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(visit the link for the full news article)
Fast food workers across the States are walking off the job today, fighting for a living wage.
Originally posted by Beartracker16
The story reports that raising wages to poverty levels would cost .30 cents on a $10 meal.
Is that so bad.
McDonald's say wages are not controlled by corporate policy but by the franchise owners.
Could this lead to increasing wages for other segments of the economy?
There should be outrage all over the US as people are unable to get their happy meals today.
video.ca.msn.com
(visit the link for the full news article)edit on 29-8-2013 by Beartracker16 because: correcting info
Originally posted by catt3
From what I have seen the workers are either in school or dropped out of school or someone looking to make a little extra cash, I have met very few people who are trying to live on what they make.
Originally posted by earthling42
It's not doubling, it's from $7,25 to $9.
And they are right to fight for it, minimum wage should not be below the poverty line.
Originally posted by camaro68ss
Originally posted by earthling42
It's not doubling, it's from $7,25 to $9.
And they are right to fight for it, minimum wage should not be below the poverty line.
Headlines i read are for $15 wages.
minimum wage is just that, for uneducated workers with minimum skills.
Originally posted by earthling42
reply to post by camaro68ss
Ahh so... does that mean they are less and have to work for a minimum wage below the poverty line?
Originally posted by camaro68ss
Do all those idiots protesting understand once there wages increase, the price of good and services increase as well voiding the “new” economic advantage they were trying to obtain? I guess not, that’s why there working at McDonald’s.]
Originally posted by earthling42
reply to post by camaro68ss
That is not to much, $15 is far above poverty lineedit on 29-8-2013 by earthling42 because: (no reason given)
Originally posted by earthling42
reply to post by camaro68ss
It was stated that the minimum wage is 19 percent under the poverty line, which means that 7,25 should be atleast 8,60 to be on par with the poverty line.
That is not to much, $15 is far above poverty lineedit on 29-8-2013 by earthling42 because: (no reason given)
Originally posted by earthling42
Made a little mistake there, i see you have a poverty line based on household size, is that correct?
Originally posted by MikeNice81
Originally posted by camaro68ss
Do all those idiots protesting understand once there wages increase, the price of good and services increase as well voiding the “new” economic advantage they were trying to obtain? I guess not, that’s why there working at McDonald’s.]
No they skipped Econ 101 and failed to do any research on the topic. They don't realise that if their wage goes up the prices must go up and will minimize their advantage. They don't understand the ripple effect it will have on other industries as people demand to be paid more than "a fry cook."
They don't understand that it would mean a greater than 1% increase in inflation and probably a .5% increase in unemployment. They haven't read the sixty plus years of research on the subject.