Liberal cities minimum wage auction: Denver mayor signs $15.87 minimum wage in 2022 (premium, 9/11)

[lovecrowds]

https://denver.cbslocal.com/2019/11/...mum-wage-2020/

https://www.9news.com/article/news/l...c-97059051ba7f

Very sad that lots of people who have a disability, seniors needing to supplement income, small-business owners and people just trying to get their foot in the door will have much more limit opportunities now with this extreme minimum wage.

People with no experience but who want to work their way up, will have a hard time getting a job and those that do will lose their Medicaid and will pay the minimum wage back in health insurance premiums.

If there is a recession in the next few years, many of these cities are going to have to cancel these minimum wages. No way, that small businesses and entry-level companies can support a minimum wage that high. In the end, this will mean less opportunities to people just trying to get their foot in the door somewhere.

I was recently in a city with a $14.67 minimum wage after mandated sick time and was stunned by the amount of empty storefronts with an overwhelmingly majority being large chains.

Many workers will also have huge decreases in hours, many will lose Medicaid and will have to pay a fortune for health insurance through the employer, many small business owners will have negative margins.

[mirage98de]

These fools are about to get replaced with machines or have their jobs shipped somewhere else.

As usual, will be fun watching the consequences unfold.

[rstevens62]

building specialized machines for each and every minimum wage job is not practical, It would cost companies much more than to just pay the MW to a human worker!


How many decades would you prefer to keep it at $7? LOL

[lovecrowds]

Originally Posted by mirage98de

These fools are about to get replaced with machines or have their jobs shipped somewhere else.

As usual, will be fun watching the consequences unfold.

A job is a job. And many of the entry-level workers will progressively go to different positions in the company as they go up on the learning curve.

I was just in a city with $14.67 minimum wage when sick time is included and there were a tremendous amount of vacant storefronts. People can't hire help if they are a small business and make money at those rates unless it's a very touristy area.

$15.87 is doable in Aspen or Vail without causes issues with small business, it is not feasible in Denver.

I notice that volumes in retail in Denver are very low outside of certain high-tourist and highly concentrated sections of the city. Denver is a very centralized city as far as amenities and there are lots of businesses that will struggle because of this.

Far better for employees have a big selection of jobs at $10 an hour and work full-time where the small business owner can remain competitive as opposed to $15.87 and a very limited number of jobs where the small business owners and small companies have such a big payroll they go out of business.

[johnnytang24]

Originally Posted by lovecrowds

Far better for employees have a big selection of jobs at $10 an hour and work full-time where the small business owner can remain competitive as opposed to $15.87 and a very limited number of jobs where the small business owners and small companies have such a big payroll they go out of business.

Assuming a store needs 2 employees (what if one has to go to the bathroom, etc) for 10 hours a day, 30 days per month, that's $9k, plus rent at around $3k, or $12k × 12 months, or $144k per year in expenses before insurance, payroll taxes, utilities, product, etc. How can any new small business start up? Or how do existing small businesses stay afloat?

People complain about mega corporations taking over, but who else can afford to run a business?

I'm sure someone will come along to tell me that any business that can't afford to go in the red for $100k a year doesn't 'desreve' to be in business.