Dan Wasserman by Dan Wasserman

Dan Wasserman

Comments (6) (Please sign in to comment)

  1. Brutatowski

    Brutatowski said, about 3 years ago

    Most of these franchise owners are small businessmen, not millionaires as they have been portrayed. I’d like to seee wasserman, or any of these people on strike read a p&l and make sense of it.

  2. dairyman23

    dairyman23 said, about 3 years ago

    They could take the increased wages out of their record profits and their record cash on hand and not have to increase the prices at all.

  3. Newenglandah

    Newenglandah said, about 3 years ago

    Nonsense. The highest figure I have seen, even from reputable conservative groups, is a 35 percent increase to prices, and that was assuming a $15/hour minimum wage.

    Venture capitalist Nick Hanauer advocated a $15/hour minimum wage in an op-ed for Bloomburg, hardly a liberal news organization. He notes that if the minimum wage had simply tracked US productivity gains since 1968, it would be over $21 per hour, three times what it is now.

  4. motivemagus

    motivemagus said, about 3 years ago

    100 economists signed a petition supporting a bill sponsored by a Florida congressman that would raise the minimum wage from $7.90 to $10.50 an hour. In matched terms, that would still be less than the peak value of minimum wage, which was in 1968 (the equivalent of $10.70 in today’s dollars).
    “Raising the minimum wage to $10.50 an hour would result in just a nickel increase in the price of a Big Mac”
    “Raising the wages of all of [Wal-Mart]’s employees to at least $12 an hour would cost the average customer just 46 cents more during their typical trip to the store. Over an entire year, that’s just $12.50.”

  5. echoraven

    echoraven said, about 3 years ago

    Normally I would be right there with you. Your post was accurate probably nearly 10 years ago, before the recession. In this “recovery” there aren’t as many good paying jobs but more “pretty darn close” to minimum wage jobs. Crap jobs. Heck it was in today’s paper.
    Is a minimum wage increase the right thing to do? Not sure, the only thing I do know is if we wait for corporations to “do the right thing” we will die waiting…

  6. motivemagus

    motivemagus said, about 3 years ago

    Fantasies like yours are not compelling counterarguments.
    Remember: the effective minimum wage has DECLINED sharply since 1968. Are you saying workers are worth less?

  7. Refresh Comments.