Hats Off To This Guy

[Brian37]

Easy for him to offer that kind of money. He runs a business where people just give him money without him having to produce any products or services. I mean, it's so easy, even Donald Trump couldn't fail.

Oh wait, that's what casinos do too, isn't it?

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.

You assume he doesn't have good business sense. There was a guy who used to make cars whose business model included higher than average wages and a product he made that he insisted the cost was low enough that even his employees could afford it. That man's name was Henry Ford.

Billionaire Nick Hanauer might  not take a self cut to that level, but even he agrees employees don't get paid enough. It is a simple feedback loop, the more money in worker's pockets the more money gets circulated into the economy. The real casino bad risk taking is at the top, the bad risk taking is the fake investment gambling at the banking stock market level. That is the real corrosive mafia vegas. This guy is making a bet on his workers stability adding to the economy.

Our current stock market climate is nothing more than a giant ponzy scheme. The investment that built the middle class was a result of investing in people, not scams to benefit CEOs and shareholders. And especially since technology keeps removing more humans from jobs, those people still need to be paid livable wages in order to stay part of that feedback loop.

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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.

What Min said about you checking your facts before you post. 





A lot of these "moochers" on the public dole ARE working full time. 

I hate that attitude, food stamps are not a subsidy for the poor, they are in reality a subsidy for the rich. The poor don't get rich off it, they are simply gofers who carry the government check to the store where the money ends up in the bank accounts of the companies they shop at. Low wage companies are the real welfare queens.