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Eateries in Seattle are beginning to shutdown as $15 dollar minimum wage looms

#83

Quote:I guess I value people more than others do.... If left to their devices the "free market" would drive down wages into oblivion. That is why protections are in place. We've been through this. Even though wages go down due to free market economics the demand for jobs is still up. People have to take jobs regardless of whether the wages are low or not.


The problem is profits go up and wages do not. COL goes up and wages do not. This reduces the percentage of jobs able to provide living wages while the numbers in the workforce to not go down. This has been a problem for decades.


I'm on my phone so I'll have to link it later but there's been reports and studies that have shown there is a direct correlation to low paying jobs of big corporations and welfare subsides by government. For example walmart keeps wages low and encourages employes to seek welfare assistance, without the welfare assistance the employees would never accept the low wages offered by Walmart. You see it's not the free market manipulating low wages it's crony capitalism using welfare as a form of tax payer subsidies to reduce operating cost.
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Eateries in Seattle are beginning to shutdown as $15 dollar minimum wage looms - by EricC85 - 03-17-2015, 04:27 AM



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