the status quo is that the government pays for the food of walmart employees
What minimum wage forgets to take into account is those that have no job.
raising the minimum wage increases the amount of money flowing in the economy. everyone will have more money to spend. businesses will expand because people will have money to spend. there will be fewer jobless.
In order to pay the McDonald's worker $15.00 an hour, they will have to basically double all of their prices.
hilarious
" In general, McDonald’s franchisees pay about 20 percent in labor costs, according to Richard Adams, a consultant out of San Diego who works with McDonald’s operators."
"Thus, doubling those salaries would push that Big Mac cost up 80 cents."
As wages rise, businesses' labor costs will rise, which tends to increase the prices they have to charge to recover the cost of providing goods or services.
and guess what? their customers will have more money so they will be able to afford the price increases. funny how that works
Taxes and protection money are just profits to other parties.
they aren't profits to the government, the government doesn't run on profits
"profit" is a made up word that doesn't really mean anything anyway. the definition of "profit" depends on what country you are in as a way of calculating taxes
so you possess the ability to collect money, does this make you a superior form of human being? There are people who heal the sick for very low wages, are they lower forms of life?
people need a minimum amount of money to live. if they are paid less, then they need public assistance. for example walmart employees who qualify for food stamps.
lower wages mean that employees will need more and more public assistance to feed and house their families.
you are a socialist if you don't believe in minimum wage, because you want the government to fund worker's pay.
what about those who are making 15 an hour now??? or those making 15.50??? will they get a raise??? or has their job that they worked hard for to get the pay they are getting now be considered a minimum wage job?
you do realize that the only actual harm done here is to their poor little egos? Their wages have not been reduced at all. Do you want to get reimbursed every time someone makes you feel bad?
you can argue all day about whether chocolate ice cream is better than vanilla and there is really no possible way that anything interesting will result from the conversation
Slashdot Mirror
because endless resource extraction is not a solution
A basic income can maintain a minimum standard of living
then why do walmart employees receive federal food stamp assistance?
the status quo is that the government pays for the food of walmart employees
What minimum wage forgets to take into account is those that have no job.
raising the minimum wage increases the amount of money flowing in the economy. everyone will have more money to spend. businesses will expand because people will have money to spend. there will be fewer jobless.
In order to pay the McDonald's worker $15.00 an hour, they will have to basically double all of their prices.
hilarious
" In general, McDonald’s franchisees pay about 20 percent in labor costs, according to Richard Adams, a consultant out of San Diego who works with McDonald’s operators."
"Thus, doubling those salaries would push that Big Mac cost up 80 cents."
What do you think money that is "kept in the bank" does? Do you think it sits in some vault somewhere? Of course not. It gets invested in businesses.
It gets invested in foreign business in foreign countries thanks to tax laws that make it more profitable to do so.
As wages rise, businesses' labor costs will rise, which tends to increase the prices they have to charge to recover the cost of providing goods or services.
and guess what? their customers will have more money so they will be able to afford the price increases. funny how that works
meanwhile the government keeps paying for the meals of walmart employees
thanks for stating the blatantly obvious
so you are telling me businesses in seatle are opening in record numbers now right?? no one is leaving right???
where is this straw man you are arguing with? it sure isn't me. i never said any of those things
The big problem with minimum wage is that it is usually set, then left alone for many years on end.
this is not a problem with minimum wage, it is a problem for simple minded legislators who can't figure out how to index it to inflation.
Taxes and protection money are just profits to other parties.
they aren't profits to the government, the government doesn't run on profits
"profit" is a made up word that doesn't really mean anything anyway. the definition of "profit" depends on what country you are in as a way of calculating taxes
you are the one who thinks it's okay for walmart employees to get money from the government
so you possess the ability to collect money, does this make you a superior form of human being? There are people who heal the sick for very low wages, are they lower forms of life?
what about taxes? what about protection money? what about cost of materials? gold is a material used in manufacturing, are its costs labor, or profit?
yeah, it's better to have the federal government give food stamps to full time walmart employees
by raising the wages of those under them artificially it does in fact harm them as costs will go up
hilarious
nobody goes there, it's too crowded
because the only two entities in the whole world are large corporations and lazy morons, there is nothing else
yes why bother paying people when we can be communists and socialists and give them food stamps even though they are working 40 hours a week?
No jobs naturally exist, which cost more in wages than the wealth they generate for the employer.
does that mean we can fire the police and firemen? how about the dogcatcher? the trash men? none of them generate any revenue at all.
people need a minimum amount of money to live. if they are paid less, then they need public assistance. for example walmart employees who qualify for food stamps.
lower wages mean that employees will need more and more public assistance to feed and house their families.
you are a socialist if you don't believe in minimum wage, because you want the government to fund worker's pay.
Just wait until businesses start laying off people to cover the cost of the new $15/hr.
got any data to go with your whine?
what about those who are making 15 an hour now??? or those making 15.50??? will they get a raise??? or has their job that they worked hard for to get the pay they are getting now be considered a minimum wage job?
you do realize that the only actual harm done here is to their poor little egos? Their wages have not been reduced at all. Do you want to get reimbursed every time someone makes you feel bad?
you can argue all day about whether chocolate ice cream is better than vanilla and there is really no possible way that anything interesting will result from the conversation
how can you write an article about visual studio WITHOUT doing that? Truth hurts!