Cheeseburger costs $.99 now. So you're talking about inflating the price by 8x. That's some tax! As for mook, The economists who write that kind of stuff have us $16T+ in debt, unemployment at near 8%, with increasing need to raise taxes and close loopholes. Where does it end?
what works in Australia won't work here nor the 1960s. So "B", have to try to come up with realistic scenarios.
Yes I noticed that it's approximately 8 times as much and the minimum wage would be 3 times as much, so effectively it's 2.5 more.
Like I said, it's a tax. It may put McDonalds out of business since they wouldn't be able to charge what their customers could afford.
not sure if the aussie mcdonalds prices were linked, heres one i found http://www.flickr.com/photos/hytam/6925038969/ shows a burger being 2.20, a big mac at 4.45, seems a little more, but certainly none of this "8X" nonsense heres the worldwide big mac index http://www.economist.com/content/big-mac-index
I did for 8 years after HS all the way up until I started doing what I am right now........ Mid 90s..... I was making $4.75/hr. I do not miss those years FAMS!
I'm fine with a $9 min wage. Heck I'd be fine with a $12 minimum wage. That is still pretty damn cheap. That would total out to less than one Benjamin a day. I agree if you can't afford to pay people that much you shouldn't be in business. Chains like McDonalds and Walmart aren't going to go out of business from this... they actually WANT the minimum wage to go up since so much of their sales come from people below the poverty line. Giving that segment a bit extra disposable income will increase sales. The difference in $3-4 of hourly wages is almost immaterial when you look at the total billions of expenses those corporations incur.
I'm reading a lot of self righteousness from the Repubs in this forum on this issue. Who are you guys to decide what kind of income level a certain job should recieve. Oh, and someone needs to go back to 'collage'.
Why not $25 an hour? After all, a business shouldn't be able to exist if they can't afford to pay their workers middle class wages! Everyone should be at least middle class! No exceptions! Even High School students!
Do you have any standards in hiring whatsoever? You shouldn't. Your sole purpose in business is to provide people a living wage.
