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So much ignorance, neither of you has a clue. If the Wal-Mart CEO took a 100% pay cut and gave all $35,000,000 to the employees they'd make a whooping $16 per YEAR more.
Poor Walmart only had half a trillion in net sales last year.
They are too broke to give their workers a pay raise.
For the fiscal year ended January 31, 2015, Walmart increased net sales by 1.9% to $482.2 billion and returned $7.2 billion to shareholders through dividends and share repurchases. Walmart ranked first on the 2014 Fortune 500 list of the world’s largest companies by revenue.
Now take a McDonald's franchise or a taco bell franchise or any franchise.
Not all business are multinationals like Walmart.
Your McDonald's owner/manager makes about $40K a year. How much of a cut should he take to cover a 200% increase in wages ?
Who said anything about cutting the franchisee owner's pay? $40k is certainly not being overpaid.
To limit the extent small businesses (including restaurant franchisees) contribute towards higher minimum pay I would be in favor of cutting income taxes in half for low-paid restaurant workers at the bottom, while closing the loopholes on corporate taxes at the top.
Well if you were economically literate, then you would realize that the amount of inflation that happens when minimum wage is increased is extremely small compared to the extra spending power that those making the least are now making.....but then again we couldn't have those nasty minimum wage workers making more than they are now, can we.....I am sure you would support people making minimum wage making even less than they do now.
Where is your data behind your claims? Any data? at all? I'd be surprised to see if you can produce any considering how you struggled to interpret the CPI chart posted earlier
I've been following this thread, and your posts seem to follow the same format:
1. Unsubstantiated claim(s)
2. Over the top sarcastic jab at conservatives
3. Insult(s)
4. Emoticon
Where is your data behind your claims? Any data? at all? I'd be surprised to see if you can produce any considering how you struggled to interpret the CPI chart posted earlier
I've been following this thread, and your posts seem to follow the same format:
1. Unsubstantiated claim(s)
2. Over the top sarcastic jab at conservatives
3. Insult(s)
4. Emoticon
Maybe you should read post 120, that provides you the data you are seeking.
You are either being obtuse or you fail to understand unit-wage measurements.
I'm being obtuse? Are you saying that the source is biased or illegitimate? Are you claiming I 'made it up'? Here is the data it was derived from, and an article with more information on it.
Maybe you should read post 120, that provides you the data you are seeking.
That study just analyzed the small fast food business model. And to boot, it's an over-simplification of the wages in that model. You will have shift leaders and assistant managers making 1-10 more than the minimum wage workers. Their calculations assumed no one's pay would be bumped up beyond $15, but in reality would have a cascading effect as those other workers' pay would go up also. The end result would be higher prices than that 4.3%. How much higher? I don't know.
Either way, fast food job market is about to be automated away. Soon people will order via kiosk, have a burger made by a machine (yes, these exist already but are expensive right now), and have any special requests handled by the single floor employee there, who of course is making $15. Automation will only come quicker with rising labor costs, so the net result could be less wages paid out to fast food workers overall.
THat's the problem with these simplistic solutions, like raising minimum wages: unintended consequences. Kind of like when your ilk was demanding even higher wages for Detroid auto workers only sped up the shift to a global labor market (i.e. those highly paid workers losing their jobs).
I'm being obtuse? Are you saying that the source is biased or illegitimate? Are you claiming I 'made it up'? Here is the data it was derived from, and an article with more information on it.
This is an honest question: where is the actual data? Summary amounts on a simplistic P/L statement do reinforce your point somewhat, but the underlying data and assumptions would be more informative.
That study just analyzed the small fast food business model. And to boot, it's an over-simplification of the wages in that model. You will have shift leaders and assistant managers making 1-10 more than the minimum wage workers.
In the first place, unless you can show us your bonafides for making these kind of claims, then you are just another C-D poster offering an opinion. But..if you are right and shift managers in McDonald's are going to earn $25 an hour SIGN ME UP
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