So you advocate for no minimum wage? Is that how I read your post? Fairness shouldn't be up to companies to dictate, but society at large. It's the whole reason we have minimum wage laws, 40 hour work weeks, child labor laws, etc. These things didn't come about because the companies had trouble finding workers, but because people died demanding fair employment. Fairness is the heart of the problem here, and that you think that because you feel 'fairness' is nebulous, it shouldn't be applied.Yes, things are unbalanced. But that appeals to the nebulous notion of "fairness". What I asked for is a definition of obscene. Is it $1B/year in profits?
Also, the problem with this sort of logic is that it assumes that these business will be willing to take a hit in profits to comply with the law, which has been shown in the past to be expressly NOT true (especially with the mandate that a business must first look to the interest of its shareholders). Pass a law like this, and Wal-Mart will undoubtedly comply, but there will inevitably be a trade-off. Either prices will go up (which hurts everyone in a low-income situation, not just those who work for Wal-Mart), or the company will restructure so that they fit under the minimum requirements of the law (as mentioned above).
Every decision made at the corporate level is intended to maximize profits. It may be cynical, but I guarantee that every company that has excellent wages and benefits for their workers has decided to do so because (a) their business model permits it, and (b) it will improve their reputation enough that their increased profits will compensate for the increased expenses.
I find this whole discussion a little astounding, to be honest. I never thought I would have to argue the need for fairness to someone who didn't own a multi-million dollar company.[DOUBLEPOST=1374011935][/DOUBLEPOST]
It's why I shop local, to be honest. Anything I can buy from a local store I do. Food from local farmers, goods (whenever possible). I know it's unavoidable that money flows outside of my community, but I'll be damned if I let a 30 cent difference dictate how I spend my money.An economist friend of mine said something about the "Wal-Mart effect" on the economy that I think applies here:
"You can have high wages or you can have low-cost goods, but you can't have both."