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And yes, businesses generally like to plan ahead or get out soon.
Why would you stay if you know bad things are coming?
See this is the reason why CA is not a good business climate.
Did you miss that part about the huge increase in high tech aerospace manufacturing? How are the computer and software businesses doing? People have been complaining about the crappy business climate in CA for decades, but businesses keep growing anyway, and people keep moving there. So maybe CA isn't a good place for low wage production labor? There are loads of cheap places in the country like most of Texas.
Did you miss that part about the huge increase in high tech aerospace manufacturing? How are the computer and software businesses doing? People have been complaining about the crappy business climate in CA for decades, but businesses keep growing anyway, and people keep moving there. So maybe CA isn't a good place for low wage production labor? There are loads of cheap places in the country like most of Texas.
Yes perhaps, but like others like radiolibre99 have been saying that leaves a lot of people out.
Just saying there should be more options besides working min wage or working for an aerospace or tech company.
Also tech companies are leaving and/or starting in places like Texas too. Not saying that Silicon Valley which has been a tech epicenter for decades is disappearing...but it's not the only game in town now.
Not saying that Silicon Valley which has been a tech epicenter for decades is disappearing...but it's not the only game in town now.
CA has been overpriced for a very long time, yet people keep moving there and getting jobs and the price of RE keeps going up. There are some states that are having trouble, but CA isn't one of them.
I've watched a documentary on the plight of the poor in England.
One thing to remember is that "documentary" does not mean "non-fiction." Film makers have a point of view, and they very consciously express it in their work. There is no code-of-conduct for documentarians to require they portray a topic fairly or to analyze all sides of the issue. It is not a scholarly article written accepted by a peer-reviewed academic journal. A documentary is a product produced to make money for its producers.
One thing to remember is that "documentary" does not mean "non-fiction." Film makers have a point of view, and they very consciously express it in their work. There is no code-of-conduct for documentarians to require they portray a topic fairly or to analyze all sides of the issue. It is not a scholarly article written accepted by a peer-reviewed academic journal. A documentary is a product produced to make money for its producers.
Yes I agree with every thing you say here, but peer-reviewed academic journals aren't without bias as well.
Yes in L.A it would be a 50% jump in wage from today to 2020, which is historically massive.
Yes Sanders wants a $15hr national minimum wage which would be devastating for the economy and bring unemployment way up.
He seems unlikely to be elected at this point...but Clinton is also being pressured to support the raising of the minimum wage to $15 and she seems to be giving in to it.
Trump too, in his attempt to poach some Sanders supporters is now warming up to the idea of raising the minimum wage.
The public is generally pro $15 hr , but it's because they don't realize the true risks of raising the minimum wage. Most people just think "Mcdonald's makes billions, they can afford to pay more"
Not thinking about automation or the fact that McDonald's can just expand more out of the country like they have been..
Or the fact that tons of fast food places aren't McDonald's .
In L.A every strip mall has a multiple little places that will be effected by $15hr wages.
The mom and pop burger place, pizza place, mexican place, kabob shop,etc.
The big multinationals like McDonald's , KFC, i'm not as worried about ...although lot's of those are franchisees and small business owners themselves...but i'm most concerned about the little guy..this $15hr increase is a slap in the face to them.
In L.A and other places a lot of these are just hard working immigrants looking to make a living.
A lot of people say to the employee "if you don't like being paid so low, go back to school, learn a trade, etc."
If these businesses don't want to go under they need to be more creative and come out with new or better product. It works both ways.
A lot of people say to the employee "if you don't like being paid so low, go back to school, learn a trade, etc."
If these businesses don't want to go under they need to be more creative and come out with new or better product. It works both ways.
Yeah I know that sounds like a possible solution, but it doesn't really work that way. There are industry averages and certain profit margins that are seen by businesses.
It's not like fast food places can really get into more profitable items like selling Iphones or selling insurance too or something like that.
The problem is if those businesses end up closing , what will replace them most likely won't be another fast food place. Maybe this could be good for the economy who knows...but let's say an attorneys office or tech startup opens up instead.
Those are good places if you have a law degree or computer science/engineering degree but probably 99% of fast food employees don't have those degrees.
This is basically disincentivizing the small businesses that employ fast food workers ...which if you think about it doesn't make much sense.
The big chains could always focus on other states and expand there too.
They are also going to focus on automation , which they have already announced.
I don't see the small mom and pops being able to invest in automation right now though.
Of course automation means they will need less employees.
I know the argument is that "Well , they will invest in automation anyways"..but a huge 50% hike in the minimum wage is a very good incentive to actually invest in automation and see a good return on your money. At $10hr it hasn't made sense to invest in automation, but at $15hr it does make sense when they run the numbers.
If these businesses don't want to go under they need to be more creative and come out with new or better product. It works both ways.
Anyone who thinks a higher MW will cause unemployment doesn't understand the effects. Businesses that hire a lot of low wage help and sell to high wage might feel a pinch, but it will be made up by others that cater to low wage. Plenty of countries in the world have floor wages >$15/hr already.
I wouldn't advocate raising the MW to $15 nationally though, since it is too close to the median wage in many parts of the country. You'd remove the potential wage advantage of production businesses in poor areas. Bringing up the floor is nice, but too much wage compression isn't ideal either.
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