Posted on 07/01/2017 8:56:22 PM PDT by Olog-hai
More than half a million Angelenos stand to get a raise this weekend, making the city the latest testing ground in the drive to boost incomes of bottom-rung workers.
Some businesses, facing a labor crunch, didn’t even wait for the new, $12 minimum wage to officially kick in. Josh Loeb started doling out pay bumps among the 400 employees of his six mostly upscale restaurants about a month ago. He paid for it by inching up prices at those Santa Monica haunts, adding a dollar to an organic chicken, and 50 cents to a sandwich or salad. “It’s got to come from somewhere,” said Loeb.
When the minimum wage in Los Angeles climbed from $10.50 to $12 an hour for large businesses on July 1, it marked the fourth such increase in three years, and the single largest year-over-year jump in the city’s scheduled climb to $15 for all employees by 2021.
The increase affects companies with 26 or more employees; smaller businesses follow suit in January. Santa Monica, Pasadena and unincorporated parts of Los Angeles County also went to $12 on Saturday. The state is also headed to $15, but on a slower schedule.
The city’s pay raise will add more than a billion dollars to local payrolls, according to estimates by the Economic Roundtable, a Los Angeles research group. …
(Excerpt) Read more at latimes.com ...
And Minneapolis just voted to go to $15. Sure glad I don’t have stock in any restaurant related businesses... Did any of those idiots ever take Econ 101?
You are assuming Liberals have the capacity TO think. They do not. You may want to slap them, but it’s like striking a retarded kid who misbehaves. It may feel good in the moment; but the retarded kid has no idea why.
Liberals believe that FEELING is the same thing as THINKING. This is what believing that 1 + 1 equals whatever you want them to mean, leads to. Feeling requires no thought, and liberalism means there are no consequences.
Unfortunately life doesn’t work this way; despite how many times liberals fail, they refuse to learn.
Will de Leon keep the illegals in the Garment district working for 123 dollars a day?
Well, I never spoke on any liberal’s intent on unlearning how to emotionally react versus think.
As it says in “The Naked Communist”, Marxist conditioning was intended to produce “a race of human beings conditioned to think like criminals” and “who would no longer depend upon free will, ethics, morals or conscience for guidance”. Well, we have too many of them now, and they are not producing the utopia Marx thought would appear; quite the opposite, as Marx’s critics always knew would happen.
Got stock in kiosk manufacturers?
How many of these celebrating workers will now lose their job?
Soon, instead of smuggling in illegal aliens for cheap labor, the L.A. Businesses who remain (and Seattle, etc.) will be smuggling in cheap robots from China.
Screw all those cities who fell for this Marxist scam campaign.
It will only hurt the very workers they so proudly proclaimed they wanted to help, but the advocates of higher minimum wages live well so why should they care about who they eventually hurt.
As for LA, Seattle, Minneapolis - I couldn’t give a damn about them, their economic fate, or their geological fate.
We’d be better off without them. Just hope the sane conservatives get out in time.
Are Business Revenues going to magically increase 50% by 2021 to cover this?
Have they used up all three Wishes the Genie gave them yet?
Well, there goes Big Mac Monday.
I’ve lived in both states, California for the first 24 years, and moved to Tacoma in 1993 assigned to McChord AFB. Been here since after retirement in 1995.
Don’t know how many times I’ve said if you take a great big shovel, and trade the states, the people would get up the next morning and not know the difference.
But raising the minimum wage in California has nothing to do with the workers. The state government is generating tax revenue. The state has been broke for years living on the edge. A few years ago, they couldn’t even pay their tax refunds to the citizens that earned them and ended up sending IOU’s.
But the raise is only $1.50 an hour to the employee and when taxed it will hardly break even as they will be in a higher bracket. So the actual damage won’t look to bad because of the low figures. But the increase in prices by the employers will cut business and will cause layoffs and closures in time.
And according to Forbes, since the increase in Washington unemployment has increased over 3% at that wage level. There’s fewer jobs, the unemployment rate is higher and the number of unemployed is higher. The combination of those three means that it’s not a change in population size driving this: it really is that more people who would like to have a job don’t have one because they are priced out of the market.
rwood
Not $12 an hour but $24,000 a year, and similarly, not $15 an hour but $30,000 a year. That is the proper context and the one that will get people’s attention and stop the madness.
Still won’t wake liberals up. They will have to feel the pain more acutely.
in other news teenage unemployment skyrockets
[You are assuming Liberals have the capacity TO think. They do not.]
One look at the comments by liberals posting over at Yahoo (Fake) “News” proves that is absolutely correct. The stupidity and ignorance is rampant.
Has to be the beginnings of the Strong Delusion of reprobate minds. They can NOT recognize truth. Of course if they did, they’d switch off and walk away from CNN/ABC/CBS/NBC/Yahoo/Washington Post/New York Times/Los Angeles Times.
The mere fact that they don’t shows they have an appetite for lies. After 8 years of Obama’s lies, their little heads are exploding.
I have said this many times: The goal should not be to raise wages of workers. The goal should be to change the rules that make it impossible to make a low-wage economy — such as is seen in China, India, Vietnam, Brazil, etc. — work here. In those places, they are set up to accommodate low wages. They have, for example, housing options cheap enough for low-wage workers to afford, even if they would be considered “substandard” by Western standards. For the very poorest, Brazil even tolerates shanty towns on the outskirts of its cities. Here in the US, we would never consider such a thing. There, it works.
Why do people think they “need” $15 per hour? Because in this country, people don’t have the freedom to live in a place with no running water & an outdoor toilet, if that’s all they could afford. Set g
Not just Seattle and Portland but Illinois. California is just behind IL in getting ready to go under.
Oh, the joys of leftist economics, it just makes a normal person want to scream. I do pity those state workers who think they will get what what promised to them in their retirement.
“The city’s pay raise will add more than a billion dollars to local payrolls,”
Bwahahaha. It’s magic!
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