Comments on: CA set for nation’s highest minimum wage

By: Rex the Wonder Dog!

Rex the Wonder Dog! — Mon, 28 Dec 2015 16:09:31 +0000

In reply to Teddy. Are you 9 years old? Yet still several years older, mentally, than Teddy Steals. My, how ironic!

By: Teddy

Teddy — Mon, 28 Dec 2015 14:32:41 +0000

In reply to Dyspeptic.

Dysphoric–

“DemocRats” ? — Are you 9 years old?

By: Ulysses Uhaul

Ulysses Uhaul — Sun, 27 Dec 2015 21:19:13 +0000

Pity. Little guy gets some meat off the bone.

By: CSUFMPH

CSUFMPH — Sun, 27 Dec 2015 06:39:20 +0000

I cannot believe how stupid the California State Legislature is. Watch for increased unemployment as a result. I, for one, WAS contemplating hiring some employees as my company is growing rapidly. I am now going to throw the brakes on those plans and possible focus my efforts on expanding outside the State of California.

By: MrSubtle

MrSubtle — Sat, 26 Dec 2015 21:23:29 +0000

In reply to Ronald. Getting enmeshed into arguments of who benefits and who does't ignores the only really important issue at hand here as far as I am concerned, which is the question "What makes these morons think they can tell us how much we can pay or be paid anyway?". The businesses aren't owned by them. The jobs will not be performed by them. The income will not be spent by them. They isn't make the investments, they don't have any skin in the game at all, and they presume to set our wage rates. Just who do they think they are?

By: Sean

Sean — Sat, 26 Dec 2015 11:57:40 +0000

In reply to Dyspeptic. The higher minimum wage favors established businesses. Automation reduces employment but also increases capital requirements to stay competitive. This keeps new start ups out of the market and forces marginal players out of business. The end result is less competition. Mr. LoGuercio sees a competitive advantage in capital investment and is taking advantage of the new rules.

By: josil

josil — Sat, 26 Dec 2015 01:22:42 +0000

Raise the minimum wage and, as a business, I will lower the hours of employees so that the financials of the business remain constant. Who loses? Well, (1) the employee (fewer hours) and (2) the government (lower tax revenue. Who wins? The welfare bureaucracy, to the extent that more employees fall below the “poverty level”.

By: Art

Art — Sat, 26 Dec 2015 00:49:10 +0000

Hiking the minimum wage to $15 is a bad move statewide. Rural areas will be affected. There will be less jobs though the minimum wage workers will see benefits. However people already earning $15 an hour will suffer as businesses will hike prices. At best, prices adjust and we are no better off. The question remains is whether those earning $15 will get raises or not.

By: Dyspeptic

Dyspeptic — Fri, 25 Dec 2015 20:52:38 +0000

What makes minimum wage hikes so politically irresistible is that DemocRats who support these policies know it’s a win-win for them politically. They can buy votes with money transferred from employers and customers to unskilled workers. Whatever increased unemployment occurs is just an excuse to expand welfare benefits. So DemocRats get votes from beneficiaries of artificially higher wages and they get votes from beneficiaries of expanded welfare benefits. And they get all of this at the expense of groups they hate, i.e. taxpayers and employers.

As an aside I thinks it’s noteworthy that the owner of the event rentals company, James LoGuercio says that he supports minimum wage increases, then he admits to spending $150,000 on a machine that puts eight dishwashers out of work. And this guy probably doesn’t even see the rational disconnect there. This is what economic rationalists are up against. A profoundly ignorant and hypocritical employer class that supports higher minimum wages while at the same time doing everything it can to avoid paying those higher wages, thus completely negating any net social benefits that higher minimum wages are supposed to create.

By: Bubba

Bubba — Fri, 25 Dec 2015 19:37:47 +0000

In reply to Ronald.

These stupid libs who have never run a business don’t understand that as minimum wake goes up so does the employer’s matching taxes such Social Security.
Those morons in Sacramento don’t realize that a Big Mac Combo will now cost $10.
Gov. Cuomo raised the minimum wage for fast food workers by executive fiat despite protests from the industry.
He like Moonbeam is just another out of touch born with a silver spoon in his mouth LIBERAL!