Living wage advocates, how are restaruant owners supposed to deal with being squeezed like this?

Tate

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You have to knock 30% off if you're talking Australian dollars. And shave another 10 over the next year when china crashes.

Plus who gives a shyt?

On top of that you pulled those stats out of your ass.

Nonsensical posting brehs

imrs.php


Pretty sure this isn't in Australian dollars.
 

Broke Wave

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Any business that has to get the true cost of its labour subsidized by the federal government in the form of food stamps et al, is unfit to be open and wasnt actually a net positive. Unprofitable and propped up businesses crowd out competition. Let the free market decide which businesses can survive, let them adapt. Stop making Mcdonalds a garunteed profitable place. Make them compete.
 

Domingo Halliburton

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Nope just pointed out that despite you accusing someone else of pulling stats out of their ass you were the one with no idea what they were talking about.

Is that quoted in American dollars? What is that chart? Some little island pays fast food worker more...is that it?


And my other point still stands they hitched their economy to a crashing china...
 

AJaRuleStan

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This is an empirical matter, you don't have to make assumptions on what "would" happen to restaurant owners or unskilled workers if minimum wage wage was increased. Even in the case of Australia, which I noticed was brought up in this thread, minimum wage has failed to produce the results that the left say's it would when under empirical study.

"This research found that increases in the minimum wage in Western Australia were followed by reductions in employment relative to other jurisdictions where corresponding increases in the minimum wage did not occur...As expected, this was most pronounced among young people, where the minimum wage had a large effect on labour demand. The results of this research found a consistent negative relationship between the minimum wage and labour demand (i.e., when the former is increased, the latter decreases)."(source)

In the end, economist have been saying this for decades now and it hasn't stopped the fact-free-left from ignoring it. They care more about feeding their ego with their own social vision and feelings of morality than the hard facts, which only ends up with them hurting the people they claim to be helping -- Ex. BLACK PEOPLE. And then they'll dump the blame on someone else like the rich, the right, racist institutions, or capitalism. It's the same old story.
 
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Broke Wave

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This is an empirical matter, you don't have to make assumptions on what "would" happen to restaurant owners or unskilled workers if minimum wage wage was increased. Even in the case of Australia, which I noticed was brought up in this thread, minimum wage has failed to produce the results that the left say's it would when under empirical study.

"This research found that increases in the minimum wage in Western Australia were followed by reductions in employment relative to other jurisdictions where corresponding increases in the minimum wage did not occur...As expected, this was most pronounced among young people, where the minimum wage had a large effect on labour demand. The results of this research found a consistent negative relationship between the minimum wage and labour demand (i.e., when the former is increased, the latter decreases)."(source)

In the end, economist have been saying this for decades now and it hasn't stopped the fact-free-left from ignoring it. They care more about feeding their ego with their own social vision and feelings of morality than the hard facts, which only ends up with them hurting the people they claim to be helping -- Ex. BLACK PEOPLE. And then they'll dump the blame on someone else like the rich, the right, racist institutions, or capitalism. It's the same old story.

Actually if you look it up... The vast majority of research indicates that wage increases have historically not had any negative effect on net employment.

I suggest google.


Edit : did you really quote Mises.org as a source?
 
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