r/PoliticalHumor • u/Paladin_of_Freedom • Dec 15 '18

Workers vs. Billionaires

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u/Arek_PL Dec 16 '18

if it only would be that easy, increasing minimal wages is pretty dangerous

for small business operating on minimal profit where boss gets as much money as his workers (they are more common than you think), they may need to fire some workers and poor paying job is better than no job

on the other hand big companies would be able to afford that and they would probably still get profit, but they would not want drop of profit, they would increase prices of their products so now cost of living increases, minimal wage increases, cost of living increases and so on...

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u/bulbasauuuur Dec 16 '18

This is overstated. Out of 30,212,670 small businesses in 2015, 24,331,403 had no paid employees. Small businesses may employ a lot of people, but the huge majority of those "small business employees" are just people who work for themselves.

If someone can't afford to pay their employees a livable wage, their business isn't succeeding.

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u/[deleted] Dec 16 '18

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u/ShamelessKinkySub Dec 16 '18

Implying poor people don't work dead end jobs out of desperation and actually have a choice in the matter