what does one have to do with the other? Businesses don’t exist to pay employees, then exist because they are able to provide a product or service to a customer while making profits for shareholders. Replacing front line employees with kiosks or other automation is a function of that efficiency. At some point it just becomes more efficient to replace them whether the company has $10 or $10,000,000,000 in profits. And yes while good for shareholders it can simultaneously be disastrous for those min wage employees.
i believe all jobs with unions fall into that category, not just the USPS, just ask the UAW workers on strike.
I know. Not trying to be a jerk about it, just that we benefit in various ways from having some "socialism" in our lives, no?
Yes, I am. No, but it doesn’t have anything to do with this. See the numerous other replies to your nonsense.
I’m not sure how to define reasonable, but I can reasonably guess that the impact of $20 in the coastal urban areas will be minimal, as they are already paid close to that, but rural areas away from the coast will be impacted more. How much profit they make is mostly irrelevant. What is relevant is how the minimum wage impacts the supply and demand dynamic, vs choices such as automation, which in theory would be the same whether they have 6 million in profits or no profits.
That was simply because the OP referenced "fast food workers", and McDonald's came to mind. I realize most are franchises, and that while the franchisees do quite well, they are not as a rule mega wealthy. However, they ought to demand a modification of their franchise agreement so that workers receive a fair wage, whatever that might be. I'm sure some have. I'm a capitalist and have done better under that system than the vast majority of Americans. However, I have always firmly believed that wealth ought to be shared more equitably among those who also helped create it. Not only is it the Christian thing to do, it's smart business in the long run. I also believe income inequality is a serious concern. Indeed, it, not wokeness and other deflections, it is one of the main causes of the frustration and anger among our citizens
$20 minimum wage is ludicrous and only hurts the low income. If anything it only empowers those with more means. Prices increase. Those who are high income remain high income and those who are low income remain low income. Those who were trying to get out of being low income get hammered with the inability to keep up. A true capitalist believes in no minimum wage. They understand that labor is one of the main costs to doing business and a very important part of business. Therefore they will properly take care of those that work for them in order to achieve their desired outcome. Some professions demand more than others. But a smart business will pay what the job they are offering is worth. We do not need manufactured wage inflation by the government in business.
Even conceding that a $20 an hour minimum wage may be somewhat excessive, that's the argument that there should not be any minimum wage at all i.e. that the minimum wage eliminates jobs for low income workers. Except for maybe the extreme margins that's not really the case. Research Shows Minimum Wage Increases Do Not Cause Job Loss A series of studies by the Institute for Research on Labor and Employment (IRLE) beginning in 2008 significantly advanced the research on minimum wage employment effects. Minimum Wage Effects Across State Borders compared all neighboring counties in the U.S. located on different sides of a state border with different minimum wage levels between 1990 and 2006 and found no adverse employment effects from higher minimum wages. The 2009 IRLE report, Spatial Heterogeneity and Minimum Wages: Employment Estimates for Teens Using Cross-State Commuting Zones, found “no discernable disemployment effect, even when minimum wage increases lead to relatively large wage changes.”
With all due respect, you are not well versed in America's economic history and how workers have historically been treated. I'm all for the capitalist system - it's made my family wealthy - as long as it's regulated. When it's not, those with wealth and power and they usually (not always) seek to maximize their profits at the expense of workers. It's that way all over the world.
Denmark has no minimum wage. Granted they have unions for everything and their set up would not work with 300 plus million people…
Pure nonsense. I guess your family is one of the exceptions for the wealthy? People become wealthy by creating and providing for others or working for wealthy people who provide them a job to become wealthy. Your family became wealthy the same way.
Hey, as long as they can add more union members to their roles it's a win for the Democrats. The Dems are good at losing jobs for wage increases... just look at our automobile industry. More wage increases in manufacturing meant more lost jobs, however, in the service industry it means more automation and loss of jobs.
It's three or four years old. That being said there is still a huge difference between average current wage of McDonald's in the US of around $13.00 an hour to the $20 plus earned by customer service personnel at McDonald's in Denmark.
As someone said, you can tell a man's character by how he treats those below him (economically), and, I would add, the extent to which he lives his religious beliefs.
What in the world are you talking about? It appears you are just envious of those with more than you. Which is sad considering you acknowledge you and your family have wealth!
