Timmies fights min wage hike

[poker]

I think the minimum wage needs to take into account cost of living in the least and yes I believe Tim Horton's can still afford to pay more. I don't think their all in is more than $25/hour. It's supposed to be a donut shop not a cash cow. If they want me to even consider their argument, they need to provide their P&L. I want to see their margins.

Individual store margins vary, but aren't stellar. If a store owner wants to do well, they need more than one store.

The corporation though does very well... all the store owners have to pony up. That's where the big money is.

But as the OP of this thread..... I must go back to original point.... think what you like of what minimum wage is, or should be. The Corporation putting out BS marketing of how wonderful they are, and turning around trying to screw their own, (in private behind closed doors so no one will find out) and others on the bottom of the food chain for their gain?!?!?! Fuck that.

Even if every store can't afford it an increase.... that increase affects millions of other people who aren't involved with Tim Horton's. I didn't vote for Tim Horton an that corporation should stay the fuck out of our politics.

Fuck.... its business. Wages go up. They know they have to account for inflation in their business model, and it they didn't, then they go bye-bye! And somebody else moves in who hopefully does know how!

 

[fuji]

Do you have a reference for this?

Remind me in the new year, when I'll be back in Toronto. It's in a book I have.

An internet search revealed this is a controversial issue, as there are apprently complex interactions.

Potentially raising the minimum wage results in more people staying in highschool longer, but that puts those who fail to finish highschool at an even steeper disadvantage as businesses raise the minimum criteria at which they'll hire. The result may wind up being higher net unemployment, and higher chronic unemployment, even while raising the average level of education, as businesses substitute highschool graduates into jobs that previously highschool dropouts could have had.

 

[someone]

Remind me in the new year, when I'll be back in Toronto. It's in a book I have.

An internet search revealed this is a controversial issue, as there are apprently complex interactions.

Potentially raising the minimum wage results in more people staying in highschool longer, but that puts those who fail to finish highschool at an even steeper disadvantage as businesses raise the minimum criteria at which they'll hire. The result may wind up being higher net unemployment, and higher chronic unemployment, even while raising the average level of education, as businesses substitute highschool graduates into jobs that previously highschool dropouts could have had.

Another related question is rather education is just being used as a way of rationing jobs that really don’t require the education. E.g. it may be that a high school education has nothing to do with working at Tim Hortons. However, if a company is paying high enough wages to attract more people than it can hire, it has to ration the jobs somehow. Even if Grade 12 math and English have nothing to do with the job, a firm might assume those with grade 12 are more motivated and hire them. This in turn would motivate people to accurate more education. As you may know, there is some debate over whether many jobs that did not used to require university education but now do, are like this. This is sometimes called credentialism. If that is all that is happening, it can be argued that resources are wasted on unnecessary education. I suspect the truth is likely somewhere between the credentialism argument and the human capital argument (the human capital argument is that education makes workers more productive).