Quote:
Originally Posted by newB
Let's say they raise the minimum for service industry. What happens next? You think the restaurants are going to go out of pocket. Nope, prices will be raised and will be passed to the customer. End result? Suck ass service staff who will make the same amount whether they take good care of their customers or not.
BTW, most restaurants don't make "millions in profits" - profit margin on food is nickel and dimes. Soda, tea, and coffee are where the majority of mark-up is, followed by the bar.
I made bank working as a bartender for $2.13/hr, but I worked hard and was good at reading people. I earned a reputation that had customers coming back.
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That's the problem, people like AOC don't run businesses and really don't understand the effects it has on the economy. Raising the min wage to $15 an hr., things will end up costing more. Goods will rise, rents will rise and will push more people into welfare and housing programs. Then you'll have to tax the hell out of the people to pay for these social programs. It's an ugly cycle that won't work. Leftist policies do not work.
Let's just jump full bore into $100 dollar an hour wage so we can just destroy it, get over it, and never do it again.