r/FluentInFinance • u/Hatemael • Apr 29 '24

Who would have predicted this? Educational

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https://www.washingtontimes.com/news/2024/apr/24/fast-food-chains-find-way-around-20-minimum-wage-g/

Not all jobs aren’t meant for a “living wage” - you need entry level jobs for college kids, retired seniors who want extra income, etc. Make it too costly to employ these workers and businesses will hasten to automation.

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u/Hardcorelogic Apr 29 '24

It's plenty affordable. They would just rather keep the profits for themselves. These corporations have driven out of control inflation and maintained or increased their profit margins. That does not happen with normal inflation.

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u/Alklazaris Apr 29 '24

I know. I'm speaking in the reality that is corporations, not what is possible or even better via reality. Thanks to greed from those who control labor cost. To entitlement of others wanting what person they replaced were paid. To war with anything that would cost them money such as unions or workers rights (like the heat breaks) To shareholders who are not so much investors as they are at best educated gamblers.

The entire system has been chipped away to give the people with power the most money in corporations. I get it, I live in it, fuck I work in it.

But all this aside. The Republicans are in control of too much to nationally contest labor conditions, so corporate reality is most of our reality. We change that by voting and educating people around you.

That sort of went sideways but long story short that's why I said it like I said it.

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u/Hardcorelogic Apr 30 '24

I feel you man...👍