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

Source ?

 

No it doesn’t. Production requires employment. Production creates wealth.

 

You should take a look at the other side of the coin- but you won't. You don't want to see it.

The attitude of people will, in the long run- determine the fate of the nation. Here's a clue- from a professor who understood it over 200 years back. If you pay attention, you can see that the pattern he decribes is the same as the one the nation has followed. and today- America is entering the 7th of 8 steps. Unless we change and return to the values that built the nation, it will soon no longer exist as a free country, and those who made it so will have cheated their own descendants, the future generations, out of a chance to thrive- in order to live on someone else today.


“A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship. The average age of the world's greatest civilizations has been 200 years. These nations have progressed through this sequence: From bondage to spiritual faith; From spiritual faith to great courage; From courage to liberty; From liberty to abundance; From abundance to selfishness; From selfishness to apathy; From apathy to dependence; From dependence back into bondage.”
― Alexander Fraser Tytler

 

I love the graphs and gimmicks democrats use on us. Passing on our boats and calling it rain.

 

Ask and you shall receive.

 

Responsible fair labor helps create wealth. But that labor doesn't know how to manage and build the structure of business- and without that, labor struggles to survive.
Those with that can not only survive, they can thrive without hiring others. Labor need management to survive. Management needs labor to build larger entities.

To anyone who thinks those in business are making all the money and not earning it, I point out the great opportunity they have, and that they should hock everything they own and go into business for themselves as soon as possible- and become wealthy in a short time.

They will gain something from that which they can't get any other way. Not wealth- but education. Not rewarded with a degree- but a lesson they won't forget. Go for it.

 

Bullshit. Stop parroting lies and fake propaganda.

 

In Tampa tuesday , Biden made a telling statement:"

'I don’t know why we’re surprised by Trump. How many times does he have to prove we can't be trusted?' Biden said in Tampa"

As long as it takes for you to get the message, Joe.

This is how labor thinks- it fails to apply the rules it says are fair trade when they buy, to the conditions when they sell their own services- and see nothing wrong with that.

 

Entrepreneurs and business owners take all the risk. Employees trade their human capital for wages. Both most likely increase their human capital by the experienced gained but the business owner because of the risk taken will benefit more from a successful company as it should be. Employees also benefit from contributing to that success. How many millionaires have worked for Wozniak and Jobs ?

 

HEAR HEAR

I have typed those words here myself several times. When I hear folks complain about greedy corporations, I simply say that why not start your own business; go for it.

 

So what? This doesn't affect you in any way

Data does not back up your claim. Workers today have more disposable income.

 

I literally posted the sound bite of the words coming right out of his mouth... but continue to parrot the false narrative of the left!

 

My point, obviously, was that it isn't necessary (in most cases) to get way into debt for seven years simply to buy transportation from point-A to point-B, and back again. The further point is that it is stupid beyond belief to have to pay exorbitant amounts of interest to finance the purchase of something like a car -- which loses huge amounts of its value from day-one.

But "college education"...? It is proving to make a LOT of sense to take out loans for that, because even after you've amassed tens of thousands of dollars in 'college debt', some 'free-stuff' Democrat will come along, wave his magic wand, and make the debt go away. And, of course, the grateful recipient of this kindly action will know exactly how to VOTE forever afterward....

. Tooth Fairy, Joe Biden!

 

LOL! Basic economics is not your forte.

 

Working $20. an hour being a lowly worker at McDonald's is too much for minimum wage. There are those that are lowly workers in places such as sheltered workshops that make a lot less than McDonald's minimum wage. That's probably the reason why many of those fastfood places are closing down. Customers don't want to pay a so-called luxury prices to even get a cheap hamburger. Would that make sense? I don't think so. The only people that will be able to afford anything are the people that live in luxury and not all people can live in luxury and not even those that live in California. This is something no all people can understand all of this and that's all I will say on this matter.

 

They certainly don't target the rich people. As you're trying to claim.
Debt relief has been around for centuries.

...
But the documents he perused on Ancient Greece, Rome, Babylon, Assyria, and Persia showed him something else entirely. Throughout history, political leaders had abolished debts and managed the value of their currencies—another way to revise debts—as routine matters of government policy. Keynes was electrified. A year earlier, he had staked his reputation on a call to cancel the largest debts the world had ever seen—those accrued by the governments of Europe during World War I. If these debts were not cleared, Keynes had argued, the international trading system would break down, leading to misery and another war. Predictably, the financial establishments on two continents responded to this apparent heresy with alarm. Now Keynes had discovered precedent for his ideas — thousands of years’ worth, from Hammurabi in ancient Babylon to Solon of Athens.
...

Nor are the recipients of Biden’s aid particularly wealthy. The plan flatly excludes anyone who makes more than $125,000 a year from participation. According to an analysis by the University of Pennsylvania’s Penn Wharton Budget Model, about half of the money will go to borrowers in the bottom half of the income spectrum, with only 2.5 percent of folks breaking into the top 10 percent receiving relief. The median personal income in the United States—the 50 percent line—is $35,800. This makes sense once we consider the actual demographics of the typical American college student, who is not an Ivy Leaguer bound for the 1 percent. About 40 percent of all undergraduate students attend community colleges, about one-third of whom take out student loans to help pay for their education. The average community college borrower graduating with more than $13,000 in debt. There are also racial disparities in student debt: According to a Brookings Institute analysis, Black borrowers shoulder roughly double the amount of debt to attend college that white borrowers do.
https://slate.com/business/2022/08/student-loan-forgiveness-long-history-debt.html

 

Oh hedging.

Define "work".

 

Got it.

You read between the lines and made it up.
Thx. That's what I've been telling you.


Discrimination was systemic. But it wasn't part of any of those wage laws.

 

But not for the rich.
You should actually read, link was provided, about who the loan is geared towards.

 

If no one buys the product of said production, the production goes bankrupt and out of business.

No matter how much whale oil is produced today, it won't sustain a very large production crew nor create much if any wealth.

 

Everyone knows MAGA type don't understand data/statistics/graphs.

 

STUDY: Wealthy Reap Vast Majority of Benefits from Biden’s Student Loan Giveaway
Don’t buy the Administration's claims that student debt forgiveness benefits low-income families

• Top earners benefit the most from Biden’s student loan giveaway, despite the Administration’s efforts to target low-income borrowers. According to the CFRB, “57 percent to 65 percent of the extended pause and cancellation will go to those in the top half of the income spectrum.”
• Even assuming full participation across incomes, highest earners still reap the most financial reward. As noted by CFRB, in order to receive the handout, Americans must fill out an application, “which is likely to be a more significant barrier to lower income borrowers with fewer resources, particularly those who have long been in default or forbearance and are thus detached from the system.”
• Earnings from the last two years are skewed. The pandemic caused even high-income households to report lower incomes than usual, nullifying the Administration’s means-testing efforts. The CFRB goes on to note that those with high earning potential (and therefore are more able to pay off their student debt), such as lawyers and doctors, often take on temporary low-income jobs.

https://waysandmeans.house.gov/stud...f-benefits-from-bidens-student-loan-giveaway/

 

So you agree with me, that increase in the min wage doesn't hurt hardly anyone?
Or just hurts the workers below min wage who also receive tips?

You know, those who work below min wage and receive tips, are required by law to include tips in their tax returns to make their wages = the min wage?
Even if they are so bad at their job they don't make enough tips to reach min wage?

At best it might help the lowest of lowest wage earners amounting to a few % of the work force catching up to what is already a market low for wages.

If more poor people would lose their jobs everytime the min wage was raised. We'd have half the population in the poor, lowest wage category, at this point.
Given that we've increased the min wage dozens and dozens of times over the last 90 years.

Hurting the poorest? LOL. fake news.

Your link/data is for subminimum tipped wage workers. Not for general labor workers.
My guess is those tipped workers, now making min wage, would end the tipping process and only receive a wage.

 

More right-wing cognitive dissonance: You are condemning what you support, the corporate welfare state. Read the quote from Alexander Traser Tytler and then apply it to the supply-side economic agenda.

 

LOL. Your story is 2 yrs old.
That loan plan was deemed unconstitutional. You're not even talking about today.