These are all bandaids for the bigger picture. This is America in a nutshell: 1) We want everyone to be middle class coming out of college. Having a lower class is unacceptable. This includes: -Everyone to be living in modern homes. -Everyone driving cars less than 5 years old. -Everyone able to have a couple vacations a year. -Everyone to afford nice new toys. -Everyone to be able to afford any types of food. -Everyone to have top tier television, internet and wireless service. -Everyones kids go to top tier schools. 2) We want to have a booming economy, nonstop. 3) We want to have the biggest and strongest military. 4) We want the best health care in the world. 5) We want the whole world to marvel about how we set the bar on how every other country should be built. When you put it down on paper, it seems pretty ridiculous to expect all of this, but the reality is, its exactly what some believe. If we are to remain a great country, we need to allow the doors to be open for all. We have done a great job of that over the last several decades. However, we can't force people through this door.
The funny thing is that what the university of Chicago study says. People just buy healthier options when fast food goes up in price.
Questions for the opponents of raising the minimum wage. Please explain why we don't have much lower rates of unemployment now then we did in 1970, when the minimum wage had approximately 50% more purchasing power in real dollars?-- since they are alleging an increase would lead to higher rates of unemployment? Also please explain how it is a great thing for society to encourage low profit small businesses that can't pay a decent wage, but must have their employees subsidized by food stamps and other types of government assistance? If we think it so valuable, why the disguise? Just give them money directly so that it is clear that we are subsidizing the business owners? Even if we have sympathy and believe small businesses should be encouraged, what does that have to do with Walmart and McDonalds?
Because countless variables influence the unemployment rate. But it's basic math that if a person's labor is worth less than minimum wage, they are unemployable (unless they are taken on at a loss with the hope that they will develop skills in the future). It is a great thing to encourage free enterprise, not any business in particular. Walmart and McDonalds have done more for the poor than any of us ever will. The ability to shop and eat there at low prices saves people thousands of dollars each year, a disproportionate benefit to the poor. But we need not have any special sympathy toward them, only admiration. Their shareholders have been handsomely rewarded for the value they provide to customers. If you force them to pay higher wages, you force them to charge higher prices. It's why the dollar menu no longer exists.
Education does not equal long term solution. Kerala in India has one of the highest education rates in India, but it has one of the highest rates of unemployment. With automation you don't need a lot of people. Especially tech wise.
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It is neat. But what does it have to do with this topic? Do you need pretty pictures to tell you that high industrious areas increase supply and demand, which increases the cost of living, which increases the cost of wages? And in less industrious areas, its inverse? $100,000 a year in NYC is no where the same as $100,000 i rural BFE.
Yeah, it's pretty easy to make claims of how these businesses can still make it when it isn't your job to make that happen and when it isn't your money.
I have posted statistics and links on the percentage of the price at fast food restaurant chains that is due to labor and it is around 25%. Research previous threads with link to business articles backing this up or perhaps try google to obtain some actual data. Yes, not all fast food restaurants are chains and not all restaurants run on the brutal labor efficiency of say McDonalds. It is pretty easy to rest your laurels on making trite statements such as; t's pretty easy to make claims of how these businesses can still make it when it isn't your job to make that happen and when it isn't your money You should occasionally consider some research or perhaps links to support your posts.
It's pretty easy to rely on data in the abstract. You should try operating a small retail food establishment with razor thin margins before you post how easy it would be to increase costs and thrive. You just assume that prices can go up and there won't be a problem., what about price elasticity and the like?
You should just entertain the idea that academic or other studies concerning such facts as the percentage of cost due to labor in a McDonald's burger could be more accurate than your gut or general ideas you acquired from Fox type media or perhaps your upbringing about the impact of increased wages on prices at a store or restaurant.
Don't forget they have their gut instinct. In addition any spin helpful to rich folks hanging on to their money is so well distributed that it appears as just "common sense".
