- Joined
- Oct 22, 2012
- Messages
- 32,516
- Reaction score
- 5,321
- Gender
- Male
- Political Leaning
- Libertarian - Right
well we will have to see how this things plays out, price increases or workers reduced.
of course no matter what happens WC will be blamed
With the increased minimum wage, White Castle, the burger chain, is in a quandary. Their one of their biggest costs is the payroll for hourly workers. They have the choice of passing the cost on to the customer or cutting employees. They would have to increase the menu costs by 50% in order to make of the difference, and that would be a disaster, they think. They've seen big effects from even small increases in prices. People would just stop coming to eat there and would go to the grocery store instead. So much of the pain will be borne by lower level employees. More young people will be unable to find word, to take a step up to the first rug of the latter. White Castle promotes from within and there are many success stories about people who started out at the bottom, but there will be a lot less of that. White Castle has stayed in distressed neighborhoods where such jobs are really needed. Too bad. The 40% or more unemployment among young poor people will just get a little higher. Even worse is the danger that stores will have to close entirely if the new business model doesn't work.
The liberals who did this won't care because they won't see or realized the damage they did. I suspect that they are happier with more people dependent on the government. To paraphrase the chief financial officer of Venezuela, they don't want people earning their way into the middle class because those people are more likely to become Republicans.
New York Minimum Wage -- White Castle Adjusts, Entry-Level Workers Lose Out
To put it another way, the real minimum wage is always zero. That's what more people will be getting now.
A White Castle Slider costs 72 cents. "Increasing costs by 50%" means it would go up to about $1.00.
White Castle is not exactly something to be proud of on one's resume. That may be connected to the fact that they serve terrible food in small portions for a low price. [snipped]
Your argument does not negate my conclusion that the impact on unemployment will be negligible - only that the increase in minimum wage may be not incredibly beneficial. The research on this issue also supports the position that the question is murky at best.
I'm amused by how some liberals are turning out to be such snobs. They don't know what it's like to be poor or to have to rely on cheap goods from places like White Castle, I'm guessing. It's "let them eat cake" all over again.
As to the truth of what White Castle people are saying, many fast food outfits are walking the walk, buying computer kiosks to replace hourly workers and the like. Why would we think it's any different for White Castle?
These are the symptoms of allowing government telling businesses how they must operate. I remember when government did what it could to help the business climate rather that trying to control it. That has all gone down the drain along with the economy.
and i would say that is a bogus analysis
this is a convenience fast food seller in a convenience fast food industry
the substitution of any fast food product for grocery store goods exists for all enterprises within the convenience fast food industry
Ok here it is/well, there you have it
minimum wage employees do nothing to earn their money
i look forward to your next economics lesson
With the increased minimum wage, White Castle, the burger chain, is in a quandary. Their one of their biggest costs is the payroll for hourly workers. They have the choice of passing the cost on to the customer or cutting employees. They would have to increase the menu costs by 50% in order to make of the difference, and that would be a disaster, they think. They've seen big effects from even small increases in prices. People would just stop coming to eat there and would go to the grocery store instead. So much of the pain will be borne by lower level employees. More young people will be unable to find word, to take a step up to the first rug of the latter. White Castle promotes from within and there are many success stories about people who started out at the bottom, but there will be a lot less of that. White Castle has stayed in distressed neighborhoods where such jobs are really needed. Too bad. The 40% or more unemployment among young poor people will just get a little higher. Even worse is the danger that stores will have to close entirely if the new business model doesn't work.
The liberals who did this won't care because they won't see or realized the damage they did. I suspect that they are happier with more people dependent on the government. To paraphrase the chief financial officer of Venezuela, they don't want people earning their way into the middle class because those people are more likely to become Republicans.
New York Minimum Wage -- White Castle Adjusts, Entry-Level Workers Lose Out
To put it another way, the real minimum wage is always zero. That's what more people will be getting now.
Ok here it is/
The worker makes x based on y production.
The gov't forces the company to pay x+1, while y stays constant.
Thus, the " +1" is pay for for doing nothing.
You're welcome.
This is mindless pap, plain and simple. Empty words, meaningless pap that conservatives like to say to each other but makes everyone else cringe at how adults can be convinced to parrot such blather.
So you post a bunch of opinion pieces ok.
https://beta.finance.yahoo.com/news...ill-kill-6-6-million-jobs--aaf-152547994.html
Warren Buffett: Don't Raise Minimum Wage to $15 per Hour - Fortune I guess warren buffett thinks it is a bad idea as well.
SAUERBREY: Raising minimum wage hurts those it claims to help - Washington Times
so I guess you ignored those. the question is why did you just ignore something that proves your argument incorrect or not
like you think it is?
And if those are too 'leftist' for you,...
talk about mindless pap. you can't even address the argument. the fact is that one of the liberals biggest argument is pandering to poor people and telling them
if you vote for me you will get more of their money. that is lost and doesn't even factor to people like me that work and don't depend on government assistance.
the basic aappeal to emotion fallacy that liberals spout is lost of working people who all they see is their taxes going up to pay for all this free stuff
that they get 0 benefit from.
With the increased minimum wage, White Castle, the burger chain, is in a quandary. Their one of their biggest costs is the payroll for hourly workers. They have the choice of passing the cost on to the customer or cutting employees. They would have to increase the menu costs by 50% in order to make of the difference, and that would be a disaster, they think. They've seen big effects from even small increases in prices. People would just stop coming to eat there and would go to the grocery store instead. So much of the pain will be borne by lower level employees. More young people will be unable to find word, to take a step up to the first rug of the latter. White Castle promotes from within and there are many success stories about people who started out at the bottom, but there will be a lot less of that. White Castle has stayed in distressed neighborhoods where such jobs are really needed. Too bad. The 40% or more unemployment among young poor people will just get a little higher. Even worse is the danger that stores will have to close entirely if the new business model doesn't work.
The liberals who did this won't care because they won't see or realized the damage they did. I suspect that they are happier with more people dependent on the government. To paraphrase the chief financial officer of Venezuela, they don't want people earning their way into the middle class because those people are more likely to become Republicans.
New York Minimum Wage -- White Castle Adjusts, Entry-Level Workers Lose Out
To put it another way, the real minimum wage is always zero. That's what more people will be getting now.
With the increased minimum wage, White Castle, the burger chain, is in a quandary. Their one of their biggest costs is the payroll for hourly workers. They have the choice of passing the cost on to the customer or cutting employees. They would have to increase the menu costs by 50% in order to make of the difference, and that would be a disaster, they think. They've seen big effects from even small increases in prices. People would just stop coming to eat there and would go to the grocery store instead. So much of the pain will be borne by lower level employees. More young people will be unable to find word, to take a step up to the first rug of the latter. White Castle promotes from within and there are many success stories about people who started out at the bottom, but there will be a lot less of that. White Castle has stayed in distressed neighborhoods where such jobs are really needed. Too bad. The 40% or more unemployment among young poor people will just get a little higher. Even worse is the danger that stores will have to close entirely if the new business model doesn't work.
The liberals who did this won't care because they won't see or realized the damage they did. I suspect that they are happier with more people dependent on the government. To paraphrase the chief financial officer of Venezuela, they don't want people earning their way into the middle class because those people are more likely to become Republicans.
New York Minimum Wage -- White Castle Adjusts, Entry-Level Workers Lose Out
To put it another way, the real minimum wage is always zero. That's what more people will be getting now.
The negative impact on employment will be negligible because the increased spending power of the minimum wage employees will yield increased demand in the other businesses that are flexible enough to adjust in the new landscape.
Businesses will adjust their business models or they will die. Nothing new to see here.
Although I don't have access to White Castle here in Georgia, so in terms of your question, maybe they will expand into Krystal's territory (states without the 15$ minimum wage) in order to compensate the overall revenue while they eventually adjust their business model.
No job = no money
No money = no spending power
That isn't that hard to figure out, so why would you believe someone who is supposed to be an expert who misses that simple point???
Robotics....not that anyone's arteries would miss White Castle.
I suppose it would be because the experts are smart enough to realize that it isn't so simple.
Cuz the loss of thousands of jobs is so great?
With the increased minimum wage, White Castle, the burger chain, is in a quandary. Their one of their biggest costs is the payroll for hourly workers. They have the choice of passing the cost on to the customer or cutting employees. They would have to increase the menu costs by 50% in order to make of the difference, and that would be a disaster, they think. They've seen big effects from even small increases in prices. People would just stop coming to eat there and would go to the grocery store instead. So much of the pain will be borne by lower level employees. More young people will be unable to find word, to take a step up to the first rug of the latter. White Castle promotes from within and there are many success stories about people who started out at the bottom, but there will be a lot less of that. White Castle has stayed in distressed neighborhoods where such jobs are really needed. Too bad. The 40% or more unemployment among young poor people will just get a little higher. Even worse is the danger that stores will have to close entirely if the new business model doesn't work.
The liberals who did this won't care because they won't see or realized the damage they did. I suspect that they are happier with more people dependent on the government. To paraphrase the chief financial officer of Venezuela, they don't want people earning their way into the middle class because those people are more likely to become Republicans.
New York Minimum Wage -- White Castle Adjusts, Entry-Level Workers Lose Out
To put it another way, the real minimum wage is always zero. That's what more people will be getting now.
That plus a thinning of the number of stores. Increasingly people will go to supermarkets, gas stations and convenience stores for their ready to eat food, where they often will heat and prepare their food themselves, so minimal labor is needed. These places are not a huge threat to sit down restaurants but they will decimate fast food restaurants as the labor rates climb.
We have White Castles in our rotary fridgie thingy. I think they are a $1 for two. Pop them in the micro and munch away.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?