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re: Bank Of America - Minimum Wage to be $25 hr/50K yr

Posted on 9/20/23 at 12:09 pm to
Posted by Motownsix
Boise
Member since Oct 2022
1982 posts
Posted on 9/20/23 at 12:09 pm to
quote:

If this is so attractive to you, quit your job and go make minimum wage. Unless you’re already poor, Let me know how that goes.


The people most threatened by lower income raises are usually people who are marginally well off in poor states. Their economic status is the most fragile. Otherwise who would care what they pay the girl at the GAP in DC or the burger guy in Boston?
Posted by SlimTigerSlap
Member since Apr 2022
4313 posts
Posted on 9/20/23 at 12:12 pm to
quote:

The people most threatened by lower income raises are usually people who are marginally well off in poor states. Their economic status is the most fragile. Otherwise who would care what they pay the girl at the GAP in DC or the burger guy in Boston?

Or people who make a few dollars more than these proposed minimums. It hurts their feelings to know they've been demoted to bottom dwellers.
This post was edited on 9/20/23 at 5:23 pm
Posted by Trevaylin
south texas
Member since Feb 2019
6053 posts
Posted on 9/20/23 at 12:13 pm to
5-6 years ago, Wells Fargo tellers were leaving to go work at Walmart stocking shelves because the salary/benefits were better.
Posted by Jake88
Member since Apr 2005
68752 posts
Posted on 9/21/23 at 6:35 am to
quote:

Otherwise who would care what they pay the girl at the GAP in DC or the burger guy in Boston?
Uhhhh...because the company passes the costs of those wage increases onto the consumer through higher prices. Do you think wage increases happen in a vacuum?
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