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You forgot their very profitable technology sector. Bay Area with all their "California-ness" is still home to the world's most educated and talented workforce, not to mention the largest group of venture capitalists on the planet. Some economic sectors rely on a high standard of living.
They can't be too educated. They keep sending Nancy Pelosi to Congress.
Housing is expensive. But the price of a Big Mac in San Francisco is no different than the price of a Big Mac in LA.
I can't verify if that is accurate or not but per this cost of living calculator, groceries at 14% less expensive in Los Angeles and a 50K salary in San Fran would be equivalent to a 39K salary in Los Angeles.
I'm not sure if the affects could be too catastrophic on a local level for the simple fact that companies will still need to be able to compete with businesses outside SeaTac borders therefore raising their wages too drastically would effectively hurt them, but nonetheless if this were to put on a national level things would be a lot different. The question I have for small business owners and corporations that are against minimum wage is what would you pay your wages without minimum wage? I'm scared to hear $2 an hour, or some other "race to the bottom" type of number, but I know some businesses would pay well regardless of the minimum wage.
What is the worse burden on businesses anyways, regulation, taxes, or wages? Whatever is considered the largest burden needs to be addressed.
I can't verify if that is accurate or not but per this cost of living calculator, groceries at 14% less expensive in Los Angeles and a 50K salary in San Fran would be equivalent to a 39K salary in Los Angeles.
could be many different factors. For instance San Francisco is much smaller and densely populated with many more desirable places to live compared to Los Angeles which is much bigger with more areas of poverty.
But the reality is even with San Francisco's higher minimum wage businesses are still thriving. You aren't seeing businesses leave SF. There are still plenty of Taco Bell's and Mickey D's.
I'm not sure if the affects could be too catastrophic on a local level for the simple fact that companies will still need to be able to compete with businesses outside SeaTac borders therefore raising their wages too drastically would effectively hurt them, but nonetheless if this were to put on a national level things would be a lot different. The question I have for small business owners and corporations that are against minimum wage is what would you pay your wages without minimum wage? I'm scared to hear $2 an hour, or some other "race to the bottom" type of number, but I know some businesses would pay well regardless of the minimum wage.
What is the worse burden on businesses anyways, regulation, taxes, or wages? Whatever is considered the largest burden needs to be addressed.
we kind of already know what big business would do with less labor regulations. We only have to look to the trend of hiring workers as contractors instead of employees. If you hire someone as a contractor instead of an employee they aren't guaranteed overtime pay by law. They are paid much lower wages than the industry standard and they don't receive vacation pay.
How the hell is a small sandwich shop going to
face an increase in costs of $90,000...Assuming he is now paying the minimum of $9.19 the added cost to reach $15.00 adds up to 17,275 man hours, at 40 hours a week that would require him to have 45 employees...I call bogus on this guy.
I have no idea why anyone would object to a minimum of $15...At a wage that low every cent will go back into the economy, plus it may get some off assistance, which need I remind you, that you pay for with taxes.
$6 an hour plus $1.20 in payroll taxes is $7.2 an hour x 2080 hours is about $15k per employee or 6 employees. I call bogus on your knowledge of math and running a business.
Why are these tyrants dictating what a business owner can charge? Let the market AKA customers decide what the prices are.
In an ideal world...
Price fixing is nothing new....I don't see any reason to complain about it now. But in conjunction with a measure like raising the wage floor makes it very clear what is slowly happening here.
What about the employees who were already worth $15 an hour?
At an airport, I doubt it. I would bet that that amount was a catch all for a number of different type of employees.
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