Originally Posted by
Pilotpip
I don't think an increase in min. wage has a significant impact on the price of goods. I live in Missouri but work in Illinois. The prices for groceries are the same in both states despite Missouri's minimum wage remaining at $5.15 for years. Illinois is higher and I believe that they just raised it again.
How many people actually make minimum wage? Even fast-food joints are paying better than that. There are enough unskilled jobs out there that pay more than that to begin with and this is why I think it will have a marginal impact on the average American at worst.
Corporate greed on the other hand, is another story...
exactly, the truth is .. the fear mongering that the business lobby tries to use to keep min wage down, which is the BS that all things will become more expensive is total BS... what is true, is that their FAT profit margins will just narrow a bit, and that is what gets them worried. I've been on the owner and employee side of the fence, and a good manager can run a profitable business AND pay a good wage.. if the two are not compatible, then the business model is flawed, or there is a windfall to the ownership that is both immoral, and in the long run going to lead to people problems in retention, and quality.
A perfect example is "In and Out" burger.. They pay upwards of $10/hr to start, with better benefits packages than most pilot jobs today.. they're menu is simple, and the quality of their food is top.. YET.. they're growing like gangbusters, and they're employees are among the best paid and happiest in the industry.
Try to walk up to the counter at a In and Out and stand there.. not a few seconds will pass by before someone comes up and asks you if you need anything.. Now, do the same at the local McDonnalds or other bottom dweller minimum wage hugger...... nuff said.