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Comment on USA: The Minimum Wage Should Be $24 per Hour Not $7.25
shortwavesurfer@monero.town 10 months ago
You do realize that if that were done, there would be a mass layoff, right? Because minimum wage is a price control. And so if most companies don’t think that workers are worth $24 per hour, they will just lay them off instead and give them zero dollars per hour. If you’d like an example, look at California fast food workers right about now.
dezvous@lemmy.world 10 months ago
shortwavesurfer@monero.town 10 months ago
Because tons of workers are losing their jobs in California because of a twenty-hour minimum wage. If it was twenty-four, it would be even worse. That is a three-and-a-half times increase from what it is currently. As I said, it should go up, but it should not go up that much. Double it to $15.5 maybe. Most places i am aware of pay around that so it shouldnt spark a mass layoff.
dezvous@lemmy.world 10 months ago
I promise you the companies that are now forced to pay $20/hr are more than capable of doing so. They’re only laying off people in protest; it’s purely for show. They must have at least 60 locations nationwide and be considered “fast food”. These companies aren’t broke. Starbucks for example, which just closed 7 stores in protest had a net income of $4.125 billion
nifty@lemmy.world 10 months ago
Why can’t they pay CEOs or C-suite execs less to compensate?
spongebue@lemmy.world 10 months ago
Then there wouldn’t be as many CEOs or C-suite executives 😢
nifty@lemmy.world 10 months ago
shortwavesurfer@monero.town 10 months ago
They could, and they should. But good luck getting them to do that. LOL.
Dkarma@lemmy.world 10 months ago
Yeah if you don’t give everyone a small BP every few years you have to do something drastic eventually.
This is the exact same thing that has happened with climate change. We should have been changing incrementally and now we’re fucked.