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Would you kill Disney for a guaranteed 24$ an hour minimum wage for everyone in the US?
- Thread starter Durden
- Start date
Sure. I mean, some Disney movies have been important cultural touchstones, but someone will fill that gap if Disney were gone.
Still doesn't make sense to me when it only benefits the USA. There are other ways to deal with Disney before "killing it off". It is fucking stupid. I'm actually surprised that this topic is still open.
Forgive me if I'm ignorant on this, but wouldn't essentially doubling minimum wage just quickly create inflation where $24 would become the new $12 or whatever? I thought the idea behind gradually raising it to $15 was to avoid this.
Also, we always have to be careful what we wish for on things like this. Killing Disney would kill hundreds of thousands of jobs, including park employees, animators, writers, etc.
I'm all for fair wages. You absolutely cannot live on minimum wage, but this hypothetical seems kinda flawed
Also, we always have to be careful what we wish for on things like this. Killing Disney would kill hundreds of thousands of jobs, including park employees, animators, writers, etc.
I'm all for fair wages. You absolutely cannot live on minimum wage, but this hypothetical seems kinda flawed
There have been many economists who say that there will be inflation but not enough to make the increase pointless. You can do it incrementally as well to slow down the effects I believe.
The hypothetical question is flawed because min wage is too low, whether Disney exists or not. Disney is not a factor when it comes to whether the US gets higher min wages.
Exactly, if you make 24 an hour serving ice cream cones at Dairy Queen, how much are nurses, teachers etc. going to make. And how much will food cost at the grocer? Worst of all would be people on disability as they wouldn't get some huge rsise but would be hit with the cost of living jumping through the roof, it's already a problem for them now.
Eh, I think most studies are done with a lot lower jumps than from 7.50 to 24 dollars. Jumping straight up to 24 dollars likely would be disastrous. In all honesty 15 dollars an hour might be tough for many areas around the country but still closer to reality than 24 bucks. Most countries that do do a minimum wage generally raise it all the time to keep up with inflation, we're pretty unique with our relative massive wage hikes every decade or two compared to other countries.
Felt like being a jerk for no reason. Just playing around. The questions too random to take seriously anyways IMO.
Yup. That's why incremental increases over a set number of years would probably be better than a straight jump to 24. I'm addressing more on the concerns that beneficial effects coming from min wage increases would be wiped out by inflation, which is not necessarily the case.
It's the same with the law makers in my country. Everything someone asked the Ministry of Manpower and its respective ministers about setting a min wage (we don't have one) they claim that it will definitely lead to inflation and that we already have enough measures to help the poor, which is not really the case.
I would not lay off 200,000 people for nearly half of their working life to raise the minimum wage temporarily.
Actually, the impact would probably be even higher. It would affect people in merchandising industries globally and destroy those livelihoods too.
Actually, the impact would probably be even higher. It would affect people in merchandising industries globally and destroy those livelihoods too.
i wonder if any of these shareholder-driven businesses are sustainable at all.
between their obligation to grow and grow while people spend more and get poorer... I don't know.
all the arguments that massive inflation would happen and jobs would be lost for regulating or outright removing them probably have merit, but that's why they should never have gotten so big in the first place.
between their obligation to grow and grow while people spend more and get poorer... I don't know.
all the arguments that massive inflation would happen and jobs would be lost for regulating or outright removing them probably have merit, but that's why they should never have gotten so big in the first place.
Yeah, no. I'm getting paid 20 an hour right now in a temp to perm position for a company that's under a hiring freeze because they're struggling. My boss has straight told me I'm getting moved to permanent if the hiring freeze ends next year, but the company having issues is the only reason possible reason why I wouldn't get moved to permanent at this point. If one morning the company all of a sudden had to pay me and everyone making less than that more, my ass would be grass very fucking fast.
I don't know what the hell OP is thinking.
"Heh if I present this scenario to Disney fans, they'll lose their minds and I'll pull a gotcha on them."
"Wait, they aren't actually sheep?!"
"Heh if I present this scenario to Disney fans, they'll lose their minds and I'll pull a gotcha on them."
"Wait, they aren't actually sheep?!"
The framework in the OP is uninteresting.
What's more interesting is whether implementing a universal $24/hr for everyone (even if it is heavily subsidized by the government printing more money) would cause inflation --> thereby defeating the purpose of the raise.
Effectively, Australia pays close to that level of minimum wage. But everything is also more expensive.
What's more interesting is whether implementing a universal $24/hr for everyone (even if it is heavily subsidized by the government printing more money) would cause inflation --> thereby defeating the purpose of the raise.
Effectively, Australia pays close to that level of minimum wage. But everything is also more expensive.
Would you KILL the DC Extended Universe to end paper cuts?
Tell me, do you bleed? You will. If you don't kill the DC Extended Universe.
The sheer number of people employed by Disney would go unemployed? That seems like an oversimplification of a complex problem. Are you guys soft headed or something? Killing corporations for minimum wage is like blowing up credit card company buildings. It just isn't that simple.
I guarantee you that the aftermath would be economically catastrophic. But yeah, let's eat the rich, or whatever.
I guarantee you that the aftermath would be economically catastrophic. But yeah, let's eat the rich, or whatever.
Of course it would. Well in a hypothetical where everything worked out. The current minimum wage is 7.50, raising it to 24 dollars is a huge increase. There's not a chance in hell that prices wouldn't raise dramatically to keep up.
But in reality who knows because since it is such a large gap there are tons of businesses that in no way could actually cover such an increase and would fold immediately. With any wage increase there's always some companies that will go under, for sure, but since minimum wage increases are usually less dramatic the amount of businesses that close up shop are generally statistically irrelevant, but with 24 bucks an hour, the majority, seriously I'm not kidding, of businesses in my city would likely go under, I have no fucking idea what would happen. It'd be insane. Raising the minimum wage to 24 dollars an hour in one fell swoop is wishing on a monkey's paw.
Would US-ERA vote for Trump if he promises to kill Disney, Facebook, Amazon, twitter AND raise minimum wage to 24?
(the other shit he does keeps happening though)
(the other shit he does keeps happening though)
I voted no cause of how weirdly dumb this question was. Of course I'd end disney and any other entertainment organization for that but it dont make the question and this border line pathetic obsession some of you have with disney being the root of all evil any less dumb.
I don't understand the premise.
For smaller businesses with narrower margins does the $24 translate into increased relative productivity? If not who is subsidizing the difference? Do failing businesses also have to pay $24? How is this going to effect inflation? Will the dollar retain its value?
Can I start my own business and guarantee this wage regardless regardless of how productive I actually am?
Will skilled labor that previously dwelled in the $10-23 range see a pay increase to compensate for the new minimum wage? What's the incentive to stick around of not?
For smaller businesses with narrower margins does the $24 translate into increased relative productivity? If not who is subsidizing the difference? Do failing businesses also have to pay $24? How is this going to effect inflation? Will the dollar retain its value?
Can I start my own business and guarantee this wage regardless regardless of how productive I actually am?
Will skilled labor that previously dwelled in the $10-23 range see a pay increase to compensate for the new minimum wage? What's the incentive to stick around of not?
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you can safely kill Disney. Killing Walmart or amazon outright would probably wreak havoc on supply chains and they'd be better off nationalized
Shoot with the huge befits this would give to our public domain system I'd even consider it for a smaller pay raise than that!
Likely recession? Seriously, most employers aren't Apple, Google, Exxon, Disney or whatever and can't afford a 24 dollar minimum wage thus the whole exercise would be counterproductive.