With all the rumors flying around about a federal minimum wage of $15/hour, there has to be lots of thoughts on the topic. Should companies pay their employees higher wages? Should employees demand as much? How will minimum wage affect the stock market and the economy? Discuss it all here!
Pizza Hut just signaled a terrifying reality for fast-food workers A former McDonald's CEO warned this week that companies will replace human workers with robots if the minimum wage is raised above $15. But that possibility has already become a reality for Pizza Hut waiters. Pizza Hut has partnered with MasterCard to deploy robotic waiters to its restaurants in Asia. Watch the robot named Pepper in action: Read full article here: http://www.msn.com/en-us/money/comp...ying-reality-for-fast-food-workers/ar-BBtzhQj
Does a $70,000 minimum wage work? About a year ago, Gravity Payments CEO Dan Price turned the national debate over a $15 minimum wage inside out by announcing that he was raising the salaries of his 100 or so employees to at least $70,000. Read full article here: http://www.msn.com/en-us/money/markets/does-a-dollar70000-minimum-wage-work/ar-BBtvabJ
Government comes out ahead with all this. The more you make the more they collect off of you. The employer has to pay more so he is less rich and the employees think they get more but actually get less due to taxes government collects off you and due to fact that retailers will increase their prices by same percentage amount to cover their increase in prices. Increase in wages though is great news for manufacturers abroad as now they could sell their products for more money in America when exporting products to America because cost of goods will rise in America with cost of wages going up
