Greedy Employers Retaliate Against Minimum Wage Increase

[RolloTheGreat]

Point taken. Then it's time for basic income or negative income tax.

Edit: On second thought, aside from greed, what is stopping McDonald's itself from simply reducing its profit margin slightly to compensate for the increase? Or reducing executive bonuses to compensate for the increase?

Here's the problem, IMO.

These jobs were never meant to be breadwinner careers. They were meant for A. People who are studying in HS or college B. Old folks supplementing retirement C. Young people who haven't decided what to do yet.

There's no skill, just be alive and do some tasks most 8 year olds could handle with a day of training.

USED to be people who had low IQ, low motivation, low education could go to work at factories and make a living wage and insurance for their family, get some kind of retirement.

Now those jobs are gone post trade agreements and all those people have been shifted to retail and food, and they're seeing how F'd a person is trying to live on these marginal jobs.

We are basically taxed now to pay for them- lots of working poor on Obamacare, foodstamps, assisted living.

I don't like the current system because I see it as a socialist death spiral.

I think the assistance should be routed through industry and as supplement to low end manufacturing jobs because those support more people upline than the owner of the Subway or the flower shop. (and the people upline at McDs or Wally World don't need support)

A low skill guy making socks supports marketers, accountants, managers, admin staff, etc. with the profit on the socks he makes.

My $.02.

Short version: I like those guys and want them to have living wage jobs, just living wage jobs that strengthen the economy rather than ride it into the dirt.