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But shortages of cheap labor create wage increases ;)
Minimum wage hikes create unemployment
Blame it on the brown people - again.
We know that when you try to use it, you already know that you have lost the argument.
FortWayneIndiana saysMinimum wage hikes create unemployment
Perhaps short term in the mom & pop businesses but at places like Walmart the only thing it should do is result in a small (ridiculously small in the big scheme of things) net decrease in operating profit - temporarily.
This is the tried and true GOP line from the Reagan years - no mention of the fact CEO pay, executive bonuses continue to go up, the pay gap grows larger every year.
Can't afford to pay workers more because (insert excuse here) but we sure can pay ourselves really really well
Blame it on the brown people - again.
Here’s the thing: when wages/benefits are competitive, you want to give your employees more hours not less! Each employee costs you a significant amount in taxes, social security, health insurance, and other benefits like pensions and workman’s compensation insurance.
Farm workers were excited when Washington state expanded overtime wages. Now they want it repealed because they can't get hours.
Farm workers were excited when Washington state expanded overtime wages. Now they want it repealed because they can't get hours.
ONLY with a shortage of workers will workers be able to exercise any leverage over their slave masters.
https://reason.com/2023/12/27/californias-new-minimum-wage-is-predictably-killing-food-delivery-jobs/
There should be no minimum wage. If you're a company and need labor, you pay what you need to make your profit. When you're told what to pay someone arbitrarily, you'll lose money. So why start or run a business?
Some people would rather give billions to powerful management than hike to lowest of employees.
Libertarian man-eats-man world to achieve survival of fittest is cannibalistic and achieve lower economic outcome as it quickly becomes lawless.
Currently US workers make lowest share of income but some people still blame them for unemployment.
Wake up and get into reality.
patrick , You are sane centrist.. What do you think? .. Is higher wages of labor a cause of concern in our country or management making it like bandits?
Furthermore, the average small business can not afford to increase prices to pay higher wages so they are likely to go out of business or drastically cut back services. Many pizza places have already decided to lay off their delivery staff due the minimum wage hikes. Hope you enjoy destroying jobs Democrats.
the average small business can not afford to increase prices to pay higher wages so they are likely to go out of business or drastically cut back services
Given how Sikhs don't know economics, it is more apparent to me why the street shitters rule over them.
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I know many people who already have to do 2-3 jobs because of cuts everywhere, those cuts have been triggered by dumb Democrat laws, one was Obamacare.
Constantly raising cost of employment and goods, and everyone is fucked at the end. I swear Democrats are most economically illiterate people on the fucking planet.