Historically, the workers. Read Upton Sinclair's The Jungle if you want to see your Randian wet dream in action.So really, does anyone truly benefit? The low income earner may get an increase but then also has to pay for that increase in groceries or whatever goods or services that need to be purchased.
So, in the end, who really wins? No one. The cost of living continues to increase for everyone, including those lower income earners.
How about this: Every time the minimum wage is increased, payroll taxes also increase for the employer. Employers are not going to simply "absorb" the extra costs so he increases his charges to compensate. After all, businesses are in business to make a profit and while they may absorb some of the costs, it simply doesn't make economic sense to absorb all costs related to wages. So, it means either increasing his costs or laying off workers - pure and simple.
He too must purchase goods and services which, in turn, also increase in costs due to wage increases and he simply can't absorb those as well. Again, it doesn't make economic sense. Why would you stay in business if your profits are going down each and every year?
So really, does anyone truly benefit? The low income earner may get an increase but then also has to pay for that increase in groceries or whatever goods or services that need to be purchased.
So, in the end, who really wins? No one. The cost of living continues to increase for everyone, including those lower income earners.
But there are those who think that "profits" are evil and that businesses need to absorb all costs not matter what. Guess they don't have a clue how a business actually operates. BTW, most businesses in Canada are small businesses who can't afford to absorb these costs on a regular basis.
JMHO
Back in the 60s my father owned a Marina
He used to work the whole long labour day weekend doing double shifts at no profit to pay his men for the monday off.
He had some fine words about government then.
Many of those types had their boats there.
Historically, the workers. Read Upton Sinclair's The Jungle if you want to see your Randian wet dream in action.
We are truly fortunate that workers are treated much better now, don't 'cha think? All I am saying insofar as the wage rate, it's a vicious circle and really, who benefits when costs go up as a result?
It's fine to say that the increases enables people to make purchases but are they really gaining anything when the cost of those purchases are more expensive.
JMO
So you don't think people should get paid holidays?
So you don't think people should get paid holidays?
So you don't think people should get paid holidays?
Do farmers get paid on holidays?
Not relevant. Farmers are small businessmen, not employees.