I see Biden is trying to increase the minimum wage in USA. The current
one is little better than slavery.

Objections from some senators: But then McDonald goes bankrupt!

Blissfully unaware of the fact that even Washington D.C. already has minimum wage $15. And so has many other US cities: Seattle, New York, San Francisco, Los Angeles and more. McDonald still thriving there, albeit with a hefty 0.4% loss for the share holders. Corporate capitalism in a nutshell...



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Hello Bj”rn,

I see Biden is trying to increase the minimum wage in USA. The current
one is little better than slavery.

Objections from some senators: But then McDonald goes bankrupt!

Old McDonald had a farm.
E-I-E-I-O!
And on his farm he had a cow.
E-I-E-I-O!

Today that farm has gotten much larger.
And it is not just cows and knick knacks
that are raised.

The family farm has gone the way of the dinosaur.
It is all Big Business today. Most farmers have sold
their land and moved to the cities. It is the only
they can survive.

Blissfully unaware of the fact that even Washington D.C. already has minimum
wage $15. And so has many other US cities: Seattle, New York, San Francisco, Los Angeles and more.

New Orleans is a city. And a parish (county). Both the city and
the parish tried to set a minimum wage twice as high as the federally
mandated minimum wage. The courts overturned their attempts, ruling
them unconstitutional due to the state of Louisiana not having a
minimum wage, claiming that only the state of Louisiana had the
legal right to do so.

By not having a minimum wage, the state of Louisiana allows the
federally mandated minimum wage to be the lowest an employer can
pay its workers. Meaning that no other government entity (such
as a city or a parish) can set any wage higher.

Business is in business to make a profit.
The lower the costs, the more profit to be made.

There are a few other states (all in the South) which use the
same principle. Keeps the employees loyal to the company who they
work for.

OTOH, Sweden also has no minimum wage ...

McDonald still thriving there, albeit with a hefty 0.4% loss for the share holders. Corporate capitalism in a nutshell...

The top three cities in the USA for fast food per capita are
in Louisiana. McDonalds does very well in those cities.

Louisiana - McDonald's favorite kind of place.

--Lee

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Popular vote!

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OTOH, Sweden also has no minimum wage ...

That's true. Here it's voluntary. Unions set the "entry level" wages by collective agreements with the employers, and the employee is free to join a union or not. Usually they do join (90% do). 8-)

Those collective agreements sets not only the entry level wages but all kinds of benefits and duties. The entry level wages depends on a lot of various factors such as branch, education, previous experience and so on, so there's no fixed minimum wage -- it varies widely.



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Hello Bj”rn,

OTOH, Sweden also has no minimum wage ...

That's true. Here it's voluntary. Unions set the "entry level" wages by collective agreements with the employers, and the employee is free to join a union or not. Usually they do join (90% do). 8-)

Those collective agreements sets not only the entry level wages but all kinds of benefits and duties. The entry level wages depends on a lot of various factors such as branch, education, previous experience and so on, so there's no fixed minimum wage -- it varies widely.

Various states (all in the South) solved that problem by passing
"right to work" laws, thus effectively doing away with unions and
collective agreements.

--Lee

--
It Ain't Payday If It Ain't Nuts In Your Mouth

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