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originally posted by: Terminal1
a reply to: Grambler
That doesn't null and void the argument though. It doesn't matter how the wages have gone up. It would make Doctors envious of the lowly Walmart worker.
The San Diego based fast-food chain says that with California's minimum wage rising to $15 by 2022, automated kiosks and other previously tested technology which was previously failed to pencil out are now economically feasible.
That said, here in the real world, competition prevents corporations from earning excess profits (at least for an extended period of time anyway) and businesses respond to higher labor costs through capital investments designed to reduce labor (think ordering kiosks at McDonald's) and/or other cost cutting initiatives.
In fact, for the latest example of the unintended consequences of higher minimum wages, one has to look no further than a pair of Tim Horton's franchises in Ontario, Canada. Faced with a 21% hike in minimum wages starting January 1st, with hourly rates going to $14 from $11.60, owners of the two restaurants said they had no choice but to cut employee benefits and eliminate paid breaks to offset their higher costs.
originally posted by: eriktheawful
a reply to: Grambler
providing a one-time cash bonus for eligible associates - those who have been with the company at least 20 years - of up to $1,000,
Have to tell my wife to keep a look out for that. She's a 22 year veteran of Wally World.
originally posted by: DBCowboy
a reply to: Grambler
Be honest, how many companies won't use this to increase their profit margin?
Look, I'm all for higher wages and tax decreases, but I can't discount that corporations won't abuse the system.
originally posted by: Terminal1
I love just how a couple years ago that the arguments were that Walmart employees did not deserve a raise. Same with fast food workers and the like. It would throw the whole wage scale into chaos the arguments were. If Walmart employees got a raise then the cost of everything would go up. If fast food workers got a raise then a Big Mac would go up to prices unheard of.
Where have these arguments gone?
originally posted by: DBCowboy
a reply to: Grambler
I will caveat that there is a difference between government mandating that wages increase and companies doing it on their own, but no plan is ever perfect.
Until we go to a flat taxed based system without deductions and 76K+ pages to describe it nor the requirement of needing to hire specialist to properly file ones taxes , the middle class will continue to get screwed. Heck under Obama not even the head of the IRS was able to file their taxes properly.
originally posted by: bigfatfurrytexan
a reply to: Grambler
"Including technology" sounds like "robotic cashier" as it echos through my tinfoil hat