The True Cost of California's Minimum Wage Hikes

[Rightguide]

Looks like minimum Wage hikes in Washington state are having their effects too. Happy May Day:

A May Day Tale: Seattle Worker Loves $15 Minimum Wage — Until He Loses His Job


Devin Jeran, an employee at Z Pizza in Seattle, was stoked to get a raise, from $11 to $15 an hour as part of a new law that takes effect today.

He was happy to get a raise, when Seattle’s minimum wage went up to $11 an hour at the beginning of the month.

“I definitely recognize that having more money is important,” he told local TV station Q13-Fox, “especially in a city as expensive as this one.”

But that didn't last long. "Unfortunately, he’ll only enjoy that bigger paycheck for a few more months. In August, his boss is shutting down Z Pizza and putting him and his 11 co-workers out of work," the station reported.

May Day began in the late 19th century, sharing the date with the International Workers' Day, set up by Socialists and Communists. The goal was noble: To secure the eight-hour work day and improve horrific conditions in some factories. But the day has morphed into unions in America demanding ever-increasing wages for workers. That, in turn, has led to a move to raise minimum wages to much higher levels.

Rest here:

http://www.dailywire.com/news/15913...m_content=050217-news&utm_campaign=position1#

 

[HisArpy]

I'm not going to challenge the situation about the 0.1% any more.
I had enough bashing in this thread to learn my lesson , and you're right. In order to do so, maybe I should take my nose out of certain theoretical books and learn some real life economics.

But my rhetoric will change to: does anyone have suggestions -as part of these hypothetical online debates-- to end this state of affairs where a large chunk of people are getting increasingly impoverished in Europe (and US too, as I understand).



True too.
*Waiting for the usual bottomfeeding trolling from our left wing MENSA members Luk, Rob (via their attack alts) and 86*

The biggest thing you have to learn about macro economics is that what "experts" say is true, isn't.

What is good on a national scale is NOT good for you on an individual scale. The 1st rule of money applies here: The government is NOT going to do ANYTHING to help "you". Yes they will tax you. Yes they will spend the money they get from taxing you. "You" will not see any benefit from that because, just as minimum wages are forced upward, businesses close or they hike their sale prices to compensate. The net result is a zero sum, you have bigger numbers in play, but the people (that means "you") have no more than they had before.

For a visual, think of a pie chart. The chart is divided into sections. If one section takes a bit from the neighboring section, the neighboring sections will compensate by taking that bit it lost from the next, which will do the same to its neighbor, and so on all around the chart until the first section loses the bit it stole in the first place. This is because there is only so much pie in the chart.

If "you" want more than you have, you have to increase the size of the pie. The ONLY way to do that is to earn more on your own.

 

[HumasWanderingWeiner]

Looks like minimum Wage hikes in Washington state are having their effects too. Happy May Day:

A May Day Tale: Seattle Worker Loves $15 Minimum Wage — Until He Loses His Job


Devin Jeran, an employee at Z Pizza in Seattle, was stoked to get a raise, from $11 to $15 an hour as part of a new law that takes effect today.

He was happy to get a raise, when Seattle’s minimum wage went up to $11 an hour at the beginning of the month.

“I definitely recognize that having more money is important,” he told local TV station Q13-Fox, “especially in a city as expensive as this one.”

But that didn't last long. "Unfortunately, he’ll only enjoy that bigger paycheck for a few more months. In August, his boss is shutting down Z Pizza and putting him and his 11 co-workers out of work," the station reported.

May Day began in the late 19th century, sharing the date with the International Workers' Day, set up by Socialists and Communists. The goal was noble: To secure the eight-hour work day and improve horrific conditions in some factories. But the day has morphed into unions in America demanding ever-increasing wages for workers. That, in turn, has led to a move to raise minimum wages to much higher levels.

Rest here:

http://www.dailywire.com/news/15913...m_content=050217-news&utm_campaign=position1#

I had a coworker who owned three homes in Seattle. As soon as the wage went up, he raised his rent. Seattle also enacted a law for various inspections to benefit renters. He raised his rent to cover those costs. When asked by the tenants about the last one, he replied that he isn't paying for the inspections, they are. At that point, they wished they had voted differently. This isn't to justify any actions, it's to state what goes on when these acts take place. I hate to see people lose their jobs, after all $10 an hour is better than $0. But these are the realities.

 

[4est_4est_Gump]

Good intentions have consequences...

 

[Rightguide]

I had a coworker who owned three homes in Seattle. As soon as the wage went up, he raised his rent. Seattle also enacted a law for various inspections to benefit renters. He raised his rent to cover those costs. When asked by the tenants about the last one, he replied that he isn't paying for the inspections, they are. At that point, they wished they had voted differently. This isn't to justify any actions, it's to state what goes on when these acts take place. I hate to see people lose their jobs, after all $10 an hour is better than $0. But these are the realities.

Seattle basically told the state's workers if they couldn't produce goods and service at the new gov't prescribed rate of market value, it will be illegal to employ them in the city of Seattle.

Of course the economically unsophisticated haven't the basic tools to read between the lines of the Minimum Wage Law.

 

[hashtag46]

The biggest thing you have to learn about macro economics is that what "experts" say is true, isn't.

What is good on a national scale is NOT good for you on an individual scale.

The 1st rule of money applies here: The government is NOT going to do ANYTHING to help "you". Yes they will tax you. Yes they will spend the money they get from taxing you.
-- "You" will not see any benefit from that because, just as minimum wages are forced upward, businesses close or they hike their sale prices to compensate. The net result is a zero sum, you have bigger numbers in play, but the people (that means "you") have no more than they had before.

For a visual, think of a pie chart. The chart is divided into sections. If one section takes a bit from the neighboring section, the neighboring sections will compensate by taking that bit it lost from the next, which will do the same to its neighbor, and so on all around the chart until the first section loses the bit it stole in the first place. This is because there is only so much pie in the chart.

If "you" want more than you have, you have to increase the size of the pie. The ONLY way to do that is to earn more on your own.

Thanks. Beautifully illustrated because of it's simplicity.

I had a coworker who owned three homes in Seattle. As soon as the wage went up, he raised his rent. Seattle also enacted a law for various inspections to benefit renters. He raised his rent to cover those costs. When asked by the tenants about the last one, he replied that he isn't paying for the inspections, they are. At that point, they wished they had voted differently. This isn't to justify any actions, it's to state what goes on when these acts take place. I hate to see people lose their jobs, after all $10 an hour is better than $0. But these are the realities.

Indeed.

 

[Conager]

Good intentions have consequences...

Usually when you talk about the unintended consequences of some government action you're talking with the benefit of hindsight. The idea that they did something that turned out to be stupid but they were well-intentioned and they couldn't really forsee what, in hindsight, is actually a logical consequence.

In this case, anyone with a basic knowledge of economics should understand what happens when you make labor more expensive. Those deciding to do this anyway are either too stupid to be in charge of making decisions about anything or didn't really care about those consequences.

 

[Rightguide]

In this case, anyone with a basic knowledge of economics should understand what happens when you make labor more expensive. Those deciding to do this anyway are either too stupid to be in charge of making decisions about anything or didn't really care about those consequences.

Liberals obviously believe that raising prices creates demand.

 

[Disgustipated]

Liberals obviously believe that raising prices creates demand.

How the fuck are liberals in charge of prices? For ANYTHING?

 

[Conager]

How the fuck are liberals in charge of prices? For ANYTHING?

You are unfamiliar with the concept of legislating the cost of labor?

 

[Disgustipated]

You are unfamiliar with the concept of legislating the cost of labor?

FFS. That's not a party problem, Horshack.

 

[Rightguide]

You are unfamiliar with the concept of legislating the cost of labor?

Poor dude doesn't even know the legislature in Califonia is liberal Democrat and that they write the Minimum Wage Law which raises the price of labor.

 

[hashtag46]

FFS. That's not a party problem, Horshack.

Can you trolls actually sustain a debate?
All you do is troll troll and mock, as if you're avoiding exposing yourselves by opiniating at all costs.

I'm referring to you and Emerson.
Because as loathesome as his and his attack alts' racist and homophobic slurs might be, at least Rob engages in debates.

 

[SgtSpiderMan]

Can you trolls actually sustain a debate?
All you do is troll troll and mock, as if you're avoiding exposing yourselves by opiniating at all costs.

I'm referring to you and Emerson.
Because as loathesome as his and his attack alts' racist and homophobic slurs might be, at least Rob engages in debates.

Can you please go one post without talking about Rob.

 

[Christobal]

I mentioned robots before. Maybe that is too futuristic. Anyone placed an order on a kiosk or online. That is a person replaced by technology. Which never requires a minimum wage or the extra.

 

[IrezumiKiss]

Can you please go one post without talking about Rob.

 

[hashtag46]

Can you please go one post without talking about Rob.

So predictable.
Rob, I think someone has a crush on you!


Oh, I wrote plenty of posts that don't mention him.
What do you expect, when Rob aka Miles continues to harass me? For me to play nice and suck it in while he makes disgusting pornographic comments?


ETA
But I'm increasingly suspicious -as I was in the beginning- that Disgustipated is behind some of those scummy things too.
Who knows, maybe they're even sharing accounts to attack alts.

 

[PurpleSatin]

It's a real shame because it will destroy California's economy

 

[Disgustipated]

Poor dude doesn't even know the legislature in Califonia is liberal Democrat and that they write the Minimum Wage Law which raises the price of labor.

I'm sure only liberals in California have legislated minimum wage increases, ya fuckin dope.

 

[Disgustipated]

It's a real shame because it will destroy California's economy

I don't think the dummy seeing trolls around every corner will have much to do with our economy.

 

[hashtag46]

I don't think the dummy seeing trolls around every corner will have much to do with our economy.

What?
You don't see yourself as being a troll?
That's actually funny.

 

[Rightguide]

What?
You don't see yourself as being a troll?
That's actually funny.

I got tired of trying to tell him I wasn't who he thought I was, but the fearful little creep was following me around like an angry hamster, so after a few weeks of tucking my trousers into my socks I finally put the little feller on Ignore.

 

[Conager]

Can you please go one post without talking about Rob.

Why are you making talking about Rob the focus of your post? If you want to discuss that, why don't you start a thread about that?

 

[Disgustipated]

I got tired of trying to tell him I wasn't who he thought I was, but the fearful little creep was following me around like an angry hamster, so after a few weeks of tucking my trousers into my socks I finally put the little feller on Ignore.

You admitted to being vettebirther when Wrong Element pointed out your fascination with shit. After your obvious admission saying "it was fun while it lasted ", you then edited that post.

You talk about people from the iggy bunker like the coward you are.

 

[SgtSpiderMan]

Why are you making talking about Rob the focus of your post? If you want to discuss that, why don't you start a thread about that?

You seem to have me confused with Hashtag. Hashtag can't go without talking about Rob just like you can't stay on topic and instead talk about me. I sincerely apologize if me calling out Hashtag to stop talking about Rob and stay on topic bothered you.