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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