odds are equilibrium is further up the cost curve, ayup. Personally, I can live with that, within reason. You act as if the old fart who watches the door at Wal-Mart is the guardian of the economy. What about the price of gas, you don't think that has a lot more to do with inflation? This is not a new idea you know. I find your outrage rather amusing. Things I would like to know however: does the Albuquerque measure exempt small businesses? The Santa Fe ordinance on which it is measured does, but I have not seen this specifically mentioned. The Chamber of Commerce -- mostly big business -- opposes it on the grounds of access to employees. The Independent Business Alliance seems to support it. Who are these minimum wage people working for anyway? That might help determine the effect of the measure.
I was thinking that the effect may not divide so much big business/small business as service vs retail. Dana On 9/28/05, Gruss Gott <[EMAIL PROTECTED]> wrote: > > > Dana wrote: > > But I am thinking that big public corporations are doing most of the > > minimum wage hiring > > I would doubt that, but even so who do you think pays for that? You > speak as if corporations are just money trees and all we have to do is > shake the branchs a bit more. They want a profit and if the minimum > wage rises at, say, Walmart then so will the prices. Now there's no > more "living wage" so do we raise the minimum wage again? > > You've never aswered the question of what problem you're trying to > solve. If it's poverty then the long term solution is now baking a > new cost into the economy. The cost will just ripple through until > you reach equilibium again. > > Think of Walmart. Let's say they have an EPS of $1 this quarter. All > things being equal, if you raise the cost of labor now their EPS drops > which means stock value drops which means executive's net worth drops > and shareholders get itchy. > > Now they've either got to raise prices or lower costs. Which does ABQ > prefer? Job loss or more expensive ho-hos? Or maybe Wal-Mart pull > out of ABQ all together; it was dragging down their stock. > > How about Burger King? Do you want fewer BKs or more expensive burgers? > > It accomplishes nothing. You'll see a short term bump until > equilibrium and then it'll back to SNAFU. > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| 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:5:175484 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=89.70.5 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
