Minimum Wage

[PashtunWarrior]

Re: Minimum Wage

@Insaf ka tarazu

Coincidentally, today nationwide in US there were protests for raising the minimum wage. This article is a good read.

Raise the minimum wage - latimes.com

The problem with. the argument employees will leave if wages too low is that they need work. And so have to accept whatever is doled out. Sure employers cant force workers to work for low wages. But lack of better options end up forcing workers to work for a pittance.

As for companies leaving a minimum wage state, as article points out, most minimum wage jobs are in fast food and retail! So they have to stay in that state. McDonalds isn’t going to Oregon and still sell burger’s in CA.

Not clear how price inflation relevant. Companies increase price to keep pace with inflation. they should keep pay commensurate with inflation.

In ideal world govt. Wont subdidize the rich and the corporations. The corporations will not use their power to sucked more out of govt. Free markets prevail. Healthy competition etc.

Till above ideal situation reached, protection should he in place for those at bottom. Till playing field leveled across race and class, protection should be in place.

people with min wage spend their money. So corporations benefit. Economy grows. Some Walmart employees are burden on state. They have to get food stamps. So we as tax payers end up subsidizing walmart. Which is bad for economy. Also gives Walmatt unfair advantage over Costco.

As for wmt having different bus modrl vs costco, sure, their business model includes passing on the burden to taxpayers. Not good.

Yes, employees need work but that does not mean put a gun to employers head via force and coercion of the state and say pay more. Just like people need food, shelter and clothing and if people cannot afford it they still have no to right to steal it. Not having any other options means that the company you are currently working for is your best option. Rather than being thankful you want to force your employer to pay more?

Services are hard to outsource. This does not mean there are no consequences of the minimum wage. Companies can have cheaper and lower quality products. They can raise the price or automate parts of their business. They can let less productive employees go.

Minimum wage helps increase price inflation. The fed and the government policies also lead to price inflation.

Corporations are a creation of government. It is government that gives corporations the handouts from the taxpayers.

Government benefits are for the poor. Walmart employees make some money. The real people who benefit from government benefits are the ones who do not work at all yet no one talks about them even if they are able to work.