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Aeolus451 on 21 June 2017
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WolfpackN64 said:
Aeolus451 said:

That's false. If that was case then they would be making even more money since the keep charging more for the same services. Costs keep rising due to a multitude of things like unions, employee benefits, prices of materials, new taxes/fees, inflation,  etc. It's a fact.  For example, those $15/hr minium wage knuckleheads don't realize they'll lose a lot of jobs if that's implemented because it would increase the cost for businesses by a considerable amount. Mcdonalds would just become automated and everyone would suffer in some sense because of that. I can't imagine what their sandwhiches would taste like if that happened. haha. People need to learn how to be more pragmatic. 

Competition between countries for business. That's never gonna stop and it's a good thing in general. 

I already gave a solution. Just reduce costs for businesses to operate and have employees. It will solve itself. 

And I already explained to you in detail why that doesn't work.

http://www.seattletimes.com/business/retail/latest-study-seattles-wage-law-lifted-restaurant-pay-without-shrinking-jobs/

And maybe you should research things properly before spouting neoliberal nonsense.

..... Do you not read the articles that you source?

First of all, the new study was done by a professor from Berkeley of all schools..... A very liberal school that's been in the news not that long ago that suggests that the staff there might not be so objective on anything.

Further along in that article.

"A city-commissioned report by University of Washington researchers last year reached a more mixed conclusion.

That study said the law indeed helped to raise the hourly pay for low-wage workers.

But it also concluded that while the employment rate for such workers was better than the historical average due to the booming overall economy, the minimum-wage law itself appeared to have slightly lowered their employment rate and hours worked, relative to regional trends."

"Heidi Mann, who with her husband owns a Subway franchise near the Shoreline border, said she had seven employees, including her husband, two years ago. But she’s gradually had to let four of them go and is down to one full-timer, one part-timer and her husband, who’s working 60 hours a week and likely to take on more hours soon, she said.

Because she’s a franchisee, her Subway is considered a big business and must pay $15 an hour. “That’s why our prices are higher than the Subway in Shoreline or the mom-and-pop shop down the street,” Mann said.

She raised the prices of sandwiches an average of 86  cents to help offset the minimum-wage boost, and said she’s lost customers because of the increases."

 

It sounds like this isn't going so well. I'd like to see multiple studies done on this when the full 15 is affecting every business there for a bit. I also want to see how it affects overall hours per employee, weekly/monthly/yearly earnings etc in comparison to before the law took effect.