Clearly in the case of restaurant workers, tipping should be a consideration possibly exempting these small businesses or lowering the minimum wage threshold.
You make a good point about the increased competition and demands on workers but I feel you falsely assume that labor costs must be absorbed by workers and consumers, especially for huge, profitable corporations that hand out massive dividends, bonuses, and see huge capital gains through their stock prices and investments.
Clearly the 1% does not make the majority of profit through hourly earned income and personal wages. It comes from excessive bonuses, and executive compensation and preferential tax treatment for capital income such as dividends and stock sales.
What I think is apparent, but perhaps not obvious, is that with the top 1% feasting on low tax capital gains, some method of forcibly “trickling down” the gains of capital and specifically the fruits of labor is beyond overdue.
If Reagan was an actual economist, he would have observed that trickling down is involuntary to the monied class — whose armies of high paid accountants work tirelessly to lower “taxable gains” and of course annually increase profitability of corporate assets through wage suppression and “optimized” work scheduling.
Since “trickle down” has failed to address the need for a working wage for willing earners, it must be forced. Much like a fox guarding a henhouse, voluntary redistribution by the 1% is just not showing sustainable results for society (the henhouse.)
If the rich get to keep the benefit of low capital gains taxes and inheritance taxes, then the least we can accommodate is a more fair distribution of labor income to benefit … wait for it… the *laborer* aka the hard working blue and white collar American currently being squeezed of all societal benefit by the 1% globalized corporatist structure.
I’m looking at you WalMart … a company whose huge profits are subsidized by the taxpayer through food stamp programs for their “valued” workers who aren’t making a living wage as employees.
Talk about taxation without representation, the tea party should be all over the foisting of labor costs onto taxpayers by profitable corporations.