Not worried. I've been laid off before, and that lasted a month before I landed another job at better pay, and I'm in a better position now where an increase in the MW wouldn't effect me unless it causes our clients to cut back. So, why are you trying to make the argument about me? That would seem to indicate you don't have much to contribute to the topic at hand, or you want to distract from it. Do you find it surprising that a sudden large increase in labor cost would result in layoffs? That's the topic, but if you want to talk about me, I suppose we can if that excites you.I was asking didnt you find it odd for someone that claimed they were not worried about losing their job to mention it in 6 out of 6 of their examples. You are obviously worried but I promise you that you wont lose your job.No, I don't find it odd that people get laid off when the government arbitrarily increases the cost of labor. Would it surprise you that it happened?" What makes you think I'm afraid of losing my job? "What makes you think I'm afraid of losing my job? I'm in a high demand field. I just know human nature, and it does not just go, "Okay, I'll double my labor costs and change nothing else whatsoever". Double the MW and jobs will be lost. Eventually, some will be replaced, but as always, it's the guy on the bottom rung of the ladder that gets hurt the most. It's that young kid who was just trying to build some work experience and make some money for school that will have to compete with experienced workers who got laid off and are now looking for any job they can get to keep things going.Dont let them make you afraid of losing your job. Its all a bluff.Who's crying poverty? A business will adjust to an increase in costs. How it adjusts is effected by how big the increase is and how fast it hit. A business, can, for example:We have sold out the working class for too longbiden made a promise, he best keep it...WAGES NEED TO GO UP AND IF BUSINESS WANT TO LEAVE...BYE!!Save me the dramaGood. The two biggest grocery stores closed. Yaaay. The people are out of a job. The neighborhood now has to go elsewhere to shop. Meanwhile the Kroger company will not feel a thing. It's a win lose in all the right places.Long Beach just mandated a 4 dollar raise for grocery store owners. Two major grocery stores promptly closed leaving all employees out of a job and out of job benefits.
If they need a $7.25 minimum wage to stay in business, they deserve to close
If Kroger cannot operate without $7.25 wages
They deserve to fail
That's fine.... but just understand that if every business that deserves to fail, fails, then you will have mass unemployment and a great depression.
The people in Greece, said the same thing, which is why they had a minimum wage that was tied to inflation, and the result was the entire country imploded.
Guess what they did? They cut the minimum wage. Guess what happened? Unemployment in the 30% range, started to fall.
Again, you can say that, but them failing just means people are unemployed.
See you seem to be operating under the strange idea that if all the companies that can't pay $15/hour fail... then all those unemployed people will just magically find jobs that pay $15/hour. No. That's not how it works. If your labor isn't worth $15/hours, then you just stay unemployed.
You can mandate a minimum wage, sure. But you can't mandate that customers pay $15/hour for labor that isn't worth $15/hours. Thus those people just.... don't have a job.
Minimum wage has been increased for 80 years. Business survived, the market adjusted.
We have not increased the wage in eleven years. Low wage workers have suffered. They have used debt to replace wages that haven kept up with inflation
We just gave business a 40 percent tax cut but they cry poverty if they have to give their lowest paid workers a pay increase after 12 years
1. Lay off workers. Fewer people working and fewer goods and services on the market, but hey, we really stuck it to those business owners (pssst, don't tell anybody the owner still gets paid what he did before).
2. Outsource jobs and, yes, lay off workers. Customer service now comes from Calcutta by a guy you can't understand, but hey, we really stuck it to those business owners.
3. Automate jobs and, yes, lay off workers. Sure you have to place your order and pay for it without a person to explain that number 3 is atomic blast hot, but hey, we really stuck it to those business owners.
4. Be sold and absorbed by a competitor, and yes, lay off workers. More good paying jobs lost, but hey, we really stuck it to those business owners.
5. Fold up and go out of business. Sure, the owner walks away with everything and everybody is out of a job, and well, you know the rest.
6. Raise prices. This may not be possible based on the market. With all those laid off workers trying to hold onto every dollar until they can start working again, not too many are going to be happy paying more for stuff, but hey, we really stuck it to those business owners.
You mentioned getting laid off in 6 out of 6 of your examples. You dont find that a little odd? Wouldnt you be good just mentioning it once?