San Francisco Becomes First US City With $10 Minimum Wage

[Hantlers]

https://abcnews.go.com/Business/wireStory/sf-us-city-top-10-minimum-wage-15136943#.TubFKmB5ll0


Absolutely ridiculous IMO. Just going to increase the cost of living, which is already high there.

 

[The Thriller]

I agree. The only way to get the cost of living down is to abolish all minimum wage and child labor laws. And all environmental regulations.

How dare the city of SF tie its minimum wage to the cost of living!

Oh, by the way, do you have any concept how expensive it is to live in the bay area?

When will America wake up? CEO profits are record highs yet why is the rest of this country in the crapper?

 

[Scat]

I agree. The only way to get the cost of living down is to abolish all minimum wage and child labor laws. And all environmental regulations.

How dare the city of SF tie its minimum wage to the cost of living!

Oh, by the way, do you have any concept how expensive it is to live in the bay area?

Having lived in So Cal I know how much more expensive it is to live in So Cal compared to living in Utah. Also, having run a business in So Cal I know that forcing me to pay more for my workers will increase the cost of my services thereby making my services more expensive thereby negating any increase in pay that the minimum wage flunkies make as they can't afford my services now. It's all co-dependent. You force me to pay more, I am forced to charge more and you are forced to pay more and those that can't afford it are the same as before you forced me to pay more.

When you actually run a business get back to me.

 

[The Thriller]

Having lived in So Cal I know how much more expensive it is to live in So Cal compared to living in Utah. Also, having run a business in So Cal I know that forcing me to pay more for my workers will increase the cost of my services thereby making my services more expensive thereby negating any increase in pay that the minimum wage flunkies make as they can't afford my services now. It's all co-dependent. You force me to pay more, I am forced to charge more and you are forced to pay more and those that can't afford it are the same as before you forced me to pay more.

When you actually run a business get back to me.

Your point actually might have some merit if businesses were struggling right now. Unfortunately, for you, many businesses are flourishing... And have been, for years and years!

The problem is, CEOs might have to accept a smaller profit margin.

Cry me a river when you can only make $20 million instead of $30.

The class warfare against the poor and middle-class continues while we "ignore" the wizard behind the curtains making millions, laughing all the way to his congressmen (and slipping him a big wad of cash for "free speech" since corporations are people dontchaknow?), and if it fails, we socialize the losses and he receives a gigantic golden parachute.

 

[trigg3r]

Your point actually might have some merit if businesses were struggling right now. Unfortunately, for you, many businesses are flourishing... And have been, for years and years!

The problem is, CEOs might have to accept a smaller profit margin.

Cry me a river when you can only make $20 million instead of $30.

The class warfare against the poor and middle-class continues while we "ignore" the wizard behind the curtains making millions, laughing all the way to his congressmen (and slipping him a big wad of cash for "free speech" since corporations are people dontchaknow?), and if it fails, we socialize the losses and he receives a gigantic golden parachute.

How I wish I were as clueless and naive as you. Like Scat says, run a business and get back to him. Many businesses are flourishing? That's news to the whole nation.

 

[freakazoid]

. Also, having run a business in So Cal .

10 bucks says it was something involving dudes in leather biker caps and *** chaps.

 

[Scat]

10 bucks says it was something involving dudes in leather biker caps and ***-less chaps.

You're correct. Now send me my 10 bucks.

 

[bordelais7]

Raising the minimum wage is the ultimate "feel-good" measure which succeeds in fooling the tufftigers of the world that "we politicians are finally looking out for the little guy". The reality is that it's a sham, and that it more than likely actually hurts the poor population.

 

[One Brow]

From what I recall of the evidence, raising the minimum wage reasonably does not affect employment rates while improving the standard of living. I have no ide if $10 is reasonable for San Francisco.

 

[bordelais7]

From what I recall of the evidence, raising the minimum wage reasonably does not affect employment rates while improving the standard of living. I have no ide if $10 is reasonable for San Francisco.

Curious as to where this recollection originates, as it runs counter to pretty much every economic study I've ever seen. At best it has no effect -- at worst, employers compensate by cutting staff or benefits. Also remember that the college/pre-college population generally doesn't figure into unemployment statistics, and take a look at the numbers describing how increasingly difficult it is for that segment to find employment -- partially because they're not worth the minimum.

Also, I'm setting the over/under for the "hey, $19/hr minimum works in Denmark!" argument to be thrown out within the next 6 posts, "Socialism" in the next 4, and "wake up America CEO profits etcetera!" in the next 1 or 2. By page 4 of this thread we'll get down to the real underlying issues of abortion, Mormonism, and the inevitable extinction of laptops. I'm betting $10,000.

 

[LogGrad98]

Your point actually might have some merit if businesses were struggling right now. Unfortunately, for you, many businesses are flourishing... And have been, for years and years!

The problem is, CEOs might have to accept a smaller profit margin.

Cry me a river when you can only make $20 million instead of $30.

The class warfare against the poor and middle-class continues while we "ignore" the wizard behind the curtains making millions, laughing all the way to his congressmen (and slipping him a big wad of cash for "free speech" since corporations are people dontchaknow?), and if it fails, we socialize the losses and he receives a gigantic golden parachute.

Suddenly every single person in America who "runs a business" makes $30 million per year? Wow my dad will be happy to know that he doesn't have to run his 8-person print-shop much longer, what with all the millions suddenly coming in that he never had before.

Are you really that ignorant of reality, or just that heavily indoctrinated in the standard liberal "ugh, business bad, ugh, government good" dogma?

 

[LogGrad98]

I know if my dad suddenly had to pay any of his 7 employees more money (I think he has 3 or 4 at minimum wage now) he would have to cut at least one person to be able to pay the rest. That is not an insubstantial amount, from the $7 range to the $10 range. Extrapolated over a year is $6200 per employee or so that you might have at minimum wage. For mid-sized and small businesses that will have a real impact. You know, the businesses owned by the "middle-class" business people. The bigger organizations will be able to absorb it ok, but the smaller guys will feel it for real. Talk about warfare on the middle class, this directly impacts middle-class business-owners in a negative way. As One Brow said, I have no idea if the SF area can handle that level of an increase, but I sure hope the small-business owners are able to adjust without needing to let go too many people.

Seems a strange time to do something like that, that at best will have a neutral impact on jobs, at worst will cost jobs, when the biggest issue we have right now is not how much people are being paid, but how many people are out of work.

 

[Scat]

Curious as to where this recollection originates, as it runs counter to pretty much every economic study I've ever seen. At best it has no effect -- at worst, employers compensate by cutting staff or benefits. Also remember that the college/pre-college population generally doesn't figure into unemployment statistics, and take a look at the numbers describing how increasingly difficult it is for that segment to find employment -- partially because they're not worth the minimum.

Also, I'm setting the over/under for the "hey, $19/hr minimum works in Denmark!" argument to be thrown out within the next 6 posts, "Socialism" in the next 4, and "wake up America CEO profits etcetera!" in the next 1 or 2. By page 4 of this thread we'll get down to the real underlying issues of abortion, Mormonism, and the inevitable extinction of laptops. I'm betting $10,000.

This post is like putting up the bat-**** crazy signal. KOC Begone will be here momentarily.

 

[Scat]

Suddenly every single person in America who "runs a business" makes $30 million per year? Wow my dad will be happy to know that he doesn't have to run his 8-person print-shop much longer, what with all the millions suddenly coming in that he never had before.

Does this mean you're part of the 1.5%?

 

[bordelais7]

Are you really that ignorant of reality, or just that heavily indoctrinated in the standard liberal "ugh, business bad, ugh, government good" dogma?

The way you phrased that question makes it seem as if the two options are mutually exclusive.

 

[Scat]

Are you really that ignorant of reality, or just that heavily indoctrinated in the standard liberal "ugh, business bad, ugh, government good" dogma?

I assume this is rhetorical with a choice simply for effect?

 

[Hantlers]

I know if my dad suddenly had to pay any of his 7 employees more money (I think he has 3 or 4 at minimum wage now) he would have to cut at least one person to be able to pay the rest. That is not an insubstantial amount, from the $7 range to the $10 range. Extrapolated over a year is $6200 per employee or so that you might have at minimum wage. For mid-sized and small businesses that will have a real impact. You know, the businesses owned by the "middle-class" business people. The bigger organizations will be able to absorb it ok, but the smaller guys will feel it for real. Talk about warfare on the middle class, this directly impacts middle-class business-owners in a negative way. As One Brow said, I have no idea if the SF area can handle that level of an increase, but I sure hope the small-business owners are able to adjust without needing to let go too many people.

Seems a strange time to do something like that, that at best will have a neutral impact on jobs, at worst will cost jobs, when the biggest issue we have right now is not how much people are being paid, but how many people are out of work.

This. This right here.

 

[Mission Accomplished]

Wow, I hope they don't all start buying mansions.

 

[Jazz Spazz]

This post is like putting up the bat-**** crazy signal. KOC Begone will be here momentarily.

Wow, I hope they don't all start buying mansions.

Scat, are you KOC BEGONE in your spare time?
Did you send up the KOC BEGONE signal in Gotham City?

That's just eerie.

 

[LogGrad98]

I assume this is rhetorical with a choice simply for effect?

Meh, either/or.