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Message
re: Bank Of America - Minimum Wage to be $25 hr/50K yr
Posted on 9/21/23 at 1:52 pm to TJG210
Posted on 9/21/23 at 1:52 pm to TJG210
quote:
What people fail to see is that when big companies do stuff like this, it’s not out of the goodness of their hearts, it’s to pressure their smaller competitors to do the same, which many can’t do.
Smart tactic
0
Posted on 9/21/23 at 2:10 pm to ConfusedHawgInMO
quote:So the newsflash is we aren't stuck in 1991? Thanks for the update.
Granted it was in the early 90s but I remember thinking if I ever make $50k/yr that I will have more money than I know what to do with. I can't imagine trying to build a life and raise a family on $50k today.
Posted on 9/23/23 at 8:18 am to sidewalkside
quote:
ou think major corporations will just absorb costs and not pass them on? You think they are willing to accept lower margins for altruistic means?
Altruism doesn't play into it. Taking less profit is a common strategy to eliminate competition. Once the competition is gone, you raise prices.
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