RE: About minimum wage
October 8, 2016 at 12:53 pm
(This post was last modified: October 8, 2016 at 12:55 pm by The Grand Nudger.)
-cont.
We the market, as in we the people already pay the difference between a minimum wage and a livable wage in welfare and subsidies. So you and I are paying the portion of the wages that the franchisee in any given example above is pocketing as profit, that would be needed to raise them to the poverty ceiling. How can we do this? Taxation. The more we allow those percentages to be withheld from the laborer, the more we have to pay into state and federal agencies to cover the difference. In fact, that;s what we do...meanwhile, the franchisee gets to complain his way all the way to the bank. The consumer is subsidizing his margins on both ends, we -are- paying the difference.
We the market, as in we the people already pay the difference between a minimum wage and a livable wage in welfare and subsidies. So you and I are paying the portion of the wages that the franchisee in any given example above is pocketing as profit, that would be needed to raise them to the poverty ceiling. How can we do this? Taxation. The more we allow those percentages to be withheld from the laborer, the more we have to pay into state and federal agencies to cover the difference. In fact, that;s what we do...meanwhile, the franchisee gets to complain his way all the way to the bank. The consumer is subsidizing his margins on both ends, we -are- paying the difference.
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