Read on Twitter
To follow up on the living wage tweet:
If a job doesn't pay a living wage to full-time employees there are 2 options:
1. Get a second job
2. Get government subsidies or tips
Most do both. This means that they work 80 hours a week, which is bearable. The biggest problem is 2
If a job doesn't pay a living wage to full-time employees there are 2 options:
1. Get a second job
2. Get government subsidies or tips
Most do both. This means that they work 80 hours a week, which is bearable. The biggest problem is 2
This is because the majority of taxes are levied on the middle class or upper middle class, these are needed to fund government subsidies for the people not being paid a living wage.
This means the lower the salary goes, the more taxes need to be levied as more people need more
This means the lower the salary goes, the more taxes need to be levied as more people need more
money from the government. This is wealth redistribution from the middle and upper middle class to corporate shareholders.
You're having the customers of the enterprise, through either tips or taxes pay the "gap" between actual wage and living wage
You're having the customers of the enterprise, through either tips or taxes pay the "gap" between actual wage and living wage
So for the people who argue against the $15 minimum wage because "that means my $5 footlong will cost $8" guess what buddy, it already does you just don't notice those extra $3 on your tax bill or think about putting them in the tip jar.
Will higher min wage drive up costs?
Will higher min wage drive up costs?
Of course it will, the customer will pay $8 or forego the footlong, the company may fire some employees, but the total cost won't change much because all that's being changed is how the costs are seen.
Direct vs. indirect. It's externalities in a new way
Direct vs. indirect. It's externalities in a new way
If you can buy household cleaner for $3 a gallon, but the company that makes it poisons a river, the real cost of that cleaner is $3 + the cost of losing the river/cleaning up the river.
Who should pay that cost? The government funded by taxes or the shareholders who wrecked it?
Who should pay that cost? The government funded by taxes or the shareholders who wrecked it?
