LivingWage #FairPay #WorkerRights
Understanding the Question: Why Do Companies Refuse to Pay a Living Wage?
The statement "Here’s another story in: ‘companies refuse to pay a living wage’" reflects a growing sentiment around the nation and possibly the globe. Many workers are feeling the strain of inadequate wages, leading to increased public discourse and scrutiny. Addressing this issue isn’t just about answering a question but shedding light on a concerning pattern affecting numerous individuals.
Key Reasons Companies Don’t Pay a Living Wage
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💸 Cost-Cutting Measures:
- Companies often argue that higher wages would significantly impact their profit margins, especially in industries with thin profit lines like retail or food service.
- By maintaining low wages, businesses attempt to keep product prices competitive.
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💼 Market Competition:
- In highly competitive markets, companies fear that increasing wages could put them at a disadvantage compared to their competitors who keep wages low.
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📉 Economic Uncertainty:
- Economic downturns or uncertainties can lead companies to tighten their belts. They opt to keep labor costs down as a financial buffer.
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📊 Shareholder Pressure:
- Publicly traded companies often prioritize shareholder returns over employee wages. Higher wages can mean reduced dividends or stock buybacks.
- 🤖 Technological Investments:
- Instead of raising wages, companies might invest in automation and technology as long-term cost-saving measures, potentially reducing the need for higher-paid human labor.
The Human Cost of Low Wages
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Economic Strain on Employees:
- People working for wages below the living wage often struggle to make ends meet, leading to increased reliance on public assistance programs.
- This can result in increased stress, decreased quality of life, and long-term health issues.
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Impact on Local Economies:
- Workers with low disposable incomes spend less, impacting local businesses and the overall economy.
- Employee Turnover:
- Low wages contribute to high employee turnover rates since workers seek better-paying jobs, leading to increased recruitment and training costs for companies.
The Push for Change
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Advocacy and Protests:
- Employees, unions, and advocacy groups are increasingly organizing protests and campaigns to push for a living wage. This collective action has the potential to drive significant changes.
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Legislative Action:
- Governments are being urged to implement policies such as higher minimum wages or living wage mandates to ensure fair compensation.
- Corporate Social Responsibility (CSR):
- Forward-thinking companies are embracing CSR and recognizing the long-term benefits of paying fair wages, such as increased employee loyalty and productivity.
Real-Life Examples
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Amazon’s Wage Increase:
- In response to public pressure and advocacy, Amazon increased its minimum wage for all U.S. employees to $15 per hour in 2018.
- Small Business Success Stories:
- Several small businesses have thrived by prioritizing their employees’ welfare through fair wages and benefits, demonstrating that it’s feasible and beneficial.
Conclusion: Moving Forward Towards Fair Pay
Addressing the issue of companies refusing to pay a living wage requires a multifaceted approach:
- Continued Advocacy: Joining forces with like-minded individuals and organizations.
- Supportive Policies: Advocating for government action to raise the minimum wage.
- Consumer Choices: Supporting businesses that prioritize fair wages.
Let’s work together to create a future where fair compensation is the norm, not the exception. 🌍❤️
Stay informed, stay engaged, and let’s push for a world where everyone earns a living wage. 💪💼
I guess their business model isn’t a good one if they rely on piss poor wages.
Other restaurants will open.
Throughout history any increase in wages and benefits has been met with endless wails from businesses that they can’t stat in business, have to fire people, and raise prices.
Some may, but then someone else comes in and magically finds a means to make it work and gett rich anyway.
20 dollars in california is not a liv8ng wage.
In the long run it will be better for the worker. They wouldn’t fight so hard against it otherwise. An nation whose economy relies on worker exploitation, for prosperity and stability will have neither. It is no ore than a house of cards.
Relax. Europe pays a living wage for fast food. There are still fast food chains and restaurants.
LOL John Stossel. The Dollar Store Tucker Carlson.
Not a single one of these companies has ever, ever, EVER over-staffed. Therefore, they need all the people they have. They’re out there acting like they’ve hired people out of the goodness of their miserly little hearts and will now have to, SOB, let them go.
Godforbid the money holder has to dish out some of their profits to those who help them make it. 🙄🙄🙄
repeat after me: if. your. business. cannot. afford. to. pay. staff. properly. you. should. not. be. in. business
God forbid the top 1% suffer any “loss”
Corporate greed and franchise ownership family business greed.
What they’re really saying when they say that they can’t afford it is, “I’ll only be filthy rich instead of filthy FUCKING rich!” Fucking losers. It’s really pathetic that they have to cling to money to feel any kind of significance in their existence. Meanwhile, we just want money to live without crushing stress.
A tale as old as time: Corporations want to reap the big boy profits but cry foul because paying workers a livable wage makes it unsustainable for their business.
“Raise in minimum wage wreaking havoc on shitty business owners who never planned to pay their employees a living wage”
FTFY
This is insane that these companies would rather lose money than take money from The CEO.
If we don’t stop corporate greed and unionize our workforce, no wage increases will ever really have any real impact.
Workers Unite!!
Oh no instead of making 4.5billion in revenue last quarter we only made 4billion in revenue because we’re paying our employees a fair living wage
🙄
And deep down we all know these scum lords are doing this to keep the worst people happy aka the Shareholders ( othereise known as the bitch asses)
Yea, just like a strike, they have plenty of money from your work that they will hold themselves together with as they try to leverage anything that affects their profits, just to cap off winning with stock buybacks.
EVERYBODY PANIC!!!
I believe that it was reported to impact about a half million fast food employees. So a couple thousand employees let go would be .4%
As for Pizza Hut I recall that the majority of the money I made was tips and not salary so how bad is 10% reduction? My tips would remain the same?
The fear mongering is pathetic
C-suite: Oh no! We can’t afford our gold-plated Jacuzzis with this wage increase. We might as go belly up.
And here are the Fox News watchers crying foul over it yet frequent these kind of places daily.
People just fucking suck.
Pizza Hut already canned a shit ton of drivers a while ago. I stopped ordering when I realized they were just using DoorDash to deliver my pizza
That article is such an opinionated, poorly written, piece of absolute nonsense I didn’t even make it more than a few paragraphs in. Sounds like it’s written by a petulant child.
John Stossel sits upon a throne of LIES.
Pizza Hut is getting rid of their drivers _not_ because of the living wage requirement, but because they want to [**outsource the whole thing to Uber Eats/DoorDash/etc**](https://www.restaurantbusinessonline.com/financing/pizza-huts-embrace-third-party-delivery-works-its-favor).
“Our merchants and masters complain much of the bad effects of high wages in raising the price and lessening the sale of goods. They say nothing concerning the bad effects of high profits. They are silent with regard to the pernicious effects of their own gains. They complain only of those of other people.” – Adam Smith
Better title, “Corporations refuse to have a bad quarter” or “Employers choose to tank their own business instead of paying a livable wage”
We have to justify our CEO pay so you don’t have a reliable job.
The plantation-slave business model stopped being viable once owning slaves became illegal. I’m sure the arguments back then echoed shit like this.
Pizza Hut has a national agreement in place to use DoorDash for their deliveries. They started laying off drivers in cities last year. It has nothing to do with the minimum wage increase.
If a $20/hr minimum wage is causing companies to go out of business, great! They shouldn’t be in business anyway. If they are cutting hours, and as a result, customer service or product quality goes down, then they will be out of business soon. This headline implies this is a bad thing. It’s not. Whenever a business puts its profits in the pockets of a few people at the top, they kill growth and jobs in the economy. 10 people splitting 100 million means that you are only getting 10 people buying goods and services. Take that same 100 million and spread it among 10,000 employees and that 100 million gets injected into the economy. That, in turn, creates increased demand for goods and services, which ultimately leads to more jobs. The top still gets rich, but they do it slower and they do it while supporting a strong middle class and providing opportunities for the poor. So absolutely raise that minimum wage. And tax the hell out of the top. We need to all that money they are sitting on out of the pockets of the politicians and judges and into the economy where it can benefit everyone.
Fast food will price themselves out because their food isn’t good enough quality and eventually they will not be able to compete with healthier alternatives