On May 3, 2014 at 09:52, BigPapa said...
Not only does it not make any sense, stuff like
this completely destroys that argument.
And an across the board increase of minimum wage completely destroys that article as it completely ignores the chain of labor supplying WalMart. Or do only WalMart employees deserve $12 an hour and not any of their vendors employees? The cost of product coming in would increase right up through the chain.
You can't post an opinion piece that examines a sole entity in microcosm ignoring all other external forces and tout it as definitive proof that it's as simple as "making the pie bigger".
Instead of mandated minimum wage increases, I'd much rather have the low wage behemoths charged back for the amount of public assistance that their employee's receive. I believe that would quickly remedy McD's, Wal-Mart's (and their ilk) artificially low tax subsidized prices and drive wage increases without a mandated minimum wage increase.
If increasing minimum wage works benefits as some speculate I'd be all for it. I'm just skeptical.
Last edited by Fiasco on May 4, 2014 08:35.