My logic is not flawed. McDonald's wants to maximize profits. Lots of companies do. Rising cost of production means rising cost to consumers. The only other way to do it is to cut the salaries of upper management to divert money to the minimum wage employee but don't hold your breath on that one.Your logic is flawed 100 percent if I owned a company and let's say I made 10 million PROFIT and again profit after all overhead expense have been paid if the minimum wage was increased and it caused me to instead of making 10 million in profit I made 8 million in profit - are you saying that's a good reason why not to raise minimum wage because I can't make more profit than previously ?
I hate to break it to you but the pill from Pfizer that cost $50 costs pennies to make. If someone were to make them raise the minimum wage of the plant the pill is made in, Pfizer would move the plant to another country. (I can't think any of any meds are made in the US.) I dont condone the way those assholes do business. I just realize that they do this to maximize profits. The same goes for Nike. Thats why all that crap is made overseas. On a side note, Hillary has received more donations from big pharmacuetical companies in 2016 than Obama and Romney combined in 2012. They must have a lot of faith in "private Hillary".
http://www.reuters.com/article/us-us...-idUSKCN0Z22F1
Of course I want jobs in America. (Thats part of Trump's platform btw if that's important to you.) But I can't get a hamburger from overseas. I would be willing to pay more for American made goods but most manufacturing jobs were moved overseas long ago. Also, other American won't pay more for American goods. Instead, they buy Chinese made crap from Walmart. (Was that private Hillary or public Hillary sitting on the board there?)
There is a plan to put more money in the pocket of low wage earners. It called cutting taxes. It allows them to keep the money they already made.
I notice you didn't comment on Hillary's abuse of power. To be clear, it isn't her I'm concerned with. It's those who blindly deny that she has done anything wrong that have me concerned. Originally Posted by goodman0422
If your logic was true than there should never be an increase in anyone's wages. Are you telling me McDonalds would be in the red and lose billions of dollars with an increase in minimum wage ? SUre they will take a dip in overall profits but they will still have a handsome profit. It's called corporate greed!!!