Re: $11 minimum ?

Posted by wisbaker on January 13, 2018 at 13:30:24 from (173.30.37.8):

In Reply to: Re: $11 minimum ? posted by Andy Martin on January 11, 2018 at 15:19:08:

Good old Sam Walton started WalMart in small towns that the big boys didn't want to play in, after he built up a strong business then he started moving into the bigger markets and going head to head with the
folks that were laughing at him for putting stores in cites of 10,000 or less. As far as them setting a new hiring wage, that's not a minimum wage, it's a wage they choose to set and the announcement I heard
about it was they claimed that most of the money that financed the wage increase was coming from the reduction in taxes under the new tax bill (yet the anti-Trumpers and "Greedy Mean Corporation" types are
insisting all the money the government "gave" corporation will never be seen by the poor or even average Joe).

Now let's talk about minimum wage, I currently live in North Central Iowa and minimum wage is a moot point, most laces pay at least $10.00/hour, heck our local McDonalds advertises $12.50/hour to start.
Why? Because the demand for labor has outpaced the supply and if a business wants to actually get employees that will show up and work they need t pay a bit more, that's pretty much how it works, it's not
the government directly causing it it's trickle down economics, businesses see the potential for profit and they have increased their wages in the attempt to attract people of significant quality to make
their business plan work.

The back side or the interesting thing about wages in America? A lot of the prosperity of the last century was the result of the automobile and the effects it had on out society. Henry Ford made a broad
play and increased the wages at his assembly plants, an action that at first seemed illogical, but in the long run did an awful lot to increase the size of the market for the automobiles he was producing.
Was he irrational or a genius? In some aspects he was an early SJW (Social Justice Warrior) and wanted to use his company to improve the lives of people and their communities and in many respects he did but
also happened to make himself very rich in the process.

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