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Minimum wage hikes are causing restaurants to close, costing jobs

Kushinator said:
Simply not true.

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For gournet burgers yes...I was talking your typical faat food category. I've asked multiple times now...what is the highest amount people would pay for a big mac. Not one answer. What about you? 20 bucks?
 
Fledermaus said:
Platitudes....
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Simple platitudes that do more to explain things than all the right wing's diversions and other forms of fallacies.

Higher paid Labor creates more in Demand and pays more in Taxes. Any economist knows what that means regarding our tax base and taxes.
 
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danielpalos said:
Simple platitudes that do more to explain things than all the right wing's diversions and other forms of fallacies.

Higher paid Labor creates more in Demand and pays more in Taxes. Any economist knows what that means regarding our tax base and taxes.
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You use platitudes instead of actual discussion because you haven't thought any of this through.

And you love to tack on "right wing" to your semi coherent babble.

You state higher wages creates more demand. Why does that matter to restaurants that have gone under because of those higher wages?

You know... The whole point of the thread...
 
Fledermaus said:
And that means?

If your "typical costs" skyrocket why won't your prices reflect the change?
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Nothing happens in a vacuum of special pleading with any statutory minimum wage. Since, all things could be relative; why does your point of view matter? Nobody is claiming there won't be some price inflation.
 
It is true though when you think about it, by raising minuimum wage, the owners can not afford to pay for their employees, because they already have razor thin margins, this would either shut down businesses and put millions out of employment or it would raise the price of everything.
 
Republician said:
It is true though when you think about it, by raising minuimum wage, the owners can not afford to pay for their employees, because they already have razor thin margins, this would either shut down businesses and put millions out of employment or it would raise the price of everything.
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so what; wages should outpace inflation anyway.
 
This can be a very bad trend, especially if you're like me and favor small, private companies over giant multinational conglomerates. Becoming a job creator shouldn't mean belonging to some high and sacred class, but should be open to everybody. To be brief, I'd suggest not having to provide health care for workers would be a giant boon to small businesses, so pass a public option (or Medicare For All as some prefer). Also, a universal basic income would be better than raising the minimum wage. Keynes has some interesting ideas on a universal basic income and business geniuses like Elon Musk even endorse the idea. Additionally, tax companies that employee labor overseas higher while giving tax cuts to companies that employee only American workers, which are most small businesses.
 
zimmer said:
Who couldn’t see this coming?

Economic illiterate Leftists.

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May I rebut your argument?
I am perplexed why it is a conservative point of pride to hold down the wages and economic chance for low wage earners to become upwardly mobile.
What the hell do you think is so great about having your meals and drinks served by folks who scrap by financially, rarely have decent healthcare benefits, or 401Ks?
Oh, I forgot...you tell us that paying a worker $600 for a 40-hour week will ruin America. There is proof you are wrong on this.

New research suggests the $15 minimum wage is not bad for workers like economists feared.
 
LadyBenevolence said:
This can be a very bad trend, especially if you're like me and favor small, private companies over giant multinational conglomerates. Becoming a job creator shouldn't mean belonging to some high and sacred class, but should be open to everybody. To be brief, I'd suggest not having to provide health care for workers would be a giant boon to small businesses, so pass a public option (or Medicare For All as some prefer). Also, a universal basic income would be better than raising the minimum wage. Keynes has some interesting ideas on a universal basic income and business geniuses like Elon Musk even endorse the idea. Additionally, tax companies that employee labor overseas higher while giving tax cuts to companies that employee only American workers, which are most small businesses.
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Unemployment compensation for simply being unemployed on an at-will basis in our at-will employment States can solve simple poverty at that, rock bottom cost, with or without any statutory minimum wage. Public policy which automatically stabilizes our economy is simply more cost effective and cost efficient. We could be increasing the efficiency of our economy to where we can lower direct taxes and still generate sufficient revenue to fund Government. True capitalists should strive to find a way to fund Government, "from the interest on the interest of any given public policy". Vote blue not red! Good capitalists do.
 
LadyBenevolence said:
This can be a very bad trend, especially if you're like me and favor small, private companies over giant multinational conglomerates. Becoming a job creator shouldn't mean belonging to some high and sacred class, but should be open to everybody. To be brief, I'd suggest not having to provide health care for workers would be a giant boon to small businesses, so pass a public option (or Medicare For All as some prefer). Also, a universal basic income would be better than raising the minimum wage. Keynes has some interesting ideas on a universal basic income and business geniuses like Elon Musk even endorse the idea. Additionally, tax companies that employee labor overseas higher while giving tax cuts to companies that employee only American workers, which are most small businesses.
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Don't agree I want the burden where it belongs and that is on the workplace dollar. With a minimum wage. Universal basic income allows workers to shop for the easiest work and not having to care about the wages. There would be a massive run on minimum wage jobs. Kind of. I'm only talking about choices ,Either will do what needs to be done.
 
Republician said:
It is true though when you think about it, by raising minuimum wage, the owners can not afford to pay for their employees, because they already have razor thin margins, this would either shut down businesses and put millions out of employment or it would raise the price of everything.
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not , By experience it usually only raises prices slightly and would definitely cost less then sub livable wages and my tax dollar to fill out the bottom line of some monstrous corporations paying to their workers to feed their family. Screw them I don't want to pay for their gold plated bottom line, force them to pay a livable wage. Like I said screw them.
 
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