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Once again, if that is true, why didn't all the hamburger restaurants go out of business because of the huge increase in the cost of beef? (38% 2010-2014 and another 19% in 2015)
Restaurants like McDonalds lowered the quality of their meat during that period, other places did the same, or they were forced to raise prices. Combine the already increased costs for food, and then stack on top of that, a new increase in their labor costs, and either a burger and fries combo costs an average of $8, or you will see even more automation.
Every employer is cutting expenses down to the wire to make just enough in profits to remain competitive. What the hell do you think will happen, when their labor costs rise by 20-30%?
Restaurants like McDonalds lowered the quality of their meat during that period, other places did the same, or they were forced to raise prices. Combine the already increased costs for food, and then stack on top of that, a new increase in their labor costs, and either a burger and fries combo costs an average of $8, or you will see even more automation. Every employer is cutting expenses down to the wire to make just enough in profits to remain competitive. What the hell do you think will happen, when their labor costs rise by 20-30%?
So they gradually go out of business, or gradually lay off employees, or gradually phase out jobs, and gradually automate current tasks performed by young part-time employees.
Yep.
And the argument always devolves, back and forth, until progressives pull the 'uncaring grinch' card.
Because it's a red herring. If you read the background of proposed minimum wage increases they all discuss phased in increases to allow businesses time to adjust to it.
Because that is a stupid idea, any time you make a change, you want to do it incrementally to give everyone time to adjust.
If it was 100% beneficial to both sides, then no one would need time to adjust. Businesses need time to adjust because it ISN'T beneficial to them AND it ISN'T beneficial to the customers (2sleepy admitted that a $15.00 minimum wage would make fast food prices increase 4.3%). Why should the business and the customers artificially have to pay more because progressive taxpayer paid lawmakers want to give themselves a feel good pat on the back?
That really depends on what it is. For money, it's the more the better. In this case, the faster the better and it's a brilliant idea.
Could you please clarify your "time to adjust" statement? What kind of adjustment?
You need clarification about time to adjust? How old are you? I suggest you speak to an economics teacher if you are confused with what I said....and just so you know, I am not being mean, I am serious.
Quote:
Originally Posted by lifeexplorer
So you would rather get paid with nothing than get paid with something?
I am sorry I can't make this any less ridiculous.
If the choice is third world wages or government assistance, people are going to pick government assistance. You should travel outside of the country if you are old enough to do so to see first hand what it is like in these third world countries you wish the US to be like.
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No thank you.
If it was 100% beneficial to both sides, then no one would need time to adjust. Businesses need time to adjust because it ISN'T beneficial to them AND it ISN'T beneficial to the customers (2sleepy admitted that a $15.00 minimum wage would make fast food prices increase 4.3%). Why should the business and the customers artificially have to pay more because progressive taxpayer paid lawmakers want to give themselves a feel good pat on the back?
