@AESES_AESSE You mean Manitobans for higher unemployment. You forget that over 21,000 minimum wage workers lost their jobs the first month higher minimum wages were introduced into Ontario. And in Seattle where the avg. paycheque shrank after they raised the rate from $11 to $13
@DerekWonch@DavidHamer_1951@OhDoughnuts ...in simpler terms, people are poor because they are lazy and stupid. If you can’t be bothered to get a better education and apply it, you stay poor. And there are all sorts of opportunities in North America to get that education.
@DerekWonch@DavidHamer_1951@OhDoughnuts And they shouldn’t be paid as if they were. 2 economists (USC and a U in Peru) did a study recently on income inequality. The 2 causes? Education and hard work. Those who put the effort in to get an education and worked more made more money...
@DerekWonch@DavidHamer_1951@OhDoughnuts Shareholders want to see a bottom line that’s bigger. They don’t care how. And 99.99% of shareholders don’t even look at the income statement. So they don’t care about production salaries in the least.
@DerekWonch@DavidHamer_1951@OhDoughnuts They also charge $3 for a doughnut that costs them 5 cents to make. Why don’t you complain to them about price gouging?
@DerekWonch@DavidHamer_1951@OhDoughnuts Most smaller businesses pay their employees at or near minimum wage. Those companies are the most impacted. Significant increase in cost unrelated to increase in revenue.
@DerekWonch@DavidHamer_1951@OhDoughnuts In Seattle, the first month of the new minimum, employees saw their paycheques actually drop from the month before. Employers told the governments they would do this
@DerekWonch@DavidHamer_1951@OhDoughnuts It did actually. In Ontario over 21,000 minimum wage workers lost their jobs in the first month the new wage went into effect...
@DerekWonch@DavidHamer_1951@OhDoughnuts Yet, the biggest shareholder groups in North America are pension plans, so better dividends and stock values are good for society.
@DerekWonch@DavidHamer_1951@OhDoughnuts ...but we should not simply pay people more. There has to be value to their work. $15 minimum wage is a job killer, because it places an arbitrary value on the work, not related to output.
@DerekWonch@DavidHamer_1951@OhDoughnuts Businesses have no social contract to provide higher wages. However, the most successful companies treat employees as an asset. They will want to keep better employees, as their production value will exceed their cost...
@DerekWonch@DavidHamer_1951@OhDoughnuts The facility needs a new operations manager and accountants. It would be quite easy to show the opportunity cost of that thinking.
@AndrewWillisJr1 @ppiluk@4fingerz@OhDoughnuts So the franchisee pays income tax on their income and Tim’s pays income tax on theirs. If you are bothered by the profits leaving the country, maybe purchase some shares in RBI
@AndrewWillisJr1 @ppiluk@4fingerz@OhDoughnuts You have not acknowledged that the franchises are local businesses. You have not acknowledged that they contribute significantly to local economies. And franchisees pay income tax too
@AndrewWillisJr1 @ppiluk@4fingerz@OhDoughnuts I said they pay taxes in Canada and RBI can’t just take the money out. At $441 million of taxes paid after all other Canadian expenses, that pretty awesome.