The discussion revolves around the implications of raising the minimum wage on small businesses and the working poor. Participants explore the economic consequences of wage increases, the responsibilities of business owners, and the potential effects on employment and inflation. The conversation touches on theoretical and practical aspects of labor economics, personal experiences, and societal expectations.
Participants do not reach a consensus; multiple competing views remain regarding the impact of minimum wage increases on employment, inflation, and the responsibilities of workers and business owners.
The discussion reflects varying assumptions about economic principles, the role of government in wage setting, and the real-world implications of inflation on purchasing power. Participants express differing views on the balance between supporting workers and maintaining business viability.
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.