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Asked: What percentage of the population makes MW.
Answered: Less than %5, IIRC. Seems a bit silly to disrupt an entire economy over such a small portion of the population, but I guess Washington needs something to do.
Lets look at the official government figures. Saying 5% is not the real story. It is the 16 to 19 year old population that is the hardest hit. And next the 16 to 24 age group. In other words, high school and those working while going to college are the ones where the numbers are high. It drops off rapidly after that. Learn the facts.
The inflation-adjusted average earnings for the bottom 20 percent of families have fallen from $16,788 in 1979 to just under $15,000 today according to U.S. Census Bureau.
That 30% is not profit. That is after paying for food, wages, and daily operation. Out of that 30% comes loan payments, mandated upgrading, adding new equipment such as FREE WiFi which costs over $10,000, etc., etc., and some required improvements can cost 10 times that much or more. The profits are only a small portion of t ha t 30%. Increase minimum wages by nearly doubling them, if t hey can't raise prices will put the business out of business. That is the real math, in business.
But they can take 25% of their stockholder dividends and use that money to DOUBLE employee pay.
Note the minimum wage earners that are in any significant numbers, are the 16 to 19 year old high school students followed by college students in the 19 to 24 age brackets. With the part time workers being the ones that earn minimum wages.
In other words, the majority of minimum wage workers are part time student age workers.
In places such as where I live, where every fast food restaurant you drive by is constantly advertising for help as they can hardly get enough workers to staff their operation, advertise far higher wages than minimum wages such as our local one which often puts up they will pay $14 an hour. The ones like ours which pay higher wages, do not hire the typical employee for similar type businesses in big city high unemployment areas. They are hiring adult workers, and the young typical workers for that type of business are going without jobs.
This indicates raise minimum wages enough, and the young people will be the ones frozen out of their first job, and will be unable to start their climb up the employment ladder. It cuts off the first job for young people.
But they can take 25% of their stockholder dividends and use that money to DOUBLE employee pay.
You clearly don't understand how MCD operates, who employes or pays the employees. Mcdonalds is a real estate company that also charges a royalty on sales of products. What mcd makes or doesn't make is disconnected from the guy flipping burgers owned by a franchise owner
So when many of these no skilled workers that no one wanted to hire previously because of their poor worth ethic, poor appearance, or ghetto/rotten attitudes, .
First of all, there are many more jobs paying close to, or not much more than, minimum wage then "burger flippers". There are college graduates that are having a hard time finding jobs paying more than $8 or $10 and hour. Try saying something other than what you hear everyone else saying.
Second of all, most people you describe are not working in the first place. They are living on the government dole already.
The increase in wages at the bottom would help those people who are at least TRYING to go to work everyday and help themselves.
What people don't seem to want to accept is that companies keep their wages as low in response to their customers demand for low prices. Shoppers by and large are simply not willing to pay higher prices just so that some stranger working the cash register can earn a "living wage".
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I think we have been brain washed by corporations (and CEO's making mega millions) into believing this.
I think we have been brain washed by corporations (and CEO's making mega millions) into believing this.
I think a lot of it is pure greed.
brain washed by corporations and CEOs that consumers shop at walmart to pay less and put mom and pop out of business is all fake ?
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