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Just think how much more Mickey D's could make if there were no minimum wage or hourly limits on employers. Then eliminate welfare for the poor and wages could be even lower. Now that would be a business utopia.
That is certainly not my recollection, do you have data that would support that claim? There is a 'ripple effect' from minimum wage increases but economists have found that it is limited to those making less than 150% of the minimum wage. And I checked several sources and all of them appear to show that wages took a dump in 2009
That would likely be because the recession overrode any effect of base adjustments. Combine that with the widespread ending of merit raises in 2008-2009 and you see wages drop.
I know that individual stories on the internet are worthless but we are the only ones that make what we make with what we make it with.
We make it on machinery that is 80 years old which gives it properties that are hard to duplicate with new machinery.
That makes a lot of sense and would be a good reason for you guys to operate differently.
I think tech in particular (and St Louis is rapidly becoming a tech heavy town), is following the poach instead of train pattern.
No, I understand the difference, I also understand they both are called raises. So you cannot claim people did get raises if that isn't true. From what others are saying on here, it sounds like most people haven't seen any sort of raise over the past 12 years, which would go against this idea that everyone gets a raise when minimum wage goes up.
Though one could also say, those making those most saw a massive amount of increases while the rest saw little to none.
No, they are not both raises. A raise is only when you get a permanent increase in wages based purely on merit. Anything else is not a raise.
No, they are not both raises. A raise is only when you get a permanent increase in wages based purely on merit. Anything else is not a raise.
"Increase of wage" sound better? Though technically they are both raises because the definition of the word raise means something goes up. So did your wage increase in 2007, 2008, and 2009?
Are you kidding me. You don't get a yearly raise. I have never know any company who doesn't do that. I think they have used and abused you And huge companies like Mcdonalds, Walmart, etc would absolutely be able to absorb those costs. But that means less pay for the CEO who makes millions.
If you work for a small business, you don't always get a raise every year. I worked the last 11 years of my career at a doctor's office. I got a raise about every two years.
Quote:
Originally Posted by marigolds6
No, they are not both raises. A raise is only when you get a permanent increase in wages based purely on merit. Anything else is not a raise.
One is generally called a "Cost of Living" raise, the other a "merit" raise. Both are raises. Both give you more money.
Are you kidding me. You don't get a yearly raise. I have never know any company who doesn't do that. I think they have used and abused you And huge companies like Mcdonalds, Walmart, etc would absolutely be able to absorb those costs. But that means less pay for the CEO who makes millions.
90% of McD' s are not owned by McD's. The franchissee in your town, a small businessman, owns them.,
Most likely the same person or company owns most or all of the franchise in town. Monopolies work on a small scale almost as well as on the large scale.
We should raise it parallel to COL starting NOW, about 2% per year. With the law of 72s, by 2052, it would be $14.50.
My salary, and I suspect it is the same with almost everyone else, is not tied to COL. I have to actually perform well to get a raise. Why would MW'ers get an automatic raise?
My salary, and I suspect it is the same with almost everyone else, is not tied to COL. I have to actually perform well to get a raise. Why would MW'ers get an automatic raise?
They would,too, as automation in fast food and retail will greatly reduce demand, so corps will be cherry-picking the best 1/4 to 1/2 from existing staff not too far in the future. (50-75% rote jobs gone seems to be what most articles in bus mags I have read point to, for rote tasks). The mom and pops will not be able to invest, but franchisees can)
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And huge companies like Mcdonalds, Walmart, etc would absolutely be able to absorb those costs. But that means less pay for the CEO who makes millions.
