Restaurant Workers Lose Their Jobs Over Newsom’s $20 Minimum Wage

LOL your view that businesses are subsidized by taxpayers is nothing but spin. And it's not true.

 

If consumers did not have the money to buy a product then the amount manufactured would be exactly zero. Since it's not, consumers must have enough money.

 

PSA for the unicorns and rainbow crowd:
https://miro.com/blog/supply-and-demand-diagram/

You're welcome.

 

I'm glad you said that. It is a fact that this $20 an hour minimum wage puts these fast-food restaurants in danger and there be rising prices in the selections, and it will get so bad that those that have way too low incomes and the unemployable won't be able to afford to go to McDonalds anymore or something like that. There may be more people at the soup kitchen than there will be at McDonald's, Burger King, Wendy's, Carl's Jr, and many more. Give workers a raise in pay there is the possibility of raising prices so not too many will be able to afford it. That is the sign of the times, or it will be.
Minimum Wage: Labour fires back at governors, says 'Don’t cause trouble with your utterances' - Vanguard News (vanguardngr.com)
California fast food workers' minimum wage raise in jeopardy? (sfstandard.com)

There you have it. I remember the movie Soylent Green where a jar of strawberry jelly cost $150.

 

OK, so then your OK with raising the minimum wage to a livable wage, which would cut social spending by the governemnt ?

 

Plus if consumers have the money that money comes from them exchanging their human capital for wages for production. And again production always precedes consumption.

 

My position which I have stated multiple times is clear.

 

But your making the huge leap that the only way to cover that wage increase is to increase prices. You leave out that in most circumstances, costs can be shifted to cover those increases.

As I have pointed out in other threads, Jeff Besos is worth over $800 BILLION dollars, and last year took a total comp package of $731 million. Yet Amazon employees get government assistance (re: you and I are subsidizing his employees), while Jeff Besos spent money starting Blue Origin Enterprises, a company to build hotels in space ! And also know, that Amazon, thru their market share can dictate prices on their platform.

Mom and pop shops are less and less every day, because Amazon dictates prices. Also the american taxpayers have subsidized Amazon to the tune of $6.7 BILLION !!!!! The database is right here....https://goodjobsfirst.org/amazon-tracker/

Now tell me again how we need to keep wages low so mom and pop can survive

 

Clearly, you did not understand Lincoln's quote: Labor is prior to, and independent of, capital........

 

BS. I have worked at small companies most of my working life. One of the last companies I worked at had less than 30 people. On my teams more than half of them got government subsidies in the form of food stamps. housing assistance etc. But the owner was buying farmland literally every week to hide it from the government and potential seizure from lawsuits (in Iowa creditors can only take farmland under very specific circumstances, and it is VERY HARD to do). The owners net worth is well over $40milllion.....but yeah, you and I should subsidize him buying new farmland ? He can absolutely afford to pay a living wage, but he doesn't because he isn't forced to.

 

Your dodge is noted

 

I am talking about the price of entry level labor.

 

Go back and review. I have stated my position multiple times. My position has not changed.

 

Labor is capital - it is human capital which is necessary for production. This is exactly Lincoln's point. Human capital is required for production. Production always precedes consumption.

 

Dude, your employers wealth has NOTHING to do with the cost of labor.

 

Fast-food workers make $20 an hour. California's other low-wage earners ask: What about us? (msn.com)

Stephon Harris makes $16.35 an hour at the Rancho San Miguel Market, ringing customers up for pints of fresh salsas and masa.

A few hundred feet away, at a Jack in the Box drive-through, workers are making about $4 more an hour thanks to California’s mandatory $20 minimum wage for fast-food employees that kicked in last month.
"I would like to make that," Harris, 21, said as he assisted customers.

He is among California's low-wage workers who are left out of sector-specific minimum wages recently approved by the Legislature, with hospital workers — including gift shop cashiers and cleaners — set to get at least $25 an hour under another similarly hard-fought deal in the state Capitol.

Harris, who lives with his parents and says the grocery store job is temporary, isn't mad. He just wants in, too.

"In fast food, you have to deal with a lot. People are more rude to you," he said. "But everybody wants to make more. Sixteen dollars an hour is definitely not enough if you're trying to support a family."

The fast-food and healthcare wage requirements join a separate patchwork of mandates ordered by some California cities that require employers to pay more than the state's $16 hourly minimum wage.

$20 an hour wages will send menu prices up. There is that possibility where customer will turn away from the fast-food restaurants
If you look at the workers that work at these sheltered workshops for the handicapped, they're more likely to work at 20 cents an hour rather than 20 dollars and hour. Think about that and the's California for you.

 

Lincoln believed that labor is the bedrock upon which any economy or society is built. Without the hard work, effort, and productivity of individuals, there would be no capital accumulation.
Lincoln’s emphasis on labor over capital underscores the fundamental role of work in shaping economies and societies. It serves as a reminder that prosperity should benefit everyone, not just a privileged few. Lincoln did not dismiss the importance of capital. He acknowledged its role in creating wealth, funding projects, and promoting economic development.

 

This is California for you:
California remains the 5th largest economy in the world since 2017. California is the 5th largest economy in the world for the seventh consecutive year, with a nominal GDP of nearly $3.9 trillion in 2023 and a growth rate of 6.1% since the year prior, according to the U.S. Bureau of Economic Analysis (BEA).Apr 16, 2024

 

And Lincoln is exactly correct. Human capital engaged in production first to provide food and goods for their own families and then to use extra human capital to produce goods for sale to others is one of the fundamental building blocks of civilization. The first transactions were barter in which maize was traded by inland peoples to coastal peoples for fish as an example. Production always precedes consumption.

 

And CA has the highest poverty rate of any state in the nation.

 

Like the quote about Lincoln, you are just making stuff up.
According to the U.S. Census Bureau, the national poverty rate was 12.4% in 2022, up from 11.2% in 2021. These states have the highest percentages of poverty in the country: Mississippi, Louisiana, West Virginia, New Mexico, Arkansas, Kentucky, Alabama, Oklahoma, Texas, and New York.Nov 6, 2023

 

I don't think there should be a minimum wage at all.

Government doesn't dictate the value of Labor the market does. If you raise minimum wage above the market value of Labor you're essentially making it illegal for people to work.

 

Well if the cost of fast food gets too high people just won't buy it anymore. The reason why it's so popular is because it's so cheap.

Essentially what this is is a de facto fast food ban in California.

 

You cannot refute my posts on Lincoln so you dismiss as "making stuff up".

My statement is true as verified by Politifact:

https://www.politifact.com/factchecks/2017/jan/20/chad-mayes/true-california-has-nations-highest-poverty-rate-w/#:~:text=During the same,Institute of California.

 

Lincoln's quote speaks for itself.

As does the quote FROM Nov 6, 2023:
According to the U.S. Census Bureau, the national poverty rate was 12.4% in 2022, up from 11.2% in 2021. These states have the highest percentages of poverty in the country: Mississippi, Louisiana, West Virginia, New Mexico, Arkansas, Kentucky, Alabama, Oklahoma, Texas, and New York.Nov 6, 2023

As opposed to your quote FROM January 17, 2017.