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feld (feld@bikeshed.party)'s status on Thursday, 25-Jul-2024 21:28:16 JST feld "The fast food businesses shut down and the workers lose their jobs. It's better they make almost no money than no money"
They'll be fine, let's watch these inflated corporations burn a little-
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kaia (kaia@brotka.st)'s status on Thursday, 25-Jul-2024 21:29:26 JST kaia @feld the current minimal wage does not suffice to live on in the first place by a wide margin :aurashrug:
> employers are required to pay $7.25 an hour by federal law, which comes out to about $15,080 a year for full-time workers. -
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on-lain ✔ᵛᵉʳᶦᶠᶦᵉᵈ (lain@lain.com)'s status on Thursday, 25-Jul-2024 21:32:55 JST on-lain ✔ᵛᵉʳᶦᶠᶦᵉᵈ @kaia @feld they should raise it to $1000/h so everybody could be rich -
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kaia (kaia@brotka.st)'s status on Thursday, 25-Jul-2024 21:36:05 JST kaia @lain @feld
AFAIK fast food managers (i.e. non teenage workers at fast food) make 40-60k USD. which seems doable, depending on city and state. -
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John Fediverse (mrsaturday@shitposter.world)'s status on Thursday, 25-Jul-2024 21:50:54 JST John Fediverse @lain @feld @kaia People here will say things like this and then cry their eyes out when the McDonald's down the street closes early because they don't have enough people willing to work for smiles and attaboys to run their store kaia likes this. -
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on-lain ✔ᵛᵉʳᶦᶠᶦᵉᵈ (lain@lain.com)'s status on Thursday, 25-Jul-2024 22:07:30 JST on-lain ✔ᵛᵉʳᶦᶠᶦᵉᵈ @mrsaturday @feld @kaia they should pay more for their burgers then -
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feld (feld@bikeshed.party)'s status on Thursday, 25-Jul-2024 22:21:17 JST feld @lain @kaia @mrsaturday the employees aren't setting the burg prices. McD should be increasing them, but instead they're just abusing the workers who show up to such a shit job on-lain ✔ᵛᵉʳᶦᶠᶦᵉᵈ likes this. -
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feld (feld@bikeshed.party)'s status on Thursday, 25-Jul-2024 22:29:38 JST feld @p @kaia when Friedman said that the unemployment rate was 20% and CPI was 10% so it made sense in that specific context
Now we've got near historical low in unemployment rate and people are working 3 jobs to survive
He's right about a lot of things, but you can't directly apply it to today. Regardless, we should have learned our lesson by now...kaia likes this. -
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p (p@raru.re)'s status on Thursday, 25-Jul-2024 22:29:42 JST p the problem is whether minimum wage is actually counter productive
prices exist for a reason, supply and demand, minimum wage, becomes a cost which forces prices up, and increases unemployment as there more money paid per person
@kaia @feld -
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p (p@raru.re)'s status on Thursday, 25-Jul-2024 22:29:42 JST p
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