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I just happen to believe these people rather than people that benifit from not paying min. wage or providing benifits to maximize profits and to hell with the people that do the dirty work.
Originally posted by numo16
reply to post by ExPostFacto
because raising minimum wage doesn't inflate the currency, right? Here's how it works: Businesses do not like to see their bottom line drop, so when the minimum wage goes up the company can either continue to hire at the same rate, but raise prices on their product/service(damn double cheeseburgers at mcdonalds going up in price) or they can freeze hiring and try to keep their prices the same(unemployment rise). Of course, there is a third avenue, in which the company some how manages to sell more of their product/service allowing them to keep hiring and keep prices the same, but that would require more people to be employed, which lead back to the beginning of this loop.
you guys can go ahead and raise minimum wage, but I don't want to hear a single complaint when prices start going up more or unemployment continues to rise. I won't worry about it, I worked hard in my minimum wage job at wendy's to get into management, while going to school so I could leave said management for my software engineer job(in one of the worst cities in michigan unemployment wise).
Originally posted by Lemon.Fresh
Do away with minimum wage. You are payed what you are worth.
Minimum wage is part of the reason everything is so damned expensive.
Originally posted by EsSeeEye
reply to post by whaaa
A number would be outstanding. While you're at it, how much is too much for a bonus? How about a salary? How much can one person have in their bank account before they become slime?
An exact dollar amount would be preferred, please. I need to know where to stop succeeding.