Quote:
Originally Posted by GrantMercury
You're too dumb to get the point, apparently. The powers that be thank god for your lack of reasoning.
The point is, if the minimum wage had risen at the same rate as worker productivity it would be a hell of a lot higher than it is now. Productivity is way up. Corporate profits are way up. Corporate America has billions and they're largely sitting on it. The workers are not benefiting from this rise in productivity and profits. Who is?
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yep and at Walmart I was reading it takes 6 yrs to go from min wage to $10 an hour. 9 out of 10 min wage workers are over 20 yrs. I never see some high school kid working at McDonald or Walmart. I see people in their 20's and older. Paying those people min wage costs you money as a tax payer its below the poverty line so they get gov benefits. So its costs you money. And its not like well they work so they get less, they dont. Cost of goods for raising min wage is 4 cents for McDonald and I was around when it went from $5 to $7 . No mass firings and prices didn't go up thru their roof.
But lets look at this as only about ourselves, if you sell products be it porn, penis pills, personals or lattes at starbucks. If consumers dont have money they cant consume and you are fucked. When some guy is getting out of college with a 4 yr degree to make $10 an hour and 60k in debt. He isnt consuming anything and as a business owner you should find that a very serious matter.
A rising tide raises all boats...
PS: also before commenting on the link actually take the time to look at it.