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DemocratSinceBirth

(99,708 posts)
Sun May 8, 2016, 06:06 PM May 2016

On a scale of 1-10 with 10 being the worst how bad is Trump's plan to end the federal minimum wage ?


7 votes, 0 passes | Time left: Unlimited
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1 (14%)
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1 (14%)
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Nine
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Ten
5 (71%)
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On a scale of 1-10 with 10 being the worst how bad is Trump's plan to end the federal minimum wage ? (Original Post) DemocratSinceBirth May 2016 OP
I'm sorry Uponthegears May 2016 #1
I wish I owned that home... DemocratSinceBirth May 2016 #2
+1 Uponthegears May 2016 #3
I worry about minimum wage increases Indpndntfrombirth May 2016 #4
The money pump works from the bottom up Warpy May 2016 #5
Trump will probably change his mind tomorrow. DemocratSinceBirth May 2016 #10
If they can't find a way to pay minimum wage they don't have a very good business plan... Human101948 May 2016 #6
I prefer an increase in the EITC and a federal minimum wage of $12.00 DemocratSinceBirth May 2016 #8
Welcome to DU, be careful praising Clintons around here... Jeffersons Ghost May 2016 #14
The EITC was first proposed by George McGovern. Republicans called it a giveaway and lambasted it. DemocratSinceBirth May 2016 #15
The EITC is a lot like the 5 cent bottle bill, it has no downside Indpndntfrombirth May 2016 #18
It's pretty good. cloudbase May 2016 #7
He reminds me of a kid in high school who writes about how the nation would be if he ran it. DemocratSinceBirth May 2016 #9
11 Chan790 May 2016 #11
People who voted 10 are forgetting to leave room for the rest of his campaign to come. Donald Ian Rankin May 2016 #12
If life was just, which it isn't MissDeeds May 2016 #13
You mean you couldn't borrow a million dollars from your daddy and trade on his name to... DemocratSinceBirth May 2016 #16
I'm going to give it a nine jmowreader May 2016 #17

DemocratSinceBirth

(99,708 posts)
2. I wish I owned that home...
Sun May 8, 2016, 06:12 PM
May 2016

I would sell it, use the proceeds to buy something nice for myself but infinitely less pretentious, buy a nice $35,000,00 car, invest some of it, live off the interest, and use the rest to start a foundation.

4. I worry about minimum wage increases
Sun May 8, 2016, 06:20 PM
May 2016

Won't the people right above the minimum wage recipients in the seniority / experience hierarchy feel screwed? Then don't their wages have to be increased too? Seems like some small businesses will likely just cut workers or not hire workers. I prefer an expansion of Clinton's earned interest credit idea.

Warpy

(111,106 posts)
5. The money pump works from the bottom up
Sun May 8, 2016, 06:24 PM
May 2016

so yes, a minimum wage increase kicks off increases for all working people. With more money to spend, they stimulate demand and increase business and profits over what their bosses are spending on increased wages.

It's all counterintuitive, but that's how it works. It's also why no one calls for a rollback of any increase six months after it has been enacted.

 

Human101948

(3,457 posts)
6. If they can't find a way to pay minimum wage they don't have a very good business plan...
Sun May 8, 2016, 06:25 PM
May 2016

Too many businesses only work because they exploit their workers. The boss is only able to keep the business going by screwing their workers. That is a losuy business model.

I make this observation as a small business owner with twenty years of experience.

DemocratSinceBirth

(99,708 posts)
8. I prefer an increase in the EITC and a federal minimum wage of $12.00
Sun May 8, 2016, 06:27 PM
May 2016
But $12.00 is the absolute floor. Locales can have a higher minimum wage , of course. If it was up to me the minimum wage would be higher but you have to weigh the benefits versus the costs. If it results in a not insignificant loss of jobs that is a problem.

I don't know what the inflection point is.


Jeffersons Ghost

(15,235 posts)
14. Welcome to DU, be careful praising Clintons around here...
Sun May 8, 2016, 07:01 PM
May 2016

Personally, I think Bill Clinton was a better president than Kennedy. If the trend continues, we should create a Free Republican Forum.

DemocratSinceBirth

(99,708 posts)
15. The EITC was first proposed by George McGovern. Republicans called it a giveaway and lambasted it.
Sun May 8, 2016, 07:05 PM
May 2016

Then Milton Friedman embraced it and many embraced it along with him. Any thing that gets more money in the hands of the working poor is positive. However a $7.25 minimum wage is too low!

18. The EITC is a lot like the 5 cent bottle bill, it has no downside
Sun May 8, 2016, 07:39 PM
May 2016

Unfortunately, increasing the minimum wage does have a downside. Absent business owner charity or irrationality, it prices out of the labor market people whose skills cannot rationally justify the compelled higher wage.

It is self-defeating insofar as it harms the most vulnerable in our society - and favors those organized and ALREADY employed. Its pro-union but anti-black. It's pro-organized labor but anti-young and marginalized.

It's why the black congressional caucus long opposed the increased minimum wage.

Better is an expansion of the EITC and focused directed work programs.

Donald Ian Rankin

(13,598 posts)
12. People who voted 10 are forgetting to leave room for the rest of his campaign to come.
Sun May 8, 2016, 06:50 PM
May 2016

It's pretty bad - the risk that raising a minimum wage will increase unemployment becomes much greater if employers just have to cross a state line rather than moving to another country, so this is something you really want set at a federal level rather than states having to compete on - but I'm confident he'll top it without difficulty.
 

MissDeeds

(7,499 posts)
13. If life was just, which it isn't
Sun May 8, 2016, 06:51 PM
May 2016

Trump, his wife, and his children should have to live under his plan for six months. I was going to say a year, but because I'm a liberal, I'm more compassionate than that.

DemocratSinceBirth

(99,708 posts)
16. You mean you couldn't borrow a million dollars from your daddy and trade on his name to...
Sun May 8, 2016, 07:08 PM
May 2016

You mean you couldn't borrow a million dollars from your daddy and trade on his name to create an empire. Maybe he could have done it on his own if he started life like the rest of us plebeians but he didn't.

jmowreader

(50,520 posts)
17. I'm going to give it a nine
Sun May 8, 2016, 07:34 PM
May 2016

Compared to some of the shit he's dropped on us during the campaign - a plan to do things that are worse than waterboarding, forcing Mexico to pay for a wall that ain't gonna work anyway, forced deportation of eleven million people - getting rid of the minimum wage is Very Bad but Not As Bad As It Could Be.

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