What a bunch of wusses! $10,000 an hour would be better!
Just robotize most of the jobs and pay a few management staff to run the joint. That’s where this is headed anyway. The commies like Steyer pandering to the unions with this minimum wage garbage only accelerates this disruption.
They can eaisly “pay” it. But that would be a dumb business move, and most locations would fold. They are not charities.
Cheaper to pay a machine nothing, and pay a small team of great workers 20 dollars an hour to keep things humming along.
Of course not...Democrat plans never work.
There’s an analysis making the rounds observing Sanders’ plan for $15/hr minwage works out to workers netting ... $7.25/hr.
It’s just a way to squeeze more tax revenue out of the economy in a palatable presentation.
C’mon, Pal. I’m sure the public won’t mind shelling out twenty bucks for a Big Mac.
Of course it would - the real minimum wage is $0 (for being out of work), and the overwhelming majority of economic studies confirm that a higher minimum wage increases unemployment.
But (ex)CEOs need to understand that nobody who does't already agree with them is going to listen to a CEO on this subject. If anything, it's free advertising for anti-CEO candidates. Too many CEOs have screwed over American workers with 'cheap' foreign labor.
He’s wrong of course — it’s workable because the goal isn’t to benefit anyone but the jackass politicians who vote for it. When their stupid plan blows up in everyone else’s faces, they have employers to blame.
$46,000 per year to flip burgers or blow grass off a driveway?
You will hear a giant sucking sound of jobs leaving the US
The point is not increasing minimum wage. The point is a super-majority voting block dependent on government programs because they’re all unemployed.
It’s about getting reelected forever, and not having to answer opposition.
It’s about power.
Yes, this is a bell weather issue. The GOP is stuck in 2008. The current min wage is $7.25/hr which is just as ridiculous as the proposed $22.00/hr. The GOP should counter with $12.50/hour and git this divisive issue off the table.
A $22 minimum wage would be the greatest possible boost to the economy - in the all-important robotics sector. :)
It’s about all of those union contracts tied to the minimum wage and the big boost in Democrat contributions that would follow. Whether marginal people can actually get $22/hour jobs or find no work and end up in an expanded social welfare system is of no consequence to Steyer and the other master manipulators.
Employee John Lathe makes 10 widgets per hour and is paid $10.00/hr. The widgets sell for $10.00 each. John gets a pay increase to $15.00 hours ( a 50% pay increase!!!) . How much will widgets cost now in order to absorb the increase in John's hourly rate?
Dem plan for minimum wage ‘just isn’t workable,’ says McDonald’s ex-CEO
What would he know. /s
”From the accepted doctrine that the United States is a government of delegated powers, it follows that those not expressly granted, or reasonably to be implied from such as are conferred, are reserved to the states, or to the people. To forestall any suggestion to the contrary, the Tenth Amendment was adopted. The same proposition, otherwise stated, is that powers not granted are prohibited [emphasis added].” —United States v. Butler, 1936.
All they care about is that promising higher minimum wage to low-information voters wins them enough votes to help keep them in power imo.
Remember in November!
MAGA, now KAGA! (Keep America Great Always!)
Supporting PDJT with a new patriot Congress that will promise to fully support his already excellent work for MAGA will effectively give fast-working PDJT a third term in office imo.
What changed? I just read yesterday that he polled high enough to earn a podium spot on the stage. I think it's great, dueling morons, it's just too bad that these idiots aren't forced to explain what a $15 or $22 minimum wage will do to prices across the board.......or the wages of everyone else still working.
What happens when a apprentice in a skilled trade is now receiving the same or less than an unskilled busboy?
What happens to seniors on social security when prices go up across the board on everything to pay for the new minimum?
What happens to all the minimum wage workers that get laid off because employers need to trim their overhead and the workers whose job load gets increased to cover it? Or those whose job flat out disappears because the big burger chains(and others) switch to kiosks for ordering so no more cashiers and robots to cook assemble and wrap the food? A win win for the employer with a one time cash outlay, no payroll or payroll taxes or calling in sick or sudden month long trips back south of the border?
These are the things, or some of them that these social justice morons never talk about or even acknowledge are effects of a major minimum wage increase, especially for jobs that were intended as temporary entry level positions for students and others just entering the job market, not for raising a family or as the left likes to call it a 'living wage'. A living wage comes from a job you earn after learning a sufficient skill set or skilled trade.