Money in your pocket... or job-killer?

soundoff (2 Responses)

1. randy
   

   I think it would be nice to show examples of companies that currently pay better yet still provide quality service at a reasonable price. For example you can take a look at In N Out Burger. They pay several dollars an hour better than Mcdonalds and provide a quality meal at a reasonable price. Also look at Aldi or Costco. Both companies pay a good wage and provide their products at a competitive price. I actually save more money shopping at Aldi as compared to WalMart. Mr. Blitzer said that a wage increase would cause a meal deal to go up one dollar. I can afford to pay an extra dollar for a big mac meal so that we can give an infusion into the economy by getting more capitol into it.

   July 31, 2013 at 12:44 am | Log in to Reply
2. Michael
   

   This story would be better with a reminder about the difference between micro and macro economics. A business assuming revenues are flat and costs are increasing will try to control costs. This is why business people assume a higher wage will lead to higher unemployment. The higher wage will go to people who have deferred purchases and those additional purchases have a stimulative effect. Please lead a discussion on micro and macro economics so we can be better informed as to what a higher minimum wage will do both to individual businesses and the entire economy. Thanks

   July 30, 2013 at 8:04 pm | Log in to Reply