If minimum wage goes up to 15 bucks an hour?

Discussion in 'Questions From New Drivers' started by ad356, Oct 3, 2017.

  1. kidz bop

    kidz bop Light Load Member

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    just make sure to increase wages in all professions this includes trucker wages that been trapped in the 80s. not just minimum wage. cost of everything rises over time from inflation but wages have not. we need a 'higher power' to water this plant and get it well off again, that is the government, if they don't monitor this plant it will wither and die, they need to monitor it and take care of it.
     
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  3. AModelCat

    AModelCat Road Train Member

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    Well when McDonald's needs to pay all its staff a couple bucks an hour more overnight, don't be surprised to see the price of everything on the menu also jumps a buck overnight as well.
     
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  4. wyldhorses

    wyldhorses Medium Load Member

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    Target just recently announced they are raising their starting salary to $15 per hour for all employees over the next two years, nationwide. Home every night too :) Truck drivers are making less than they did in 1980 adjusted for inflation. That, plus being gone away from home, very hard to have a girlfriend or have a social life and enjoy life, tells you everything you need to know about why being a truck driver is...well...you know....Target's move to $15 an hour 'blows up' this myth about raising minimum wage
     
  5. shogun

    shogun Road Train Member

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    Target stock is down from $83 to $58 in the last year, profit margin is down. Now with $15 an hour minimum wage, how exactly do they plan to turn any profit without increasing their prices in a competitive market? Maybe I am missing something here.
     
  6. gentleroger

    gentleroger Road Train Member

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    You're missing their data breaches, miscues on stock buying and their inability to compete with online retailers. Their business model hasn't changed since the early 2000's and its hurting them. Their quarterly and annual results haven't been bad, but they're not good either. As an investor, Target doesn't look like a good long term hold and there isn't the volatility to drive short term investment. Thus the stock price falls.

    Reducing staff turnover and creating staff loyalty and dedication can cut costs.
     
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  7. king Q

    king Q Road Train Member

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    Things are not what they appear on the surface , they are way different actually.
    You see , if the USA withdrew militarily from those areas you suggest then they would lose their ability to force and influence their will. These areas where the US$ is widely used may switch to their own or some other major economy currency. They may not want to trade oil or other commodities in US$. Now you may ask "Why that is important" ? Its like this , more than 2/3 of the US$ cash is not held or used in the USA but other parts of the world. Then the oil trading business which is a big big deal is almost exclusively traded in US$. Most other commodities as well. Now this situation which is unique to the USA allows the USA to tax much of the world by means of the printing press. The USA is the only country that can print money , inject it in to their local economy yet export big portions the inflationary depreciation to areas all over the world. Simply the assets in any common monetary area are represented by money in circulation. If you just double the amount of money by printing more then the money looses value because you still have the same assets but more money to represent it. That is why when countries just print money their inflation spirals out of control. The USA however takes 100% of the money it prints in to its own economy but 2/3 of the depreciation of the cash is in foreign countries where the US$ is used.Its like having a charge card where you run up credit but only have to pay back 1/3 yourself and others will pick up the tab for 2/3. Best deal ever , but it comes at a price. You need to convince those who want to stop using the US$ not to do so. Now if these happen to be oil trading nations with leaders like Saddam Hussein or Muammar Gaddafi who want to stop trading their oil in US$ and lead a revolt against the US$ you may need to insist strongly. To do this you need to have the resources to insist strongly in the area. Its big big business and its getting harder. Harder to make sure you are getting a positive return on the cost of running this hardware and infrastructure all over the world. There are also some trouble makers who are harder to roll over than Saddam or Gaddafi. China want to get countries to start using their RMB because they get it. Russia does not want to trade its gas and oil in US$. Interesting times indeed.
     
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