(June 24, 2015 at 9:09 am)polar bear Wrote: In the face of conservatives saying raising minimum wages would put business' out of business or cause inflation, Ikea is proving the exact opposite. The last time I checked, Ikea is a corporation and it's main interest is to make as much profit as possible. If raising the minimum wage didn't help accomplish this my guess is they would not have done it.
Yeah, the conservative argument is total bull. These international companies also have to abide by the rules of the states they are operating in. So, McDonalds for example has to respect food safety regulations as well as working conditions and wages being in accordance with the law of the land. That means, you don't get a crappy meal for 98 cents in my country, but you can also be sure that the workers aren't outright exploited and the burger isn't made out of some waste products of the meat industry.
Walmart for example withdrew from Germany after a very short period of time because they didn't make enough of a profit for their liking.