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by iopq
4680 days ago
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if not for government programs, nobody would work at Walmart
they would literally not be able to afford to work there, so they wouldn't even accept the job if offered because it wouldn't pay their expenses since the opportunity cost would be too great a few retirees or people living with parents would work there, but not enough to fill out their work force
this is because wages for unskilled labor tend to approach the minimum you have to pay for people to live
and since the government is footing the bill to reduce that minimum to very little, Walmart can get away with paying very little if government decided to take away all benefits for people currently employed, Walmart would have to raise their wages because the workers would quit in droves to sit on welfare instead |
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Could you explain, ideally by using numbers (either real or example) to illustrate your argument? Something along the lines of:
No government subsidies, no job at walmart: earnings + unearned income = $x
No govt subsidies, job at walmart: earnings + unearned income = $y
etc.