Restaurant Workers Lose Their Jobs Over Newsom’s $20 Minimum Wage

LOL. 1% of 1% have the same wealth as the entire middle class? Where do you get this stuff? You need to upgrade your reading material.

 

Because it doesn’t work — that’s why.

I just laid out that many of these multinational conglomerates underpay people and are then subsidized by the taxpayers. How do you feel this is a better option?

I also think states should be able to experiment — and seeing that most of the states with the poorest people, worst educated, lowest in quality of healthcare and life satisfaction are all bright red states — maybe y’all should try something different

 

I'll say again, what employer hires workers just because they are cheap as opposed to needed? If they are needed and their cost goes up does the need cease? Or is it a make believe problem?

 

Of course it works. It has worked for centuries. Entry level people deserve the opportunity to enter the job market and create a live of economic success and independence. The great majority of entry level people in the lowest income quintile have moved up within a few years. Legislation increasing the minimum wage deny many that opportunity and they remain on public assistance. To be human is to produce. To be human is not sitting on the couch waiting for the next welfare check. If entry level people qualify for social program assistance to help them for a few years while they are working and increasing their human capital via work experience and on the job training that is a great investment. In a very short period of time these people will have advanced to financial independence.

Bill Clinton had it right - people had to be working to qualify for welfare. To deny entry level the opportunity to work by pricing them out of the job market is disgraceful.

Why not increase the minimum wage to $40 per hour??

 

Approximately half of all workers in the US are employed by small businesses. If the cost of labor is artificially increased some small business models fail and those businesses close down. Other small businesses reduce labor costs by reducing the work force. Either way entry level people lose their jobs. That is exactly what happens and those who favor increasing the minimum wage know it. Econ 101.

 

If that were true, and all small businesses are subjected to the same minimum wage laws, why do only some fail and not all fail?

 

Differing business models.

 

The irony is that the businesses that would enjoy the most increase in their sales by minimum wage workers salaries going up are the very ones fighting the minimum wage going up.

 

Why? And whose standard of living?

This poor excuse for logic has been cited ad nauseum. It's not true because your opening statement is not true. Simply working full time does not guarantee anything other than what the employer and employee agree to for compensation.

What a company can afford has nothing to do with the market value of labor. Further, there are numerous reasons an employee may be perfectly happy to accept a job that doesn't pay your arbitrary "living wage". When you take away that option we all lose.

 

Which businesses are those?

 

NO.

No matter how you try to spin it, it IS a subsidy to the employer.

We dont pay people in the US based on who they are, we do it based on the job at hand.

https://www.statista.com/statistics/298852/minimum-wage-workers-in-the-us-by-age/

If you look that the real data, teenagers are NOT the majority, working adults are the majority

 

HUH ? You think wages are TO HIGH at the entry level ?

Show your work here…

 

UMMMMMMMM, What ?

ITS BOTH !

 

You are arguing that the social welfare system subsidizes businesses?

 

Google the supply vs demand curve.

 

YES !!!!!!!!!!!!

 

Ok, then show us all the supply and demand curve at each sector of the economy that is utilizing minimum wage….

The show us that same curve by geographical region and sector…..

 

That would be news to those who have created the social welfare system.

 

The same effect applies everywhere. When the price of a commodity is increased less of it will be consumed. Increase the minimum wage and fewer entry level workers will be hired.

 

I have posted the link to this article several times:
The top 1% of American earners now own more wealth than the entire middle class
https://www.usatoday.com/story/mone...earners-more-wealth-middle-class/71769832007/

 

So what?? Are you claiming that there is theft involved in this?? Wealth is not zero sum.

What is the wealth distribution in Russia, Iran, Red China, or North Korea?

 

It doesn't matter how many products are being manufactured if consumers do not have the money to buy them.

 

Where does this money come from???

 

Back to the basics: The US has a supply-and-demand economy. The US has a supply-and-demand economy. The US has a supply-and-demand economy. The US has a supply-and-demand economy.
Demand rivals supply in importance to a strong economy.

 

Supply always precedes demand. Which is exactly what Lincoln is saying.