Restaurant die-off is first course of California’s $15 minimum wage

Discussion in 'Economy' started by AsianTrumpSupporter, Jun 20, 2017.

  1. AsianTrumpSupporter
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    AsianTrumpSupporter Platinum Member

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    Restaurant die-off is first course of California’s $15 minimum wage

    In a pair of affluent coastal California counties, the canary in the mineshaft has gotten splayed, spatchcocked and plated over a bed of unintended consequences, garnished with sprigs of locally sourced economic distortion and non-GMO, “What the heck were they thinking?”

    The result of one early experiment in a citywide $15 minimum wage is an ominous sign for the state’s poorer inland counties as the statewide wage floor creeps toward the mark.

    Consider San Francisco, an early adopter of the $15 wage. It’s now experiencing a restaurant die-off, minting jobless hash-slingers, cashiers, busboys, scullery engineers and line cooks as they get pink-slipped in increasing numbers. And the wage there hasn’t yet hit $15.

    As the East Bay Times reported in January, at least 60 restaurants around the Bay Area had closed since September alone.

    A recent study by Michael Luca at Harvard Business School and Dara Lee Luca at Mathematica Policy Research found that every $1 hike in the minimum wage brings a 14 percent increase in the likelihood of a 3.5-star restaurant on Yelp! closing.

    Another telltale is San Diego, where voters approved increasing the city’s minimum wage to $11.50 per hour from $10.50, this after the minimum wage was increased from $8 an hour in 2015 – meaning hourly costs have risen 43 percent in two years.

    The cost increases have pushed San Diego restaurants to the brink, Stephen Zolezzi, president of the Food and Beverage Association of San Diego County, told the San Diego Business Journal. Watch for the next mass die-off there...

    Luckily, I live in the central coast area between L.A. and San Francisco, so this area hasn't gone as extreme left as those parts of California.
     
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  2. Penelope
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    Maybe they should not pass the wage increase on to the consumer. Sooner or later these business owners need to take the hit.
     
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  3. AsianTrumpSupporter
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    AsianTrumpSupporter Platinum Member

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    They're trying. More and more fast food places are implementing self-service kiosks here in California. I don't blame them either.
     
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  4. Penelope
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    I so doubt that this is due to the wage increase, shame on them for paying min wage in the state to begin with. The cost of living is high in San Diego, and that is all they make. There comes a time when the worker just needs to say hell with it when the business owners want to get rich off their backs. I bet they do not even cost share health insurance. Self serve, well we all know waitresses do not make min wage.
     
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  5. The Irish Ram
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    The Irish Ram LITTLE GIRL / Ram Tough

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    RUN........
     
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  6. Penelope
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    Run to a GOP state, like Texas or WI really any in the eastern south if you want to eat out, I bet their food is the same price.
     
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  7. Mr Clean
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    Generally, restaurants go out of business because their food and/or service sucks.
     
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  8. The Irish Ram
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    Owning one in GOP Ohio, I think qualifies me to weigh in on the subject. No, the prices are not as high, and the plates are fuller. And the gas it takes to get here, is less expensive. Sorry.
    There is a reason why there is a mass exodus from California. They can't get anything right. Oh, and your gas is going to be taxed some more, again... because your cows fart.
     
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    :lmao:
     
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    retarded.jpg
     
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