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05-22-2021, 06:54 PM
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Gold member
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Join Date: Mar 2013
Posts: 1,332
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Quote:
Originally Posted by jimjamuser
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.
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NO minimum wage increase in 30 years?
Try 12:
History of Federal Minimum Wage Rates Under the Fair Labor Standards Act, 1938 - 2009 | U.S. Department of Labor
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