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[–] bagano1 27 points -19 points (+8|-27) ago 

Yet you have no problem with some CEO doubling his $20 million pay. Think you failed Economics, retard.

[–] MrShekelstein 0 points 9 points (+9|-0) ago 

High CEO pay comes from exploiting cheap labor.

Jewish corporations are being forced to pay more for steel due to trumps tariffs right now.

These same jewish corporations are taking heavy "losses" on their profits and ceo wages and since they can't lower the labor costs anymore due to the minimum wage they just take it in the ass like the good little jews that they are.

The profit differences you're seeing goes directly to the steel industry which is more expensive in america due to higher wages and higher quality steel.

[–] Caesarkid1 1 points 8 points (+9|-1) ago 

The only one who loses in the case of the ceo's mismanagement would be the CEO and his company.

OTOH minimum wage hikes cut into every single business in an area and could even make some business models impossible to run at the prices consumers expect using legal labor.

[–] Butterbread 0 points 5 points (+5|-0) ago 

Not to mention the increased unemployment. Those inner city teens becoming thugs? Many would have jobs without a minimum wage

[–] Laurentius_the_pyro 1 points 5 points (+6|-1) ago 

"oh no, someone with a basic grasps of economics pointed out that the thing I like is actually bad! Quick I must bring up a completely irrelevant point that doesn't prove him wrong but will hopefully distract from how wrong I am"

Let's say we, for the purpose of argument grant your premise that increasing a CEO's 20 million wage is bad, we will assume you are correct here irregardless of if you actually are or not.

How, exactly would raising a CEO's wages being bad prove that raising minimum wage is bad? Minimum wage being bad for employment is basic economics, for a multitude of reasons.

Firstly it encourages the hiring of illegal alien workers who are paid under the table anyways and therefore are not subject to the minimum wage, discouraging hiring Citizens. This also encourages illegal immigration.

Secondly, and more directly relevant to the the example given in OP, when the minimum wage rises above the cost of automation, people are put out of jobs. The greater the difference between minimum wage and the long-term cost of automation the more likely companies will be willing to sink the upfront investment of automation.

You didn't just fail Economics, you failed basic logic.

[–] ssaa6oo 1 points -1 points (+0|-1) ago  (edited ago)

Strawman much? No one is arguing that raising minimum wage will not increase the unemployment rate. People are arguing that this is not always bad.

With the automation that is about to come jobs will be gone regardless of minimum wage. What's your suggestion for that problem? A quick Google search will show you that 1 in 15 people in the US are employed in the trucking industry. What happens when autonomous trucks take over the business? And automaton isn't coming only for low skill jobs. We must come up with a solution for high unemployment, not keep wages down in hopes we keep some jobs for 10 more years.

Also don't you think that your taxes shouldn't indirectly subsidize McDonald's?

[–] bagano1 2 points -1 points (+1|-2) ago 

You don't even know what the fuck you're talking about, bro. Go look at what happens in countries where the rich basically keep all the money to yourself. Go look at Mexico, Venezuela and Syria for a glimpse of your future in your glorious world where only the rich are allowed to be treated like human beings.

Fucking moron. Tired of listening to stupid-ass inbreds who live in trailer parks on this board.

[–] kevdude 1 points 3 points (+4|-1) ago 

Yet you have no problem with some CEO doubling his $20 million pay. Think you failed Economics, retard.

Life isn't fair. Maybe if we stopped subsidizing the useless eaters they would stop breeding.

[–] P33psh04h 1 points 2 points (+3|-1) ago 

Basic minimum income(SSI) needs to be abolished.