Quote:
Originally Posted by woj
there is a finite number of jobs in Seattle, so obviously not everyone that wants a job there can get it? getting an entry level job at $15/hr is like winning a job lottery for some... so entry level workers will try to move to Seattle to get a job... BUT they won't be able to find one...
to make things even worse, if you remember first lecture of econ 101, when price of something goes up, the demand (by employers for labor) goes down... so number of available jobs will actually shrink...
this will probably turn into a complete disaster... hopefully will end these ridiculous socialist experiments once and for all...
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In Denver, Highlands Ranch to be exact.. The McDonnalds there had a sign on the door the entire time I was in the area (5 months). It said "Now Hiring" and after a bit of text it said $10/hr. (Anyone with half a brain and no criminal record can easily get a job for $15/hr or more meaning even at $10/hr it was most just school kids working there)
The Dollar menu still cost a dollar and most things seems to cost about the same as any other McDonnalds..
Meanwhile here in central FL.. the Dollar menu still costs a dollar and most things cost the same as any other McDonalds but they pay their employees here 7.65 to start.. (considering FL is a right to work state and wages are low, you see Adults working at McDonalds here because they don't get paid much better elsewhere for basic labor related jobs)
What is the difference? In one location the store makes a bit more profit per employee vs the other.
Wages really don't drive up per product cost very much in most businesses..