Posted on 07/24/2009 6:57:18 PM PDT by SeekAndFind
So today the minimum wage goes up by government mandate. What a time for celebration, right? What wonderful compassion is being show by our government, right?
We have no idea whether any workers will actually make more money as a result. But consider what is really happening today that we know for sure:
A: Small business owners just took a pay cut.
B: Some hourly workers will get less hours.
C: Some hourly workers will get laid off.
D: Some union contracts just got raised.
E: None of the businesses affected will have one more penny in sales volume as a result.
F: There has still never been a sighting of the mythical "family of four trying to make it on one minimum wage income."
G: If such a family were sighted, they still could not make it on one minimum wage income.
Isn't government intervention into the economy fantastic?
My local ice cream store owner is really happy. One of his employees quit last month, so he doesn’t have to fire anyone.
One less job in the neighborhood, but at least we don’t know who is unemployed because of it.
Yup, fast food places, ice cream stores, cleaning services - 1 job at a time, all gone.
LOL! I think you’re right. But have you seen what passes for optimistic news lately? Less people looking up the great depression on google. Sales fell less than what we thought. OMG, if the unemployment checks run out.
parsy.
dim-wit, you could have 25 employees, 5 of which are newbies (minimum wage)...and face all the repurcussions of the inane minimum wage laws....NOW, you must also raise the wages of ALL other employees to keep them at a respectable level above your newest.....could cost you thousands with no additional income to compensate for it.....Obama’s way to increase jobs.....NOT....PATHETIC
$560... no, cuz when wages go up so do the payments for medicare and social security and stuff
That doesn’t take higher ss and medicare payments either
“Enjoy your $8 Big Mac value meal.”
I usually try to count how many people are working at the McD’s I go to. Usually they’ve got 12-15 people on duty.
I’m sure they could get by with one or two less and still feed people.
Other businesses, maybe not.
Brand-spanking new 60,000 sq. foot office bldg. across the street. Mexicans putting the finishing touches on landscaping the other day. Not a single tenant.
And then those one or two will go on the JOBLESS role and WE get to FEED them!
You make an excellent point here about the "domino effect" on other employees. Liberals love feel good legislation; they literally don't care about its real impact or unintended consequences.
With luck, it will fill up with bankruptcy lawyers.
parsy
Ever noticed how many self-serve restaurants and gas stations there are? Think that has nothing to do with the minimum wage?
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