I learned Something interesting recently that might have to do with minimum wage increases.
Companies that are American companies but hire outside of the US still have to pay US minimum wage as a minimum (or something to that affect). So if you have A ton of people working in the phillipenes for instance, you can’t go lower than $7.25 if you increase minimum wage you increase it for all those outsourcing company’s employees making product way way more expensive and throwing off the local economy with much more money influx.
Am I saying increasing the minimum wage is wrong? No, I wholly support it. But that might be a reason as to why.
Like I said “or something to that affect”. I only know this because I was talking with someone who was in the Philippines who told me they made US minimum because of aforementioned law. I personally never dug into it but something to that affect exists (assuming the person wasn’t lying, which they had no reason to)
I would also present the possibility that companies, parent companies and sub companies don’t all work as US companies even if they are present majoritively for sale purposes in the US. As well as a parent, sub, or affiliated companies can all be based outof different places even if the others are not.
Apple is a great example where they have all their patents and ownerships based out of a company in a small country around south america (I forget the actual name) and Apple the parent company actually “purchases” licenses to their own products for tax reasons. Even though they are all under the same umbrella more or less
I learned Something interesting recently that might have to do with minimum wage increases. Companies that are American companies but hire outside of the US still have to pay US minimum wage as a minimum (or something to that affect). So if you have A ton of people working in the phillipenes for instance, you can’t go lower than $7.25 if you increase minimum wage you increase it for all those outsourcing company’s employees making product way way more expensive and throwing off the local economy with much more money influx.
Am I saying increasing the minimum wage is wrong? No, I wholly support it. But that might be a reason as to why.
That’s bs, my salary was way below US minimum when I worked in Mexico for three different US companies
Like I said “or something to that affect”. I only know this because I was talking with someone who was in the Philippines who told me they made US minimum because of aforementioned law. I personally never dug into it but something to that affect exists (assuming the person wasn’t lying, which they had no reason to)
I would also present the possibility that companies, parent companies and sub companies don’t all work as US companies even if they are present majoritively for sale purposes in the US. As well as a parent, sub, or affiliated companies can all be based outof different places even if the others are not.
Apple is a great example where they have all their patents and ownerships based out of a company in a small country around south america (I forget the actual name) and Apple the parent company actually “purchases” licenses to their own products for tax reasons. Even though they are all under the same umbrella more or less
If that was actually a thing, then the lawmakers would also have the power to change it.
They would, but they won’t. Because that would hurt their pockets. Same reason they won’t change a lot of stuff the people want/need