Talk of The Villages Florida - View Single Post - $3,000 per month
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Old 05-22-2021, 06:39 PM
jimjamuser jimjamuser is offline
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Quote:
Originally Posted by Bill14564 View Post
You are retired, right? The thinking behind that analysis is truly frightening.

If the Govt. had chosen to continue to pay $600/week then would you now be advocating a $30/hour minimum wage?

And as others have pointed out, enjoy that $20 burger.
Once a $25 minimum wage was paid a hamburger MIGHT (?) go up by a dollar, like from $5 to $6. It is up to ownership and their managers to keep the price about the same by either greater efficiency, accepting a lower profit margin, lowering other costs, or going out of business - and allowing a MORE efficient ownership to take over. Or, perhaps, the customer might be willing to pay more, but that is the least likely.

There has NOT been a minimum wage increase in about 30 years - meanwhile, the GNP and efficiency soared. The rich and the ownership class took advantage of no unions and legal and illegal immigration to screw over US workers. They employed an army of lobbyists and controlled the Chamber of Commerce in an effort to prevent worker satisfaction for at least the last 30 years.