$15 Minimum Wage Sparks A Jobs Recession In New York

T

Terri4Trump

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$15 Minimum Wage Sparks A Jobs Recession In New York
https://www.investors.com/politics/editorials/minimum-wage-new-york-jobs-recession/

Economics 101: When Amazon pulled out of New York, the loss of 25,000 future jobs made headlines. What isn't making headlines are the thousands of jobs being destroyed right now thanks to the city's new $15 minimum wage.

Over the past four years, the minimum wage for New York City restaurants that employ more than 10 workers went from $10.50 an hour to $15. That's a whopping 43% increase. Next year, every restaurant, big and small, will have to pay their workers at least $15 an hour.

A big victory for workers, right? That's how it's depicted by the "Fight for $15" crowd. And, yes, if you held a full-time minimum-wage job over those years, your gross income would have gone up by $9,360.

But those massive wage hikes come at a painful cost that backers refuse to acknowledge. They kill jobs. Just like they're doing right now in New York City. In just the last three months of last year, 4,000 workers lost jobs at full-service restaurants, Bureau of Labor Statistics data show. By the end of last year, there were fewer restaurant workers in the city than in November 2016. Even though overall employment climbed by more than 163,000.
 
NYC restaurants cutting staff hours as minimum wage hits $15
https://www.cbsnews.com/news/nyc-re...rs-to-cope-with-minimum-wage-hike-hitting-15/

.....New York City restaurant owners say the latest minimum wage hike is forcing them to cut workers' hours just to stay afloat......

.....Jon Bloostein operates six New York City restaurants that employ between 50 and 110 people each. The owner of Heartland Brewery and Houston Hall, Bloostein said the effect of the higher minimum wage on payroll across locations represents "an immense cost" to his business.
 
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Terri4Trump said:
NYC restaurants cutting staff hours as minimum wage hits $15
https://www.cbsnews.com/news/nyc-re...rs-to-cope-with-minimum-wage-hike-hitting-15/

.....New York City restaurant owners say the latest minimum wage hike is forcing them to cut workers' hours just to stay afloat......

.....Jon Bloostein operates six New York City restaurants that employ between 50 and 110 people each. The owner of Heartland Brewery and Houston Hall, Bloostein said the effect of the higher minimum wage on payroll across locations represents "an immense cost" to his business.
Click to expand...

They've cut off their nose to spite their face. I was a bartender from age 18 - 38. The paycheck meant very little to any of us.
Most all real restaurant/bar workers just wanted hours...as many as we could get because the real money to be made was
from the tips. The house made money, we made money, everyone was happy.
 
Stretch said:
They've cut off their nose to spite their face. I was a bartender from age 18 - 38. The paycheck meant very little to any of us.
Most all real restaurant/bar workers just wanted hours...as many as we could get because the real money to be made was
from the tips. The house made money, we made money, everyone was happy.
Click to expand...

My son is a server at one of the restaurants at Disney in Orlando. He makes enough in tips that he only has to work 3 days a week and can afford a house new car and put money in the bank. If he needs extra money he just works more shifts.
 
Terri4Trump said:

$15 Minimum Wage Sparks A Jobs Recession In New York
https://www.investors.com/politics/editorials/minimum-wage-new-york-jobs-recession/

Economics 101: When Amazon pulled out of New York, the loss of 25,000 future jobs made headlines. What isn't making headlines are the thousands of jobs being destroyed right now thanks to the city's new $15 minimum wage.

Over the past four years, the minimum wage for New York City restaurants that employ more than 10 workers went from $10.50 an hour to $15. That's a whopping 43% increase. Next year, every restaurant, big and small, will have to pay their workers at least $15 an hour.

A big victory for workers, right? That's how it's depicted by the "Fight for $15" crowd. And, yes, if you held a full-time minimum-wage job over those years, your gross income would have gone up by $9,360.

But those massive wage hikes come at a painful cost that backers refuse to acknowledge. They kill jobs. Just like they're doing right now in New York City. In just the last three months of last year, 4,000 workers lost jobs at full-service restaurants, Bureau of Labor Statistics data show. By the end of last year, there were fewer restaurant workers in the city than in November 2016. Even though overall employment climbed by more than 163,000.
Click to expand...

Ah, how do you know there just wasn't fewer restaurants? not like there is a shortage of such in NYC

And it is always interesting how conservatives are so concerned with New York, when New York resembles Kansas get back to us
 
archives said:
Ah, how do you know there just wasn't fewer restaurants? not like there is a shortage of such in NYC

And it is always interesting how conservatives are so concerned with New York, when New York resembles Kansas get back to us
Click to expand...

It’s not about New York per se. It’s about the (big) cities that have passed $15/hr minimum wages and the results and the desire by some to force them national.

You’re right Kansas isn’t New York. However folks who want $15 minimum wage for everyone seem to think it is.
 
Opie must be talking about fast-food joints that only pay minimum wages.

You know, the Fast-Food restaurants that have been paying their employees the same minimum wage of $7.30 an hour since 1992.

When in fact, Fast-Food Restaurants have increased their prices on the same shit, at least, 400% - 500% since 1992!

Let me break it to you and the fast-food restaurants as gently as I can- THE PRICE OF LABOR ALSO GOES UP- IDIOTS!

Was that gentle enough for you idiots! LOL!
 
Terri4Trump said:
In just the last three months of last year, 4,000 workers lost jobs at full-service restaurants, Bureau of Labor Statistics data show. By the end of last year, there were fewer restaurant workers in the city than in November 2016. Even though overall employment climbed by more than 163,000.[/COLOR]
Click to expand...

Ummm...you say that there are 4,000 fewer restaurant jobs, yet overall employment climbed by 163,000.

So...what point are you trying to make?
 
Adolf_Twitler said:
Opie must be talking about fast-food joints that only pay minimum wages.

You know, the Fast-Food restaurants that have been paying their employees the same minimum wage of $7.30 an hour since 1992.

When in fact, Fast-Food Restaurants have increased their prices on the same shit, at least, 400% - 500% since 1992!

Let me break it to you and the fast-food restaurants as gently as I can- THE PRICE OF LABOR ALSO GOES UP- IDIOTS!

Was that gentle enough for you idiots! LOL!
Click to expand...

Also...he's saying the minimum wage increase killed jobs but then he says in literally the same post that there are 163,000 MORE workers than before.

Not sure what point he's trying to make, but it's not a good one.
 
Terri4Trump said:

$15 Minimum Wage Sparks A Jobs Recession In New York
https://www.investors.com/politics/editorials/minimum-wage-new-york-jobs-recession/

Economics 101: When Amazon pulled out of New York, the loss of 25,000 future jobs made headlines. What isn't making headlines are the thousands of jobs being destroyed right now thanks to the city's new $15 minimum wage.

Over the past four years, the minimum wage for New York City restaurants that employ more than 10 workers went from $10.50 an hour to $15. That's a whopping 43% increase. Next year, every restaurant, big and small, will have to pay their workers at least $15 an hour.

A big victory for workers, right? That's how it's depicted by the "Fight for $15" crowd. And, yes, if you held a full-time minimum-wage job over those years, your gross income would have gone up by $9,360.

But those massive wage hikes come at a painful cost that backers refuse to acknowledge. They kill jobs. Just like they're doing right now in New York City. In just the last three months of last year, 4,000 workers lost jobs at full-service restaurants, Bureau of Labor Statistics data show. By the end of last year, there were fewer restaurant workers in the city than in November 2016. Even though overall employment climbed by more than 163,000.
Click to expand...
Thanks, T4T.
 
Another Republican thread attacking the lowest paid workers in America. Is there any question where the parties stand?

I can't wait for an answer I am too busy on behalf of all Democrats starting a thread against the embarrassingly rich
taxed at Capital gains rates and Fortune 500 corporations that pay no taxes at all and Presidents who discharge debts and hire illegals, write off their wages through sham businesses or don't report them and pay no taxes and who best friends traffic in children who provide sex for money for old married men. That's the Republican president, people.
 
cawacko said:
It’s not about New York per se. It’s about the (big) cities that have passed $15/hr minimum wages and the results and the desire by some to force them national.

You’re right Kansas isn’t New York. However folks who want $15 minimum wage for everyone seem to think it is.
Click to expand...

I don't think raising it as an issue is "forcing" it national, living on peanuts ain't easy being it NY or Kansas, so it is a concern all over the country

One of the arguements against it are the fears of cost push inflation, but there is no proof of that other than rhetoric, if the "invisible hand" does exist, it will balance out
 
SmarterthanYou said:
it's almost like democrats don't understand economics.................but I repeat myself
Click to expand...

You promised at least 3% growth if your stupid tax cut was passed.

Actual growth? 2.85%, below Obama's 2015 GDP of 2.88%.

Also, every single recession from the last 40 years began with a Conservative in the White House.
 
archives said:
I don't think raising it as an issue is "forcing" it national, living on peanuts ain't easy being it NY or Kansas, so it is a concern all over the country

One of the arguements against it are the fears of cost push inflation, but there is no proof of that other than rhetoric, if the "invisible hand" does exist, it will balance out
Click to expand...

Bernie and others are/have been running on a $15/hr national minimum wage. It’s been out there for a while as an issue.

I don’t believe the federal minimum wage should be changed. If cities or states want to change theirs they can do so.

There has been lots of research done on Seattle’s minimum wage increase and the results have been a mixed bag. Helps some hurts others.

But Manhattan, NY and Manhattan, KS are two very different places when it comes to cost of living and to say one size should fit all for both locations overlooks a lot of economic reality
 
cawacko said:
Bernie and others are/have been running on a $15/hr national minimum wage. It’s been out there for a while as an issue.

I don’t believe the federal minimum wage should be changed. If cities or states want to change theirs they can do so.

There has been lots of research done on Seattle’s minimum wage increase and the results have been a mixed bag. Helps some hurts others.

But Manhattan, NY and Manhattan, KS are two very different places when it comes to cost of living and to say one size should fit all for both locations overlooks a lot of economic reality
Click to expand...

In other words, you are back to the arguement we see a lot from conservatives on an array of issues, let the States decide on their own.

With some issues I'll admit it is appropriate, but let's say when a Walmart in Kansas is paying their employees next to nothing while we nationwide war funding the safety net programs as Medicare to keep these people above poverty it does become a national concern
 
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