NoWhErE |
07-22-2019 03:59 PM |
Quote:
Originally Posted by Sly
(Post 22505757)
Why not?
Where does the extra for-profit payroll money come from? It doesn't magically appear from nowhere.
There needs to be cuts somewhere in order to make up for the difference. Where do you think the cuts will be?
A few options would be:
dividends
C level payroll
number of employees
number of hours
quality of service
quality of product
Which of those do you think will take the hit first? It's not dividends and C level payroll.
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What do you want me to answer here? Neither you nor I have advanced PHDs in economy and I'm not intimately familiar with the entire $15 minimum wage plan is. I assume you aren't either. So I can't give you an honest educated answer to your questions.
However, in broad strokes: Comparing a for-profit vs a campaign budget, the big difference between the two is that the for-profit company has margins and variable earning potentials they can play with to cover the differences and still be profitable. Campaign budgets are mostly fixed. There isn't much more wiggle room unless you inject more cash into the campaign. That's the gist of it.
Yes yes, I know, some business' models will be severely impacted by the $15 minimum wage. Some will even close down because of it. Others will adapt and thrive. On the other hand, you're giving a big portion of the population more spending power, which in turn, should stimulate the economy.
However, the point of my replies isn't to argue for the legitimacy of the $15 minimum wage plan. That's a whole different debate and is WAY out of scope to be discussed in this forum.
My intention was to show that the article shared by Hunglo is dog shit and is crafted only to appeal to people who already have a disposition to disagree with Bernie's proposal of the $15 minimum wage.
Why is it dog shit? Because if you do just a bit of simple math, you'll notice that the reporter is trying to warp something that is basically a contract renegotiation to adjust for the realities of working on the campaign into something much more devious than it really is. Nobody is getting shafted here. People are actually getting paid the same amount for working less hours.
The article is a huge nothing-burger.
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