Democrats getting a lesson in Economics 101

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Fast food restaurants in California are raising prices and laying off workers since the $20 minimum wage for FF workers into effect on April 1st. What did they expect? That restaurants would pay this wage and graciously not raise prices? Those jobs were never meant to provide a living wage. Just causes more inflation and those workers are right back to where they were. Let’s see how many of those workers come off social safety net programs with the higher wages. I’m betting very few. Why don’t democrats understand how capitalism works?

And don’t forget, Panera Bread is exempt from this new minimum wage law. Panera has 24 locations in California all owned by Gregg Flynn, Gavin Newsom’s friend and billionaire campaign donor. Why does Panera get a break and other FF chains don’t? Talk about corruption and crony capitalism. If minimum wage laws actually worked (they don’t) then they should apply to all these businesses not just the ones that aren’t owned by a friend of the Governor. What a joke.

No, right wing propaganda victim, it is not. https://la.eater.com/2024/3/1/24087062/california-fast-food-ab-1228-panera-minimum-wage-exception-gavin-newsom-bread

Did you actually read the article you pasted from your liberal source? Lots of “mays”, “coulds”, “shoulds” but nothing definitive. Newsom is backtracking because he got caught red-handed favoring his political donors. Besides, why should bakeries be exempt while other businesses aren’t? So Gov Hair Gel Newson doesn’t care about the poorly paid workers in bakeries? Also I didn’t think democrats liked Billionaires….what’s up with that? Another victim of left wing propaganda left in the dust.

Mays coulds and shoulds are evidently enough for you to parrot right wing propaganda so…

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Maybe if corporations could reduce the compensation of CEOs and shift that pay to the people who actually do the hard work, they wouldn’t have to raise prices.

This seems like the obvious solution to me. No one’s labor is worth 10s of millions a year. No one’s.

I agree but I’ll take that over what socialism would eventually do to this country.

A tax code that doesn’t favor the wealthy and corporations is not socialism.

Please stop with this mythical Dem talking point. The tax code doesn’t favor the wealthy. Just the opposite.

The top 50% of earners in America pay 97% of federal income taxes.

https://taxfoundation.org/data/all/federal/latest-federal-income-tax-data-2024/

The top 1% of earners pay 45% of federal income taxes.

“Their study showed that the top 10 percent of U.S. taxpayers paid a larger share of the tax burden than their counterparts in other countries and our poorest taxpayers had the lowest income tax burden compared to poor taxpayers in other countries due to refundable tax credits such as the Earned Income Tax Credit and the Child Tax Credit.”

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Fast food restaurants in California are raising prices and laying off workers since the $20 minimum wage for FF workers into effect on April 1st. What did they expect? That restaurants would pay this wage and graciously not raise prices? Those jobs were never meant to provide a living wage. Just causes more inflation and those workers are right back to where they were. Let’s see how many of those workers come off social safety net programs with the higher wages. I’m betting very few. Why don’t democrats understand how capitalism works?

And don’t forget, Panera Bread is exempt from this new minimum wage law. Panera has 24 locations in California all owned by Gregg Flynn, Gavin Newsom’s friend and billionaire campaign donor. Why does Panera get a break and other FF chains don’t? Talk about corruption and crony capitalism. If minimum wage laws actually worked (they don’t) then they should apply to all these businesses not just the ones that aren’t owned by a friend of the Governor. What a joke.

No, right wing propaganda victim, it is not. https://la.eater.com/2024/3/1/24087062/california-fast-food-ab-1228-panera-minimum-wage-exception-gavin-newsom-bread

Did you actually read the article you pasted from your liberal source? Lots of “mays”, “coulds”, “shoulds” but nothing definitive. Newsom is backtracking because he got caught red-handed favoring his political donors. Besides, why should bakeries be exempt while other businesses aren’t? So Gov Hair Gel Newson doesn’t care about the poorly paid workers in bakeries? Also I didn’t think democrats liked Billionaires….what’s up with that? Another victim of left wing propaganda left in the dust.

Mays coulds and shoulds are evidently enough for you to parrot right wing propaganda so…

Seriously, DCUM is overwhelmed with posts parroting left wing propaganda. Take the blinders off please.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Poor corporations can’t just treat people like they’re disposable? Boo hoo. Let the owners sling their own food if the jump from $16/$17 to $20 was too much.

You clearly have never run a business. They raised the employees’ wages and then raised their prices accordingly. Evidently, if your business, Panera Bread, is owned by a friend of the Governor then it’s ok to “treat people like they’re disposable”. Another shining example of Liberal hypocrisy.

What are the CEOs of these corporations making?

A lot more than you.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Maybe if corporations could reduce the compensation of CEOs and shift that pay to the people who actually do the hard work, they wouldn’t have to raise prices.

This seems like the obvious solution to me. No one’s labor is worth 10s of millions a year. No one’s.

I agree but I’ll take that over what socialism would eventually do to this country.

Why do Republicans always run to hyperbole? OMG socialism!! If people can make a living wage, it’s socialism! We’re all gonna dieeeeee!!!!

A living wage flipping burgers and making fries. Really? Get real. With that logic you are overpaid for whatever you do.

[Anonymous]

I saw an interview with a McD's franchise owner, moaning about the increase. Then he casually mentioned that the has eighteen franchises - do you know how much liquidity it takes to own eighteen fricking franchises? Cry me a river.

And again - if your business model is based on paying workers less than a living wage, you're either bad at business or are morally bankrupt.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Maybe if corporations could reduce the compensation of CEOs and shift that pay to the people who actually do the hard work, they wouldn’t have to raise prices.

This seems like the obvious solution to me. No one’s labor is worth 10s of millions a year. No one’s.

I agree but I’ll take that over what socialism would eventually do to this country.

Why do Republicans always run to hyperbole? OMG socialism!! If people can make a living wage, it’s socialism! We’re all gonna dieeeeee!!!!

A living wage flipping burgers and making fries. Really? Get real. With that logic you are overpaid for whatever you do.

Yes, for flipping burgers. Check your privilege.

[Anonymous]

Anonymous wrote:Fast food restaurants in California are raising prices and laying off workers since the $20 minimum wage for FF workers into effect on April 1st. What did they expect? That restaurants would pay this wage and graciously not raise prices? Those jobs were never meant to provide a living wage. Just causes more inflation and those workers are right back to where they were. Let’s see how many of those workers come off social safety net programs with the higher wages. I’m betting very few. Why don’t democrats understand how capitalism works?

Teachers are quitting because they can make more money flipping hamburgers than trying to educate your stupid brats with the added plus of not having to deal with entitled parents.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Fast food restaurants in California are raising prices and laying off workers since the $20 minimum wage for FF workers into effect on April 1st. What did they expect? That restaurants would pay this wage and graciously not raise prices? Those jobs were never meant to provide a living wage. Just causes more inflation and those workers are right back to where they were. Let’s see how many of those workers come off social safety net programs with the higher wages. I’m betting very few. Why don’t democrats understand how capitalism works?

Teachers are quitting because they can make more money flipping hamburgers than trying to educate your stupid brats with the added plus of not having to deal with entitled parents.

Not in Fairfax County. They aren't making more money flipping burgers than teaching... not even close. Sorry about your BS.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Fast food restaurants in California are raising prices and laying off workers since the $20 minimum wage for FF workers into effect on April 1st. What did they expect? That restaurants would pay this wage and graciously not raise prices? Those jobs were never meant to provide a living wage. Just causes more inflation and those workers are right back to where they were. Let’s see how many of those workers come off social safety net programs with the higher wages. I’m betting very few. Why don’t democrats understand how capitalism works?

Teachers are quitting because they can make more money flipping hamburgers than trying to educate your stupid brats with the added plus of not having to deal with entitled parents.

Not in Fairfax County. They aren't making more money flipping burgers than teaching... not even close. Sorry about your BS.

+1 not in MCPS either. They must be in a red state where teacher is pay. Maybe FL?

[Anonymous]

Anonymous wrote:Fast food restaurants in California are raising prices and laying off workers since the $20 minimum wage for FF workers into effect on April 1st. What did they expect? That restaurants would pay this wage and graciously not raise prices? Those jobs were never meant to provide a living wage. Just causes more inflation and those workers are right back to where they were. Let’s see how many of those workers come off social safety net programs with the higher wages. I’m betting very few. Why don’t democrats understand how capitalism works?

No Republicans need a lesson on how to spend money.

They think life will be less expensive after a Trump win.
That is by far the dumbest thing I have been hearing.

Oh please your peeps give to the likes of Trump, Lindell, Rudy, Ginni, MTG, Bobo, and Kari Lake over and over again.

And your peeps invested in Truth Social......

And your peeps raise the NATIONAL DEBT every single time we have a Repuke president and Dems have to clean up the mess.

[Anonymous]

So, if the burger flipper is making $20/hr, everyone "above" him/her will also need a wage increase.
This is just stupid. Minimum wage jobs are not intended to support a family. Never have been.

I hope CA soon learns the ramifications of such a dumb move. Sad thing is, the people of Ca will suffer as a result.
Another reason dear Gavin will never be president. We don't want to make the US California. He has screwed up everything he has touched.

And, Gavin seems to have ensured that HIS businesses are exempt......

California’s fast food franchisees must hike their minimum wage to $20 an hour under a law Gov. Gavin Newsom (D.) hailed as "extraordinarily beneficial." His own luxury restaurants, meanwhile, are paying their workers less.

Active job listings for Newsom's PlumpJack Cafe, which touts its status as "Lake Tahoe's premier dining destination," advertise "busser," "host," "server," and "food runner" positions with $16 hourly wages. The restaurant is located steps from Palisades Tahoe—California's top ski resort—and features a full bar, fine wines including a $5,300 bottle of Burgundy, and high-priced entrees. Pan-roasted Norwegian salmon, for example, costs $49, while the prime New York strip costs $67.

Another Newsom-owned restaurant—the Balboa Cafe, located in San Francisco's fashionable Marina district—is also hiring. The restaurant seeks an "on-call cocktail server" for $18.07 per hour, according to an online posting. The cafe also offers a full bar and an array of luxury items, including a $38 charcuterie board, $27 wild mushroom risotto, $24 "mussels mariniere," and a $38 filet mignon.

The restaurants' hiring sprees come as the Newsom-backed fast food minimum wage law, which took effect Monday, prompts layoffs and price hikes across California. Starting this month, pizza chains will permanently fire hundreds of workers, state records show. Burger King and other fast food franchises responded to the law by raising prices.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Fast food restaurants in California are raising prices and laying off workers since the $20 minimum wage for FF workers into effect on April 1st. What did they expect? That restaurants would pay this wage and graciously not raise prices? Those jobs were never meant to provide a living wage. Just causes more inflation and those workers are right back to where they were. Let’s see how many of those workers come off social safety net programs with the higher wages. I’m betting very few. Why don’t democrats understand how capitalism works?

Teachers are quitting because they can make more money flipping hamburgers than trying to educate your stupid brats with the added plus of not having to deal with entitled parents.

Not in Fairfax County. They aren't making more money flipping burgers than teaching... not even close. Sorry about your BS.

All teachers are grossly underpaid. Starting salary for a teacher of any grade should be $100,000.

[Anonymous]

WTH doesn't anyone look at the corporations themselves? How much are the CEOs making (can't they lower their salaries)? How many Walmart employees are on public assistance (because they refuse to hire people full time)? Why do companies build planned obsolescence into their profit strategy (i.e. can't get a washing machine part after 6 years)?

The problem is we need to start taxing corporations in addition to focusing on wages. Except many low wage folks vote for Republicans who love corporate welfare and love to blame illegal immigration on individuals instead of the corporations that hire them.

[Anonymous]

McDonalds CEO
~$20M 2023
"Overall, Kempczinski’s total compensation was 1,212 times median employee pay last year, according to the filing."
https://www.restaurantbusinessonline.com/financing/mcdonalds-ceo-chris-kempczinski-got-raise-last-year#:~:text=He%20was%20paid%20a%20base,than%20he%20received%20in%202022.

Taco Bell CEO
~5.3M 2022
https://www1.salary.com/Mark-King-Salary-Bonus-Stock-Options-for-YUM-BRANDS-INC.html

Starbucks CEO
$14M 2023
"STARBUCKS SAYS RATIO OF CEO’S ANNUAL TOTAL COMPENSATION TO MEDIAN EMPLOYEE’S ANNUAL TOTAL COMPENSATION FOR FISCAL YEAR 2023 IS 1,028 TO 1"
https://www.xm.com/research/markets/allNews/reuters/starbucks-says-ceo-laxman-narasimhans-2023-total-compensation-was-146-mln-versus-88-mln-in-2022-53736352#:~:text=O%3A-,STARBUCKS%20SAYS%20CEO%20LAXMAN%20NARASIMHAN'S%202023%20TOTAL%20COMPENSATION%20WAS%20%2414.6,2023%20IS%201%2C028%20TO%201

Wendy's CEO
$8M 2022
https://www1.salary.com/Todd-A-Penegor-Salary-Bonus-Stock-Options-for-WENDYS-CO.html