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Titanium Rain
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Comments by "Titanium Rain" (@ChucksSEADnDEAD) on "SHOCKER: Minimum Wage BOOSTS Employment In Seattle" video.
"went right back into the economy" - and what a fool you are, you ask for money in your pocket and applaud when it goes "back" into the economy.
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@radiotec76 so basically if I have a grocery store in a remote area that serves a small population, and thus doesn't make enough profit, I can't hire anyone to help because my business doesn't deserve to exist?
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@radiotec76 so the person I can't hire anymore should stay home getting paid 0 dollars?
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@radiotec76 no, I am not. It wouldn't be starvation wages if it wasn't for the rampant inflation. You still have not given a satisfactory answer, should businesses close down and tell people to go home without a job if those extra sales and profits cannot cover your magic number? Yes or no?
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@radiotec76 "So you would like to pay a liveable wage if it weren't for inflation." - you need to speak in terms that make sense. A person gets hired to perform work that adds to the profits. If the wages paid to the person surpass the extra earnings created by that labour, it stops making sense to keep the person around. This has zero to do with livable wages. "Price hikes on key items like gasoline have a knock on effect with others or would you just keep you prices where they are at and loose money?" - and if the cost of energy increases then that means the costs of many goods will increase because fuel is used to power machines and to transport said goods. A price hike on gasoline can take a huge hit on the economy. "No, you'd raise prices on what you're selling. If prices of things go up why not people's labor?" - and that's what I am trying to explain. If prices raise on what you are selling the economy will slow down. "If you have to pay your workers a wage so low they have to take a second or even third job just to pay the basics" - what if they don't have to? Maybe they have another income at home from a husband/wife. Maybe they live with their parents. Maybe they live with other 3 people sharing a cheap house. Maybe the government should take action against inflation to make sure the cost of living falls in relation to wages. "then it's already failed and shouldn't exist." - which doesn't make any fucking sense. If hiring an extra person generates (say) 15 dollars an hour to my business and I have to pay 15 dollars an hour for that labour, I get 0. That doesn't mean my business is failing. It just means that it makes zero sense to add a cost to my business that brings no return. "It's strange your even debating this" - how is it strange? It's fucking maths. If I look at the cost of hiring someone and the theoretical revenue I can get, and I realize it's a bad decision to hire someone that job position is eliminated. "And finally do you really want to pay workers so little" - bro if you could make me 300 dollars an hour I'd certainly pay you 200. But if you only generate 15 dollars/hour I can't give you more than 10. I am always astonished at the divide, of course there's asshole bosses everywhere but straight up assuming that if I were a boss the wages I would be paying would be too low on purpose?
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