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

Exactly.

We should get back to the system of barter and trade and watch all these people scream about how they don't have enough to barter for anything.

 

As I said, they’re better off that he started. They’d be even better off if he didn’t keep all the money

 

The top 1% of American earners now own more wealth than the entire middle class
https://www.usatoday.com/story/mone...earners-more-wealth-middle-class/71769832007/

 

Good for them.

 

some of it in the pockets of his employees

 

bad for everyone else

 

eventually, then wages go up again, been happening that way for the last 100 years

 

and they do, but they raise prices

 

The zero sum theory is a failure.

If I take a tree, that has minimal value. Cut it down, mill it, and craft it into a chair that I can sell for $100, did somebody else lose $100 to make that happen?

Our economy since it's inception has grown, and that's a result of innovation, research and development, and production.

This idea that anybody is "hording" the money, which then prevents others from having it and thus makes them poor is simply an argument of the weak to wage class warfare.

Find your own tree and put in the work.

 

The laws of economy do.

Good guess. I assume this, too

If they can't pay their staff, they are not smart enough. Maybe it would have been smarter, not to francise. Look, when in Germany a minimum wage was introduced, the same arguments ploppesup: People will loose their job and then theys would be even poorer. Restaurants will be closed, because the ROI would brake down. What happened? Many many people where able to spend money and so many new jobs were created.

 

No, only smart ideas can keep businesses alive. Businesses and corpoations do not exist to provide ROI. That's not their purpose.

 

You will see, along with a livable minimum wage there comes education. Other nations went through this process before. If you want to avoid young people leaving the country, you have to care for them. Europe is full of old people, we're looking not only for rocket scientists, but our manufactures are looking for young workers. Even on the entry level all workers get 25 paid vacations days, unlimited sick days and universal health care.

 

How does a liveable minimum wage come with education? BTW nobody can live on the minimum wage. Minimum wage earners are dependents living with parents. When Sharyl Attkisson was a young reporter she was asked to find a family whose workers were making minimum wage. There were none.

If you want to avoid young people leaving the country reduce taxes. It takes tax revenue to pay for 25 vacation days, unlimited sick days, and universal health care. The productivity of European workers is low due to the limited work week hours and 6 weeks of vacation.

 

Sure there are none. If you work on US-minimum wage, you don't have either a family nor a house to life in. BTW: In the whole developed world besides the US of A a "minimum wage" means a "livable wage", and, with all respect to you, other opinions seem bizarre. The education thing: Education goes with wealth.

Do workers on minimum wage pay taxes in the USA? In Germany that part of the income that covers the basic needs isn't taxed at all. And these basic needs are defined as minimum wage. When we pay more taxes the tax money goes into maintenance of the infrastructure, keeping all people safe and warm (!), and tuition free education. Vacations days aren't paid by the government, they are paid by the workers themselves (or the companies, if you want), as well as unemployment and health insurance. Yes, German workers are more expensive than workers in the USA ("Lohnnebenkosten"), but still mot more expensive than US-American workers, due to higher effiency and really hard work. We work 8 hours a day, but that means no smalltalk, no extra coffee breaks, and after 8 hours we are done.

There's a good video that asks wether German or US-workers are better off, made by a Ameican linig in Germany doing social research. Maybe you find the time to take a look:

 

An employer that hires extra employees because they have low salaries is either a bad manager wasting money on superfluous workers or a Saint spreading the wealth.
These places laying off people or closing are using the salaries as an excuse for whatever their real motivations are. Yes, there will be some price increases but in the end employment will be unchanged after a little time to adjust passes.

 

If prices increase less is consumed. That is basic economics.

 

Compare the tax rates, VAT taxes, and cost of living in Europe to the US.

 

If one loves residing in a third-world country where wage theft is allowed to stifle the demand side of the economy.

 

I doubt very few will as a result of min wage.

I bet most are paying $20 or more per hour already.
Since the midwest McD's are at $16.

 

Like Ford did with his auto workers?

He paid them enough to be able to afford the product they were making.
That's what is meant by sharing some of the profit.

He could have had higher profits, but instead, paid his workers enough to own a car and it reduced his profits.
Perhaps, made more money by being affordable to more people. Even though less profit on each vehicle.

 

We do have the system of barter and trade.
We just us this barter item called money. Instead of chickens.

 

You do realize that most McDonald's stores are a part of franchises...not actually a part of McDonalds itself, just stores carrying its name brand for which the owners of McDonalds get kickbacks? It is the owners of these franchises that determine the pay rate of its employees, not McDonalds Corp itself.

 

This might be true...if CEO's and the like spent their money in the market rather than buying multiple mansions in order to "store" the money. By storing that money its not being put back into the market which then increases the prices of products. And that increase can prevent a person from owning the equipment necessary to cut down that tree and mill it turning it into a chair.

 

Yes, I understand that their corporate stores and franchise stores are under the McDonald's umbrella. Either way, some McDonald's employees are eligible for governmental assistance due to the low wages that they receive.

Another example of how corporate welfare works:
As it turns out, McDonalds has a “McResource” line that helps employees and their families enroll in various state and local assistance programs. It exploded into the public when a recording of the McResource line advocated that full-time employees sign up for food stamps and welfare.
https://www.huffpost.com/entry/walmart_n_4267907
My wife received a letter directly from an employer suggesting she may be eligible for governmental assistance when she worked part-time at a major clothing store chain.

 

The more you have, the more you spend. Basic economics.