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View Diary: Fast food workers strike in 60 cities (92 comments)

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  •  These are jobs that won't go away' they HAVE to (7+ / 0-)

    be filled.  Thus, whoever works at these jobs is most likely going on some form (possibly many forms) of public assistance:  anything from subsidized child care (which even cons should be for, as it allows parents to hold jobs), to SNAP, E/R visits for healthcare, etc etc etc.

    So if the employers keep the wages low, they are willfully committing taxpayer money for the folks who work for them.

    Higher wages for these people are good for everybody!  

    There MUST be a way to demonstrate the long-term effects to even shareholders.  The shareholders are the ONLY people who will feel any negative effect at all from higher wages for workers, and that is only if management salaries are not lowered to offset the added expense.

    Ayn sucks. Please know I am not rude. I cannot rec anything from this browser. When I rec or post diaries I am a guest at some exotic locale's computer.

    by Floyd Blue on Thu Aug 29, 2013 at 10:39:15 AM PDT

    •  I'm going to buy stock now (2+ / 0-)
      Recommended by:
      Sparhawk, Alexandra Lynch

      You mean fast food companies can raise prices at will with no effect on demand?  Or they can lower dividends and people will still buy their stock?

      Sweet!  I'm going to buy shares in them now.

      People can eat at home, bring their lunch to work or eat from lunch trucks run by small entrepreneurs.

      Yes, I know that fast food chains could lower executive compensation.  I'm not holding my breat for that.

      "states like VT and ID are not 'real america'" -icemilkcoffee

      by Utahrd on Thu Aug 29, 2013 at 10:55:45 AM PDT

      [ Parent ]

      •  I didn't say anything about raising prices. (3+ / 0-)
        Recommended by:
        Mr Robert, dejavu, Shotput8

        Where did you get the sarcastic material from?

        The shareholders would presumably take a hit for the lowered profits due to increased wages, and that is exactly why the wages are not raised.

        Economic analysis would determine pricing formulas which would minimize loss of sales, if somehow wages were raised and companies did not wish to lose profit.

        I assume you are not holding your breath for the higher wages either, right?  Of course I don't expect exec compensation to decrease, and that is the problem, because shareholders will demand their expected profits.  Such a small group of people who benefit, when so very many other follks are degraded.

        Ayn sucks. Please know I am not rude. I cannot rec anything from this browser. When I rec or post diaries I am a guest at some exotic locale's computer.

        by Floyd Blue on Thu Aug 29, 2013 at 11:02:24 AM PDT

        [ Parent ]

        •  So, your comment assumes wages will never (1+ / 0-)
          Recommended by:
          Utahrd

          be raised, because prices will have to be raised and demand will drop precipitously?

          That is valid, but I never mentioned prices; only a POSSIBLE way for shareholders to keep what they have been used to getting.

          You think I am a fucking rube, or perhaps a socialist who believes we should all pay everybody high wages and sing kumbayaa together?? I am actually a believer in Capitalism with a heart, because no matter the political/econimic system, humans are in charge, and humans will be screwed over.  Look how wonderfully people were treated in socialist economies!

          Ayn sucks. Please know I am not rude. I cannot rec anything from this browser. When I rec or post diaries I am a guest at some exotic locale's computer.

          by Floyd Blue on Thu Aug 29, 2013 at 11:05:56 AM PDT

          [ Parent ]

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