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Thread: Democrats and Economics
02-15-2024, 03:13 PM
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#1
- freeheeler
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- freeheeler
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Democrats and Economics
From the Ectocanuck school of Biden boom economics
https://www.foxnews.com/politics/cal...l-minimum-wage
https://www.foxnews.com/politics/cal...l-minimum-wage
https://www.foxnews.com/politics/cal...l-minimum-wage
A Monday night debate in California between several candidates vying for an open Senate seat included a question about raising the minimum wage to $50, an idea that one Democrat candidate has floated.
"In the Bay Area, I believe it was the United Way that came out with a report that very recently $127,000 for a family of four is just barely enough to get by," Democrat Congresswoman Barbara Lee said when asked to defend her previous support of a $50 minimum wage and explain how it would be "sustainable."
Lee has previously called for a $50 minimum wage, which would amount to around $104,000 per year of income. The federal minimum wage is $7.25 per hour and ranges from $16 to $20 in California.
"Just do the math. Of course, we have national minimum wages that we need to raise to a living wage," Lee continued. "We’re talking about $20, $25 — fine. But I have got to be focused on what California needs and what the affordability factor is when we calculate this wage."
Former baseball star Steve Garvey, the only Republican on the stage, told the moderators that the minimum wage "is where it is and should be."
"If you look at what California has done to fast-food franchises right now, increasing the minimum wage to $20, and what’s going to happen," Garvey said. "That’s going to increase costs for hardworking Californians to go to a franchise to get a Big Mac for $9, it’s going to be $15."
took issue with Garvey’s statement and said that so many people are living on the street because they are being paid "poverty wages." "Try to find a house anywhere in California when you’re earning minimum wage," Schiff told Garvey. "We have to raise people’s incomes."
And the consequences"In the Bay Area, I believe it was the United Way that came out with a report that very recently $127,000 for a family of four is just barely enough to get by," Democrat Congresswoman Barbara Lee said when asked to defend her previous support of a $50 minimum wage and explain how it would be "sustainable."
Lee has previously called for a $50 minimum wage, which would amount to around $104,000 per year of income. The federal minimum wage is $7.25 per hour and ranges from $16 to $20 in California.
"Just do the math. Of course, we have national minimum wages that we need to raise to a living wage," Lee continued. "We’re talking about $20, $25 — fine. But I have got to be focused on what California needs and what the affordability factor is when we calculate this wage."
Former baseball star Steve Garvey, the only Republican on the stage, told the moderators that the minimum wage "is where it is and should be."
"If you look at what California has done to fast-food franchises right now, increasing the minimum wage to $20, and what’s going to happen," Garvey said. "That’s going to increase costs for hardworking Californians to go to a franchise to get a Big Mac for $9, it’s going to be $15."
took issue with Garvey’s statement and said that so many people are living on the street because they are being paid "poverty wages." "Try to find a house anywhere in California when you’re earning minimum wage," Schiff told Garvey. "We have to raise people’s incomes."
https://www.foxnews.com/politics/cal...l-minimum-wage
Fast-food prices in California are set to rise this spring with businesses responding to the state’s $20 per hour minimum wage law for fast-food workers that will take effect on April 1, 2024.
The law was signed by California Governor Gavin Newsom last fall and will require a $20 per hour minimum wage at all restaurants with at least 60 locations nationwide – though the law includes an exception for restaurants that make and sell their own bread.
Several major fast-food franchises, including McDonald’s and Chipotle, have already signaled that prices will have to rise in response to the increased labor costs.
"Everyone is going to have to pay more," Jack Hartung, chief financial officer of Chipotle, said in the Wall Street Journal. The California-based company expects to raise prices by about 5% to 9% more at its restaurants in the Golden State to cover the costs.
The law was signed by California Governor Gavin Newsom last fall and will require a $20 per hour minimum wage at all restaurants with at least 60 locations nationwide – though the law includes an exception for restaurants that make and sell their own bread.
Several major fast-food franchises, including McDonald’s and Chipotle, have already signaled that prices will have to rise in response to the increased labor costs.
"Everyone is going to have to pay more," Jack Hartung, chief financial officer of Chipotle, said in the Wall Street Journal. The California-based company expects to raise prices by about 5% to 9% more at its restaurants in the Golden State to cover the costs.
Scubastevo :-What percentage of women have STDs? (serious) If I just wanted to go bareback with any girl that I could get with, what are my chances of ending up bed ridden with STDs?
02-15-2024, 07:04 PM
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#2
- Dave22reborn
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- Dave22reborn
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Love it, like I keep on saying, what a time to be alive!!!
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