everyone is a winner everyone is all smiles in seattle $15 min wage
- Thread starter dherd
- Start date
I can see how you might have taken it that way, but the key point is that the announcement increased new monthly sign ups by 75%.
New monthly signups increased, unfortunately they will not see profits from those accounts for some time. How many customers left? Are the new accounts part of the 75% increase transacting at a rate equal to or greater than the customers they lost?
Good to know because I was convinced you ran an Australian travel booking company.
I marvel at the idea that the economics of a single business implementing a standardized wage policy that works for that business invariably means that government mandated wage floors will necessarily work.
Ford's gambit worked because he rightly assumed the market for vehicles was going to skyrocket and the wages he was promising would easily be met by rising revenue.
Anyone actually read GK's excellent post?
It's an excellent post IF you agree with that particular economic theory. But it's an unproven theory. Regarding the last 11 minimum wage increases starting in 1978, the employment was recorded the month the increase went into effect and then checked one year later. In 6 of those years the employment increased, 5 years it did not. Of the 5 years employment did not increase, every single one of them occurred during a recession.
It's such an "unproven" theory that even the unions in those markets it's being mandated are requesting to be exempt from the law. It's so "unproven" that the 50's that were touted as minimum wage success must ignore the longer term result of what manifested less than 8 years later.
This law crushes the little biz with thinner margins/ reduced profit as GK states unless sales prices for goods and services are raised. It's either inflationary (which since 1978 does anyone really want to argue about inflation???) and/or its job reducing long term (which according to the unions it is)
Its funny reading some of the left wingers on here celebrate business /industry success during the early-mid 1900's. I only wish to have been a business owner during that period. Child labor, no OSHA, limited legal risk, no threat of cap and trade, no mandated healthcare packages, ability to fire slackers at will without risk of legal threat, no/limited EPA regulation, no EEOC, limited IRS intrusion. Those were indeed the days of American growth, success, and power!! FREE markets at their best. Cheers to the lobs on here for starting to understand this.
This law crushes the little biz with thinner margins/ reduced profit as GK states unless sales prices for goods and services are raised. It's either inflationary (which since 1978 does anyone really want to argue about inflation???) and/or its job reducing long term (which according to the unions it is)
Its funny reading some of the left wingers on here celebrate business /industry success during the early-mid 1900's. I only wish to have been a business owner during that period. Child labor, no OSHA, limited legal risk, no threat of cap and trade, no mandated healthcare packages, ability to fire slackers at will without risk of legal threat, no/limited EPA regulation, no EEOC, limited IRS intrusion. Those were indeed the days of American growth, success, and power!! FREE markets at their best. Cheers to the lobs on here for starting to understand this.
06 you are wasting your time trying to argue
I'm going to say no because you already agree with a particular economic theory.
just going out on a limb do you think there was any connection to min wage increase and recession?
I'm going to say no because you already agree with a particular economic theory.
How about you making the case that the minimum wage increase caused the Great Recession? That would take care of 2 of those 5 years in which employment decreased during minimum wage hikes. I've never read where a credible economist has stated that a raise in the minimum wage has caused a recession. It's possible that I've missed it. Link?
