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One thing that the pro $15 crowd often seems to forget is that you can make the minimum wage whatever you want but businesses are not forced to employ people .
I know of several businesses in L.A that have mentioned they can make more money selling the real estate instead of running the business . Carneys is one example .
I can see a lot of existing businesses shut down and get turned into housing since there is a housing shortage here .
CA min wage law has already passed but I don't see it happening on a national level .
This would push a lot of investment to outside the country as the numbers wouldnt work here.
The concept of "let's see if people will pay much more to cover our increased labor" is risky.
Dems grasping at straws... pretty obvious. i'm all for this level of compensation if it is created through market forces and not political forces.
have to love the dem playbook - $15/hr minimum wage / healthcare for all / open borders / etc. that's a great plan (sarc.) they must not have read the estimated projected $400 TRILLION shortfall in global pensions and nearly 100 TRILLION shortfall in promised liabilities here in the US.
Yes exactly if market forces push a $15 fast food wage thats one thing . In L.A I already see some fast food type places offering above min wage like $12 plus wages . One example is habit burger. IN N OUT burger also pays above min wage .
One thing that the pro $15 crowd often seems to forget is that you can make the minimum wage whatever you want but businesses are not forced to employ people .
I know of several businesses in L.A that have mentioned they can make more money selling the real estate instead of running the business . Carneys is one example .
I can see a lot of existing businesses shut down and get turned into housing since there is a housing shortage here .
CA min wage law has already passed but I don't see it happening on a national level .
This would push a lot of investment to outside the country as the numbers wouldnt work here.
The concept of "let's see if people will pay much more to cover our increased labor" is risky.
Its all scare mongering though and I think you know it. You are bringing up the same arguments against it that the reactionaries of the 1930s did as well. Nothing has changed. The ruling donor class despise the working class and will fight tooth and nail against the workers.
Here is Franklin D Roosevelt, the most popular president in the past 100 years:
Quote:
President Franklin Delano Roosevelt, who had to fight Republicans, conservative Democrats, the Supreme Court and corporate leaders to pass the initial minimum wage in 1938.
Objection: Raising the minimum wage will hurt business and reduce employment.
FDR: “No business which depends for existence on paying less than living wages to its workers has any right to continue in this country.” (1933, Statement on National Industrial Recovery Act)
Objection: $10.10 an hour is too much, maybe $9.
FDR: “By living wages, I mean more than a bare subsistence level — I mean the wages of a decent living.” (1933, Statement on National Industrial Recovery Act)
Objection: Once you add in public assistance and tax credits, $9 an hour is plenty, and business could survive that.
FDR: “Do not let any calamity-howling executive with an income of $1,000 a day, who has been turning his employees over to the Government relief rolls in order to preserve his company’s undistributed reserves, tell you – using his stockholders’ money to pay the postage for his personal opinions — tell you that a wage of $11.00 a week is going to have a disastrous effect on all American industry.” (1938, Fireside Chat, the night before signing the Fair Labor Standards Act that instituted the federal minimum wage)
Objection: The minimum wage is a government mandate that interferes with the free market.
FDR: “All but the hopelessly reactionary will agree that to conserve our primary resources of man power, government must have some control over maximum hours, minimum wages, the evil of child labor and the exploitation of unorganized labor.” (1937, Message to Congress upon introduction of the Fair Labor Standards Act)
It took five years from F.D.R.’s first inauguration in 1933 to enact the federal minimum wage. The period encompassed “Black Monday” on May 27, 1935, when the Supreme Court invalidated the new labor standards in the National Industrial Recovery Act of 1933, and “White Monday” on March 29, 1937, when the Court reversed course by upholding the minimum wage in Washington state, setting the stage for passage of a federal version.
Today, with census data showing that one third of Americans are either in or near poverty, the arguments in favor of an adequate minimum wage are still compelling. The difference is that the minimum wage has gone from being a bold advance in labor law to a basic tool for broader prosperity, albeit one that Congress has failed to deploy fully. That is a shame. What F.D.R. said in 1938 about establishing a minimum wage is also true about raising it: “Without question it starts us toward a better standard of living and increases purchasing power to buy the products of farm and factory.”
Nancy Pelosi isn't a progressive stop letting her try and fool you. She's a mega millionaire corporate shill and she's against universal healthcare. The Democrats are so easily fooled, it's so sad.
Minimum wage should go up ever year one big jump all at once could be damaging imo a lot of smaller organizations and non-profits would be hurt by it.
Nancy Pelosi isn't a progressive stop letting her try and fool you. She's a mega millionaire corporate shill and she's against universal healthcare. The Democrats are so easily fooled, it's so sad.
Yes, Nancy Pelosi is a corporate puppet. But who did you vote for? Please dont say Trump.
Its all scare mongering though and I think you know it. You are bringing up the same arguments against it that the reactionaries of the 1930s did as well. Nothing has changed. The ruling donor class despise the working class and will fight tooth and nail against the workers.
Here is Franklin D Roosevelt, the most popular president in the past 100 years:
One needs to make $33 hr to afford the average apartment in Los Angeles on their own so couldn't one argue that minimum wage in Los Angeles should be $33 hr or more ?
Many businesses really can't afford $15 without big price increases.
The average profit for most of these businesses is a lot smaller than people think
I'm more considered with the family run mom and pop type places , versus McDonald's etc . McDonalds can always continue to bring in profit from their thousands of overseas locations .
Also a huge percentage of these mom and pop type places are run by hard working immigrant families .
Hispanic , Asian middle eastern etc . The ones that Dems are always claiming they are "fighting for"
Also many small business owners don't want to speak up in public about how bad these min wage increases are because they know they will get attacked for being "greedy" for wishing to run their business at a profit and eek out an exisitance for them and their families .
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