SmarterThanTheAverageBear
Gold Member
- Aug 22, 2014
- 29,410
- 4,280
Gentleman we don't let people take jobs for whatever companies will offer them because we don't want people starving to death. Simple as that.
The minimum wage law was put in place exactly because people were taking whatever jobs they could get and companies were taking advantage of this and paying jack shit.
How does pricing low skilled people out of the job market prevent starvation?
LOL it does no such thing.
Listen, any competent business manager is going to A) have their staff EXACTLY where they need in comparison to sales , and as an example McDonalds does just this, they place labor at 20% of sales , the wage per employee doesn't matter, 20% of sales matters. so they are already running with a few people as they can get by with, if they had any less it would affect their ability to service their customers and B) pricing their products at the HIGHEST price customers are willing to pay. They didn't just make up $3.65 for a quarter pounder with cheese. That is the highest price their customers are willing to pay. If they raise the price, people won't buy as many. Again , the customer doesn't care what labor is costing , all they care about is "that quarter pounder with cheese is worth $3.65 to me"
We seen a very good example of this with Wal Mart right after the ACA became law, they cut a bunch of people down to part time trying to avoid having to pay them benefits and the almost immediate reaction from the customer was "fuck this , I'm going to Costco where I can get some service" and Wal Mart resonded by ta dah, returning to full time help.
Sometimes a company has to eat the extra labor cost to win in the long haul.
LOL it does no such thing.
I'm not going to pay $9.00 an hour to an employee that only adds $6.00 an hour of value.
So he earns $0, instead of $6. How does that prevent starvation?
So wait. You're actually suggesting that when Congress sets the minimum wage what they are actually doing is determining what a job's "value" is across industries, and across states and that all entry level jobs are "worth" the same amount?
![rofl :rofl: :rofl:](/styles/smilies/rofl.gif)