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Will all the McDonald's, Domino's, Starbucks, Duane Reade's, Burger Kings and Taco Bells close down? Or will they meet the wage requirement?
How about Ming Cho and her basement sewing shop in Chinatown?
Of course not. They will, however, try to make up for the lowered profits. They'll first try to have a more efficient workforce and cut that fat, if there is any. Next step would be to raise prices to consumers. If everybody has to pay the same minimum wage, then they don't have to fear losing customers to other businesses because they too will have the same costs.
NYC has had POPULATION GROWTH and so has the rest of the METRO area.
California is still the nation's most populous state, and has no problem getting people to move there.
I said limiting changes in population to those resulting from domestic migration. I was also referring to NYS not just NYC. NYC maybe seeing growth from immigrants moving here.
NYC is also a unique case in that it is a major global city. As such, a lot of companies and businesses want to have a presence here and maintain that presence here even in the face of a disastrous business climate. That's one reason NYC has fared better than the rest of NYS.
California is also losing residents to domestic migration. Neither state is business friendly but, since they're both large states, there are situations in which people have little choice but to move to either state to pursue a given opportunity. This happened in my case, but I won't be living here indefinitely.
Say goodbye to the high school summer job. 16-year-olds, just about all of whom live with parents, do not need, and are not going to get $15/hour. Idiot Cuomo never thought of that.
Say goodbye to the high school summer job. 16-year-olds, just about all of whom live with parents, do not need, and are not going to get $15/hour. Idiot Cuomo never thought of that.
Maybe it is just the area but all the high school kids we know spend their summers either as interns (paid or unpaid) and or as various summer spots in various companies/offices or whatever. Often these are in fields they are interested in such as finance, advertising, art, etc...
Say goodbye to the high school summer job. 16-year-olds, just about all of whom live with parents, do not need, and are not going to get $15/hour. Idiot Cuomo never thought of that.
Cuomo is aware of the fact that minimum wage increases will cause loss of jobs. He just doesn't give a s***. The reason he supports it is that many union/labor contracts are pegged to the minimum wage. This will increase the amount of money deducted as union dues, which eventually ends up in Democratic politicians' campaign coffers.
Maybe it is just the area but all the high school kids we know spend their summers either as interns (paid or unpaid) and or as various summer spots in various companies/offices or whatever. Often these are in fields they are interested in such as finance, advertising, art, etc...
College kids maybe. High school kids...not in most NYC neighborhoods...
Quote:
Originally Posted by rubygreta
Say goodbye to the high school summer job. 16-year-olds, just about all of whom live with parents, do not need, and are not going to get $15/hour. Idiot Cuomo never thought of that.
There's a program called the Summer Youth Employment Program which is funded by the City of NY where they put students with various agencies (Parks Department, NYC Dept. of Education, etc).
Summer camp counselors...ehh, I think they'll be able to incorporate it into the price and just have the parents eat the cost. I mean say you have 10 counselors and 30 kids, you take the $6/hr increase ($9 - $15) divide that by 3 kids, and it's $2/hr. Multiplied by say, 7 hours and it's $14 per child per day, which is $70 a week, and is around $420 for a 6 week session. Some camps might go out of business, but if a parent is already paying for summer camp, they're likely less price-sensitive already.
Quote:
Originally Posted by LIS123
Cuomo is aware of the fact that minimum wage increases will cause loss of jobs. He just doesn't give a s***. The reason he supports it is that many union/labor contracts are pegged to the minimum wage. This will increase the amount of money deducted as union dues, which eventually ends up in Democratic politicians' campaign coffers.
Proof?
Somebody posted a bunch of articles about how some union contracts (for people in fruit packaging plants and similar places) said that the hourly rate had to be $0.25 more than the minimum wage, or 15%, or some other low amount. So in other words, the workers still get barely above minimum wage.
For teachers, police officers, construction workers, etc, nobody has posted any evidence that their wages are tied to the minimum wage. The minimum wage was recently raised to $9 from $8.75 (and I believe it was $8.25 or $8.50 before that). I'm a union member and I haven't gotten a raise due to the hike.
I said limiting changes in population to those resulting from domestic migration. I was also referring to NYS not just NYC. NYC maybe seeing growth from immigrants moving here.
NYC is also a unique case in that it is a major global city. As such, a lot of companies and businesses want to have a presence here and maintain that presence here even in the face of a disastrous business climate. That's one reason NYC has fared better than the rest of NYS.
California is also losing residents to domestic migration. Neither state is business friendly but, since they're both large states, there are situations in which people have little choice but to move to either state to pursue a given opportunity. This happened in my case, but I won't be living here indefinitely.
NYC also gets Americans moving here, and the counties of the metro area ALSO have population growth. Clearly NYC does not have a bad business climate because it attracts businesses from all around the world.
California has silicon valley, which has produced Apple, HP, Google, Intel, Facebook, Cisco and a host of other tech companies. Wells Fargo is headquartered there. Major media companies own the studios in LA.
California is not bad for business, and neither is NYC.
It's the small business owner whose business is failing for a variety of national reasons who like to dream that some broke state like Mississippi is good for business (never mind national chains and Amazon have taken over there as well).
Say goodbye to the high school summer job. 16-year-olds, just about all of whom live with parents, do not need, and are not going to get $15/hour. Idiot Cuomo never thought of that.
16 year olds are not normally hired by businesses. Basically to hire anyone under age 18 requires additional paperwork and consideration. For most businesses these days, it isn't worth the headache. Unless your family or someone close to you owns a business, forget about it.
Of course others have mentioned special programs and internships for high school students. Those programs can simply eat the costs.
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