Showing posts with label price controls. Show all posts
Showing posts with label price controls. Show all posts

Steve Berman: ‘McJobless In Seattle’ As Order Screens Arrive: Labor Day Reality Check For $15 Minimum Wage

Minimum wage results in maximum unemployment.  While it seems liberals may think that raising the minimum wage will raise living standards for poor Americans, they should have seen this coming. With Los Angeles joining Seattle in setting a $15 minimum wage (Los Angeles by 2020, and Seattle by 2021), it stands to reason that McDonald’s   ... MORE

More Unemployment Ahead As Minimum-Wage Offensive Will Likely Speed Arrival Of Robot-Powered Restaurants

by Lydia DePillis.   Crowded. That’s how Ed Rensi remembers what life was like working at McDonald’s in 1966. There were about double the number of people working in the store — 70 or 80, as opposed to the 30 or 40 there today — because preparing the food just took a lot more doing. “When I first started at McDonald’s making 85 cents an  ... MORE

Fast 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   ... MORE

The 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   ... MORE

Cheerleaders 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   ... MORE

McDonald’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  ... MORE

Brian 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    ... MORE

Katie 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.     ... MORE

How 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  ... MORE

Warren 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   ... MORE

Greg Markle: Dentist Under Fire For Not Charging Enough

The ugly reason behind licensing laws.     A licensed dentist and orthodontist in Arkansas was told that he would lose his license after offering low-cost teeth cleanings to anyone without health insurance. Dr. Ben Burris runs eleven orthodontist offices in Arkansas. He started offering teeth cleanings for $69 for kids and $99 for adults in 2013, a    ... MORE

Seattle 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  ... MORE

Pizza 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  ... MORE

Do We Want High Prices Or Low Prices?

by Fernando Herrera-Gonzalez.      Prices should be signals, not manipulations. In an almost daily debate over economic and monetary policy politicians complain if prices — such as home prices — do not rise, and some complain if they think other prices — such as health care prices — are going up too much. This situation begs the question:    ... MORE

J.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   ... MORE

NY 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

Ronald Bailey: Minimum Wage and Magical Thinking

No one can defy the law of demand.     If all other factors remain equal, the higher the price of a good, the fewer people will demand it. That's the law of demand, a fundamental idea in economics. And yet there is no shortage of politicians, pundits, policy wonks, and members of the public who insist that raising the price of labor will not have the  ... MORE