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Reply to "Help me understand the impact of a $15 minimum wage? "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I think anyone who has the same knee-jerk reaction every single time we discuss raising the federal minimum wage should not be taken seriously when they make the same exact tires arguments without backing them up with current research. It’s not meant to never change. It has to change as the economy changes. We should be debating how much it goes up and what indicators to tie it to, not whether it needs to go up at all. Because it obviously does. Half of the workforce making under 15 an hour is insane.[/quote] Frankly, I don't think the govt. should be setting a minimum wage. If a person cannot afford to live on a wage offered to him/her, then that person should seek a job elsewhere. If the businesses offering low wages cannot find workers, they will raise their wages. Of course, this depends on NOT having low wage workers flooding our country from south of our border. You realize that under Trump, wages rose and this was in large part due to our border enforcement. Sadly, that has now changed. [/quote] Since our economy is dominated by [b]effective monopolies[/b], this does not work. If they break up the big corporations and strongly enforce anti-monopoly laws, this might work.[/quote] :lol: :lol: :lol: Who are these monopolies that you speak of and how do they have a monopoly in the hiring of labor near minimum wage levels. [/quote] Not the Pp, but when the only employer in town is Walmart, it’s an effective monopoly. Which is why we have minimum wage laws to begin with. We don’t need anti-trust, just floors for what we deem is an acceptable and not unconscionable bargain between an employee and an employer.[/quote] Show me a town where the only employer there is Walmart. Go ahead, I'm open-minded enough to learn of such a town. [/quote] There are TONS of little places where a downtown commercial district was completely gutted by a WalMart opening. I’ll give you one example I saw happen in real-time: Bedford, VA. I grew up there. Prior to a WalMart supercenter openning up, the downtown commercial corridor in Bedford had: a pharmacy, a grocery store, a furniture store, a fabric sewing and vacuum store, an optician, an appliance store, a sporting goods-hunting-guns-bait shop, a phone and computer store, a dress shop, a toy store, a bike shop, a bakery, a hardware store, a book store, a VA ABC store, a shoe store, a tire and car repair shop, and several restaurants. Within two years, everything except the VA ABC and the tire shop were gone. This isn’t debatable. This happened to MY little town, where I grew up. I. Watched. It. Happen. [/quote] :roll: If you want to open a discussion about the impact of Wal-Mart on small-town economy, go open such a thread. The discussion here is around the claim that there is a "monopoly" of labor demand. To show just how idiotic this claim is, I challenged for someone, anyone, to show an example of such a monopoly, and the response is "Wal-Mart". Regardless of Wal-Mart's effect on Bedford, VA, or any other similar small town, they do not have a monopoly on the labor demand in those small towns. Just a quick search of jobs in Bedford, VA: https://www.google.com/search?q=jobs+bedford+va&rlz=1C1CHBF_enUS737US737&oq=jobs+bedford+va&aqs=chrome..69i57j0i22i30l9.2458j0j4&sourceid=chrome&ie=UTF-8&ibp=htl;jobs&sa=X&ved=2ahUKEwj0qqbI-9ruAhVBVTUKHa7KCQoQudcGKAN6BAgDEC4&sxsrf=ALeKk01e0WZyjO1oCpq1N6jMGF_vXbitvw:1612810568711#htivrt=jobs&htidocid=H93lg8WQXApyFr1OAAAAAA%3D%3D&fpstate=tldetail While a few of the jobs listed are certainly from Wal-Mart, it certainly doesn't look anything like a monopoly. In fact, Bedford County does not even list Wal-Mart among its top employers: https://www.bedfordareachamber.com/economic-development/ Anyone who thinks Wal-Mart or any other company has a monopoly on the demand for labor is ignorant of the facts. [/quote]
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