LogFAQs > #946769855

PK_Spam posted...

That if banks/dealerships are suddenly taxed more, theyre going to take it out on the consumer, and quadruple interest rates/payments, milk and bread will suddenly be $10 a piece. And apparently everyone will just... let it happen.

That's how businesses work. The only thing that can operate at a loss is government.

PK_Spam posted...

And then they vote for the guy already lining those companies pockets as they exploit you in a more overt way.

lolwut? Mutual benefit is a thing, not everything is a zero-sum game no matter how much politicians try to claim otherwise. And at the end of the day, if a company is passing along the expenses added by taxes to you the consumer, you're paying more. You're also going to be paying more taxes in general, because it's not a matter of taxes moving around so the burden is shifted but the overall government spending goes up, largely driven by entitlement spending and larger government (where you wind up with a lot more government workers, most of whom are paid much higher than their private sector counterparts).

man101 posted...

99.9% of americans have absolutely no fucking idea how micro/macroeconomics or anything to do with math beyond basic algebra actually work.

People think if you raise minimum wage by $7 then mcdonald's burgers will suddenly cost $7 more as if employee numbers and unit sales at a major international corporation are a 1:1 ratio and that's at all how math works.

And that lack of understanding is why people think you can raise the minimum wage by $7 or $8 with no impact, despite the fact that the food industry operates on relatively low margins and are constantly struggling to keep other costs down. In the case of fast food, it means franchisees are forced to hire fewer workers and work more hours themselves when, in some cases, they might already work a 60-hour week. But the general attitude among those groups is "fuck business owners" anyway

Blightzkrieg posted...

Employers require a certain number of staff to operate efficiently.

Employers don't hire staff they don't need. It doesn't happen regardless of what the minimum wage is.

While hiring more people than "needed" isn't always an intentional process, businesses forced to make cuts will find ways to make do with fewer people or, in other cases, simply won't be able to operate. In the case of a lot of small businesses, the owner and his family pick up the slack. Hell, this can be true of non-family-owned businesses as well. I've known retailers who were so understaffed that managers habitually had their wives or kids come in to help when things were really bad.

A higher headcount means that things can run more smoothly, but that's a luxury for many companies. If they need to scale back, they scale back.


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