danielpalos
Diamond Member
- Banned
- #1,581
Higher paid labor also pays more in taxes and create more in demand. Public policy should engender a positive multiplier effect to provide and promote the general welfare.I understand now. In other words companies like Walmart shouldn't be allowed to pay such a low wage that their employees are getting foodstamps from the government. I agree.Do you also believe revenue and Spending don't have to correlate?Well that's kind of impossible. Consider the small mom and pop who needs a little help but can't afford to pay a person a wage that can support a family. They need high school kids, drop outs, guys with GED's, stay at home moms who want to work part time.From one left wing perspective, if Capitalists can Only make it on Cheap Labor, why should they be subsidized to succeed in our First World, economy.Opportunity is a better offer than dependency.
Let's end, "cheap labor dependency" in our First World Economy.
Same for Walmart. Are you suggesting every employee at Walmart should be making enough that they could raise a family on that income? I wouldn't mind that. I wouldn't mind it if the Walton's only made $65 million dollars profit last year instead of the $130 million they made and instead gave all their employees that other $65 million. That would mean every Walmart employee makes about $30K more than they do now. That would be perfect! And the Walton's would still make $65 million dollars profit.
Trump keeps talking about kicking illegals out so wages will go up. Well, we are pretty close to zero unemployment and wages aren't going up like they should be. Companies like Walmart should be forced to pay $25 hr or they won't be able to find anyone to work for them. But that's not happening. Instead companies like Walmart are still able to pay $15 hr. That ain't making America great again. My dad graduated high school and went to work for Ford for $15 hr back in the 1970's.
Structural unemployment happens. What you want is the help those who already have money, at the expense of those who don't. We can't afford to subsidize low wage jobs; they have to clear the cost of social services. It is an economic reason for a fifteen dollar an hour minimum wage. The right wing merely appeals to ignorance of macroeconomics with their microeconomic special pleading.
And the government is the ultimate referee. Maybe they make a different minimum wage for a company like Walmart than they do for a small business. Or, no tax breaks for any company paying so low that their employees qualify for welfare.