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California burger flippers are soon to be making 20 bucks an hour under minimum wage law.

Nakosis

Non-Binary Physicalist
Premium Member

Sounds good but......

Thousands already have lost their fast food jobs ahead of the increase.




It's a cruel twist of fate and what do you think is going to happen to the state economy when fast food prices are increased even more than it already has?

Will the struggle between having a living wage and price increases kill the whole purpose of having a livable wage in the first place?

What's the point if the extra money made just gets eaten up when things get even more expensive than ever , bringing things back around to square one , and people can't afford anything because of lost jobs and even new higher prices making the extra difference useless.

It's like giving a raise but higher prices will just eat up the extra income literally. A vicious cycle.

It's a catch 22. Damned if you do, dammed if you don't.

Thoughts?

That's fine, I stopped doing fast food more than a year ago because of the cost.
We'll see I suppose if that $20 an hour will allow them to afford to eat at their own place of work.
 

Pogo

Well-Known Member
That's fine, I stopped doing fast food more than a year ago because of the cost.
We'll see I suppose if that $20 an hour will allow them to afford to eat at their own place of work.
except for a shift meal they will still be making burritos at home.
 

9-10ths_Penguin

1/10 Subway Stalinist
Premium Member
What's the point if the extra money made just gets eaten up when things get even more expensive than ever , bringing things back around to square one , and people can't afford anything because of lost jobs and even new higher prices making the extra difference useless.

It's like giving a raise but higher prices will just eat up the extra income literally. A vicious cycle.

It's a catch 22. Damned if you do, dammed if you don't.

Thoughts?

Just so we're clear: you're saying that minimum wage increases are what cause inflation, not other factors?
 

Nakosis

Non-Binary Physicalist
Premium Member
How does that save money?
This decrease in the average number of hours worked not only reduced total wages, but also impacted eligibility for benefits. We found that for every $1 increase in minimum wage, the percentage of workers working more than 20 hours per week (making them eligible for retirement benefits) decreased by 23.0%, while the percentage of workers with more than 30 hours per week (making them eligible for health care benefits) decreased by 14.9%. This suggests that as minimum wage increases, firms may strategically adjust their scheduling practices to reduce the number of workers eligible for benefits: Our estimates suggest that the average store in our California data set recouped approximately 27.5% of the increase in its wage costs through savings associated with reducing benefits.
Research: When a Higher Minimum Wage Leads to Lower Compensation
 

Twilight Hue

Twilight, not bright nor dark, good nor bad.
Just so we're clear: you're saying that minimum wage increases are what cause inflation, not other factors?
I never even mentioned inflation. Just the increase in pay will be absorbed and rendered useless as business will jack up their prices and eliminate jobs putting things back at square one.
 

Pogo

Well-Known Member
This decrease in the average number of hours worked not only reduced total wages, but also impacted eligibility for benefits. We found that for every $1 increase in minimum wage, the percentage of workers working more than 20 hours per week (making them eligible for retirement benefits) decreased by 23.0%, while the percentage of workers with more than 30 hours per week (making them eligible for health care benefits) decreased by 14.9%. This suggests that as minimum wage increases, firms may strategically adjust their scheduling practices to reduce the number of workers eligible for benefits: Our estimates suggest that the average store in our California data set recouped approximately 27.5% of the increase in its wage costs through savings associated with reducing benefits.
Research: When a Higher Minimum Wage Leads to Lower Compensation
Which is all the more reason to have a national single payer healthcare plan and retirement benefits for entry level jobs ?
 

Unfettered

A striving disciple of Jesus Christ

Sounds good but......

Thousands already have lost their fast food jobs ahead of the increase.




It's a cruel twist of fate and what do you think is going to happen to the state economy when fast food prices are increased even more than it already has?

Will the struggle between having a living wage and price increases kill the whole purpose of having a livable wage in the first place?

What's the point if the extra money made just gets eaten up when things get even more expensive than ever , bringing things back around to square one , and people can't afford anything because of lost jobs and even new higher prices making the extra difference useless.

It's like giving a raise but higher prices will just eat up the extra income literally. A vicious cycle.

It's a catch 22. Damned if you do, dammed if you don't.

Thoughts?
Minimum wage will always fail to reach its objective because it constitutes an inherent violation of the basic laws of economics.
 

Stevicus

Veteran Member
Staff member
Premium Member

Sounds good but......

Thousands already have lost their fast food jobs ahead of the increase.




It's a cruel twist of fate and what do you think is going to happen to the state economy when fast food prices are increased even more than it already has?

Will the struggle between having a living wage and price increases kill the whole purpose of having a livable wage in the first place?

What's the point if the extra money made just gets eaten up when things get even more expensive than ever , bringing things back around to square one , and people can't afford anything because of lost jobs and even new higher prices making the extra difference useless.

It's like giving a raise but higher prices will just eat up the extra income literally. A vicious cycle.

It's a catch 22. Damned if you do, dammed if you don't.

Thoughts?

It's hard to figure at times. Historically, California has been a rather fortunate and prosperous state in comparison to most other states. They've had quite a bit going for them and known as a kind of idyllic, chic "paradise" which attracted people from all over America and all over the world to the point where they are now America's most populous state. But it's also pretty expensive, particularly housing.

I remember hearing stories about how, back in 1849 during the Gold Rush days, there was massive inflation because everyone had so much gold. But those who didn't have gold must have been screwed. I guess it's still like that, in a way.

It may be just as well. I've heard many people say that Americans eat too much fast food anyway. If it turns out that only the wealthy can afford fast food, then they'll probably go out of business much faster. It could be a boon for mom-and-pop food trucks and other local eateries.
 

Unfettered

A striving disciple of Jesus Christ
It may be just as well. I've heard many people say that Americans eat too much fast food anyway. If it turns out that only the wealthy can afford fast food, then they'll probably go out of business much faster. It could be a boon for mom-and-pop food trucks and other local eateries.
Why would we feel good about any legitimate business closing due to government putting its thumb on the scales? That's an unforgivable civic "FAIL." Government should never be involved in picking, or creating, winners and losers. That is one of the primary paths to civic discord and social dissolution.
 

Spice

StewardshipPeaceIntergityCommunityEquality

Sounds good but......

Thousands already have lost their fast food jobs ahead of the increase.




It's a cruel twist of fate and what do you think is going to happen to the state economy when fast food prices are increased even more than it already has?

Will the struggle between having a living wage and price increases kill the whole purpose of having a livable wage in the first place?

What's the point if the extra money made just gets eaten up when things get even more expensive than ever , bringing things back around to square one , and people can't afford anything because of lost jobs and even new higher prices making the extra difference useless.

It's like giving a raise but higher prices will just eat up the extra income literally. A vicious cycle.

It's a catch 22. Damned if you do, dammed if you don't.

Thoughts?
It lowers the middle-class, sending many lower middle-class back to the staring line as if they had never worked their way up to a better paycheck on their own.
 
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