In the United States, we’re actually lucky to not pay worse taxes, compared to a lot of European countries. Still, the taxes are intense, and the pay that is given by a corporate job like McDonald’s is guaranteed to be what they call the minimum wage.
A while ago, it was reported that one person working at McDonald’s made a mere $13,811 in a year: it seems like that’s before taxes too, because it said “YTD Total Gross.” The national minimum wage is indeed low, but the problems are complicated.
Unfortunately the articles about this pretty much gravitated straight toward the idea of raising the minimum wage. It wasn’t just the articles, the organization that originally shared the McDonald’s image, Fight for $15, itself is a campaign to raise the minimum wage in the United States to $15 an hour.
Many people understand that the concept of a minimum wage, is the concept of the government forcing all businesses, large and small, to pay their employees a certain amount of money or not hire them at all. By this point, it should be known that when people are forced to do something, most of the time they find a way to get out of it.
As a result of minimum wage laws, small businesses suffer tremendously. The only way a small business can possibly survive a dramatic increase in the minimum wage is if they only hire people under the table, and that puts them at risk of being shut down, because it’s illegal to pay someone under the table, slightly less than the minimum wage because that’s all the business can afford.
Small restaurants increase their prices as the minimum wage increases, with no choice whatsoever because they have to pay an employee more. Make no mistake, wherever a major minimum wage increase occurs, the small businesses will suffer.
It’s an extremely unnatural influence on society, to position corporations like McDonald’s and Wal-Mart to be able to pay people more than a small, worthy of supporting business can.
An Investors.com article about this cited the Washington Post, and they said: “Increasing the minimum wage increases the costs of hiring workers. As a result, employers must accept reduced margins or customers must pay steeper prices. If employers cannot stay in business while paying their staff more, they will either hire fewer people or give their workers fewer hours. As a result, even if wages per hour increase workers’ total earning could decline.”
That’s right: welcome to fewer hours that your corporate job will pay you. People didn’t think these big corporations would find a way to skirt the law? By any means necessary, people adapt to regulations that are forced on them for the better or for the worse.
People certainly deserve to earn more money, and they deserve to choose what they want to pay taxes for, and what services they want in exchange for their taxes from the government, if any. However, if people think it’s common sense to raise the minimum wage, they don’t understand it’s all proportional, and why should we even be begging for a wage from these companies who don’t care about us?
It was said that no prices had changed after Seattle’s minimum wage hike: no retail prices, from large corporations who can avoid the consequences of the regulations and hire people for less hours, or do whatever they do. Small business prices did change.
The only true, long-term way out of this entire financial situation of working paycheck to paycheck is really to own a small business or do some kind of endeavor like that, capable of making more money than minimum wage. However, if a small business can’t even legally function without paying an amount to employees that perhaps the job doesn’t even require, that business is dead and they are forced into the black market.
If people can sustain their business in the black or grey markets as Agorism would describe, all the power to them. The way out of financial depression is not a change in the law, it’s a change in how people support each other in the community and earn money.