80% of business executives: raise the minimum wage (user search)
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  80% of business executives: raise the minimum wage (search mode)
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Author Topic: 80% of business executives: raise the minimum wage  (Read 2938 times)
Taco Truck 🚚
Schadenfreude
Jr. Member
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Posts: 958
« on: May 11, 2016, 10:23:45 AM »

Yes, but it's mostly small businesses that pay the minimum wage.  So, it could be argued that this view is just their way to hurt potential competitors.

As has been touched on, this is a ridiculous poll.  It's the guy who owns a paint shop or two who will be screwed by too high of a minimum wage.

Atlas' lack of real life experience strikes again... or maybe it is just old fashioned ideology driven statements.

Most large companies are not vertically integrated businesses that compete vigorously with small businesses and want them out of business.  Have you guys worked at a large company or small business?  It's a complex ecosystem.  And most big businesses realize if the consumer in general is healthy it is better for their bottom line.  They don't want to see a bunch of small business bankruptcies nor do they want to see a bunch of consumers scraping by on a subliving wage.

The poll is unremarkable.  It is just stating common sense.  Partisanship... or ignorance are the only things that make an argument out of it.

FYI the way a lot of stuff gets sold is +/-IP licensor -> Manufacturer -> Distributor -> Retailer -> Retail customer.

Trump doesn't own a factory making all his crap.  He licenses is name to people who make stuff who sell it on to distributors who then sell it to retailers who eventually sell it to the general public.  Trump doesn't know what the wages are at the retailer selling his kitsch and he certainly has no desire for them to go out of business.  They're a vital part of his distribution channel and he certainly doesn't have the bandwidth to manage his bankruptcies and a fully vertically integrated retail business.
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Taco Truck 🚚
Schadenfreude
Jr. Member
***
Posts: 958
« Reply #1 on: May 11, 2016, 11:54:47 AM »

Yes, but it's mostly small businesses that pay the minimum wage.  So, it could be argued that this view is just their way to hurt potential competitors.

This is exactly what the first thought that came to my mind when I read this.

And then presumably your second thought was "wait a minute... that doesn't make any sense."
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