Like most liberal policies raising the minimum wage will hurt the very people it is meant to help. Businesses can't just raise prices at the snap of their fingers and in the mean time several will close forcing people who can least afford it out of work. Initially it will have employers letting go lower skilled workers in favor of people with more experience in skills who will now be willing to go into those positions because the wage is higher, forcing the people who can least afford it out of work. It will drive companies to innovate ways to have fewer employees through automation, again, driving the people who can least afford it out of work.
But, I say if you want to pay entry level, lower skilled workers $15 and hour, go for it. Open your own restaurant or hotel or whatever and see how it works. See how many bankers will invest in your business plan when you say stuff like "yeah, I am going to have 50% higher labor cost," and please where a go pro so we can all watch them laugh and fall down. See how long you can operate at the same price structure as your competition making less or potentially no profit. See how long you can keep your people employed at the higher wage when you are not making enough to cover any wages.
It sounds great, let's pay everyone a minimum $15 an hour, but the problem is that what that really means is everyone that is employed gets that. The people who are not employed will not get that and that number increases. It is happening in San Francisco, it is happening in Seattle and every where else that they raise the minimum wage to significantly higher than the minimum wage. In the end it hurts the most the people who it is intended to help.
Of particular interest is the part about increasing minimum wage increasing worker replacement by machines.
This one is just to show that I too can search the internet to find a site that says what I want it to say.
"How fucking lazy are you?"
Too lazy to learn how to read minds. How am I supposed to know what studies you are referring to if I don't ask?
And as I suspected, as always anyone can find somebody on the internet who will tell them what they want to hear.
I guess we shall see in the long run.
Always glad to see how much liberals say they love and care about others and Conservatives are so mean and evil.....than... BAM ..people like Shah Burnham and her employees at this Pizza parlor feel the real pain of left leaning misguided policies.. and you just sit back and call these real people.. anecdotal evidence.
"We reached out to 15 Now Seattle, the organization that pushed for the higher minimum wage. Director Jess Spear hadn’t heard about Z Pizza’s decision to close. So she wouldn’t comment specifically on that, only saying: “Restaurants open and close all the time, for various reasons.”
Jeran wonders about all the rallies that were supposed to be about making life better for people like him.
“If that’s the truth, I don’t think that’s very apparent. People like me are finding themselves in a tougher situation than ever.”
Shah Burnham is concerned about where her employees will end up when she does close.
“I absolutely am terrified for them. I have no idea where they’re going to find jobs, because if I’m cutting hours, I imagine everyone is across the board.”
We asked Seattle’s mayor and City Council members if they had anything to say about this closure or the other business owners who might be struggling to adapt to this new wage law. But we have not heard back from them yet."
well, our education system is run by Liberals from Washington. need any more excuses on that issue ? The local people have given our system over to them now what ?
Artrogue, I trust that Troll will recognize that the site merely lists studies conducted at places like UofChicago and Harvard and Princeton. Your Forbes article claims one pizza place as evidence of something. Maybe conservatives have trouble with evolution and climate change because you don't know the difference between anecdotal evidence and statistical significance.
First of all..anyone that reads the posts on here and makes an effort to discuss issues is not lazy. Of course, since you don't share his opinion ..well..that makes him ??
Probably Troll was smart enough to know that site is a biased load of crap.
You cannot raise the minimum wage willy nilly and not expect an increase in costs.
I wish we could all make 20+ dollars an hour, but we do have to operate in the real world.
From Seattle's increase:
How fucking lazy are you? There is an actual website called http://raisetheminimumwage.com with all the details you need. It took 2 seconds to find.
Here is the research on joblosses
"actual economic studies of raising the minimum wage show very little impact on consumer prices or employment, historically."
Perhaps you could link us to these studies.
Now you've compounded your mistake by including employment. As opposed to claims made by companies like Chipotle, actual economic studies of raising the minimum wage show very little impact on consumer prices or employment, historically. In fact, many economists argue that we should keep raising the wage until the impacts are measurable.
If Chipotle loses business, it'll be to Moe's, who will keep their prices down, and there will be no negative impact on the economy, only loses for Chipotle and gains for Moe's. Moe's will make up for the loss in margin by an increase in volume, as more people on minimum wage can afford to eat out.
Look closer into Henry Ford's wage increase of the day and than come back and apologize to Trollslayer.
It's already started: http://www.chicagotribune.com/business/bre…
Raising costs results in raising prices of just about any product.
Perhaps we should teach more math and business economics.
" If a restaurant increased prices to cover the cost of their min wage employees, our demand for their food will drop"
Thus resulting in former employees receiving no wages instead of minimum wages.
What a wonderful idea.
Increases in minimum wage do not cause inflation. If you want to claim that they do, please provide data from previous min wage hikes. The reason is that most of us do not make minimum wage. If a restaurant increased prices to cover the cost of their min wage employees, our demand for their food will drop. We will choose substitutes like eating more meals at home. Thus businesses must take the hit for the cost of the wage hike or alienate their non minimum wage earning clientele who have not gotten wage increases.
Perhaps we should teach more economics.
"But we also need a pay raise in this state"
If we need a pay raise in this state, it is largely because of inflation. What was once enough, no longer is. The problem with artificial wage increases is they cause inflation, thus self-defeating. This is why we keep coming back to this issue time after time.
"a prosperous workforce spreads and magnifies the prosperity."
So you agree - a prosperous workforce is an educated and valuable workforce, not a briefly (until prices quickly catch up) overpaid minimum wage workforce.
Dear, trollslayer. They all said Henry Ford was mad when he chose to pay his workers $5 a day, enough so that they could buy the automobiles they were building. Result, a boom not a catastrophe. Similar wage improvements have had similar results.
There are many medicines that may have negative side effects but we weigh the risks and the benefits and, far more often than not, we take the medicine and enjoy the benefit. I draw that analogy before I mention unions but thanks to unions and unionization, we have all benefitted with a richer, freer and productive life and society.
We didn't get televisions and computers because of cheap labour on Asia, we got them from good wages in America. That corporate hogs seek to fatten their profits by milking the cow from both ends, doesn't change the reality that a prosperous workforce spreads and magnifies the prosperity.
"figured a man of your rhetoric would be touting more investment in education."
Warwit has the right idea here; the way our of poverty is not minimum wage increases but rather education to learn a skill that is actually worth something.
It is unfortunate that both political parties now have to resort to bribery to keep their bases happy; the Republicans through ruinous tax cuts; the Democrats through price and inflation increasing minimum wage hikes.
Increase wages; increase prices. Who gets hurt most by the price increases? Why those who are just getting by to start with.
You know, those who just received the minimum wage hike.
There is a word for this: It's called inflation.
Will Moredock for Governor! No, President!
I have 800 words to make my point and my space was used up. Yes, we need more investment in education -- a lot more. We need a progressive tax structure -- rather than the most regressive in the nation -- to pay for that education. But we also need a pay raise in this state, something that would give people a little hope, that would allow them a little breathing space, that would ease the stress and tension of just paying the rent and buying the groceries. People who are living from hand to mouth are angry, intolerant, easily frightened, easily manipulated. Of course, a lot of people like it that way, but it does not make for good governance or a good society.
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