Mark Cuban: 'If people can't afford to buy basic goods, there is no economy'

  • 📰 MSNBC
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 51%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

'I think a federal minimum wage of $15 is critical,' says Mark Cuban. 'A lot of people might say it puts small businesses at a disadvantage, but the reality is ... then we create a consumer base where people are actually able to afford to buy things.'

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Run for president

Democrats want $15 minimum wage because minimum wage jobs is all they know how to create.

How much would the top 2% pay to avoid working with the coronavirus patients? That's what we should be paying the workers now.

You are so right. That’s what they don’t get. The 1%can only buy so many houses and yachts. It’s the middle class that buys most products and if they can’t afford to buy them then your business suffers.

Might want to think beyond basic goods, most people can't pay basic cost of living for less than $15 an hour.

I don't have a problem with paying a federal minimum wage of $15. per hour but that means my technological job is worth a lot more than $24 an hour correct & the years of studying, college & all the on the job training means that that we should be giving a heafty raise as well.

Until the cost of goods sold increases proportional to the wage increase then it impacts all consumers.

A lot of people say Trump is an idiot with a court jester/fool as VP.

Mark Cuban is either misinformed or is saying this intentionally to pass an increase and benefit himself. Either way, this is completely WRONG. This video explains:

But can you give $15 per hour to a McDonalds counter person & the same minimum wage to a worker in a more dangerous position or more difficult job. And, all 50 states are not the same as to economics.

This Man US NOT A REPUBLICAN in any sense of the word !!!

janellesart Henry Ford basically believed the same thing. Pay your workers enough and they can buy your products.

Hey mcuban Great idea on the $15 per hour wage. However now let me tell you what will happen!! The price of fry's will go from $1.00 to $1.50. this will be the same for everything. The way the economy will go so will the pay rate. realDonaldTrump

I agree with the 15.00 per hour. I just don't agree with the drastic jump. This should have been made gradual years ago. Bump it up 5.00 increments every couple years. Until we reach 15

Now is not the freakin time to talk about this.

15 dollars is not enough, 15 was what it should have been ten years ago. Most households can not survive on 15 dollars an hour in this economy without struggling deeply.

The people are coming for you. The Revolution will not be televised.

Would this $15 minimum wage apply to high school students living at home wanting to earn a few bucks spending money? Seems high why not have a system that works for everyone involved instead of a hard and fast number? Should a waiter making $250 a night tips need $15 an hour?

A rising tide lifts all boats!

D👍🏻🇺🇸

Why $15 Mark ? why not $17?, why not $13. What is the rationale behind $15. And is this a stagnant number or is it tied to a financial economic metric?

Financial crises promots people to be careful with their money. This is trouble for the American economy which is completely dependent on consumers spending and taking on debt. Proof? Here are thousands of people lining up in their financed SUV’s waiting hours for $30 of food

Here Cuban gets a bail out. No sympathy for the RICH.

Hey let’s get this problem taken care of first,

This is exactly right. Decent wages at the lower end will almost entirely be spent into the real economy this boosting overall activity. People earning 15 dollars an hour are not going to be investing that money. They are going to spend it.

Why do most people think prices will dramatically increase when most goods are produced overseas?

This is something 'libs' have know for a long time.

It’s called a living wage. The economy would do so much better when people are making enough to spend.

Thank you and honestly 15.00 0er hour is hard to live off of even with the cost of living. Thank you for understanding and support to raise mim wage

“Billionaire business man wants government to implement policies to put potential competitors out of business.”

You say as you sit in your posh home with millions of $’s at your disposal. Shut UP!

Don't get me started- 2 late.

Minimum wage should be $20hr. You got people with degrees flipping burgers. Pay the American people!!!

Then prices go up and they are all in the same position as before. It’s basic math and economics.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 469. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines