by Tim Worstall. We have been trying to tell people for some time now that raising the minimum wage just isn’t this costless exercise that so many seem to think it is. Raising that minimum wage means a pretty large amount of money flowing to one specific group of people in the economy. Which, given that we’ve not created any new money here, ... MORE
Showing posts with label minimum wage. Show all posts
Showing posts with label minimum wage. Show all posts
Higher Minimum Wage Leads To Price Rises And Job Losses
by Tim Worstall. We have been trying to tell people for some time now that raising the minimum wage just isn’t this costless exercise that so many seem to think it is. Raising that minimum wage means a pretty large amount of money flowing to one specific group of people in the economy. Which, given that we’ve not created any new money here, ... MOREFast Food Restaurant Responds To Minimum Wage Hike
by Kaitlyn Schallhorn. Some raise prices, others layoff workers. As San Francisco is set to raise its minimum wage to $15 over the next few years, Chipotle raised the price of its food. According to Investors Business Daily, Chipotle in San Francisco raised its prices as much as 14.4 percent as the Golden Gate City raised its minimum wage by 14 percent. ... MORE
The $15 Minimum Wage Would Cost 300,000 Jobs
by Tim Worstall. There’s an absolutely fascinating little piece of information in George Osborne’s budget over in my native UK. For it gives us a firm calculation of the number of job losses that will come from a rise in the minimum wage in that country. And we can adapt that estimate to the United States and the effect of the $15 an hour that is ... MOREWhy Should Government Demand Wage Rates Rather Than Let Individuals Be Free To Pursue Their Own Interests?
by Chuck Barnard. We should all be free to work for a business based on our personal criteria, including the wage they pay. What right do any of these progressives have to tell someone who would agree to work for another individual for a mutually agreed-upon wage that they can’t? How do they have the right to say to someone they must work for a ... MOREThe Effects Of The Minimum Wage Rise In San Francisco
by Tim Worstall. As we keep trying to point out to people there really isn’t anything even remotely resembling a free lunch when it comes to the discussion of wages and labor. Meaning that just because well meaning liberals wave their magic wand and decree that wages will rise there will indeed be countervailing effects. And in San Francisco, where ... MORECheerleaders To Get Minimum Wage Under California Law
by Justin Worland. Now, maybe the pretty girls will try out. New legislation in California would protect cheerleaders for professional sports teams from receiving low pay that some in the industry say amounts to less than minimum wage. The bill, the first of its kind in the nation, passed the California State Senate Monday and awaits the signature of ... MOREMcDonald’s Response To $15 An Hour Minimum Wage
by Farley Elliott. It seems that most of the online restaurant platforms looking to deliver us into the future are primarily aimed at just getting the world to interact less and less in person. Food delivery and personal meal apps are all the rage — and allow anyone to just sit at home in soiled sweatpants forever — as are reservation systems and payment ... MORENew York Democrats Begin To Realize Minimum Wage Means Maximum Unemployment For Low-Skill Workers
by Novell Rose. It is not about politics, it is about math. It happened in Seattle — pay goes up, business goes down. As Western Journalism reported about the city’s $15-per-hour minimum wage law, an article in Seattle Magazine raised the red flag about the red ink a number of local restaurants would be facing because of the increasing labor ... MOREBrian Doherty: L.A.'s Minimum Wage Hike: A Teaching Moment For Those Trying To Help The Underprivileged
Harder to do good for someone if it costs a lot more. A lightly annotated story from today's L.A. Times from the frontline of the politically connected trying to claim special exemptions from L.A's forthcoming minimum wage hike, which highlights not the corruption of the politically connected seeking special favors but the logic ... MOREKatie Kieffer: Lower The Minimum Wage To $0
Or, how to energize a floundering economy. If you love In-N-Out burgers and care about the workers who flip your burgers, then you should support a minimum wage of $0. Deep down, I know you’re tired of seeing actors jump up and down for TV cameras while waving professional signs that read: “McGreedy! McStingy! McPoverty!” or “McShame. ... MOREHow L.A.’s New Minimum Wage Could Hurt the Poor
by Monica Potts. A liberal argues that higher wages will just negate government subsidies. This week, the Los Angeles City Council voted to increase its minimum wage to $15 an hour, from the current $9, by 2020, joining the ranks of other liberal cities like Seattle and San Francisco who are acting despite federal inaction on the issue. But L.A. is the ... MOREWarren Buffett Knows Minimum Wage Hurts Workers
by Chris Matthews. Billionaire suggests education instead. Warren Buffett is a favorite of the American left for his support of
such policies as higher taxes on the rich and healthcare reform. But advocates for workers rights may be a little less pleased with the billionaire investor after he published an op-ed in The Wall Street Journal Friday, decrying ... MOREWalter E Williams: The True Black Tragedy
Keeping blacks on the liberal plantation. Hustlers and people with little understanding want us to believe that today's black problems are the continuing result of a legacy of slavery, poverty and racial discrimination. The fact is that most of the social pathology seen in poor black neighborhoods is entirely new in black history. Let's look ... MORESeattle Raised Its Minimum Wage, Now This Is Happening
by Meghan Raffa. As of April 1, the minimum wage in Seattle rose to $15. Small businesses have seven years to implement this change, while large companies must raise wages within the next two years. On one hand, it seems like a good thing that the government is mandating that low-income workers make enough money to help them meet ... MOREPizza Shop Goes Under Thanks To Minimum Wage Hike
by Tina Patel. On Seattle's minimum employment incentives. It may be one of the first casualties of Seattle’s new minimum wage law. The owner of Z Pizza says she’s being forced to close her doors, because she can’t afford the higher labor costs. Devin Jeran was happy to get a raise, when Seattle’s minimum wage went up to $11 an hour at the beginning ... MOREJ.D. Tuccille: Will The Minimum Wage Protesters Order Fries From Their Burger-Flipping Robot Replacements?
Going the way of gas attendants and theater ushers. The Momentum Machines website is low-key right now, but that may have something to do with high-profile arguments in the press and protests in the streets
demanding that fast-food chains pay workers $15 an hour to do the job
the company's robots are designed to fill. Even before ... MORENY Times Gets Confused About Minimum Wage Again
by Tim Worstall. The editorial page has been dumbed down. There was a glorious time, when America was young again, that the New
York Times actually had the right idea about the minimum wage. The rate
should be zero of course. No, really, here’s their headline: "The Right Minimum Wage: $0.00." That’s not an Op/Ed, that’s an editorial. ... MORE
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