(April 17, 2015 at 1:59 am)Heywood Wrote: McDonald's is going to pay the minimum wage or the market rate for labor which ever is lower regardless if government safety nets exist or not.
Um, no. Even the most conservative economists of the 19th century, the heyday of deregulation and fuck-the-poor, acknowledged there was a natural minimum wage: base subsistence.
The idea is so simple even you should be able to understand it: people won't work for so little that they starve to death anyway. If people are going to starve to death anyway, they'd rather do so in leisure.
The only reason McDonald's can pay so little is that their labor costs are subsidized by government safety nets. Take them away and McDonald's would either have to pay more or lose their workforce and thus their business.
Clear?
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"The trinity can be equated to having your cake and eating it too."
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"The trinity can be equated to having your cake and eating it too."
... -Lucent, trying to defend the Trinity concept
"(Yahweh's) actions are good because (Yahweh) is the ultimate standard of goodness. That’s not begging the question"
... -Statler Waldorf, Christian apologist
