Put another way, if McDonald's gave everyone a $3.50 raise in 2013, they would have not made a profit.
Not saying that McDonald's is right or wrong in their practice, but when you spread out money it really doesn't go very far.
BTW a major factor people tend to forget about companies is to look at what market they are in. Companies that care only about costs are going to treat their employees like crap because their employees are simply an expense they have to bear.
Costco doesn't treat their employees as an expense, they treat them as an investment. They believe that by treating their employees well their return will be enough to allow this additional expense. Aka a better environment for their customers, lower theft, etc.
Short term the former is nice, since you only get employees that are awesome after a long time. Given the huge emphasis today on short term gains, guess which companies are doing "better".
Is that enough or do you want me to go out and get some case studies as well?
You're still failing to provide evidence as to how the corporation is the party at fault.
What about : http://www.rollingstone.com/politics/news/ripping-off-young-... from https://news.ycombinator.com/item?id=6224982
Did you even look at that? Just because you were lucky enough to be able to pay off your loans doesnt mean everyone is. What if they dont find a job in their field? And have to work at minimum wage?
What about the veterans that come back from fighting for the country which includes these 'corporations'? Do the corporations guarantee them a higher salary?
http://www.epi.org/blog/raising-minimum-wage-benefits-millio...
What about : http://www.bloomberg.com/news/2011-12-28/minimum-wage-in-u-s...
How is that not EXPLOITATION? Just because the rich people are able to keep minimum wage low by having funds and time to spend lobbying, does that mean that it is correct?
How does costco manage to do this without going into the red? Im not whining that theres no security, i'm stating that making the claim that there is security is WRONG. How about you read with your eyes open? thanks.
Edit: clarification. Edit2: another proof that you can make a profit while actually caring for employees: http://www.theatlantic.com/business/archive/2013/03/the-trad... Edit3: The supply and demand crap you spew is total garbage. Nothing is 'just supply and demand'. There is much more including profit creation as a result of fulfilling demand with supply. All I suggest is reduce the profit slightly so you pay your low level workers more. They already make less than a third of what people with education do. How about making it equal to or slightly more than a THIRD?