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Non-Tech : Kirk's Market Thoughts

COHR 148.85

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Nov 25 3:59 PM EST

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To: robert b furman who wrote (870)	3/14/2014 11:03:29 AM
From: Jerome	Read Replies (3) of 26622

Bob ...you may have seen the articles when District of Columbia was considering raising the minimum wage to $12.00 per hour. (it failed by a council vote of 6 to 5 vote) The Wharton School Business calculated how much McDonalds would have to raise the price of a BigMAC to compensate for the labor cost increase, and for the franchise owners to keep the same profit margin. It came out to a $.40 increase in the price of a BigMac. Low wages near the minimum wage put many employed people on welfare. Who pays for these welfare costs? You and I do. You talk about a free ride. Why should we taxpayers subsidize the low wages of McDonalds, Burger King, and WalMart? So you raise the price of an oil change by a dollar.....is this going to stop anyone from getting an oil change in a $25,000 vehicle? (heck motors are expensive) The is a busy tire shop here in the Soo here that has been in business for 46 years. There is a sign on the front counter that says.."our prices reflect the living wage we pay our employees." (starting pay of $10.50 an hour)

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