State of the Union: An exercise in truth stretching

[Kane]

Not necessarily. Prices have lots of downward pressure right now (Producers are eating increasing costs of commodities in some cases) in order to stay competitive with one another and/or to maintain volume/revenue. Plus, many stores with jobs that would be affected would already likely be paying more than minimum wage to their employees anyways (Example in CA: Checkers at Safeway make more than minimum wage - bag attendants might not, not sure). Same with food preppers at a fast food joint. The places primarily involved in hiring minimum wage employees are typically dependent on low price points to begin with to maintain and increase foot traffic. It's not in their interest to increase prices more than other competitors so if one company eats the cost of paying their employees more and does nothing on the price point side of things their profitability might decline if traffic stays the same but if a competitive advantage can be had then there's potential to make more money by appealing to more consumers.

That's just one facet of how minimum wage can work too. Thedude has far more knowledge on the topic than I.

[Davethulhu]

[Indy]

IIRC correctly Walmart purposely forces their workers onto... Medicaid to avoid paying medical benefits.

Yeah, "forces."

Where's the whining about "force" now?

Oh and BTW do you know what that means JKG? That means YOU are paying for their healthcare--since I know you're all about line-item complaining regarding where your tax dollars go.

Where is the outrage now?

*crickets*

[Precocity]

[The Dude]

[The Dude]

[The Dude]

[Davethulhu]

[Precocity]

If minimum wage is tied directly to inflation then I wouldn't have any major objections. The only concern I would have is if they end up fueling each other keeps driving the cost of living up.

[The Dude]