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Hike in minimum wage prompts more closings of San Francisco restaurants

 
Denizen

User ID: 74610737
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04/17/2017 09:16 PM

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Re: Hike in minimum wage prompts more closings of San Francisco restaurants
Hike in minimum wage prompts more closings of San Francisco restaurants

[link to www.washingtonexaminer.com]
 Quoting: Anonymous Coward 74686499


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.
 Quoting: Anonymous Coward 74684045


You really miss the point of sharpness.
Welcome to the Deplorable States of TRUMP. Papers please?
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Death to Ayatollah Ali Khamenei - Death to Iran

Death to Kim Jong-un - Death to Democratic People's Republic of Korea (is Best Korea)
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Blab gobble doodle blurb!
Fucking obnoxious cretin.
Dick Tracy

User ID: 69496378
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04/17/2017 09:17 PM

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Re: Hike in minimum wage prompts more closings of San Francisco restaurants
From the article:

"The impact on exit is concentrated among lower quality restaurants, which are already closer to the margin of exit. This suggests that the ability of firms to adjust to minimum wage changes could differ depending on firm quality," the study found. The higher-rated restaurants can adjust, primarily through working their employees harder.

Higher minimum wages also reduce the rate at which new restaurants open by 4-6 percent per $1 increase in the minimum, the study found."

So the "lower quality" restaurants are being forced out (i.e., cheaper food for people that can't afford a 5* meal). So those with a lower/moderate income are eventually forced out of the city (same with housing prices) leaving only the affluent. Another liberal logic fail. Prices/wages should be allowed to seek their own level in any market. Any intervention on either side simply creates unintended consequences.
 Quoting: Anonymous Coward 39798181


And who EXACTLY determines "firm quality?" Otherwise, that's a great analysis.

Last Edited by Dick Tracy on 04/17/2017 09:20 PM
"Deserve's got nothing to do with it."

Clint Eastwood ~ Unforgiven

“The best way to control the opposition is to lead it ourselves.”

Vladimir Lenin
Dick Tracy

User ID: 69496378
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04/17/2017 09:18 PM

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Re: Hike in minimum wage prompts more closings of San Francisco restaurants
The USA should should set the minimum wage at $1000 per hour and rents at $10 per month.

Isn't socialism great? Free money! Wealth by decree! Everyone knows the USSR was a huge success. What could go wrong?
 Quoting: Anonymous Coward 74686499


Thank you!
"Deserve's got nothing to do with it."

Clint Eastwood ~ Unforgiven

“The best way to control the opposition is to lead it ourselves.”

Vladimir Lenin
Anonymous Coward
User ID: 74684045
United States
04/17/2017 09:19 PM
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Re: Hike in minimum wage prompts more closings of San Francisco restaurants
Hike in minimum wage prompts more closings of San Francisco restaurants

[link to www.washingtonexaminer.com]
 Quoting: Anonymous Coward 74686499


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?

 Quoting: Anonymous Coward 74684045


It did.

Manufacturing moved to asia.

Check your TV, computer, car...etc

FACTS trump idiot SJWs every time...
 Quoting: Anonymous Coward 74621315


I'm not talking about recent developments, but higher factory wages from the era of Henry Ford through the next 50 years or so.

(Plenty of laborers then didn't even speak much English.)

Foreign competition should not be an issue.

We need protectionism.

This country could not have gotten on its feet without it.

An Indian can live on a dollar a month, or something like that, but it is absolutely impossible in America, so American workers have to be protected against competition with Indian workers.

We simply shouldn't do business with India.

Likewise, China or Africa.

Maybe in time they could bring their wages up to our levels, but then we could talk.

The wage fueled prosperity I'm talking about happened long before the era you are referring to.

And it certainly didn't slow down American productivity and innovation - not one little bit.
Anonymous Coward
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United States
04/17/2017 09:20 PM
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Re: Hike in minimum wage prompts more closings of San Francisco restaurants
Restaurants aren't like other businesses. The profit margin on food is very thin. Every penny counts. And most folks don't understand the server's contractual and historical relationship to a restaurant. Servers are not "employees"

Instead of reaping the benefits of a larger minimum wage, these restaurants were gutted and bled dry and the servers now have no job and no money. Stupid move by the liberals. Restaurants should have been exempt.

I own a small restaurant night club in Ohio. If the commie government here tried that shit I'd just fire all my employees and run the place with family members who volunteer.
Anonymous Coward
User ID: 74684045
United States
04/17/2017 09:20 PM
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Re: Hike in minimum wage prompts more closings of San Francisco restaurants
The USA should should set the minimum wage at $1000 per hour and rents at $10 per month.

Isn't socialism great? Free money! Wealth by decree! Everyone knows the USSR was a huge success. What could go wrong?
 Quoting: Anonymous Coward 74686499


Thank you!
 Quoting: Dick Tracy


A fake, stupid argument from a pinhead.
Anonymous Coward
User ID: 39798181
United States
04/17/2017 09:25 PM
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Re: Hike in minimum wage prompts more closings of San Francisco restaurants
From the article:

"The impact on exit is concentrated among lower quality restaurants, which are already closer to the margin of exit. This suggests that the ability of firms to adjust to minimum wage changes could differ depending on firm quality," the study found. The higher-rated restaurants can adjust, primarily through working their employees harder.

Higher minimum wages also reduce the rate at which new restaurants open by 4-6 percent per $1 increase in the minimum, the study found."

So the "lower quality" restaurants are being forced out (i.e., cheaper food for people that can't afford a 5* meal). So those with a lower/moderate income are eventually forced out of the city (same with housing prices) leaving only the affluent. Another liberal logic fail. Prices/wages should be allowed to seek their own level in any market. Any intervention on either side simply creates unintended consequences.
 Quoting: Anonymous Coward 39798181


And who EXACTLY determines "firm quality?" Otherwise, that's a great analysis.
 Quoting: Dick Tracy


I think that is their "PC" way of saying McD's vs the Bistro.
Anonymous Coward (OP)
User ID: 74686499
China
04/17/2017 09:27 PM
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Re: Hike in minimum wage prompts more closings of San Francisco restaurants
If you have ten thousand regulations, you destroy all respect for the law.
Anonymous Coward
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04/17/2017 09:27 PM
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Re: Hike in minimum wage prompts more closings of San Francisco restaurants
I live in Ohio but work frequently in SF. I spend 6-12 weeks a year there.

I'm not in favor of the minimum wage in general, but in a place like SF, making $13 an hour is pretty bad. There is no WAY you could live in the city for that money - so you have to be the second and much lower earner. If you live outside the city, it would cost you an hour or two of salary just to get in and out of the city (after taxes).

SF is expensive because of the Googlers, the Applers, the Genetechers and all of the ridiculous young app kid millionaires.

You couldn't pay me to live there. It's a dump. It's a completely disgusting place to live. Fecal matter and needles in the streets. Homeless everywhere. No thanks.

I'm staying in the midwest or south. Stay away from the left coast.
Bottom feeder
User ID: 47127262
United States
04/17/2017 09:28 PM
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Re: Hike in minimum wage prompts more closings of San Francisco restaurants
If the ditch digger cannot afford a decent living and raise a family then wetbacks on welfare and robots will take over till all are drained of wealth.

NAFTA,gatt, abandoned gold standard,hub,fractional reserve banking, bank bailouts yet the upper middle-class still chokes on crony fake free market capitalism as long as their portfolios says they'll REV into the sunset.

The ten planks have been at work in the land of the free so long Americans don't believe they are practicing communism.
Anonymous Coward
User ID: 72920484
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04/17/2017 09:29 PM
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Re: Hike in minimum wage prompts more closings of San Francisco restaurants
Hike in minimum wage prompts more closings of San Francisco restaurants

[link to www.washingtonexaminer.com]
 Quoting: Anonymous Coward 74686499


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.
 Quoting: Anonymous Coward 74684045


bump
Anonymous Coward
User ID: 74673557
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04/17/2017 09:29 PM
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Re: Hike in minimum wage prompts more closings of San Francisco restaurants
Hike in minimum wage prompts more closings of San Francisco restaurants

[link to www.washingtonexaminer.com]
 Quoting: Anonymous Coward 74686499


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.
 Quoting: Anonymous Coward 74684045


People should be able to work for whatever rate they want and whatever rate the business is willing to pay.
Dick Tracy

User ID: 69496378
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04/17/2017 09:30 PM

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Re: Hike in minimum wage prompts more closings of San Francisco restaurants
wait till everyone does the math and realizes there aren't enough jobs for available for all able bodied workers.

Add to that the automation of everything.

It's all over soon folks.


Universal minimum wage is the only answer.

But that would necessitate a government that was designed for the good of the people.

You'd think with all the tax revenue siphoned from Americans since the illegal taxations we would have a utopia by now.

Not that hard to provide fundamental wellbeing to 300 million people with trillions of dollars.
 Quoting: Anonymous Coward 73728210



"Deserve's got nothing to do with it."

Clint Eastwood ~ Unforgiven

“The best way to control the opposition is to lead it ourselves.”

Vladimir Lenin
Gelatinous Mass

User ID: 73899585
United States
04/17/2017 09:31 PM

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Re: Hike in minimum wage prompts more closings of San Francisco restaurants
Mathematics is the great equalizer.

Eventually, all liberal policies hit the mathematics test.

In this case, the test medium was the private sector.

When accounts payable is greater than accounts receivable, shit starts to fall apart.
Dick Tracy

User ID: 69496378
United States
04/17/2017 09:31 PM

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Re: Hike in minimum wage prompts more closings of San Francisco restaurants
The USA should should set the minimum wage at $1000 per hour and rents at $10 per month.

Isn't socialism great? Free money! Wealth by decree! Everyone knows the USSR was a huge success. What could go wrong?
 Quoting: Anonymous Coward 74686499


Thank you!
 Quoting: Dick Tracy


A fake, stupid argument from a pinhead.
 Quoting: Anonymous Coward 74684045


A meaningless post...from YOU!!!
"Deserve's got nothing to do with it."

Clint Eastwood ~ Unforgiven

“The best way to control the opposition is to lead it ourselves.”

Vladimir Lenin
Anonymous Coward (OP)
User ID: 74686499
China
04/17/2017 09:32 PM
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Re: Hike in minimum wage prompts more closings of San Francisco restaurants
If you don't like your pay, quit. Get an education, start your own company, or get a new job.
Anonymous Coward
User ID: 74537772
United States
04/17/2017 09:32 PM
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Re: Hike in minimum wage prompts more closings of San Francisco restaurants
The USA should should set the minimum wage at $1000 per hour and rents at $10 per month.

Isn't socialism great? Free money! Wealth by decree! Everyone knows the USSR was a huge success. What could go wrong?
 Quoting: Anonymous Coward 74686499


money money money - greed greed greed - what could go wrong?


Anyway lets all trade our lives for worthless pieces of paper with masonic pictures on them , Isn't stupidity great ? Fiat currency is for the poor - get back in your cubicle! -
Anonymous Coward
User ID: 74684045
United States
04/17/2017 09:34 PM
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Re: Hike in minimum wage prompts more closings of San Francisco restaurants
From the article:

"The impact on exit is concentrated among lower quality restaurants, which are already closer to the margin of exit. This suggests that the ability of firms to adjust to minimum wage changes could differ depending on firm quality," the study found. The higher-rated restaurants can adjust, primarily through working their employees harder.

Higher minimum wages also reduce the rate at which new restaurants open by 4-6 percent per $1 increase in the minimum, the study found."

So the "lower quality" restaurants are being forced out (i.e., cheaper food for people that can't afford a 5* meal). So those with a lower/moderate income are eventually forced out of the city (same with housing prices) leaving only the affluent. Another liberal logic fail. Prices/wages should be allowed to seek their own level in any market. Any intervention on either side simply creates unintended consequences.
 Quoting: Anonymous Coward 39798181


And who EXACTLY determines "firm quality?" Otherwise, that's a great analysis.
 Quoting: Dick Tracy


The market determines it.

Neocons only want a market to work in one direction - for the wealthy.

The market can adjust to higher wages just as easily as it adjusts to anything else.

The only effect would be to drain the wealth away from the wealthy and put it in the hands of the productive.

It would still find a working balance, as markets will do, except less money would be wasted on luxuries, and resources would be distributed more toward basic needs, like clothes, modest houses, food, and tools.

It would become too expensive to hire people to maintain large hotels, large estates, vacation resorts, sports stadiums, etc. (If your wife has to clean your house, she isn't going to want 30 rooms.)

We don't need the luxuries, but people need to live, and they need the basics.

Welfare doesn't cut it because the people who receive it aren't working and aren't productive. It is a complete waste of resources rather than an intelligent distribution of resources, based on productivity and the market.

Just as stupid a waste of resources as idle billionaires flying around the world, with their gigantic carbon footprints.

This kind of waste and inefficiency is not from the working of a free market, but from racketeering and fraud on a massive scale.
Anonymous Coward (OP)
User ID: 74686499
China
04/17/2017 09:37 PM
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Re: Hike in minimum wage prompts more closings of San Francisco restaurants
What the government is good at is collecting taxes, taking away your freedoms and killing people. It's not good at much else.
Anonymous Coward
User ID: 47127262
United States
04/17/2017 09:38 PM
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Re: Hike in minimum wage prompts more closings of San Francisco restaurants
If you don't like your pay, quit. Get an education, start your own company, or get a new job.
 Quoting: Anonymous Coward 74686499


Been there the regulations made it non profitable to squeeze out the small guys.

Regulations benefit large corporations.
Anonymous Coward
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United States
04/17/2017 09:39 PM
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Re: Hike in minimum wage prompts more closings of San Francisco restaurants
wait till everyone does the math and realizes there aren't enough jobs for available for all able bodied workers.

Add to that the automation of everything.

It's all over soon folks.


Universal minimum wage is the only answer.

But that would necessitate a government that was designed for the good of the people.

You'd think with all the tax revenue siphoned from Americans since the illegal taxations we would have a utopia by now.

Not that hard to provide fundamental wellbeing to 300 million people with trillions of dollars.
 Quoting: Anonymous Coward 73728210


A universal minimum wage would be a disaster, you myopic Luddite. If price controls worked, then North Korea and the former Soviet Union should have been paradises. Also, if production becomes automated, what will stop me from using those tools to make what I need on my own? Sounds good to me. Sounds liberating. And if I can't afford my robot farmer, gardener, maid or chef, then maybe I'll join a co-op that can. I especially can't wait for the discovery and production of cheap, local and abundant energy. Oh yeah, and don't forget about 3D printers.... Ironically, you libtards are actually regressives. The kind of jokers who would have complained that the automobile will put farriers out of business. You guys are stupid!!!!!!!!
 Quoting: Dick Tracy



If the robots can be used by individuals to produce everything they need then you wouldn't have a problem giving a universal wage now would you?

myopic? can't even comprehend the point made originally.

unless you you were waiting to reply to the lack of jobs now and the inevitable automation of all jobs.
Anonymous Coward
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United States
04/17/2017 09:39 PM
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Re: Hike in minimum wage prompts more closings of San Francisco restaurants
Let the city sink into the ocean. It's totally gentrified and has more homeless than any other city in the nation.
Anonymous Coward
User ID: 74695117
United States
04/17/2017 09:40 PM
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Re: Hike in minimum wage prompts more closings of San Francisco restaurants
Democrat rule always destroys economies.
 Quoting: Chip



Exactly.

Some people fall for the idea that dumb liberalism and its supposed compassion for the working stiff will make for a better community or nation. But the inability of small mom-and-pop businesses to survive in a town like SF, booted out by dumb-shit liberals, will merely make the champagne socialists of such cities create a somewhat fancier version of what's going on in crapholes like Caracas, Venezuela.

Such libtardism also hasn't magically made the homeless problem in SF go away. If anything, it's gotten worse and more mean, including growing rates of crimes like breaking into cars parked in SF. Why? The city isn't liberal and humane enough?
CompletelyDeplorable

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04/17/2017 09:40 PM

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Re: Hike in minimum wage prompts more closings of San Francisco restaurants
It's not a question of skills.

Factory laborers had less education and few skills, but their higher pay elevated the whole country to unheard of prosperity.

Even capitalism doesn't work if people don't have capital, if they don't own their homes outright, and all they can do is borrow themselves deeply into debt and pay grossly inflated rents to their landlords.

It isn't capitalism.

It's serfdom, and it leads only to death, not prosperity.
 Quoting: Anonymous Coward 74684045


Best response yet. Thank you Sir. For capitalism to work you have to put capital in the hands of as many as possible
clappa
Anonymous Coward
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04/17/2017 09:41 PM
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Re: Hike in minimum wage prompts more closings of San Francisco restaurants
Hate to be a dick but if your only making it with a minimal profit and cant afford to treat your employees well. Then your business model was crap and needed to be replaced in the firat place.

People in 1975 were getting 15.00 an hour working at Sears warehouse. Their rent was 400.00 a month on a now 380,000.00 home.

They literally bought in at 20k and made a quarter million paying off the home in several years.

I can work two jobs beyond full time and I barely make the 2.00 daily bus fare by the weeks end-

Its too preposterous to continue to allow this. The inflation needs to be reduced as everyone in the nation is impacted by it.

If that means full on collapse of todays markets. If that is what it takes. So be it;
 Quoting: Anonymous Coward 74617722


The thing that's a real bad sign to me is if you follow most of the tech companies and retail, the money they have isn't profit, it's borrowed.

They either make it big (rare), sell off or just keep borrowing.

In short most of what everyone thinks is huge profit is just MASSIVE debt. It kind of makes sense at near zero interest, but if interest goes up a few points it is game over.

Plus you don't pay taxes on borrowed money so a lot of the uber rich take stock and borrow against that at near 0 and don't pay the 40% tax rate. Brilliant and legal, if the stock collapses, disastrous.
Anonymous Coward (OP)
User ID: 74686499
China
04/17/2017 09:42 PM
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Re: Hike in minimum wage prompts more closings of San Francisco restaurants
Government is not the solution, but rather the cause of our problems.
The Comedian :D
The Dark Alt-Knight

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04/17/2017 09:45 PM

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Re: Hike in minimum wage prompts more closings of San Francisco restaurants
nelson
8 U.S.C. § 1182(f)
Whenever the President finds that the entry of any aliens or of any class of aliens into the United States would be detrimental to the interests of the United States, he may by proclamation, and for such period as he shall deem necessary, suspend the entry of all aliens or any class of aliens as immigrants or nonimmigrants, or impose on the entry of aliens any restrictions he may deem to be appropriate.

Legal Disclaimer: All comments are intended as humor and/or fiction and not advice, and not to be confused with any event or person, living or dead.
Anonymous Coward
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United States
04/17/2017 09:45 PM
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Re: Hike in minimum wage prompts more closings of San Francisco restaurants
Hike in minimum wage prompts more closings of San Francisco restaurants

[link to www.washingtonexaminer.com]
 Quoting: Anonymous Coward 74686499


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.
 Quoting: Anonymous Coward 74684045


Have you hired anyone from this swamp called a "labor pool"?
I have never seen so many applicants unqualified to do anything!
It has taken years to find employees that are good enough at what they do to tolerate their addictions, girlfriends/wives, phone habits, court appearances, frequent absences, illnesses and drama.
I will be retiring in a couple of years from a supervisor position and finally, after years of searching may have found a self starter capable... as soon as his DUI drops from his record so he can drive company vehicles again... that is.
The Comedian :D
The Dark Alt-Knight

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04/17/2017 09:47 PM

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Re: Hike in minimum wage prompts more closings of San Francisco restaurants
Hike in minimum wage prompts more closings of San Francisco restaurants

[link to www.washingtonexaminer.com]
 Quoting: Anonymous Coward 74686499


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.
 Quoting: Anonymous Coward 74684045


You really miss the point of sharpness.
 Quoting: Denizen



Let's be honest.
He can't even figure out how to create a free account.
It's a miracle he can type without breaking both arms.
glpac
8 U.S.C. § 1182(f)
Whenever the President finds that the entry of any aliens or of any class of aliens into the United States would be detrimental to the interests of the United States, he may by proclamation, and for such period as he shall deem necessary, suspend the entry of all aliens or any class of aliens as immigrants or nonimmigrants, or impose on the entry of aliens any restrictions he may deem to be appropriate.

Legal Disclaimer: All comments are intended as humor and/or fiction and not advice, and not to be confused with any event or person, living or dead.
Anonymous Coward (OP)
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China
04/17/2017 09:52 PM
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Re: Hike in minimum wage prompts more closings of San Francisco restaurants
A society based on the freedom to choose is better than a society based on the principles of socialism, communism and coercion.


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