Originally posted by Pudmunkie:
Its horrible for the economy, but nearly a necessary evil.

The problem comes with unions, workers want close to 15 dollars for unskilled labor like assembling a switch. Comapnies cant afford to create certain products here in the states, often finding themselves LOSING money per product, where they WILL make money producing the same product in china



And is $15/hour unreasonable?? How about taking a look at the cost of living and inflation rates since the minimun wage was instituted. If minimum wage had been increased yearly to keep up with growing costs and increasing productivity rates it would be around $15/hour, or if it merely kept up with the POVERTY line it would be ~$7.00/hour

http://www.seiu.org/action_center/issues_and_action/economic_security/minimum_wage.cfm
http://www.commondreams.org/views01/0829-08.htm
http://www.bpichicago.org/rah/pubs/minimumwage.pdf
http://www.epinet.org/content.cfm/issueguides_minwage_minwagefaq

The problem has already been stated, the rich like to keep the money for themselves. And unfortunately even if the minimun wage was increased to combat this phenomenon, the corporate leaders would increase costs to ensure their grasp on the top of the wage scale. Corporate American's generally lack the ethics required for persons in their positions. A classic comic book line comes to mind "With great power comes great responsibility!" (Uncle Ben, Spiderman).

Profit caps will be the only way society can control the downward spiral that corporatations have started us on. By restricting the maximum amount a buisness can charge above production costs (materials, utilities, Employee Wages, real-estate, etc.) there will be nothing gained by abusing the work force, in fact capping profit will promote wage growth and expand the work force, because higher expenses allow for a buisness to take in more money before hitting the cap.

The Workforce Must Unite and Work for the Good of Everyone, or else I will be the end of us all.

How long can the upper-echelon survive if society lacks the spending power to keep them there?

Intelligent buisnessmen will look to keeping themselves wealthy for the long term, unfortunately, most are being short-sighted.

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