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No, they don't have to, if cheaper labor is available. And it is available. And no, other businesses won't replace them in CA, because their production costs a
by imaginenore 10y ago
No, they don't have to, if cheaper labor is available. And it is available.
And no, other businesses won't replace them in CA, because their production costs are higher the moment they start the production. It's basic economics.
And then there are robots.
- youdontknowtho 10y agoThat's one way to look at it. There are examples, though, of states with higher minimum wages out performing neighboring states with lower wages. Businesses like this can only operate because taxes are used to subsidize their employee's lack of a living wage.
- Hondor 10y agoIt doesn't make sense to demand businesses give money away any more than it makes sense to demand that random people do. Do you want me to give away most of my income too because some people are poorer than me? Are you setting an example of that yourself? If you aren't proposing that businesses give away free money, are you instead saying that the government should reduce what it gives away in social welfare for low-wage workers? That could make low wage jobs unworkable if workers can't afford to actually commute to work or live nearby. That would in turn force wages up.
- youdontknowtho 10y agoActually, yes. Yes I do. And yes, I actually do. I don't take income tax deductions for charity payments, even if they are available, and I don't look for creative ways of lowering my tax bills. I think that I, and people like me, should pay more --proportionally -- to lower levels of inequality before it rips the republic apart. The wealthy actually have the best of all worlds currently. Lower taxes and high government expenditures mean that the government actually has to borrow the money from them to subsidize those low wages. Instead of just taxing them, the government now owes interest. I think that the wealthy have begun to believe their own bullshit and it's dangerous. Democracy should be used to fix the situation before it becomes worse.
- hueving 10y ago>There are examples, though, of states with higher minimum wages out performing neighboring states with lower wages. What does "out performing" mean in this regard? Tax revenue, GDP, and employment could all be very high in a state where the majority of people are living worse off than people in other states because of a massive cost of living. Maybe you could just provide some references to these examples?
- youdontknowtho 10y agoI'm actually at work and can't really do that at the moment, but you should feel free to take that as some kind of lie that I'm using to make up for not having proof.