I fail to see Trump slapping anyone into obscurity with his false promises and his gross ignorance on so many fronts. Saying he's ending birth right citizenship while being clueless on what the 14th explicitly says, puts him at the top of the heap for the best bs candidate for the GOP;http://www.msnbc.com/the-last-word/watch/lessons-for-trump-from-a-14-yr-old-girl-509101635878

Seemingly the 46th P.O.T.U.S. will be Mr.Trump.
His skyrocketing success is amazing.
No one has any chance against him.

Donald Trump is filling up stadiums while Jeb Bush can barely fill the banquet room at the Best Western

https://www.youtube.com/watch?v=AI4i48kNo6A&feature=youtu.be

Nice straw man you've got there.

That's my objection to min wage laws too. Pay x dollars or we will initiate force against you. Complete violation of the non-aggression principle.

your question was silly

why would a salesperson ask me to pay him/her half unless of course they wanted equity or a larger variable comp plan?

With respect to 2 people "off the street", that's a nice hypothetical but does not apply to my market sector. I look for people who bring experience and market knowledge.

If the minimum wage rises marginally above inflation then of course it won't result in unemployment as rising prices, offset rising wages and therefore it's hard to argue against it. The problem come when you have a hike in the minimum wage, like the proposal to raise the minimum wage to 15 dollars an hour. However there can still be some problems say the economy is in recession, and there's a fall in demand. You have to options, reduce wages or cut jobs. In the UK wages were quite flexible during the great recession and so offset a fall in jobs. In the US unemployment rose to a higher level than in the UK. Reducing wages is probably better than cutting jobs, but if your workers are on a minimum wage then there's no flexibility.

I have no $50k salespeople, it's more than double that.

Notice that I did not say "all studies"? Thanks for those 6 examples. Here's a lot more of them over the past 50 years:

http://www.jec.senate.gov/public/_cache/files/c876c468-ffca-47ed-9468-7193d734bde9/50-years-of-research-on-the-minimum-wage---february-15-1995.pdf

The employment effect of the minimum wage is one of the most studied topics in all of economics. This report examines the most recent wave of this research –roughly since 2000–to determine the best current estimates of the impact of increases in the minimum wage on the employment prospects of low-wage workers. The weight of that evidence points to little or no employment response to modest increases in the minimum wage.
http://www.cepr.net/documents/publications/min-wage-2013-02.pdf

Why do most studies on the topic disagree with you? Does that ever raise any red flags in your mind? It should.

Why do most studies on the topic disagree with you? Does that ever raise any red flags in your mind? It should.

Why do most studies on the topic disagree with you? Does that ever raise any red flags in your mind? It should.

Why do most studies on the topic disagree with you? Does that ever raise any red flags in your mind? It should.

Why do most studies on the topic disagree with you? Does that ever raise any red flags in your mind? It should.

Why do most studies on the topic disagree with you? Does that ever raise any red flags in your mind? It should.

Why do most studies on the topic disagree with you? Does that ever raise any red flags in your mind? It should.

That's also what I meant. Any person is worth whatever someone else is willing to pay them.

Employees and their time is worth what the market determines.

for me it's all of the above. A developer who allows me to introduce products in less time than other developers is valuable to me.

A salesperson who brings in good numbers is compensated well for their success. Those successful salsepeople then allow me to hire good developers so we can create better products thus making it easier to sell and the cycle continues.

But, that all began with a dream (mine) and risking EVERYTHING and getting the product and market right. If I was wrong, then there would be no salespeople as I was the initial salesperson. There would be no development "team" as I could not initially afford them.

I hold all accountable and don't measure by hours worked. If I make a mistake and hire a person with a poor work ethic, I quickly release them. I owe it to myself, to my shareholders and employees (who also have options) and to my customers.

I can't have price increases to compensate for lazy employees (this isn't the govt). I can't have lost revenue due to lazy employees which then affects the performers.

I'm not in a sector where I have min wage employees but a fair argument is that if min wage increases by 40%, should I increase wages by 40% of all of my employees? How do I tell them that they are now only worth 3x min wage as opposed to 4x or more? If I compensate for the min wage increase and give a proportionate increase across the board, how do I determine which employee(s) I lay off in order to free up the cash flow to hand out the pay raises?

You see, a magic pot of money does not come my way the first day/week/month/quarter/year after a wage increase. I have a finite cash flow and must manage it.

I am positive 100% that retail stores and other min wage type employers have the same concern that a pot of money does not arrive the day/week/month/quarter that min wage increases and that they would need to compensate for the cash flow impact.

Businesses pay their employees what their time to the business is worth. Pay too little, the quality of the individual employee goes down, pay higher wages and the quality of the applicants goes up, along with the productivity of the company (providing that it's managed correctly)

I would love to have the guys who work under me and who I couldn't do without to get paid the maximum amount that we can afford, guess what? They already do. Anymore and our bottom line (profits for the LIV's out there) will begin to suffer.
If our profits fall then so does the chance of our company expanding and hiring more people.

If we paid too little, our competition wouldn't have a hard time attracting our employees to work for them.

The greatest myth about the minimum wage among the majority of it's supporters is that every business owner sleeps on a king size mattress stuffed with $100 bills because he/she won't pay their employees a "fair living wage"

Minimum wage is a political ploy that decreases prosperity and drives inflation, that in turn creates more dependant on the government voters (guess who they vote for?)

It's OK though, Hillary Clinton is out there campaigning for "the little guy" and will soon make it all alright by taxing the "rich" (unless they bought her for protection)

the concept that all jobs should provide a "living wage" again becomes subjective. Who gets to define what is a "living wage"

One can try and say the poverty level but someone needs to put meat on the bone. Does a living wage mean a car less than 5 years old for each driver?
Does it mean a separate bedroom for each family member?

Must all TVs be at least 42 inches?

should they have air conditioning?

If they have children, should their salary be increased for every child they choose to have?

In other words, the person selling you tickets at the theater who has 3 children should be paid a lot more than the 16 year old teenager. Would that not be "fair" and provide the "living wage" ?