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

Salary increases have the potential to help you improve employee satisfaction and increase productivity within your team. Before you start implementing pay raises, you should consider the best practices for how, when and why to issue them.
10 perks and benefits to request in place of a salary increase | Employee Benefit News

 

More pay. More products the workers can buy.

Like ole Henry Ford, paying his workers a wage high enough they could but the product they made.

The more workers spend, the more products that get made.
The more product made, the more profit the company makes.

 

Yeah, Something like that.

 

lol minimum wage in nevada is under 12 an hour. Almost like no salary is low enough to prevent automation….

 

It’s 16 for them, unless their city has a higher one…and many do. And many of them are unionized, able to bargain for more and likely have other benefits

 

Which is a 20% increase over 2023.

 

Which was ridiculously low.

 

What is ridiculous is the implementation of any minimum wage law.

 

Why is it only the shithole nations that don’t have one? Has no 1st world society figured out what you’re claiming is better?

 

Denmark, Sweden, Norway, Finland and Iceland do not have a minimum wage. Implementation of a minimum wage reduces employment among those most in need of a job to gain human capital through work experience or to make money during the summer in support of school expenses. Minimum wages laws reduce employment. ECON 101 - if the price of labor is increased fewer laborers will be hires.

 

And yet, the economy is several times larger today, by at least 300%, over what it was when min wage laws were implemented.

It's like min wage laws grows the economy, since it continues to expand since it was implemented.

 

lol have you asked your employer or customers to pay you less so more people can have jobs?

 

And yet it could be larger with less poverty and a higher standard of living.

 

I was paid commensurate with my contribution. I was not paid based on a government required minimum.

 

But you didn’t take less so more people could have jobs?

 

I and all of my coworkers at the company I worked for have done so.

 

No need to ask, the volume of customer and sales will tell them everything they need to know

 

I remember many posts in the past where some folks raved about increased min-wage and some folks warned automation would replace labor if sales suffered..

WELL

So not only do employees lose wages, the state also loses workers tax dollars, AND CALI loves them some payroll deduction..

 

Yeah sure.
Less wages always means less poverty and higher standards of living.

Maybe if we all worked for free, we'd be in the top 1% of the world in standard of living.
Your logic escapes me.

 

Does the following escape you??

More people employed means less people in poverty. And a well thought out social welfare system with no negative incentives allows those in need to develop and increase their human capital resulting in higher future income.

 

We have more employed today than in 1938. When min wage laws took effect.

That is what seems to escape you.

 

Dodge noted.

The population of the US in 1938 was 130 million. The population of the US today is 330 million. Do you think that might have something to do with it?

After the passage of the legislation in the 1930's which resulted in the establishment of a national minimum wage black labor force participation was slightly higher than that of whites. After passage of the
the Fair Labor Standards Act of 1938 black unemployment doubled.

 

Raising wages doesn't cure rising prices, controling inflation does..

 

Yes,

https://www.tutor2u.net/economics/t...feature of stagflation in the 1970s and 1980s.

 

LOL, what's the dodge?

Proving there are more workers today than in 1938 when min wage laws took effect?
That's directly addressing the issue.

Of course more people equals more workers. So min wage didn't stop people from coming to USA to work. Maybe even encouraged more workers to come to USA.