Comments by "whyamimrpink78" (@whyamimrpink78) on "States Voting On Minimum Wage u0026 Paid Sick Leave On Election Day" video.
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DQABlack
My point with the brick cell phone is that not everything inflates. Same goes with labor. There are jobs that no longer exist because they are worth $0. That is how the market functions. Some jobs increase in value, some decrease, some stay the same. Same with goods and services. You can't just arbitrarily determine how much a job is worth. The min. wage is what it is, the minimum. It isn't some magical number for someone to live off of. Also, if the min. wage is too high, and someone doesn't have the skills to justify that high of a wage than they will not get hired, period.
Technology have made it so goods and services are better and cheaper. That has increased purchasing power as a whole. A business who invest in technology can lower prices and make products better to attract customers. They won't necessarily get more profits. If they do they can also invest in more to grow a business and hire more, not necessarily pay more.
"Also, I in fact do know (roughly) how much I make for my company,"
Doubt it. Also, if you really worked for a large company they will have shareholders they have to keep happy. If they cut profits to over pay you they will sell back their shares causing the business to downsize leading to you and your friends losing their job.
"They can afford to treat their employees better, but the profits are more important than their employees."
Shareholders are more important.
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