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Posted on 4/2/24 at 12:29 pm to fareplay
quote:
The delta from their current wage of ~15 to this reduces the impact significantly.
That’s a 33% increase. That’s huge.
quote:
Managers at fast food make 60k+ on average. This brings the hourly worker assuming 30 hour weeks (no benefits) to roughly 31k.
In order for the manager to make the equivalent rate they were making compared to the hourly, unskilled/low skilled labor would be nearly $80K/year.
quote:
This is more likely to be better for ca than not.
How, when the cost of everything sold at minimum wage employing business will need to increase at the same % to cover the new costs of labor?
quote:
What’s the point of making so much money if all the lower income people can’t afford to live there and therefore leave?
You think skilled labor isn’t going to increase rates consummately with unskilled rates? Raising minimum wage is going to do 2 things,
1) increase the price of everything to cover the cost of labor
2) result in fewer low skilled, repeated jobs through automation as now the cost of automation is going to be closer to the cost of labor
What I predict will happen is this, the price of everything fast food related will go up, and fewer people will have fast food related jobs, meaning fewer people will have money to buy fast food.
This will ultimately lead CA to enacting larger and larger state funded and run welfare programs for unemployed/under-employed
Posted on 4/2/24 at 12:29 pm to CatfishJohn
quote:
Those businesses will suffer and those jobs will evaporate.
They'll automate and lay off all their employees.
Posted on 4/2/24 at 12:31 pm to Oilfieldbiology
quote:
1) increase the price of everything to cover the cost of labor
2) result in fewer low skilled, repeated jobs through automation as now the cost of automation is going to be closer to the cost of labor
Indeed.
Yet this clown says he has a masters in econ.
This post was edited on 4/2/24 at 12:32 pm
Posted on 4/2/24 at 12:32 pm to fallguy_1978
Edit
This post was edited on 4/2/24 at 12:34 pm
Posted on 4/2/24 at 12:32 pm to dj30
quote:
Fareplay in here owning yall. I need to buy this man a beer.
He probably needs it. This is the same poster that can't figure out how to live on an income of 1 million per year
Posted on 4/2/24 at 12:33 pm to Smeg
quote:
Then why do we need to increase minimum wage?
We dont.
Min wage is for people with zero skill or education.
Posted on 4/2/24 at 12:33 pm to Smeg
quote:
Then why do we need to increase minimum wage?
I think the minimum wage should be $0.
Posted on 4/2/24 at 12:33 pm to Chucktown_Badger
Spot on. My starting manager pay has to be above what a cook makes at 40 hours. If we want people to co sides our positions the pay has to go up
Posted on 4/2/24 at 12:36 pm to fallguy_1978
quote:
I think the minimum wage should be $0.
I replied to you, accidentally thinking it was coming from fareplay.
Posted on 4/2/24 at 12:36 pm to fallguy_1978
quote:
I think the minimum wage should be $0.
Bingo.
Also force the feds to have a balanced budget, sans economic collapse.
Posted on 4/2/24 at 12:36 pm to Deactived
Somebody actually pays that idiot a 7 figure income?
Posted on 4/2/24 at 12:36 pm to fallguy_1978
quote:
I think the minimum wage should be $0.
Concur.
Posted on 4/2/24 at 12:38 pm to fareplay
quote:
You old bums can’t relate to anything these days.
quote:
by fareplay
Aren't you the guy always asking for financial advice here because you can't seem to save a penny?
Posted on 4/2/24 at 12:39 pm to DownshiftAndFloorIt
Pays my wife and I ***
Posted on 4/2/24 at 12:41 pm to fareplay
quote:
This is more likely to be better for ca than not.
Posted on 4/2/24 at 12:42 pm to DownshiftAndFloorIt
He makes 300+ and his wife makes 700k.
Which is probably complete bullshite
Which is probably complete bullshite
Posted on 4/2/24 at 12:44 pm to dj30
quote:
dj30
Darrylina is that you?! It’s been a while, GIRL.
Posted on 4/2/24 at 12:44 pm to Deactived
Oh, ight. I assumed it was bullshite but that read like you knew something I didn't.
Posted on 4/2/24 at 12:46 pm to fareplay
quote:
It may be surprising to you but I have a masters in Econ and stats.
Then posts this: How much money do i need to retire comfortably....
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