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MTP Reggie

NYC Workers Aren’t Jazzed About the $15 Minimum Wage

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MTP Reggie

NYC Workers Aren't Jazzed About the $15 Minimum Wage

Remso Martinez

March 6, 2019

TheAdvocates.org

 

<More Surprise Here>

 

At the beginning of 2019, some New Yorkers were excited for the minimum wage to jump from $13.50 to $15 an hour. However, the enthusiasm for that higher wage dropped as workers are now experiencing the impact of artificial wage increases on their wallets and job security.

 

According to TheBlaze, "Restaurants are raising prices to adjust for the higher salaries they must pay workers. But, they're increasingly worried about discouraging customers with too high of prices."

 

The artificial inflation of the minimum wage means that employers will have to pick up the tab to meet the expectations of the new law. When employers are forced by the government to increase the wage, they have to raise the prices on products and services at a rate inconsistent with consumer demand.

 

Because of this, employees are making "more money" but the prices of products and services around them will have to increase as well. All this means is that the cost of labor and products/services may look higher on face value, but the overall problem is that nothing is solved by this artificial intervention into the marketplace, where consumers and producers determine the price of goods and services based off the basic principles of supply and demand.

 

Jazz Saw at HotAir summed up this whole debacle perfectly, stating none "of this required a Ouija Board to figure out. If the government artificially drives up labor costs, the restaurants (who always operate on very thin margins) were going to have to make up for the surge in costs someplace. They could either fire some of the staff, reduce the hours they work, or raise prices. Usually, it was going to be some combination of all of them. But you can only operate a business with a skeleton crew for so long."

 

Over time the full effects of the minimum wage increase will show the full effects of the government intervention, but for now, employees are beginning to worry as to whether they'll even be able to keep their job as the market surrounding them becomes more difficult to live in.

 

(snip)

 

<More Surprise Here>

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erp

It’s like these consequences were some kind of unintended law or something?

 

How so very odd. ;)

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MTP Reggie

It's like these consequences were some kind of unintended law or something?

 

How so very odd. ;)

 

It's like democrats are the stupidest persons on the planet.

 

How so very odd. ;)

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Tikk

Nothing like a generous portion of Schadenfreude with my morning coffee.

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RedSoloCup

#Karma

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Natural Selection

The natural laws of economics aren't changed by progressive propaganda. They can theorize all they want about the benefits of a "living wage", but the fact remains that actions have consequences. Both intended and unintended. Pretending that the unintended consequences don't exist doesn't help their claim that they are the "party of science".

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First Sarge

Cause and Effect are racist, it is a plot of the White Cisgendered patriarchy.

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Squirrel

It’s simple that just wasn’t enough of a raise in Minn wage. Can’t you see if we made it 30$ an hour then it would work. Plus we’d get more tax revenue from them. It’s a simple win, win silly conservatives.

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DJGoody

It’s simple that just wasn’t enough of a raise in Minn wage. Can’t you see if we made it 30$ an hour then it would work. Plus we’d get more tax revenue from them. It’s a simple win, win silly conservatives.

 

 

 

I care more about that poor than you do! My proposal is $50 an hour!!!

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First Sarge

I care more about that poor than you do! My proposal is $50 an hour!!!

 

If we did that they would be middle class and we would tax them back into being poor again, so they would need to have a min wage increase again to make a living wage. See, its self perpetuating until we run out of other peoples money or everyone flees.

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GrimV

We clearly need fancy charts to explain why this simple logic is complete BS.

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MTP Reggie

We clearly need fancy charts to explain why this simple logic is complete BS.

 

Shouldn't you be out drinking somewhere? eyebrows.gif

Edited by MTP Reggie

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Squirrel

Sadly there a lot of minn wage workers not worth 1$ an hour. But hey that’s why we need to also look at increasing the amount we pay in welfare. It’ll all work out in the end I’m told.

Edited by Squirrel

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DJGoody

If we did that they would be middle class and we would tax them back into being poor again, so they would need to have a min wage increase again to make a living wage. See, its self perpetuating until we run out of other peoples money or everyone flees.

 

 

You just hate the poor! :nanner:

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67Mustang

So the democrats found the perfect way to stop Trump's un-employment fix?

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tailgunner

A raise that gets your hours cut isn't much help. But it does do two things. It stopped the tax increase local governments hope to gain from the wage increases and reduces the number of hours one has to work for the same money. All thing being equal, the hours lost have to be made up in some way. Either by raising the amount of work one has to do per-hour or increase the work force.

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Squirrel

Haven’t there been studies or complaints that minn wage workers get an increase then find out it cuts into thier goverment benifit, food stamps, etc and they get mad? I’m not positive on that but I know friends who won’t get a part time job because benifit pay more. I had one tell me he was on full welfare because he was a felon and therefor unemployable. Great system we have and that’s his only “disability” felon. Great system we have.

Edited by Squirrel

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BARman29

Pennsylvania (D) is ready to take the leap on minimum wage as well. *Sigh*

Edited by BARman29

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Bookdoc

We clearly need fancy charts to explain why this simple logic is complete BS.

Using common core math of course...

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AntonToo

Yep, NYC is doomed.

 

Unemployment is through the roof (4%),

Real estate is collapsing (record high),

Restraunts closing left and right (more open than ever)

Crime is out of control (lowest it's been since 1950's),

People are running over each other trying to escape (population keeps growing)

 

 

Like California, it will fall apart any day now...any day now..any day now..anyday...

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tailgunner

Yep, NYC is doomed.

 

Unemployment is through the roof (4%),

Real estate is collapsing (record high),

Restraunts closing left and right (more open than ever)

Crime is out of control (lowest it's been since 1950's),

People are running over each other trying to escape (population keeps growing)

 

 

Like California, it will fall apart any day now...any day now..any day now..anyday...

 

Must be why he BEGS Amazon to come back? Why beg everything's fine.......... Yup sure is.

 

http://gothamist.com/2019/03/01/report_amazon_cuomo_begs_bezos_to_g.php

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GrimV

Yep, NYC is doomed.

 

Unemployment is through the roof (4%),

Real estate is collapsing (record high),

Restraunts closing left and right (more open than ever)

Crime is out of control (lowest it's been since 1950's),

People are running over each other trying to escape (population keeps growing)

 

 

Like California, it will fall apart any day now...any day now..any day now..anyday...

 

Here's the point in case you missed it: The people who got their "living wage" are now taking home LESS money after getting their hours cut.

 

Bang-up job screwing the poor once again.

 

 

 

 

 

 

 

 

 

Am I the only one who finds it flat out hysterical how the Left consistently f**k over the very people they claim to wanna help?

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grimreefer

Using common core math of course...

Seems legit...

 

http://www.youtube.com/watch?v=Nlfa5v3ullg

 

gallery_6133_220_48.jpg

Edited by grimreefer

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oki

Yep, NYC is doomed.

 

Unemployment is through the roof (4%),

Real estate is collapsing (record high),

Restraunts closing left and right (more open than ever)

Crime is out of control (lowest it's been since 1950's),

People are running over each other trying to escape (population keeps growing)

 

 

Like California, it will fall apart any day now...any day now..any day now..anyday...

 

 

Your forgot to mention that BOTH STATES are losing people, ESPECIALLY THOSE WHO ACTUALLY PAY TAXES.

 

Oki

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