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

He was talking about trickle down tax dollars to the lower earners. NOT supply side economics by any means.

 

Why do you say falsely. Was demand for personal computers falsely created? How do you create the mouse trap and bring it to market without the capital first?

 

I don't know if this has already been asked, but why do only fast food worker get the $20 minimum wage?
I'm surprised that the word "discrimination" hasn't appeared yet.

 

Do you have any idea about capital formation and the TRILLIONS of capital in the markets that make up the assets of all those companies????? It ain't all government paper on loan what a preposterous statement.

I am totally against the federal government doing so. I am just as against as Biden paying off all the student loans of the wealthy how about you?

 

When a product is purchased it is consumed. And before a product is consumed it is produced. Production always precedes consumption. Basic stuff.

 

Well of course and companies spend LOTS of capital creating new products, creating demand for them and creating an inventory long before they take it to market and suffer through those unprofitable years.

All that takes CAPITAL and when the government takes so much of our GDP and capital out of the market the economy suffers and that means you and me suffer.

I think there is too much discussion on which came first the chicken or the egg. It takes both but you gotta go back one step to make it all happen.

 

Not all products are purchased.

Raw material are consumed in all production and a final product may or may not be consumed. Production does not always equate to consumption or be for purchase. What's relevant is properly using terms and/or properly defining them before spouting off, remember you quoted me and ended up here, being wrong again about what the driver is, DEMAND in every free market. Consumption was where you went wrong and when pointed out, you double down and it's left you flailing around now. Demand precedes ALL, the point of the post of mine you had to quote and now here you are, still flailing. I made my point is my first post, you "point" was buried, it's just lazy to fall. Demand comes first unless there are subsidies.

This was the post that buried you:

 

Then they are not consumed.

 

The post that caused your confusion^^^

And demand is always first in a free market, QED. Consumption does not mean it ceases to exist, jeez....

 

Production is always first. It’s very easy to understand. How can something be consumed before it is produced. There is no confusion about that.

 

This is the post you quoted,

This was supposed to be a valid reply, nahhh, more red herrings.....

So, not all products are purchased. IOW, not everything that is produced is consumed. Another teaching moment for you to ponder.

Raw materials are consumed in all production and a final product may or may not be consumed. Production does not always equate to consumption or be for purchase. What's relevant is properly using terms and/or properly defining them before spouting off, remember you quoted me and ended up here, being wrong again about what the driver is, DEMAND in every free market. Consumption was where you went wrong and when pointed out, you double down and it's left you flailing around now. Demand precedes ALL, the point of the post of mine you had to quote and now here you are, still flailing. I made my point is my first post, you "point" was buried, it's just lazy to fall. Demand comes first unless there are subsidies. Try again...

 

Production is often greater than what is purchased. It's much better to produce slightly more than what is purchased than to under produce and lose sales and profits. All of this is what businesses go through daily. The businesses that get it right through planning or luck are the businesses that succeed.

A product cannot be consumed unless it is produced. Simple concept.

 

Because the industry agreed to it is the short answer. The fuller answer is that there was an effort to create a state oversight board with new authority over the sector that would have upended the franchise model and likely would have pushed wages up higher to the $23 range. This new system would have, among other things, made the parent company legally liable for certain acts of individual franchise owners. If Jesus Chang, the owner of 5 McDonalds in California, decided he wasn't going to give workers their breaks or wasn't paying workers properly, then McDonald's Corporation could have been fined and sued instead of Chang Enterprises, Inc. Once the effort to implement the new system ran into a roadblock, the fast food industry in california agreed to the $20 MW just so Newsom could save face in exchange for him not pressing forward trying to get those more cumbersome reforms in place.

 

Even a simpler concept that's appears out of your grasp, Demands drives ALL in a free market economy. So, not all products are purchased. IOW, not everything that is produced is consumed, a FACT, you need an example? Another teaching moment for you to ponder.

Raw materials are consumed in all production and a final product may or may not be consumed. Production does not always equate to consumption or be for purchase. What's relevant is properly using terms and/or properly defining them before spouting off, remember you quoted me and ended up here, being wrong again about what the driver is, DEMAND in every free market. Consumption was where you went wrong and when pointed out, you double down and it's left you flailing around now. Demand precedes ALL, the point of the post of mine you had to quote and now here you are, still flailing. I made my point in my first post, your "point" was buried, it's lazy to fall. Demand comes first unless there are subsidies. Try again... I'm here to drive it home. You seemed to have run away for your consumption red herring. Good, you're learning and I like driving my point home!

 

Production always precedes consumption. Very simple to understand.

 

Demand precedes ALL in every free market economy including production. Tis' fact! Even simpler to admit.

To help with the learning lessons:

"An even a simpler concept that's appears out of your grasp, Demands drives ALL in a free market economy. So, not all products are purchased. IOW, not everything that is produced is consumed, a FACT, you need an example? Another teaching moment for you to ponder.

Raw materials are consumed in all production and a final product may or may not be consumed. Production does not always equate to consumption or be for purchase. What's relevant is properly using terms and/or properly defining them before spouting off, remember you quoted me and ended up here, being wrong again about what the driver is, DEMAND in every free market. Consumption was where you went wrong and when pointed out, you double down and it's left you flailing around now. Demand precedes ALL, the point of the post of mine you had to quote and now here you are, still flailing. I made my point in my first post, your "point" was buried, it's lazy to fall. Demand comes first unless there are subsidies. Try again... I'm here to drive it home. You seemed to have run away for your consumption red herring. Good, you're learning and I like driving my point home!"

 

No it doesn’t. Production always precedes consumption. Simple concept - very easy to understand.

 

You are simply wrong and can't accept it, understandable Trumpian but sandbox level. Demand precedes all in a free market economy. You can't even accept that in order to produce, raw materials and labor are consumed and a final product is not always consumed. You are posting up pure nonsense again. So, the lesson:
Raw materials are consumed in all production and a final product may or may not be consumed. Production does not always equate to consumption or be for purchase. What's relevant is properly using terms and/or properly defining them before spouting off, remember you quoted me and ended up here, being wrong again about what the driver is, DEMAND in every free market. Consumption was where you went wrong and when pointed out, you double down and it's left you flailing around now. Demand precedes ALL, QED.

 

I am simply correct.

 

Actually you aren't. Sad for you...

Seems like the lessons are getting through but slowly. Demand precedes ALL in a free market.
The lesson: Raw materials are consumed in all production and a final product may or may not be consumed. Production does not always equate to consumption or be for purchase. What's relevant is properly using terms and/or properly defining them before spouting off, remember you quoted me and ended up here, being wrong again about what the driver is, DEMAND in every free market. Consumption was where you went wrong and still can't admit it and when pointed out, you double down and it's left you flailing around. Demand precedes ALL, QED. Tis' reality and reality is still a Winner!

 

Actually I am. It's very simple to understand as I have explained. Production always precedes consumption.

 

Sadly for you, you aren't but will eventually have to accept it. It's will get better with time....maybe. Raw materials are consumed in all production and a final product may or may not be consumed. Production does not always equate to consumption or be for purchase. What's relevant is properly using terms and/or properly defining them before spouting off, remember you quoted me and ended up here, being wrong again about what the driver is, DEMAND in every free market. Consumption was where you went wrong. You know I'm right and you can't quit me.

 

You say you have had jobs that didn’t pay enough to support you.
So how did you survive?
The minimum wage should be enough to support a worker for all the basics including comprehensive health care.

 

YOU claimed to create the false demand

 

The why do they go to the government o be “saved” ? Why does the government give them a penny, if they have so much money ?

Why would wealthy people have student loans ?