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Old 08-13-2019, 07:45 AM  
BucEyedPea BucEyedPea is offline
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NYC's $15 Minimum Wage—Now Officially a Disaster

Real world proof, nothing Loneiguana claimed has materialized—and NEVER will.
New York City’s $15 minimum wage, which began to take effect Dec. 31, 2018, was meant to bolster earnings and quality of life, but for a lot of residents, it’s doing the opposite...

“Many people working in the restaurant industry wanted to work overtime hours, but due to the increase, many restaurants have cut back or totally eliminated any overtime work,” Andrew Riggie, executive director of the New York City Hospitality Alliance, told Fox News. “There’s only so much consumers are willing to pay for a burger or a bowl of pasta.”

Roughly 77 percent of NYC restaurants have slashed employee hours. Thirty-six percent said they had to layoff employees and 90 percent had to increase prices following the minimum wage hike, according to a NYC Hospitality Alliance survey taken just one month after the bill took effect.

Only about 4 percent of survey respondents indicated that none of the above changes took place in their restaurants.

“What it really forces you to do is make sure that nobody works more than 40 hours,” Susannah Koteen, owner of Lido Restaurant in Harlem, told Fox News. “You can only cut back so many people before the service starts to suffer.”

NYC restaurants are taking hits from Cuomo’s push, but Washington doesn’t seem to have received the memo. The House passed the Raise The Wage Act in July, which mandated a nation-wide $15 minimum wage. The bill was later blocked by the Senate.

The bill would have effectively doubled the federal minimum wage of $7.25/hr. There is dismal 6 percent support for a nation-wide $15 wage hike among economists, according to Fox News surveys.

Cuomo’s office did not respond to a request for comment from the Daily Caller News Foundation by the time of publishing.

https://nationalinterest.org/blog/bu...disaster-71761
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Old 08-14-2019, 12:02 AM   #106
El Lobo Gordo El Lobo Gordo is offline
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Originally Posted by Loneiguana View Post
If you can cut hours after a minimum wage increase and meet the same demand, than your business was previously inefficient and employing more people than needed.
Whether or not that is true doesn't change the fact the someone's labor get priced out of the labor market. It is immoral to pass a law that prices someone's labor out of the market. If you do not agree that it is immoral then you shouldn't have a problem with the fact that prevailing wages(minimum wage precursors) were enacted largely with the intent of pricing black labor out of the market.

"The Caucasians . . . are not going to let their standard of living be destroyed by negroes, Chinamen, Japs or any others.” — Samuel Gompers, founder of the American Federation of Labor (AFL), 1905

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In that context, the protests against the Long Island hospital built with migrant labor can be seen for what they were: resistance outside of the Jim Crow South to black workers.[8] During this time, complaints about black workers taking federal construction jobs appear sporadically through the legislation history of both prior bills that anticipated Davis-Bacon, and Davis-Bacon itself.[6][36] On the floor of the House of Representatives, Congressman Upshaw said: "You will not think that a southern man is more than human if he smiles over the fact of your reaction to that real problem you are confronted with in any community with a superabundance or large aggregation of negro labor."[8][37] U.S. Congressman John J. Cochran (D-Missouri) reported that he had "received numerous complaints in recent months about southern contractors employing low-paid colored mechanics getting work and bringing the employees from the South".[8] U.S. Congressman Clayton Allgood (D-Alabama) reported on "cheap colored labor" that "is in competition with white labor throughout the country".[8][38] [39]
https://en.wikipedia.org/wiki/Davis%...on_Act_of_1931

Wage statutes to give the whites a living wage, destroyed any chance that blacks would be prosperous in post civil war America.
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Old 08-14-2019, 12:09 AM   #107
El Lobo Gordo El Lobo Gordo is offline
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Originally Posted by Loneiguana View Post
Why should I care about a small business that cant pay a living wage to its employees and turn a profit? Let em fail, the hand of the market will allow a better business that can pay a living wage to meet that demand.

The american government shouldnt be subsidizing labor costs of private companies. The companies and the consumers should pay for that labor.
Perhaps a better managed business will come along, but it is also possible that the demand for that service will not be met because labor cost to provide it are artificially high because of some statute.
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Old 08-14-2019, 05:12 AM   #108
Loneiguana Loneiguana is offline
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Originally Posted by Iowanian View Post
Wanna know how I know you've never taken a risk or done anything for yourself?
Want to know how I know your too cowardly to answer the question and how little you understand about economics?
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Old 08-14-2019, 05:14 AM   #109
Loneiguana Loneiguana is offline
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Originally Posted by scho63 View Post
This just went to the top of your dumb posts list. Oh brother are you misinformed.
What are you, some kind of communist who thinks business shouldnt fail to allow better businesses to take their place?

If you cant pay a living wage and turn a profit, your company is unsustainable and you will require government assistance, either to the company or to the employees.
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Old 08-14-2019, 05:18 AM   #110
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Originally Posted by Boise_Chief View Post
I don't have the time or inclination to read all the replys to this thread. I have owned 3 restaurants and currently have 15 employees in a different service industry. Minimum wage is a sham it is only there to make people feel better about thier ideology.

Let me break down how this works.

Minimum wage increases to 15 or 20 or 50 per hour. Immediately everything increases, food housing every non regulated cost of living goes up. Every cost goes up and every salary goes up. But....

They don't go up in an even manner. If you make 15 now and minimum goes to 15 instead of a 100 increase 7.25x2 which is what you were making you now make 17. You are now worse off than when you started. The entry non skilled worker is temporarily better and then cost of living catches up. Very short term. 6 mos and the poor are still poor living paycheck to paycheck and barely scraping by.

Nothing changes and no one benefits. The opposite is true those that have rising to a semi skilled trade now are worse off. My people make between 50% and 100% above min wage and they are who will take the brunt of an increase.

If you disagree you need to rethink your position and then watch any increase. It has happened this way for every increase I have watched since min wage was 3.35
If this true, where is the data from the numerous times we raised the minimum wage that supports this?

I love people who claim to own or run a company say the first thing is prices goes up. Talk about stupid. I wish idiots like you were my competitors. Okay numbnuts, you raise your prices, I'll keep mine here and take your customers. Idiot.
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Old 08-14-2019, 05:19 AM   #111
Loneiguana Loneiguana is offline
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Originally Posted by El Lobo Gordo View Post
Perhaps a better managed business will come along, but it is also possible that the demand for that service will not be met because labor cost to provide it are artificially high because of some statute.
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Old 08-14-2019, 05:27 AM   #112
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Originally Posted by Boise_Chief View Post
I don't have the time or inclination to read all the replys to this thread. I have owned 3 restaurants and currently have 15 employees in a different service industry. Minimum wage is a sham it is only there to make people feel better about thier ideology.

Let me break down how this works.

Minimum wage increases to 15 or 20 or 50 per hour. Immediately everything increases, food housing every non regulated cost of living goes up. Every cost goes up and every salary goes up. But....

They don't go up in an even manner. If you make 15 now and minimum goes to 15 instead of a 100 increase 7.25x2 which is what you were making you now make 17. You are now worse off than when you started. The entry non skilled worker is temporarily better and then cost of living catches up. Very short term. 6 mos and the poor are still poor living paycheck to paycheck and barely scraping by.

Nothing changes and no one benefits. The opposite is true those that have rising to a semi skilled trade now are worse off. My people make between 50% and 100% above min wage and they are who will take the brunt of an increase.

If you disagree you need to rethink your position and then watch any increase. It has happened this way for every increase I have watched since min wage was 3.35
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Old 08-14-2019, 05:51 AM   #113
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A new study of Seattle’s minimum wage hike shows who it helps, and who it hurts:

"...The researchers estimate that low wages went up more in Seattle than in the counties that didn’t increase wages, meaning they could attribute the gains to the minimum wage, and not broader economic conditions. But they also noticed a drop in hours worked. Some workers still came out ahead, working fewer hours but at higher hourly wage to make up for it. Those tended to be more experienced workers with more time on the job. Less experienced workers were more likely to end up with lower earnings over all, or with no gains..."

“Seattle’s minimum wage ordinance appears to have delivered higher pay to experienced workers at the cost of reduced opportunity for the inexperienced.”

"The economists caution the results can’t be generalized because Seattle also experienced a big economic boom in the last five years. A fast-growing economy can better absorb wage increases. But even during a boom time, it seems the policy involves trade-offs. It helps workers stuck in low-wage jobs, while harming workers looking to get their first foothold in the economy."

Link:https://qz.com/1429986/a-new-study-o...-who-it-hurts/
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Old 08-14-2019, 06:56 AM   #114
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Originally Posted by Loneiguana View Post
Why should I care about a small business that cant pay a living wage to its employees and turn a profit? Let em fail, the hand of the market will allow a better business that can pay a living wage to meet that demand.

The american government shouldnt be subsidizing labor costs of private companies. The companies and the consumers should pay for that labor.
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Old 08-14-2019, 07:09 AM   #115
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Originally Posted by Loneiguana View Post
I wish idiots like you were my competitors. Okay numbnuts, you raise your prices, I'll keep mine here and take your customers. Idiot.
Your competitors? lol

you mean like your siblings arguing over who should get the biggest allowance?
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Old 08-14-2019, 07:27 AM   #116
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Originally Posted by Loneiguana View Post
Talk about stupid. I wish idiots like you were my competitors. Okay numbnuts, you raise your prices, I'll keep mine here and take your customers. Idiot.
Boise is one the most laid back posters here.

You're an asshole & a coward, Frankie.
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Old 08-14-2019, 07:29 AM   #117
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Originally Posted by stevieray View Post
Boise is one the most laid back posters here.

You're an asshole & a coward, Frankie.
Yep! Lone started that one.
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Old 08-14-2019, 07:34 AM   #118
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Want to know how I know your too cowardly to answer the question and how little you understand about economics?
Competitors? The only people you compete with are the other people waiting in line on govt check day.


My balls know more about economics than you do...anyone who has read more than 3 of your posts knows you couldn't count change back on a $2.50 purchase paid in $3
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Old 08-14-2019, 07:34 AM   #119
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Originally Posted by stevieray View Post
Boise is one the most laid back posters here.

You're an asshole & a coward, Frankie.
You know how his Rep stays green, right?

He uses his half dozen mults to like all his posts.

He's a smelly, fat loser on SSD.
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Old 08-14-2019, 07:36 AM   #120
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Originally Posted by Loneiguana View Post
If this true, where is the data from the numerous times we raised the minimum wage that supports this?

I love people who claim to own or run a company say the first thing is prices goes up. Talk about stupid. I wish idiots like you were my competitors. Okay numbnuts, you raise your prices, I'll keep mine here and take your customers. Idiot.
Whatever Reports You're Reading are Confirmation-Bias Marxist Puff-Pieces

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Rather than causing wages to rise (which only do so as a function of increased worker productivity), minimum wage laws simply set the minimal level of productivity a worker must contribute to legally be allowed to work. In the case of American Samoa, tuna canners simply could not deliver $7.25 cents per hour of productivity, so their jobs were eliminated. Rather than being employed at $3.26 per hour (the level prior to the minimum wage hike), they are now unemployed at $7.25 per hour. Which do you think is better?
One things for sure. People like yourself wouldn't be affected by all these people loosing their jobs. You could care less. It's all about moral victories and making people dependent on welfare and the government.

Last edited by seamonster; 08-14-2019 at 07:44 AM..
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