November 13, 2015
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15:00Now PlayingThere has been a resurgence of the "Fight for 15" campaign in recent days. I thought it was dead and over with, but I guess not! Many fast food workers across the country have been protesting outside of their restaurants, in parades, and more ... all for the cause of getting an increase in the minimum wage from the $7.25 federal level up to $15 per hour.
The logic behind it is that people who work full time – 40 hours – should get a "living" wage. What exactly is a "living wage?" Living wages could be anything, everything, and nothing. You may be a housewife who does not work at all, yet your husband makes enough to take care of the entire family. You may be a wife who works, your husband also works, and your combined income is enough to take care of all your needs. Then the question comes, what do you actually need? What defines "living?" It's really just a political talking point.
In this video, I break down the science of how wages come to be, and how employers are or are not able to afford said wages. The average person in a picket line does not understand how much payroll actually costs a company. Running a business with any type of overhead can be a daunting measure. Plus all of the taxes, all of the regulations, all types of start-up fees.
Ultimately, the "Fight for $15" is a fight for the low-income, minimum wage worker's doom. Employers will have a hard time funding it. Hours will be cut and jobs will be lost. Those employers that are able to fund it, will now attract better and/or more experienced employees that will replace the lesser employees who wanted the raise to begin with.
Politicians who advocate the higher wages know this. They don't really care about the negative effects of the wage hike. Votes and a consistently dependent class of people are more important to them.
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The official "Fight for $15" website
L.A. Times Coverage of "Fight for $15" protests
Some minimum wage workers in the "Fight for $15" protests also want to unionize
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