Liberal Forum

GHETTOBLASTER » 09 Jun 2024, 12:09 pm » wrote: ↑

09 Jun 2024, 12:09 pm

https://www.hoover.org/research/califor ... -last-fall

"Fast-food employers have few alternatives to a $20 minimum wage other than cutting  their workforces or raising prices, as fast-food profit margins are slim, averaging 5‒8 percent. Labor advocates typically argue for the need of a “living wage” when it comes to the pay of less-skilled workers. But this ignores the fact that many of those workers are part time, and it also ignores the fact that fast-food owners and their investors must receive adequate compensation for their time and capital. Living wages can mean no wages, which is what has happened for over 9,500 California fast-food workers since last September."
 
What I love about this is that most of those who lost their jobs are young, brainwashed Libtards who support all liberal agenda without question...!!

Spent some time investigating the origins of Manzo’s NY Post claim and found myself (suprise!) at the Hoover Institution,

https://ritholtz.com/2024/06/seattle-re ... justments/


HISTORY'S GONNA BE RUTHLESS!

Blackvegetable » 09 Jun 2024, 1:04 pm » wrote: ↑

09 Jun 2024, 1:04 pm

Spent some time investigating the origins of Manzo’s NY Post claim and found myself (suprise!) at the Hoover Institution,

https://ritholtz.com/2024/06/seattle-re ... justments/

HISTORY'S GONNA BE RUTHLESS!

Have you figured out what the OP is about, PK?

Blackvegetable » 09 Jun 2024, 1:04 pm » wrote: ↑

09 Jun 2024, 1:04 pm

Spent some time investigating the origins of Manzo’s NY Post claim and found myself (suprise!) at the Hoover Institution,

https://ritholtz.com/2024/06/seattle-re ... justments/

HISTORY'S GONNA BE RUTHLESS!

So he basically says that losing 10,000 jobs is no big deal...!!!          When can we expect him to report that the companies / jobs that fled from California have returned...?      

Blackvegetable » 09 Jun 2024, 1:04 pm » wrote: ↑

09 Jun 2024, 1:04 pm

Spent some time investigating the origins of Manzo’s NY Post claim and found myself (suprise!) at the Hoover Institution,

https://ritholtz.com/2024/06/seattle-re ... justments/

HISTORY'S GONNA BE RUTHLESS!

@GHETTO BLASTER  

I believed he also missed this part of the article:Last year, California passed a $25 per hour healthcare minimum wage that would start phasing in at $23 per hour on June 1. Because the bill would cost the state $4 billion in its first year, and the state faces a $7 billion deficit, Newsom urged legislators to pass a bill delaying the wage’s adoption.  Newsom signed the delay into law on May 31, at the last possible moment.
 Small businesses are not directly subject to the fast food minimum wage, but face pressure to raise wages as they compete for the same pool of minimum wage employees.

Whatever happened to that YUGE budget surplus? 

 

Remember what happened when slavery was abolished after the Civil War...?
Well many slaves chose to remain in the fields..but by then White Men developed internal combustion engines, and all sorts of ingenious mechanisms to replace slave labor.
When there is a will...there is a White Man with a way...!!!
https://www.hoover.org/research/califor ... -last-fall
"After this exemption came to light in the national media in February, Newsom responded to allegations that the bakery exemption reflected a political payoff for his donor as outrageous, but he provided no other explanation for why such a one-off exemption was provided, and he still hasn’t. Newsom received more criticism in the media when it was reported that a restaurant he partially owns near Lake Tahoe posted a job listing for a table busser at $16 an hour. With a $37 pasta dish and a $67 steak dinner on the menu, the restaurant doesn’t qualify as fast food, so it is not required to pay the $20 minimum wage. And while Newsom is not involved in managing his businesses since becoming governor, many still find it tone-deaf that the spirit of the legislation that he is so proud of is not being followed by his family business.The $16-per-hour job posting in Newsom’s restaurant is informative regarding the market price of restaurant service workers. The restaurant is not paying more because it doesn't need to. It can find qualified applicants at $4 less per hour than the fast-food minimum wage, even in Lake Tahoe, which is a high cost-of-living area"

*Huey » 09 Jun 2024, 3:04 pm » wrote: ↑

09 Jun 2024, 3:04 pm

@GHETTO BLASTER  

I believed he also missed this part of the article:Last year, California passed a $25 per hour healthcare minimum wage that would start phasing in at $23 per hour on June 1. Because the bill would cost the state $4 billion in its first year, and the state faces a $7 billion deficit, Newsom urged legislators to pass a bill delaying the wage’s adoption.  Newsom signed the delay into law on May 31, at the last possible moment.
 Small businesses are not directly subject to the fast food minimum wage, but face pressure to raise wages as they compete for the same pool of minimum wage employees.

Whatever happened to that YUGE budget surplus?

He is incapable of dealing with the whole truth.
He is such a wormy piece of **** that he spends all day, every day hoping that the whole truth about his failed beliefs never sees the light of day. 
Newsome is part owner of a posh restaurant that is exempt       

https://www.newsweek.com/gavin-newsom-r ... fe-1886313
 

GHETTOBLASTER » 09 Jun 2024, 3:20 pm » wrote: ↑

09 Jun 2024, 3:20 pm

He is incapable of dealing with the whole truth.
He is such a wormy piece of **** that he spends all day, every day hoping that the whole truth about his failed beliefs never sees the light of day. 
Newsome is part owner of a posh restaurant that is exempt       

https://www.newsweek.com/gavin-newsom-r ... fe-1886313

Yup.  

*Huey » 08 Jun 2024, 12:48 pm » wrote: ↑

08 Jun 2024, 12:48 pm

Another business moves it headquarters due to taxes:

Blaze Pizza joins other businesses leaving California for ‘growth’ elsewhere 

(The Center Square) – Blaze Pizza is relocating its headquarters from California to Atlanta, a move that will reduce its state corporate tax rate by more than a third. Blaze said its relocation is driven by a desire for its “next wave of growth.” 

Georgia’s annualized GDP growth was 11.8% for April, while California’s grew at an annualized 3.8% based on the latest data from the end of 2023. Founded in Southern California, Blaze has approximately ⅓ of its over 300 locations in California

And this should be a concern for them as well:

Blaze’s relocation follows Rubio’s announcement it is closing 48 California stores, shedding an estimated 1,250 jobs, and a report from the Hoover Institution finding California lost nearly 10,000 more fast food jobs after the state’s $20 per hour fast food minimum wage law was signed into effect last fall. Today, the California Business and Industrial Alliance ran a full-page advertisement in USA Today against the fast food minimum wage law with an obituary-style message on resulting business shutdowns.

https://nypost.com/2024/06/08/business/ ... elsewhere/

be careful what you wish for....