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

Companies started the health insurance benefit during WWII to entice employees because of the labor shortage during the war. It is a benefit. No one is entitled to it.

 

Well when you asked for a source, and he provided a Vox "explainer," he had already lost.

 

JFC you yourself ADMIT it is not a subsidy to the employer it goes to the worker and not all of them get it do they. Do you even know what is a subsidy? If you want to get paid for a certain standard of living then make sure your labor is worth and get a job that pays it. My gosh man, you never learned that? Where does the Constitution state it is the duty of the government to cover your cost of living by taking money from other people?

 

Is labor a cost?

 

NO! What he needs to do is raise the minimum wage to $50.00 an hour, and increase it another 50 every year. Then he can really show "economists" and other MAGA types what's what.

Absolutely nothing can go wrong from this.

 

I am afraid that Das Kapital is the source of his economics.

 

How?

 

Your post history says otherwise

 

Stop posting intentional untruths

 

And yet, after 90 years of min wage and min wage increases, we have an economy several times larger than the economy was 90 years ago.

Your claim makes no sense.
Other than a handful of people and businesses it COULD effect.
But history, overall, says economies still grow and exponentially at that.

 

I can’t vouch for the $39 Chipotle bowl, maybe it was just the normal price gouging around athletic events, but the rest of the story seems about right.


A Chipotle Double Steak Bowl Is Now $39 In California

Food away from home has risen at least 0.3 percent for 34 out of the last 36 months

Sticker Shock in California

Higher state minimum wage went into effect April 1; chains say burritos and burgers are getting more expensive in response.

The Wall Street Journal reports California Fast-Food Chains Are Now Serving Sticker Shock

Since September, when California moved to require large fast-food chains to bump up their minimum hourly pay to $20 in April, fast-food and fast-casual restaurants in California have increased prices by 10% overall, outpacing all other states, the firm found in an analysis of thousands of restaurants across 70 large chains.

Prices at Chick-fil-A, Domino’s, McDonald’s (MCD) Burger King (BKC), Pizza Hut (YUM), Jack in the Box (JACK ) and other fast-food chains have increased since September, the firm found. Chipotle (CMG) said in an investor call Wednesday that prices at its nearly 500 California restaurants climbed 6% to 7% during the first week of April compared with last year, playing out across its menu.

“The state isn’t making it easy,” Chipotle Chief Executive Brian Niccol said in an interview.

In Los Angeles on a recent April afternoon, Seth Amitin, a 39-year-old therapist, said his usual $16 meal that he picks up weekly at the Chick-fil-A in Hollywood, Calif., now costs $20. The price for a spicy chicken sandwich at that location had gone up to $7.09 from $6.29, or 13%, since mid-February, according to research by Gordon Haskett Research Advisors. Chick-fil-A’s prices increased 10.6% on average in California during that time period, Gordon Haskett found.

California restaurants already had some of the highest fast-food prices in the country, according to market-research firm Revenue Management Solutions. Every month since October, California fast-food and fast-casual restaurants have raised prices across a greater percentage of their menus compared with restaurants in the rest of the country, Datassential found.

When I was in California for the Nuggets game on Thursday, we stopped at Chipotle. The same double steak bowl I get for $17 in Nevada is now $39 in California. The new minimum wage law is insane. Not even the rich will be able to afford to eat out anymore. Thank you Gavin Newsom!


https://www.zerohedge.com/markets/chipotle-double-steak-bowl-now-39-california

 

That damned Biden! He made your salad expensive!

 

You

Stop denying previous post.

 

good. Kids need to start working more instead of playing x-box or watching TikTok. Maybe if they learned how to work and learn some stuff before they were out on their own, they wouldn't need to support a family on min wage.

 

The US had negative real gdp growth rate in 2020.

 

Pay attention to the thread discussion.

 

And that growth rate should have been greater with more people employed including blacks in the starting in the 1930's.

 

Are the upper quintiles stealing from the lower quintile……..YES !!!!

We are putting more and more money and wealth, into fewer and fewer hands

Of course capitalism increased the standard of living, but not at all times. Right now the lower incomes are actually losing money

In 2016 the lowest quintile mean income was $12,943
In 2020 the lowest quintile mean income was $14,589
Increase was 12.7%

In 2016 the highest quintile mean income was $225,251
In 2020 the highest quintile mean income was $446,030
Increase was 98%

 

No they are not. Only Marxists believe that income and/or wealth is zero sum.

 

Not denying.
Just don't believe people are going to actually stop eating there.

McDs will be just fine. DUH.

 

Yes. There was a pandemic all over the world.

You do know that?
The world had negative gdp growth. You do know that?

 

Umm, OK....

you cant debate, so just keep deflecting

have a nice day

 

So you don't know.
There are still many min wage jobs available. If fast food goes automation.

 

You just made that up. Why?

 

So all companies have unlimited funds for salaries ?

Just WOW