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Tiny changes at the margins absolutely drive decision making. It's not about "company x is making $y so they should have to pay $z." Companies will pay what the
by austenallred 9y ago
Tiny changes at the margins absolutely drive decision making. It's not about "company x is making $y so they should have to pay $z." Companies will pay what they have to in order to get what they need. If that thing becomes more expensive they may look elsewhere.
- CalChris 9y agoCompany McDonalds made 1.47 per share (815M) shares so, yeah, they should have to pay a minimum wage. In Oakland CA where I live, that's currently $12.86 and McDonalds has not left town. I'm well aware of the microeconomics argument. It is basically ceteris paribus except that all things aren't equal. You're leaving out a lot of the beneficial aspects of a MW such as more money spent by the wage earners. You're also ignoring a tremendous amount of empirical experience with MWs around the world. In particular, Red States with low MWs, basically at the Federal minimum, aren't economic miracles. http://minimum-wage.insidegov.com/ http://minimum-wage.insidegov.com/
- austenallred 9y agoSurely you realize that McDonalds is a franchise? Therefore that company isn't paying the wages of workers, it's the local franchisee.