651–660 of 1001 posts
No one is “too lazy” the wages don’t pay enough to support even a single adult in most places!
Most impoverished adults would have a better chance of climbing out of poverty if they DID NOT work at low or minimum wage jobs at all and instead foraged for nuts and berries.
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A 10% margin also often doesn't tell the whole story of how they make their money. Nearly since its inception, a substantial portion of McDonald's long term profit came from the appreciation of the real estate the stores were built on. Operating a business on it just made it cash flow positive during the holding period. So it was essentially a REIT that happened to operate a fast food chain. Even for many mom-and-pop…
>If they honestly can't afford to pay a living wage It's not logical to kill businesses by arbitrarily raising the minimum wage. Do you think the people they employ are better off not working at all? These people may not have a decent enough salary, but they get to work as opposed to staying at home and degenerate (mentally and physically). I always thought the better solution is to help them financially in other way…
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> Houston, March 2019, my rent renewal was $1500/mo for a 12-month lease or $1500/mo for month-to-month or a new contract. Houston, October 2020, my rent renewal was $1500 for a 15-month lease or $2100/month for month-to-month or a new contract. Is there a typo here? You have to sign a longer lease but you are paying the same per month... that's a 0% increase. And as for month-to-month, paying zero premium for a mont…
> You have to sign a longer lease but you are paying the same per month Signing a longer lease demonstrates that the new lease isn't like the old. Otherwise let's compare apples and oranges in the economy too.
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> Please, define what is a poverty wage, it is important. The ability to afford adequate housing, food, and clothing. I'm not saying we should mandate people can afford a 1500 sq. ft. home, ribeye steaks every evening, and Ralph Lauren Polo threads, but how about at least a one bedroom, one bathroom apartment; nutritious, nourishing food; Walmart clothing at a minimum. > What is the change of the model in case of the…
Do workers who receive tips want it to go away? The friends I've known who worked jobs with tips seemed to think they would be paid less if tips were replaced with wage increases on the employer end; my understanding is that they made a significant amount of money in tips. Obviously this varies by individual, job, and establishment, though. There some restaurants that tried to go no-tipping, but I think it didn't wor…
If the choice was $10/hr + tips or $15/hr, I’d take the tips.
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US trade with China is currently mutually beneficial. That's why China participates. Give me more detail on what that means. If the US Communist party took over absolute leadership of the US tomorrow, what differences would there be in the US China trade agreement.
The amount of benefit is not equal. Imperialist countries (US, western EU, etc.) have extremely favourable terms obtained under military threat. Often onerous terms are imposed, like privatisations or deregulation. One recent example is Bolivia’s rare earth mining. A German company was offering only ~5% of the value of extracted material in exchange for the capital required, while a Chinese SOE offered 50%. Not long…
CCP does baiting with predatory loans to lock countries in with easy money up front.
You sound like you’re biased
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I guess the question is what do you do when you find people who present with that situation: that they’re perfectly capable to hold down a job but only to create $10/hr of economic value by their labor. If you set the minimum wage at $15/hr and do nothing else, you have made that person worse off than today. Everyone around them now has more money, so everything is becoming more expensive. They now can’t find or keep…
Generally the math works the other way. I worked in a Wendy's for a while; I made minimum wage and most of the people made a little bit more. We cleared $30,000 a month profit for the owner ($100K revenue, $70K for expenses including all of our wages). If a company is so inept they can't generate a bit of value from people, then to be frank, as a society we can afford to be without them. Look at the minimum wage as a…
There are no such things as “jobs americans won’t do”. It’s just you have to compensate people accordingly. With this failing stealth UBI experiment that we are currently engaged in, people aren’t willing to work when many of them are getting near 100% the same income not to work. The rest of us are being crushed by inflation.
This is not UBI at all. If someone starts working now, they lose those unemployment benefits they're getting. So the question becomes: should I work my ass off at this shitty job to make $X, or should I stay unemployed and make $X? If it were real UBI, these people could work those shitty jobs while still receiving the extra income every month. It's still a shitty job, but you also get the added benefit of not having…
Clear misunderstanding of incentives. Most people would chill or take easy fun jobs.
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Are you seriously arguing that yhe entire EU McDonald's market is operating at a loss? That makes zero sense. Clearly it is possible to operate McDonald's in the EU and not burn money. Thus clearly there is a fast food business model that involves paying higher wages. Does this mean that every fast food store will remain profitable with the same hours? Probably not, but it does clearly mean that some fast food stores…
No I said loss leading probably wasn’t a good analogy. Did you not read that? However, McD EU could be less profitable, McD picks up the slack. This is fairly straightforward financial accounting. Which is all to say: without discussing this from knowledge of a form 10k or similar details is a very weak argument approach.
You can't stop the murders. But you can land me a dream job? Puh-leeze.