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re: Minimum wage battle is going to destroy small businesses!
Posted on 4/2/24 at 9:30 pm to Dawgfanman
Posted on 4/2/24 at 9:30 pm to Dawgfanman
quote:
How do we determine what the market will bear
The maximum amount the consumer is willing to pay for a product or service, and the company which offers it is still able to profit.
A mandatory minimum wage boosted above and beyond what is expected will foster a more elite society and root out the riff-raff who can't compete in the marketplace .... is that necessarily a bad thing?
2
Posted on 4/2/24 at 9:47 pm to tarzana
quote:
A mandatory minimum wage boosted above and beyond what is expected will foster a more elite society
Posted on 4/2/24 at 9:53 pm to SwampyWaters
Whats the point of all this cheap 3-world labor we are letting pour across the border if we have to pay them $20/hr?
I was hoping to get some of the little dirty fellows to do some foundation work for $7/hr.
I was hoping to get some of the little dirty fellows to do some foundation work for $7/hr.
Posted on 4/2/24 at 10:09 pm to SwampyWaters
Never heard this before, great take.
Posted on 4/2/24 at 10:14 pm to tarzana
quote:
A mandatory minimum wage boosted above and beyond what is expected will foster a more elite society and root out the riff-raff who can't compete in the marketplace .... is that necessarily a bad thing?
Price and rent controls have always been such a resounding success, why not expand them to wages?
Do you try to appear stupid, or does it come naturally?
Posted on 4/3/24 at 12:48 pm to Epic Cajun
quote:
There's no free market economy when the government will pay you to sit on your arse, that's not a free market. The supply of workers willing to work a low wage job is artificially lowered by people not needing to work to put food on the table
You would be correct if that situation existed, it does not, but you'd be correct if it did. 80-85% of people who receive ANY social welfare spending in the US from taxpayers work full time. Almost ALL programs that provide benefits have an employment requirement. Those that do not consist of money going to the disabled and kids too young to work. Sitting on your arse does not work. I know many people want to believe otherwise but it simply is not true. What is true is such employment requirements incentivize low wages....low wage employers do not have to cover those costs, the rest of us do it for them.
Posted on 4/3/24 at 12:50 pm to fareplay
quote:
so if you can’t compete just die off.
Does this apply to unskilled individuals who can't make ends meet?
Posted on 4/3/24 at 12:56 pm to SoFla Tideroller
I'm a small business owner and 18 pages in and I'm still waiting on an answer to say how this is true...
quote:
Minimum wage battle is going to destroy small businesses!
Posted on 4/3/24 at 5:05 pm to SwampyWaters
The vast majority of people who pretend to be defenders of small businesses, almost exclusively shop at Walmart and order from Amazon.
Posted on 4/3/24 at 5:05 pm to harmonics
quote:
The vast majority of people who pretend to be defenders of small businesses, almost exclusively shop at Walmart and order from Amazon.
Do you have data on this?
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