Fast Food and Minimum Wage

I'd sing the same tune regardless. We know that we can not always depend on market forces to arrive at a balance between productivity and wages. Not letting wages and productivity get too far out of balance is one of the things that a good government does. Unless you own a lot of McDonald's stock or are in corporate management I would think you would be weary of indirectly subsidizing corporate salaries and dividends. That's what happens when wages are significantly below productivity. The excess profits are absorbed, ultimately at the upper end through salaries and bonuses and also through shareholder dividends.You, as a taxpayer, pay that excess profit indirectly via welfare, i.e., food stamps, etc., provided to the minimum wage worker. Bringing wages in line with productivity corrects, albeit slowly, these imbalances producing a healthier economy by lessening cost shifting. In other words, the real cost of these low wage workers is greater than minimum wage, and the cost of the difference is shifted ultimately to you and other tax payers.

Let's get on with it and bring wages into a better balance with productivity.

 

Sorry, I can't help you then. It will be obvious to most educated people.

 

Huh?

You say the current min wage doesn't match employee productivity.
You claim welfare roles are reduced with increases in the min wage.
The chart you show as your "proof" mentions neither productivity or welfare roles.

Do you have evidence of your claims or not?

 

Really? Who decides, you?

 

I see that at least Scat has provided another heart warming story. The rest of us, i'm afraid, are falling down on the job.

I've go one, but I don't want to make Y'all cry.

 

Scatti I was just wondering what your first job was. jem is this proof that there is indeed a God?

 

Legislating a minimum wage circumvents market forces and, when done judiciously, does what one would hope market forces would do but are failing to do. On the other hand, labor strikes are an example of market force, but strikes don't always work well, and can easily have undesirable consequences.

 

1) Congress does almost nothing judiciously.
2) I agree strikes don't always end well. I don't see how that proves market forces don't work. As you're asserting.

Now do you have evidence of you're other assertions on productivity and welfare rolls vs min wage? Don't tell me those are just leftist talking points you pulled out of your <s>ass</s> hat.

 

Raising minimum wage is an excercise in futility, you raise minimum wages all that happens is prices go up leaving the person in the exact same spot they were to begin with.

 

I listened to the argument yesterday that increasing the fast food wage to $15 per hour would attract a better employee, longer term of employment thus offsetting the existing revolving door scenario that currently resides costing companies heavily in training costs.

I have a better idea..... stop the perpetual unemployment benefits forcing some of these higher educated unemployed into the labor force... and let the markets take care of themselves