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Minimum wage hikes usually are a Plan B response to the failure of government to allow the private sector to build housing affordable to minimum wage earners.
Are all 570 places in areas that had a MW increase? Did the increase exceed the salary the employees at all 570 restaurants? What is the dollar figure the MW actually added to labor costs?
That's what I was wondering. There are plenty of Red Robins in states that didn't have MW increases. I'm sure labor costs are going up but not all of it's due to minimum wage increases.
Yawn. Oh noes, they might go out and find better paying jobs. We have low unemployment at the moment, they will be fine. Heck maybe we will save some money by not having to pay their food stamps. These are sucky jobs that dont pay enough to survive.
??? ??? ??? ??? ??? And what kind of better paying work would a busboy fluidly move into?
That's what I was wondering. There are plenty of Red Robins in states that didn't have MW increases. I'm sure labor costs are going up but not all of it's due to minimum wage increases.
From a different article...
Quote:
In Colorado, where Red Robin corporate offices call home, wages grew from $9.30 to $10.20. California and Washington workers saw a 50 cent increase from $10.50 and $11 this year.
I can't imagine those small wage increases are going to offset the tax rate reduction they are going to see in 2018. Sounds like they are trying to increase profitability (which is of course what a company is supposed to do for its shareholders) but it comes across a little sleazy when they are blaming it on the MW increases instead.
Yawn. Oh noes, they might go out and find better paying jobs. We have low unemployment at the moment, they will be fine. Heck maybe we will save some money by not having to pay their food stamps. These are sucky jobs that dont pay enough to survive.
Unemployment numbers are okay? I will remember that next time you whine about Trump and labor market gains...
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