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re: NY restaurants raising prices to cover minimum wage increase
Posted on 2/18/19 at 7:44 pm to Crimson Wraith
Posted on 2/18/19 at 7:44 pm to Crimson Wraith
No political ideology is immune from economics.
Posted on 2/18/19 at 7:44 pm to BlackHelicopterPilot
quote:
You just assumed that as long as we make "paltry $2.00 per hour increases" there will be NO consequences?
silliness
This type of bald faced foolery makes my head hurt.
Posted on 2/18/19 at 7:49 pm to Centinel
Dems want people out of work by design. The last thing they want is people having freedom. They’re not implementing policies bad for the economy because they are ignorant to its effects. They’re implementing with full knowledge that republicans will never win if the majority are on some form of welfare.
Posted on 2/18/19 at 7:58 pm to Crimson Wraith
What’s hilarious is the increases needed to offset those salary increases will directly effect those who got the increases... And just wait until they bitch about an increase in prices.
They are too stupid to understand action/reaction
They are too stupid to understand action/reaction
Posted on 2/18/19 at 7:59 pm to MoneyShaker
quote:
Because you know , $1-1.50 raise over 3 years or whatever isn't a big deal and can be absorbed
It is a much bigger deal than you can imagine it appears. Business margins are tight. They can’t just “absorb it” and have a healthy profit.
In a few months we will read about layoffs because of this, along with some places closing because they couldn’t “absorb” it.
Posted on 2/18/19 at 8:00 pm to Crimson Wraith
Sounds like these morons should stop voting for democrats. What do they expect to happen when you tax businesses and form them to pay their labor more?
Posted on 2/18/19 at 8:18 pm to Crimson Wraith
quote:I mean what do you expect would happen?
"Another increase, and I won't come back."
Posted on 2/18/19 at 8:26 pm to Tiger Prawn
You could always stop spending money on stupid coffee drinks altogether.
Posted on 2/18/19 at 8:26 pm to MoneyShaker
quote:I love this garbage.
can be absorbed.
Posted on 2/18/19 at 8:50 pm to Crimson Wraith
Can we reinvest that lost revenue? - AOC
Posted on 2/18/19 at 9:03 pm to MoneyShaker
quote:No, because it’s generally one employee who is adding more value to the business, thus earning a raise.
After all, do companies raise prices every time they give an employee a raise? Of course not.
This situation results in ALL employees getting a raise at the same time, even if they don’t deserve it by adding additional value by their labor.
Posted on 2/18/19 at 9:16 pm to Crimson Wraith
The chasm between the two different bases on basic economics knowledge never ceases to amaze.
Posted on 2/19/19 at 8:59 am to PsychTiger
"I’m guessing this also includes servers and bartenders in the city, so there is no longer any need to tip these folks."
EXACTLY!
EXACTLY!
Posted on 2/19/19 at 9:37 am to Hangover Haven
quote:
Who didn’t see that coming...
Rhetoricals I love 'em
Posted on 2/19/19 at 9:38 am to MoneyShaker
quote:
Because you know , $1-1.50 raise over 3 years or whatever isn't a big deal and can be absorbed.
Why should a business just absorb that extra cost anyways? It's the staff that's demanding more money for the same service. The business owner is still providing the exact same product that the customer was willing to pay for, which included a portion for the server. It's the servers then, who are essentially saying that they are worth more money for the exact same service to be provided, as the product didn't change. The value of a burger is set by the demand for prepared food, by the consumer. The consumers know that there is additional cost associated with a burger served at a sit down restaurant. Just like with the amount the consumer is willing to pay for a burger, there is also a limit the consumer is willing to pay to be served that burger.
Service is better at a low wage, and tips. People aren't going to tip much if any, knowing the server makes 15 an hour. Add to that, the quality of service will go down because even the ones willing to bust their arse for that extra dollar, aren't going to get tipped much. By raising the minimum so high, you basically take the quality out of the service.
Servers making money primarily off tips were more like independent contractors. They get paid a small amount from the business and then they are free to go earn what they want to make by providing a quality service.
In summary, the top earners are going to make less now, driving the quality out of service. The consumers aren't going to be willing to pay for bad service.
Again, the price of a burger is essentially set and it won't change from consumer perspective. The price of the service used to be set based on the quality of the service and paid with a tip. You can't force a tip down the consumers throat.
This post was edited on 2/19/19 at 9:40 am
Posted on 2/19/19 at 10:38 am to HempHead
Purchases are voluntary. Wages aren’t.
Paying livable wages to people working at the bottom rung of the job ladder will help their families dramatically, even if some prices go up in stores. And it will encourage more people to get off of government assistance and get jobs, because it will actually be worth it. The fact that some NY bourgeois restaurants will raise costs to offset their expenses isn’t the main point. The point is giving poor Americans a real out, thru hard work, instead of assistance programs.
Middle and Upper class people will buy what they’re gonna buy. If one store gets too expensive, they’ll shop somewhere else. It’s not like they are gonna stop buying espresso machines because it costs a little more. They will still spend their money. Stores that don’t find the supply/demand balance will fail. Tough shite. Stores that do find the balance will thrive, and create more jobs.
So much doom and gloom about price increases in this thread. Not one word about the benefit to our fellow Americans at the bottom of the socio-economic chain. That’s why I made my slavery post in jest. Not one word about the lives this would improve. You middle class chicken littles will be fine.
The socialists are not coming for your Kenny Loggins records.
Paying livable wages to people working at the bottom rung of the job ladder will help their families dramatically, even if some prices go up in stores. And it will encourage more people to get off of government assistance and get jobs, because it will actually be worth it. The fact that some NY bourgeois restaurants will raise costs to offset their expenses isn’t the main point. The point is giving poor Americans a real out, thru hard work, instead of assistance programs.
Middle and Upper class people will buy what they’re gonna buy. If one store gets too expensive, they’ll shop somewhere else. It’s not like they are gonna stop buying espresso machines because it costs a little more. They will still spend their money. Stores that don’t find the supply/demand balance will fail. Tough shite. Stores that do find the balance will thrive, and create more jobs.
So much doom and gloom about price increases in this thread. Not one word about the benefit to our fellow Americans at the bottom of the socio-economic chain. That’s why I made my slavery post in jest. Not one word about the lives this would improve. You middle class chicken littles will be fine.
The socialists are not coming for your Kenny Loggins records.
Posted on 2/19/19 at 11:06 am to Woody Glazer
I used to bill 15 an hour in Queens 5 years ago. Pay 8 ish
Posted on 2/19/19 at 11:12 am to PsychTiger
I agree, if they are making >10 hr then they should not be tipped. Service has gotten so bad anyway.
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