Chapter 115: A Shadow of the Minimum Wage
Roy lay on the bed and closed his eyes to recuperate, and chatted, "What kind of progress did Jamie join your progress club, did you prompt it?"
"She should have applied on her own, and we only met later when we were at the club meeting. Elsa said.
Roy was a little depressed when he thought of Jamie, this good girl, with such a high artistic taste, why did she join some labor and management rallies.
He sat up and asked seriously, "Tell the truth, why did you join this organization? Is it because you are usually idle?"
"Hey, I'm a senior salesperson at Macy's, and I'm completely different from those unemployed lazy people. β
"I know, you're in the LV store, and Donna is in HermΓ¨s. This job is glamorous and lucrative, although it usually works hard, but it won't be so boring after work. β
Elsa asked smugly, "Don't you really know why?"
Isn't this nonsense? Roy asked patiently, "Really...... Would love to ...... Get to know you. β
"Hey, kiss me, and I'll tell you. β
"Bo'er ......"
"Hee-hee, count yourself on as good. This is actually what Donna told me, and she said that whether it is a minimum work law or a minimum wage, it will allow us to keep our jobs so that those who rely on government welfare assistance will not be able to compete with us. β
Sounds so complicated. Roy was confused: "Is there a relationship between the two?"
"Of course. When the minimum wage is raised by the government, those of us who are already employed are the beneficiaries. And those who don't have a job have no competitive advantage in the first place, and now that the competition threshold has been raised again, they will definitely not be able to find a job. β
What Elsa means is that if a disadvantaged person offers a salary of only 800 yuan, he will be very competitive in the market, but the minimum wage is 2,000 yuan, and his own ability is not worth so much money, so unless he can improve his skill level, he will not want to have a job in this life.
"Scheming. Roy sighed unconsciously, and at the same time a little skeptical, how did this concept become popular within their company?
If you think a little further, is it possible that the owners of large companies and shopping malls deliberately promote this ideology in order to lobby the government to implement the minimum wage law and raise the minimum wage standard?
Workers in small factories, shopping malls, and shops are paid relatively low wages, but if wages are raised, the cost of doing business in small businesses may rise to the point where they cannot continue to operate.
They're bankrupt, they're unemployed, and that's good news for the owners of the big factories, the big stores.
In "The War Against Capitalism in South Africa," the economist Williams has an all-white guild that has a statute in its constitution that supports the government's minimum wage law against blacks.
Instead of loving blacks and caring about what blacks earn, they want to increase the cost of black competition. As a result, jobs flow from blacks back to whites.
It's too much of a chicken thief, it's too much of a chicken thief!
It turns out that there is still this kind of operation.
Roy suddenly realized, and was ready to go back and talk to Keno, who was familiar with economics, to see if his company could also use this despicable method.
"Elsa, do you know why Jamie joined this organization?"
"Uh...... I don't know, maybe it's for world peace. β
World peace?!
Roy Khan, it's really fake, it's so exaggerated, if it's a girl with the attributes of a virgin, you have to be careful.
He was about to talk about the major events of world peace again, when the phone rang, "Hmm...... What?PayPal move so fast...... Also joined in?!...... Okay, I'll go back right away...... Uh-huh, I have an arrangement......"
Roy hurriedly put on his clothes and kept $1,000 as usual.
Elsa immediately exploded when she saw her, and she, who had always been docile, asked with an unkind face: "What do you think of me?!"
Seeing that the situation was not good, Roy embarrassedly took the money back, and asked, "What should I take you for?"
"You should ask yourself that. β
"Okay baby, I really have something to do today, okay to give you an LV as compensation another day?"
"I don't want it. β
Roy observed that the corners of Elsa's mouth rose slightly, and she looked arrogant, knowing what the problem was, it turned out that she was selling cheaply. But a LV bag is tens of thousands, to be honest, he is not rich now, and it seems that he will not be able to afford it in the future.
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Roy hurried back to the company, Noah's office was still brightly lit, and during this time, not only Roy and the technical team were working hard, but Noah also dealt with a lot of chores, which was not easy at all.
He walked straight into Noah's office, took a bottle of juice from the refrigerator, sat down and drank it calmly.
"Hi Noah, you always call me at night, if I'm in a relationship, don't think about getting married. β
Noah stared at Roy's good mental state, a little surprised, in his impression, Roy has been nervous and under the most pressure.
"What's the matter, there's a good way to deal with it?"
Roy shrugged his shoulders and spread his hands, and said helplessly: "No." In the face of PayPal's strong advertising follow-up strategy, Roy has no way, and now coupled with the fierce intervention, the entire payment market has officially entered a tragic subsidy war.
And it's a battle with no winners, unless someone makes a "moat" on the software and has the property of a commercial barrier, and the form is expected to be reversed.
But the reality of Internet competition is that "network effects" are the only barrier that relies on a snowballing advantage to crush opponents.
According to the current user share of the market, no one can guarantee that their company is the final winner.
Noah was a little surprised to hear Roy's answer, and now that the competition in the payment field has reached a stalemate, isn't Roy worried?
Roy isn't without pressure, but he's a competitive player, and through a few battles with PayPal, he's getting better and looking at things more optimistically.
"I just looked at the financial statements, and if we follow the trend of multiples of users, we are optimistic that our company's cash flow can support up to 4 months. β
"Understood. β
"So, Roy, we only have two paths in front of us right now. First, quickly brush out the company's performance and raise a large amount of money within three months. Second, take a surprising approach and overtake in corners. β
Roy fell into deep thought, the current situation of the company, has not yet achieved a competitive advantage, if the financing is announced at this time, not only will the money not be much, but also the current subsidy war that spends money like a stream of money will not be of great help, but only to delay the death period.
As for surprising wins and overtaking in corners, this can be operated and may be able to receive miraculous results. But it's more about luck and wisdom. There is no unimaginable brain hole, and the opponent who is difficult to fight is caught off guard.
The two discussed two sentences from time to time, and spent most of their time writing and drawing on paper, hoping to find a way out for the company to survive.
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On the side of PayPal, Peter Thiel also frowned, he had not interviewed Roy for a long time, and now he really regrets that he did not agree to Roy's application requirements, and created such a difficult opponent for himself.
The fat man analyzed on the side: "Peter, if we continue to fight the subsidy war with the worry-free company, we are likely to lose both sides in the end." β
The thin man said: "What are you afraid of him for, we have the support of a venture capital company behind us, and we will definitely boil the opponent to death first." β
The fat man said: "Don't forget, there is another one, Musk has just sold his map company for 300 million, and he will definitely not be short of money in his hands." β
Peter has already weighed it in his heart, and now is only the beginning, and the competition of financial resources is just the lowest threshold of admission, and no one should try to take advantage of it.
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On the other side, Musk also did not hesitate to make the same decision, this needle-tip wheat subsidy war, as long as he enters the battlefield, no one can turn back. Whoever has the strongest endurance will have the last laugh.