Future President Gavin Newsom signs law to raise minimum wage for fast food workers to $20 per hour

[Belize King]

Why just fast food workers?

Gavin probably want Californians to not eat fast food. The beef produces too much methane and warms the earth. Pay the fast food employees $30 an hour then the praises of their product will shoot through the roof and nobody will eat fast food anymore. You either making your own burgers or not eating them at all.

I know the only time I eat beef is in burger form. The occasional steak. If I had to pay $20 for a burger. I’m taking my ass home to make some chicken for fish.

 

[Professor Emeritus]

Normally. But if all the landlords know that all the renters got a 33% raise, there's gonna be an increase in rent.

Only if they manage widespread collusion. Otherwise, anyone who raises rents will lose business to those who don't. The driving factor for rent increase is room availability, not renter incomes.

 

[CodeBlaMeVi]

@CodeBlaMeVi

You laugh but

"A minimum wage increase doesn’t kill jobs,” the researchers explain. “It kills job vacancies, not jobs. The higher wage makes it easier to recruit workers and retain them. Turnover rates go down. Other research shows that those workers are likely to be a little more productive, as well.”


Does Raising The Minimum Wage Result In Job Losses In Small Firms?

Supply and demand goes both ways especially when low skill workers are competing for relatively high pay (all things considered). They can be more selective

You’re aware you’re talking about a 30% pay increase overnight?

Here’s what happens: Overnight inflation and higher interest rates. Why?
Once that’s the standard, the economy will raise their prices too. That includes housing and food. All this stuff is relative. If McD’s worker is getting $20/hour more skilled hourly laborers like RNs are going to want $50/hr. Now, healthcare costs skyrocket. Salaried employees will negotiate higher salaries because they don’t want to be too close in income to low skilled workers. I won’t get expansive but this is for votes. They can’t change capitalism so will he enforce communism?

 

[Professor Emeritus]

You’re aware you’re talking about a 30% pay increase overnight?

Here’s what happens: Overnight inflation and higher interest rates. Why?
Once that’s the standard, the economy will raise their prices too. That includes housing and food. All this stuff is relative. If McD’s worker is getting $20/hour more skilled hourly laborers like RNs are going to want $50/hr. Now, healthcare costs skyrocket. Salaried employees will negotiate higher salaries because they don’t want to be too close in income to low skilled workers. I won’t get expansive but this is for votes. They can’t change capitalism so will he enforce communism?

Do you believe in supply/demand economics, or do you follow some other particular economic theory?

And do you imagine RN's don't want higher pay now? What magic would allow them to get $50 then if they don't have it yet?

Not to mention, health care costs aren't primarily driven by RN pay. That's a minor factor.

 

[CodeBlaMeVi]

Do you believe in supply/demand economics, or do you follow some other particular economic theory?

And do you imagine RN's don't want higher pay now? What magic would allow them to get $50 then if they don't have it yet?

Not to mention, health care costs aren't primarily driven by RN pay. That's a minor factor.

It’s all tied to supply and demand.

The starting rate for new nurses in my part of the country is a few dollars north of $30. If fast food workers nearby are starting at 2/3rd of what they’re making then a licensed and degreed RN can rightfully demand (see what I did there) a higher wage especially since there’s a lower supply (full circle) of them. That line of thinking permeates throughout the entire economy. I chose RN to prove a point and their labor costs have huge effects on hospitals’ budgets.

They don’t use that argument because it doesn’t exist yet. Those smart people in Sacramento know this and don’t give a f**k

 

[BobbyWojak]

the economy will raise their prices too

Genius level stuff here

 

[Professor Emeritus]

It’s all tied to supply and demand.

But a fast food worker whose pay goes up doesn't buy more apartments. They still only rent one place. So housing demand isn't as flexible as other goods, and prices don't move for the same reasons. They might want to shift to a nicer place, but they're not suddenly going to pay more money for the same spot, and the landlords haven't gained any more leverage than they had before.

The starting rate for new nurses in my part of the country is a few dollars north of $30. If fast food workers nearby are starting at 2/3rd of what they’re making then a licensed and degreed RN can rightfully demand (see what I did there) a higher wage especially since there’s a lower supply (full circle) of them.

lol - where the hell does this concept of "rightfully demand by comparing your wage to a completely different industry" enter the economic equation?

RNs can "rightfully demand" higher pay any time they want. They don't get it.

That line of thinking permeates throughout the entire economy.

That "line of thinking" has no place in any economic theory I've ever heard of. You get higher wages by supply/demand and negotiating power. Unless your RNs are about to leave the industry to become fast food workers, then fast food pay changes nothing.

The whole scenario is a right-wing scare tactic to argue for lower worker pay. Funny how you never hear the same argument being used to lower executive pay or lower corporate profits.... it's only the lowest-wage workers who are supposed to sacrifice their livelihood for the sake of the economy.

I chose RN to prove a point and their labor costs have huge effects on hospitals’ budgets.

What %?

 

[2 Up 2 Down]

This is a slippery slope. The next group will be hotel workers wanting $30/hour, full pension and 32 hour work week. Please take a few minutes and review the hell hole that is CA. He and is ilk are the reason for the spiral down of a once-great place to live. I'd write more but I have to step around this homeless encampment to pay $6.50 for no brand petrol.

People should have a livable wage at the minimum and the government should end corporate welfare

 

[Remote]

Idk how to feel about this. Fast food is trash food. I guess my issue is, not all fast food spots are corporate. If I’m a McDonald franchisee owner, I’m pissed. Margins are thin in food industry.

Either way, your Big Mac will cost $15 bucks. It’s your choice to pay it.


my Wife went to Five guys in Atlanta yesterday, bought two burgers and almost paid $30. What will that look like in Cali?

She bought burger patties this morning.

Big Macs don't cost $15 in Europe. And fast food workers get way better benefits across the board there.
Frankly if Franchisees can't pay employees s living wage, the 2 biggest reasons for this are the cost of leasing the land McDonalds forces them to use, and overall greed.

 

[Ahmen]

Yeah, not like they'll be doing that anyway or anything.

Not like all these corporations have been bragging about record profits for the last 2-3 years while still paying their employees like shyt.

Or just firing the

Why just fast food workers?

The government should not be picking which workers should get mandated wages. That is a contract between employers and employees. Now those workers owe the govt come election time.

 

[King Poetic]

Watch many fast food places will re adjust their hours

Those 6am to midnight about to change to like 6am to 8pm

Alot of walk ins will be drive thru only and if u do have walk in’s it will be touch screen and wait to the side

Ive seen a few spots in beverly hills and santa monica make a few adjustments

 

[Ahmen]

Yeah, not like they'll be doing that anyway or anything.

Not like all these corporations have been bragging about record profits for the last 2-3 years while still paying their employees like shyt.

Or just firing them.

Companies that don't pay well and treat employees poorly fail.

 

[AquaCityBoy]

Companies that don't pay well and treat employees poorly fail.

OK. Then by your own logic those hotel workers should definitely get the $30 an hour.

The hotels will be fine, and probably better off for it the long run.

 

[CodeBlaMeVi]

Genius level stuff here

I know you’re being sarcastic but it’s that simple.

 

[CodeBlaMeVi]

But a fast food worker whose pay goes up doesn't buy more apartments. They still only rent one place. So housing demand isn't as flexible as other goods, and prices don't move for the same reasons. They might want to shift to a nicer place, but they're not suddenly going to pay more money for the same spot, and the landlords haven't gained any more leverage than they had before.







lol - where the hell does this concept of "rightfully demand by comparing your wage to a completely different industry" enter the economic equation?

RNs can "rightfully demand" higher pay any time they want. They don't get it.






That "line of thinking" has no place in any economic theory I've ever heard of. You get higher wages by supply/demand and negotiating power. Unless your RNs are about to leave the industry to become fast food workers, then fast food pay changes nothing.

The whole scenario is a right-wing scare tactic to argue for lower worker pay. Funny how you never hear the same argument being used to lower executive pay or lower corporate profits.... it's only the lowest-wage workers who are supposed to sacrifice their livelihood for the sake of the economy.






What %?

I don’t have the time to cite but let’s wait and see.

You have no legitimacy in economics off your housing point alone. Unless fast food workers own their homes then they’re at the mercy of rental increases.