The new minimum wage is killing NYC’s once-thriving restaurant scene... (government, state)

[pknopp]

Originally Posted by lifeexplorer

Or morality.

The minimum wage law is nothing but forcing people at gunpoint to pay for goods and services that are higher than fair market value.

Nothing is sold at "fair market value".

[Rakin]

Originally Posted by rebeldor

Complains about liberals...

Brags about “my SS and Medicare.”

MAGA truly is a mental disorder.

Yeah, I'm just taking back the money they took from me in my self employment tax the last 50 years.

I could have invested that money and been way ahead. I just hope I live long enough to get some of it back. My father who died at 64 got screwed.

I hope you enjoy yours also.

[Frank DeForrest]

Originally Posted by lifeexplorer

Or morality.

The minimum wage law is nothing but forcing people at gunpoint to pay for goods and services that are higher than fair market value.

It also keeps people from working at gunpoint.

[nedergras]

If those libs weren't so damn greedy and offloading any real estate they can to foreign investors then the people that live there wouldn't NEED a wage increase. Another relic of the Obama era and his smoke and mirrors recovery by de-regulating foreign investment.

[rebeldor]

Originally Posted by Rakin

Yeah, I'm just taking back the money they took from me in my self employment tax the last 50 years.

I could have invested that money and been way ahead. I just hope I live long enough to get some of it back. My father who died at 64 got screwed.

I hope you enjoy yours also.

It should would be nice if Republicans had the balls to abolish Ponzi Security. But here we are.

[sware2cod]

Only 3.3% of all workers in the USA made min wage or below in 2015. Might even be a lower number now.

UPDATE - It was 2.7% in 2016. Likely lower now.

https://www.bls.gov/opub/reports/min.../2015/home.htm

The percentage of hourly paid workers earning the prevailing federal minimum wage or less declined from 3.9 percent in 2014 to 3.3 percent in 2015.

https://www.bls.gov/opub/reports/min.../2016/home.htm

workers with wages at or below the federal minimum made up 2.7 percent of all hourly paid workers.

[pknopp]

Originally Posted by sware2cod

Only 3.3% of all workers in the USA made min wage or below in 2015. Might even be a lower number now.



UPDATE - It was 2.7% in 2016. Likely lower now.


Bottom line - there are not that may workers making min wage.


https://www.bls.gov/opub/reports/min.../2015/home.htm

The percentage of hourly paid workers earning the prevailing federal minimum wage or less declined from 3.9 percent in 2014 to 3.3 percent in 2015.


https://www.bls.gov/opub/reports/min.../2016/home.htm


workers with wages at or below the federal minimum made up 2.7 percent of all hourly paid workers.

There are far more than that making minimum wage.

[sware2cod]

GOOD NEWS: Limited Service Restaurants INCREASED employees by 1.5% for 2018 in NY.

Why did the report from the OP leave this off? Cuz it's good news and it doesn't support their agenda that is against the min wage hike.

https://www.labor.ny.gov/stats/nyc/

See 5th item

• NYC Current Employment Statistics (CES) Latest Month

[rebeldor]

Originally Posted by sware2cod

GOOD NEWS: Limited Service Restaurants INCREASED employees by 1.5% for 2018 in NY.

Why did the report from the OP leave this off? Cuz it's good news and it doesn't support their agenda that is against the min wage hike.

https://www.labor.ny.gov/stats/nyc/

See 5th item

• NYC Current Employment Statistics (CES) Latest Month

Spoken like someone who knows nothing about the restaurant industry.

“Limited service” is growing because it is less expensive to the business owners and has higher profit margins--less overhead. Hence also why food trucks are booming.

Full service restaurants--those with hosts, servers, bartenders, bussers, dishwashers, and cooks/chefs, are losing jobs and raising prices due to the minimum wage increases.

[Dane_in_LA]

Originally Posted by rebeldor

People starving to death under a bridge is a result of statism, not the market.

You're right. By far the majority of bridges are the result of government initiatives.