U2Edge
Gold Member
- Sep 15, 2012
- 5,273
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Yeah they ain't gonna pay those illegals fifteen an hour when they can pay them less than eight now them capitalist must live in big mansions and fly jet planes.
Keeping wages low and cost of living high is how the robber barons make their living.
The CEOs are not the cause of this.
If you collected all $8 Million dollars they paid the CEO of McDonalds, and gave it to all the employees, it would be less than $37 per person, per year. Now unless you think that one cent an hour, is going to make a difference in people's lives, then the problem isn't CEO pay.
And additionally, most of that $8 million isn't cash. It's stock, and it's stock the CEO can't sell for years. If you pay your hourly employees in stock they can't sell, they'll be worse off, not better off.
The bottom line is, if you jack up the price of labor, in areas where people are too poor to pay more money for services, then they stop buying the service. If they stop buying the service, then people lose their jobs.
The minimum wage is always zero.
When you raise the minimum wage, you increase low wage workers ability to buy more products and services. That actually provides a better boost for economic growth than tax cuts for people making over $100,000 dollars a year who never change the consumer habits when they get a tax cut.
Well, except the fact that those products and services now cost more because dumbasses like you raised the minimum wage! It is like a dog chasing its tail!
Not necessarily. Business price their products and services based on DEMAND, not on the cost of doing business. Business's did just fine paying $12 dollars an hour minimum wage in 1968. They will be just fine paying that minimum wage in 2019.