Jamie Dimon Confronted By Houston Janitor Over Low Wages

[Chan790]

32. horseshit.

It's like that old conservative lie about minimum wage laws. The only thing that drives hiring at any cost to the employer whether high or low is labor demand. If you don't need to hire someone, you aren't going to hire even at $0.40/hr. If you need more labor, you'll hire more labor even at $35/hr because you need the labor...you might raise prices to pay for it, but you'll hire because it's necessary to hire. Only labor demand and not labor costs drives hiring...and there is no correlation. Employers don't hire less because the cost of labor goes up...it's never true.

What is true is that they will use periods of low employment to drive down wages unless prevented from doing so by government. It's why I support unionization, fuck the oligarchs! If they refuse to pay a fair wage, make them suffer and destroy their livelihood until they relent. If they refuse to provide benefits, deprive them of the benefit of your labor and harrass the shit out of any client who would support such tyranny until they relent. If they won't relent, provide them with some further motivation to relent. Make them cry out in their need to capitulate simply to restore even their diminishing share.

Which is to say you're 180' off the mark and backwards from reality. They won't equalize expenses, they'll just pay the minimum that we'll let them get away with. It's time we started demanding the maximum we can.