IMPACT OF GOVERNMENT MANDATED WAGES IN THE REAL WORLD

7 comments

Posted on 6th June 2014 by Administrator in Economy |Politics |Social Issues

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Nothing is free in this world. What the government requires be given to one group of people must be taken from another group of people.

Via Northwest Watchdog

One photo reveals big issue with Seattle’s $15 minimum wage

By Dustin Hurst | Northwest Watchdog

It’s easy enough to discuss what could happen under a controversial policy, but it’s a little more difficult to provide evidence after enactment to prove a claim.

In the case of SeaTac and its newly minted $15-per-hour minimum wage, the proof comes from a single photo of a parking receipt:

A PICTURE IS WORTH A THOUSANDS WORDS: Yep, that’s a $6.93 ‘living wage surcharge’ right there.

Northwest Watchdog called Masterpark to verify the authenticity of the receipt. Kevin, the attendant on duty Wednesday afternoon, confirmed the charge is real. To deal with the higher wage, enacted on Jan. 1, Masterpark is charging customers an additional 99 cents per parking day, a surcharge that comes on top of all other taxes and fees.

The Washington Policy Center, a free-market think tank, originally noticed the receipt and offered its own analysis of the situation.

“Contrary to what supporters claim, increasing the minimum wage does not create jobs and stimulate the economy,” wrote Erin Shannon, the center’s small business analyst. “The higher wages are not free money. The increased cost must either be absorbed by the employer, which is impossible for many who already operate on shoe-string profit margins, or it must be passed on to workers, in the form of reduced hours and benefits, and consumers, in the form of higher prices. Either way, someone pays.”

Shannon calculated that the new surcharge amounts to an 8.25 percent tax hike for Masterpark’s customers.

This should stand as a warning to Seattle, which just approved a $15-per-hour minimum wage this week.

This is just a taste of what’s coming.

 

7 Comments
  1. Tommy says:

    Well now they’ve pissed their pants – so after the warm, comfy feeling goes away they’ll be left with the cold, sticky, smelly, and really miserable part. Have fun dipshits – any bets on which metro does this next?……my bet is Chicago – or Detroit….yeah, Detroit ’cause when you’ve dug a hole you keep digging, right?

    6th June 2014 at 12:33 pm

  2. Tommy says:

    “It’s better to hang out with people better than you. Pick out associates whose behavior is better than yours and you’ll drift in that direction.” — Warren Buffett

    Okay, just saw this quote from Uncle Warren….suppose he realizes that includes future fellow prisoners in what can hopefully be the first geriatric ‘pound-me-in-the-ass’ prison?

    6th June 2014 at 12:36 pm

  3. Peaceout says:

    The problem with Seatac is that paying for the higher costs associated with the new $15/hr living wages, is to a certain degree, unavoidable. However more and more people will be parking off site and taking the train in etc. People will be buying less stuff once inside and eventually this will turn into layoffs and business closures having the exact opposite effect of what the brain surgeons lobbied and voted for this law intended. Working at Wendy’s was never supposed to be a living wage career. The whole thing is fucked up and bullshit.

    6th June 2014 at 5:07 pm

  4. Hagar says:

    Living wage? Not likely, unless you have a paid for home, no taxes, grow your veggies, no children, no medical bills, and etc…

    6th June 2014 at 8:12 pm

  5. Leobeer says:

    “Contrary to what supporters claim, increasing the minimum wage does not create jobs and stimulate the economy,” wrote Erin Shannon, the center’s small business analyst. “The higher wages are not free money. The increased cost must either be absorbed by the employer, which is impossible for many who already operate on shoe-string profit margins, or it must be passed on to workers, in the form of reduced hours and benefits, and consumers, in the form of higher prices. Either way, someone pays.”

    Whenever possible it is reduced hours which is just another way of saying customer service will get worse.

    6th June 2014 at 8:31 pm

  6. bb says:

    Leo , I gave you a thumbs up.You still think I’m a Shithead ?Meathead.?

    6th June 2014 at 8:39 pm

  7. AWD says:

    Sessions: 7 Million Have Left Workforce Since Obama Took Office

    Jun 6, 2014 • By DANIEL HALPER

    Senator Jeff Sessions has released a statement that says, “7 Million People Have Left The Workforce Since The President Took Office.” The statement is in response to today’s jobs numbers.

    “Today’s jobs numbers are only enough to tread even with population growth, maintaining unemployment at 6.3 percent. When you include discouraged workers, the unemployment rate doubles to an alarming 12.2 percent. There are still 3.2 million fewer full-time employed persons than there were in 2007,” says Sessions.

    “Since President Obama came into office in 2009, 7.2 million people have left the workforce entirely. One out of every six men aged 25–54 is not working. Employment in this group fell by 72,000 last month, while the number of employed women aged 25–54 fell by 37,000. Meanwhile, the workforce participation rate for women is at its lowest level in 23 years. Median household income is down almost $2,300 from what it was when the President took office. Real wages are lower than they were in 1999. Growth in the first quarter of this year was negative.

    “These numbers are grim and make clear that this economy is nowhere close to performing at an acceptable level.”

    6th June 2014 at 8:41 pm

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