Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: TimF who wrote (760722)	1/1/2014 4:57:32 PM
From: combjelly	Read Replies (3) of 1574489

No they are not being subsidized, the money goes to the employees. Back to playing word games, I see... The aid allows Walmart and others to pay so little. If not, the workers would have more incentives to unionize and such, even in a lousy job market. The Ikea plant in Danville is an instructive example. Many other minimum wage employers can not afford to pay more, or at least not significantly more. If minimum wages go up, then they can afford to pay more. Everybody else will have their labor costs go up. For many things, especially for those sectors with a significant number of minimum wage earners, demand is fairly inelastic. Not perfectly, but small price increases are readily absorbed without decreasing demand. Which is why the argument "why stop at $15/hr? Why not raise it to $100?" is a particularly stupid response.

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