(April 16, 2015 at 6:52 pm)DeistPaladin Wrote:(April 16, 2015 at 6:36 pm)Heywood Wrote: It is definitely not easy for him to offer that kind of money. His self imposed high minimum wage puts him at a competitive disadvantage. Another recession that causes a significant revenue drop could bankrupt him. It is his money and business....he can do with it what he wants.
I applaud his generosity but question his business sense.
I would say life is a balance. In some industries, it may not be possible to pay people so well. But at the very least, you should be able to live without government assistance if you work 40 hours a week. Even untrained menial workers should be able to generate that much hourly value or why hire them at all? The only reason some are paid less is because the government subsidizes certain labor costs with food stamps. But for that, no one would work for so little. This represents a government subsidy of some labor costs, which is unfair.
Raise the minimum wage to where you are no longer eligible for government assistance by virtue of your income and problem solved.
Observations do not support your claim. Food Stamp use is at an all time high and labor participation is way way way down. If your claim that food stamps allow companies to get away with paying lower wages is true, then we would expect that as food stamp subsidises increase so does labor participation. But the opposite is happening. Food stamp subsidies allow people to work less....not get paid less.
