Dunkin Donut CEO Who Makes $4,887 an Hour Outraged at $15 Minimum Wage

[DonCoquixote]

92. here is one thing you dodge

and it is the reality that even Walmart has to face. The lower the wages of people, the LESS they BUY. Henry Ford, hardly a socialist, realized that if someone working at his plant could not buy his product, he would not be able to sell much. When minimum wages in a place like NYC (where rent can eat up most of your money) are too low, people will NOT be buying donuts and coffee. Here this CEO is, not realizing that people cannot buy his coffee and donuts. He is not like a Steve Jobs that could just outsource to China and India, no, his business is based on local people having enough cash to consider getting his product.

As far as Progressive taxation/social programs, you do realize that the countries that pull that off are ones that have higher wages than us, right? Germany and Australia LAUGH at our minimum wage, and because they can keep executives in check, they also have much better social programs, and oddly enough, their companies do quite well.