I support a minimum wage because I don't trust companies to pay their employees a reasonable wage. It's in their best interests to pay employees as little as possible.

No it's not. It's in their best interest to satisfy consumers. A workforce that can barely support itself directly affects customer satisfaction, especially if the workforce is engaging with the customer upfront.

Quote from: Madman Mordo on April 07, 2015, 11:24:34 AM

Quote from: Mad Max on April 07, 2015, 09:59:58 AM

I support a minimum wage because I don't trust companies to pay their employees a reasonable wage. It's in their best interests to pay employees as little as possible.

No it's not. It's in their best interest to satisfy consumers. A workforce that can barely support itself directly affects customer satisfaction, especially if the workforce is engaging with the customer upfront.

Well, their best interest is maximizing profits. That comes from paying employees as little as possible while still providing an acceptable amount of service to customers.

Maximizing profits is one of their interests, it's not their main priority however. Without customer satisfaction, there are no profits, and if low wages impact employee productivity, which in turn impacts consumer satisfaction then there is absolutely no reason to maintain employees on that level of pay.

Besides, all minimum wage does is incentivize businesses to reduce hours and the amount of people employed. If anything, it hurts employees more than it hurts businesses.