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Re: Another 'Let them eat cake' Republican heard from...

By: Decomposed in FFFT | Recommend this post (3)
Wed, 24 Aug 11 7:04 PM | 48 view(s)
Boardmark this board | Food For Further Thought

Msg. 32062 of 65535
(This msg. is a reply to 32057 by oldCADuser)
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OCU,

If, at $5/hour, lines of qualified applicants "wrap around the block," then $5/hour is what qualified workers are worth.

And no, I don't think the profits would go straight into the CEO's bonuses. The smarter companies would use the savings to expand the company and hire more people. The ones that blow their profits wind up being beaten up by better run competitors.

Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months

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The above is a reply to the following message:

Re: Another 'Let them eat cake' Republican heard from...
By: oldCADuser in FFFT
Wed, 24 Aug 11 5:52 PM

Msg. 32057 of 65535

You don't honestly think that if the minimum wage was either lowered significantly or abolished all together, that corporations would limit paying the lowest wages to only young people? With the current unemployment rate, corporations know that even if they only were offering to pay $5/hour that if they announced that they had 100 job openings, the line of applicants would wrap around the block. And where do you think the increased profit would go, right into the pockets of the CEO's as bonuses rewarding them for their ability to enhance the return to investors. Abolishing the minimum wage would create a PERMANENT class of working poor in this country and would drag down virtually all wages paid to blue-collar and retail employees.

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