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or reduce the amount of services they purchase. or negotiate better prices for those services.
Oh, it certainly can come out of CEO paychecks.
It can also come out of dividend checks that would've been sent to investors. It can come from the money that they use to buy back shares of stock.
It can also come out of profit.
Funny how when CEO compensation is rising, and cutting into profits, that's perfectly OK with y'all. But when bottom-rung compensation is rising, and cutting into profits, you act like the economy will crash. It is almost as if you hold wealthy and high income people to a totally different standard than others.
Not necessarily.
Price is determined by a complex set of factors related to supply and demand. It isn't pegged to labor costs, although business owners who want to make more money will certainly make that claim... so they can keep more money in their own pockets.
nobody said it would.
Minimum wage workers will always be on the bottom of the wage totem pole.
Hence the term MINIMUM wage.
Wealthy and high income has nothing to do with it. The fact that they've bothered to obtain an education - either formally or through experience - and (mostly) work their way up to a position at the top of a company does. Why shouldn't someone who has made the effort to improve their skill set be rewarded more handsomely than someone who has settled for a minimum wage job?
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Price is determined by a complex set of factors related to supply and demand. It isn't pegged to labor costs, although business owners who want to make more money will certainly make that claim... so they can keep more money in their own pockets.
You've never run a business, have you? Labor accounts for anywhere from 40% to 60% of the costs of running a business, depending upon the field that the business is in. Labor, therefore, is a huge factor in the final cost of a product. On top of that, if the suppliers of the materials that you need to make your product are also affected by a rise in the cost of labor, that extra cost is passed on to your business, and is in turn passed on to the final consumer. Supply and demand is only a small portion of the equation when it comes to the price of tangible goods.
The confederate flag is symbol of racial oppression. The people who fought under that flag wanted to keep black people enslaved.
Again Jay Z wears a medallion that 99.9999999999% of the group of people being targeted don't recognize.
See how you are equating two things that don't compare to one another.
One is a symbol of the people who wanted to keep enslaving black people and who fought and killed to keep slavery.
The other is a medallion worn by Jay Z that very few recognize by a group that very few know.
Please stop with this dumb comparisons.
Cut the bulls*** already!!! Racism is racism, PERIOD!!!! If you despise it, then you should despise it equally! Furthermore, do you honestly think that the Civil War was only about slavery? You may want to look at a history book, and not the crap that they teach you in public schools.
Seriously, I don't wish to get into a neverending p***ing match over it, but I only wish to expose the hypocrisy and double standards that are prevalent today.
You aren't exposing anything.
Again right now I could show stats that show systematic discrimination against black people in housing, jobs, and in the criminal justice system.
What can you show? To show systematic discrimination against white people? Nothing.
Racism to you is Jay Z wearing a medallion you know nothing about that supposedly represents a group you know nothing about. Pathetic.
What you and others are doing is showing your own personal ignorance and biases.
Cut the bulls*** already!!! Racism is racism, PERIOD!!!! If you despise it, then you should despise it equally! Furthermore, do you honestly think that the Civil War was only about slavery? You may want to look at a history book, and not the crap that they teach you in public schools.
You cut the bs. Racism is racism where have I written anything else? I do despise it.
Jay Z wearing a medallion is not racism.
Yes the civil war was 100% about slavery. You may want to look at the DECLARATIONS of WAR of the confederate states. You know where those states laid out their reasons for wanting to secede from the US.
Including Black slave owners. Both Whites AND Blacks owned slaves. And furthermore, some slaves were both Black AND White. Now what? It's not racial oppression anymore. Both races enslaved both races.
Lol, you want to go with what exactly? Because blah, blah, blah that means blah, blah, blah.
Except the confederate flag does represent the group of people who fought and killed to keep black people enslaved. The confederate flag is a symbol of slavery of racism of oppression of evil.
You throwing around words doesn't change reality. If you are going to argue that slavery wasn't racial oppression, you are in a fantasyland of epic proportions. Good luck with your issues dealing with that fictional lie.
Wealthy and high income has nothing to do with it. The fact that they've bothered to obtain an education - either formally or through experience - and (mostly) work their way up to a position at the top of a company does. Why shouldn't someone who has made the effort to improve their skill set be rewarded more handsomely than someone who has settled for a minimum wage job?
Irrelevant! Nobody suggested raising the minimum wage to CEO levels.
I simply pointed out the hypocrisy in these arguments that any costs associated with CEO's and shareholders do not adversely impact prices.
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You've never run a business, have you? Labor accounts for anywhere from 40% to 60% of the costs of running a business, depending upon the field that the business is in.
Nonsense! I run a business and labor is 0% of my total costs.
a typical quick-serve restaurant spends about 30% of its income on labor.
perhaps you should consider the limits of your own experience
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Labor, therefore, is a huge factor in the final cost of a product. On top of that, if the suppliers of the materials that you need to make your product are also affected by a rise in the cost of labor, that extra cost is passed on to your business, and is in turn passed on to the final consumer. Supply and demand is only a small portion of the equation when it comes to the price of tangible goods.
supply and demand is the ONLY thing that matters when determining price.
Again right now I could show stats that show systematic discrimination against black people in housing, jobs, and in the criminal justice system.
Could it be that a lot of it has to do with upbringing? Having multiple children out of wedlock from multiple fathers? No stability at home? Nah that couldn't be it? But feel free in 2014 to blame white people for your own shortcomings. Which BTW there are plenty of white folks that have these issues as well.
What can you show? To show systematic discrimination against white people? Nothing.
There is no systematic discrimination of blacks in 2014.
Racism to you is Jay Z wearing a medallion you know nothing about that supposedly represents a group you know nothing about. Pathetic.
What you and others are doing is showing your own personal ignorance and biases.
I have no biases. You on the other hand blindly accept double standards and continue to lay blame on people alive today who had nothing to do with the sins of this nation's past, nor do they have anything to do in 2014 with the shortcomings of black people! So, the next time you want run your mouth and call someone ignorant, you'd better look in the mirror!
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supply and demand is the ONLY thing that matters when determining price.