Firms are not always willing to cut wages, even if there are people lined up outside the gates to work. So why don't they?
Sentiment: NEGATIVE
The concept of minimum wage is crazy, if you really stop to think about it. If $8 an hour seems right, why not $20 an hour? If it's coming by order of the government, why stop at any level? Why not just say everyone should get what Gates gets?
We have to get very militant with some of these employers to say there's no shortcuts, our people have a right to a fair day's wage for a fair day's pay, and we've got to get that done. And that's going to happen.
Immigrants aren't the reason wages haven't gone up enough; those decisions are made in the boardrooms that too often put quarterly earnings over long-term returns.
Firms don't just try to pay as little as possible to get the needed bodies on board; when there is unemployment, they ask themselves how wage cuts would affect the behavior of the employees. Would they quit or feel dissatisfied and work less hard on the firm's behalf if they feel that wage policies are unfair?
Don't let anybody tell you it's corporations and businesses create jobs. You know that old theory, 'trickle-down economics.' That has been tried, that has failed. It has failed rather spectacularly.
It's not reasonable for companies that have chief executives and board members who are paid very considerable sums to subsidise low pay through in-work benefits.
Because the truth is, today's immigrants, as they have for generation after generation, work the longest hours at the hardest jobs for the lowest pay, jobs that are just about impossible to fill.
As more workers lose manufacturing jobs as companies cut back, some are being forced into lower-paying retail jobs. But they still have union cards in their wallets.
Our businesses can't create jobs when they're losing revenue, and the unemployed can't apply for jobs when they can't pay their phone bill.
When you have a large amount of the workforce being laid off, some of them have no other choice but to go out there and invent something.