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Hike in minimum wage prompts more closings of San Francisco restaurants

 
Anonymous Coward
User ID: 74308797
United States
04/17/2017 11:17 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! -
 Quoting: Anonymous Coward 74537772


But the slaves who are paid enough to live the way they want are happy to be slaves.
That's the stupidity of it and that's the plan. "They" want the happy slaves to keep the unhappy slaves in the box.

And no (insert wrong assumption here) I'm self employed.
Acceptable Bible-Tard

User ID: 74652692
United States
04/17/2017 11:22 PM

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Re: Hike in minimum wage prompts more closings of San Francisco restaurants
Eating out will become obsolete. Home cooking and dining with friends at home will replace restaurants.
 Quoting: Anonymous Coward 70651045


But I don't have any friends, I go out to eat just to be around others and to get a feeling of relevance. I am not joking.
I love humans and babies and everything good and wholesome about life. I enjoy nature and the green grass of the field. I appreciate technology that is ethical and moral.
Anonymous Coward
User ID: 38248432
United States
04/17/2017 11:24 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're talking b2b vs b2c. The economy would collapse overnight if businesses raised prices at the same time that wages hiked.
Anonymous Coward
User ID: 72664315
United States
04/17/2017 11:25 PM
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Re: Hike in minimum wage prompts more closings of San Francisco restaurants
Eating out will become obsolete. Home cooking and dining with friends at home will replace restaurants.
 Quoting: Anonymous Coward 70651045


But I don't have any friends, I go out to eat just to be around others and to get a feeling of relevance. I am not joking.
 Quoting: Acceptable Bible-Tard


Just buy a $200,000 annual membership at Mar-A-Lago, then you could eat beautiful chocolate cake with the PRESIDENT.
Vision Thing
Wishing you the best of health

User ID: 74490989
United States
04/17/2017 11:26 PM

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Re: Hike in minimum wage prompts more closings of San Francisco restaurants
Eating out will become obsolete. Home cooking and dining with friends at home will replace restaurants.
 Quoting: Anonymous Coward 70651045


It's been obsolete for me for many years. I almost never dine out, like once a year, maybe, as someone's guest.

If you're on a limited budget eating in restaurants or eating any prepared deli food should be the first thing you cut.

Preparing your own food has to be the first step in cutting expenses.

At least, that's my opinion anyway.
The Comedian :D
The Dark Alt-Knight

User ID: 40899983
United States
04/17/2017 11:29 PM

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Re: Hike in minimum wage prompts more closings of San Francisco restaurants
Eating out will become obsolete. Home cooking and dining with friends at home will replace restaurants.
 Quoting: Anonymous Coward 70651045


But I don't have any friends, I go out to eat just to be around others and to get a feeling of relevance. I am not joking.
 Quoting: Acceptable Bible-Tard


Friends are over-rated.
Achievements are more important.
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
User ID: 38248432
United States
04/17/2017 11:31 PM
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Re: Hike in minimum wage prompts more closings of San Francisco restaurants
Remove minimum wage entirely and us employers will have competing wages.
Anonymous Coward
User ID: 47127262
United States
04/17/2017 11:36 PM
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Re: Hike in minimum wage prompts more closings of San Francisco restaurants
The USA is collapsing.

The US is in debt, is conducting multiple wars, is a police state, is flooded by illegal immmigrants, and has become immoral.

Americans are either ignoring the decay or think that nothing can be done to stop the decline. Almost no one thinks the US can be saved.

No one seems to be worried about tyranny because liberals think the police state only applies to conservatives and conservatives think the police state only affects liberals.

The truth seems to be that the elites want to wipe out the strong white men and plan to send the weak liberals to the gulags where they will be starved and killed. The 1% will then divide the wealth and land of the US among themselves.

How else can you explain the destruction of the USA? Economics isn't rocket science. If you want a strong economy, don't punish hard work with taxes and regulations while rewarding laziness with welfare and allowing millions of 3rd world immigrants to flood the country.

[link to www.americanthinker.com]

Those fail to learn from history are doomed to repeat it.

Sadly Americans won't realize what is happening until it is too late.

Never underestimate the inhumanity of man towards man. Greed has no bounds.

Wake up.

Think.

Pass the word.
 Quoting: Anonymous Coward 74686499


Cognitive dissonance.
Anonymous Coward
User ID: 50023508
United States
04/17/2017 11:38 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


Good riddance!
Anonymous Coward
User ID: 74565107
United States
04/17/2017 11:39 PM
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Re: Hike in minimum wage prompts more closings of San Francisco restaurants
Freedom to dumb free
Anonymous Coward
User ID: 74685599
Australia
04/17/2017 11:39 PM
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Re: Hike in minimum wage prompts more closings of San Francisco restaurants
Democrat rule always destroys economies.
 Quoting: Chip


Oh, I thought it was usury, my mistake.....
Anonymous Coward
User ID: 74685599
Australia
04/17/2017 11:40 PM
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Re: Hike in minimum wage prompts more closings of San Francisco restaurants
Eating out will become obsolete. Home cooking and dining with friends at home will replace restaurants.
 Quoting: Anonymous Coward 70651045


But I don't have any friends, I go out to eat just to be around others and to get a feeling of relevance. I am not joking.
 Quoting: Acceptable Bible-Tard


Friends are over-rated.
Achievements are more important.
 Quoting: The Comedian :D


That's pretty much the exact opposite of what Christ taught,
so that would make you......
Anonymous Coward (OP)
User ID: 74686499
China
04/17/2017 11:43 PM
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Re: Hike in minimum wage prompts more closings of San Francisco restaurants
Will a higher minimum wage lead to lower prices and encourage companies to hire more workers?
Anonymous Coward
User ID: 45580375
United States
04/17/2017 11:44 PM
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Re: Hike in minimum wage prompts more closings of San Francisco restaurants
so under your model, zero wage creates the most jobs.

do you see the error in your logic yet?
Sungaze_At_Dawn

User ID: 73221749
Canada
04/17/2017 11:44 PM

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Re: Hike in minimum wage prompts more closings of San Francisco restaurants
Oh my, imagine the poor starving underpaid masses expecting a tiny bit more that still doesnt meet rent and costs, let alone savings, and its going to break everyone. Those millionaires will make a little less.

We've had higher minimum wage, and businesses still thrive.

In fact, imagine profit sharing and bending over backwards to, once you have good employees worth their salt in a year or two, ensure they all own homes.

And grow up!
Anonymous Coward
User ID: 74703432
United States
04/17/2017 11:46 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.
 Quoting: Bottom feeder 47127262


Ya I wonder why people can't see this as well. Especially the people on this site.

I got it about a decade before I found glp & I've been here only a few yrs.

Crazy as fuck!
Anonymous Coward (OP)
User ID: 74686499
China
04/17/2017 11:49 PM
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Re: Hike in minimum wage prompts more closings of San Francisco restaurants
Was there a minimum wage in 1776? How did workers survive?
Anonymous Coward
User ID: 45580375
United States
04/17/2017 11:49 PM
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Re: Hike in minimum wage prompts more closings of San Francisco restaurants
Remove minimum wage entirely and us employers will have competing wages.
 Quoting: Anonymous Coward 38248432


wrong.

work is finite and shrinks over time.

if work were infinte, nations wouldn't war over jobs.

if work shrinks over time, that shrinkage creates a continual downward pressure on wages, ie less work, more uneployed workers.
Anonymous Coward
User ID: 72664315
United States
04/17/2017 11:53 PM
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Re: Hike in minimum wage prompts more closings of San Francisco restaurants
Will a higher minimum wage lead to lower prices and encourage companies to hire more workers?
 Quoting: Anonymous Coward 74686499


If minimum wage workers have more money to spend, what do they do with it?

They fucking SPEND IT.

That might not lead to lower prices, but a BOOMING ECONOMY does tend to lead to companies hiring more workers to meet higher demand for goods and services.

Also, hundreds of thousands of Walmart employees would no longer be on fucking WELFARE paid for by us taxpayers so Walmart can have slightly higher profits!
Anonymous Coward
User ID: 74709018
United States
04/17/2017 11:55 PM
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Re: Hike in minimum wage prompts more closings of San Francisco restaurants
Everybody should be eating and cooking home made foods anyways, much healthier and less costly.

Screw restaurants, especially the fast food ones serving cellulose/wood and hormone disrupting soy filled fake foods while charging us like it is real food.
Anonymous Coward
User ID: 45580375
United States
04/17/2017 11:56 PM
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Re: Hike in minimum wage prompts more closings of San Francisco restaurants
Was there a minimum wage in 1776? How did workers survive?
 Quoting: Anonymous Coward 74686499


do you understand the concept of specialization of work?

conservatives have cause and effect reversed. govt taxation increases as companies reduce their workforce and wages.

the model they've taught you is false, which should be clear over the past 8 years. when you reduce wages, people buy less. really, is it so hard to grasp?
Vision Thing
Wishing you the best of health

User ID: 74490989
United States
04/17/2017 11:58 PM

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Re: Hike in minimum wage prompts more closings of San Francisco restaurants
Will a higher minimum wage lead to lower prices and encourage companies to hire more workers?
 Quoting: Anonymous Coward 74686499


If minimum wage workers have more money to spend, what do they do with it?

They fucking SPEND IT.

That might not lead to lower prices, but a BOOMING ECONOMY does tend to lead to companies hiring more workers to meet higher demand for goods and services.

Also, hundreds of thousands of Walmart employees would no longer be on fucking WELFARE paid for by us taxpayers so Walmart can have slightly higher profits!
 Quoting: Anonymous Coward 72664315


If minimum wage workers have more money, they spend it on the rent increase.
Anonymous Coward (OP)
User ID: 74686499
China
04/17/2017 11:59 PM
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Re: Hike in minimum wage prompts more closings of San Francisco restaurants
WTF?

Work does not shrink.

There are more workers and jobs now then there were in 1975.

[link to www.bls.gov (secure)]
Anonymous Coward
User ID: 72664315
United States
04/18/2017 12:06 AM
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Re: Hike in minimum wage prompts more closings of San Francisco restaurants

REVOLUTIONARY
Henry Ford Understood That Raising Wages Would Bring Him More Profit

On January 5, 1914, the business world witnessed a revolutionary, shocking act. Henry Ford, founder, chief executive officer, and dictator of the Ford Motor Company, unilaterally raised—doubled!—the wages of thousands of production workers to $5 per nine-hour day, from about $2.38. Ford’s company was the unorthodox leader of what was rapidly growing into an iconic American industry. And Henry Ford was already regarded as an eccentric, an outsider, somewhat strange. “Crazy Henry,” the neighbors dubbed him when he tinkered in his garage. As Ford grew into his role, he did little to disabuse the public of that sobriquet, chartering a ship to Europe and sailing with anarchists in a vain effort to end World War I; backing an anti-Semitic newspaper, the Dearborn Independent; and taking a paternalistic interest in the social lives of his employees.

But the pay hike was something else. By paying a wage that was significantly above what the market required, Ford was betraying his fellow business owners and putting the whole of American enterprise in jeopardy. The Wall Street Journal editorial page, then, as now, a hotbed of revanchism, sniffed: “To double the minimum wage, without regard to length of service, is to apply Biblical or spiritual principles where they do not belong.” Ford may have been seeking a place in heaven, the Journal warned, but this action would more likely consign him to hell. Ford has “in his social endeavor committed blunders, if not crimes. They may return to plague him and the industry he represents, as well as organized society.”

Of course, Ford was motivated more by self-interest than by altruism. Turnover was huge in the growing auto industry, as workers hopped from factory to factory in search of better wages. The nation was in the midst of a rising wave of labor activism that frequently turned to violence. International networks of communists, socialists, and various other types of radical syndicalists were organized and active in America’s largest cities—and occasionally tossed bombs at business owners. Raising wages proactively was clearly a way to buy some short-term labor peace.

But Ford was playing a deeper, longer game. The Ford Motor Company was in the business of building an expensive durable good. The first cars he had built in number, the 1903 Model N, cost about $3,000, and so were accessible only to that era’s one percent. Henry Ford recognized that the automobile would be more successful as a volume business than as a niche product. “I would build a motorcar for the great multitudes,” he proclaimed. Through relentless innovation, vertical integration, and the obsessive development of an assembly line, Ford had already managed to bring the cost of the Model T, the first democratic car, down to about $500. And the company was moving about 250,000 cars a year. But per capita income was only $354 in 1913. The U.S. didn’t have a developed consumer credit industry. People paid for things with the wages they earned and their savings.

So this was Ford’s theory: Companies had an interest in ensuring that their employees could afford the products they produced. Put another way, employers had a role to play in boosting consumption. While paying higher wages than you absolutely needed to might lower profits temporarily, it would lead to a more sustainable business and economy over time. If the motorcar was going to be a mass-produced product for typical Americans, not a plaything for the rich, Ford would strive to pay his workers enough so they could afford the products they worked on all day.

Ford, of course, was right. And the rest is industrial history. The $5 day didn’t kill Ford, or American capitalism, as many capitalists had warned. By 1916, profits doubled and sales continued to boom. “The payment of $5 a day for an eight-hour day was one of the finest cost-cutting moves we ever made,” he said. By 1921, Ford had half the U.S. car market and, thanks to falling costs and rising wages, the price of a Model T stood at about half the level of per-capita income. Ford pioneered a massive new industry whose wages set the tone for the country and turned Detroit into a high-wage metropolis.

More significantly, Ford’s heretical proclamation was the first in a series of acts of individual and collective action, from the private and public sectors, that improved the lot of the typical worker in America and helped pave the way for the broad-based prosperity of the second half of the 20th century. In the 1920s, acting out of a mixture of paternalism and self-interest, many large companies started pensions, began offering health-care benefits and clinics, and boosted wages. Government did its part, too. Legislation passed in the 1930s empowered unions and enforced a federal minimum wage. In the 1940s and 1950s, an entente between big labor and big government—the five-year, no strike, annual-raise, expanded-pension deal between General Motors and the United Auto Workers in 1950 became known as the Treaty of Detroit—led to further increases in living standards.

Of course, corporate America has largely forgotten Ford’s insight. Worse, it has made a concerted effort in recent years to drive down wages.

Until 1975, wages generally amounted to 50 percent of gross domestic product. Labor essentially held its own through the 1980s and 1990s; in 2001, wages still constituted 49 percent of GDP. But by 2012 they were 43.5 percent—a modern-day low. Median household income fell in both 2010 and 2011, and the median income for working-age households fell 12.4 percent from 2000 to 2011, to $55,640, a period in which the U.S. economy grew by 18 percent. The chart of wages as a percentage of GDP and corporate profits over the last several years looks like the gaping maw of a hippopotamus.

There’s something deep in our contemporary and political culture, in the public and private sectors, that supports the proposition that employers should pay as little as possible at all times, at every point in the economic cycle. In the aggregate, U.S. corporations are in a better position to pay higher wages than they have been at any time in recent history. But bosses have been choosing not to raise wages even when they can. “I always try to communicate to our people that we can never make enough money,” as Caterpillar CEO Doug Oberhelman put it. “We can never make enough profit.” Caterpillar notched record profits in 2012 and then in early 2013 bludgeoned its unions into accepting a six-year wage freeze.

Henry Ford was one of the largest employers of his day, and he stood foursquare for higher wages, paying more than the market forced him to. He established new benchmarks and standards. But today’s CEOs think nothing about paying non-subsistence wages and are shocked when anyone has the temerity to push back.

Here’s the thing. The human cost of low wages is obvious and has been extensively documented. But there are important economic and business costs to low wages that are far less clear and little understood. Many of America’s largest employers pay as little as possible, driving down the consuming power of their workers, and then wonder why their customers are unable to spend.

Were Henry Ford to come back to earth today, 100 years after he promulgated the $5 day, he’d be shocked and dismayed.
BunnySwanson

User ID: 73101119
United States
04/18/2017 12:06 AM
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Re: Hike in minimum wage prompts more closings of San Francisco restaurants
Also, taxes are up to nearly 10% on fast food and other restaurants. One ice cream cone, 1.00 plus 9 cents tax. It adds up.
Anonymous Coward (OP)
User ID: 74686499
China
04/18/2017 12:14 AM
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Re: Hike in minimum wage prompts more closings of San Francisco restaurants
Ford VOLUNTARILY raised wages for his workers. Minimum wage laws FORCE businesses to pay high wages at the point of a gun.
YouCantBeThatStupid
User ID: 72049703
United States
04/18/2017 12:20 AM
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Re: Hike in minimum wage prompts more closings of San Francisco restaurants
Thats what they said when Slavery was ended...Without slaves we cant harvest cotton..OH...The Doom!!!!...Without mexicans you'll never have another apple or strawberry...OOOOHHHH!!!!What will we do now?
Anonymous Coward
User ID: 72664315
United States
04/18/2017 12:20 AM
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Re: Hike in minimum wage prompts more closings of San Francisco restaurants
Ford VOLUNTARILY raised wages for his workers. Minimum wage laws FORCE businesses to pay high wages at the point of a gun.
 Quoting: Anonymous Coward 74686499


Which, when implemented in the mid-20th century, led to the biggest economic boom in the history of the world.

If you'd rather have your workers on taxpayer-funded welfare than pay a modern livinvg wage, fuck you.
Anonymous Coward
User ID: 47127262
United States
04/18/2017 12:21 AM
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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.
 Quoting: Bottom feeder 47127262


Ya I wonder why people can't see this as well. Especially the people on this site.

I got it about a decade before I found glp & I've been here only a few yrs.

Crazy as fuck!
 Quoting: Anonymous Coward 74703432


It's insanity.

Still believe in voting is just mind boggling.
Anonymous Coward
User ID: 47316448
United States
04/18/2017 12:23 AM
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Re: Hike in minimum wage prompts more closings of San Francisco restaurants
Fifty dollars an hour at least if all the newly created wealth had gone to people who work instead of people who own things.
 Quoting: Anonymous Coward 74684045


How do you think people came to own things?

They worked hard, moved up, and do more work owning things (24/7 job) than some moron operating a cash register.


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