View Single Post
Old 05-19-2016, 10:15 AM   #24
That Guy
Living Legend
 
That Guy's Avatar
 
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.
That Guy is offline   Reply With Quote

Advertisements
 
Page generated in 1.40584 seconds with 10 queries