It's not about the price of a hamburger.
It's not just about food workers "earning" $15/hr.
It's about the "Living Wage" movement.
Say they get what they want. If money were the only consideration, anyone making less than the new minimum (sorry if that's jumping too far ahead for you) would be foolish not to seek employment with McDonald's.
Employers in other industries which currently have workers happily earning 10-16 dollars per hour will be hearing cries of; "I could make more cooking burgers" and "I'm not making much more than a burger flipper!"
Payroll taxes will cause employers to pay more than just the increase in wage.
And when Walmart starts paying the living wage, people will only lament the lower prices because they will be gone. At least if what I'm told is true- that they've built their empire on the backs of low wage workers.
So there's the ripple.
Admittedly it's dependent upon McDonald's meeting the demand for jobs.
Current Events » in reply to Unknot your knickers and unclench
It's a bigger pond.
The whole thread (32 posts)
- Fast Food workers going to strike tomorrow.
- Inflation will even things out in the end.
- Not if there is already an imbalance
- Why do you bother?
- Then why worry about it?
- Well, let's look around.
- Yea. People who try to increase their income are stupid.
- Inflation will even things out in the end.