How White Castle Will Adjust to a $15 Minimum Wage in New York

His pay is very high, yes it is, and it's almost certainly tied to the profits he generates. When a burger flipper can generate those kinds of profits then s/he'll be paid the same. But as high as his salary is, it's below what many actors and musicians make and no one says a word about that.

Oh, BTW, this guy's salary was the same as Clinton's last year. Care to comment?

 

Basic concepts of economics.

More pay equals more buying power. More buying power for more people across lower income levels increases consumption. Increased consumption is thus demand. Demand, increasing, requires product. Products in demand are made... by laborers. Increased demand for a broader swathe of products equals job creation and a healthy economy.

Trickle down does the exact opposite. Which is why it's a (*)(*)(*)(*)ing failure. It restricts economic growth to anyone but the top of the economic food chain because it relies on the good will of those who only do anything for money.

 

I'll respond when I'm not drunk.

 

I disagree. States and cities constantly try to lure big dollar companies into their areas because the money trickles down into the community. On a personal side, do you know how many people were/are employed directly or indirectly by Michael Jackson and Oprah Winfrey? People who became millionaires simply by latching onto them go on to spend their millions and so on down the line. If Jackson and Winfrey made small bucks none of that would happen.

 

And so goes the LIES and BS from the Republicans!

Look at how we have 100% lack of ANY truth in the Republican propaganda! They costs of EVERY hamburger chain in the USA can quote their costs for of the labor ANY DAY OF THE WEEK!

THEY NEVER DO! Because they are LYING!

Notice how these won't even begin to say how much what the REAL cost of a burger for sale will rise because of these initiatives!

Try MAYBE a dime or 2!

But this WHOLE thread and every other Republican Scream Machine are paid to try to terrorize us that the world will in if we pay what what used to be until the Right lied!

But lets look for a TRUTH instead of the lies and BS from the Republicans!

4.3 %

At a $4 Big Mac, that is 17 CENTS!

https://www.purdue.edu/newsroom/rel...employees-would-raise-prices-4.3-percent.html

 

Rather than have 2 people doing 2 jobs at 9, liberals would rather have 1 person doing both jobs at 15 while the other person is out of work. This works out quite well for them, as the person out of work is thankful for the Democrats for giving them welfare while the person making 15 thanks them for the extra money even if they are working much harder for it.

In the end it's all about the votes.

 

Consider the carpenter. In order to have this higher demand you posit will exist when people get more pay, the carpenter would first have to hire an employee that will cost him more money than the employee returns in value. Why would he be hiring an employee so he can lose money in the hope that at some time in the future the employee will spend his increased bounty and increase demand for carpentry?

Reminds me of the old Texas Aggie joke that illustrates leftist understanding of the economy: Two Texas Aggies decide to make money by buying hay in Oklahoma and bringing it to Texas to sell to Texas Ranchers. On their first trip they buy a truck load of hay at $1.50 a bale and take it home. They find that the going price for which they can sell the hay is $1.00.

After counting their proceeds they find they have lost money on the first load. After thinking for a while they decide they have to make it up on volume so they need to buy a bigger truck to haul more bales of hay.

 

i would expect you to prove or disprove it for yourself. stop being lazy.. he does get other assets beyond cash but you are digging up minutiae and acting like it matters

 

And is the OTHER lie!

The fast food places I see these NEVER stop! There is NO WAY to remove an employee!

These places have ALREADY cut out anyone and everything to the bone every day!

Or maybe you suggest they can get rid of the fry cook? Maybe the server? How about the guy who empties the trash!

These kinds of these threads about how "put-upon" these "poor" businessmen are nothing but lame excuses which are BS from beginning to end!

 

Words of wisdom from your mind to the mind of the left wingers.

A short prayer. Lord, help them understand. Thank you.

 

you are off in the woods on this one. the ceo of WC inherited the business, my father is dead and died poor. come back to the real world.

 

And this is where you mess up. A workers wage is not determined by what he needs to survive but by the number of qualified workers willing to do the job. People's idea of whats "fair" is subjective and will vary wildly from person to person.

 

Actually all you did is remove buying power from party A and give the same power to party B.

This is not economics, it is social tampering.

The poor that got the raise actually add to the purse of the rich since they produce the jobs.

And you call that trickle up?

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Actually while he did inherit his job, how does that stop you from thinking and growing rich?

Read the book prior to judging it.

 

Ever heard of Prestos? They're little touch-screen computers that can be placed on every table in, for example, a restaurant, by which the customer can order whatever they like through it without any interaction from the server. They can even run their credit card through it, and it has little lights that they can activate if they need anything to call someone over.

So all they need at that point is someone to run their food from point A to point B. That's it. Restaurants are using this automated system more and more because it allows them cut even further on labor. This allows the staff they do have to perform multiple jobs each, whereby a server taking a 3 table section 10 years ago is now required to take 6. The manager is required to manage as well as do takeaway and help bus tables. Etc.

You're right in the sense that at some point you can't cut anymore, but you fail to recognize what happens after that. Things don't just keep trucking along because the business is making money hand over fist and it just needs some liberal like you to tell it how to spend it. It goes out of business or moves to greener pastures because it can't survive otherwise.

Hence the reason the MW is not at 25. Or 35. or more. Because at some point, even you liberals have to admit that your B.S.onomics reaches a tipping point by which businesses can no longer camouflage through cuts, technology and hard work.

 

Actually no. You're wrong. One person with a pile of money only buys one iphone. Splitting that money down into 20 people buys 20 iphones, instead of one, and a pile in the bank - wherever else.

Try again.

 

When have liberals EVER had a cogent economic argument?

 

I don't believe that for a minute. At 17 cents extra per Big Mac do you realize how many they'd have to sell in order to make up the additional cost of the higher minimum wage?

 

The economy is not based on i phones.

It does not work as you propose. Even when you said trickle down economics, that is also wrong.

In what world does money flow up?

Well, the rich have it flow up. Even the lowest paid worker collects. And the impact by the poor on the economy is not that important.

Jobs can't exist until those with the cash take the risk.

 

Companies have been trying to that for 30 years. It works, sometimes, although it still doesn;t wok well most of the time!

And you are talking about people who are already making well over minimum wage, btw. And these schemes only eliminate a small percentage of workers at minimum wage jobs.
So all they need at that point is someone to run their food from point A to point B. That's it. Restaurants are using this automated system more and more because it allows them cut even further on labor. This allows the staff they do have to perform multiple jobs each, whereby a server taking a 3 table section 10 years ago is now required to take 6. The manager is required to manage as well as do takeaway and help bus tables. Etc.

When IF we EVER have a "shortage of fast food businessmen", we can look over the issues of "shortages" of fast food joints! Right now, there are scads, all trying to make multimillionaire (or billion) svrewing every penny they can make to make our country more miserable and workers having to live on the taxpayers hile these people work 2 or three jobs with no overtime, not anything!

Uh, no!

The reason the MW should be at $15 is because they will have approximate the money the workers earned when I was 18 years old, and workers could get by being very frugal, careful, and won;t need to have us pay everyone out! Why should our millionaire class be subsidized by the taxpayers?!

Your absurd ideas of going to $35 an hour is just the usual propaganda and BS that makes no sense at all of the issue!

 

The economy is based on supply and demand. With a bunch of shadowy, unregulated gambling going on on the side.

Money absolutely flows up. Items bought pay for expenses and generate revenues. Only in the world of voodoo economics and idiotic post Reagan fantasies can we assume money flows down by asserting an arbitrary number for the top paid execs before we consider the rest of the work force.

 

Money had to first flow down. In order for the poor to spend. As to your Reagan rant, just not interested. I know the truth about what Reagan believed in.

 

Why do you hate poor people? Those with no jobs, those who CAN'T work? Do you think a 15% increase in their cost of living is insignificant, or do you think we should just increase their government bennies to compensate? If you realize that increasing wages also increases the cost of living, then what is the point of increasing wages? Doesn't this just move the whole system farther away from the poor?

 

And that was... what, exactly? Fleeing Lybia after 200+ servicemen were killed? Yet Hildabeast is eviscerated over Benghazi?

What a joke.

As for your money flowing down comment - Sure? still doesn't prove anything. More money in the hands of more people means more consumption, which creates jobs.

Disprove that.

Try.

Please.

Because we've seen the effect of crony Reagan/Bush tax cuts to create jobs. Creates nothing but inflation in a handful of bank accounts.

 

Umm, no I'm not. Restaurant workers do not make "well over the minimum wage". They make minimum wage and compensate their income with tips. What country are you living in?

The restaurant I worked at used to employ 50 workers 10 years ago. We're now at 35 and they haven't transitioned yet to an automated system. If that eliminated even 3 more positions, that's almost a 10% further reduction. Which I guess to you is "small"? It's fascinating what you liberals are willing to discount as people lose their jobs.

You are only speaking from your liberal derangement mentality of economics, not your own personal experience or any real knowledge whatsoever and it's leading you and others like you to hurting the little guy in your vain attempts at hurting the rich. Your lack of any real empathy for those you are putting out of work is proof enough of your real motivations, as If your ranting against the rich isn't enough proof as it is.

They are already being frugal, careful, and have developed plenty of ways of making ends meet all on their own, including working more hours, renting together, and working their way up the ladder into higher pay. So who are these people you are talking about suffering so much? Show them to me. I'm dying to get a better sense of the problem you seem to have with current levels of MW.

The idea that as a worker, I do not have the right to offer my services to a business for less than 15 dollars an hour is ludicrous. People should have the right to offer their work for free if they are so inclined. We are a nation of free people and should be allowed to make business contracts and agreements to whatever extent we'd like. Your childlike view of bad guy/good guy is hilariously naïve and dangerously lacking in substance. Move to Europe, it's far more appealing to your socialist ideals. Sure, it's all about to come crashing down, but at least you'll feel good about yourself for a little while.

 

Reagan did not flee.

You totally ignored his naval fire on the enemy. Why did you just choose to ignore that?

http://eightiesclub.tripod.com/id413.htm

Reagan helped. Hillary ignored. Then she said so what. Huge difference.

What the hell made Obama attack Libya if he had no plans to save the ambassador?

Are you creating jobs when you shop at the market?

Who had to first give you money?