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Chicago becomes largest US city to independently abolish subminimum wage for tipped workers
Chicago Tribune ^ | Oct 06, 2023 | Alice Yin

Posted on 10/07/2023 4:51:02 AM PDT by Salman

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To: Salman

Up to Chicago to come up with the law but making things more expensive is not going to help.


81 posted on 10/15/2023 9:44:40 AM PDT by MinorityRepublican
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To: central_va
It is not good or bad because FREE MARKETS for labor are good. Look , a lot of so called right wing Republicans are market hypocrites - just like you. Don't feel too bad most don't realize it; but now you do.

How is it a free market if employers are forced to pay a certain amount to employees doing stuff that isn't worth that amount? If the market can't freely correct it the easy way (pay the job what it's worth), then it will correct in other ways, by eliminating/reducing those jobs, or increasing the $$ numbers everywhere until a new equilibrium is reached, with every other job getting paid more and everything costing more.
82 posted on 11/21/2023 6:45:06 AM PST by Svartalfiar
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To: Svartalfiar

“worth” is determined by the laws of supply and demand. The floor on wages i.e. the minimum wage doesn’t change that fact. Maybe we need ceiling on “maximum” profits? Or here is one you’d love a ceiling on “maximum” wages.


83 posted on 11/21/2023 8:01:58 AM PST by central_va (I won't be reconstructed and I do not give a damn...)
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To: central_va
“worth” is determined by the laws of supply and demand. The floor on wages i.e. the minimum wage doesn’t change that fact. Maybe we need ceiling on “maximum” profits? Or here is one you’d love a ceiling on “maximum” wages.

A floor doesn't change that fact, it only moves the line on whether your value is enough for the employer to hire you or not. If your value is significantly below the floor, your job is likely to get doubled-up or otherwise covered by other jobs and the position eliminated. If you're worth $5, and the floor if $10, those ten open positions are gonna get reduced to five or six openings, that simply have the same duties as the ten original spots.

And why wouldn't you want a ceiling on maximum profits? That's very Communist of you... And a ceiling on wages makes as much sense as putting in a floor.
84 posted on 11/26/2023 10:31:35 PM PST by Svartalfiar
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To: Rural_Michigan

I am personally rethinking this tipping business...used to give at min. 18% but usually 20%....I’m thinking now “why”?...the workers are getting much better pay now....


85 posted on 11/26/2023 10:36:19 PM PST by cherry
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To: Made In The USA

I mean, you’re paying a good chunk for a service....why pay MORE for that service?...its not like they’re giving you free stuff or extra service...


86 posted on 11/26/2023 10:37:39 PM PST by cherry
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