Elizabeth Warren

ErikJ

(6,335 posts)

69. It would actually be great for the corporate monopolists

Sun Mar 17, 2013, 05:24 PM

Mar 2013

Because it would drive most "Mom and Pops" out of business. Some are barely making it and can barely afford a single min wage worker now.
I knew an older couple with a food store and they had to be there themselves for 16 hours a day with no employees. They couldnt take it anymore so they closed the store.
The monopolists would love this because it would get rid of all those pesky independents.

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Elizabeth Warren: Why isn't minimum wage $22 an hour like it used to be? [View all] MannyGoldstein Mar 2013 OP

good question. excellent question. DU Rec. Tuesday Afternoon Mar 2013 #1

It would actually be great for the corporate monopolists ErikJ Mar 2013 #69

freedom is slavery tiny elvis Mar 2013 #70

Could be but not enough sales is often prob ErikJ Mar 2013 #71

As long as young people are willing to sacrifice their lives to keep the ruling class in power, valerief Mar 2013 #2

K & R & bookmarked. EW is a treasure! n/t ProfessionalLeftist Mar 2013 #3

Treasure??? Plucketeer Mar 2013 #77

I hope other Democrats take a lesson. nm rhett o rick Mar 2013 #4

Everyone should see this video. Live and Learn Mar 2013 #5

That would actually be a living wage. Cleita Mar 2013 #6

And now there's a bipartisan effort to even reduce curerent COLA calculations MannyGoldstein Mar 2013 #7

Yes, and they want it from poor people and old people. When Cleita Mar 2013 #8

Nixon's trip to China... awoke_in_2003 Mar 2013 #45

Let's talk about the powerful economic stimulus of raising minimum wages. Coyotl Mar 2013 #9

How do Mom & Pop shops get over the initial shock? antiquie Mar 2013 #11

Mom and Pop shops are run by Mom and Pop, that's what a Mom and pop is. Coyotl Mar 2013 #13

I've been there. antiquie Mar 2013 #16

We need laws to help them. Mom and pop get no help from government or Cleita Mar 2013 #14

Supplier discounts would help a lot. antiquie Mar 2013 #18

Have you noticed that there are fewer mom and pop stores than before? MannyGoldstein Mar 2013 #20

Unfortunately, there are a lot less Mom & Pop stores now. antiquie Mar 2013 #26

I think we can agree the Mom and Pop shops don't have large payrolls. snappyturtle Mar 2013 #30

The margins are infinitesimally small, in my experience. antiquie Mar 2013 #31

"As for wages paid out, aren't they considered a cost of doing business and tax deductible?" Bay Boy Mar 2013 #54

I have said it before though and I say it again, I dislike minimum wage rules. cstanleytech Mar 2013 #25

Excellent idea. Let's do that AND raise the minimum wage. nt SunSeeker Mar 2013 #44

Jesse Ventura had the plan Mnpaul Mar 2013 #74

Did the guy HAVE to hold the pen at one point like it was a cigar? Spitfire of ATJ Mar 2013 #10

Maybe. I notice that a lot of ex-smokers do when they are stressed. Cleita Mar 2013 #12

I'm waiting for the Italian Anti-Defamation League to pipe up too. Spitfire of ATJ Mar 2013 #17

are all jobs worth $22/hour to the employer? alc Mar 2013 #15

They wouldn't be hurting. Cleita Mar 2013 #19

Are ANY "jobs" worth several million$/year plus bonuses and stock options? It's pretty simple: NYC_SKP Mar 2013 #22

Quick answer: They used to be.... Spitfire of ATJ Mar 2013 #23

My grocery bill was over $300 last week October Mar 2013 #29

How many people are you feeding? SheilaT Mar 2013 #39

Family of four October Mar 2013 #55

Thank you. SheilaT Mar 2013 #62

1 teenage boy Le Taz Hot Mar 2013 #85

True! My boy eats nonstop. He's an athlete, too (dance) so he's thin as a rail but his metabolism!!! October Mar 2013 #86

Who is asking for the buck... Bay Boy Mar 2013 #53

The store - at checkout October Mar 2013 #57

Probably goes to the... Bay Boy Mar 2013 #59

I believe you may have missed the point Sherman A1 Mar 2013 #48

This Lordquinton Mar 2013 #60

Precisely Sherman A1 Mar 2013 #65

You are wrong. Profits would be shaved, that is all. grahamhgreen Mar 2013 #82

kicking with all my heart! BlancheSplanchnik Mar 2013 #21

Elizabeth Warren proves that women are quite capable of doing the math. JDPriestly Mar 2013 #24

Where I live, something like $12 or 13 bucks an hour would be more like it. In the 70's, brewens Mar 2013 #27

If minimum wage goes up Bay Boy Mar 2013 #58

I started out in the early 70s Bay Boy Mar 2013 #61

In 1976, in California, antiquie Mar 2013 #28

The rich always get richer smallcat88 Mar 2013 #32

" no real skills except how to make money." Smarmie Doofus Mar 2013 #37

The real skill CEOs have is being able to bury their conscience. SunSeeker Mar 2013 #72

Wow! hedgehog Mar 2013 #33

Stunning! Absolutely stunning. pangaia Mar 2013 #34

The age old battle of capital and labor goes on. Bozvotros Mar 2013 #35

No, no, no. She's all mixed up. People are poor today because their schools suck. Smarmie Doofus Mar 2013 #36

Oh, and our schools don't suck, either MannyGoldstein Mar 2013 #38

Gotta use that soldierant Mar 2013 #68

Along with a higher minimum wage, SheilaT Mar 2013 #40

Excellent All Around cantbeserious Mar 2013 #41

Trinkled on rather than trinkle down Major Nikon Mar 2013 #42

K & R !!! WillyT Mar 2013 #43

Yes, we should ALL be asking where the $14.75 went. nt SunSeeker Mar 2013 #46

Love This Woman!! colsohlibgal Mar 2013 #47

K & R AzDar Mar 2013 #49

K&R abelenkpe Mar 2013 #50

The government should give incentives to small business Rosa Luxemburg Mar 2013 #51

It looks like 1968 was the year that Bay Boy Mar 2013 #52

I'm not sure where the $22 hour comes from... Bay Boy Mar 2013 #56

$22 adjusts for productivity gains MannyGoldstein Mar 2013 #64

Thanks for the explanation October Mar 2013 #66

America moved right & workers lost bargaining power MannyGoldstein Mar 2013 #75

because THAT is how the thieving 1% gets their riches Skittles Mar 2013 #63

What happened to the other $14.75? (Hint: corporate profits) TrollBuster9090 Mar 2013 #67

K&R hay rick Mar 2013 #73

Please tell me.... What do I have to do to make this woman President? nt aaaaaa5a Mar 2013 #76

Send these videos to appropriate friends and families? Nt MannyGoldstein Mar 2013 #79

Niiiice. I'm glad Sen. Warren is asking these questions. n/t Beartracks Mar 2013 #78

Finally got to sit and watch this. Autumn Mar 2013 #80

K&R midnight Mar 2013 #81

k&r for Elizabeth Warren. n/t Laelth Mar 2013 #83

Nearly everybody needs a raise. Flatulo Mar 2013 #84