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He isn't talking about everyone. You are. Sure beginners need to start at the bottom and work. How long do you think a person 50 years old and 25 years experience in a job or two and a college degree be required to accept minimum wages before and upgrade in pay?
When I said everyone I meant that eveyones pay would be arbitarily mandated to be at least 10.00 per hour.
Which is what raising it to 10.00 per hour would do
The problem is that some companies and business models could sustain this but not all of them can.
Just because Costo's can afford it doesn't mean Joe Shmoe's widget shop with 3 employees can.
Apparently the increase in profits should only go to those at the top if productivity of the workers increases, somehow that makes sense to right wingers, as if they think if they let the top earners take as much as they want that they too will one day become rich just like them.
And that's why nothing changes. Greed dictates everything. I work in the Engineering and Design field and with all the offshoring , pay cuts, working leaner , and some other changes in my industry we don't see any decrease in what the end product costs.. actually it just keeps going up.
Yes it usually does. I am glad that you are now seeing that. I am not asking for people to work for free so lets stay on topic. I asked who pays the extra money , and you just said the employer which is correct.
So , since the employer is now technically losing money since hers/his profits have changed into a negative wouldnt you agree this is a loss of income as a business owner/employer ?
How do you know the employer has a net loss? Raising the minimum wage doesn't automatically mean the employer no longer has a profit and now has a loss of money.
The answer is less income, not necessarily loss of income. And again, there are multiple ways for an employer to handle it.
When I said everyone I meant that eveyones pay would be arbitarily mandated to be at least 10.00 per hour.
Which is what raising it to 10.00 per hour would do
The problem is that some companies and business models could sustain this but not all of them can.
Just because Costo's can afford it doesn't mean Joe Shmoe's widget shop with 3 employees can.
Those businesses should just go bankrupt as they aren't running a sound business model according to urbanlife78.
When I said everyone I meant that eveyones pay would be arbitarily mandated to be at least 10.00 per hour.
Which is what raising it to 10.00 per hour would do
The problem is that some companies and business models could sustain this but not all of them can.
Just because Costo's can afford it doesn't mean Joe Shmoe's widget shop with 3 employees can.
How do you know Joe's widget shop isn't already paying his employees $10/hr?
Oh yeah? So I can only assume you are now a millionaire?
How does that help the discussion? If you want to talk about how to become a millionaire in a separate topic, I am glad to participate otherwise this is off topic.
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