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?
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.
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.
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!
They will simply not grasp the connection.
Like taking a rolled-up newspaper and spanking a dog that made a mess - two weeks ago.
Their lack of critical thinking skills precludes any thought more complex than "Give me mo' stuff!"
Regards,
In six months we will be flooded with stories whining about the new “Food Deserts” in the LA ghettos.
So if people stop eating out because of that increase what do they do with their disposable income? Do they start to cook for themselves?
What about cleaning services? Will the increase in labor caused people to start to clean their own houses?
What about landscaping? Will will people start to mow their own grass?
Will the savings rate increase or do they spend the money elsewhere?
So it is a zero sum game?
As the minimum wage rises, so to many union wages tied to it. Thus contributions to the democrat party also rise. That’s a nice scam, no?
On the other hand, wage inflation leads general inflation...... that’s what the article says.
The general inflation is the only way to reduce the debt at all the different levels of government. That’s the way it has been since the beginning of time
So if a person decides to forgo a trip to McD’s because it cost to much do they just not eat then? If they make a bologna sandwich for themselves and save $5.00. what happens to that saved $5.00?
I call it the collective “union mentality” syndrome.
Strike or have the government raise your pay for political reasons that have no connection to productivity.
After that, in a few months start to whine about why the cost of everything has gone up due to increases in labor costs.
After that, go on strike again for higher wages again, and again, and on and on and on...with.....each time the price of everything rising to cover it.
The have no idea that your pay is based upon what is your worth to the employer or the complexity of the job to be done. Just worker bees buzzing around only thinking of what they will be doing this weekend.