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General Category >> Politics, Religion (Tall Table) >> What did they expect?
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Message started by justin_o_guy2 on 01/07/18 at 10:13:07

Title: What did they expect?
Post by justin_o_guy2 on 01/07/18 at 10:13:07

https://hotair.com/archives/2018/01/06/canadians-shocked-minimum-wage-hike-negatively-impacts-workers/

When the cost of labor gets high enough and the work can be done robotically, the robot gets the job. The cost of paid vacations, the cost of maintaining employment records, paying workers compensation, all gone. The break time , possible thefts, gone.. instead of health insurance for all, a maintenance man,

Title: Re: What did they expect?
Post by justin_o_guy2 on 01/07/18 at 17:59:29

Nothing? No surprise?
Don't understand how what You thought was a great idea SCREWED the people you Thought it would help?

If the free market won't do it, social engineering Sure Won't.
Only a complete lack of understanding would ever allow someone to believe that legislative pressure to force someone to pay more than the labor is WORTH can actually work.

The automotive industry used unions to help destroy themselves.

Title: Re: What did they expect?
Post by justin_o_guy2 on 01/07/18 at 19:22:37

If I was always Wrong
I'd shut up and start asking questions..

Title: Re: What did they expect?
Post by Trippah on 01/07/18 at 19:51:11

JOG. but tweety President blamed immigrants for taking all the jobs. .when it really was robotics. OMG...I'm shocked to learn he would lie. :o :o :o

Title: Re: What did they expect?
Post by justin_o_guy2 on 01/07/18 at 20:12:34

You think it's already happened, don't you?

Title: Re: What did they expect?
Post by justin_o_guy2 on 01/07/18 at 23:09:40

Economic Law

basic fact of economics for businesses of all sizes is that when certain costs go up, like employee wages, other costs must be reduced in order for the businesses to retain a similar profit margin as was maintained before the changes.
Thus, we see that in response to a mandatory hike of the minimum wage in the Canadian province of Ontario, a franchisee of the popular Tim Hortons coffee chain has chosen to reduce certain employee benefits in response to higher labor costs rather than lay off any of their workers, according to The Washington Times.
The franchise owners, Jeri Horton-Joyce and Ron Joyce Jr. — daughter and son-in-law of founder Tim Horton — let their employees know in a letter that some of their benefits had been cut in response to the minimum wage rising by $2.40, an unfortunate but necessary unintended consequence of the mandatory pay raise.

Title: Re: What did they expect?
Post by justin_o_guy2 on 01/08/18 at 04:24:18

Do I Have to explain why raising the prices to cover the cost of the increase in labor isn't a good idea?
Could they do a little bit of all the answers?
Maybe,,
But robotics will be the long term solution to the cost of labor.

How hard is it to punch buttons and watch a machine make coffee?

Title: Re: What did they expect?
Post by Serowbot on 01/08/18 at 08:48:19

Maybe they could drop the CEO's $80 million salary to $70 million to pay for a minimum wage hike?... :-/

Title: Re: What did they expect?
Post by justin_o_guy2 on 01/08/18 at 09:40:22

The article is about a coffee shop chain.
You're possibly missing something.
The companies that ARE voluntarily raising the minimum and paying bonuses are big companies that are excluding management from the bonus.
Tax cuts are good so far.