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TexasTowelie

(113,130 posts)
169. I see that you are unable to address how an increased minimum wage helps those
Sat Oct 6, 2018, 05:16 PM
Oct 2018

who are unemployed or have fixed incomes. You are also stating that what I have observed repeatedly over 40 years isn't true with no evidence to dispute those observations. The moment that I asked for some analysis you became frustrated with me and challenged me to produce my own study when I was upfront and stated that my evidence was anecdotal and based upon observation.

As a company you have to balance the number of customers with how much you can charge them. So if there are potential customers without enough money to buy your products, you have to consider what is the most cost effective path going forward...a higher price that cuts out consumers, or a lower one that has a bigger consumer base.


Your posts do make me question your understanding of economics. In fact you reminded me of this SNL skit:

https://sharetv.com/watch/114786

Similarly, if you price your product such that you are selling at a loss, then having more customers only means that you are going bankrupt faster. Even if a company does sell at a minimal profit with a larger customer base, the question then becomes whether anyone will be willing to invest in that company when the ROI is lowered? Overall that affects the viability of the company as capital becomes unavailable for expansion from either banks or investors. Ironically, making $8 or $10 an hour looks attractive in hindsight after the business closes and people are unemployed.

At this point your discussion with me is pointless because I possess real world experience and observations to rely upon. If you want to argue about theoretical models go find another guinea pig. You are ignoring the reality that the unemployed and those on fixed incomes face when inflationary policies destroy what little those people are holding onto.
Actually a pay CUT? Wow. That's very interesting. NurseJackie Oct 2018 #1
Looks like a left pocket / right pocket sort of thing... SidDithers Oct 2018 #5
Rejoice. Looks like that might not be true. The article includes a clarification from Amazon Power 2 the People Oct 2018 #9
even if it is a wash, it still isnt a big raise. mopinko Oct 2018 #15
bummer jcsg Oct 2018 #16
I sure as heck wouldn't be going around bragging about negotiating compensation cuts for workers. George II Oct 2018 #123
Neither would I. Best to vet things like this in advance. NurseJackie Oct 2018 #126
K&R Tarheel_Dem Oct 2018 #2
amazon is a PNW company and we are all going for 15$ an hr..they will be shamed by us... samnsara Oct 2018 #3
I tried to make that point the other day Yo_Mama_Been_Loggin Oct 2018 #63
Well, now a white man who doesn't work there has said it ehrnst Oct 2018 #98
So they cut other benefits and raised wages, damn uponit7771 Oct 2018 #4
I'll find the link but the data showed that Amazon's average warehouse worker made CentralMass Oct 2018 #17
Not so fast. See post #6. Looks like their stock awards went poof as well. Tarheel_Dem Oct 2018 #21
Yes. Thst is in those numbers. CentralMass Oct 2018 #25
So can you find the link to your 9% number? joshcryer Oct 2018 #30
Here you go ( as was at work earlier) CentralMass Oct 2018 #52
Your sources contradict each other. On the one hand you say an worker earns.... George II Oct 2018 #62
The 2018 numbers in the new link are worse then the 2013 numbers in the first link CentralMass Oct 2018 #121
According to this article pay varied by location Yo_Mama_Been_Loggin Oct 2018 #64
Yeah, hike pay in some areas, remove bonuses in others. joshcryer Oct 2018 #68
I'm seeing long timers say they will lose $500/mo... joshcryer Oct 2018 #67
"IF"? Tarheel_Dem Oct 2018 #31
They're losing their bonuses AND their annual stock award. For many they're losing more.... George II Oct 2018 #46
I would hate to have been a long timer who was slated for another stock. joshcryer Oct 2018 #69
Well, probably the old-timers won't be at minimum wage-- dawg day Oct 2018 #77
Who knows, those benefits might be cut for all employees, not just those going up to $15 / hour. George II Oct 2018 #104
... SidDithers Oct 2018 #6
Wow! Such a deal. R B Garr Oct 2018 #8
I mentioned this last night here: George II Oct 2018 #36
we always favored wage increases over bonuses and other incentives like stock options bigtree Oct 2018 #145
Hillary called it a bold impressive step KayF Oct 2018 #7
Way to go Hillary! Power 2 the People Oct 2018 #10
That should be an OP. There just aren't enough positive posts about our greatest Autumn Oct 2018 #14
Autumn: "That should be an OP. " sheshe2 Oct 2018 #87
+++ brer cat Oct 2018 #93
And you forgot that she was a US senator. Demit Oct 2018 #153
You mean Secretary Clinton. Your not so subtle dig is noted. ehrnst Oct 2018 #96
She was always my favorite First Lady. I was a big supporter in 08. Autumn Oct 2018 #111
I guess that "red x" wasn't working. ehrnst Oct 2018 #114
Must I use all her titles just to make you happy? Autumn Oct 2018 #115
"I'm lazy and I don't want to type that much so I don't think I will." betsuni Oct 2018 #117
..... ehrnst Oct 2018 #119
Here's a post with a lot of typing Betsuni. You're welcome and enjoy the Autumn Oct 2018 #122
Oh dear! LOL! :-D NurseJackie Oct 2018 #127
F-i-r-s-t - L-a-d-y: 9 characters + 1 space (two caps) lapucelle Oct 2018 #134
Thought so.... ehrnst Oct 2018 #120
I met Bill Clinton twice on his campaign when he was Governor. Should I refer to him as "Governor"? George II Oct 2018 #125
You can call him whatever you want, I won't insist that you add a title. Autumn Oct 2018 #128
Actually Secretary of State is a role, not a rank Revanchist Oct 2018 #173
... betsuni Oct 2018 #97
Has Hillary Clinton not done anything since January 20, 2001? George II Oct 2018 #124
Yes she has, truth is Hillary, IMO, is the only politician that has laid out Autumn Oct 2018 #130
Well, that's umm, different. Hassin Bin Sober Oct 2018 #32
What's "umm, different" about it? You're laughing about something Hillary Clinton said that.... George II Oct 2018 #38
+1, plus I don't see Hillary running around acting like a savior. R B Garr Oct 2018 #44
That triggered one is awful kcr Oct 2018 #47
Exactly, it's totally trollish. nt R B Garr Oct 2018 #54
Especially right now. betsuni Oct 2018 #57
So weird how two groups have that in common, huh? n/t kcr Oct 2018 #59
Indeed! betsuni Oct 2018 #60
I remember. sheshe2 Oct 2018 #75
(and lowered benefits).... George II Oct 2018 #78
;) sheshe2 Oct 2018 #82
George II... Hekate Oct 2018 #89
I'm shocked DU has not removed the two gifs . stonecutter357 Oct 2018 #159
Sanders: Bezos is "doing exactly the right thing," he's giving credit where it's due. Is he wrong? betsuni Oct 2018 #53
"Today, I want to give credit where credit is due." betsuni Oct 2018 #110
And by making it all about Sanders, it distracts from the bait and switch Amazon engaged in. JHan Oct 2018 #133
And kudos to Bernie?? Cue the crickets... chirp, chirp!! InAbLuEsTaTe Oct 2018 #102
What are you talking about? betsuni Oct 2018 #107
Wow! Guess he left that part out. Glad to see the truth being told. Bfd Oct 2018 #11
Reply #17 nt Doremus Oct 2018 #19
I pointed out this shell game yesterday. They would gain more by playing a game of... George II Oct 2018 #39
I read earlier today, it was a strategic move since the competition for part time /seasonal & Bfd Oct 2018 #55
So most will lose more than the gain? sheshe2 Oct 2018 #12
SO's school district does this every year mcar Oct 2018 #13
That's interesting. I hope media houses pick up on this and examine it more closely. JHan Oct 2018 #18
Reply #17 nt Doremus Oct 2018 #20
Reply #6 nt Tarheel_Dem Oct 2018 #22
this is why it's better to focus on legislation . JI7 Oct 2018 #23
Amazon needs a fucking union ismnotwasm Oct 2018 #24
Amazon's Aggressive Anti-Union Tactics Revealed in Leaked 45-Minute Video Sqee Oct 2018 #26
Yes. Unionize Bfd Oct 2018 #27
Right on Agree Mel Oct 2018 #28
+1000 mountain grammy Oct 2018 #136
I Wondered What The Chink In The Armor Would Be Me. Oct 2018 #29
Well CNBC is on the case. They always have the little guy's best interest in mind. Hassin Bin Sober Oct 2018 #33
Whether Or Not CNBC Is On It Me. Oct 2018 #40
Everyone got a raise and you mad? Get over it already. Hassin Bin Sober Oct 2018 #41
I Guess You Didn't Read The Following.... Me. Oct 2018 #43
Raise then benefits cut is a zero raise. sheshe2 Oct 2018 #79
Looking at overall compensation, everyone did NOT get a raise, many had their compensation.... George II Oct 2018 #101
You "triggered" like your sig line? betsuni Oct 2018 #109
I've pointed this out countless times between yesterday and today. Yes, those with hourly pay.... George II Oct 2018 #34
KICK for The Hoarse Whisperer! Cha Oct 2018 #35
Yes. Thank you! NurseJackie Oct 2018 #45
.. Cha Oct 2018 #51
Remember how melman Oct 2018 #37
Lol. I know, right? They'll settle on an attack plan sooner or later. Hassin Bin Sober Oct 2018 #42
lol... disillusioned73 Oct 2018 #99
Remember when Amazon was a shitty company that didn't care about their workers? kcr Oct 2018 #50
happened so quickly lol blink of an eye. JHan Oct 2018 #70
They still are a shitty company melman Oct 2018 #71
Were you not one of those who claimed it was "all him"? George II Oct 2018 #72
Certainly not melman Oct 2018 #73
Oh? George II Oct 2018 #74
... betsuni Oct 2018 #76
Oh! sheshe2 Oct 2018 #81
Busted! I remember the deceptive wording of R B Garr Oct 2018 #84
Indeed.... George II Oct 2018 #86
Boom! NurseJackie Oct 2018 #105
And...that development is Bernie's fault because.....? LiberalLovinLug Oct 2018 #48
It will not... disillusioned73 Oct 2018 #100
Stop buying from Amazon Perseus Oct 2018 #49
Or.....stop SELLING on Amazon (i.e., books, coffee cups, t-shirts, bumper stickers, etc.) George II Oct 2018 #80
Yeah, 'cuz Walmart treats their employees like kings and queens. ZZenith Oct 2018 #88
I refuse to buy from Walmart too... or to serve on their Board of Directors. InAbLuEsTaTe Oct 2018 #103
Walmart is worse than amazon JI7 Oct 2018 #90
MUCH worse... why no one with a progressive bone in their body should associate with Walmart InAbLuEsTaTe Oct 2018 #106
Sanders would have workers believe that they can improve their conditions, TexasTowelie Oct 2018 #56
Absolutely. It is beyond foolish to think that this is how change happens. kcr Oct 2018 #58
+1 betsuni Oct 2018 #61
+1,000,000 George II Oct 2018 #65
Well said! R B Garr Oct 2018 #85
According to what would he have you believe that? Where did you pull that from? And that JCanete Oct 2018 #91
Thank you for admitting it, JCanete. TexasTowelie Oct 2018 #92
That's not at all what I said, and if you want to reach people you have to use the outlets available JCanete Oct 2018 #135
I find it amusing that what I said in the post that started this subthread came true again today. TexasTowelie Oct 2018 #142
no, you are very wrong about who a higher minimum wage hurts. You put more money into the hands JCanete Oct 2018 #143
I admit that I have to rely on anecdotal evidence, observations, and personal experience TexasTowelie Oct 2018 #146
My theoretical model? JCanete Oct 2018 #151
Ah yes here is the theoretical model, TexasTowelie Oct 2018 #152
I don't get it...if they aren't in the labor market the current system isn't doing them any good JCanete Oct 2018 #162
I'm not buying what you're selling. TexasTowelie Oct 2018 #164
Show me a study that proves the history that you are presenting. Again, you can only charge what JCanete Oct 2018 #165
I see that you are unable to address how an increased minimum wage helps those TexasTowelie Oct 2018 #169
first, I accept your anecdotal evidence but it still doesn't add up to me. It doesn't make sense. JCanete Oct 2018 #170
Then let us refer back to post #162. TexasTowelie Oct 2018 #171
Amazon is a large corporation, not a "platform". As I pointed out elsewhere, they are not... George II Oct 2018 #108
You heard it here first folks melman Oct 2018 #113
You forgot this: George II Oct 2018 #116
That's still a dumb argument. Amazon has set all of these bookstores in decline, including JCanete Oct 2018 #137
I buy lots of books, Amazon has made selling books competitive... Historic NY Oct 2018 #156
what it has done is depressed the value of a writer's work by a lot. It has opened up opportuinities JCanete Oct 2018 #160
It's not like the internet only connects to Amazon. He could pick a little R B Garr Oct 2018 #118
And he'd be making barely a peep in the wilderness with that strategy...I get it...that's why you JCanete Oct 2018 #138
He should be explaining the benefits of large corporations then R B Garr Oct 2018 #139
again, getting out a message is not the same as self-agrandizement or profiteering. JCanete Oct 2018 #140
No "evidence" is needed to compare someone's words R B Garr Oct 2018 #141
what is his message? That you shouldn't be able to make a profit, or that you shouldn't be able to JCanete Oct 2018 #144
The message is so obvious that it appears your post is just to offer more excuses R B Garr Oct 2018 #147
really? I'm asking a direct question that you are dancing around because you don't have an answer. JCanete Oct 2018 #150
I guess you think you are being clever by trying to obfuscate, R B Garr Oct 2018 #158
Yeah, I see. Explaining yourself here would actually clarify your argument enough that it could be JCanete Oct 2018 #161
It was clear what I said in my first post on the subject, but apparently R B Garr Oct 2018 #167
so you have to drag in what some of his followers encourage of others rather than anything he has JCanete Oct 2018 #168
LOL, more obfuscating and excuses. Now I'm "shoehorning". R B Garr Oct 2018 #172
If you contradict yourself "getting out the message" then it's just propaganda. R B Garr Oct 2018 #148
I'll ask again, albeit futilely. What is the contradiction? Your chief concern seems to be JCanete Oct 2018 #149
There is nothing to "defend" about observing someone's R B Garr Oct 2018 #157
OMG melman Oct 2018 #112
OMG melman, it's just too much TexasTowelie Oct 2018 #132
Knew there was a catch. joshcryer Oct 2018 #66
I've read the op and some of the comments.... Upthevibe Oct 2018 #83
K&R Jamaal510 Oct 2018 #94
K&R betsuni Oct 2018 #95
They could cut Jeff Bezos' salary by a few billion to pay for it. Initech Oct 2018 #129
There's always a catch. MineralMan Oct 2018 #131
Amazon stock price...1889.65 close yesterday.... Historic NY Oct 2018 #154
So the approved Dem response is don't raise the wages??? dembotoz Oct 2018 #155
Which package is worth more... lame54 Oct 2018 #163
There's always a juggle. moriah Oct 2018 #166
Latest Discussions»General Discussion»So, about that Amazon wag...»Reply #169