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Seattle $15 Minimum Wage Killing Jobs, Hurting Students
pjmedia.com ^ | 5/5/2015 | Walter Hudson

Posted on 05/05/2015 8:39:36 AM PDT by rktman

Students at the University of Washington in Tacoma are getting an object lesson in the value of a dollar. As economic dominoes fall in the wake of a municipal minimum wage hike to $15 per hour in Seattle, university students find themselves digging deeper into their pockets to cover higher prices resulting from the mandate

(Excerpt) Read more at pjmedia.com ...


TOPICS: Business/Economy; Constitution/Conservatism; Culture/Society; US: Washington
KEYWORDS: fookinidjits; liberalutopia; minimumwage; minwage; seattle
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To: JRandomFreeper

Darn good to see ya sir! Heard you had a rough weekend. We’ve been keeping you & yours in our prayers.


21 posted on 05/05/2015 9:06:34 AM PDT by dware (The GOP is dead. Long live Conservatism.)
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To: rktman

Don’t worry, the leftists will pass a law subsidizing the restourant industry in the area, thereby dropping the prices back to where they were.
No one will think about who is getting raped for the money to pay for it,it will just happen.
That, or the “price gougers” will be punished by the government. The business owners will not make a profit, go on welfare, the workers live better than they do, and the self-righteous left will goose-step on.


22 posted on 05/05/2015 9:06:49 AM PDT by vpintheak (Call the left what they are - regressive control-freaks)
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To: rktman

I have 1 Employee, his base salary before bonuses is $60K,
MY COST to pay that Salary is $100K after Insurance, FICA, Workers Comp,(All EMPLOYMENT EXPENSES)......If he does not EARN a Minimum of $200K in PROFIT FOR ME, I don’t need him. I also supply him with a Brand New Truck, Insurance, Fuel, Maintenance...


23 posted on 05/05/2015 9:07:52 AM PDT by eyeamok
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To: Lumper20

You are 100% spot on with the economics! It amazes me so many liberal government policy experts have Economic degrees. They must teach that in Econ 601


24 posted on 05/05/2015 9:09:42 AM PDT by martinidon
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To: rktman

No, no, no. You need a B.I.G. Basic Income Guarantee. Everyone gets $50,000. If you earn more, it’s returned to its rightful owner in taxation.
yeah, that’ll work.
It’s no longer equal opportunity. It’s no longer income inequality. It has become Equal outcomes!
(and yes, I worked for $1.25/hr, too)


25 posted on 05/05/2015 9:10:16 AM PDT by griswold3 (Just another unlicensed nonconformist in am dangerous Liberal world.)
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To: rktman

Wondering how soon before this minimum wage law is overturned….or a new regulations are written. Or, a new law passed making it illegal for them to go out of business/lay-off workers/cut hours…sounds like an Ayn Rand novel.


26 posted on 05/05/2015 9:12:17 AM PDT by FrdmLvr ("WE ARE ALL OSAMA, 0BAMA!" al-Qaeda terrorists who breached the American compound in Benghazi)
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To: rktman

The Laws of Economics cannot be ignored, even by the All-Knowing College student..............


27 posted on 05/05/2015 9:12:58 AM PDT by Red Badger (Man builds a ship in a bottle. God builds a universe in the palm of His hand.............)
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To: martinidon

My coworker spouts that nonsense as do others ,and also the “Fox News is nothing but right-wing BS”.
There is no reasoning with them.None. Any attempt to set them straight with the truth is met by loud derision.Their minds are closed.


28 posted on 05/05/2015 9:13:34 AM PDT by hoosierham (Freedom isn't free)
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To: rktman

I worked for $0.50 and hour................


29 posted on 05/05/2015 9:14:05 AM PDT by Red Badger (Man builds a ship in a bottle. God builds a universe in the palm of His hand.............)
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To: hoosierham

Brains of Steal...............


30 posted on 05/05/2015 9:14:52 AM PDT by Red Badger (Man builds a ship in a bottle. God builds a universe in the palm of His hand.............)
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To: St_Thomas_Aquinas

LOL!


31 posted on 05/05/2015 9:15:11 AM PDT by FrdmLvr ("WE ARE ALL OSAMA, 0BAMA!" al-Qaeda terrorists who breached the American compound in Benghazi)
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To: griswold3

LOL! When I finally settled into what turned out to be a nice 36 year career, I took a 90c/hr cut in pay to take the job at $4.05/hr with 3 kids and a house. Living wage? It must have been.


32 posted on 05/05/2015 9:15:17 AM PDT by rktman (Served in the Navy to protect the rights of those that want to take some of mine away. Odd, eh?)
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To: Red Badger

Well, it you can count my stint in the Navy, I think it was that or less at one point. :>}


33 posted on 05/05/2015 9:16:48 AM PDT by rktman (Served in the Navy to protect the rights of those that want to take some of mine away. Odd, eh?)
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To: vpintheak
Yep, they do the same thing with taxes. They pass laws for new taxes, then they pass laws to exempt certain businesses. When they do not get the anticipated revenue from the tax increase they pass more laws for new taxes, then they pass laws to exempt certain businesses.
34 posted on 05/05/2015 9:18:31 AM PDT by martinidon
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To: rktman

O.M.G. Who knew????


35 posted on 05/05/2015 9:26:21 AM PDT by leapfrog0202 ("the American presidency is not supposed to be a journey of personal discovery" Sarah Palin)
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To: rktman

My first job after having paper routes as a teen at 15 was a local fast food chain for 50 cents an hour.

I held that job just long enough to get ‘experience’ so I went and got another FF job at another regional chain for 65 cents an hour at a competitor.

I held that job for 3 years, off and on because of school, until 18 when I joined the Marines at 18.

When I got out 4 years later, an E5 at 22, with a real good skill, I made $5.75 an hour at a Fortune 100 company, in 1977.
I was making the Big Bucks!

That would be $22.27 an hour by today’s measure.:

http://data.bls.gov/cgi-bin/cpicalc.pl


36 posted on 05/05/2015 9:28:13 AM PDT by Red Badger (Man builds a ship in a bottle. God builds a universe in the palm of His hand.............)
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To: Lumper20

What is often ignored is employers must raise the wages of the more skilled and/or more experienced workers.


37 posted on 05/05/2015 9:28:46 AM PDT by monocle
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To: rktman

“Do you remember working for $1.25/hr”

Yep, that was how much I was paid for my first job,which was picking up the broken bricks left behind after the brick masons finished brick-veneering houses.

I worked with an all-black crew of laborers, guys I grew to love. Most were broken-down alcoholics. Otto was a convicted murderer who had served seven years (the average sentence served for murder at the time in that state) in the state pen for murdering his wife. Our consensus was she probably needed murdering, though since she wasn’t around to tell her side of the story, we were probably a bit biased towards Otto. Herbert was an ex-navy cook, but that’s all I ever got out of him. Given his age, he almost undoubtedly served in WWII. Herbert chain-smoked and eventually died of lung cancer. His talent was perfectly squaring and planing footer ditches after they were dug by a backhoe, which the rest of us pretty much just shoveled out the loose clods.

My boss laughed his ass off when he handed me my first paycheck, which included the attached paystub which listed all the deductions. I was 17 then.


38 posted on 05/05/2015 9:32:19 AM PDT by catnipman (Cat Nipman: Vote Republican in 2012 and only be called racist one more time!)
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To: rktman

Bump


39 posted on 05/05/2015 9:33:33 AM PDT by lowbridge
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To: rktman
So why restaurants first? It's pretty simple if you've ever done books for one. A business running a 3-5% margin is suddenly faced with a 25% increase in salary - that's bad enough, but supplies go up too because the suppliers are also facing that salary increase. You end up meeting salary out of business capital, which dwindles because it isn't being replaced. You raise prices for more revenue and end up losing business and getting less revenue.

For a small business there's nowhere to hide. You make salary out of pocket and raise prices and hope that the revenue increases before the money runs out. If not, you're done, and it happens very quickly, and by the way, if the cost of benefits also rises, which it is, it can be in the blink of an eye.

Anyone who has ever run an business of any kind knows the equation. The problem is that the people making the decisions haven't ever done that, and figure the math is done when you multiply the number of employees you have by three bucks an hour. Business failures under these circumstances are a big mystery to them. Here's some news: being broke isn't a capitalist plot, and being unemployed isn't social justice.

40 posted on 05/05/2015 9:35:29 AM PDT by Billthedrill
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