A Low Minimum Wage is Welfare for the Rich. Here's How.

[tecelote]

A low minimum wage is welfare for the rich.

Walmart pays employees $7 an hour forcing their employees to apply for welfare because they can not live in a healthy way for the wages they are paid.

As taxpayers, we pay for welfare.

So the money that Walmart would have to pay employees allowing them to lead healthy lives is subsidized by us using our tax money.

Walmart doesn't have to pay a living wage. We allow Walmart to pay employees a sub-standard wage and we make it up with our taxes supporting welfare. That money we pay in to welfare is basically profit for Walmart and distributed to Walmart stockholders.

Despite what Republicans think, people on welfare do not want to be on welfare. They want to be paid a livable wage. They work for it. They deserve it.

They deserve it a hell of lot more than the rich fucks that might get a .0001% increase in earnings.

[guillaumeb]

1. Economists refer to it as externalizing costs.

Similar to when an oil company ruins part of the ocean, does a bad job of cleanup, and taxpayers pay for the rest.

And 51% of WalMart stock is owned by the Walton family.

[Phoenix61]

2. It's corporate welfare

Apparently, that's a good thing. Welfare that helps people feed and house themselves and stay healthy is bad. So say the repubs. I've gotten into more arguments then you would believe trying to get someone to understand why raising the minimum wage to a living wage is a good thing.

[whathehell]

3. Yes.

Well said.

[TheDebbieDee]

4. And thereby, indirectly, companies that pay their employees liveable wages

wind up taking up the slack for those companies that underpay their employees and subsist on corporate welfare...

[tecelote]

5. Good point!

Costco supports Walmart through our taxes.

[TheDebbieDee]

6. Exactly!