Quote:
Originally Posted by Cannon Shell
A raise in the minimum wage will almost assuredly be accompanied soon after by a raise in the price of consumer goods. Plus any raise in wages will likely be off set for workers by companies avoiding Obamacare penalties and cutting back hours to prevent them from being classified as full time workers.
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the hours have been cut, for some time. i found it interesting that not just the minimum wage, but all wages have not kept up with the pace of inflation, etc. but then, we've known for some time that wages have been stagnant.
it seems to me that as the last few decades have gone by, govt has started doing more, and corporations have done less for their employees. it's not as tho mcdonalds (for example) has lower profits to go along with lower pay. same with exxon/mobil and many others. record profits for years, while we see entitlement spending grow, with workers not making enough to get by on their own.
so, which came first? as entitlements came along, starting with ss, and then medicare and medicaid, did businesses start going 'hey...' we can grow profits, the govt has a safety net for where we leave off?
this isn't something that has just suddenly happened.