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In this particular chain, I would guess that most of the wait staff will be making 30% more with the $15 minimum wage, which would more than make up for loss of tips. Of course some people will still tip, particularly in Seattle.
No, minimum wage increases doesn't necessarily mean across the board hikes in wages. In most businesses their aren't that many people making minimum wage. Employees that are just above minimum wage and working with minimum wage employees may see a small increase. Higher salary employees usually see no raise.I'm certain a buck would not cause any problems. I view min wage increases as one of the better liberal options. It sure beats taxing more and having the governent try to redistribute it. With this option it at least goes directly to the worker not increasing the size of governent.
That only goes so far. If you jack up the min wage you now have to raise wages across the board driving up prices.
You pay oneway or another whether it's through higher prices or gov assistance.
Personally I'd rather not screw up the pay scale.
Not true. There are plenty of businesses that only hire min wage workers.
They'll raise prices and the people of seattle will leave the city limits to purchase those goods or they wont frequent them as often.
Give an example of a business you think would have to raise prices.
All fast food joints and any other place that hires teenagers as their main workforce.
I dont frequent fast food joints,but if they raise prices by a couple bucks for the crap food they serve I'll never set foot in one again.
And I know many people who feel the same. I want to see them stay in business when they lose a third of their customers and they have to pay artificially inflated wages.
They'll close in droves.
'16. Smoking three packs of cigarettes over 46 years has a significant opportunity cost. If a person invested and reinvested just that cigarette money over those 46 years, he or she could create a portfolio worth over $2 million. Researchers note that the value of a small amount of money over time can be significant.'
Chances are you would have lost all or most in 2008.
FYI: You can't 'save' to make millions.
You know...the very people bitching and moaning about Wal Mart must actually work for wal mart....if they support this minimum wage...why? Because all those mom and pop stores these guys say they love are the ones who will close because they can't pay their workers 15 dollars an hour and stay in business...so who wins.....Wal Mart....who can absorb that cost......dittos any other big business vs. smaller competitors....you guys will drive out the very people you profess to love.............
You know...the very people bitching and moaning about Wal Mart must actually work for wal mart....if they support this minimum wage...why? Because all those mom and pop stores these guys say they love are the ones who will close because they can't pay their workers 15 dollars an hour and stay in business...so who wins.....Wal Mart....who can absorb that cost......dittos any other big business vs. smaller competitors....you guys will drive out the very people you profess to love.............
Walmart for the most part has already done that.
You could confiscate every dollar the rich posses and it wouldnt make a damn bit of difference.
You know...the very people bitching and moaning about Wal Mart must actually work for wal mart....if they support this minimum wage...why? Because all those mom and pop stores these guys say they love are the ones who will close because they can't pay their workers 15 dollars an hour and stay in business...so who wins.....Wal Mart....who can absorb that cost......dittos any other big business vs. smaller competitors....you guys will drive out the very people you profess to love.............
Walmart for the most part has already done that.
And this helps them even more..........you'll see....
And this helps them even more..........you'll see....
Common Characteristics of Millionaires
Live below their means
I don't know if I could spend $98,000.00/day.
Plan and study investments
Most rich know what the investment is and how the investment makes money, planning usually involves hired people.
Are self-made
Software, yes. Most, no. OPM and OP make them rich.
I'm not going to go over this for the twentieth time.
When costs increase at the very places the min wage workers are employed how does that make it any cheaper for them?
The restaurant makes more money with more customers. Wage increases for customers increases sales for the restaurant.
The restaurant makes more money with more customers.
Typically, when you raise prices, you get fewer customers.
You could read an economics book. But then you might realize that liberals are idiots.
If they have more customers they don't need to raise prices. Increasing income of customers makes them go out to eat more often. Hence restaurant sales increase. Try not to get lost.
Is it the job losses among the lower income that will lead to the increasing sales?
There have never been job losses from a minimum wage increase. It has been increased many times and we know this.
'16. Smoking three packs of cigarettes over 46 years has a significant opportunity cost. If a person invested and reinvested just that cigarette money over those 46 years, he or she could create a portfolio worth over $2 million. Researchers note that the value of a small amount of money over time can be significant.'
Chances are you would have lost all or most in 2008.
FYI: You can't 'save' to make millions.
Good point. Government can only spend all of your money once.You could confiscate every dollar the rich posses and it wouldnt make a damn bit of difference.
I must disagree.
It would make a HUGE difference. Countless businesses would close and tens of thousands would become unemployed.
Beware the law of unintended consequences, lefties.
If you spend $98,000 a day then you will NEVER become a millionaire. Much less remain one...
Allow me introduce you to the internet, all the education you could ever need or want is right there. You don't need to hire anyone to get started.
I disagree, exec management is where it's at right now. If you imply "Other Peoples Money" aka leveraging, (which is the only acronym I can recall that makes sense here,) then my argument is quite simply and? Its not like the borrower's don't get some form of return on the investment.
Right. WHen wages go from $7.25 to $15.00, why would any sane business owner try to reduce staff? I'm sure the low skilled workers will suddenly double their productivity.
Chances are you would have lost all or most in 2008.
All or most of $2 million? LOL! You're funny.
The restaurant makes more money with more customers. Wage increases for customers increases sales for the restaurant.
The restaurant makes more money with more customers.
Typically, when you raise prices, you get fewer customers.
You could read an economics book. But then you might realize that liberals are idiots.
If they have more customers they don't need to raise prices. Increasing income of customers makes them go out to eat more often. Hence restaurant sales increase. Try not to get lost.
Is it the job losses among the lower income that will lead to the increasing sales?
There have never been job losses from a minimum wage increase. It has been increased many times and we know this.
Right. WHen wages go from $7.25 to $15.00, why would any sane business owner try to reduce staff? I'm sure the low skilled workers will suddenly double their productivity.
