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Started By
Message
California's minimum wage hike blamed for Fosters Freeze store closing down
Posted on 4/8/24 at 12:59 pm
Posted on 4/8/24 at 12:59 pm
Everyone wants a piece of the pie, but they have no idea how the pie got there in the first place.
money wise
quote:
Worker laments she'd rather have the old wage because 'now we don't have a job'
quote:
A Fosters Freeze outlet in Lemoore shut down on Monday — the same day the new minimum wage kicked in — and its workers are now out of a job.
Some employees initially thought it was an April Fool’s joke.
“We had gotten a text in the group chat that we were shutting down, and I completely thought it was an April Fools joke,” former employee Jason Boado told KMPH Fox 26 News.
quote:
The substantial rise in minimum wage has made it challenging for small businesses to stay afloat.
“Small businesses can't survive a 120% plus min wage increase over the last 10 years. We are all more broke than we were 10 years ago its clear raising min wage isn't helping,” he wrote.
California has seen a consistent and significant increase in its minimum wage over the past decade. In 2014, the state’s minimum wage was $9.00 an hour. Today, it’s set at $16 an hour, rising to $20 an hour for fast food workers.
money wise
16
Posted on 4/8/24 at 1:00 pm to L.A.
*slow clap*
You voted for this, dumbasses.
You voted for this, dumbasses.
Posted on 4/8/24 at 1:01 pm to L.A.
It's a shame.
But frick California
But frick California
Posted on 4/8/24 at 1:06 pm to L.A.
Cause
Effect
LINK
quote:
California has seen a consistent and significant increase in its minimum wage over the past decade. In 2014, the state’s minimum wage was $9.00 an hour. Today, it’s set at $16 an hour, rising to $20 an hour for fast food workers.
Effect
quote:
However, the Golden State remains one of the most unequal in the nation. It has both billions of dollars in Silicon Valley and rampant homelessness. Its efforts to eliminate poverty instead accentuates it, and its tax system inadvertently aids those who are already wealthy. With the middle class leaving in droves, California society represents a modern feudal system of robber barons and the poor.
LINK
Posted on 4/8/24 at 1:07 pm to teke184
quote:
You voted for this, dumbasses.
Not everyone. There are probably more Conservatives in California than there are in Louisiana, Mississippi, and Alabama combined. The problem is that they are outnumbered by the Leftists in the state.
Posted on 4/8/24 at 1:08 pm to L.A.
Why couldn't someone have predicted this? 
Posted on 4/8/24 at 1:09 pm to L.A.
Labor is often the largest expense in running an operation such as that. From $9 to $20/hr for unskilled labor likely undermines the business model. If the break even on a soft serve ice cream is $10 or $20 for the burger meal combo, that business is history.
Posted on 4/8/24 at 1:09 pm to L.A.
quote:
A Fosters Freeze outlet in Lemoore shut down on Monday — the same day the new minimum wage kicked in
They hadn't lost a penny due to the new minimum wage.
Posted on 4/8/24 at 1:10 pm to L.A.
quote:
There are probably more Conservatives in California than there are in Louisiana, Mississippi, and Alabama combined. The problem is that they are outnumbered by the Leftists in the state.
Exactly and mail in ballots
Posted on 4/8/24 at 1:10 pm to TBoy
quote:
They hadn't lost a penny due to the new minimum wage.
But they can do math and figure out how much they would lose in a month based on this stupidity.
Posted on 4/8/24 at 1:11 pm to teke184
quote:
But they can do math and figure out how much they would lose in a month based on this stupidity.
So this was an anticipatory closing due to a wage they had never paid? That's rich.
Posted on 4/8/24 at 1:12 pm to TBoy
quote:
They hadn't lost a penny due to the new minimum wage.
Theyre smarter than you, they didnt wait.
Posted on 4/8/24 at 1:13 pm to TBoy
When wages go from $15 to $20-25* and hours are expected to stay the same, it is fairly easy to project out how much your cost floor goes up.
* - Wage numbers for example purposes only
* - Wage numbers for example purposes only
Posted on 4/8/24 at 1:13 pm to TBoy
quote:
So this was an anticipatory closing
Based on economics.
Did you trust the science in 2020?
Posted on 4/8/24 at 1:14 pm to TBoy
quote:
A Fosters Freeze outlet in Lemoore shut down on Monday — the same day the new minimum wage kicked in
They hadn't lost a penny due to the new minimum wage.
They saw the handwriting on the wall.
Are you suggesting that they should have waited until they actually lost money before closing down their business? This is a small business. That means that the life savings and financial future of the small business owner are at stake here.
Thanks for proving my point that Leftists have no clue where the pie came from
Posted on 4/8/24 at 1:15 pm to L.A.
quote:
Thanks for proving my point that Leftists have no clue where the pie came from
Indeed.
There are kids in HS who know more about econ than Tboy.
Posted on 4/8/24 at 1:15 pm to TBoy
quote:
They hadn't lost a penny due to the new minimum wage.
You dumb idiot.
Posted on 4/8/24 at 1:15 pm to TBoy
quote:
So this was an anticipatory closing due to a wage they had never paid? That's rich.
LowTsoy with that leftist intelligence
Posted on 4/8/24 at 1:16 pm to TBoy
quote:
So this was an anticipatory closing due to a wage they had never paid? That's rich.
Business owners doing projections is a surprise to you?
we know you’ve never owned a business. Posted on 4/8/24 at 1:16 pm to RogerTheShrubber
quote:
There are kids in HS who know more about econ than Tboy.
I think there is a Reagan quote applicable here about how much the left thinks they know but they don’t.
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