and most are not even willing to talk about the economic effects of the policies. I also appreciate the respect, it is not common around here. Finally someone recognizes that someone that has employed more people than regularly post here knows more about employment economics than someone whose only qualifications are as a regular huffpost reader (which I am too) and jazz player (which I am too), I just also happen to play in the market that everyone is talking about with more than one other trader.

What you have observed is why people worth less than $7.25 are suffering so much because they have been legislated out of employment, literally. The national policy is that if you are worth less than $7.25 that you should be on public assistance for survival it is illegal for someone to hire you and allow you to gain more skills, you must do it in some non paying way. We specifically have a policy to make sure that the work that is done by people worth less than $7.25 is done by people in other lands where it is legal and then we keep it legal for them to import their goods made for less than $7.25 and then we feel it is moral for everyone to be able to buy those goods (like LJ).

The only one that benefits from min wages are those that make far more than them and like them politically because it makes them feel like they are doing something for the lowest class folks when in fact they are selling the lowest classes folks pay to the class just above them for cheap and cutting the low class folks out of the job market and making them into welfare families, when they could have in stead been low wage families...getting perhaps less assistance and feeling like they earned something.

Again, I ask everyone, what is the ideal min wage and why, it is not zero, it is not infinity, so what is it and how do we calculate it, if we are going to be immoral to wipe out opportunity for anyone worth less than the number you calculate?

https://www.youtube.com/watch?v=3ZDcMjz2hVk