This Cartoon Image Explains EXACTLY What a Minimum Wage Increase is GUARANTEED to Do!

in money •  7 years ago 

This isn't a joke. This cartoon is EXACTLY what I've always said. Increase the minimum wage and employers will fire people. Force businesses to pay more for anything and they will fire people.

They will always offshore any job they can if it means increasing corporate profits. That's the corporate world.

We have seen countless displays of this over the years where the introduction of Obamacare for example resulted in more part-time employment. Employers didn't want to hire them for full-time so they wouldn't have to pay for their healthcare. It's a simple fact:

A business runs to consistently increase profits.

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@themoneygps Thank you for posting this.... some people fail to realize that corporations always push for the profits. That is how they are designed..... profit over all other things.

Absolutely.

While i don't agree with the minimum wage, that brings up the question of why some jobs pay so poorly that you can't live on the salary even though you do it full time?

I always love a good economic comic as corny as that may sound. There must be extreme incentive for these corporations to raise wages while keeping the amount of workers constant, any ideas? Also, If the federal government can mandate minimum wage increase, maybe they should mandate a maximum wage and decrease it below a majority of exutive salaries, that'd really piss off the top 1% nicely hahaha

meep

Minimum wage hikes also encourages automation of jobs, which may be even worse for the worker.

Agreed.

Hi, great point. It is sad in this society we have doctrined in lies that the truth has to be telled in cartoon so can everyone laugh at it, and go back to sleep.

That's how it is and people are complacent. Or ignorant. Or willfully ignorant. Either way it's not good.

Yea that and consumer items increase in price too. I don't know how people let these politicians convince them that a minomum wage increase will solve their problems.

It's just a way to get more votes before their term is over. "Free" stuff.

If anyone doesn't believe this cartoon is real, take a look at Seattle with its $15.00 minimum. Employees being fired, businesses closing and automation taking over. These people just don't understand basic economics.

Exactly. Good point. They're implementing $15 minimum here in Toronto as well. Complete failure.

Can't wait to get my chicken nuggets out of mcds pez dispensers!

Delicious vending machine meat!

Now do you understand why they call it Human Resources? Expendable input to the revenue generation machine.

No doubt. Just a number.

Minimum wage should be MINIMUM (i.e. prevent outright slavery), but instead its twisted to mean "family wage"