Current Events > Higher minimum wage means higher CoL.

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[deleted]
10/02/23 8:02:28 AM
#14:


[deleted]
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Cotton_Eye_Joe
10/02/23 10:36:13 AM
#1:


It's like 400 grand to buy a shack in California.


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CableZL
10/02/23 10:36:43 AM
#2:


Cost of living has been increasing for decades without minimum wage increases

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Were_Wyrm
10/02/23 10:37:14 AM
#3:


And a fun size candy bar is $45!!!

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loafy013
10/02/23 10:37:47 AM
#4:


So you're saying that if minimum wage remains stagnant, CoL won't increase, right? Or does it not work like that.

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R_Jackal
10/02/23 10:38:13 AM
#5:


CableZL posted...
Cost of living has been increasing for decades without minimum wage increases
This. I mean yeah shit will probably get more expensive, but I would rather take a shot at things getting more expensive while also having a shot at making more money than what's just been going on regularly.
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#6
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JuanCarlos1
10/02/23 10:39:02 AM
#7:


Problem is that not even at 50/hour you can purchase a home in CA. Its a much bigger problem and the solution will have to come from government, cause I see no other way.

Get rid of all the laws that dont allow buildings to be built and the parking rules. It only serves the rich people maintain and keep high their property values.

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MisterPengy
10/02/23 10:42:05 AM
#8:


What a weird take. Where did TC even come from?

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Sry4PartyRockin
10/02/23 10:44:03 AM
#9:


Capitalism
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ai123
10/02/23 10:44:20 AM
#10:


Stop expecting the people who are worst off in society to absorb all of the economic pain.

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Questionmarktarius
10/02/23 10:47:10 AM
#11:


Higher minimum wage just means more people working at minimum wage, or very barely above.
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WingsOfGood
10/02/23 10:55:49 AM
#12:


minimum wage is the same

houses now cost double

what happened tc?
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Choco
10/02/23 10:56:29 AM
#13:


source?

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lilORANG
10/02/23 11:04:31 AM
#15:


If I have 3 employees working at a shitty subway and suddenly they're making $5 more an hour, I'm out an extra $15 every hour. Ok but one goddamn footlong combo in that wretched place is like $15 so all I need to do to recoup that extra expense is sell one more sandwich!


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Questionmarktarius
10/02/23 11:07:08 AM
#16:


lilORANG posted...
If I have 3 employees working at a shitty subway and suddenly they're making $5 more an hour, I'm out an extra $15 every hour.
Or, and what usually happens, you have one employee working at a shitty subway, and rotating second and third guys who work there maybe a week before leaving or being fired.
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Prismsblade
10/02/23 11:07:41 AM
#17:


lilORANG posted...
If I have 3 employees working at a shitty subway and suddenly they're making $5 more an hour, I'm out an extra $15 every hour. Ok but one goddamn footlong combo in that wretched place is like $15 so all I need to do to recoup that extra expense is sell one more sandwich!
Maybe if your only expanse was wages and it cost you nothing to run everything else in the busineses.

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SayHeyyShohei
10/02/23 11:08:26 AM
#18:


CableZL posted...
Cost of living has been increasing for decades without minimum wage increases


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pedro45
10/02/23 11:09:13 AM
#19:


lilORANG posted...
If I have 3 employees working at a shitty subway and suddenly they're making $5 more an hour, I'm out an extra $15 every hour. Ok but one goddamn footlong combo in that wretched place is like $15 so all I need to do to recoup that extra expense is sell one more sandwich!
Someone is doing the math! It's crazy how many people just look beyond that

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WingsOfGood
10/02/23 11:09:55 AM
#20:


lilORANG posted...
all I need to do to recoup that extra expense is sell one more sandwich!

no noooo noooooo

too hard!
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#21
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Gray_Areas
10/02/23 11:25:17 AM
#22:


Prismsblade posted...
Maybe if your only expanse was wages and it cost you nothing to run everything else in the busineses.
Aside from the increased labor cost, none of the other costs associated with making that sandwich would increase in this scenario, so the only other thing to account for would be the actual material costs of that sandwich. I can't imagine the material, transport, or storage costs for the amount of substance in a single sandwich are that high, and the energy cost of heating up that sandwich is likely so miniscule that all of that cost plus the extra cost of the labor could still be recouped (plus some extra) just by selling a second extra sandwich even after factoring all the costs associated with that second sandwich as well.
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Prismsblade
10/02/23 11:54:20 AM
#23:


[LFAQs-redacted-quote]

It all dips into your profits the same, wages are just another expanse of it all. And those $15 footlongs didn't cost $0 to produce. Nothing does.

So to recoup losses for their increased wages you would need to sell ALOT more then just 1 extra sub a hr. And it only goes up the more employees you have.

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