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re: 15 dollar min wage bad, right?
Posted on 1/26/21 at 8:28 pm to Srobi14
Posted on 1/26/21 at 8:28 pm to Srobi14
quote:
dk I would say if a small business can’t afford to pay their folks 15/hr they probably shouldn’t be in business. This mostly effects large companies bottom line IMO. Which is why it is so politicized.
The cost of EVERY good moved and consumed on a daily basis will skyrocket while the middle class actually paying the lion's share of income taxes stays stagnant. Therefore, less spendable income is available for those that actually ignite the economy. The rich will simply replace the workers with automated systems resulting in more and more workers once injecting into the economy now are forced to suck the tit of the middle class. This results in a significant increase of governmental dependence, which is what the Marxists desire.
So yeah, no issues whatsoever driving up the costs of the single most important variable in our economy.
1
Posted on 1/26/21 at 8:37 pm to 4LSU2
$15 x 40 = $600 per week, $31,200 per year. In South Dakota that isn't great but it's enough to comfortably live on if you don't have much debt. Two income household would be over $60k a year. You can buy a decent house in a small town in this state, most of the state, for about $120k easily. That's only 2x household income.
Liveable wage? Absolutely. But small businesses here won't be able to afford the labor costs.
I understand the cry for $15/hr minimum wage in high cost urban areas but one size does not fit all. Let the States decide. South Dakota is nothing like New York so why should our rules be the same?
Liveable wage? Absolutely. But small businesses here won't be able to afford the labor costs.
I understand the cry for $15/hr minimum wage in high cost urban areas but one size does not fit all. Let the States decide. South Dakota is nothing like New York so why should our rules be the same?
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