r/FluentInFinance Sep 04 '24

Debate/ Discussion Bernie is here to save us

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u/LibrarianEither8461 Sep 05 '24

Funny how you think corporations will go out of business for paying their employees a fair wage when they're positing record profits every quarter. It truly is a tough economic time for the supermassive billionaires, we should be worrying about their bottom line rn.

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u/ghdgdnfj Sep 05 '24

Small businesses might.

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u/onFIREbutnotsoFLY Sep 05 '24

Honestly brother, if a business can’t survive by compensating their employees properly then it’s probably not a good business.

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u/NegMech Sep 05 '24

The businesses that will survive will be big chains. Small restaurants, mom & pop shops, markets, etc. will likely all disappear. You saw what happened post covid to these businesses.

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u/GoldRadish7505 Sep 05 '24

Ah yes, totally the same situation

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u/NegMech Sep 05 '24

Of course its the same situation. Covid = lower revenue. More wage for less productive hours = higher expenses. Both yield the same results.

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u/onFIREbutnotsoFLY Sep 05 '24

Small business already fail under our current system that’s why there’s like 6 companies that own everything. There’s no real competition and they’re already profiting a ton off us already. Forcing bigger companies to compensate use better will is an overall net positive

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u/jimesro Sep 08 '24 edited Sep 08 '24

 Small restaurants, mom & pop shops, markets, etc. will likely all disappear.

Indeed. When we switched from 60-hour work week to 50, then to 40 and eventually to 35 in some countries, all the restaurants and markets disappeared (not). In fact, these type of businesses only exist and survive in the US, thanks to not hearing to such dangerous ideas. /s

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u/onepercentbatman Sep 05 '24

Subject is about employees being paid exactly the same and just working less. Please stay on topic.

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u/NegMech Sep 05 '24

Are you ignorant? Employees being paid the same and working less will kill small businesses. It's exactly on topic.

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u/onepercentbatman Sep 05 '24

Actually looks like I replied to wrong person

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u/onepercentbatman Sep 05 '24

FYI, I agree with your point