Poll: Most People Want County's Minimum Wage at $15.25 (2013, job market)

[RaymondChandlerLives]

Originally Posted by disgruntled la native

Sounds great.[b] I look forward to $10 big macs and $15 subway foot longs.[\b]

The income inequality in LA county is a big problem. Wages haven't kept up with cost of living. But forcing the minimum wage up will only lead to inflation.

Ah, the $10 Big Mac. Classic fear tactic used by corporations. It's a complete myth :

...a 70% increase in the minimum wage reflects an added cost of 3% to goods and services once applied throughout the production chain. Which means, in order to increase the cost of a McDonald’s burger (let us use the Big Mac with its average national price of $4.56) to $20...the price of the sandwich would need to increase by 439%. With a 3% increase coinciding with a 70% increase in the minimum wage, the minimum wage would need to increase by 10,243%, raising the minimum wage from $7.25/hr to $742.64/hr...

Addicting Info – Believe That A $10 Minimum Wage Will Create The $20 Big Mac? Think Again (VIDEO)

Back in grandpa's Murica, the federal minimum wage was $10.90 (adjusted for inflation). For an expensive-as-hell city like Los Angeles, $15/hr is more than fair. The welfare queen corporations are still getting off easy.

[saibot]

Originally Posted by Tulemutt

Funny. Smart businesses don't carry expendable employees. If you can "let employees go" and still remain in business, then you're better off without them. That's what the big boys do. You adjust pricing and find all other efficiencies,

You can do what Boeing did to my brother-in-law: eliminate three employees from a given project and make the remaining two do the work of five. There is only so much money allotted for the project, and it has a deadline, so they work overtime for no extra pay. The alternative is not having a job, because someone else would gladly take their place. And no, that is not minimum wage, but the principle is the same.

Or, as in my husband's case, you can have no employees at all. For him that means getting to work at 7 am and leaving at 5 or 6 pm every weekday, taking no sick days and virtually no vacations (because that means closing the shop entirely), and doing all the repair work as well as answering the phone, ordering parts, handling accounts, and every other aspect of running a business. "Better off without employees"? Depends on how you look at it. He feels like it's killing him, but we have three children, I can't work at present for medical reasons, and we need the money, so he is hoping to hold out for a few more years.

[PDF]

Originally Posted by RaymondChandlerLives

Ah, the $10 Big Mac. Classic fear tactic used by corporations. It's a complete myth :



Addicting Info – Believe That A $10 Minimum Wage Will Create The $20 Big Mac? Think Again (VIDEO)

Back in grandpa's Murica, the federal minimum wage was $10.90 (adjusted for inflation). For an expensive-as-hell city like Los Angeles, $15/hr is more than fair. The welfare queen corporations are still getting off easy.

Agreed. Big Macs and Subway footlongs don't even cost $10/15 in Australia. People get highly defensive when there's talk of upping the minimum wage.

[MordinSolus]

Originally Posted by Exitus Acta Probat

Poll: Most People Want County's Minimum Wage at $15.25 | Brentwood, CA Patch

Why stop at $15.25? Let's make it $50 and hour, and with all the other entitlements many people in transitional jobs get (thanks to the tax paying middle class), let's see just how much more quickly the middle income tax base leaves, so we'll have a two tier economic system consisting of peasants at the bottom and Bolsheviks at the top.

Welcome to the post-American America, not your grandfather's America.

My God, could you be any more ridiculous? The middle class is eroding so we should continue to pay slave wages? That will bolster the middle class?

[disgruntled la native]

Originally Posted by RaymondChandlerLives

Ah, the $10 Big Mac. Classic fear tactic used by corporations. It's a complete myth :



Addicting Info – Believe That A $10 Minimum Wage Will Create The $20 Big Mac? Think Again (VIDEO)

Back in grandpa's Murica, the federal minimum wage was $10.90 (adjusted for inflation). For an expensive-as-hell city like Los Angeles, $15/hr is more than fair. The welfare queen corporations are still getting off easy.

Next time use a source that's reputable, not a radical blog. Hate to say it but something like CNN or the LA Times is going to be more believable.

[RaymondChandlerLives]

Originally Posted by disgruntled la native

Next time use a source that's reputable, not a radical blog. Hate to say it but something like CNN or the LA Times is going to be more believable.

Here's an article from last year showing how CA restaurants were preparing for the jump from $8 minimum wage to $10. Here are the price hikes they were proposing:

Jack N the Box: 1.7%
Cheesecake Factory : 2%
BJ's : 1.7%
When the Minimum Wage Goes Up, the Menu Price Also Rises - Businessweek

A 25% increase in our state minimum wage is going to lead to price hikes so minimal, you'll barely notice them. Seriously, a 1.7% price increase on a $5 dollar burger comes out to about 9 cents. Less than a dime. It's conceivable that an increase to $15 would produce a price hike no larger than 25 cents on a $5 dollar burger.

[Aldous9]

Originally Posted by disgruntled la native

Sounds great. I look forward to $10 big macs and $15 subway foot longs.

The income inequality in LA county is a big problem. Wages haven't kept up with cost of living. But forcing the minimum wage up will only lead to inflation.

The minimum wage in San Francisco is $11.05 right now and becomes $12.25 this May. The rest of California has a minimum wage of $9. Big Macs in San Francisco are the same price as they are in LA and San Diego and (insert any city in California).

[radiolibre99]

Exactly. Good posts guys. The fears about $20 hamburgers are just right wing scare tactics. Back when wages were at the peak, they were way higher than now when adjusted for inflation. There was no fear of expensive milkshakes either.

Sometimes right wingers can be such tools for corporate America its not even funny.

[disgruntled la native]

Originally Posted by Aldous9

The minimum wage in San Francisco is $11.05 right now and becomes $12.25 this May. The rest of California has a minimum wage of $9. Big Macs in San Francisco are the same price as they are in LA and San Diego and (insert any city in California).

Incorrect. When I went to San Francisco a couple months ago fast food was pricier. As was most anything else.

[disgruntled la native]

Originally Posted by RaymondChandlerLives

Here's an article from last year showing how CA restaurants were preparing for the jump from $8 minimum wage to $10. Here are the price hikes they were proposing:

Jack N the Box: 1.7%
Cheesecake Factory : 2%
BJ's : 1.7%
When the Minimum Wage Goes Up, the Menu Price Also Rises - Businessweek

A 25% increase in our state minimum wage is going to lead to price hikes so minimal, you'll barely notice them. Seriously, a 1.7% price increase on a $5 dollar burger comes out to about 9 cents. Less than a dime. It's conceivable that an increase to $15 would produce a price hike no larger than 25 cents on a $5 dollar burger.

That's only a couple of fast food chains, probably the ones who are doing it on the lower end (the ones making a big price markup don't want to be interviewed for Michael Bloomberg's agenda). Even so, if this was representative, which I doubt it is, the increases add up over time.