80% of business executives: raise the minimum wage

[Adam Griffin]

Leaked documents show strong business support for raising the minimum wage

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[beaver2.0]

I guess we should raise the minimum wage.

[Clark Kent]

Or...just pay them more.

[136or142]

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.

[🐒Gods of Prosperity🔱🐲💸]

A minority of businesses which expect to be the most directly impacted by it are the ones who tend to oppose it.  The impact of a minimum wage would vary greatly by industry.

[RINO Tom]

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.

[King]

Or...just pay them more.

Increasing labor costs is unpopular with shareholders and boards. Perhaps executives themselves are powerless to make this decision in most cases.

[Ebsy]

Or...just pay them more.

Increasing labor costs is unpopular with shareholders and boards. Perhaps executives themselves are powerless to make this decision in most cases.

If the government is the one raising the floor on wages, then the executives can just go to their shareholders and shrug, saying they have to follow the law.

[Taco Truck 🚚]

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.

[jaichind]

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.

[Taco Truck 🚚]

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."

[136or142]

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.

I'm well aware that a great deal of the supposed huge expansion of small and medium sized  businesses is really just corporations downsizing and outsourcing things they used to do in house.

However, if you ask most local Chambers of Commerce or individual small businesses themselves, they'll tell you that associations that represent  mostly big businesses like the Manufacturer's Association and the Association of CEOs (these are the names of Canadian big business associations) don't represent them.

My post probably was a little conspiratorial, but asking CEOs of large companies, most of whom, pay well over the minimum wage, if they have a problem with the minimum wage going up, probably aren't the right people to ask. 

I said that they might support raising  the minimum wage to prevent future competitors, as pretty much all big businesses start out as small businesses, and certainly many businesses and business lobbyists have engaged in regulatory capture to thwart competitors, though, I can't find any mention of favoring increases in the minimum wage as an example of regulatory capture.

[Weiner/Holder]

Minimum wage should go up at least to $8.10 an hour or so at the federal level.  Some states need to make it even higher.  This is a joint state/federal issue.  Too high of wages lead to hours being cut and prices going up.  Our troops should be making more than people flipping burgers.

[muon2]

Just keeping up with inflation would put the minimum wage at about $9.25/hour. Most execs know that won't hurt their business at all since that puts it at about the point where there's still more money going to consumers through wage increases than lost from job cuts. The biggest impact from an increased minimum wage may be from taxpayers, since units of government like park departments and community colleges are usually big users of minimum wage student work.

[TrumpCard]

It absolutely does need to be raised to about $11.25/hour for full-time workers.  Contrary to what conservatives say, only 10% of minimum wage workers are teenagers.  Those working more than 28 hours a week should be making $11.25/hour with annual increases to keep up with the cost of inflation.  I can understand part-time workers and minors making $10.55/hour.  Let's do this and cut the corporate tax from 39% to 34% and everyone wins.  Worker productivity is up 20% from when minimum wage was at its highest in the early-mid 70's as well.  This would be enough to put minimum wage over $18.00/hour.

[Buffalo Bill]

It absolutely does need to be raised to about $11.25/hour for full-time workers.  Contrary to what conservatives say, only 10% of minimum wage workers are teenagers.  Those working more than 28 hours a week should be making $11.25/hour with annual increases to keep up with the cost of inflation.  I can understand part-time workers and minors making $10.55/hour.  Let's do this and cut the corporate tax from 39% to 34% and everyone wins.  Worker productivity is up 20% from when minimum wage was at its highest in the early-mid 70's as well.  This would be enough to put minimum wage over $18.00/hour.

I couldn't have said it better myself.  Worker productivity is a big factor many people ignore. 

[True Federalist (진정한 연방 주의자)]

It absolutely does need to be raised to about $11.25/hour for full-time workers.  Contrary to what conservatives say, only 10% of minimum wage workers are teenagers.  Those working more than 28 hours a week should be making $11.25/hour with annual increases to keep up with the cost of inflation.  I can understand part-time workers and minors making $10.55/hour.  Let's do this and cut the corporate tax from 39% to 34% and everyone wins.  Worker productivity is up 20% from when minimum wage was at its highest in the early-mid 70's as well.  This would be enough to put minimum wage over $18.00/hour.

I couldn't have said it better myself.  Worker productivity is a big factor many people ignore.  

You did say it yourself, Derek. Coming back as a different sock doesn't change who you really are.

[Figueira]

Or...just pay them more.

Increasing labor costs is unpopular with shareholders and boards. Perhaps executives themselves are powerless to make this decision in most cases.

If the government is the one raising the floor on wages, then the executives can just go to their shareholders and shrug, saying they have to follow the law.

But Superman was saying that the CEOs should just pay their workers more rather than tell the government to force them to.