Economics Question: Welfare, unemployment, Minimum Wage

dachuda86 · Jun 25, 2019

Cohete Rojo said: ↑

"They terk yer jerbs".

Many regressive illiberals do not have such sentiments towards the offshoring (i.e. "automation") of manufacturing jobs. But if wages begin to stagnate or decline due to immigration, suddenly anyone voicing opposition to immigration is seen as "racist".

Why is that?
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Cause you disagree with a certain poster on this board. The arbiter of who is racist apparently, and self-proclaimed mind reader.

juicystream · Jun 25, 2019

Os Trigonum said: ↑

Private NYC book store chain (four stores) says it needs government help or else it will soon go out of business. Excerpt:

Book Culture owner Chris Doeblin wrote an open letter to various city officials today beseeching them for help keeping the four Book Culture locations (three are in Manhattan, one is in Long Island City) open. "Our four stores are in danger of closing soon and we need financial assistance or investment on an interim basis to help us find our footing. This is true in spite of the fact that business has been good and we are widely supported and appreciated," he wrote. "In the last 30 months the payroll costs for Book Culture have risen by 50% and it has been difficult to adapt quickly enough. We have now made the structural changes to our company and the cuts that will allow us to move ahead profitably once we find the financial resources we need."

He continued:

. . . Doeblin blamed payroll cost increases on the city's minimum wage raise, which he says increased hourly wages for his employees "from $10 to $15.25 since December 2016" and forced him to initiate layoffs and reorganizing. (Book Culture also had a battle with employees over low pay during a unionization effort in 2014.) But he surprisingly doesn't blame his business struggle on rising rents: "Our landlords have been helpful in opening, developing and considering rent that can work."

https://gothamist.com/2019/06/24/ow...2LN-oxH5r7xSR0fauvmBnLXKh5YeAexlEAYVUMpLnkRVk
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The question is, should a business exist if it can't pay minimum wage? The answer is generally no.

NewRoxFan · Nov 5, 2019

Rocket River · Feb 21, 2022

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Economics Question: Welfare, unemployment, Minimum Wage

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