wildly oversimplified, yes. But speaking as a small business owner I don't know that I'd be hiring at the minimum wage anyway, even for clerical help. I'd be more likely to look for skills and pay for them. Am I typical? not sure. But I am thinking that big public corporations are doing most of the minimum wage hiring, that responsibility to the stockholders doncha know. A question on which it would be nice to have more data.
Dana On 9/28/05, Cameron Childress <[EMAIL PROTECTED]> wrote: > > On 9/28/05, Dana <[EMAIL PROTECTED]> wrote: > > it's a reasonable argument. However #2 is most likely to be chosen by a > > small business, #3 by a large manufacturing business. I guess my point > is > > that #3 happens anyway. Concern over #2 could be answered with an > exemption > > for very small businesses (though I don't think this particular measure > has > > one). Let's face it, given that this is a system with more than one > equation > > (a cost equation and a demand equation) Walmart is not going to go away > > though. It seems likely that demand will increase, possibly more than > cost. > > So I think such employers will choose #1.... > > So based on these assumptions the wildly oversimplified effects of a > Living Wage increase could then be: > > Manufacturing's going away to China (#3) and that's nothing to do with > the Living Wage issue and nothing we can prevent anyways. > > Small local business owners may choose just to hire less people (#2), > and/or just do the work themselves. So not only are people are out of > a job, but they don't have money to spend locally and enable that > multiplier effect - buy more things, etc... > > Larger corporate giants like Walmart will eat the costs (#1), pay > people a smidge more (still not really enough to live on), and Walmart > takes the profits back to their headquarters, making a stockholder in > another town wealthier. Essentially making the rich richer somewhere > else and removing wealth from the local economy. > > Then in the long run the small local businesses eventually shut down > and Walmart's all that's left. > > -Cameron > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Find out how CFTicket can increase your company's customer support efficiency by 100% http://www.houseoffusion.com/banners/view.cfm?bannerid=49 Message: http://www.houseoffusion.com/lists.cfm/link=i:5:175443 Archives: http://www.houseoffusion.com/cf_lists/threads.cfm/5 Subscription: http://www.houseoffusion.com/lists.cfm/link=s:5 Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
