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I saw an article linked by @JayMysteri0 (on a popular Mac rumor website) concerning restaurants and wages, and it made me think about minimum wage in America. I found this interesting quick take:
I've always found that an interesting complaint. Businesses need to raise their prices to maintain profitability & stay in business, because of ever rising costs during the past few decades.I saw an article linked by @JayMysteri0 (on a popular Mac rumor website) concerning restaurants and wages, and it made me think about minimum wage in America. I found this interesting quick take:
Didn’t I read somewhere that many Wal-Mart workers are also on food stamps just to make ends meet? Pay wages far too low for people to survive on, and rely on the government to fill the gaps.I've always found that an interesting complaint. Businesses need to raise their prices to maintain profitability & stay in business, because of ever rising costs during the past few decades.
YET those same businesses can't raise wages for their employees to keep up with ever rising costs, or they will ALSO got out of business.
Curious, who do businesses think their continued customers are? If you raise your the prices of your wares, but don't want to raise the wages of employees, who's going to pay for those wares?
The long time complaint concerning Wal Mart is of course that it's a company owned by the richest family in America, but their company's employees are amongst the top beneficiaries of welfare benefits.Didn’t I read somewhere that many Wal-Mart workers are also on food stamps just to make ends meet? Pay wages far too low for people to survive on, and rely on the government to fill the gaps.
With such a wonderful deal, you wonder why they support Republicans who want to kill all social safety nets. Maybe they think if they eliminate that, it will lower their taxes and they can force workers to do 80 hours a week?
With the rising costs of childcare, many couples are deciding to only have one member work. I wonder if that‘s part of this. Fewer workers overall, and the ones who are working need to pay all the costs for the family, so they’re not going to waste time on a low-paying job.
The government certainly isn’t going to act on a minimum wage anytime soon. Luckily capitalism seems to be pushing up wages on its own… much to the chagrin of the wealthy who only ever expected capitalism to benefit them and not the proletariat.
Walmart and McDonald's are among top employers of Medicaid and food stamp beneficiaries, report saysWalmart and McDonald's are among the top employers of beneficiaries of Medicaid and food stamps, according to a GAO study commissioned by Sen. Bernie Sanders.www.cnbc.com
- Walmart and McDonald’s are among the top employers of beneficiaries of federal aid programs like Medicaid and food stamps, according to a study by the nonpartisan Government Accountability Office released Wednesday.
- The question of how much taxpayers contribute to maintaining basic living standards for employees at some of the nation’s largest low-wage companies has long been a flashpoint in the debate over minimum wage laws and the ongoing effort to unionize these sectors.
What, and perhaps not to be able to afford the corporate jet, the 16 cars, the nannies and au-pairs & other wait staff, the 8 vacation homes or the 3 country-club memberships?So if the CEOs of these companies only gave themselves, say, a million dollars a year, they could afford huge raises for all their employees.
I remember working at McDonald’s in the 90s. We all laughed when the “hiring” sign said “competitive wages” which were $4.30 compared to the minimum wage of $4.25. Ah yes, very competitive, when one’s competition is the minimum wage itself...2004 I worked for Wal-Mart in the TLE department in a midwestern state. I made $4.50/hr (if I remember right) in the TLE department. I was told we were the highest paid employees at that particular Wal-Mart besides the loss prevention.
Simply put, if you worked at Wal-Mart, that wasn't your only job. It couldn't be. lol.
The best jobs were the auto steel plants. But those were closing left and right (I actually lost a job - without warning the plant shut down - at a steel plant - making almost $13/hr - 2004 - midwest). Best thing that happened to me - pushed me to California for work. But at the time it devastated tons of people in the surrounding towns.
I believe at one time I heard that if they gave every employee a $1K each just for funsies, I mean EVERY employee, the family wouldn't even notice it in their wallets. I forgot what the other factoid was, but basically if Wal Mart simply improved the pay of every Wal Mart employee to the point of improving their lifestyles, the Walton family would NOT notice it in their wallets. That's what makes it so despicable.So if the CEOs of these companies only gave themselves, say, a million dollars a year, they could afford huge raises for all their employees.
They have about 1.6M employees, if you divide them into concurrent 4 shifts that's 400K people working at the same time. They could bump worker's hourly by $5 and still make $2M an hour. If this is true.This is a family that I think I last read makes $4 million dollars an hour, but their employees need gov't assistance. Because that's how the Waltons can make that much an hour by offloading the means of survival of their employees on the US gov't.