Posted by tecwrg on 8/8/2014 12:42:00 PM (view original):
Posted by bad_luck on 8/8/2014 12:33:00 PM (view original):
Posted by MikeT23 on 8/8/2014 12:20:00 PM (view original):
Obviously the big chains turn big profit. Regardless of what they pay their low level employees, that's unlikely to change. However, they make these big profits by massive sales numbers. They get these numbers via "affordable" pricing. So, in order to keep these big profits rolling in, the general public is likely to see an increase in costs(or, for food, smaller portions). Who frequents these places? I doubt Trump bought his 68" flatscreen at Wal-Mart.
If you want to say "Well, they could just make less profit", go ahead. And good luck with that.
Well...
"If you want to say "Well, they could just make less profit", go ahead."
yeah, I do want to say that. People don't frequent Wal-Mart and McDonald's because they love the ambiance. They go because it's cheap. If it becomes less cheap, less people will go to those stores. For Wal-Mart to remain profitable, it has to stay cheaper than everyone else, even if the cost of labor goes up.
Why don;t you write a letter to the CEO of Wal-Mart and explain this to him. I'm sure it will open his eyes. Please let us know when he responds.
As I said, good luck with getting companies to accept less profit.
You do realize, if Wal-Mart has to raise minimum wage that the smaller, local store will also have to raise minimum wage, right? So don't you think the store selling 1m per day will be able to raise their prices less than the store pulling in 2k a day?