California secures $20 min wage for fast food workers

[LateToCult 42,165]

 

 

And it’s still not enough for them tbh. California is so damn expensive. 

[River 128,873]

5 minutes ago, LateToCult said:

Also, can a mod embed the tweet for me? I’m so tired of it not working. 

fixed.

make sure it's twitter.com and not x.com

[Economy 53,143]

1 hour ago, LateToCult said:

 

 

And it’s still not enough for them tbh. California is so damn expensive. 

Capitalism the way it works (especially today) will ensure no matter how much u raise minimum wage, it will never be "enough"...

 

Cost of stuff will rise with wage gains and higher skilled ppl will demand higher wages too if they start to get closer to minimim wage...

 

Also stuff that may be in shortage like housing (which i know applies to California) will get bid up higher as wages rise

 

Its a structural problem with a system that has flaws at its core. Im not saying dont bother to raise minimum wage but im also saying its impacts have limits. The system ensures the lowest earners will struggle no matter what, even if the bottom is raised

[Shipper 13,114]

I see so many restaurants will close down. Small businesses cant afford this so prices will go up and people will go to smaller, niche restaurants less.

 

[phantasmas 12,463]

why couldnt this happen when i was flipping burgers 15yrs ago 

[sarahb 17,252]

Oh wow, with the exchange rate that's higher than what I'm earning at my hospitality job in Australia  

I'd better not tell my Californian supervisor I don't want him to go back

[PartySick 174,611]

2 hours ago, Shipper said:

I see so many restaurants will close down. Small businesses cant afford this so prices will go up and people will go to smaller, niche restaurants less.

 

If you can't afford to operate without your employees being in poverty then your business was doomed to fail from the beginning. Small businesses usually pay more than chains anyway.

OT: Still not where it should be but it's a start. It's incredible that we've normalized people living paycheck to paycheck, going hungry, and having to share rent despite devoting 40+ hours a week to working.

We're going through something I've seen referred to as the "silent depression". Others call it "late stage capitalism".

Whatever you call it, the price of living has exploded exponentially over the last few decades but wages have failed to make any kind of meaningful pace beside it.

Going back to the 1960s, if the federal minimum wage kept up with both inflation and worker productivity, it would be $24 an hour instead of $7.25. Workers in states like California should be making above $30 an hour at minimum and new laws need to be on the books to curb price gouging and false "scarcity"

You can't blame a 3% inflation rate and a $4.50 an hour raise for prices being two or three times higher or even more.

My last retail job was during covid. As a manager, I had access to both how much a product cost to be shipped to us and how much we sold it for. I sat there and watched the company mark up prices on items to an insane degree.

Something could cost us $0.80 to get in stock and we sold it for $1.50 pre-pandemic. Before I quit, that same item might cost us $1.00 but we sold it for $5.00.

It's pure greed and a lack of meaningful regulation.

[Economy 53,143]

2 hours ago, PartySick said:

If you can't afford to operate without your employees being in poverty then your business was doomed to fail from the beginning. Small businesses usually pay more than chains anyway.

OT: Still not where it should be but it's a start. It's incredible that we've normalized people living paycheck to paycheck, going hungry, and having to share rent despite devoting 40+ hours a week to working.

We're going through something I've seen referred to as the "silent depression". Others call it "late stage capitalism".

Whatever you call it, the price of living has exploded exponentially over the last few decades but wages have failed to make any kind of meaningful pace beside it.

Going back to the 1960s, if the federal minimum wage kept up with both inflation and worker productivity, it would be $24 an hour instead of $7.25. Workers in states like California should be making above $30 an hour at minimum and new laws need to be on the books to curb price gouging and false "scarcity"

You can't blame a 3% inflation rate and a $4.50 an hour raise for prices being two or three times higher or even more.

My last retail job was during covid. As a manager, I had access to both how much a product cost to be shipped to us and how much we sold it for. I sat there and watched the company mark up prices on items to an insane degree.

Something could cost us $0.80 to get in stock and we sold it for $1.50 pre-pandemic. Before I quit, that same item might cost us $1.00 but we sold it for $5.00.

It's pure greed and a lack of meaningful regulation.

Thats very different from Canada then. Average conpensation is higher in large businesses not small ones...

 

Assuming of course u compare apples to apples in the same sector as some small to medium sized businesses dominate higher paying sectors like construction and manufacturing while larger businesses tend to dominate in chains for things like retail

 

If you take a small business construction job they will obviously still pay more than walmart (a large corp). But a large construction company would typically pay more