Commanders Post at The Warpath - View Single Post - You mean minimum wage hikes come out of *our* pockets?

That Guy · 05-19-2016, 10:15 AM

well, even when i was in high school, McD's here was paying $9 when minimum was $6, cause that was just the going rate to get employees in fairfax/springfield.

ben and jerry's pays $20/hr to their employees (because the owner doesn't feel that the 383:1 ratio between the lowest/highest earners in some companies is morally right). of course, they have supermarket sales to subsidize their storefronts.

smaller companies would probably have a harder time just due to basing their businesses on current labor costs and generally being lower margin (since they don't get scale economies).

I don't know that i have a real point or opinion on it honestly. fast food is already at $8/meal around here, and that's a pretty bad value, so i avoid it. i think that's the only real place where it affects me personally. obviously a big wage bump would also cause inflation on some scale too, but that's harder to judge.

05-19-2016, 10:15 AM	#24
That Guy Living Legend Join Date: Jun 2004 Location: VA Age: 42 Posts: 17,620	*Re: You mean minimum wage hikes come out of our* pockets?** well, even when i was in high school, McD's here was paying $9 when minimum was $6, cause that was just the going rate to get employees in fairfax/springfield. ben and jerry's pays $20/hr to their employees (because the owner doesn't feel that the 383:1 ratio between the lowest/highest earners in some companies is morally right). of course, they have supermarket sales to subsidize their storefronts. smaller companies would probably have a harder time just due to basing their businesses on current labor costs and generally being lower margin (since they don't get scale economies). I don't know that i have a real point or opinion on it honestly. fast food is already at $8/meal around here, and that's a pretty bad value, so i avoid it. i think that's the only real place where it affects me personally. obviously a big wage bump would also cause inflation on some scale too, but that's harder to judge.