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Started By
Message
Restaurant die-off is first course of California’s $15 minimum wage
Posted on 6/19/17 at 1:03 pm
Posted on 6/19/17 at 1:03 pm
quote:
As the $15 minimum wage becomes law, many restaurants will find it impossible to make a profit and will close. It’s already happening in coastal communities that have increased wages.
quote:
The result of one early experiment in a citywide $15 minimum wage is an ominous sign for the state’s poorer inland counties as the statewide wage floor creeps toward the mark.
Consider San Francisco, an early adopter of the $15 wage. It’s now experiencing a restaurant die-off, minting jobless hash-slingers, cashiers, busboys, scullery engineers and line cooks as they get pink-slipped in increasing numbers. And the wage there hasn’t yet hit $15.
As the East Bay Times reported in January, at least 60 restaurants around the Bay Area had closed since September alone.
quote:
A recent study by Michael Luca at Harvard Business School and Dara Lee Luca at Mathematica Policy Research found that every $1 hike in the minimum wage brings a 14 percent increase in the likelihood of a 3.5-star restaurant on Yelp! closing.
Full Story - The Fresno Bee
33
Posted on 6/19/17 at 1:04 pm to Will Cover
But they said that wage increases had no direct impact on businesses!!!!!
Posted on 6/19/17 at 1:05 pm to Will Cover
Can't wait for the robots to take over
Posted on 6/19/17 at 1:05 pm to Will Cover
to be fair, restaurants are dying off anyway
there is probably some overlap, but it's a very unstable industry right now
there is probably some overlap, but it's a very unstable industry right now
Posted on 6/19/17 at 1:05 pm to Will Cover
Surprised, I am not.
Posted on 6/19/17 at 1:06 pm to 50_Tiger
quote:
But they said that wage increases had no direct impact on businesses!!!!!
Big government overstepping and killing an economy. No way a restaurant owner can absorb that kind of cost. And no way should a customer have to pay x number of dollars more for the same type of product that may be marginal at best (and was well suited for the price point they were at before the wage increase).
Posted on 6/19/17 at 1:06 pm to SlowFlowPro
How so? Are you referring to fine dining or neighborhood type joints?
Posted on 6/19/17 at 1:07 pm to Will Cover
Those people should go out and get a useful skill that is in demand.
Posted on 6/19/17 at 1:07 pm to Will Cover
they may be dying off, but adding a few bucks to the minimum wage is not he reason why
Posted on 6/19/17 at 1:08 pm to Will Cover
Let me guess, you find the owners of the restaurants are racist because theyd rather close than take out loans and pay their black employees out of their own pockets even without revenue or profit?
Posted on 6/19/17 at 1:08 pm to Will Cover
Restaurants are dying across the country. Very slim profit margins
Posted on 6/19/17 at 1:11 pm to Will Cover
$15 an hour and still can't get orders right half the time..They'll soon be replaced by kiosks anyway.
Posted on 6/19/17 at 1:23 pm to Will Cover
quote:
jobless hash-slingers
huh I always thought that seemed pretty lucrative
Posted on 6/19/17 at 1:25 pm to Will Cover
Decisions have consequences.......bad decisions usually aren't good for the economy
Posted on 6/19/17 at 1:27 pm to Will Cover
Another asinine social engineering experiment brought to you by the Democrat party
Posted on 6/19/17 at 1:28 pm to Box Geauxrilla
walkons waiteresses use to make $2.13 an hour, thats ways away from $15.A sk me how I know:
$2.13 Baby
$2.13 Baby
Posted on 6/19/17 at 1:29 pm to jdeval1
Guess it's a good thing that liberal California has the highest state gdp in the country
Silly leftists
Silly leftists
Posted on 6/19/17 at 1:31 pm to Will Cover
wait ! paying employees more cuts into the business' profits?
Posted on 6/19/17 at 1:31 pm to Will Cover
It's absolutely no surprise that the people who advocated for this also vote this into office all the time
We need to pass the $15 MW to see what effects it has on business!!!!!
We need to pass the $15 MW to see what effects it has on business!!!!!
Posted on 6/19/17 at 1:42 pm to Will Cover
I just got back from Cali and this has no validity at all. Lots of signs in restaurants looking for workers. And we eat at cheap places.
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