California’s Workers Now Want $30 Minimum Wage — msn.com In January, California raised the minimum hourly wage from $11 to $16. In April, the minimum wage for fast-food workers went to $20. That’s a problem if you own a fast-food restaurant because in addition to the increased labor cost, you’ve got to deal with inflated prices for beef, poultry, vegetables, eggs, etc. You can either eat (no pun intended) the costs yourself or pass them on to customers, some of whom will become former customers because they can no longer afford to eat at McDonald’s. Another option is you can lay off workers — 10,000 fast-food workers in California have lost their job since the $20 minimum wage took effect. Nobody learned anything from that because now they want $30/hr. If you think about it for a minute, you’ll realize that if you have skills that are worth $30/hr, you’d… Read more →
EppsNet Archive: Minimum Wage
Fast Food Robots
How robots are helping address the fast-food labor shortage https://t.co/xh8Ghv9rZX — Paul Epps (@paulepps) January 21, 2023 There’s not really a fast food labor shortage. It’s created by the fact that unemployment benefits and ObamaCare subsidies can total up to $120,000 per year for a family of four. Not bad! If you can make six figures for doing nothing, you wanna go be a fry cook? The robots address the fact that the absurdly high numbers that people want to make for minimum-wage work is well beyond the value that minimum-wage workers add to the bottom line. The real minimum wage is always zero. Read more →
Minimum Wage: $33.58/hr?
Here’s a factoid someone posted on LinkedIn: If the minimum wage had kept up with CEO pay since 1978, it would be $33.58 an hour now. Assuming that’s true, it’s also true that a lot of people do not have skills worth $33.58/hr and it would therefore be illegal for those people to have a job. Also, no one is required to work for minimum wage. If you want to make $33.58/hr, get a job that pays that. If you can’t, then be happy that $33.58/hr isn’t the minimum wage and you can still get a job that pays what your skills are worth. Read more →
Do You Know What They Call a Quarter-Pounder in Denmark?
It is utterly embarrassing that “pay people enough to live” is a stance that’s even up for debate. Override the parliamentarian and raise the wage. McD’s workers in Denmark are paid $22/hr + 6 wks paid vacation. $15/hr is a deep compromise – a big one, considering the phase in. — Alexandria Ocasio-Cortez (@AOC) March 3, 2021 Denmark doesn’t have a statutory minimum wage though. Per-capita income in the US is about the same as in Denmark, even though we are a multi-cultural nation of around 330 million people that naturalizes another 900,000 people every year, many from poor nations, and that Denmark is a homogeneous country of fewer than 6 million citizens that, in recent years, has effectively shut down its borders to poor immigrants. Also, in Denmark, everyone pays high taxes, not just the high earners. A Danish fast-food employee at $22/hr (about $45,000/yr) pays around half their… Read more →
Amazon Has Good News and Bad News for You on the Minimum Wage
Good News: We are raising the minimum wage for all U.S. employees to $15 an hour. Bad News: We’re replacing all of you with robots. Read more →
Good News, Bad News on Minimum Wage
Good news: Seattle (among other cities) has established a $15.00 minimum wage. Bad news: Seattle (among other cities) is automating minimum wage jobs out of existence. Readers are invited to formulate their own cause-and-effect hypotheses. Read more →
Minimum Wage Proposal: $0.00
You can’t make ends meet on 8 bucks an hour? I can see where that would be a problem. When did fast food jobs become jobs for family breadwinners? Fast-food jobs are for high-school kids. You want to make $15 an hour? Simple: get a job that pays $15 an hour. What’s stopping you? Other than your lack of skills, education, motivation and accomplishments? If no employer is willing to pay you $15 an hour, then guess what? You’re not worth $15 an hour. You need to do something about that. Why is $15 an hour the magic number? Why not $16? Or $17? Why not $50 an hour? At $50 an hour, everyone would make a nice 6-figure income and poverty would be a thing of the past, right? If you raise the price of a product or service, the demand for the product or service goes down —… Read more →
A $15 Minimum Wage is Not Going to Help You
Fast Food Workers Will Strike On Thursday In L.A. : LAist Fast food workers staged a one-day strike for “living wages.” More specifically, they want the federal minimum wage to be raised from $7.25 an hour to $15. You want to make a living wage? I’ll tell you how to make a living wage. I’ve had a lot of jobs and this method has never failed me. Here it is: Before accepting a job offer, you always ask yourself, “Does this job pay enough for me to live on?” And if the answer is no, then you don’t take that job. If you want to earn $15 an hour, do what I do: get a job that pays $15 an hour. Who’s stopping you? If no one’s willing to pay you $15 an hour, it’s because the skills, intelligence and motivation that you bring to the table don’t allow you… Read more →