See other Business/Finance Articles
Title: McDonald's response to the $15 dollar an hour minimum wage
Source:
[None]
URL Source: [None]
Published: May 28, 2015
Author: Interwebs
Post Date: 2015-05-28 09:46:33 by Jethro Tull
Keywords: None
Views: 1772
Comments: 88
(1 image)
Post Comment Private Reply Ignore Thread
Top • Page Up • Full Thread • Page Down • Bottom/Latest
Begin Trace Mode for Comment # 6.
#2. To: Jethro Tull (#0)
I have asked this question many times from those that decry unions, minimum wages etc etc... If union and wage laws were repealed, would the hourly rate go up, remain the same or go down????
Some of each, imo.
If the law does not allow lesser wages and does not prohibit greater wages, one has to wonder why 99 per cent of employers have no employees warranting more than minimum wage.
#9. To: Cynicom (#6)
(Edited)
Some jobs are just meant to be entry level minimum wage jobs. In other cases, employees that have worked years to rise slowly and slightly above minimum wage are being reset back to minimum wage, or very close to it, every time that minimum wage is raised and they don't get a comparable cost of living increase in their wages too. No matter how much minimum wage is raised, it is still just minimum wage. Businesses can simply increase their prices by the percentage of increase, regardless if they have just one or very few minimum wage workers, and they profit much from the rest of their staff's earnings staying the same (thereby losing more and more of their percentage margin above minimum wage each time). Businesses make a big show of grumbling about it but they are actually being enriched each time by that raise robbery sleight-of-hand scam and its resultant virtual rollback of their longterm/above minimum wage workfore closer towards entry level payment where they started.
Top • Page Up • Full Thread • Page Down • Bottom/Latest
#4. To: Cynicom (#2)
If union and wage laws were repealed, would the hourly rate go up, remain the same or go down????
#6. To: Lod (#4)
Some of each, imo.
Replies to Comment # 6. If the law does not allow lesser wages and does not prohibit greater wages, one has to wonder why 99 per cent of employers have no employees warranting more than minimum wage.
End Trace Mode for Comment # 6.