Posted on 12/31/2018 5:47:44 AM PST by Olog-hai
At Granny Shaffer’s restaurant in Joplin, Missouri, owner Mike Wiggins is reprinting the menus to reflect the 5¢, 10¢ or 20¢ added to each item.
A two-egg breakfast will cost an extra dime, at $7.39. The price of a three-piece fried chicken dinner will go up 20¢, to $8.78. The reason: Missouri’s minimum wage is rising.
Wiggins said the price hikes are necessary to help offset an estimated $10,000 to $12,000 in additional annual pay to his staff as a result of a new minimum wage law taking effect Tuesday. […]
New minimum wage requirements will take effect in 20 states and nearly two dozen cities around the start of the new year, affecting millions of workers. The state wage hikes range from an extra nickel per hour in Alaska to a $1-an-hour bump in Maine, Massachusetts and for California employers with more than 25 workers. […]
A series of studies by the University of Washington has produced evolving conclusions. In May, the researchers determined that Seattle’s initial increase to $11 an hour had an insignificant effect on employment but that the hike to $13 an hour resulted in “a large drop in employment.” They said the higher minimum wage led to a 6.9 percent decline in the hours worked for those earning under $19 an hour, resulting in a net reduction in paychecks. …
(Excerpt) Read more at apnews.com ...
Do you mean like with Clinton?
Cheaper to cook at home - should be healthier too, but mileage may vary.
I’ve tried several times to explain to a liberal co-worker that increased costs of goods and services are a guaranteed product of raising worker wages. I’ve never been able to get through to him.
In order to raise wages services and products prices must go up.
...
When the wage increases are done by decree rather than due to the market or productivity increases.
I am not opposed to minimum wages either. The impact is not that great. Even the restaurant raised prices very minimally—5 to 20 cents. I still think, as I wrote above, the government might also accomplish this via e-Verify to root out illegal aliens so that jobs are available only to Americans, leaving companies to compete, to pay competitive, market set wages. The government needs to end all worker visa programs, remove work authorization from illegal aliens release while waiting for court dates, from asylum seekers, from anyone accompanying a visa authorized person (such as H1B, which should be eliminated as well).
This whole Amazon debacle up here in the NYC metro area showed how leftist these conversations can become; gibsmedats are conditioned to expect an employer to function as a supplement to gubmint benefits (not for workers, but for residents), and were enraged that tax breaks were offered to entice Amazon.
Here in neighboring NJ, where Senator Spartacus T-Bone Booker claimed Amazon should choose Newark because it offered an educated, well-trained workforce (yes, he said that with a straight face - pardon the pun), we now have mandatory sick leave for all employees - part-time, seasonal, whatever. This new “benefit” mandated by the government will be factored into salary considerations by any competent employer, so the Democrat regime here is also trying to push through a $15/hour minimum wage state-wide. There is an ongoing exodus of employers here, as well as an exodus of skilled workers who want to keep some of their income from the government worker caste and the gibsmedats (who are being allocated out of the urban sh!tholes to surrounding towns to provide funding for them - the urban dumps have no revenue to provide public schools, emergency services, and such). They are doubling down on disaster, as though we are in the old Soviet Union where migration can be limited/banned; the death spiral worsens daily.
Oh you mean business don’t just eat those increases? The public pays for minimum wage increases? Go figure!
Prices rise, businesses go under or won’t hire, people get fired.
What’s not to love.
Government mandates are as bad as government subsidies.
And using phrases like “public transportation” instead of “mass transit” (the latter can be privately operated, “out of the farebox” to use a transit-related term) is a nod to government subsidy.
The major point relates to purchasing power. Government interference in the market always erodes that.
It’s appalling that EVerify has not been made the law of the land. It’s the best proof we have that there are very few if an US Senators or Reps who truly want to save the nation.
This government mandate IS a government subsidy - transferring more money from employers (through paychecks) into Social Security and Medicare. The increased “contributions” from employees is simply money they didn’t have before, anyway.
On a related note, I heard NYC is supposed to implement income-based mass transit passes in the new year. Now “regular people” can pay full price (which includes a portion set aside to subsidize “reduced-fare” users)...
When the funding issues were being discussed, it was pointed out how much revenue was lost due to turnstyle-jumpers - but nobody wanted to discuss that/enforce the law.
“On a related note, I heard NYC is supposed to implement income-based mass transit passes in the new year”
—
I was not aware of that.
Insanity.
What’s next,income based grocery prices?
.
.
A dime! OMG the end of the world!!!!!
You are not factoring in that as wages go up the need for public assistance goes down.
We already have that (food stamps - “free” to the recipient).
I believe it is called “Fair Fare”, and the gibsmedats are p!ssed off that it hasn’t been widely publicized, and it only applies to weekly and monthly Metrocards - not single rides. Give an inch, they want a foot...
But now the Wall Street class views it as a crises which and needs to be addressed with more immigrants and also eliminate the minimum wage.
And we wonder why Republicans never seem to get a majority....
What the minimum wage hawks are saying is we want a government subsidized work force.
Wiggins said the price hikes are necessary to help offset an estimated $10,000 to $12,000 in additional annual pay to his staff as a result of a new minimum wage law...Owner Wiggins expects to maintain his own income, standard of living, and equity in his business. Why is he accepting lower earnings himself? if all business owners did that, then we wouldn't ever get into a wage/price spiral.
/s (in case you didn't know)
Government interference is allowing an oversupply of cheap labor from invaders, legal and illegal and outsourcing which increases corporate profits and exec paychecks. Only problem with all of that is it destroys the supply and demand curve for labor. The result is wages that don’t provide a living wage. And when that happens, the rich get richer and the poor get government subsidies. A global “race to the bottom” seeking cheap wages is not sustainable.
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