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StrongBad

(2,100 posts)

24. But prices would rise if you increase the minimum wage.

Fri Aug 7, 2015, 02:29 PM

Aug 2015

As showed earlier, an increase in wage by .64 would result in the complete erasure of the company's profits assuming they don't lay off any workers or increase their prices. One of those outcomes would have to happen if there was a wage increase.

Instead of legislating the decisions of private businesses, the better course of action if you're really concerned about worker welfare would be the taxation and redistribution of income in the form of welfare programs.

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Dunkin Donut CEO Who Makes $4,887 an Hour Outraged at $15 Minimum Wage [View all] marmar Aug 2015 OP

Greedy people suck. nt City Lights Aug 2015 #1

This. Agschmid Aug 2015 #2

Except... StrongBad Aug 2015 #9

Actually the number is closer to 1.87 cents per hour Glassunion Aug 2015 #19

Please explain your math. StrongBad Aug 2015 #20

What about legislating the minimum wage would be problematic? Glassunion Aug 2015 #23

But prices would rise if you increase the minimum wage. StrongBad Aug 2015 #24

I'm still not of the opinion that mandating the minimum wage Glassunion Aug 2015 #31

My opinion... StrongBad Aug 2015 #45

That "interference" crap is hifiguy Aug 2015 #55

I just proved to you using real life figures and calculations... StrongBad Aug 2015 #57

Your math is flawed. Glassunion Aug 2015 #66

But the total amount of labor hours needed to produce current output is static StrongBad Aug 2015 #68

Yes, your math is incorrect. Glassunion Aug 2015 #74

Nope, my math is correct if you want to pay all employees equally performing the same position. StrongBad Aug 2015 #77

"If that were the case, why not increase the price on the least popular item by $100? " Dark n Stormy Knight Aug 2015 #83

Right, because no wage paid to workers is better than minimum wage. StrongBad Aug 2015 #85

If that's what it takes to bring on a major change, then yes. Dark n Stormy Knight Aug 2015 #88

Yikes. StrongBad Aug 2015 #89

Yeah. I know. Scary for some to think people will finally revolt against this "free market" BS. Dark n Stormy Knight Aug 2015 #97

Your math is still wrong. Glassunion Aug 2015 #121

How long should I wait to see StrongBad's reply to this argument? Dark n Stormy Knight Aug 2015 #78

One minute. It's already there. StrongBad Aug 2015 #81

They doubled (actually tripled) down. Glassunion Aug 2015 #82

Indeed. Glassunion Aug 2015 #76

Prices are already rising without touching the minimum wage. RichVRichV Aug 2015 #103

+1000 laundry_queen Aug 2015 #128

You're asking other people to stay away from empty rhetoric? Hissyspit Aug 2015 #110

#Bazinga TeamPooka Aug 2015 #119

Actually, if you took the excess compensation of the CEO CreekDog Aug 2015 #129

I would be more sympathetic, but... HassleCat Aug 2015 #3

I can't believe Dunkin Donuts exists. onehandle Aug 2015 #5

True. People complain about Starbucks, but I get a much different vibe smirkymonkey Aug 2015 #70

Here is a little secret... Glassunion Aug 2015 #75

Good to know! smirkymonkey Aug 2015 #108

Why do working men and women take their business to these companies? There are much better donuts kelliekat44 Aug 2015 #4

While he is doubtless overpaid and minimum wage earners the reverse, CEO pay comparisons are always whatthehey Aug 2015 #6

Why most of the DD's are franchises. Historic NY Aug 2015 #7

Great idea! Let's pay the CEO $0 per year and distribute all his money equally to DD employees. StrongBad Aug 2015 #8

Huh? marmar Aug 2015 #10

The article implies you're upset at the disparity between CEO and employee pay. StrongBad Aug 2015 #12

The point is that someone making that much an hour is in no place to call $15 a ridiculously high gollygee Aug 2015 #25

Disagree StrongBad Aug 2015 #27

It sounds like you're opposed to a higher minimum wage gollygee Aug 2015 #30

And they all collectively can decide to layoff workers rather than raise prices. StrongBad Aug 2015 #33

Except you are wrong that a $15 minimum wage ... ThePhilosopher04 Aug 2015 #32

Wrong. StrongBad Aug 2015 #40

Strong is bad. tenderfoot Aug 2015 #118

He doesn't care about small business. He only cares about his fortune. Initech Aug 2015 #11

But if he gave away his entire salary that would translate to a whopping 3 cent increase per hour. StrongBad Aug 2015 #15

Understood. But the underlying issue hifiguy Aug 2015 #26

Dude, you have no idea what sort of skills and work ethic is required to run a company. StrongBad Aug 2015 #29

Neither do you ThePhilosopher04 Aug 2015 #34

Yup. As long as there are some kind of hifiguy Aug 2015 #35

Given the massive layers of bureaucracy, hifiguy Aug 2015 #41

are you saying that severe income disparity is always the cost of doing business? pepperbear Aug 2015 #84

If there aren't enough skilled workers, yes. StrongBad Aug 2015 #87

"Interfering with markets" Hissyspit Aug 2015 #115

It's call a cost of doing business. Gormy Cuss Aug 2015 #120

+1000 smirkymonkey Aug 2015 #111

Dunkin Donuts stockholders would like to know why the CEO has been hiring unneeded employees. ieoeja Aug 2015 #13

Exactly! Populist_Prole Aug 2015 #16

Nope. StrongBad Aug 2015 #21

The narrative in your posts in this thread... AOR Aug 2015 #36

I'm sorry you don't like basic mathematics. StrongBad Aug 2015 #43

The horseshit you're posting in this thread... AOR Aug 2015 #47

Take your Marxist bullshit elsewhere, comrade. StrongBad Aug 2015 #48

LMFAO... AOR Aug 2015 #50

It's wrong to suggest the Democratic Party = Marxism. StrongBad Aug 2015 #52

Really don't give a shit what people are calling themselves these days... AOR Aug 2015 #64

Sorry, you get paid depending on your skills and what value you provide to an employer. StrongBad Aug 2015 #72

How about businesses thrive or fail based on their value to society? If your business can't succeed Dark n Stormy Knight Aug 2015 #79

That's why I support income tax and redistribution rather than market intervention. StrongBad Aug 2015 #80

Both are necessary. I don't buy the magic markets BS. Dark n Stormy Knight Aug 2015 #86

Lol...once again you reveal yourself grasshopper... AOR Aug 2015 #90

Heh. You're adorable. StrongBad Aug 2015 #91

Very amusing grasshopper... AOR Aug 2015 #99

Do you seriously believe that the DD CEO is worth what he's being paid? randome Aug 2015 #109

I disagree, but only slightly. Glassunion Aug 2015 #122

Thank YOU! smirkymonkey Aug 2015 #113

If you were any more full of crap you would hifiguy Aug 2015 #53

Gotcha, so they just didn't do it right. StrongBad Aug 2015 #54

Reading comp is not your strong suit. hifiguy Aug 2015 #56

Quick question StrongBad Aug 2015 #58

Go read some Stiglitz, Piketty or Krugman. hifiguy Aug 2015 #61

Appeal to authority. Nice work. StrongBad Aug 2015 #62

here is one thing you dodge DonCoquixote Aug 2015 #92

His company is making 216 million in profit a year. StrongBad Aug 2015 #93

and then they can start looking good DonCoquixote Aug 2015 #95

Sure they can. StrongBad Aug 2015 #100

sure I will play DonCoquixote Aug 2015 #105

No. He's appealing to their arguments. Hissyspit Aug 2015 #114

Oh, for chrissake. Hissyspit Aug 2015 #112

The vote was 4-3 to leave your red-baiting comment. Hissyspit Aug 2015 #116

"populist prole" . . . . WTF? HughBeaumont Aug 2015 #42

Chill, I was just referencing his username. StrongBad Aug 2015 #44

And failing at that Populist_Prole Aug 2015 #107

Because it is. It's just the same old plutocratic/oligarchic bullshit hifiguy Aug 2015 #59

"LOLbertarian" CreekDog Aug 2015 #130

Horseshit Populist_Prole Aug 2015 #106

I can see his point Turbineguy Aug 2015 #14

shouldn't we be asking ourselves what a donut has to do with a dollar olddots Aug 2015 #17

Living wages are for Eurotards. Look to Bangladesh for a better example. HickFromTheTick Aug 2015 #18

Ok, let's make it illegal for Dunkin Donuts to make any profits. StrongBad Aug 2015 #22

Maybe those making minimum wage should take a pay cut Politicalboi Aug 2015 #39

I'm sorry that you don't like math. StrongBad Aug 2015 #46

Greece for Everybody!! hifiguy Aug 2015 #28

These CEOs are so out to lunch (probably literally). Juicy_Bellows Aug 2015 #37

The crowning glory of the CEO game is twofold. hifiguy Aug 2015 #49

It sure is disgusting. Juicy_Bellows Aug 2015 #51

You're right. Since he's an asshole let's force him to work for $0/year StrongBad Aug 2015 #63

Millions or zero. Pretty binary thinking. Juicy_Bellows Aug 2015 #65

I'm just illustrating that even at the most ridiculous ($0 salary) scenario StrongBad Aug 2015 #69

One could argue that they could cut salaries by 3 cents Juicy_Bellows Aug 2015 #71

Fair point. But who are we to decide if the company is succeeding? StrongBad Aug 2015 #73

I find his salary absolutely outrageous. nt Live and Learn Aug 2015 #38

A one percenter and then some. lpbk2713 Aug 2015 #60

He and society both would benefit from him being shortened. hobbit709 Aug 2015 #67

80 years of "minimum wage will collapse the economy" Nevernose Aug 2015 #94

Greedy, greedy pig. ellie Aug 2015 #96

Race to the bottom. Octafish Aug 2015 #98

Greedy fuck in CEO's see employees as property liberal N proud Aug 2015 #101

there is a very bad smell drifting from down in this thread SoLeftIAmRight Aug 2015 #102

Stunning Snow Leopard Aug 2015 #104

a lot of assholes here defending the ceo - how typical of the new DU tenderfoot Aug 2015 #117

"A lot" Glassunion Aug 2015 #123

One = one too many = a lot. tenderfoot Aug 2015 #124

You're right. Glassunion Aug 2015 #125

the more money the top paid make, the more they resent every cent the lowest paid person earns HFRN Aug 2015 #126

Increase the price of donuts 15 cents and stfu. nt killbotfactory Aug 2015 #127