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Or, as has been shown previously in this thread will close down a business when they can't raise prices enough to cover the higher costs.
So when the 100% price increase scare mongering fails miserably, the next scare mongering tactic is mass unemployment? Look at countries with much higher effective minimum wage than America. Why are far more people working in Denmark, Switzerland or Australia if its so horrible for businesses there with their high effective minimum wage?
Has it crossed your mind that when low income people have more money in their pockets, they will spend it, and they will spend it locally (unlike the rich who spend much of it abroad)? Has it crossed your mind that higher wages and benefits also reduces employee turnover?
Why $15? Why not $14.25 or $16?
Is there some math that proves $15 is ideal for the entire country or does "Fight for $14.25" just not have a good ring to it?
Obama proposed $10.10 which seems cheap now. GOP opposed Obama. So left coast states took it upon themselves. Wages are higher in general there, so $15 caught fire.
My 1st job was at 14 and i worked at McDonalds for $5.10/hr. i thought that was millions, lol.
My 1st real job and only employer out of high school was the railroad and I started at $6.00 an hour and minimum was $2.65 my friends who went to college had to go back to there hamburger jobs because the shoe factories and steel mill closed.
You should probably first understand your own arguments, as you have pointed out people making $15 an hour will now be able to bargain for higher wages. That is not included in the 4.3 percent increase. Those employees are a small portion of the labor costs to get that food into your hands, there is much longer chain of employees before it even gets to the restaurant. Truck drivers, gas station attendants, meat processing plant workers, on and on...
You have a choice Mike, you can either stick with your original argument and throw this study in the trash or stick with the study which would imply no one else gets a raise.
I learned through the decades of my employment that all my raises through new contracts were just gobbled up by the Union % for their fair share,groceries fair share,gasoline fair share,so forth and so on ... really that raise was no raise at all just keep pace with the Jones's!
That study selected McDonalds due to the sheer volume of sales. The greater the volume, the smaller the impact.
That's another thing and they don't sell many $3.99 Big Macs. I'm sure most people do what I do and go for the two Jr Whoppers and two fries for $4.99....
Even if were to assume 4.4% increase on a $3.99 Big Mac what that implies is 95.6% is profits and other coststhat will rise. Last I checked the profit margin at Mcdoanld's is extremely slim because they rely on volume.
Because if you raise minimum wage to $15, everyone earning more than the current minimum wage but less than $15 is angry at you. This is a significant number of people.
Because if you raise minimum wage to $50, everyone earning more than the current minimum wage but less than $50 is angry at you. This is now a large number of people.
Because if you raise minimum wage to $100, everyone earning more than the current minimum wage but less than $100 is angry at you. This is now even a larger number of people.
Businesses everywhere are not voluntarily paying higher wages because they have to compete with other businesses. Paying higher wages means a business must either raise prices (decreasing the competitiveness of said business) or accept lower profits (something unlikely in a selfish world).
You mix up "selfish" with "responsible." You have a victim mentality and no desire to rid yourself of it at all.
NONE.
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