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

Seriously how did you come up with that conclusion?

 

I just shut down your argument.

 

You are claiming there was not a negative real gdp growth rate?

 

Not as many as there was.

 

I provided proof up thread.

 

OMG. LOL. WTF. Hell NO.
How'd you decipher that BS?

 

More will come along. Always does. Has for 90 yrs.
Min wage hasn't destroyed the US economy yet, after 90 yrs. It's not going to now.

 

No they won’t.

 

LOL. NO. You. Did. NOT!!

No one can prove a hypothetical.

 

I have posted the data. For the US negative 2.8% in 2020.

 

There is nothing hypothetical about racism being reason for the initial minimum wage laws.

 

The bottem is pinned at 0 while the upper is unlimited. But you know that. The bottom quintile will always see low increases.
But, since you just posted that everyone increased, then you have shown that it's not a zero sum game. Actually, the data has nothing to do with the argument at all.

 

Plus people who start in the low quintile don’t stay their long. The important point is that those young people in the bottom are employed and gain human capital and worth reflected by increasing income every year.

 

I don't think so. $20 an hour minimum wage is too high and raising the minimum wage may cause more problems and there will be customers will turn away because of high prices. This raising the minimum wage will not solve anything. It will on,y drive people away. Eating out in California will be for those who can afford to pay luxury prices. Going to McDonald's, Burger King, In and Out Burgers will be a luxury to eat there. Is that what California wants? Think about it.

 

Global gdp growth was more negative than the US.

https://www.macrotrends.net/global-metrics/countries/WLD/world/gdp-growth-rate#:~:text=Annual percentage growth,decline from 2018.

 

I am thinking about it. I just want to see how far this goes.

 

I hope how they can establish the $20 an hour wage and keep prices down for the food. This remains to be seen.

 

The only way to do that is to automate. We stopped in a McDonalds in Nevada a few weeks ago in which the ordering process was completely automated. Also videos of even more extensive automation in Denmark were posted upthread. Once again progressive policies harm those they were claimed to help. The pattern continues.

 

Ahhh, the “nuh uh” defense…..ok

 

Ummm, I used percentages, not raw dollars….

So those at the bottom grew at 12% percentages, and the top grows at 98%. So the top doubles every 4 years, and the bottom takes 10 years to double. Simple math tells you that isn’t sustainable.

“The data has nothing to do with the argument at all” ? C’mon, it’s literally everything to do with the discussion at hand. It’s a game of monopoly FFS. Soon, there wont be anyone able to buy products. Once that money stamps, the game stops….

 

So what? It’s the standard of living rate of improvement that matters.

Your discussion is rooted in Marxism.

 

No. It’s the reality of factual data.

 

I think it is pretty well established with their last earnings report. Why do you believe this increase in price ON TOP of the already inflationary increases and sized reductions will not affect their sales at all?

Inflation Is Exhausting
Feeding the family in an era of Washington mismanagement.

“McDonald’s Seeks to Make Menu More Affordable for Inflation-Weary Consumers,” reads a Journal headline today. Sometimes folks in the restaurant industry refer to such consumers as “price-weary.” However they are described, parents on a budget are tired of having to send too many dollars chasing after too few burgers. The Journal’s Heather Haddon reports:

McDonald’s said consumers across the globe are tightening their spending as the burger chain reported lower-than-expected quarterly sales growth.

Executives said Tuesday that economic pressure is building on consumers, resulting in declining restaurant visits across the industry. McDonald’s for months has warned of a weakening economy, but executives said the headwinds so far this year are steeper than previously anticipated…

Executives at the world’s largest burger chain have said that lower-income consumers drew down savings built up during the Covid-19 pandemic, and increasingly are shifting their food spending to grocery stores instead of restaurants… McDonald’s said Tuesday that while lower-income consumers are feeling stressed, customers of all income levels are seeking out deals.

https://www.wsj.com/articles/inflation-is-exhausting-d244e3b3?mod=opinion_lead_pos12

Now add in a 25% increase in labor cost.............

 

I just hope whoever is responsible know what they're doing.

 

Yes there is. You even admitted to having to read between the lines of wage laws.

Now, was the country itself extremely racist 100 yrs ago, absolutely. But the laws were not. Just those enforcing them.