Restaurant Workers Lose Their Jobs Over Newsom’s $20 Minimum Wage

24 hour staffing :
$20 x 24 = $480 a shift of one employee 24 hrs. (Or three 8's)
I'll bet lunch & dinner mine has 10 employees:
10 x 8 x $20 = $1600 per 8 hours ten people.
Like I said. Restaurant workers are the original die hards, but the end of year forecast going forward is where they fold.,

 

Add to the US-tax rate health care and tuition fees, HOA and all that stuff, which we pay already with the taxes, and ot equals pout. Plus an infrastructure that is able to maintain roads and public transport.

 

Where do you get the "more you have" from? Working which is trading your human capital for wages. Creating more wealth aka supply is the result of work. Supply always precedes demand.

BTW people do not spend all that they earn - they invest which creates more wealth.

 

Those are all discretionary except for roads which is the responsibility of the government (although it doesn't have to be) and paid for by tax revenue.

 

Again, the min wage of $20 in Ca is not going to affect very many restaurants.
Most were likely above that wage already.

If mid America McDs are starting at $16/hr. You can bet most Ca McDs were at $20 or more.

Min wage laws mostly affect the final 5% or so of workers that don't make that min wage already.

Min wages have been around almost 100 yrs. Our economy has fared quite well over the last 100 yrs.

 

So then why is there a need for a minimum wage? The origin of the minimum wage is racism.

 

No way. Everyone in the damn state is going h to demand 20$ plus.

 

min wage jobs are going to price themselves out of work and get replaced by automation.

 

What in the world are "the laws of economy"?

So you would agree that the dumb Dane McD's managers solved the demand for wage vs the demand for product problem by hiring fewer workers? They only have 30% the labor participation we have. What takes up the slack for the 70% that have to compete for those entry level positions that people are upset about here?

 

OR not get the new phone
OR not go to McD's anymore
OR learn to mend your underwear

 

Yes....................the native Americans who once peacefully roam the lands living in harmony with the animals and nature causing no harm to anyone or anything............................

 

To directly correlate with the labor theory of value，add in a laborer that you paid 10 bucks to carry the log back to your shop. The Marxist would say you stole 100 bucks from him...

 

You're point being what? What does that have to do with YOUR personal circumstance in life? And spare me how USA Today measures wealth, and then conflates it with income, across the economic classes looking for some failed equity.

How do you compare a young person fresh out of college entering the workforce with a starting salary of $120,000 but no wealth to the person just retired with little income but $2,000,000 in wealth they saved for and invested for all their life?

Do you believe that wealth disparity is something that needs to be eliminate or lessened or something?

What about the person who engaged in crime, abused drugs, never held a steady job, usually got fired for cause and now has no wealth to the preson who did hold steady jobs and was a good employee and law abiding citizen and now because of the sacrifices they made has built up wealth and there is a huge inequity between them, should society or especially government be of concern?

Should something be done to eliminate or lessen the inequity?

 

And to complete the circle the chair is sold to someone who has the means from the wages he earned by trading his human capital. You have well illlustrated that production always precedes consumption.

Thank you.

 

Was not the tree consumed?

 

Minimum wage hikes hurt the poor. It’s been proven time and time again.

 

The tree is a natural resource.

 

Absolutely they become your "partner in profit" and should share in the profit else you are a greedy employer..........................of course they never have to share in the losses....go figger

The Left/Progs never grasp a simple fundamental, labor is a business EXPENSES. And labor gets paid BEFORE profits. And there it ends. A job has a COST to the company and unless the company gets value in excess of that cost then it is losing money and the job must go. It's not about the employer has some social or financial responsibiltiy to provide a house and two cars and two kids through college on ANY job no matter the value to the company.

 

Developed and comsumed.

Where did the equipment to develope it into a marketable product and then sell that product to the market come from? Would you consume the tree before you had that in place?

 

I'm just preempting the next objection. The one that bluesguy alluded to that the tree was stolen from the earth which simultaneously belongs to no one, and whatever culture laid claim to it thousands of years ago.

 

Yup. The Sioux tribe had the tree but they stole it from the Lakota tribe who stole it from the Crow tribe.

 

If that were the case, their wealth would be little to nothing. It is all an illusion based upon inflated and manipulated stock trading data. It isn't like $20 an hour restaurant workers have a need for SpaceX rockets or can afford Tesla cars and I am not sure about you, but I have managed to make it through life this far without need for a Koch Industries automatic paper towel dispenser. Actually I find such devices annoying because they don't dispense enough paper to properly dry your hands.

 

Non-sense.

The overwhelming majority of our collective economic value is held in assets and real property, some is held in intellectual property, and the smallest amount is held in cash or money.

That mansion you describe took millions of dollars of investment into the economy to create. Architects, contractors, suppliers, landscapers, electricians and plumbers, roofers... they all GAINED wealth creating that.

Your issue is that one person stimulated all that activity. If it was 100 houses, would that be different? Why? Economically it's the same.

Everybody would be richer if a thousand others built mansions too.

Your opposition is driven by envy.

 

So... where exactly do you think that localized inflation in California came from making the cost of living super high?

 

Can a seed not be planted and grow another one?