Your knowledge of economics is strikingly poor. If the cost of labor is $15/hr then the product must sell for what is required for that labor cost, duh.
Burgers cost too much? No, you were selling them too cheaply using a business model that is flawed because it requires maintaining economic inequity in the labor force.
You are completely wrong about the availability of technical talent. In a changing world, those who don't change get left behind. You can hire all the engineers and scientists you want, they are out there.
Many GM or owners of old-school companies in this town are so averse to risk they cannot cope with risk or bright, young technical talent, and the necessity to invest in new technology to survive.
But back to wages. You say, provide “a safe clean place to work and earn a living and compensating employees commensurate with their contribution. It is more than that, it is providing a safe clean place to work and earn a basic standard of living.
A family qualifies for assistance if wages are less than 200% of the poverty level. In 2012 the poverty level was $22,350 for a family of 4. For a standard 2080 hr work year the POVERTY level is $10.75/hr. The $15/hr you say McDonalds employees want is 40% higher than the poverty level for a family of 4, and the family would STILL qualify for assistance.
To avoid an assistance program, the wager earner would need to earn $21.50/hr ($44,720). The minimum wage is $7.25/hr ($15,080/yr). A husband and wife earning minimum wage can't make it without assistance, at least one child would need to drop out of school and work full time and to get the family to the point on not being eligible for assistance!
Are you getting the picture? Businesses, burger bars particularly, want to keep people in poverty, not pay a living wage, so they can sell goods at prices that allow people to buy in quantities that make the business money. They could pay their employees a living wage and be profitable selling less burgers at a higher price, with the benefit that their employees now stop spitting in the raw hamburger meat.....duh.
The problem is, business has wandered away from the idea of cost of producing goods determining market price using a fair living wage.
So spare me any idea that business is altruistic.
You speak like a good Chamber of Commerce apologist but your example of corporate economics depends on maintaining people in poverty. It cannot last. But nice try.
This board has sunk into madness
greed is when a company puts self-interest as a basis of "good business decisions" above national interest faimon, plain and simple, you can't dress it up as if it was just "good business decisions" unless you want to separate and valuate corporate and national interests differently. Price pressure drives decisions like moving off-shore which in fact puts corporate interest and corporate cowardice above national interest. If a company can't make a go of it manufacturing something in the USA, it ought to invest in product/technology that does sell, or just run for cover and say to hell with the American worker.
You corporate Reds like to sound so patriotic but when push comes to shove, you are the first out the door running from responsibility.
Give me the net max dollar impact of the earned income tax credit against what the Fortune 100 companies would pay of their corporate income tax was 10% of its profit.
you guys still have not recovered from the ostrich syndrome, your ears are full of your own.
timbo, I call paying the tax Congress constitutionally established to be a patriotic duty, I guess you are one of those relativists who decide circumstances determine morality.
old timbo, mind clouded with organic solvent fumes, sez, "it is immoral to not to pay a living wage," and claims he does. After he shows us his books I'll buy his claim, but if he is using teacher's wages as a norm, he is full of it.
It would be interesting to do a comparison. First how does the mean teacher's salary compare with poverty level in the 1960's which I'll guess is about the time ole timbozo's dad coached the boys with today's wage.
I have never heard a teacher use their status as a government employee (see timmies 3:28PM post) as a justification for a wage, the wage ought in a capitalist system to be comparable to the responsibility of the job.
I guess you all noted how timbo tried to dodge the main point I made because he has no counter. You pay for things according to the value. If he has low value for the education of his kids, then go for low teacher wages.
That mindset contributes to the number of poor teachers around town.
Of course in 99% of the cases, any father who willingly works 6AM to midnight deserves no recognition for being a great father but rather a slap on the face for not caring whether he is there or not to provide a fatherly influence....But then, perhaps this is an autocorrecting phenomenon, the kids won't be imprinted with the mindset of the absent father.
And by the way, my coverage is as good and my cost with ACA is lower than what I paid on a corporate plan.
Golly Z, why would we need more terrorists attacking our southern borders, we have a religious(sic) terrorist right here at home flaming everything in sight?
We are far off the subject of this cartoon but I reply:
The message is, "We don't want ISIL to know what we are planning, and if possible want to give them a false sense of security/keep them guessing until we act."
I don't expect them to tell me what it is, that is the point of secrecy. I even expect disinformation to off put ISIL. Your complaint might actually help with the smokescreen.
I heard an interesting comment. By projecting a sense of weakness, it causes the factions to turn on each other, note how Al Qaida released a prisoner almost as if it was trying to "distance" itself from ISIL tactics (not to give AQ any plaudits, tho). Obama, to my objection, is a bit more Machiavellian with his foreign policy.
And as far a Z-fister's comment, I doubt very seriously anyone in government or out thinks ISIL can be reasoned with, but I also suspect persons with responsibility for action realize ISIL is coldly rational in how they are using their version of Islam to suppress the population, acting just like the Khmer Rouge, Hitler, and Putin.
Speaking of toot'n Putin, Ukraine, however, is a modern day Cuban Missile Crisis remote from our borders and biding our time might be the best bet. Biding our time gives Europe time to get the stomach to respond to a threat at their doorstep.
TJD, did you actually listen to the press conference? If you did you would understand exactly what was meant rather than try to make a mountain out of a mole hill. Shouldn't we expect a reasonable approach to the issue from you?
Ole timbo is lost in the north woods, to be kind.
Let's see, teachers are responsible to take our most precious assets and train them to be knowledgeable, productive citizens. We give our children to them and especially the Reds, complain if they do not learn social responsibility and become good citizens. We complain if teacher gives poor Billy a hard time or bad grade for screwing off.
As good capitalists, we ought to pay the people that train our children at least the value we place on our children (most of us would say our children are priceless, or invaluable); but by timbo's logic we ought to go find the least capable folks we can and hire them for the lowest possible salary they will accept to do the job.
Go figure the love of money and hairdressers.