I think it is obvious a few extra cents for a Big Mac isn’t the end of the world. Furthermore, places like COSTCO get by paying relatively high wages but are price competitive with Wal-Mart. So that shows you prices don’t have to increase to cover higher wages.
It is kind of a false argument anyway productivity has increased astronomically but the workers share of profits hasn’t. Reformulate how profits are divided between workers, shareholders and management to 1970s-80s levels and you could solve that problem without prices increases.
In any event if that’s your argument you are already paying a higher price for your goods anyway its just that you don’t pay for it at the store it is paid in government benefits to people working in these places.
It is kind of a false argument anyway productivity has increased astronomically but the workers share of profits hasn’t. Reformulate how profits are divided between workers, shareholders and management to 1970s-80s levels and you could solve that problem without prices increases.
In any event if that’s your argument you are already paying a higher price for your goods anyway its just that you don’t pay for it at the store it is paid in government benefits to people working in these places.
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Originally posted by: rdwoodpecker
so for you that is the answer? really! Higher minimum wage will mean a higher product cost. Say McDonalds raises prices 10% cause a higher minimum wage is enacted. The minimum wage folks eat more fast food than typical so they see their new minimum wage increase being spent on higher cost of basic needs.
Originally posted by: rdwoodpecker
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Originally posted by: malibber2
Yes, hoops I think we agree on how to fix SS.QuoteGolly, so many of these problems could be solved by a higher minimum wage.
Less folks working, more on food stamps and government programs! So, how do you see the light at the end of the tunnel, cause I am having trouble.
so for you that is the answer? really! Higher minimum wage will mean a higher product cost. Say McDonalds raises prices 10% cause a higher minimum wage is enacted. The minimum wage folks eat more fast food than typical so they see their new minimum wage increase being spent on higher cost of basic needs.
