A funny thing happens at $15 per hour...

[piezoe]

The hit can be absorbed by megacorp just fine. We've delayed progressively raising wages so much that it will upend SB's who weren't counting on doubling salaries.

Again, it'over 4 years. I would have preferred 5 years, but I understand why it is four. It is misleading -- Have you been to a CPAC training camp? -- to say "doubling [of] salaries." Virtually no salaries will double, or even be affected except thru pass-up effects. Wages for those making less than 15/hr will go up over four years, and only a fraction of these wages will double, because only a fraction of wages below 15 are at 7.25. We must stay focused on reality and not allow nonsense to invade our thinking.

 

[piezoe]

You don’t get to say which business is viable and which business isn’t.

That's right!. The Businesses themselves, and their bankers!, decide that.

 

[piezoe]

Everything is cost shifting.

No it is not, not in the economic sense of the term "cost shifting."

Apple is an unviable business.

And your evidence for that is?

 

[piezoe]

My son told me

We have it on good authority then.

 

[Tsing Tao]

No it is not, not in the economic sense of the term "cost shifting."

And your evidence for that is?

Piezoe, didn't we have an extensive example of this where you kinda...stopped posting when I showed you how it would affect your average restaurant?

 

[Cuddles]

Again, it'over 4 years. I would have preferred 5 years, but I understand why it is four. It is misleading -- Have you been to a CPAC training camp? -- to say "doubling [of] salaries." Virtually no salaries will double, or even be affected except thru pass-up effects. Wages for those making less than 15/hr will go up over four years, and only a fraction of these wages will double, because only a fraction of wages below 15 are at 7.25. We must stay focused on reality and not allow nonsense to invade our thinking.

I'm all for raising the minimum wage across the board, just wonder if the timeframes should be different between megacorps and SBs. Obviously extending it past 4 yrs means the GOP can just kill the raise later but I have no knowledge of the economic impact over doing it in 4 yrs as opposed to longer.

 

[newwurldmn]

No it is not, not in the economic sense of the term "cost shifting."

And your evidence for that is?

Yeah. Its well known that Foxconn (apple's supplier has brutal working conditions and Chinese employees are not paid as much as american employees). Apple has cost shifted to the Chinese population.

It's also well known that the rare elements in iphones have a sordid supply chain involving significant human costs with slavery and murder.

Both of these provide Apple with higher margins.

 

[newwurldmn]

That's right!. The Businesses themselves, and their bankers!, decide that.

And they don't believe that being able to pay "living" wage (whatever living means) means a business isn't viable.

 

[Buy1Sell2]

I'm all for raising the minimum wage across the board, just wonder if the timeframes should be different between megacorps and SBs. Obviously extending it past 4 yrs means the GOP can just kill the raise later but I have no knowledge of the economic impact over doing it in 4 yrs as opposed to longer.

The GOP is not going to reverse the minimum wage------Jeeesh

 

[Buy1Sell2]

Virtually no salaries will double

Correct. About 1 and a half million salaries with go to zero.