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REPORT COPYRIGHT VIOLATION IN REPLY
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Message Subject
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Minimum wage now $9 an hour!!!!
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Poster Handle
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Anonymous Coward |
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Post Content
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This is true but there are other ways the business could offset the rise in the cost of labor. Specifically, I am talking about the business owners taking a hit. I understand the economics of it. And I am also talking about morals and ethics. Bad times seem to always be passed on to the employees.
For example, if you are a sole-proprietor and you are sucking out $100,000 a year for your income; then you should take the hit in bad times because it was most likely due to the business owner's decisions. Why should all the employees suffer? Maybe the owner could only take $50,000 a year instead of $100,000, then take the rest and keep the employees at the same hours and pay.
Or when a CEO runs a company into the ground and makes 2000% what an entry level employee makes. How could any decent human being sleep at night after doing that?
Quoting: Anonymous Coward 11574345 Employers need employees, if the employee is valuable then they can transition to another company for more or less pay. The employer then has incentive to pay them more to retain their labor. What don't you understand about that? How does using government force to mandate what must be paid help the situation out at all? It just makes less jobs available overall to people who are in the minimum wage bracket. The problem is nanny state mentality where people think the government can solve all these problems. Well let me wake you up, the government will make all kinds of promises and won't give a damn about whether the policy works or not, if the economy ends up losing overall they throw it on the public credit card (debt) which everyone will eventually pay, if there is no money then the payment is bankruptcy. BTW CEO's make 2000% of what entry level employees make because of excessive government regulation usually. Again, its government interference in the economy that causes most of the problems. .
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