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re: Anyone who is for increased minimum wage tell me why we shouldn't jump straight to $100/hr
Posted on 1/18/21 at 12:24 pm to AlterDWI
Posted on 1/18/21 at 12:24 pm to AlterDWI
quote:
There's not going to be any more stability. The person already making 31k will want 45k & the person making 45k will want 60k and on and on until the people making minimum wage are no better off than they were before bc the price of everything had gone up.
I am Not saying they won’t want more
Don’t we all?
I am Saying you have more financial stability with 31k than 15k
3
Posted on 1/18/21 at 12:32 pm to SammyTiger
quote:
31k
But now with everyone working making over $31k, who is going to bear the cost of that? You think business owners are going to want to take the hit? Nah we don't need to make $100M profit anymore, we will take $20M.
Think about the that owns a lawncare company. He pays 2 guys $10/hr to cut yards. They can do 1 per hour so cost $20/yard. Each yard is $40, so he pulls in $20 before gas, repairs, etc. In the end it comes out to $11 profit per yard.
Now he will only pull in $10 if he keeps both workers for $1 profit.
What does he do? Increase the price to $50/yard or cut one of his guys.
This post was edited on 1/18/21 at 12:35 pm
Posted on 1/18/21 at 12:55 pm to SammyTiger
quote:
I am Saying you have more financial stability with 31k than 15k
No you won't.
If you're an asst manager at a grocery store making $15/hr & the kid stocking shelves goes from $8/hr to $15/hr, what the hell is the point of you being asst manager if you're only making minimum wage?
If you quit, how is the store going to hire another asst manager if they're making the same as everyone else? You either require a raise or find something else. Once this scenario plays out nationwide, no one is going to be better off in the long run.
Posted on 1/18/21 at 1:20 pm to SammyTiger
quote:
I am Saying you have more financial stability with 31k than 15k
Not if everything doubles in price when you go from 15k to 31k.
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