rayjay
Well, this is the threat isn't it? (It was the standard threat used against unionized companies for decades. Its unionization that drove up the value of labor in the west and brought about the establishment of a solid working class. Its the standard threat whenever there is a drive for increased wages. So how often is the real threat real?)
Historically this doesn't happen that businesses downsize or close due to slightly increased labor costs. . And especially right now, it can't happen. Most of the minimum wage labor is service industries. And services industries need to provide "service".
Service industries that rely on cheap labor still rely on labor at a higher cost. If they decide to lay off people, they suffer in the quality of service they offer...
In the fast food industry, which relies on minimum wage employees, labor is typically 25% of operating costs. If minimum wage goes up 10%, then overall operating costs would go up 2.5%.
Presumably the cost of a $6.00 sandwich could go up to $6.25 to cover the expense and more...
Earth shattering adjustment?
Any business that demands a commitment to 35 hours a week or more from an employee, but doesn't value those 35 hours enough to pay them a living wage ..... needs to reevaluate why it exists.
If it is ONLY for profits, then it is simply there to exploit the workers.
When companies actually pay their employees more ... they get better employees. More committed to the company. Healthier. And that delivers a better service.
Apply that known principle across the entire work force working under $15 an hour and it says that the entire nation would benefit. Is that more important that a point or two extra in this quarters profits?
(Can't open the links you offered.)
A raise would be good. But have you explained to them that they may lose their jobs if the minimum wage increases as a result of automation or businesses going under
Well, this is the threat isn't it? (It was the standard threat used against unionized companies for decades. Its unionization that drove up the value of labor in the west and brought about the establishment of a solid working class. Its the standard threat whenever there is a drive for increased wages. So how often is the real threat real?)
Historically this doesn't happen that businesses downsize or close due to slightly increased labor costs. . And especially right now, it can't happen. Most of the minimum wage labor is service industries. And services industries need to provide "service".
Service industries that rely on cheap labor still rely on labor at a higher cost. If they decide to lay off people, they suffer in the quality of service they offer...
In the fast food industry, which relies on minimum wage employees, labor is typically 25% of operating costs. If minimum wage goes up 10%, then overall operating costs would go up 2.5%.
Presumably the cost of a $6.00 sandwich could go up to $6.25 to cover the expense and more...
Earth shattering adjustment?
Any business that demands a commitment to 35 hours a week or more from an employee, but doesn't value those 35 hours enough to pay them a living wage ..... needs to reevaluate why it exists.
If it is ONLY for profits, then it is simply there to exploit the workers.
When companies actually pay their employees more ... they get better employees. More committed to the company. Healthier. And that delivers a better service.
Apply that known principle across the entire work force working under $15 an hour and it says that the entire nation would benefit. Is that more important that a point or two extra in this quarters profits?
(Can't open the links you offered.)