The proof really is in the pudding. Click on the photo below to see it full size. It’s a parking receipt from the Seattle-Tacoma Airport Valet Parking Area. (Use the back browser when you’ve had your peek, to get back here)
Yeppers, that’s a $6.93 surcharge (.99/day) for Seattle’s new $15/hr “Living Wage” law, that joins with the City Tax, the Airport Access Tax and of course Sales Tax. I just don’t comprehend the absolute ignorance of the Idiotarians behind this movement. McDonalds is still in the cross-hairs for the same wage for their employees. Clueless and Clue-fucked citizens that obviously believe that money really does grow on trees. We can try to explain it to them verbally, but a real life object lesson of the consequences is so much better to get through their pointed brain-pans.
Many companies survive on very thin profit margins. A massive increase in the cost of labor must come from somewhere. Companies can’t really survive by trimming their profits to pay for it as they’ll get abandoned by their stockholders which in turn causes a loss of capital needed for growth and maintenance. That “solution” would be tantamount to fiscal suicide, so we go with Plan “B”. Offset the increased costs of doing business by passing it along to the consumers. But wait a minute, if the cost of a Big Mac increases won’t that cause fewer sales? Damn right it will, which rolls back profits that they tried to protect anyway. It’s an economic paradox that only Progressives would try to unravel and of course, fail. But failure isn’t in their lexicon as long as they can provide bread and circuses to the unwashed masses. As I recall from history, that didn’t turn out very well either, but hey, no one ever said that liberals were capable of learning from history, or understanding the hard facts of economics.
With that out of the way, I proclaim an “Open Thread” for the holiday weekend. Cue the applause and….carry on
JB sends from the Commonwealth of MassiveTwoShits.
Time to look at investing in companies that make robotic hamburger machines?
Nah, what we need is to invest in is a BCA system..a Buttered Cat Array When a cat is dropped, it always lands on its feet. And when toast is dropped, it always lands with the buttered side facing down. I propose to strap buttered toast to the back of a cat; the two will hover, spinning inches above the… Read more »
I can see where a fast food dispensary would lose money with a wage of 15 dollars an hour. I don’t see where a car park would lose money or why they are overcharging the patrons. At $10 dollars an hour for 40 hours that is $400 dollars paid weekly in wages.. At $15 dollars an hour that is $600… Read more »
Quick question: Isn’t it the case that many people on McDonalds and WalMart level wages end up needing to use food stamps to get by? I’m pretty sure I’ve heard that from a few places. If that’s true, then what these companies are effectively doing is outsourcing a percentage of their wage overheads to the taxpayer. Surely it’s better to… Read more »
For them, there was no history before the election of the god-king B.H. Oblowme.
Muzzy – Imperial Ignorant Slut says: Quick question: Isn’t it the case that many people on McDonalds and WalMart level wages end up needing to use food stamps to get by? I’m pretty sure I’ve heard that from a few places. If that’s true, then what these companies are effectively doing is outsourcing a percentage of their wage overheads to… Read more »
Muzzy – Imperial Ignorant Slut says: I mean, yeah, increased wages lead inevitably to increased prices which, in turn, leads to decreased demand for services and a decreased demand for the labour of employees. But if all that means is that McDonalds can’t open more stores and some people lose a few shitty McJobs that aren’t worth having anyway, who… Read more »
LC Getalis, Imperial Czar of Pharmacology @ #: 1) It is the responsibility of every grown adult to pay their own way through life. It’s a responsibility, but not the only responsibility. Grown adults have many responsibilities. They’re responsible for raising, feeding, and taking care of their children. They may, depending on their circumstances, be responsible for caring for sick… Read more »
Minimum wage laws violate the right of property ownership. The job belongs to the employer, it’s their property and if they want to offer it at $X then it’s their right to do so. The government does not have the authority to dictate the wage rate anymore than it has the authority to tell youhow much you may ask for… Read more »
Muzzy – Imperial Ignorant Slut @ #: If the companies they worked for paid them a living wage then they wouldn’t have to. And if Santa Claus would just bring them free money, they wouldn’t have to. Problem is, there’s no such thing as Santa Claus. Likewise, there’s no such thing as a “living wage”. It’s a mythical creature, like… Read more »
Muzzy – Imperial Ignorant Slut @ #: There’s a second equation you’re forgetting. The employer’s value to the employee is also X, and if the compensation employers pay them is less than X, then the employee is forced to take one of three options: a) Find a better paying job or supplement their existing job with a second job. b)… Read more »
Because of the simple but powerful laws of supply and demand and the concept of the market-clearing price, passing laws to alter the behavior of individuals in the marketplace always reduces overall productivity and wealth creation in the marketplace. If the government requires the minimum payment for an hour of labor to be higher than the value the market assigns… Read more »
Muzzy – Imperial Ignorant Slut says: It’s a responsibility, but not the only responsibility. Grown adults have many responsibilities. They’re responsible for raising, feeding, and taking care of their children. They, also, on top of this, have to juggle the myriad responsibilities inherent to maintaining a successful marriage and/or the demands of the education they need to advance themselves. What… Read more »
Fa Cube Itches @ #: So raise the minimum wage to $5,000/hour and we’ll all be in great shape, since everyone will be buying new houses, cars, boats, appliances, etc., Plus, unemployment will be reduced to zero as production ramps up to make all of the new houses, cars, boats, appliances, etc. Good point. Raising the minimum wage too high… Read more »