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  1. #161
    Quote Originally Posted by Blur4stuff View Post
    Sounds more like a convenient excuse for people who couldn't run a successful business in the first place.
    Well why don't yooooouuuuu try running a business when all of your employees hate their job and their low pay. Not so easy, I bet :P

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    Quote Originally Posted by Mythic-RaidLead View Post
    And unemployment rate rises as a result.

    As @Endus pointed out (many times over), this doesn't actually happen. The increase in aggregate demand, as well as factors like better retention more than make up it.

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    Quote Originally Posted by Tenlo View Post
    Ah yes we must worship the businesses never be critical. If we hurt their feefees they won't tinkle I mean trickle down!
    Clearly the answer is to cut their taxes more.

    (/s)
    "We must make our choice. We may have democracy, or we may have wealth concentrated in the hands of a few, but we can't have both."
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  2. #162
    Quote Originally Posted by Mythic-RaidLead View Post
    And unemployment rate rises as a result.
    You're right, we should start paying people half minimum wage! That means twice the jobs available! What could go right?!

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  3. #163
    Quote Originally Posted by Dontrike View Post
    You're right, we should start paying people half minimum wage! That means twice the jobs available! What could go right?!
    You're thinking too small! Pay .001© and watch as all the jobs come! Money will tinkle down upon us in a golden shower of wealth and prosperity!

  4. #164
    Quote Originally Posted by Dontrike View Post
    You're right, we should start paying people half minimum wage! That means twice the jobs available! What could go right?!
    To hell with that! Lets sell ourselves to the company store!!!

  5. #165
    Old God Vash The Stampede's Avatar
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    Oh Noes, where else I can work for slave labor?

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    Quote Originally Posted by Tenlo View Post
    You're thinking too small! Pay .001© and watch as all the jobs come! Money will tinkle down upon us in a golden shower of wealth and prosperity!
    Pfft, you guys are lucky I'm here. You pay them nothing, and they get to eat the leftovers from customers. You'll never see cleaner dishes.

  6. #166
    Labor is not the only part of the equation for full-service restaurant in Seattle. The city also has some of the highest lease rate in the US. Not to mention competition from the proliferation of the so-called “virtual restaurants” — kitchens that exist only to serve delivery customers and the food truck industry. The business model is changing rapidly.
    Last edited by Rasulis; 2020-01-02 at 07:17 PM.

  7. #167
    Relevant; Seattle passed a $15 minimum wage law in 2014. Here's how it's turned out so far

    Consensus? Clueless...

    ----------------------

    One of the challenges of measuring Seattle's experience with the minimum wage hike is that the city's economy is in a period of robust growth. Since the wage increase began in 2015, Seattle/Tacoma's job growth has slightly outpaced the state of Washington as a whole, at 12.9%. The city's population has increased some 13% over 2015, according to the Washington state Office of Financial Management. Average hourly earnings were $39.38 in October, an increase of 14.5% from the same month in 2015.
    That prompts a question: Are higher wages necessary due to the hot economy, or has the economy continued to grow due to higher pay?

  8. #168
    Quote Originally Posted by Shadowferal View Post
    Relevant; Seattle passed a $15 minimum wage law in 2014. Here's how it's turned out so far

    Consensus? Clueless...

    ----------------------

    One of the challenges of measuring Seattle's experience with the minimum wage hike is that the city's economy is in a period of robust growth. Since the wage increase began in 2015, Seattle/Tacoma's job growth has slightly outpaced the state of Washington as a whole, at 12.9%. The city's population has increased some 13% over 2015, according to the Washington state Office of Financial Management. Average hourly earnings were $39.38 in October, an increase of 14.5% from the same month in 2015.
    That prompts a question: Are higher wages necessary due to the hot economy, or has the economy continued to grow due to higher pay?
    Since it's one city it's hard to judge ofc but then again.
    Europe and US is a consumer based economy that achieves growth when people spend money. A minimum wage increase will benefit the people that don't work out of town or live close to the town so the money they spend will change hands within that local community.

  9. #169
    I have to say, OP getting ripped a new one with the data and logic by so many of posters is kinda awesome.
    But yeah, when a restaurant complains about something like this, you can bet with a high certainty that they expect customers to keep the staff "paid" with tips. It is not business, but failure...

  10. #170
    Quote Originally Posted by Mythic-RaidLead View Post
    No surprise here. Liberal policies pretty much never work. Picking a fight against business never helps anyone.
    I would like to point out to all right-wingers that without liberal policies people would still be working 16 hours a day till the day they died.

    When a certain policy fails liberals try to fix it
    When a certain policy fails conservatives double down on that failed policy

    The minimum wage increase was whatever you opinion about the matter a necessary ''experiment'' at leas. Wages always need to keep up with inflation regardless of the ''skill level'' of that job.

  11. #171
    Quote Originally Posted by Easo View Post
    I have to say, OP getting ripped a new one with the data and logic by so many of posters is kinda awesome.
    But yeah, when a restaurant complains about something like this, you can bet with a high certainty that they expect customers to keep the staff "paid" with tips. It is not business, but failure...
    I mean, the fact that they have to use such a high failure rate business as a restaurant as an example is an indicator to the contrary, imo.

    If the "problem" were real and pervasive, then there would be better examples than restaurants.

    Fun fact, Portland, Maine was the top food destination in the country in 2018, while also having a higher minimum wage than most (all?) of Maine at the time due to local ordinance. The increases in state minimum wage has *not* hurt the restaurants in Portland.

  12. #172
    The Insane Acidbaron's Avatar
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    This is because of the terrible tip system in the US and the owner not accounting for the salary, i am however not surprised that the creator of this OP doesn't know this, a familiar who often if not always fall for misinformation pieces that fits his side rhetoric.

    If other countries can make it work by paying their employees properly i am sure the US at some point can to if the political will is there to do anything other than line their own pocket and lie to their base.

    Higher minimum wage means more money rolling in the economy, so higher minimum wages are actually a boon if you understand a tiny fraction how an economy works, excess funds in worker pockets equals spending money.
    Last edited by Acidbaron; 2020-01-04 at 08:28 PM.

  13. #173
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    They get massive tax breaks, then Republicans whine that raising the minimum wage will put them out of business. Just... roflmao.

    If you get massive tax breaks which were SUPPOSED to stimulate the economy and give people better wages, then your business can't survive paying your workers a tiny bit more, you were a failing business anyway.
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  14. #174
    Old God Vash The Stampede's Avatar
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    Quote Originally Posted by Cthulhu 2020 View Post
    They get massive tax breaks, then Republicans whine that raising the minimum wage will put them out of business. Just... roflmao.

    If you get massive tax breaks which were SUPPOSED to stimulate the economy and give people better wages, then your business can't survive paying your workers a tiny bit more, you were a failing business anyway.
    Right now people are leaving certain states because of high taxes. Particularly New Jersey and California as well as the tri-state area. Even a $15 minimum wage won't fix this. Everyone was predicting 2020 is when the economy crashes and it looks to be coming true. Just a matter of time before the stock market crashes as well. $15 is too little too late.

  15. #175
    Quote Originally Posted by Vash The Stampede View Post
    Right now people are leaving certain states because of high taxes. Particularly New Jersey and California as well as the tri-state area. Even a $15 minimum wage won't fix this. Everyone was predicting 2020 is when the economy crashes and it looks to be coming true. Just a matter of time before the stock market crashes as well. $15 is too little too late.
    The people that are leaving CA are not the ones affected by the tax. High income and highly educated people, the ones most affected by the state's high income tax, are still moving in droves to CA. This interstate migration pattern—gaining large numbers of college graduates while losing large numbers of less educated adults—doesn’t happen anywhere else in the US. Over the past five years, California has attracted 162,000 more college graduates (adults with at least a bachelor’s degree) from other states than it has lost. Over the same period, the University of California (UC) awarded about 300,000 bachelor’s degrees at its nine undergraduate campuses. In other words, interstate migration provides California with half as many college graduates as the entire UC system.



    There are approximately 618,000 “millennial millionaires” — those with a net worth of over $1 million — in the United States. Almost half, 44%, of the millennial millionaires are concentrated in California. The state also has the highest percentage of millennial business owners in the US (23%). Per Coldwell Banker Global Luxury and Wealth Engine 2019 Report.


  16. #176
    I suspect that this was posted earlier; American Consumers, Not China, Are Paying for Trump's Tariffs

    American businesses and consumers, not China, are bearing the financial brunt of President Trump’s trade war, new data shows, undermining the president’s assertion that the United States is “taxing the hell out of China.”

    “U.S. tariffs continue to be almost entirely borne by U.S. firms and consumers,” Mary Amiti, an economist at the Federal Reserve Bank of New York, wrote in a National Bureau of Economic Research working paper. The other authors of the paper were David E. Weinstein of Columbia University and Stephen J. Redding of Princeton.

    Examining the fallout of tariffs in data through October 2019, the authors found that Americans had continued paying for the levies — which increased substantially over the course of the year. Their paper, which is an update on previous research, found that “approximately 100 percent” of import taxes fell on American buyers.

  17. #177
    Yup, the evil libs are cutting the heart out of America one 2.99 an hour job at a time. Its a shame the owner couldn't sustain the normal house, the lake house, and the beach house over having to pay them a wage that at least allowed the employees to get a bus pass to get to work. It shows the owner had America in mind when he only could have 2 of those homes and rage quit over it.

  18. #178
    Oh no, not my below-subsistence job! Whatever will I do?

    "You'd better not ask for more than crumbs, or we'll take your crumbs away!" - Fox Business.
    Quote Originally Posted by Tojara View Post
    Look Batman really isn't an accurate source by any means
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    It is a fact, not just something I made up.

  19. #179
    hmm...Taco Bell will try paying some managers $100,000 a year — but In-N-Out Burger already pays managers $160,000

    The home of Doritos Locos Tacos says it’s going to test paying managers $100,000 a year at some company-owned locations in the Northeast and Midwest starting later this year. Taco YUM, -1.23% announced the plan Thursday and also said that as of Jan. 1, 2020, all of its company employees “can become eligible to receive” at least 24 hours of paid sick time per calendar year.

    Demos concluded that the wide pay disparity was a risk to the sector, in part because it could taint consumers’ perception of the industry, but also because low wages opened the sector up to legal risks such as class-action lawsuits filed by employees alleging wage theft. A separate 2013 study by University of California Berkeley economists found the fast-food industry has the largest share of workers who rely on public benefits, with 45% using government assistance.

  20. #180
    all of its company employees “can become eligible to receive” at least 24 hours of paid sick time per calendar year.
    Should I cry? Or should I laugh?
    I can't describe the ridiculousness of this.

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