California hikes minimum wage to $20/hr. Workers now make $0/hr

[newwurldmn]

Akin to saying "I'm thin now, why should I keep dieting?"

However, I believe you'll be right when human nature is perfected.

Not the same analogy at all.

Maybe better would be "the chemo killed the cancer, and so i should keep taking chemo"

Unions were instrumental in creating workplace safety standards. Now OSHA does a good job of that.

 

[UsualName]

If that's so then it's interesting how many tens of millions do not see things that way.

It’s a very interesting time we live in. There is a big disconnect between data and personal sentiment on many issues. But generally speaking the data shows more people have access to things like flexible work schedules and higher salaries and much of this is due to technology.

 

[UsualName]

First off some of you should read the law:

The new law, signed by Governor Gavin Newsom last fall, requires that fast-food chains with 60 or more locations nationwide pay their workers at least $20 an hour. The means the state's 553,000 fast-food workers will earn more than the state's $16 minimum wage for all other industries.

Bottom line is minimum wage has increased over time and the same arguments about wiping out businesses and jobs are raised yet here we are still thriving.

Fast food chains will have to raise their prices but fast food is not as cheap as real food so it is not going to crush the economy that a Big mac meal costs $10.25 instead of $9.95. As long as the wage increase is reasonable and phased in...that is all that owners can hope for. $16 to $20 is not going to destroy a place running well but could put the nail in the coffin on a restaurant with one foot in the grave and who refuses to pass on the costs. Even if they refused to raise their wage they would lose employees to other places that pay better...free market kind of.

A restuarant that closes due to that wage increase was basically barely scraping by if they could not take the cost and spread it out efficiently on their food items for marginal 5-8% price increases. If not wages there are price/cost increases on food items, transportation, rent, financing etc...

Often higher paid workers spend more as long as hte increases are in line with market forces. A restaurant that keeps workers at a lower wage level gets shittier workers and the job suffers and the quality suffers and the place is not successful.

Mom and pop restuarants are exempt but nothing stopping htem from paying more and raising prices.

It’s a big coincidence that we are discussing thins while the March jobs report surprised to the upside.

 

[Ricter]

Maybe better would be "the chemo killed the cancer, and so i should keep taking chemo"

Not a good analogy. To exploit others (and overeat) are parts of (some) human natures and do not "go away" like cancer.

 

[Ricter]

It’s a very interesting time we live in. There is a big disconnect between data and personal sentiment on many issues. But generally speaking the data shows more people have access to things like flexible work schedules and higher salaries and much of this is due to technology.

If true than our Gini coefficient should be falling.

 

[Mercor]

A wage increase from $16 to $20 also brings in more tax dollars to the state

 

[Tony Stark]

Gotta say great job by Newsom.Most democrats say they support a higher minimum wage but would never actually support a bill like this.

 

[Ricter]

We need to expand ownership of our existing stock of businesses, not wages per se.

 

[UsualName]

If true than our Gini coefficient should be falling.

Maybe it has? We will have to see.

 

[Tony Stark]

Your IQ couldn’t handle being a liberal.

Says the liberal who's against unions and minimum wage increases.