- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: "Fast Food Workers: You Don’t Deserve $15 an Hour to Flip Burgers and That’s OK"
Posted on 4/16/15 at 7:07 pm to Grim
Posted on 4/16/15 at 7:07 pm to Grim
Pay hourly wage earners $15/hr and watch all goods increase to offset the higher salaries; making the increase a net 0 effect.
..and in 5 years, they will scream for $20/hr.
..and in 5 years, they will scream for $20/hr.
This post was edited on 4/16/15 at 7:09 pm
2
Posted on 4/16/15 at 7:25 pm to LSUAlum2001
quote:
Pay hourly wage earners $15/hr and watch all goods increase to offset the higher salaries; making the increase a net 0 effect.
..and in 5 years, they will scream for $20/hr.
This is exactly what will happen, how do the libtards not realize this will happen? What good is giving them 15 an hour? The middle class will suffer more than anyone since goods and services will go up to match the increase in wages.
Another form of wealth redistribution
Posted on 4/16/15 at 7:41 pm to LSUAlum2001
quote:
Pay hourly wage earners $15/hr and watch all goods increase to offset the higher salaries; making the increase a net 0 effect.
You really think raising the minimum wage has no net effect? That's cute, but unfortunately economics are not that simple. Companies can't compensate for an increased minimum wage simply by raising prices. That would hurt sales because it's not like everyone's pay goes up when the minimum wage increases.
Instead, good ole Mickey D's would just have to eat some of the cost. McDonald's turns hundreds of millions of dollars in profit in the US every year, as does Burger King and other fast food chains. If their franchises have to pay their employees more, the corporate business will have to charge the franchises less for food, cutting into their profits, in order to share a little bit more of their success with their employees.
quote:
..and in 5 years, they will scream for $20/hr.
Not likely. It would be nice if the minimum wage at least kept up with inflation though.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News