|
Raising minimum raise will fix nothing. If you make $6/hr at mcdonalds and the law changes to $9.50 it now costs mcdonalds more money to make that delicious hamburger. Who do you think is going to absorb that cost? McDonalds? LO fucking L. McDonalds will simply raise the price of the hamburger so its a wash in the end. Your $1 burger will now cost $1.50.
What I'm saying is that if minimum wage is raised, the cost of goods and services will absorbed by consumers not businesses.
A great deal of big business run very low profit margins (10%-15%) To test this check the stock information. You can find the operating profit for any publicly traded company.
General Electric - net operating profit 13%
Toyota Motor Co - ~6%
Best Buy - A Whopping 3%
Fact is they cant afford a wage hike like this. They have to make it up somewhere and thats the price of the goods.
As for the "what constitutes full time" debate, 40+ hours a week if full time. Regardless of hours worked, no employer MUST provided benefits such as health care once you reach 20, 40, 60, 8000 hours a week so who cares if your full time or part time if there is no law to force benefits. There is no guarantee.
|