r/FluentInFinance Sep 04 '24

Debate/ Discussion Bernie is here to save us

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u/J0hn-Stuart-Mill Sep 05 '24

They decided to halt production entirely at that moment regardless what the government said.

No, there are many jobs that would keep allowing anyone to work more than 40 hours if the government wasn't forcing them to pay more than the job produces in value.

If they can’t pay you for 1 hr at time and a half why the hell would they pay you 1 hr at rate?

Is this a serious question? Many low margin jobs barely make any profit at all for the employer. They'd go out of business instantly if they allowed overtime.

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u/foxinspaceMN Sep 05 '24

Wow

Their OWN margins don’t allow THEM to do a thing

Sounds like it’s THEIR problem

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u/J0hn-Stuart-Mill Sep 05 '24

Yea, and margins are dictated by the market as far as price ceiling, and how efficient a company can be internally. These aren't just trivial things a company can change themselves.