So if it added “.06 to the cost of a four dollar hamburger” to pay people a living wage, why are we not doing this everywhere?
Is it millionaire greed? I bet it’s millionaire greed.
Brad Close, CEO of NFIB (National Federation of Independent Businesses). NFIB speeds more money lobbying to keep people poor (124 million) than than take in each year (113 million).
Brad makes over $480/hr (or 1 million dollars a year) to lead a company that tells the government you shouldn’t make more than $7.25/hr. He must be 66x smarter and more productive than those making minimum wage.
That’s just one example, look up Serv-Safe and the National Restaurant Association. It’s not an accident these workers are poor, it’s on purpose.
Is it millionaire greed? I bet it’s millionaire greed.
Close, but it’s billionaire greed. Those fractions add up to a second summer home/yacht at the end of the quarter. You think they’re gonna just give that away so peasants can (barely) earn a living??
When Obamacare was being debated the CEO of Papa Johns opined that pizzas would cost an extra $.14 if he had to provide healthcare to all his employees.
According to “Papa” John Schnatter, the cost of providing health insurance for all of his pizza chain’s uninsured, full-time employees comes out to about 14 cents on a large pizza.
Have not eaten their since 2012.
We’re up against voters who think that’s a reasonable take.
“It would increase the price of the pizza by fourteen cents” is a reasonable take.
“I am not willing to do that” is not.
I’m fine with min wage so long as it is handled by hard research and science and not politicians or lobbyists. Although even scientists can be corrupted but at least it is backed by verifiable facts.
I’m not! Scrap minimum wage! Enact a livable UBI (also established by hard research and science and not politicians or lobbyists) and let the Free Market decide what a job is worth!
I think you should be more grateful for minimum wage than you realize, because if capitalism had it way we might end up with a hourly wage of $0,02 or even less maybe. The problem isn’t the existence of a minimum wage it’s the amount that’s connected to it. Don’t believe me? Look at the amount prisoners or illegal immigrants make an hour.
You missed the UBI part of his statement I think. You don’t need a minimum wage if people can survive without working.
If I could sit on my ass, or work for $0.02, I’m going to sit on my ass.
I didn’t overlook it, just not part of the point I’m trying to make. If there would be a basic income and on top of that there is a 2ct hourly wage, everybody will be sitting on their ass. When people are financially ‘rewarded’ for their work they’re more likely to give a damn, even if you’d have thousands of dollars basic income. In other words, having a legally set minimum wage is a good thing also with UBI.
Edit: my statement about underpayed prisoners prove this fact, except their basic income is basically ‘spent’ on food and housing (it’s a bit of a stretch, but better rewards (/higher wages) increase motivation in this case as well). Also let me stress this before it becomes part of the argument, I totally agree on the it needing to be backed by science.
everybody will be sitting on their ass.
Exactly. Then what would happen to the companies?
Exactly, that’s when the free market dictates what a job really is worth
Unlikely, no entity/business/people will ask for $0.02 hourly for their service. In a capitalist society, business/people/entity will ask for correct hourly price/fees/salary/income for their services that is profitable.
illegal workers are breaking the law, so they have no choice, no bargaining power. They can ask for higher hourly price for work done, too, or just don’t be illegal or find another job in their home country.
Maybe don’t compare to prison/illegals/rapist/pedos since there are many countries with no min wage, like successful Singapore.
I started working from min wage up. I don’t work illegally in other countries, and I find another job if pay is too low to make ends meet. The moment I start any job, I also start looking and preparing for my next job. I am never loyal to my employer because they will never be loyal to me.
There might be places where it worked, but the fact there is a difference between ‘normal’ and ‘tipped’ minimum wage in the US says a lot about the powers working against the individual. I heard the minimum hasn’t changed in decades in the US and the tipped minimum wage is about $2.50 or something. But to be honest I don’t expect someone that says “… just don’t be illegal or find another job in your home country” to know what it’s like to struggle making end meet and then have these powers working against you.
Is that why US companies pay so low (in comparison to their Cost of Living) because there is min wage to follow rather than free market. While other countries (with no min wage) salaries are “higher” in comparison to their Cost of Living, food, clothes and etc.
I think the better educated/skilled someone is the more the free market will benefit the employee, because if someone is easily replaceable the focus is more on how cheap someone can do something rather than how good someone can do it. Companies are under pressure to deliver their service/product for a low price, wages are a big part of their operation cost .
$20 minimum wage impact per burger is minimal, like under 50 cents. What’s the excuse for COVID prices still being in effect? Supply chain problems my ass.
Revenue Per Employee doesn’t actually have to be 1000x their wages.
Revolutionary study. Next you’ll tell me the sky is blue
Cool now lets do it everywhere and tie it to inflation.
Means testing is a fucking trap to block real solutions to problems.
It should stipulate it has to come out of salaries of any above a certain threshold from the lowest paid full-time employee. No more run-away pay. If you want to get rich you gotta make sure the lowest down can at least afford to live.
like CEO pay must not be more than 10 times the amount they pay their lowest paid worker?
that sounds fairUsed to be 40x, I could live with that. At $20 min. wage, that’s about $1.65M. Fair enough for a monster corporation’s CEO. Would you hire some asshole who says he’ll run McDonald’s Corporation for 10x at $416K? I’d be sus.
And here we have the facts of the matter:
The CEO and now chairman of McDonald’s was paid $19.2 million last year in salary, bonuses and stock, according to federal securities filings.
That breaks down to an hourly wage of $9230.77, not including holidays, PTO, etc. 462x the lowest paid employee in California. 40x doesn’t sound so bad now, does it?
But still, CEO pay ain’t the problem, it’s a symptom of runaway capitalism. Ran the numbers a couple of years back on American Airlines. If their CEO took zero compensation they could award every employee a $236 yearly check. I’d be fucking insulted if that was my Christmas bonus.
It shouldn’t have cost consumers anything.
The mark up on fast food is ridiculous and the only reason that the companies, and more specifically the franchises, haven’t just absorbed the increase in labour cost is pure greed.
But… most people, even you won’t cut your own income/salary/increments to increase the salary of low-income workers. If not, they would have done so voluntarily.
Did you ever reject your pay raise and ask the boss to give a raise to the low income staff below you instead.
Business income is not magic, and earnings are divided based on salary structure. The income is divided between all staff, i.e., you get your high salary at the expense of low incomes.
The other way to get more money to raise min salary is to raise prices of product/services. But… why let poor customers suffer?
Where do you think the salary money will come from. Why signal so much concern, but when it hits your high salary, it is no go. Many are unwilling to take a tiny salary cut to help low income.
Some think money will 1000% go to C-suite/investor salary/income if everyone take a miniscule pay cut, even after a company guarantee a pay raise for low income in contract. Hardly anyone want their filthy obscene high salaries to be touched so they will come up with all sort of reasons, NIMBY, they want the money for low-income salary to appear by magic.
The money is not divided between you and them, you shouldn’t have to reject your own pay rise because that is not the reason the low income staff is earning too little. Also, what makes you so holy then?
They’ll still further increase prices citing this as the reason to maximize profits further, knowing consumers don’t actually shop around much.
All these fast food places seem to have forgotten the place they sit in the economy. They’re now the cost of a regular restaurant in many places, and often take just as long now. They just happen to have a drive thru window, and even that’s not a guarantee for many of them anymore.
Why should I pay McDonald’s $15 for a burger meal when I can get the same thing at the same price from a better quality fast food place, or an actual restaurant burger for the same price?
The only reason people are still going there is because they haven’t looked around to realize that other businesses haven’t inflated their new prices under the guise of inflation the same way, and those other options are now a much better deal.
