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Thread: Los Angeles Raises Minimum Wage to $15 an Hour

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    Re: Los Angeles Raises Minimum Wage to $15 an Hour

    Quote Originally Posted by ludin View Post
    what does seattle have to do with LA? nothing.

    way to ignore an article I posted from the University of san Diego that proves this wrong.
    His article presented data primarily on San Francisco, and had almost nothing to do with Seattle with respect to historical data.
    LMAO.

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    Re: Los Angeles Raises Minimum Wage to $15 an Hour

    Quote Originally Posted by ludin View Post
    there are plenty of people wanting jobs. they will take it.
    How so, if the MW is raised to $15?

    Illegal/Undocumented workers? Under the Table Pay?

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    Re: Los Angeles Raises Minimum Wage to $15 an Hour

    Quote Originally Posted by ludin View Post
    what does seattle have to do with LA? nothing.

    way to ignore an article I posted from the University of san Diego that proves this wrong.
    [sarcasm]Yeah, because something learned from a study in one big city couldn't possibly be similar to another big city.[/sarcasm]
    "I never meant to say that the Conservatives are generally stupid. I meant to say that stupid people are generally Conservative. I believe that is so obviously and universally admitted a principle that I hardly think any gentleman will deny it." --J.S. Mill

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    Re: Los Angeles Raises Minimum Wage to $15 an Hour

    Quote Originally Posted by tech30528 View Post
    What would be nice is if employers just told those looking for $15 an hour for unskilled labor "No". Simple enough. The employer understands their bottom line and how wages affect pricing. Those claiming it won't cause inflation are... minimum wage earners. Who do you listen to when it comes to business expenses, the guy who runs the business and sees all the numbers or the guy who asks if you want fries with that?
    Employers say that all the time. That's exactly why government gets involved and makes uniform rules that the employer cannot ignore.

    As for what a "guy who runs the business" knows, there is no evidence at all that business owners understand macroeconomics at all. They may know how to run their business, not the economy as a whole.
    "I never meant to say that the Conservatives are generally stupid. I meant to say that stupid people are generally Conservative. I believe that is so obviously and universally admitted a principle that I hardly think any gentleman will deny it." --J.S. Mill

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    Re: Los Angeles Raises Minimum Wage to $15 an Hour

    Quote Originally Posted by MTAtech View Post
    [sarcasm]Yeah, because something learned from a study in one big city couldn't possibly be similar to another big city.[/sarcasm]
    it is comparing apples and oranges. seattle businesses are already looking to reduce staff and close. more so small businesses that can't absord the costs
    because the job doesn't call for that kind of pay. they don't do enough business to support that kind of money.

    already 2 books stores in CA are already getting ready to shut down and close up shop and there will be more

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    Re: Los Angeles Raises Minimum Wage to $15 an Hour

    Quote Originally Posted by MTAtech View Post
    Employers say that all the time. That's exactly why government gets involved and makes uniform rules that the employer cannot ignore.

    As for what a "guy who runs the business" knows, there is no evidence at all that business owners understand macroeconomics at all. They may know how to run their business, not the economy as a whole.
    yep and they know they can't afford to pay a dishwasher 15 bucks an hour.

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    Re: Los Angeles Raises Minimum Wage to $15 an Hour

    Quote Originally Posted by KevinKohler View Post
    Sam's Club = Wallmart.
    Sam's Club = Half the sales of Costco, and fewer products on the shelf. No comparison. It takes for more people to stock 5 times the SKU's than it does at Costco. Consider the difference in the stores, and what's on the shelf.

    It really shouldn't be that difficult to understand.
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    Re: Los Angeles Raises Minimum Wage to $15 an Hour

    Quote Originally Posted by jet57 View Post
    It happens every day. You're paying way too much for lease rates.


    Cling to that.
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    Re: Los Angeles Raises Minimum Wage to $15 an Hour

    Quote Originally Posted by MTAtech View Post
    The minimum wage is 80 years old and yet America continues to have a resilient and robust economy.

    The problem is that the myths that conservatives convince themselves are real, like increasing the minimum wage will cause people to lose their jobs and it will drive out small businesses, are not real.
    Minimum Wage Mythbusters - U.S. Department of Labor
    I like how the Labor department puts out propaganda like this where they make blanket denials without actually linking to sources.

    It's also a nice touch that their first denial is really a tacit admission that the economy really sucks.
    Give a man a fish and he eats for a day. Teach a man to fish and he stops voting for the Free Fish party.

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    Re: Los Angeles Raises Minimum Wage to $15 an Hour

    Quote Originally Posted by MTAtech View Post
    Employers say that all the time. That's exactly why government gets involved and makes uniform rules that the employer cannot ignore.

    As for what a "guy who runs the business" knows, there is no evidence at all that business owners understand macroeconomics at all. They may know how to run their business, not the economy as a whole.
    We don't need to know macro, we know as a percentage what our cost of employment is. If the COE is now 30% and it doubles, that has to be made up somewhere. One way to do it is to employ fewer people (expect that) and the other is to raise prices. So while doubling employment cost does not double prices, it may very well lead, in this example, to a 20-25% increase in order to stay in business. I did my payroll last night. If we were required to pay a minimum wage of $15 an hour my payroll costs would go up about 30% and I would have to increase my labor rate to compensate. It's just simple math, it doesn't take a couple of years of college and theoretical study. I run my bank numbers at least once a day, I always know where the business is financially. The assumption that businesses can just write bigger checks is sophomoric at best. Most businesses are not publicly traded. Assuming that companies can offset increased pay scale by shorting dividend payments simply does not apply, and for those who are publicly traded doing so would pretty much tank future investments.

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