Hike in minimum wage prompts more closings of San Francisco restaurants

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.

people don't have the skills to provide that much added value

prices go up on everything, especially energy and food.

Wages goes up to try and catch up and the whole thing falls apart?




The only raise I got was being moved up to the second floor.

Eating out will become obsolete. Home cooking and dining with friends at home will replace restaurants.

30 to 40 bucks an hour?

Hell 40$ is gone in fuel and the tank is not even full..

with inflation minimum wage needs to be at 30 an hour so you can afford a 1 bed room apt.

Fifty dollars an hour at least if all the newly created wealth had gone to people who work instead of people who own things.

Because margins were higher in the 70s due to less gov bs!

it doesn't matter what gas costs, what matters is if you can add value.

Why is reality not like I think it should be!! Why? Why?

Why does the supply and demand curve work when I think it shouldn't?

Why am I driving out of business the smaller/poorer independent restaurants who can't take advantage of economies of scale more than the 1%'er restaurants?

Why does arbitrarily setting a price for something usually create a shortage or a surplus?

Why do I not care when restaurants close down and have no pity and not understand that the owner just had to fire a bunch of minimum wage employees who will earn ZERO PER HOUR.

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.

Increases in productivity made manufacturing workers more valuable, and their wage increases were NOT mandated by government. When wage increases ARE mandated by government, businesses reduce the number of jobs or go out of business. If you don't like the damn job, then don't take it. Yes, some business owners and managers are slave drivers and complete assholes, but what's the fucking alternative? Go to work for North Korea, I hear its a worker's paradise.

yep once all the gold was gone outta Knox the currency went all to sheeeet!

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.

Serfdom is Ur lot in life if the Globalists get their way.

the alternative

is not go to work and withhold taxes and moneys from the system.

The real power lays with the peoples labor, once that is realized..we get our power back.

sadly a reset is needed or the can gets kicked down the road...pensions are crashing\war is coming. so real doom is well on its way.

i save my work for myself and not their carrot that pulls their wagon.

There's your serfdom. Having the government pay you a minimal amount to sit in a double-wide with no exit while the people who own the robots and the government protected monopolies party in their gated communities...when they aren't traveling.

With the government setting the rules on what you can and can't do...can and can't eat...can and can't smoke...can and can't own.

That ain't going to work for long.

It did.

Manufacturing moved to asia.

Check your TV, computer, car...etc

FACTS trump idiot SJWs every time...

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;

add value to who's company?


so restaurant workers do not add value?

yeah so you have to pay 30 to 40$ a plate at you favorite place so the minimum wage workers can afford a place live and a car to drive...every where you go you get nickle and dime to death with fees and taxes.

obviously there is a bigger issue at hand here.


prices go up and wages stagnate..gee where will that lead us too?

A better minimum wage is the only alternative.

It doesn't damage good businesses because it is a level playing field.

No business suffers any more than any other business, because they all must pay the wage.

The object for the business then becomes to hire the best employees.

There would be more unemployment, but people would sort it out the best way available. Women would stay home to raise and educate children, cook meals, clean house, etc., and men would be able to support them.

Bad employees would quickly be fired.


People would rise to the occasion, and the economy would go like a powerhouse.

Money would really trickle down to people who work, and it would be very difficult to maintain mansions, luxuries, and wealth.

Men without families would accumulate enough capital to make capitalism work through innovation and entrepreneurship.

That's the way it used to be.

NAFTA?

Honestly, they were gonna close anyways. All this s**t is gonna close, retail, auto shops, we headed for a friggin mega depression, nobody's got money to be eating and shopping except the ultra rich.

My son works for a richey-rich 5* restaurant in SF and they are doing "great" business, record bookings even, and just again "raised" their prices. Minimum wage didn't hurt anything because no one can pay their bills with it anyways, and as far as "competition" that minimum wage "used" to hurt, well, we don't have a "free market" anymore, so minimum wage doesn't have the effect it used to because no matter what the wage is now, there will be people who will work for $2.00 an hour, the corporations don't have to "compete" for workers anymore.

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!!!!!!!!

Last Edited by Cuckslayer on 04/17/2017 09:16 PM

Good how many faggy restaurants do we need ? Let the shitty ones go and let the best ones stay open -

most small biz, borrow money to make payroll, Obama had a hay day fucking the little guy over.

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.

You are WRONG!!! The minimum wage does not produce a "level playing field." It weeds out smaller business, thereby giving more power to large businesses and corporations. The long term effect is a reduction in competition and therefore a LOWERING of wages. Don't believe me? Look at the results of rent control - HIGHER RENTS!!!!

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?

You really miss the point of sharpness.