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Slavery catapulted American into a prosperous nation
It was a necessary evil and all African Americans like myself are enjoying the fruits of our ancestors labor. Aka being born in America and not Africa.
Micheal Jordan, Michael Jackson, Oprah, Obama, Will Smith, Samuel L Jackson, Dave Chapelle, none of us African Americans would’ve been born here otherwise.
Not true.
Capitalism drove America to prosperity, not slavery.
People abandoned slavery not because they suddenly developed morality. It was because slavery impedes production and the labor market. It was the economy not the morality that ended slavery.
I live in a prosperous society because my ancestors were sold into slavery from West Africa by their own kings.
I’m prosperous because I do something this country needs done at more than minimum wage, where I don’t have to whine to politicians every other year for a pay raise.
Location: Live:Downtown Phoenix, AZ/Work:Greater Los Angeles, CA
27,606 posts, read 14,619,501 times
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Quote:
Originally Posted by lifeexplorer
Of course not everyone can become highly skilled, but can't we deal with those people individually instead of having a blanket law to impose slavery on people?
Well, Milton Friedman's suggestion was the 'Negative Income Tax'; Warren Buffet and Bill Gates agree with it as well, but you don't....
Location: Live:Downtown Phoenix, AZ/Work:Greater Los Angeles, CA
27,606 posts, read 14,619,501 times
Reputation: 9169
Quote:
Originally Posted by jm1982
Prices will go up a lot more than that . In L.A min wage isn’t $15 yet but I’ve seen places raising prices 20% in less than a year .
It won’t effect the wealthy but not everyone in NYC is wealthy of course .
A 20% price hike was more likely due to a rent increase for the restaurant space or increases in food cost than a minimum wage hike. Labor doesn't make up enough of a restaurants operating budget to warrant that type of price hike from wages alone
Prices will go up a lot more than that . In L.A min wage isn’t $15 yet but I’ve seen places raising prices 20% in less than a year .
It won’t effect the wealthy but not everyone in NYC is wealthy of course .
That just means that restaurants are looking at this as a cash grab. Raise prices dramatically and then blame it on the wage increase even when the wage increase doesn't match the price increase.
Prices will go up a lot more than that . In L.A min wage isn’t $15 yet but I’ve seen places raising prices 20% in less than a year .
It won’t effect the wealthy but not everyone in NYC is wealthy of course .
part of the reason for raising the minimum wage is because everyone in NYC isn't wealthy.
Every time the MW goes up folks scream about losing jobs but it rarely happens.
While I'm not a fan of $15 an hour across the board it's definitely possible in places like LA and NYC where housing prices are insanely high.
Seattle and San Fran also can weather this storm.
I think a bigger issue is rent prices in these cities.
I live in Charlotte and my favorite breakfast spot is a small shop with a small footprint and their sandwich went from 3.50 to 4.50. There is no wage increase, it's a family business. This is more than likely just the price of good going up. I haven't been back since because it's no longer a good deal IMO.
and last but not least, no one needs to raise prices 20% to cover this. That's a lie.
A 20% price hike was more likely due to a rent increase for the restaurant space or increases in food cost than a minimum wage hike. Labor doesn't make up enough of a restaurants operating budget to warrant that type of price hike from wages alone
Most retail /commercial spaces are long leases though of 5 years of more not a one year lease like residential .
Labor can be 30 % of the cost but now it’s going to be more of the cost because of the significant hike .
It could be they are doing significant increases so they don’t have to keep raising all the time but we’ll see.
Since this $15 hr law passed , it’s been a lot worse for sure . It’ll make us less competitive than other states too . You don’t need to be in L.A or NYC to sell pizza or burgers or anything .
There are consequences including unintended consequences to everything . The liberals are making it sound like this is guaranteed to help workers but employers are already cutting hours etc .
Many could very well be sent over the edge once it’s $15 . I know liberals say who cares let them go out of business . But it’s better to have a business operating and people working versus an empty storefront.
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