?

It’s too bad that immigration supports the Trans-Pacific slave route instead of getting employers to hire locals at proper wages.

If you have to pay slave wages to run a business where there isn’t any competition just a bunch of businesses charging the same astronomical prices then you really have no business running one.

The point is it’s all relative based on what one’s expenses are. If that person earning $4000 a month has inescapable monthly bills which are nothing more than the basics that amount to more than his monthly earnings he has no chance of getting ahead at all . No saving power whatsoever.

Unfortunately this is more of a lecture than a conversation, and the likely consequences of imposing minimum wage by legislative fiat are ignored entirely (e.g. fewer entry-level jobs for new workers, increased financial constriction of small businesses, passing of costs from wage increases on to customers, etc.).

Sadder still, it is a lecture underpinned by accusations of racial collective guilt (oligarch bingo) and specious economic history.

To clarify just a couple of assertions made about Ford:

Ford didn’t pay his workers twice the daily rate, it was half pay and half bonus. The bonus came with stringent terms that modern Bermudians would not tolerate (among other things, accepting regular inspection of employees’ homes to make sure they were behaving themselves, avoidance of boozing and gambling, and this bonus wasn’t available to men whose wives were part of the paid workforce).

The wage hike wasn’t to enable his workers to buy cars off the floor – Model Ts were still too expensive for skilled workers to afford on a year’s salary (imagine a world where Porsche workers are paid enough to buy a new 911 every year). It was to retain men on the assembly line, which was physically demanding work that wore men out – this is why Ford plants had very high turnover, which the writer ascribes to poor pay.

It’s a question of which came first , the chicken or the egg ?

Is there a problem with the wages or is there a problem with the price structure ?

A person who earns $4000 per month and has to pay rent on a $2500 a month unit is already broke .

How the hell you achieve that is the question.

Let’s do the minimum wage thing. All the Fox News supporters can be quiet on this. A minimum wage will not hurt the business if they know how to manage money.