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Take a look at Union wages in the construction sector and look for a project. You'll actually see a long time span between inception and construction mainly due to those high wages. Companies that don't have to deal with unions will usually have their projects start much earlier by bringing in construction crews from other states.
Unless you can provide some source material for that it is very anecdotal evidence, but isn't the real question Instead of insisting that a carpenter is being paid too much, why aren't we asking WHY employers in other sectors aren't paying more? This is nothing but a race to the bottom with people hating on carpenters, or cops or nurses because they still make a living wage while they don't.
To go to show how firms need to adapt look at CVS the store you mentioned.
Back in the 1960s there was a shoe store chain called Thom McAn that had 1,400 stores. Remember back to school shopping for Catholic School, girls Easter shoes, Mom wore dress shoes with pearls to go shopping, folks wore suits with shoes on planes. And Dad wore suits with shoes every day. Shoes were what we wore. Sneakers and stuff were at best a pair of white Chucks you wore to clean out garage or to play basketball.
By 1996 Thom McAn shgut down its last shoe store. But it did not go out of business. it converted the vast majority of stores to their drug store chain called CVS. It also opened a sneaker store that did not do as well and they closed it down.
It is adapt or die. BTW John Ward Melville (January 5, 1887 - June 5, 1977) was an American philanthropist and businessman active in the "Three Villages" in western Suffolk County, Long Island, New York. He donated 400 acres of land and money to establish the State University of New York at Stony Brook in 1957, which has developed as a major public research institution. Mellville Long Island is named after him. Guess what he is the founder of CVS
I don't quite remember it like that, and I'm 70. Thom McAn sold really crappy shoes, they were the equivalent of Payless shoes today. My parents were not wealthy by any stretch of the imagination but they refused to shop at Thom McAn. My dad always wore Florsheims, my mom wore Capezio flats and my brother and I wore "Buster Browns". My mother did not wear pearls to go shopping, unless we were going shopping in San Francisco she wore Capris and a sweater. My dad wore coveralls to work every day and my brother who graduated from High School in 1956 wore Converse kicks to school
Meh- It's the wave of the future, Panera Bread has had them for quite some time.
It's really no different then having self checkout at local grocery stores.
In reality it's to be expected, we as a society have created a new wave of children who are unable to socialize with a fellow human being.
Our kids are sheltered, we don't allow them to explore the world anymore because of the fear of Chester Molester.
Our current babysitters are tablets, cell phones and television.
Moms and Dads too busy trying to support a family.
I could go on and on.
In time, their time your current 5 and 6 year olds will be dealing with machines instead of humans.
That is what we will call progress and be sure we will pay a very steep price in the way we interact with fellow humans.
We were not meant to be solitary creatures, I'm quite certain the rise of depression and other Psycho/social issues will rise greatly.
At least for now we still need folks to prepare the food.
Massachusetts has one of the highest minimum wages and a Big Mac is about the same price in Massachusetts as it is everywhere else. Don't let the corporate shills fool you. Companies like McD's and WalMart aren't hurting for profits or revenue. Certain organizations should get a break from minimum wage laws such as some non-profits, museums, zoos, etc. but regular companies would have to adhere to the federal level which should be about $12.50/hr.
Massachusetts has one of the highest minimum wages and a Big Mac is about the same price in Massachusetts as it is everywhere else. Don't let the corporate shills fool you. Companies like McD's and WalMart aren't hurting for profits or revenue. Certain organizations should get a break from minimum wage laws such as some non-profits, museums, zoos, etc. but regular companies would have to adhere to the federal level which should be about $12.50/hr.
Lot's of focus on the big companies like McD's , but what about the small mom and pops that don't have thousands of shops in China and other countries. McD's has over 2,200 stores in China alone.
It's conceivable that McD's could exist as a company even without their U.S locations.
Take a look at what small mom and pops often bring in after all expenses and you will see many times it's not much more than $15 hr sometimes..especially considering these people sometimes are in their stores 60 hours or more per week.
To disincentive small business this way is a risky move.
Lot's of focus on the big companies like McD's , but what about the small mom and pops that don't have thousands of shops in China and other countries. McD's has over 2,200 stores in China alone.
It's conceivable that McD's could exist as a company even without their U.S locations.
Take a look at what small mom and pops often bring in after all expenses and you will see many times it's not much more than $15 hr sometimes..especially considering these people sometimes are in their stores 60 hours or more per week.
To disincentive small business this way is a risky move.
How many 'mom and pop' stores even have employees? The ones around here are usually run by South Asian immigrants and their extended families are their employees.
$15.00 isn't nearly enough to support a family, especially in a metropolitan area. Minimum wage should be at least $25 per hour.
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