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Thread: Seattle's new minimum wage hasn't raised retail prices

  1. #21
    Veteran Member Southern Dad's Avatar
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    Quote Originally Posted by Æthelfrith View Post
    Why haven't you referred to an empirical study into employment and hours effects? We'd often expect hours to fall as low wage workers often have backward bending labour supply curves (e.g. target income youngsters who are studying; families forced into multiple employments to make ends meet etc)
    I deal in real facts. You increase what pay for labor then you can watch me outsource and automate so that I need less manhours. You can still call it a win. Wages will go up but number of hours will go down.

  2. #22
    Veteran Member ptif219's Avatar
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    Quote Originally Posted by boontito View Post
    It was a response with just as much merit as your question though.
    It has caused McDonalds to get automated and reduce employees

    https://townhall.com/tipsheet/christ...5hour-n2252849

    A former McDonald's CEO is laying the blame on the "Fight for $15" movement as for why the company is embracing automation in its restaurants. McDonald's will install self-serve kiosks in its restaurants around the country to replace human cashiers.

  3. #23
    Scucca Æthelfrith's Avatar
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    Quote Originally Posted by Southern Dad View Post
    I deal in real facts. You increase what pay for labor then you can watch me outsource and automate so that I need less manhours. You can still call it a win. Wages will go up but number of hours will go down.
    No, you're making a standard spurious conclusion error. Its really tiresome as I'm sure you've been told about it before.

    You've suggested that any hours effects is a negative phenomenon. We cannot make that assumption. Backward bending labour supply is a classic example.

  4. #24
    RNG
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    Quote Originally Posted by Æthelfrith View Post
    Why haven't you referred to an empirical study into employment and hours effects? We'd often expect hours to fall as low wage workers often have backward bending labour supply curves (e.g. target income youngsters who are studying; families forced into multiple employments to make ends meet etc)
    So why does it appear that in fact not as low wage earners are getting fewer hours now?

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    Scucca Æthelfrith's Avatar
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    Quote Originally Posted by RNG View Post
    So why does it appear that in fact not as low wage earners are getting fewer hours now?
    Sorry, you're not making much sense. Could you try again?

  6. #26
    It's a trap AttusBlack's Avatar
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    Quote Originally Posted by Dittohead not! View Post
    After a year, Seattle's new minimum wage hasn't raised retail prices



    Saw this while in Seattle recently. Thought it was interesting. Sometimes, prophecies of gloom and doom don't come true.
    So peoples wages were raised to $13 per hour and their hours where then cut by 10% resulting in a net loss of $125 Per employee take home on avg per month. So make more per hour, work less hours per week, and reduce overall net income per month. Yep its working out for the employees really well! LMFAO
    Last edited by AttusBlack; 26th June 2017 at 11:56 AM.

  7. #27
    It's a trap AttusBlack's Avatar
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    Quote Originally Posted by Thx1138 View Post
    Um, 42?

    https://www.quora.com/Why-and-how-is...and-everything

    (covfefe?)

    It is more conducive to a thriving economy to have more money in more hands, not fewer.

    See, people need at least enough money to show up for work Monday morning... you could pay less, but they have a tendency to starve to death and thus interrupt business.

    The minimum wage needs a COLA a Cost of Living Adjustment.

    Thx
    They aren't putting more money into peoples hands, the employee may make more per hour, yet their hours have been decreased and their net income has been reduced by $125 per month on avg. gofigure

  8. #28
    You just made the list! Macduff's Avatar
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    Same study said that it cost workers about $125 a month in lost hours.

  9. #29
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    And that $65,000 house you wanted to buy is still priced at $175,000 after the housing bubble. We'd better fight to drop that minimum wage again so I can get my $125/month back and save it... at .013% interest or whatever they'll pay me these days, so I can be upwardly mobile and possibly invest in my own property.

    The minimum wage thing always struck me as shifting too much of the burden onto small businesses, and really being just a drop in the bucket anyway.

    I don't really know...is $125/month a lot in Seattle? Or is Seattle phenomenally expensive?

  10. #30
    Scucca Æthelfrith's Avatar
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    Quote Originally Posted by Macduff View Post
    Same study said that it cost workers about $125 a month in lost hours.
    Please quote from the study, referring directly to the $125 claim. Cheers!

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