cameronsdemise
3 Answers
Bob/PKB
Best answer!
What people don't seem to understand is that when the cost of doing business increases, the cost gets passed along to the consumer, plus a little extra. Who, exactly, IS the consumer? YOU, and those folks who just got the "living wage". NOW, what have we accomplished?
Higher prices for everybody, and nobody is gaining anything.
What would make MORE sense is for companies to roll back their prices and see a little less profit on the bottom line. Actually, they'd probably see MORE profit on the bottom line, because a more reasonable price is going to result in more sales. If something costs $8 out the door, sell it for $10-12 instead of $16. Maybe the CEOs and Boards of Directors can settle for $10,000,000 instead of $50,000,000.
| 10 years ago. Rating: 7 | |
sunnyB
The minimum wage is what politicians say people can live on , it's a bit different from a living wage. Politicians don't really know what either is, becaues they have never had to live on either.
| 10 years ago. Rating: 7 | |
Sadly though, the other side of the coin is that, the day the checks are received, they flock to the casinos in this area. :(
Ducky, I seldom go to the casinos around here (or anywhere) for lack of adequate funding (:D). Last time I went, the woman pouring coin into the machine next to me kept mumbling, "Just enough to make my car payment".
digger
It ought to be whatever the market bears. The problem with a legislated minimum wage is that it become the defacto "market price" wage for generally all unskilled labour. Minimum wage earners are trapped when all other jobs that they qualify for pay the very same wage. Employers like it because it minimizes their need to compete for unskilled employees.
...and I ain't no Tea Party follower, believe me !
| 10 years ago. Rating: 6 | |
