Message from @Techpriest
Discord ID: 601930683186806805
Who knows what'll be the rates at a federal minimum wage
Bigger companies can afford the minimum wage hike
And drive smaller companies out of business
Oh well
How would big company lobbyists benefit?
What would a minimum wage primarily do
Into a company's profit exactly
Lower
It
Ah
And big companies make big profits
As small companies make small profits
Yes?
And we are on the assumption that companies do not proportionally make equal profits to their total size and value yes,
So let's say you have 2 small competitor to a McDonald franchisee nearby
The McDonald Franchise makes about $500k in net profit with 10 workers
The 2 small competitors make $100k in net profit with the same amount of workers
Let's enforce a $5/hr pay raise which leads to roughly +$10k/year
The 2 small competitors if they went on their same model
would make no money and begin operating in the reds
I suppose that's fine.
The 2 small competitors must jack up their prices.
Raising the cost of goods.
The franchise see that their local competitors are raising prices
and thus does the same
OR
they can just do nothing
and operate at the same price of 2 egg mcmuffin for $4
And eventually the small competitors either lay off workers due to business expenses and putting more pressure on their current workers
to do the same amount of labor
???
I agree with tech
The minimum wage only harms businesses
Minimum wage is socialist dogma
It should be shit canned as the fucking awful idea it is
Nah it’s communist Ligma
Gee, WhATs LiGmA HAHAhaHahA
I fail to see why people still think communism would work. It goes like this every time, create communist state, everyone loves it because...idfk, fun out of food, everyone fucking does, “oh don’t worry, this will work because that wassnt real communism” repeat
Instead of building a wall at the Mexican border, let’s send all the super liberals to California and wall it off.
@Brigadier Genral Headass.Bc they've never lived in the Soviet Union lol