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I live in city and state that has passed this $15 min wage law .
Prices at places have risen significantly and the wage isn't even close to $15 .
Liberals are really playing games with the economy .
Article mentions that Eric Garcetti told concerned small business owners
"I feel confident that you can absorb the cost."
"As for the mayor of Los Angeles, it should be noted that he worked on a Ph.D.at the London School of Economics. But at this famed institute, Garcetti did not study economics. He studied "ethnicity and nationalism.""
--- Minimum wage laws are destroying jobs
If business owners can't afford to pay their employees a wage they can live on, or offer health insurance.....then don't open a business and expect to pay slave wages.
No, I said that anything UC Berkeley puts out is suspect. Common sense tells us that prices have to increase.
Hell, prices increase with inflation alone, why wouldn't they with a large uptick in payroll
I mean this is commons sense 101.
Nothing to do with Larry Elder here.
Prices at restaurants have increased significantly . I'm thinking of the mom and pop type places .
It's ironic too because the majority of these places in L.A are immigrant owned .
And the Mayor of L.A like all other liberals is always talking about how great immigrants are .
Small business owners do not like this . as the article mentions they met with the Mayor and explained how it would hurt them and he didn't care .
If business owners can't afford to pay their employees a wage they can live on, or offer health insurance.....then don't open a business and expect to pay slave wages.
Do you know what the profit margin is of the food industry ?
So it's better for the entire segment to just cease to exist because the owners can't pay a living wage?
Do you know what the profit margin is of the food industry ?
So it's better for the entire segment to just cease to exist because the owners can't pay a living wage?
Isn't a job better than no job ?
No, not if the company doesn't give a decent wage along with health insurance. Health insurance is the most important thing. And with trumpcare, we are going to worse off than ever.
Republicans are fine with billion dollar tax cuts for the wealthy, but give struggling workers a raise in pay and they scream like little girls.
Requiring businesses to pay $15/hour for an $8/hour job, merely by government fiat, simply causes those jobs to disappear, if not today, then tomorrow, for certain. The job is still worth only $8/hour...it's just that the proprietor is required by government to pay $15/hour in exchange for labor that still is only worth $8/hour.
Hence the initiative by McDonald's to install digital self-order kiosks in all of its stores over the next few years. MCD explains that this is not intended to cast hundreds of thousands of cashiers onto the unemployment rolls, and that these cashiers will be redirected to other functions in each store, namely table service and food prep.
However, MCD will find after a few years that they still can't get $15/hour worth of productivity out of these newly-purposed employees, and will have to send them packing, long after the initial publicity has died down, and the promise to retain the cashiers has been forgotten by the public at large.
The obvious reason? Because it makes no economic sense to pay $15/hour for a job that is only worth $8/hour.
No, not if the company doesn't give a decent wage along with health insurance. Health insurance is the most important thing. And with trumpcare, we are going to worse off than ever.
Why should an employer be obligated to pay an employees health insurance ?
Should they also pay all their other insurances too ? Auto ,home , life etc ?
Employers should be allowed to pay the benefits they chose to pay and not be obligated to pay.
since you are fine with a lot of businesses going out of business how will the laid off employees live ?
Why should an employer be obligated to pay an employees health insurance ?
Should they also pay all their other insurances too ? Auto ,home , life etc ?
Employers should be allowed to pay the benefits they chose to pay and not be obligated to pay.
since you are fine with a lot of businesses going out of business how will the laid off employees live ?
Just raise taxes more ?
People like her mean well, they are operating from a place of compassion and emotion, but it really doesn't pan out in the real world of hard numbers.
I used to really get annoyed at those loopy hippy dippy types, but they mean well.
Requiring businesses to pay $15/hour for an $8/hour job, merely by government fiat, simply causes those jobs to disappear, if not today, then tomorrow, for certain. The job is still worth only $8/hour...it's just that the proprietor is required by government to pay $15/hour in exchange for labor that still is only worth $8/hour.
Hence the initiative by McDonald's to install digital self-order kiosks in all of its stores over the next few years. MCD explains that this is not intended to cast hundreds of thousands of cashiers onto the unemployment rolls, and that these cashiers will be redirected to other functions in each store, namely table service and food prep.
However, MCD will find after a few years that they still can't get $15/hour worth of productivity out of these newly-purposed employees, and will have to send them packing, long after the initial publicity has died down, and the promise to retain the cashiers has been forgotten by the public at large.
The obvious reason? Because it makes no economic sense to pay $15/hour for a job that is only worth $8/hour.
Yes exactly and McD's is likely saying that because they want to be politically correct .
In a few years all these people are going to see what's happened and ask themselves why it happened .
People like her mean well, they are operating from a place of compassion and emotion, but it really doesn't pan out in the real world of hard numbers.
I used to really get annoyed at those loopy hippy dippy types, but they mean well.
Yes it's as one of my old teachers would say
"The well intentioned , but Ill informed "
Nobody wants to see people struggling but forcing employers to pay $15 isn't the answer
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