When FDR created the minimum wage he explicitly stated that someone making it should be able to live in some comfort. That meant not just food and shelter, but some savings and a chance to have a few nice things.
In 1960, minimum wage was $1.00/hour. The average house was $11,000.00. Two people could eat and go to a concert for $5.00. In those days, $1 million was an incredible fortune.
The wages of fast food workers have been increasing over the past decade. Ten years ago, their median wage was $8.69/hr. Today, it’s over $14/hr. In California, the minimum is now $20/hr.
Increased wages for low income workers are good, since they have outpaced inflation. But they will inevitably result in increased prices. It’s unrealistic to expect the employer to absorb all of the increased costs.
And fast food employers often couldn’t absorb the wage increases even if they wanted to. Remember, a McDonald’s employee isn’t paid by McDonald’s HQ, they are paid by the person who runs the individual location, who is also paying McDonald’s HQ for ingredients. Some of the franchise owners are doing well, some of them aren’t, but all of them are going to raise prices.
In other words, if you don’t want to pay more for fast food, then you don’t actually want to see fast food workers earn a better wage.
In other words, if you don’t want to pay more for fast food, then you don’t actually want to see fast food workers earn a better wage.
If a business relies on exploitation, it shouldn’t exist. If paying the workers a living wage means raising the prices beyond a sustainable level for the business, this business shouldn’t exist. If a business pays out millions in bonuses to it’s executives while the workers are relying on government subsidies, the business shouldn’t exist.
When FDR created the minimum wage he explicitly stated that someone making it should be able to live in some comfort. That meant not just food and shelter, but some savings and a chance to have a few nice things.
In 1960, minimum wage was $1.00/hour. The average house was $11,000.00. Two people could eat and go to a concert for $5.00. In those days, $1 million was an incredible fortune.
The wages of fast food workers have been increasing over the past decade. Ten years ago, their median wage was $8.69/hr. Today, it’s over $14/hr. In California, the minimum is now $20/hr.
Increased wages for low income workers are good, since they have outpaced inflation. But they will inevitably result in increased prices. It’s unrealistic to expect the employer to absorb all of the increased costs.
And fast food employers often couldn’t absorb the wage increases even if they wanted to. Remember, a McDonald’s employee isn’t paid by McDonald’s HQ, they are paid by the person who runs the individual location, who is also paying McDonald’s HQ for ingredients. Some of the franchise owners are doing well, some of them aren’t, but all of them are going to raise prices.
In other words, if you don’t want to pay more for fast food, then you don’t actually want to see fast food workers earn a better wage.
If a business relies on exploitation, it shouldn’t exist. If paying the workers a living wage means raising the prices beyond a sustainable level for the business, this business shouldn’t exist. If a business pays out millions in bonuses to it’s executives while the workers are relying on government subsidies, the business shouldn’t exist.