"I swear, big corporations want to smash the middle class because then there is less mobility, and when there is less mobility, the possibilities of competition down the line are fewer, and it just continues their strangle hold on markets.
Its always hilarious when big establishments try to put forth raising someones wage from 8/hr to 10/hr. What is the ratio of that when compared to the overall profits/salaries for CEO, VPs, Etc. Who really are the makers and takers?
That whole mentality last year was horrendous. The real makers are the middle class, they make all the money (and products) and the rich are who take it. "-Ziltoidia 9, neogaf
"...There's a reason why Econ 101 is thrown out when you advance. It's why empirical evidence disagrees with you. It's why states with higher min wages don't have higher prices at mcdonalds. "-Black Mamba, neogaf
"I can't believe so many argue that it shouldn't be a living wage, when it was created to be exactly that.
“No business which depends for existence on paying less than living wages to its workers has any right to continue in this country.” (1933, Statement on National Industrial Recovery Act)
“By living wages, I mean more than a bare subsistence level — I mean the wages of a decent living.” (1933, Statement on National Industrial Recovery Act)
“Do not let any calamity-howling executive with an income of $1,000 a day, who has been turning his employees over to the Government relief rolls in order to preserve his company’s undistributed reserves, tell you – using his stockholders’ money to pay the postage for his personal opinions — tell you that a wage of $11.00 a week is going to have a disastrous effect on all American industry.” (1938, Fireside Chat, the night before signing the Fair Labor Standards Act that instituted the federal minimum wage)