When workers make more money, they respond by being more productive in their jobs and are less likely to leave, reducing turnover costs. This puts money in business' pockets, and workers also then have more money to spend in the local economy.
David RolfWe've created more wealth in the past 30 years than the rest of human of human history combined. But half of Americans make less than $17 an hour.
David RolfWhen families can afford the basics, they can reinvest in their communities, and higher wages means a broader consumer base for businesses.
David RolfThe free market hasn't done a very good job "figuring out" how to pay workers enough. If it was solely up to the market, the people with the least power would be paid pennies ... or less.
David RolfBusinesses generally deal with minimum wage increases by finding efficiencies in their business practices or slightly increasing prices if they have to, not cutting jobs. Of course: because they need staff to make their businesses run!
David RolfMost fast-food workers can't easily join a union, because they don't work directly for their parent company, such as McDonald's or Subway. Instead, they work for individual franchise owners, ensuring that each individual fast-food outlet would have to organize and win union recognition separately. So there's not one central employer to bargain with, as in a traditional union campaign.
David Rolf