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Hike in minimum wage prompts more closings of San Francisco restaurants
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In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Anonymous Coward 74458587:MV8zNTAzODkwXzYyNTQ0MzU0XzYzMUYyNERG] [quote:Anonymous Coward 74684045:MV8zNTAzODkwXzYyNTQyNjkyXzU2OTUzRDE=] [quote:Anonymous Coward 74686499:MV8zNTAzODkwX0RGRTNFRTcz] Hike in minimum wage prompts more closings of San Francisco restaurants http://www.washingtonexaminer.com/hike-in-minimum-wage-prompts-more-closings-of-san-francisco-restaurants/article/2620454 [/quote] No pity for businesses that rely on slavery. Why did the massive hikes in wages at manufacturing jobs not close any factories? Why did the minimum wage fail to close any businesses in 1970? Increases for inflation, (true inflation), of education, medicine, housing, energy, and food would have put the minimum wage at closer to $20.00 per hour today. If you include increases in productivity, it should be closer to $30.00 or $40.00 per hour today. [/quote] Too many people chasing too few jobs. Thank too much immigration for keeping those who will take a low wage job. It is NOT that jobs are 'below' an American - it is that the wage does not support a normal life. Want wages to go higher? Stop bringing in those who will work for peanuts. Throw in the fact if wages go too high then companies move out of the country to lower wage countries. China was the poster child for this now it is Mexico. Bottom line - the USA decades ago had 70%+ of global wealth. Today it is something around 35%. $40/hr??? What are you smoking???? [/quote]
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Hike in minimum wage prompts more closings of San Francisco restaurants
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link to www.washingtonexaminer.com
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