so from this you might assume walmart is scamming its employees, but that's not the case
In FY2017 walmart made 14 billion in profit
in FY2017 apple made 10 billion ALONE IN Q4

So Apple makes about 3.5x more profit than walmart

Yea but there the same low skilled shitty jobs

The idea behind a small minimum wage rise is that the marginal benefit it provides the workers who share it is less than the marginal cost to the business

Apple employs less people than walmart

Now, if that isn’t true, then the minimum wage hike should be reconsidered

so at the end of the day, even though the wage is higher, Apple is making a lot more profit than walmart is per employee

Kill all Muslims

But minimum wages can lead to a net social gain if the business is able to absorb the extra costs well enough

In order for them to be equal, Apple would have to pay its employees about 36 an hour

but they're only paying 15

yeah, you made a good point there, if it can absorb

but walmart has to pay out dividends to shareholders, put some profit into operating expenses such as R&D and opening new stores, improving existing ones

@hcaez

Lol

The ninch

Lynch the grinch

day of the whowonka when

I would complain about apple exploiting their employees 80x more than Walmart @hcaez like, that’s a good point. But it’s not 80, you can take account the effort needed by the job and it becomes a different “ratio of exploitation” lol

And I’m referring to micro/macro economics @Mr1Gonzalez , we were talking about economics so I assumed you knew micro macro were the most common economic terms around

Additionally, I am aware that minimum wages should be regional

That’s why I say living wage not $15. This isn’t a revelation lol

All I am advocating for is that companies pay their employees so they can work full time (40 hours) and not be in poverty by modern definitions, maybe raise a kid, and honestly, the companies that can’t provide that can piss off.

And if every company leaves America when that happens then you can take your revenge on me

@wahx nope abolish the minimum wage

It shouldn’t exist

It just leads to less employed and inflation

In a free market people’s purchasing power would be damn high, and businesses would pay high enough

We need that deflation

**”All I am advocating for is that companies pay their employees so they can work full time (40 hours) and not be in poverty by modern definitions, maybe raise a kid, and honestly, the companies that can’t provide that can piss off.”**

No that’s shit

If you do a job that isn’t worth 15 dollars an hour, it isn’t worth 15 dollars. You can expect both 40 hours and 15 dollars

Or you’ll have inflation and lower employment

Just look at Sweden and such with real unemployment in the 17%s

They literally count anyone receiving benefits as employed with the government LOL

“Labour market programs”

And if you count the workforce that can work who are early retired and/or on welfare

It’s around 20%-25%+

That’s dogshit

So no we don’t want to be like Sweden with high as shit unemployment

That’s inefficient