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between food stamps,childcare credits and medicaid low income do better than most earning way more . just my medical insurance is 15k a year.
I agree.
However, why are we subsidizing private businessmen in this way?
Labor costs are part of business. If they can't hack it in terms of making margins with certain labor costs then they shouldn't be in business.
Some business owners will figure out a way to supply goods and services at the lowest possible price even with increased costs (either through better efficiency or lower margins). Those that won't, will go out of business. It's really that simple.
Outsource where you can to stay competitive. Thats is what it takes in many businesses.
When foreign competition started to win the bids and we could not compete we stopped making parts here.
We now employ 120 people in long island and brooklyn and design,assemble and quality control our products here. The castings are made both in china and mexico now.
That put us back in the race and enabled us to branch off into other ventures instead of failing.
There are things we excell in here in and other things done better and more efficiantly elsewhere in the world.
Had we failed 120 people would have joined the ranks of the unemployed.
Last edited by mathjak107; 03-10-2013 at 01:06 PM..
Why not make it $500 (or $3,132.38) an hour, while we're at it? And when the high minimum wage leads to firings, they will suffer, but not those who don't think about consequences.
In more advanced societies this is already a reality.
Denmark, has the most equal income distribution and coincidentally highest minimum wage in the world. And their unemployment rate is way below of the average EU.
It can be done without major detrimental effects, but the owners of this country and some of the delusional peasantry (who dream of one day being one of them) will tell you all kind of scary stories about hyperinflation, mass unemployment and such.
Baloney. I say...
Let's stop subsidizing mega corporations by supplementing worker's salaries with tax funded welfare programs.
The American CEO makes 300 times what the average worker of his company makes. Not the lowest paid employee of the company, but the average.
That's a grotesque disparity, if you asked me.
How about for starters, CEO's take a pay cut? So they can pay their workers decent wages.?
i think all politicians should live on 7.25 in NYC for 2 weeks... You will be surprised how quickly the minum wage will be increased and probably doubled
i think all politicians should live on 7.25 in NYC for 2 weeks... You will be surprised how quickly the minum wage will be increased and probably doubled
Bill passed, minimum wage will be raised to $9 an hour.
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