| minnimum wage and salary caps r all well in good but they do have there problems for example if u up minnum wage to say 7 dollars and hour
then all the companies have to pay there employees more so they compensate by raising prices for goods and services not to meet but to ecede the raise in salary the have to pay there workers so lets say u pay workers 5.25an hour to make a toy and you total cost for production of a taoy including labor is 5 bucks u sell sell the toy for 10 and make a prfit of 100%
now minimum wage is upped to 7.00 now it cost u a total of 6.50 to make that same toy do u increase the cost of the toy to 11.50 to cover it so u make the same profit u were makeing
no instead the copany makes they toy cost 13.00 so that they still get 100% profit and now are making even more money than before and now
those workers who got a pay increase cant afford to get the damn toy they make because the cost of living has increased acrossed the board
personaly i think we need to wipe the slate clean and go back to bartering heh
think about it |