Posted on 01/12/2014 10:48:56 AM PST by Extremely Extreme Extremist
Maybe you are good at what you do at work, but I’m betting you don’t work as an economist or a corporate executive. :)
And for that I am eternally grateful; I earn my money honestly.
But really Jamba Juice will not compromise service levels by cutting back on employees. That’s a red herring argument.
What will happen is the two parents might be able to live, spend a little more in the community.
Really? One will collect a fraction of what they were making with unemployment for a limited time.
Highly unlikely they were paying for childcare to begin with, more likely the kids were staying with a MIL whom is on the dole. Saddled with Grandchildren what are the chances they get off the dole?> no savings.
As for Jamba Juice, the Franchise Owner/Operator will do what ever they have to do to stay solvent. If that means cutting an employee, and increasing their own hours, that is what they will do. The extra money is coming out of someones pocket, someone will have less to spend so some might have more. I don't see a net gain. I have lived in Kalifornia all my life, I know the demographics, I know the realities. I know the leftist policies that made it a reality. It is a virus that will devastate the rest of the country when it spreads.
Either you work for yourself (sole proprietorship), or you work for someone else whom acts as executive. We’ve already ascertained that you don’t work for yourself and run your own company, so I would challenge you to march into your company chief’s office tomorrow morning and let him know you feel he doesn’t earn his money honestly. I’m sure he will appropriately reward your candor.
A small tariff of say 10% would completely eliminate the comparative advantage of using slave overseas labor. The off shoring would stop, and gradually manufacturing would return. It wouldn't happen overnight, just like offshoring didn't happen overnight.
Apparently you’re not familiar with the concept that “Discretion is the better part of valor”.
By the way, there was an article in one of the high-end business magazines (Harvard Business Review?) about a dozen years ago, publishing a study that showed that the majority of executives with MBAs ultimately torpedo their companies, knowing the cost of everything and the value of nothing.
If that was in HBR I missed it. I have met plenty of MBAs I would not hire. My comment to you was in response to your blanket smear of corporate executives, not MBAs.
10% wouldn't even cause a blip.
What would it take to bring back a companies business that would have to off set BILLIONS in expenses?
You would have to eliminate wage controls', i.e. unions, regulations, vis a vie EPA, OSHA, tort reforms, and the myriad other demands placed on businesses today.
It isn't that simple.
BTW, that “small tariff” get’s passed on to the consumer....
The "poverty level" is just a concept which is set by government for one reason: To provide the government with an excuse to raise "apparent standard of living" and garner the votes of the idiot segment of the population. In fact, whenever the "poverty level" is set it has nothing to do with inflation adjusted income -- it is an arbitrary percentage of the population (somewhere around 20%). In other words the government will always determine that the lowest quintile (in terms of reported income) of the population is "poor". In order to "eliminate poverty" (ostensibly the rationale of the War on Poverty) everyone would have income equal to everyone else. Everywhere that concept has been attempted to be implemented has resulted in everyone (with the exception of government leadership) living in abject misery. Communism is Communism.
Only 10% of the USA’s manufacturing sector is unionized. Labor is one of the smallest costs per “widget” manufactured, even if the factory is in the USA.
You don’t have a good grasp of how devastating the economy has been for people in the last five years. You are stuck on a past construct.
Professionals have had to resort to driving truck, away while the wife and kids with the help of neighbors pack the belongings for a move out of a foreclosed family home.
Construction workers making a good living consider themselves now lucky to be working at home depot.
There are those people you mention but they are not the condition you seem to be oblivious about. Families that once had a middle class life are living on two minimum wage jobs.
You need to wake up to reality, today’s reality.
Manufacturers can pay lower wages and the local environmental laws are likely nonexistent. Dumping runoff into the ecosystem is cheaper than complying with EPA regulations.
What does that mean?
Really?
Tell us more...and refrain, if you can, from abusing the English language.
LOL, you’re clueless in manufacturing and costs.
The jobs created will be enormous. Tens of Thousands will flock to California to reap the good paying jobs harvest.
Business will grow by leaps and bounds......... it will be a miracle
That would definitely take a miracle.
Maybe Detroit really just needs a $15 an hour minimum wage?
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