Posted by Edd in Ky on March 09, 2014 at 08:43:20 from (98.23.60.13):
In Reply to: RE:Deleted post posted by oldtanker on March 09, 2014 at 05:02:19:
Hey guys, I appreciate the intellegent discussion on this subject. Let me throw in something that has been in the news lately. I am not taking sides but it is something to ponder.
I have always been dead set against a “minimum wage” thinking you should get paid what you are worth, and if you are worth more someplace else, then go work there.
But recently a very staunch conservative friend of mine said to me “Oh so you are for subsidies to big corporations?” Me…. “No Way Jose!”
So he explained his view. Most of those minimum wage workers also get some kind of a subsidy from the taxpayers (you and me) , be it food stamps, Medicaid, low wage rent subsidies etc. So their low wages come at a cost to me the tax payer. Therefore, the hiring company gets the low cost benefit, and I (taxpayer) get to pay for it, whether I eat at McDonalds or not.
Wal-mart has 2.2 million employees. McDonalds 500,000, KFC/Taco Bell 500,000. Wal-Mart and McD are in the Dow 30, America’s most profitable companies. The McDonalds franchise holder is usually the richest guy in town. (comparison At its peak GM had 500,000 employees worldwide).
His point was….”Why not let them run it like a real business, pay the real total price for their labor and then let the market decide if we want to buy their products at its “TRUE” price?
Other side is that without those jobs some of those folks would be 100% on welfare, foodstamps etc ??????
Would Walmart and McD shut down if their cost of labor was $3/hr higher…I don’t know.
Kids under 21 could be exempted.
Anyway….It was a viewpoint I had not heard……..He got me thinking.
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