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View Diary: Fight for $15! Because we can’t survive on $8.25 (43 comments)

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  •  There is no need for that kind of thinking because (2+ / 0-)
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    Mentatmark, historys mysteries

    the real truth is that costs will not increase with the wages unless the greedy Corporate Masters insist on it.....How about speaking up about that.  I too live on SS and am all for a increase into a living wage....

    •  This is pure B.S. fantasy (4+ / 0-)
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      VClib, ffour, 1918, Nulwee

      Costs of running a business DO unavoidably increase with wages, unless you've found some magic loophole in fundamental economics that no one else has thus far discovered.  The valid, realistic issue is: for the given type of enterprise in question, what percentage component of cost does labor (and labor of any particular type) represent?  The labor cost factor can be very different across different types of businesses, a relatively high percentage where service is a dominant component (e.g. restaurants), a lower percentage where mechanized production is a relatively more dominant component of both production and costs.

      Yes, the greed of corporate masters is an issue, e.g. vulture capitalists loading companies up with debt, siphoning off assets, in particular raiding cash assets which should by contract be allocated to employee pensions, etc.  Nevertheless, the issue of the ways and extent to which upper-management and vulture capitalists exploitatively abuse workers isn't at all the exclusive key economic factor involved; inescpabably, in even the most progressively, socially enlightened business model, enterprises still must make fundamental economic sense: the ability to sustainably bring in more revenue than costs of doing business.  Cost of labor is a nontrivial proportion of those costs for most businesses.

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