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Paying employees more due to higher minimum wage does not put any business at a competitive disadvantage because all competition has to pay more.
Too stupid and liberal for words!!!
most minimum wage work is in small businesses which are marginally profitably. Millions go bankrupt each year. Higher wage costs will bankrupt many and cost jobs!!
THe higher prices that result from the higher wages will reduce business thus causing bankruptcy and lost jobs.
Higher wages are just a higher price for labor which means business can afford fewer workers.
A liberal will have no where near the IQ to discuss this issue
Prices have already risen dumb-ass but the owner did not raise the worker pay, they just pocketed the extra money.
Paying employees more due to higher minimum wage does not put any business at a competitive disadvantage because all competition has to pay more.
The Federal Reserve studies show income mobility is the USA is one of the worlds lowest.
Inflation, price hikes, employee invention, productivity gain, etc is all being pocketed by the boss.
Pointless statistic. WalMart is the largest non-government employer in the world, so them having the most of anything isn't an eye-popping fact.TSam Walton's 4 kids combined are worth $107.1 Billion making them the richest in the world. They have the most employees near minimum wage & on government assistance of anyone.
Pointless statistic. WalMart is the largest non-government employer in the world, so them having the most of anything isn't an eye-popping fact.TSam Walton's 4 kids combined are worth $107.1 Billion making them the richest in the world. They have the most employees near minimum wage & on government assistance of anyone.
They might have the most employees born on days that end with 7 too, or the most employees who wear glasses.
None of you are smart enough to comprehend macro economics.
Walmart a monopoly?
Tell that to Costco, Target, K-Mart, Safeway, Whole Foods, Lucky's, Long's Drugs, CVS...and Amazon.
And just out of curiosity, KM, do you shop for the lowest price or do you pay more to shop at politically correct stores?
The cost of bread will be kept down by not having anyone bag groceries. We used to have kids put gas in your car and clean your windshield. Those jobs went away a long time ago when the minimum wage was raised. You bring your own bags and bag your own stuff. Maybe some derelict will be hanging around outside the store offering to come in and bag your food for $2.00, the way they swarm cars at intersections cleaning windshields.
You won't have anyone mopping the floors or sweeping those stores either. Clean up on aisle 3 will mean that a register will be shut down while the checker goes and cleans up.
Fucking ridiculous. We have self serve checkouts and more than enough employees to clean up a spill, and a loaf of bread is still cheap, and the workers at the supermarket still earn at least $15 an hour.
So what the hell is the problem with America that its incapable of doing the most basic things?
Having to pay FTE employees a minimum of $45,000 per year would somehow have no effect on prices or employment? That's an argument you're really going to stand by? You and many others don't seem to understand a thing about a business's finances. If the minimum wage were raised to $21 tomorrow, I can tell you without any doubt that a quarter of my company's employees would be without work the next day. There is simply no way for at least that many of our employees to create that value of work in what they do. It is an incontrovertible mathematical certainty.
Fucking ridiculous. We have self serve checkouts and more than enough employees to clean up a spill, and a loaf of bread is still cheap, and the workers at the supermarket still earn at least $15 an hour.
So what the hell is the problem with America that its incapable of doing the most basic things?
Having to pay FTE employees a minimum of $45,000 per year would somehow have no effect on prices or employment? That's an argument you're really going to stand by? You and many others don't seem to understand a thing about a business's finances. If the minimum wage were raised to $21 tomorrow, I can tell you without any doubt that a quarter of my company's employees would be without work the next day. There is simply no way for at least that many of our employees to create that value of work in what they do. It is an incontrovertible mathematical certainty.
It would have no effect on a multi billion dollar business like Walmart, would it?
It is my understanding, perhaps the 2009 law changed that, that ONLY businesses doing business INTERSTATE are subject to the FEDERAL minimum wage law.
Does anyone know is that is still true?
Because if it is, then all this complaining about how a change in the FEDERAL minimum wages laws is going to drive MOM & POP small businesses OOB, is nonsense.
it's a 'theory' that's NEVER been proven....by the right wing who say it...
increased minimum wage does NOT raise prices overall and it does not reduce employment overall.... there may be small pockets where this occurs but overall, in the end, when the 'fat lady sings' employment is not reduced nor are prices of products higher overall.
It has been proven to INCREASE the economy, as was posted in a previous link of Kiss my...
also, increased productivity means increased profits for the employer and means employees are working harder and producing more for the employer...the employer has been taking these increased profits from the increased production of their employees and has been pocketing it ALL for themselves INSTEAD of sharing it with the employee, the person who has actually done the extra work per hour for them.
If you have 100 people working for you and they all make 10 bucks an hour then your payroll minus taxes is 40,000 a week.
What happens if minimum wage rises to the 21 dollars an hour suggested?
Your payroll more than doubled. Not only that everyone of your suppliers had a similar increase in payroll and will now charge you more for everything.
So tell me how will you stay in business if you don't raise prices?
Prices have already risen dumb-ass but the owner did not raise the worker pay, they just pocketed the extra money.
Paying employees more due to higher minimum wage does not put any business at a competitive disadvantage because all competition has to pay low wage employees more.
If your payroll went from 40K a week to 80K a week how would you stay in business if you didn't raise the price of the goods and or services you provide?
They a a large successful company (not monopoly) because they created a good business model of cheap goods at low prices with a large, efficient distribution system.Why are they such a big monopoly?
It must suck to be trying to lecture about economics when you don't know what a monopoly is.None of you are smart enough to comprehend macro economics. It must suck to be brainwashed by the TV.
If you have 100 people working for you and they all make 10 bucks an hour then your payroll minus taxes is 40,000 a week.
What happens if minimum wage rises to the 21 dollars an hour suggested?
Your payroll more than doubled. Not only that everyone of your suppliers had a similar increase in payroll and will now charge you more for everything.
So tell me how will you stay in business if you don't raise prices?
Prices have already risen dumb-ass but the owner did not raise the worker pay, they just pocketed the extra money.
Why have prices risen? Inflation, tax and regulatory burdens etc. You don't seem to realize that just because the price of a product rises that the producer of that product does not necessarily make a higher profit.
Moron.
Paying employees more due to higher minimum wage does not put any business at a competitive disadvantage because all competition has to pay low wage employees more.
So why don't you answer my question?
If your payroll went from 40K a week to 80K a week how would you stay in business if you didn't raise the price of the goods and or services you provide?
If your payroll went from 40K a week to 80K a week how would you stay in business if you didn't raise the price of the goods and or services you provide?
It depends on your business' profit margins.
If your payroll went from 40K a week to 80K a week how would you stay in business if you didn't raise the price of the goods and or services you provide?
It depends on your business' profit margins.
They a a large successful company (not monopoly) because they created a good business model of cheap goods at low prices with a large, efficient distribution system.Why are they such a big monopoly?
Because God forbid those workers might use that cash to buy their food from a small business or farmers road side stand that does not accept food stamps instead of a big food stamp store like Walmart. 
Minimum wage should be at least $50-$60 an hr.
Fuck those people who started that business....
They think they are so smart.....
There's a lot of smart people out there.
They think they worked hard to get that business going.
There's a lot of people who work hard....
Screw the business owner it's time for us to get paid!!
Its the employees who make the business what it is. Without employees, the employer wouldn't have a damned business. Yet the employer thinks that they can reap the benefits of their business by paying their workers shitty wages. Expecting people to work their butts off for such little pay so you can say how great your business is is fucking pathetic.
You want people to work for you, and help you turn your business into a success, you should damn well pay them for the work they have done, because without them, you'd be nowhere.
They a a large successful company (not monopoly) because they created a good business model of cheap goods at low prices with a large, efficient distribution system.Why are they such a big monopoly?
In many areas they are a monopoly. If Walmart were so awesome & efficient, they would not need tax subsidies that smaller business do not get & their employees would be paying taxes, not be sucking the government tit eating my taxes.
Aldi workers are not on the government tit & their prices are way lower than your politically correct Walmart's are.
How dare Walmart be forced to actually pay the cost of their workers who are on food stamps.
