Australia seems to be doing fine with a $15 an hour minimum wage.
CC don't you start people at $25,000 a year as is? $15.00 an hour isn't much higher than that so business owners like you who pay their employees a decent wage won't have to change their business model much at all. The only businesses that would get hurt by it are places like Wal-Mart that deserve to get hurt for treating workers like .
What Walmart doesn't pay its employees in wages and benefits get topped with taxpayers $Bs as 80% of walmart employees used Medicaid, plus other kinds of assistance like SNAP, etc.
iow, taxpayers are paying the Walmart employees living wages so Walmart doesn't have to, allowing Walmart to pocket those unpaid $Bs of wages as profit. aka, taxpayer wealth transfer to Walmart and similar ty employers
Agreed. The billions we give to Walmart employees every year is just as much corporate welfare as it is the welfare Republicans about. The taxpayer subsidizes walmart's wages.
No, that's not what I meant at all. I'm sure they overlap
Point being, the Gini index would be low for a country where everyone is poor
Walmart is the devil. They've got 2.2 million employees. For just $9B a year they could give the lowest earning two-thirds of their workforce a $3/hr raise and still be clearing over $100B a year in profits. Even if they didn't want to sacrifice anything in profits, they could cover that by raising their prices by about 2.5%.
Well their most recent net income was $17B, so that $9B would put quite a dent in their profits. Raising prices would also hurt their business since people shop there for low prices. Like I said, their entire business model depends on being able to pay wages.
"a study said" the major component in the huge increase US in inequality since the mid-70s, was cutting capital gains from 28% in 1980 down to 15% now.
This also had the effect of executive compensation more in stock rather than salary, which had the effect of executives managing their company to increase stock prices for their own benefit, cooking the books every quarter, firing employees to increase profits, to pump their own stock holdings.
. My bad. Used gross instead of net. Still, Walmart sucks.
Another effect of low taxes is that it discourages (long term) investment in favor of short term profiitabity and inflated stock prices. iow, pocket the low-taxed profits rather than, with higher taxes, invest profits to avoid the high taxes.
Yeah and say goodbye to low inflation on food products, except for what the govt subsidizes.
The government props food prices up by setting price floors for re ed farmers too stupid to make a living on their own.
Republicans for whatever reason think it's the other way around.
and that is what a college degree gives you
Enjoying that time off from Kool eh?
Oh, and I don't care as long as I am not one of "them".
they're already getting hurt... everything adjusts for inflation except low wages... lol @ poor people regularly eating out...
My son is an 18 year old, living at home, night stocker at a local grocery store. He is not worth $15/hr.
IF that is a $30K/year job, where should skilled labor salaries begin? College educated? Professional? How would inflation be controlled?
My employees WOULD NOT work for minimum wage. If they didn't get a boost, they would go take my son's night stocker job; less stress, same pay. I'd HAVE to raise compensation significantly (they start right around 30K)
If we go by how much right wing assholes think people are "worth" then slavery would be legal.
Those salaries should begin at the level they are in every other modern country.
As for my response to your other post, you'd raise their salaries and pass most of the cost onto your customers. Yeah, maybe you'd take home less money as the business owner. I'd be lying if I said I give a about that.
Ultimately, everyone is the customer, dumbass. Make more, everything costs more.
Then lets legalize slavery to lower costs!
If we were really the same person this username would have been banned too, as would Trill Clinton, CuckingFunt, lefty, and AaronY my other trolls.
Why the would I want to be a business owner if my employees make more than I do? I'll take the semi-skilled low stress job that pays nearly 6 figures, thank you.
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