(April 13, 2014 at 5:48 pm)Chad32 Wrote: I've been hearing about the minimum wage being so low that people with a full time job still need assistance or multiple jobs to make a living wage, but I've had people say we can't raise the minimum wage because stores and such will just raise prices.This assumes two things:
1- the store is getting by on razor-thin margins even though...
2-...they pay most/all of their staff minimum wage.
If you cannot afford to increase the pay of your lowest-wage employees, you are probably on the verge of bankruptcy. In which case you might not want to be dismissive of government programs for assisting the poor and jobless, seeing as you might be joining them soon.
This is not to say that you should automatically give them all raises, but the idea that a wage increase for your lowest earners will force you to raise prices doesn't make much sense. Wouldn't it be more likely that giving raises to your highest earners would have a greater impact on the bottom line?
"Well, evolution is a theory. It is also a fact. And facts and theories are different things, not rungs in a hierarchy of increasing certainty. Facts are the world's data. Theories are structures of ideas that explain and interpret facts. Facts don't go away when scientists debate rival theories to explain them. Einstein's theory of gravitation replaced Newton's in this century, but apples didn't suspend themselves in midair, pending the outcome. And humans evolved from ape- like ancestors whether they did so by Darwin's proposed mechanism or by some other yet to be discovered."
-Stephen Jay Gould
-Stephen Jay Gould
