How is it possible to pay U.S. workers $25/hour, but provide them extremly low cost goods?

Question

Every worker in America wants to make $25 an hour, but want everything to be really cheap. Please explain in detail how you would accomplish this if you ran a company.

Also, if your up to it, explain what you think the govts involvment should be, since they seem to catch most of the blame for this also.

Answer 1

Yes, the gap between the rich and poor is the answer. When you compare today to the gap back in the 50s 60s and 70s you will see a big difference when one parent could stay home with the kids and still put food on the table. Look at it this way, a company moves over seas and produces a product cheaper to the U.S. buyer but in the process while setting up business overseas has caused that countries economy to boom and so the demand for oil rises and now what happened to your great price and the box store. It is time to turn these billionaires into millionaires again and show some real trickle down. We need to bring back our tariff laws and protect our economy,remember corporations are not people and have no feelings.

Answer 2

It's funny how raising the minimum wage always get people worried about inflation. Congress has given itself 9 pay raises since the last time the minimum wage was raised.

How come nobody worried about that?? Those guys are already making real money.

This whole issue continues to bother me. When I am in Germany, I always notice that the tableware, glasses, and plates that you get in restaurants are all made in Germany. I have never seen tableware made in the US. Even as a kid, it was all made in Taiwan.

Now I won't deny that Germany doesn't have some economic woes, but somehow they are still Europe's economic powerhouse and they still make a lot of their stuff.

And how about US shoemakers that have their shoes made in Vietnam for $.25 /hour and then sell them here for $40-$120.00 and can pay various atheletes $99 million dollars to hawk their products. Wow....do you know who many people can work for a company with revenues of $99 million. A lot!!

My own opinion is that Wall Street is absolutely killing this country. Sure companies can make products in the US, but not at the kind of margins that Wall Street analysts demand. The almighty shareholders is all that seems to matter in this country. And of course the shareholders in many cases don't even buy the products of the companies they invest in. The real business mantra should go back to take care of the customer first and the stock will follow. But we live in a world of day trading and legalized gambling in the stock market.

So US workers and the country as a whole pay the price so that some % of investors make their obscene wealth in the market.

Answer 3

Here's a thought. Why is it that Wall Street cheers crazily every time a major firm announces a new round of layoffs? Sure that lowers costs and boosts the company's short term profits, and makes money for the CEO and other top executives whose pay depends on beating stock expectations. But how many of those fired employees will be able to afford to buy the company's products? I have never understood how companies can prosper in the long run when they're firing their customers.

Answer 4

well considering the fact that I am a single mother and I have worked at one place or another since I was 16 years old, and the highest wage i've ever made was $8.50/hr, yet I see men all of the time who just use their money to buy drugs get better paying jobs, and I'm white, so I don't get the minority status. How would you feel if you were me? An honest drug free working person trying my best to raise my 2 children by myself whos father is worthless and doesn't pay child support, instead spends his money on drugs and alchohal, yet, can jump from 1 good paying job to another. What do you think? In answer to your question, economic slavery, it'd the only answer, I'm just sick of being the slave.

Answer 5

actually... that can never happen... because retailers will up their prices because they know the customer can afford it. so basicly if u raise minimum wage other prices will be upped too.

Answer 6

to put it simple, it is cost effective to buy in large quantity's, look at walmart.

Answer 7

Good point!