I think this is good. Helps to prevent and reduce a poor class. Businesses can deal with less profits/higher prices, I think a high minimum wage is the way to go.
Fine by me, as long as you phase it in gradually. Do you have a point you're trying to make or are you just trolling?good point. personally, i say we increase the minimum wage to $100,000 a year. that way we can all be rich!
A reasonably well-set minimum wage is not stupid. Having no regulation at all is stupid.thaaaaat the logic behind a living wage is really stupid?
that you can't increase compensation indefinitely - or indeed very far at all - without increasing production?
that labor exists on a supply/demand curve?
that cost of labor is part of the cost of production?
gosh, prices have been going up in the city??? man, I wonder if that has anything to do with the inflated labor costs businesses are working under.....
No, its probably property prices that are driving up the costs in the city, I doubt inflation due to labor costs is the driver. Cities are always more expensive then less dense/less desirable areas. Cities, especially downtown areas, naturally have higher costs because of desirability and property prices, its not because of labor. And to have a minimum wage to keep up with this only makes sense.gosh, prices have been going up in the city??? man, I wonder if that has anything to do with the inflated labor costs businesses are working under.....
A reasonably well-set minimum wage is not stupid.
Having no regulation at all is stupid.
You no what else exists in a free market and with a supply and demand curve?, monopolies, dumping, exclusive contracts...
Just saying supply/demand is the answer does not always result in the best outcome
Monopolies exist on a supply and demand curve.
And then they raise prices really high and pocket all the money, pay off all the suppliers through kickbacks, which is also part of the free market, and prevent any competition from entering the market.
Supply and demand is not the answer to every situation.
No, its probably property prices that are driving up the costs in the city, I doubt inflation due to labor costs is the driver. Cities are always more expensive then less dense/less desirable areas. Cities, especially downtown areas, naturally have higher costs because of desirability and property prices, its not because of labor. And to have a minimum wage to keep up with this only makes sense.
good point. personally, i say we increase the minimum wage to $100,000 a year. that way we can all be rich!
good point. personally, i say we increase the minimum wage to $100,000 a year. that way we can all be rich!
I say ridiculous exaggerations are retarded,
Why would you do that ? everyone knows you can pay rent in a hovel and eat dirt and have your electric and phone turned off in any major city living on minimum wage...why in the world would we want to improve on that...sheesh
Why is this touted as a good thing? Cost of living is going up, inflation is going up, and now the burden on the people who are actually making jobs and creating work is going up. Who is the real winner in this situation?
politicians who can now claim to have "done something".
And later when it fails, they can blame republicans for forcing them into this situation.
It's SF. You'd think there would be no Republicans to blame.
I would like to point out San Francisco has one of the highest Per Capita incomes in the country. I'm guessing the living costs are pretty high there. If that's what the citizens of San Fran want...why exactly are you up in arms.
You think I should have shot for a minimum wage of $50K a year?
at what point do you accept that the laws of economics yes apply to people too?
I think this is good. Helps to prevent and reduce a poor class. Businesses can deal with less profits/higher prices, I think a high minimum wage is the way to go.
Your understanding of the laws of economics is flawed, so that is a big part of your problem. Minimum wages serve a purpose.
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