Quote:
Originally Posted by jtreminio
You're deliberately misunderstanding my comments. If McDonald's pays $15/hr, and Burger King pays $8/hr, which do you think will have an easier time of finding workers? What does this have to do with government meddling?
https://en.wikipedia.org/wiki/Straw_man
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Any good managed company should pay the least amount of $ that makes the employee happy AND doesn't make you unprofitable.
Priority is profitability.
So when you see two companies that compete in the same segment and same area and have such a difference in pay offering you should ask why...
to stick to your example, is McDonalds that much more efficient that they can pay $15 and still be profitable? Have they decided to be a charity? Is Burger King evil?, etc.
The inflationary power of higher salaries is very limited and temporary while the ones
intentionally caused by government are long lasting and devastating.
So no, I'm not against salary negotiations and the opportunity to make more money but the inflation we are seeing and will see is being caused by government and will eat whatever your gain will be and more.
People that work at McDonals will be making $100/hour and they will be miserable.
If you go to countries with high inflation, people make millions in the local currency, they are all technically millionaries but their living standard is miserable.
My point is BUYING POWER.
Inflation (generated by government) eats your buying power and to compensate that people tend to look for higher pay but higher pay is not the solution for government imposed inflation.
Solution is getting corrupt people out of government and government out of economy. period.
The current lack of employees is caused by government paying people to stay at home in order to justify importing more (cheap) labor for political gain, it has nothing to do with how much companies are paying...
Another example:
Back in the day middle class kids would go to college and pay for it working their summer jobs.
Today many parents that have $100K+ jobs struggle to help their kids pay for college... why? what happened?
Government made $ available for education and now college price is not cost based but based on the amount of $ you can borrow from government...
So if back in the 60s/70s a person had a nice living making $25K/year, now families are having trouble to keep afloat on $100K/year...
Inflation generated by intentional government acts.
Again, nothing against pursuing a higher pay but your higher pay will buy less if your higher pay was not driven by the market but instead driven by government interference.
You will make more money but you will be poor.