Quote:
Originally Posted by Guest
What happened to the past help when the minimum wage went from $1.50 over the years to $10.00???
Very, very simple. Increased wages = increased cost to suppliers = increased prices to consumers = need for more increased wages to compensate for the new increased prices = increased cost to suppliers = increased prices to consumers = need more increased wages.
GET IT?
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Based on this analogy, how does anyone explain the success of Costco? There starting minimum wage is $15 compared to Sam's $7.00 per hr. Given a choice of shopping at Costco or Sam's, which store would provide better customer service, the store paying a decent salary or the store paying such a pitiful salary that it's employees qualify for food stamps?
And how do the prices at these two stores compare?
Another good example of stores being able to pay a living wage is Publix. They have always paid well and provide full benefits, including health care and stock options. Publix is always ranked as one of the best employers in Florida. If their prices were out of line, they would not be able to stay in business.