Tag: waitresses

Working for Tips

Guest Post by John Stossel

Working for Tips

Union protestors and celebrity advocates have decided that waiters’ tips aren’t big enough.

They are upset that in 43 states, tipped workers can be paid a lower minimum wage, as low as $2.13 an hour.

Not fair! say celebrities like Jane Fonda, who recorded commercials saying, “That’s barely enough to buy a large cup of coffee!”

As usual, those who want the government to decide that workers must be paid more insist that “women and minorities” are hurt by the market.

But waitress Alcieli Felipe is a minority and a woman. She says the celebrities and politicians should butt out.

Thanks to tips, Felipe says in my new internet video, she makes “$25 an hour. By the end of the year, $48,000 to $50,000.”

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SOMETHING WICKED THIS WAY COMES

I stopped trying to predict markets back in 2008 when the Federal Reserve, Treasury Department, Wall Street bankers, and their propaganda peddling media mouthpieces colluded to rig the markets to benefit the elite establishment players while screwing average Americans. I haven’t owned any stocks to speak of since 2006. I missed the the final blow-off, the 50% crash, and the subsequent engineered new bubble. But that doesn’t stop me from assessing our true economic situation, market valuations, and historical comparisons in order to prove the irrationality and idiocy of the current narrative.

The proof of this market being rigged and not based upon valuations, corporate earnings, discounted cash flows, or anything related to free market capitalism, was the reaction to Trump’s upset victory. The narrative was status quo Hillary was good for markets and Trump’s anti-establishment rhetoric would unnerve the markets. When the Dow futures plummeted by 800 points on election night, left wingers like Krugman cackled and predicted imminent collapse. The collapse lasted about 30 minutes, as the Dow recovered all 800 points and has subsequently advanced another 1,500 points since election day. Krugman’s predictive abilities proven stellar once again.

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WAITRESS NATION

Avalon will be thrilled that she is a member of the fastest growing industry in the U.S.

About America’s Sudden Fascination With Hiring Young Women

Tyler Durden's picture

Submitted by Tyler Durden on 11/08/2014 11:40 -0500

Yesterday, when we presented what we thought at the time was “The Strangest Number In Today’s Jobs Report” namely the near record surge in workers aged 16-24, which amounted to 528K, or the vast majority of job additions in the month of October…

… we may have been a bit premature.

As it turns out breaking down the job surge from September to October by gender provides an even more peculiar result then an age distribution. Because as the chart below shows, of the 416K jobs added in the 20 and over category, a meager 10% of these went to men: some 90%, or 370,000, went to women! Men aged 20 and over were the recipients of a paltry 48,000 jobs, or 10% of the total increase.

 

So how does one explain America’s sudden surge in hiring women, and not just any women, but mostly young ones (because we know from yesterday that the bulk of hiring was in the young, 16-24 age group).

Well, as we also showed yesterday, the ongoing record hiring of bartenders and waiters may have something to do with it.

Or rather, now that we know the gender of the job additions, waitresses.