[quote]dmaddox wrote:
[quote]pittbulll wrote:
[quote]UtahLama wrote:
[quote]pittbulll wrote:
[quote]666Rich wrote:
Agreed.
The political posturing behind such a minimum wage law is asanine. First, minimum wage jobs are low skilled. This means the staff is replaceable and you can generally invest in operational efficiency improvements if the cost of labor is increased.
The firms will either A) cut costs, which means higher unemployment or B) increase prices or C) both.
Now if we take a fast food example, they employ many of these low wage workers, who in turn are more likely to frequent these establishments through purchasing power parity, lack of nutritional knowledge or accessible grocery stores. So now, these same people will face greater prospects of unemployment, and higher prices at wendy’s. [/quote]
I agree it is posturing , I however think it would be the prudent thing to do . Maybe if Wendy’s had to charge more people would quit eating there and eat some real food. That would open a whole new economy [/quote]
So you would have Wendt’s go out of business? How many jobs would that kill?[/quote]
You act as if Wendy’s went out of business people would starve to death. IMO Ma and PA Burger joints would be able to compete. I doubt any big people would go out of business . I agree some industries would be hit harder than others . But what you would see is small business and self employed flourish .
Nice to see you post intelligently ![]()
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You act as if the Steel companies go out of business people would starve to death. Wendy’s is a large company that employs a lot of entry level people. Just like the Steel industry did. The difference is Wendy’s does not have any union employees getting paid 4 times what they should be paid. Maybe at $9.00 an hour they would be paid 4 times what they should be paid.[/quote]
This is exactly what I meant Pitt, companies employ MANY first timers into the job market…that’s WHY they make $9 an hour. You have to start someplace and what you are advocating would make those companies go out of business.
Can’t you see that?
