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Sweatshop - Pure Drama
Political Fray
Raise minimum wage
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<blockquote data-quote="Joe" data-source="post: 1166785" data-attributes="member: 9"><p>I'm of mixed opinion about raising the minimum wage [USER=1186]@Reggie_Essent[/USER] </p><p></p><p>For sure people need to make more if their rent & food continue to go up & they can no longer afford them.</p><p></p><p>However wages are also a big part of company costs. So if the minimum wage keeps rising but the revenues don't, obviously the company can't hire new workers or has to let some go.</p><p></p><p>So it's a tricky balancing act.</p><p></p><p>Perhaps one way mw can be more accommodating is for every raise, the government cuts some payroll taxes or the equivalent for the company. Or provides some tax relief/ credits somewhere else to maintain an equilibrium so that worker gets paid more but the company is incentivized to hire more workers or retain existing employees.</p></blockquote><p></p>
[QUOTE="Joe, post: 1166785, member: 9"] I'm of mixed opinion about raising the minimum wage [USER=1186]@Reggie_Essent[/USER] For sure people need to make more if their rent & food continue to go up & they can no longer afford them. However wages are also a big part of company costs. So if the minimum wage keeps rising but the revenues don't, obviously the company can't hire new workers or has to let some go. So it's a tricky balancing act. Perhaps one way mw can be more accommodating is for every raise, the government cuts some payroll taxes or the equivalent for the company. Or provides some tax relief/ credits somewhere else to maintain an equilibrium so that worker gets paid more but the company is incentivized to hire more workers or retain existing employees. [/QUOTE]
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Sweatshop - Pure Drama
Political Fray
Raise minimum wage
