|05-21-2017 09:57 AM|
if the left hadn't forced the economic imbalance; gentrification would be minimized
|05-21-2017 08:12 AM|
It's been an adventure.
|05-20-2017 10:40 PM|
|05-20-2017 10:38 PM|
|05-20-2017 08:46 PM|
No it doesn't. Those are independent.
Sent from AutoGuide.com Free App
|05-20-2017 12:51 PM|
Read about this restaurant in NY earlier this year...
Popular NY Restaurant Shuts Its Doors, Blames ‘Suffocating’ Gov’t Regs
A popular New York City restaurant is closing its doors after 25 years because of what the owners call a stifling regulatory environment that treats the restaurant as a “cash machine.”
China Fun, a Chinese restaurant in Manhattan, announced its Jan. 3 closure because of increases in minimum wage and a city atmosphere that treats “mom-and-pop” eateries like cash cows to pay for all the ills of society, Albert Wu, told reporters. Wu is a representative of China Fun.
“The climate for small businesses like ours in New York have become such that it’s difficult to justify taking risks and running — never mind starting — a legitimate mom-and-pop business,” read a letter posted by the owners in the Chinese restaurant’s front door.
“When we started out in 1991, the lunch special was $4 a plate,” Wu said. “Now it’s $10, $12. The cost of doing business is just too onerous.”
He cited one New York City regulation requiring China Fun to provide an on-site break room for workers despite its limited space as just one of the rules that helped kill the restaurant. The state and city government “seems to believe that we should be their cash machine to pay for all that ails us in society,” Wu added.
|05-20-2017 10:55 AM|
|05-20-2017 10:46 AM|
and in areas that don't have the same higher housing costs, the increased labor costs will be even more dramatic; increasing the cycle and destroying the working class by forcing them to uproot and move.
Don't worry though, it will impact the poor and racial minorities the most ya know, the ones evil fiscal conservative supposedly hate?
|05-20-2017 10:42 AM|
|05-20-2017 10:40 AM|
Exactly. Screwy can't read so good.
Screwy, I know all about the housing in San Fran. My brother lives there, in a house with 6 roommates (he's not a minimum wage earner)
The point of the article is that higher labor cost = less jobs.
Minimum wage is not to own a house, a car, and raise a family.
|05-20-2017 10:29 AM|
The reality is that the business that employ those folks are shutting down and thereby reducing the opportunity for any wages to be earned, leading to an exodus of working age and working class folks as they follow the jobs. fewer business and fewer people equals smaller pot and smaller revenues for the state.
the data in the article is well linked to personal stories to tie it together. hell, if you could afford to live 45 miles from work and commute then do that. if you can afford to live 10 miles and live with employed room mates, then do that....but those options don't exist if there are no longer business to provide the jobs
|05-20-2017 09:56 AM|
^^ As Paul Harvey would say, there's more to the story.
A minimum wage worker can't afford to live within 30 miles of the place.
Hell, I couldn't either.
|05-20-2017 09:43 AM|
Well this is a big surprise...
The Minimum Wage Eats Restaurants
A San Francisco ex-owner says: ‘There’s only so much you can charge for tamales.’
PHOTO: GETTY IMAGES
By Michael Saltsman
May 9, 2017 6:39 p.m. ET 465 COMMENTS
San Francisco’s ever-rising minimum wage—set to hit $15 next year—has restaurant owners asking for the check. “At Least 60 Bay Area Restaurants Have Closed Since September,” read a January headline at the website SFist, which partly blamed “the especially high cost of doing business in SF, with a mandated, rising minimum wage that does not exempt tipped employees.” Another publication, Eater, described the rash of recent closures as a “death march.”
Perhaps the highest-profile closure in San Francisco this year was AQ, which in 2012 was a James Beard Award finalist for the best new restaurant in America. Rising costs chipped away at the restaurant’s profitability, according to a report by Thrillist, driving down the profit margin from 8.5% in 2012 to 1.5% by 2015.
When San Francisco added its own municipal minimum wage in 2004—one of the first in the country—the operating assumption was that tourists and techies would pay the higher prices necessary to offset the cost of the city’s generosity. Last year the San Francisco Chronicle looked at 20 years’ of menus from top restaurants and reported that prices had jumped 52% since 2005, twice the rate of inflation. But increasing prices isn’t a panacea for restaurant owners. “There’s only so much you can charge for tamales,” the owner of a small eatery said in 2015 to explain one reason he was closing.
For some empirical backup, consider an April study from Michael Luca at Harvard Business School and Dara Lee Luca at Mathematica Policy Research. They used Bay Area data from the review website Yelpto estimate that a $1 minimum-wage hike leads to a 14% increase in “the likelihood of exit for a 3.5-star restaurant.”
Put differently, San Francisco’s minimum wage experiment may be dangerous for your favorite white-tablecloth restaurant—the kind of place where the food is exquisite and can command a premium—but it’s downright deadly for your local white-apron diner.
If there’s a silver lining to San Francisco’s culinary struggles, it’s that other cities, even ones run by Democrats, are realizing the arguments for a $15 minimum wage don’t match reality. In March, Baltimore’s mayor, Catherine Pugh, vetoed a measure that would have raised the local mandate to $15 by 2022. “I want people to earn better wages,” she told this newspaper. “But I also want my city to survive.”
California lawmakers have been less thoughtful in their approach. Under legislation passed last year the state will raise its wage floor to $15 an hour as soon as 2022. That mandate applies not only to the prosperous coast but also to the impoverished inland. California is already a net exporter of working-class residents. From 2000-15, the state lost a net 800,000 people living close to the poverty line, according to a Sacramento Bee analysis of Census Bureau data.
These families understand something that the City Council in San Francisco and the Legislature in Sacramento do not: New wage mandates and government benefits don’t mean much if you can’t find a job.
Mr. Saltsman is managing director of the Employment Policies Institute.
Appeared in the May. 10, 2017, print edition.
|05-18-2016 06:14 PM|
For $20, I get a hard working mofo.
Oh, and what's race got to do with it? Both groups are multicultural, although its the white kids that tend to be the losers.
Nixon tried that with his wage and price controls.
|05-18-2016 05:33 PM|
|05-18-2016 04:26 PM|
Question for Screwzer, Holocene and anyone else for raising minimum wage.
What would you opinion be if instead of having a minimum wage, we put a cap on the price of goods? Say a TV, no matter what type or size can not be more than $200. A car, no matter what type, size or features could not be more than $5000. If you are OK with the government coming in and telling a private business what something is worth, why not this?
|05-13-2016 07:34 PM|
If they weren't worth the $15/hr when it was twice minimum wage, do you think they'll magically work harder/better simply because now instead of working for twice minimum, they're back on the bottom working for minimum?
I'm with rockbuggy on this one, please explain how this makes any sense.
|05-13-2016 05:40 PM|
|05-13-2016 05:20 PM|
|05-13-2016 05:03 PM|
|05-13-2016 09:19 AM|
|05-13-2016 09:19 AM|
You do realize, that those day laborers that cost more then they are worth are now going to demand $15-20, and your $20 guys are going to demand $25+
I know you're a troll, but damn, I still can't help buy wonder if you've smoked yourself this stupid after all these years
 too slow
|05-13-2016 09:14 AM|
So what you're saying is that you have had people at $10 per hour that cost more than they were worth? Yet you support paying them $15 per hour. Please explain how that makes any sense.
The level of idiocy you reached here is hilarious
|05-13-2016 09:09 AM|
|05-13-2016 08:47 AM|
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