Posted on 01/31/2019 7:08:03 AM PST by lowbridge
The result of the Fight for 15 movement in New York City has finally gone into effect. The minimum wage jumped by 15% in many cases, to $15 per hour this month. This mostly affects employers of lower skill level workers, particularly in the food service and beverage industries. And now that labor costs have risen, restaurants from fast food joints to upper-end fine dining establishments have raised their prices. As a result, some people have had to make adjustments in their budgets and lifestyles, going out to eat less often and bringing their own lunches to work.
As you might imagine, that’s not only been annoying for the customers. It’s impacting the restaurant business as well. (NY Post)
New York City’s hotly contested minimum wage increase to $15 — up from $13 or $13.50, depending on employer size — rolled out citywide at the start of the year. And although that’s good news for NYC restaurant servers, patrons are grumbling about its impact on menu prices at their favorite eateries.
Ahead of the wage hike, the NYC Hospitality Alliance conducted a survey of 574 local food establishments in late 2018. They found that 87 percent of respondents planned to increase menu prices this year to offset the minimum wage bump. True to their promise, the cost of food has risen at various spots around the city.
(Excerpt) Read more at hotair.com ...
Why does it cross the line? Nobody stays in business and loses money year after year. You do that because you will start to make money eventually( potential) or you are really raking it in and acting like poor pitiful me. Nobody drives themselves into poverty when they could work for another business as an employee. I think “pride” has a role here.
“The progressives in the Seattle did the same thing a few years ago with the same result. How many times does a simpleton have to put his/her fingers on a hot stove before realizing it will burn?”
Not only did they do this, but they also produced a report on which turned out to be a flat out lie.
That is total crap !
If you looked around Central Va. you could find 100 small business that went under for your 3.
Take off the blinders put away you emotional based BS and grow up.
Imagine that........socialist policies have consequences....
Do I really need to explain?
I never said small business didn’t go out of business but my experience is different. I mean if a nail salon goes under does it count the same as a mechanical contractor?
Back in the day when I worked for a conglomerate that owned restaurants the spreadsheets reflected labor cost as 50% of operating expenses—not sure if that is still true but 25% sounds a bit low.
Well, duh!
My wife and I rarely go out to eat. We're retired on fixed incomes so it is always cheaper for us to eat at home.
Even then, it's just the two of us and we seldom cook whole meals to sit down to at home either. More like grazing when we're hungry. We must get that habit from the cattle we raise on our farm. :-)
With our own beef in the freezer, fresh eggs from the chickens, fresh fruit from our orchard and fresh vegetables from our garden, our food budget is very low even though we eat well.
It just seems like a waste of time and good money to drive to the big city to eat at a restaurant. Home cookin' is so much better.
“Ok take 35%. 15% of 35% is %5.25. A nickle on the dollar. Wow, we are going to starve!!!”
Which isn’t the point. The point is that the filthy government is dictating it.
Last night, I made a boneless pork loin (sale $1.29/lb) with fresh mushroom balsamic gravy and zucchini. Cost <$1 per hearty serving. Yum, I could have bathed in the gravy so looking forward to making more tonight with maybe roasted carrots and/or a beet salad sides.
Lunch today is, also <$1, warm and comfy homemade winter squash soup.
No, sorry you are not an expert... You are a socialist ideologue without a clue. I believe you said in another post that raising the minimum wage to $15 in New York would only raise fast food prices by 4.25%. I live near Seattle. They enacted similar legislation in 2014. The prices for fast food started going up by leaps and bounds immediately. Fast food prices in Seattle are typically more than 50% higher than in surrounding areas at the same type of franchise.
Your screwed up calculations are completely meaningless. Your hatred of envy of those who have been more successful than you is pitiful. I am especially offended by your comment in post 106, “I mean if a nail salon goes under does it count the same as a mechanical contractor?” My wife has been going to a Vietnamese Nail Salon for the past 10 years. They have been struggling because the area has gone down hill. The ladies that own the place work their hearts out. Most of their customers are older folks many from care centers who need special care on their feet etc. And you have the f’ing gall to make light of their livelihood?
They are more important to the well being of our community than a "mechanical contractor". You are a spoiled idiot in the 1st degree. You need to go volunteer at a nursing home or some other place where people need help and try to engage in some introspective prayer or at least meditation.
It doesn’t take an economic genius to surmise that a forced increase in a business wage will be countered by countering that new cost by putting it on the consumer,hiring less/laying off more,automating, decreasing benefits,expanding less etc. The goal is to have a society of the top tier rich/ruling class and everybody else at various levels of “poor”.
My calculation is dead on.
Cost has gone up. Quality down.
Quelle suprise.
Even if we don’t feel like cooking, our favorites are Costco soups and Papa Murphy’s pizzeria, both of which we fix at home. Come to think of it, I made chicken noodle soup yesterday with Walmart rotisserie chicken and fresh celery, noodles, canned mushrooms, corn, and water chestnuts. Yum.
My wife bought a Tupper ware microwave grill type thing.
It makes a rather tasty burger. Quick too.
Never understood why pizza costs so much. You can make a couple of large pizzas with homemade dough and refrigerator leftovers for $2-3. Perk them up with some fresh basil from the kitchen window sill. Sadly, these days people toss leftovers in the trash or let them rot in the fridge.
In my neck of the woods a decent steak dinner for 2 with a couple of drinks is over a $100. In a big city like New York, it wouldn’t surprise me if it was closer to $200.
Geez, Subway was already way overpriced. We don't have a McD's but the Sonic jr. burger has almost doubled from $1 to $1.89. I've heard the price of a single piece of Long John Silver's fish has gone up to nearly $3 so people aren't going there anymore. Thankfully, I can walk out the back door, drop a hook and fry up my own fish for pennies.
When you calculate that the price of fast food will go up 4.25% because of this legislation and in a similar locality, a lesser increase in minimum wage resulted in an over 50% increase in the real life price of fast food... that means that your calculation is meaningless.
Unfortunately your perceptions and observational skills apparently never developed properly from childhood. Your first lesson is this. When objects are close to you they look bigger than when the same object when it is further away. Cows who are far away are not actually miniature cows. Lets just call that the near/far principal.
When you are looking at the hand of someone who is trying to impress you with costume jewelry and who has leased an expensive car, it has no connection to whether their business is successful or not. It just means that they believe that you are a simpleton who probably does not have even a good grasp on the “near/far principal”.
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