Quote:
Originally Posted by Trayderjoe
Agreed. Most likely this is the first step in bring the minimum wage up further, but at levels that initially seem "ok" and will not cause an uproar. The uproar will come as prices increase to cover these additional costs. What do you think the price of a hamburger at McDonald's will be if/when they pay $15.00 per hour? Talk about providing an incentive to reduce manual labor positions. Who remembers eating at an Automat restaurant? Talk about being ahead of their time.....
|
There are many entry level jobs in Florida that are paying more than the minimum wage just to get help. The McDonalds at Colony had a sign on their window "help wanted $9.00" for weeks because they couldn't get employees for minimum wage. It's supply and demand. In a college town, a McDonalds had young people on a waiting list to get a part time job at minimum wage. Again, supply and demand. Yeah, I can remember a 15 cent hamburger.