rightwinger
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- Aug 4, 2009
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Again - a shining example of how liberals fail to understand basic business and/or basic economics.So I guess the question becomes - why don't you start your own restaurant and pay your people $15 per hour (or more)? It's very easy to sit on the sidelines (with a complete misunderstanding of business and economics) and tell other people what to do. Why don't you do it? Why don't you lead by example? I notice that you conveniently skipped over the post from McDonald's former CEO who has mentioned that this is unsustainable.You assume there is no correlation between labor costs and the cost of good are services. There are.You assume there is a one to one correlation between labor costs and the cost of the product
There isn't
So again - are you will to accept the increase costs of everything? If no, then this is doomed to fail. If yes, then the minimum wage worker will be no further ahead than before the increase because there will be an increase to goods and services. The only thing that increasing minimum wage does is increase inflation. It does nothing for the minimum wage worker (if it did - this wouldn't be the 9th time that minimum wage was increased in my short life time).
Now you are getting more realistic
Factors like rent, cost of supplies, taxes, advertising, insurance also contribute to the cost of your cheeseburger.
Raising labor costs will affect your cheeseburger just like everything else in business. Labor costs also reflect more than the cost of a minimum wage worker
I do not expect the person frying my burger to work for slave wages just so I can save a few pennies
When McDonald's raises their prices (and they will have to), then the truck driver who delivers their supplies to them will raise his prices (same with Walmart and the people who deliver to them). The cost of everything will increase and the minimum wage worker will be no further ahead. Meanwhile, the middle class manager or middle class accountant whose salary didn't double will pay the ultimate prices.
Nothing drags the middle class down into poverty like liberal policy.
What did restaurants do when beef nearly doubled in price?
What do they do when insurance and property taxes increase?
Do McDonalds executives work for the same pay and benefits they did eight years ago? They expect their workers to
The minimum wage is simply the starting point. It is not a capped ceiling on wages for a certain class. I can promise you, unequivocally, that someone who started at McDonald's 8 years ago for minimum wage has received annual raises and is making considerably more than minimum wage right now (though not the absurd $15 per hour you are looking for).
Sure after eight years they are a manager making $8.25 instead of $7.25