...minimum wage...Minimum wage is earned by students, senior citizens, and underachievers.
"....we now live in the greatest time period since the creation of planet earth"-stupid Tet.
...minimum wage...Minimum wage is earned by students, senior citizens, and underachievers.
Nice victim blaming. Why's the prevailing attitude in this country always seems to be "if you're poor, it's your fault"?
Fast food workers want to make a fast buck!
Anyone who thinks fast food is a career unless you are management is missing some facts.
As you stated the free market system works well.
Demanding wages not earned is greed
I don't care what that rotten little sociopath thinks or says, which is why I have him on ignore.
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Henry Ford didn't raise the minimum wage.
Henry Ford didn't raise the minimum wage.
But Ford demonstrated that the "raise wages, lose jobs" mantra was completely wrong. And that is why unemployment does not rise when the minimum wage goes up.
This is why In-N-Out has a low turnover rate and have many more people apply than they can hire. Everyone knows In-N-Out pays the highest wages and young people want to work there.The Story of Henry Ford's $5 a Day Wages: It's Not What You Think
From the link:
"But in any case there is a fundamental flaw in the argument: Surely the benefits of low turnover and high morale in your work force come not from paying a high wage, but from paying a high wage “compared with other companies” — and that is precisely what mandating an increase in the minimum wage for all companies cannot accomplish."
This is why In-N-Out has a low turnover rate and have many more people apply than they can hire. Everyone knows In-N-Out pays the highest wages and young people want to work there.
If they raised the minimum wage so that all fast food people made the same wage, do you think In-N-Out would still have low turnover?
"But in any case there is a fundamental flaw in the argument: Surely the benefits of low turnover and high morale in your work force come not from paying a high wage, but from paying a high wage “compared with other companies” — and that is precisely what mandating an increase in the minimum wage for all companies cannot accomplish."
Wages at other auto manufacturers went up in self-defense.
It's obvious you didn't read the article.
Another excerpt from the article:
"The $5-a-day rate was about half pay and half bonus. The bonus came with character requirements and was enforced by the Socialization Organization. This was a committee that would visit the employees’ homes to ensure that they were doing things the “American way.” They were supposed to avoid social ills such as gambling and drinking. They were to learn English, and many (primarily the recent immigrants) had to attend classes to become “Americanized.” Women were not eligible for the bonus unless they were single and supporting the family. Also, men were not eligible if their wives worked outside the home."
Good luck with the "learning English" part, not to mention the abstaining from gambling and drinking.
I tell you what. I'm all for a minimum wage hike if the recipients have to learn English, and refrain from gambling and drinking.
How about you?
I tell you what. I'm all for a minimum wage hike if the recipients have to learn English...
i wonder how many negros and jews he hired? :think:
Precisely.Today Fast Food workers all across America are protesting demanding to be paid more.
http://hosted.ap.org/dynamic/storie...ME&TEMPLATE=DEFAULT&CTIME=2014-09-04-09-39-16
This is a battle they will not win. After all..... even if they win.... they will lose.
It's fairly simple..... if we force private companies to pay a wage that is above what the market demands, companies will be forced to employ less people and fire folks that might normally be needed and employed.
And even worse.... If the minimum wage is inflated, companies will raise prices to accommodate the new wage thereby raising the cost of living and making the new wage less valuable.
It's self defeating to fight against the free market.
You do understand that fast food jobs are part-time, and thus not an eight hour a day job, right?Anyone who gives a full measure of their day (8 hours or more) in exchange for wages should be able to live on those wages. They should be able to afford a reasonable place to live, reasonable means of transportation and communication, food, clothes, and basic health care.
Actually a raise in minimum wage would increase prices all over, including that of the things you listed; because almost everyone would end up having to raise their wages. Either that or they wouldn't be able to pay the difference in regard to minimum wage that they were before the increase.Yes because the only component of the prices is wages?
The cost of burgers and other fast food come from
- food stuffs
- rent
- taxes
- wages
- marketing
- other business overheads
- profits and shareholders dividend
So you argument that there is direct correlation between wages and prices is false?
A 5% rise in wages will lead to less than a 1% rise in burgers in most cases.
The key argument here is who reaps the reward the investor or the worker?
I think in a fair world that is mixed and balanced, with both worker and investor reaping rewards.
:thumb:Correct, goods and services increase on average double when its increased and any gain then becomes a loss and people end up with less overall after that happens.
A fast food job is not intended to be a career move unless the persons aspiration is management there - they make well over minimum wage.
A fast food hourly job is not intended to support a family.
The job isn't worth what they're getting paid now, to be honest. I know I did it for almost two decades. And in every single job I was surrounded by people who didn't care enough about the job to even try to make themselves valuable and irreplaceable to the company so as to actually earn more and get raises and/or promotions.So, the people who cook and serve the food don't earn their wages? The people who own the building earn it all. In other words, the rich are generous and the poor are greedy.
If he really didn't care about your words he wouldn't have you on ignore.
Of course unemployment doesn't rise when employers willingly pay higher wages, nimrod.Barbarian observes:
Theoretical economists were shocked when Henry Ford paid his workers double the going rate. Henry wasn't doing it out of kindness; he was an autocrat, who detested unions.
He simply realized that he could sell more cars, if there were more people able to buy them. This is why the economy repeatedly defies supply-side economists, and doesn't tank each time the minimum wage goes up. In fact, there's no discernible trend at all from raises in the minimum wage.
He merely showed that raising wages didn't have an adverse effect. When he did that, he increased his market share over other manufacturers and got richer.
Ultimately, his competitors gave in and did the same thing. He was able to raise wages the industry because it had a limited number of large corporations. And it prospered, even though autoworkers were more highly paid than other industrial workers. Ironically, only after real wages declined, did the auto industry decline.
But Ford demonstrated that the "raise wages, lose jobs" mantra was completely wrong. And that is why unemployment does not rise when the minimum wage goes up.
It's obvious you didn't read the article.
I tell you what. I'm all for a minimum wage hike if the recipients have to learn English, and refrain from gambling and drinking.
How about you?
it's a good thing because it has a good effect on the economy.