Why Lefties Think Companies Can Afford $15/hr For Unskilled Workers


The public believes that after-tax income of U.S. companies, on average, is 5x higher than it actually is. Here’s the money quote from the article:

[If U.S]. companies could afford to pay unrealistic living wages of $15 per hour, accept unreasonable demands from labor unions, provide all sorts of generous fringe benefits including weeks of paid holidays, long paid maternity leaves, and gold-plated pension programs, etc. The public that believes in the fantasy-world of sky-high 36% profit margins would naturally think companies are just being greedy and stingy when they don’t pay higher “living wages” and have to be forced to do so through minimum wage, or living wage, legislation.”

Related: Are Minimum Wages Moral? And, of course, I’m shocked! Shocked, I tell you.




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