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This move towards a ridiculously high minimum wage of $15 an hour is largely directed at the resentment that's been earned by conglomerates like Walmart and McDonald's, right? But guess who has the capitol to back up a wage like that? Conglomerates like Walmart and McDonald's, and not the majority of small to mid-tier local businesses who aren't chasing stocks profits, and run on slim profit margins to survive. What a great win for the mega corporations who won't have to be burdened by actually having to compete with more small businesses.
The moral idiocy of a comment is indicative of the moral idiocy of the commentator.
More from economist Robin Hahnel @ http://calebforcouncil.com/15-now-2/
Families can't afford to pay rent, food, car insurance, utilities, clothing, etc. with one 40 hr job at $9.10/hr.
College kids can't make any reasonable savings to pay off their loans without being indentured for years at that wage.
I'm an employer myself, own a small business, and would gladly pay my employees a living wage if that were the standard. When the minimum wage is raised, the spending capital of the community is also raised, meaning businesses can raise prices to accommodate what they need to pay workers.
Since when should one expect to be able to afford a family on one McD job? I mean, are you being facetious? You can't really think that...
"I'm an employer myself, own a small business, and would gladly pay my employees a living wage if that were the standard"--There is nothing stopping you right now from paying whatever you want. Or is there? Say, Market forces? Competition? You see, claiming the high moral ground and then hiding behind the "well, it's not the standard" flimflam, is disingenuous at best.
"When the minimum wage is raised, the spending capital of the community is also raised, meaning businesses can raise prices to accommodate what they need to pay workers."--So, basically accomplishing jack shit? If you make $100/hr but a hamburger costs $35, what have you gained besides a few hundred percentage points worth of inflation?
Employees already making 15 will want a raise to cover their being a better / more experienced / longevity, etc raise as well, and this will work its' way up the chain, then the cost of their product will have to be raised in order to cover the greater costs.
Then perhaps local peoples products will be undercut by those outside of the Portland area, etc etc etc.
Seems to me we ought to be looking more at other ways to combat the extremely high discrepency between lower wage and higher wage earners.
$15 an hour doesn't mean a thing if inflation causes a basic cheesburger at McDonalds to cost 5 bucks.