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

So you believe "build it and they will come" ?

C'MON AFM.....seriously, you think that because someone produces it, it will create demand ?

 

the more the rich have, the more that needs to be printed to keep money in circulation, same with population growth

 

No it's NOT. People wanting to create wealth and income are what drive the economy not stifle it. And again conflating wealth and income.

Again

How do you compare a young person fresh out of college entering the workforce with a starting salary of $120,000 but no wealth to the person just retired with little income but $2,000,000 in wealth they saved for and invested for all their life?

Do you believe that income disparity is something that needs to be eliminate or lessened or something? The first person is probably making TEN TIMES what the second is, what should be done about that?

What about the person who engaged in crime, abused drugs, never held a steady job, usually got fired for cause and now has no wealth to the preson who did hold steady jobs and was a good employee and law abiding citizen and now because of the sacrifices they made has built up wealth and there is a huge inequity between them, should society or especially government be of concern?

What about the income disparity here?

Want to suppress the economy then declare everyone gets the same amount no matter what they do or how much of it they do. Tell me how the wealth the 1% have is denying you wealth or taking wealth from you? What do you believe that capital is doing? Just buried in their backyards?

Go read about the Pilgrim's and what they learned.

 

It tells you that people would most likely purchase the products that you would produce instead of other products. Production precedes consumption. QED.

 

There is no theory of trickle down economics. There is a theory of supply side economics which states that reducing the government costs on production reduces prices and results in more products being sold and more employment.

 

How so??

 

And exclude minorities who were willing to work for less.

 

Thank God we are not a European country. We have Medicaid for low income people.

 

WHAT???

If the job is worth less they need to be paid more...............that makes no sense.

 

Probably so......I just checked and in the two bridges story here it had been halted back in July but the city was allowed to start construction again I think it is still going through the courts.

So just imagine if Denver announced it was going to build an even bigger road next to the private airport one and not charge a toll..................

 

I believe that if a market analysis indicates that there are X number of people who will pay Y for product Z and the company can be profitable under those conditions that X number of Y should be produced and prices at Z. The economic demand (aka consumption) comes from wages earned trading human capital engaged in production. Econ 101

 

That's competition and the risk of doing business. If Denver wanted to provide free roads they might be wiser to pay all the tolls on the existing privately built road.

 

EVERY job? Yes, the value of the job is not that much to the employer.

If you want enough for that then make your labor worth and get a job that pays that much and MORE.

Is it unreasonable to preclude any jobs that do not pay that much including those that a working spouse might take to supplement the family income or a young person entering their first job or a retired person with Social Security and other savings just wanting to keep working and active?

 

I fear you waste your time

Those who feel they are entitled to the largesse of others will never understand

They believe there is some finite amount of money and if you have a lot, then they cannot also become wealthy. That is a sad narrative they have been fed

 

Yes. We need more Jobs, Gates, and Musks in the world not fewer.

 

Well if it was just a candy store and you could move your location and your competitor didn't have a say in what prices you charged. And taking over doesn't increase the traffic flow.

The case here was tossed not on the merits but because the state supreme court ruled the city had immunity from lawsuit under the doctrine of state immunity so construction was restarted however the private bridge company is still allowed to pursue an "inverse condemnation" claim.

Interesting, as I said I can see both sides of this.

 

I know and here I sit retired and I read about all these discount cards and cash cards and food cards that are available from the government EXCEPT...................seems I worked too hard and saved too much so I am denied.

 

ECON 101: Demand creates supply, supply does not create demand

Just because you make something does not create a demand for it. Thats just ludicrous on its face. Then you backtrack to "if market analysis indicates"....that wasn't part of the original post/discussion.

Your last sentence about "wages earned....." so adding a line about how commerce works is now justification for claiming if you build it they will come ?

 

so your saying we do the same as Europe when it comes to healthcare

 

Say in 1890 the absolute lowest earners were in the
$0 - $10
The absolute highest
$1,000,000 and above

Now the lowest is
$0 - $10,000
The absolute highest
$10,000,000 and..............................................................................above

The first group always starts at 0$ they can't go lower it's $0 while the top number is unlimited.

So in a growing economy there will always be a growing gap between the lowest group and the highest group. But that is not how the left looks at it. The amount of wealth individuals can earn has grown exponentially as the world economy grew and has exploded these last few decades. GREAT it's good for us all and it's up to you to take advantage of it and as we know that is best under free market capitalist economies where the individuals own self interest is best served.

 

The same means? No I don't think he said that, just the same outcome, we also provide healthcare for the poor here which it seems many not from this country aren't aware.

 

That's is why people either individually or in corporations engage in capital formation so they can do market research to determine if the product they want to make has a demand or can they create a demand with a new product many times bringing the product to the marketplace and then a demand is created because now everyone wants one. But first they had to take that market research, design the product, build prototypes, test them, finalize, find a place to build the factory, acquire the land, pay someone to build the building, buy all the equipment to make the product, staff and equip an office, hire all the people and train them and them operate for a year or two without a profit................where does that funding come from? Where are the employees paychecks coming from?

So what REALLY comes first here...................capital. What happens to the economy the more and more capital the government takes out of the free market?

 

Yes there can be part time jobs, holiday jobs, keep your hand in jobs, volunteer work even.
My question was about the relationship between work and keeping body and soul together.
In some quarters there are people that say 'get three jobs, work eighteen hours a day for seven days a week, stop complaining'.
I think people in such desperate circumstances are open to being exploited.
In my mind it is a healthier society if there is dignity in work, and work should be paid decently enough for the worker to live.
Some employers may well say 'Ha! I'm not forcing my people to work for me, but isn't it great that I have mugs that will work long hours for a pittance and live in a cardboard box?'
Maybe I shouldn't be surprised that in a land whose wealth was built on slave labour there should be some people yearning for it to continue.

 

No it doesn’t. Production always precedes consumption. Companies make things because they believe that they can sell those things to people who have the means to buy them.

 

For low income people.