Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
It could be, but then clerk A could just pound sand if he can't find someone willing to pay him more than what he's already getting (I had an ex employer tell me that in so many words when I quit after a pay cut)
Siiiiggghhhh......
Yeah, clerk A can just take their bat and ball and go home if they don't like it.
Some of you are only proving my point - that you know little to nothing about business, but you're going to stick to your convictions nonetheless.
Blue areas like Seattle are where the jobs are, hence the high rent. Red areas should welcome Seattle's desire to shed jobs.
I would rather live in prison than the work slavery you think is a life.Slave away paying high rent looking toward retirement,then wonder where your life went when you are to old and broken down to enjoy anything.
I would rather live in prison than the work slavery you think is a life.Slave away paying high rent looking toward retirement,then wonder where your life went when you are to old and broken down to enjoy anything.
You mean like Bill Gates and the founder of Amazon what's his name?
That study is food service workers only.
The UW study is all low wage workers. (And the UW study addresses why using food service workers only missed the effects across all low wage industries, retail in particular.)
Good point. Methodology is important.
Quote:
Originally Posted by FirebirdCamaro1220
We just had a $1.95/hr min wage increase here in AZ as a phase up to $12/hr, and no one else's wages went up.
Why would they?
Wages are determined by the Supply & Demand of a given Skill-set (and your government lists 800+ Skill-sets) in a specific Labor Market (and there are more than 1,500 such Markets).
For each Skill-set in a specific Labor Market, there is a wage floor below which no employees are willing to work, and a wage ceiling, which is the maximum amount an employee can earn.
The wage ceiling is determined in part by the profit margin and the Price Elasticity (of Demand) of the products or services that are sold. An increase in prices to offset higher wages may or may not result in an increase of profits, and could in fact result in a decrease in both gross revenues and gross profits. It all depends on the Price Elasticity of the goods or services offered, which is based heavily on the number of substitutes that are available.
Suppose that production workers in an ice cream factory get their wages boosted from $9/hour and $10/hour to $13/hour. Those workers that are earning $14/hour to $16/hour (the wage ceiling) will not automatically get their wages boosted to $17/hour to $19/hour unless the company can increase the prices of its goods in order to maintain the same profit margin. There are many substitutes for ice cream, such as popsicles, fudgecicles, ice cream sandwiches and other frozen treats that cost less.
It's quite amazing how the economic elite in this country have been so successful at manipulating a large section of the U.S population into pushing their causes.
It's quite amazing how the economic elite in this country have been so successful at manipulating a large section of the U.S population into pushing their causes.
It's quite amazing someone would actually think this way. You should work for CNN.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
