The discussion centers on the implications of raising the minimum wage on small businesses and the working poor. Participants argue that increasing the minimum wage can lead to job cuts and inflation, ultimately harming the very workers it aims to help. The conversation highlights the importance of market-driven wage adjustments and the need for individuals to enhance their skills to improve their employment prospects. The consensus suggests that government interventions, such as minimum wage increases, may not effectively address the challenges faced by low-income workers.
PREREQUISITESEconomists, policymakers, small business owners, and individuals interested in labor market dynamics and the socioeconomic implications of wage regulations.
Not surprising. The very concept of sharing evokes images of Soviet Russia for some people, for some strange reason or another.Jasongreat said:The first thing the new owners did was get rid of the profit sharing...
Not surprising either.Jasongreat said:Within 2 yrs the company... was out of buisiness.
kyleb said:Not surprising. The very concept of sharing evokes images of Soviet Russia for some people, for some strange reason or another.
Profit sharing in the form of, say, dividends on stocks is commonplace in capitalist systems. There are many other forms of profit sharing. I'm unfamiliar with anyone calling such not 'far from communism'.kyleb said:It was profit sharing, which while far from communism, is still too close for the comfort of some.