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View Diary: Why $17 an Hour Should be the Minimum Wage (95 comments)

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  •  I worked for GE Healthcare as well (1+ / 0-)
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    VClib

    in the ultrasound division.  

    You are correct that any minimum wage increase wouldn't really change the marginal cost of production in the factory.  I know for a fact that no-one in the CV ultrasound factory made less than $32k a year (of course the CV Ultrasound factory is in Norway).

    But it would effect costs for components, shipping, accessories, etc...

    Also this would create a headwind in future sales as individual physician practices, already being pressured by changes in reimbursement, would put off future equipment purchases if they had an increase in labor costs of $35k a year.   Same thing in the hospital environment if they had to bring everyone up to $17 an hour.

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