NYC struggling due to minimum wage increase

NYC struggling due to minimum wage increase


THAT STARTS ON OCTOBER THE 28th.>>>STAY ON THE MINIMUM WAGE. “THE WALL STREET JOURNAL” SAYS THAT NEW YORK CITY BUSINESSES ARE STRUGGLING. THEY HAVE HAD $15 AN HOUR MINIMUM WAGE IMPOSED FOR SIX MONTHS. INCREASED COSTS, FORCING EMPLOYERS TO ELIMINATE SHIFTS, RAISE PRICES, CUT STAFF. BETSY McCAUGHEY HAS EXPERIENCE WITH THIS. FORMER NEW YORK LIEUTENANT GOVERNOR. YOU WARNED ABOUT THIS, LAW OF UNINTENDED CONSEQUENCES.>>WHAT YOU SEE HAPPENING IN NEW YORK CITY, YOU WILL SEE HAPPENING IN THE SEVEN STATES THAT ALREADY ENACTED GRADUAL INCREASES IN THE MINIMUM WAGE TO $15, SUCH AS CONNECTICUT, ILLINOIS, CALIFORNIA, MARYLAND, BLUE STATES. STUART: YEAH.>>BUT HERE’S THE ISSUE. MORE PEOPLE WILL LOSE THEIR JOBS. THE CONGRESSIONAL BUDGET OFFICE REPORTED IF THIS GOES NATIONWIDE, THE HOUSE DEMOCRATS ARE PUSHING FOR, THE FIGHT FOR 15,. 3.7 MILLION PEOPLE WOULD LOSE THEIR JOBS. SOME PEOPLE WILL GAIN, BECAUSE THEY WILL HAVE MORE INCOME, BUT MANY MORE PEOPLE WILL LOSE. THE DEMOCRATS ARE ARGUING THAT NOBODY CAN RAISE A FAMILY ON MINIMUM WAGE. THAT MAY BE TRUE BUT VERY FEW PEOPLE, STUART, GETTING THE MINIMUM WAGE ARE RAISING A FAMILY. IF YOU LOOK AT BUREAU STATISTICS HALF ARE UNDER 25. SIX TIMES HAVE AS PART-TIME JOB AS FULL-TIME JOB. THESE ARE ENTRY LEVEL PEOPLE ACQUIRING THE BASIC JOB SKILLS SO THEY WILL BE ULTIMATELY WORTH $15 AN HOUR OR MORE. STUART: YOU DO THIS, YOU GO TO $15 AN HOUR, AND YOU BASICALLY, YOU ELIMINATE ENTRY LEVEL POSITIONS.>>OH, YES. YOU SEE FAST-FOOD IS ALREADY DOING THAT. RESTAURANTS ARE DOING THAT WITH AUTOMATED HOSTESSES, TAKE YOUR OWN SEAT. THAT SORT OF THING.

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About the Author: Oren Garnes

100 Comments

  1. 3 million people will lose their jobs. That's a ton of black people without a job…y r democrats racist 😡😡😡😡😡😡😡😡😡😡😡😡😡😡😡😡

  2. MINIMUM WAGE IS THE FIRST STEP..! YOU FOOLS……I JUST MOVED MY NEIGHBORS IN FROM NY. Love from FLORIDA !!! Imagine that .

  3. You can't pay somebody more than the value of their labor, low wage jobs are also overwhelmingly low profit jobs if they're no longer economically viable they cease to exist.

  4. The Dems and the people who vote them in are idiots! I told everyone here in Washington State it’s a mistake to raise the minimum wage when it was on the ballot here. And now look at us. People laid off and higher prices.

  5. The government should cut taxes, have penny parking meters, make g&e and water companies cut their rates, no parking tickets and the list goes on. Why won't the government make cuts, so people can live better?

  6. This is the same place that turned down billions of projected dollars from Amazon. … Good job, New York. You are a shining example of stupidity.

  7. Look who's the governor of New York! The brainless and incompetent Andrew Cuomo, who is obviously a DemoRAT!

  8. What is the solution then to solve inflation from the right if I may ask? Because all I see is them saying don't raise the minimum wage to $15 an hr or even don't raise it at all while giving no solution to those who do work these jobs and are trying to make a living as our parents and grandparents did with the minimum wage.

  9. When the min wage happened in uk thats when it went to zero contract hours not good thats how the employers got around it

  10. At least its better than getting paid $2.50 an hour with hardly any tips at a New Jersey diner. Better to not have a job at all instead of dealing with that in the early 2000's. Anyone who doesn't have a job count yourself lucky, at least your not getting screwed over by Ponzio's and the rich prick owners.

  11. Minimum wage is for 1 person
    Family supporting wage is for 2+ people

    By definition
    Minimum wage < Family Supporting Wage

  12. Notice how nothing she is saying is backed by facts she stated her opinion and a projection. And the $15 minimum wage has not hurt the NYC economy.

  13. Why are people so stuck on the $15 do you guys really believe that $7.25 is a reasonable price to pay someone high school student or not. You guys are stuck in the past everything is going up it’s only right that the minimum wage does as well

  14. It has nothing to do with helping the little people that is not the Democrats aim the Democrats aim is to put people out of work so that Trump's unemployment stats go down

  15. Due to the $15.00 minimum wage, there will be 3.7 million people that will need a mandatory guaranteed income to offset the loss of employment

  16. That’s your best argument against it? Well, I’m sure this strong economy we have, thanks to our president, will be able to handle the transition.

  17. Newsflash, democrats want an underclass of dependent voters. Minimum wage laws put people out of work and make them dependent on government. This is not an unintended consequence.

  18. Democrats don’t own businesses and don’t understand economics. They dislike capitalism and think money grows on trees… somebody has to pay for it. Trump is a business man and our economy is humming right along… 😎

  19. This is what happens when government gets its stinking hands in something. Get government out!

  20. Is to get votes with immigrants, cause no education, no skill, but Eventually they can vote,that’s the plan

  21. I work in Hells Kitchen and all the restaurants are doing better take business then dining in. And staff has been let go or have gone to strictly cash. And don’t get me started on rent control.

  22. Calif employees unions get automatics raise if/ when minimum wage increases. It is not about the $15 but the $20 since membership struggling. This provided a raise trigger without having to renegotiate.

  23. Democratic leadership is obsolete. They are clueless and have no morals and no sense of what it means to be an American.

  24. Or perhaps in New York City if they start having mainstream media they had $15 an hour because they don't really print the truth speak the truth a lie they deceive so they were have contracts at $15 an hour and minimum Health Care not included this would benefit all including elected officials the mayor of fur New York City $15 an hour and he has to use his own vehicle to get to work no special treatment no cop in the pocket yes I think New York could save a lots of money.

  25. Awwww… tough time for businesses.  Its called a recession… stop blaming the employee for the economy.  Every business person wants to be rich, that's why they get other people to do the work for them… the employee just wants to make enough to pay rent (in NYC that's super expensive -thanks to those business people who own the apartments).  And they wonder why young people these days are thinking more like socialists than capitalists.

  26. This is bull crap.. inflation went up since the 50's. If minimum wage kept up with the inflation.. minimum wage should be about $22 an hour today.. keep in mind in the 50's the American Dream was live and well. No city or business struggled. People had money in their pockets. Economy was booming..

  27. Their wokeness, is inspiring their Brokenness… The government cannot negotiate your wage for you. The University never taught you that it's, your job, to know your worth? But you didn't pay them to educate you… You paid them to protect your feelings. And look how it's working out for your States. Do we have to put the sofists on trial again? You better start picking your Ponies, as to who is going to take the blame for The Mis-Education of our children. Because Socrates, just isn't going to cut it this time.

  28. The Demotards are TO STUPID to realize job loss because the hike in minimum wage increase. Their also TOO STUPID to realize why people "with money" are leaving. Keep on hiking your taxes; whose going to be left to pay them. MIDDLE class workers! Oh, but they claim their for the middle class. Every Demotard ran city is the same. How can you deny that; Elijah, Cumo, and the rest?

  29. Stop trying to increase the minimum wage and try to make things cheaper so those with minimum wage can afford more things . That’s a more lasting solution even though it might not be as pretty

  30. Deerrrrp . That's what happens when low IQ colored folk think they are smart and raising wages has no effect other than them being able to feed their 15 babies.

  31. If you paying $15.00 for menial and basic skills jobs. What do you think happens for skills job rate. Democrats are idiots.

  32. NYC is a cesspool of greedy stupid liberals. What did you think would happened? You think businesses won’t lay off workers?

  33. If the lefties had their way a minimum salary would be paid to all whether they work or not. $100k per year for everyone.
    Have the fed just print money and hand it out. What could possibly go wrong? (Hyperinflation)

  34. Seems many people on this post believe that you don't deserve to live if you work min wage, 40 hrs a week, and pay taxes. Why is that? When i was growing up my father was a mere laborer in a factory yet we lived in a nice clean apt, bills always paid, and simple decent food. He was even able to treat us to a movie or some Chinese food at the end of the month. Unbelievably he even put a few dollars away in the bank. Unless I'm grossly mistaken, nowadays the wealthy have gained riches they couldn't even begin to imagine back then while the working poor have sunk to even lower depths resorting to shelters, dual income or if lucky, able to live with supporting family or friends. Either i'm talking out the side of my neck or something is not quite right with a lot of these comments. I'm not saying you should be able to raise a family today on min wage but shouldn't the poor have a lower cost of living determined by their income? I daresay my family lived almost just as well as today's so called "middle class".

  35. It is what we call as the DNC DEMONIC-CRATS "Plantation Politics" tactics and strategies. 1st create a crises. 2sd exploit that crises by making them dependent on the DNC infiltrated evil corrupt DNC congress. 3rd SHIFT THE BLAME BY "FRAMING AN INOCCENT PERSON OR GROUP OF PERSONS". 4th Once all 3 situations are in place USE IT AND EXPLOIT IT AS THEIR MAIN CAUSE TO GET ELECTED AND/OR RE-ELECTED. 5th blame the inoccent Republican Presidential Administration for the crises that the DEMOCRATS HAS CREATED ARTIFICIALLY IN THE FIRST PLACE. This is the aim of the leftists-liberals-muslims terroristic rapefugees ANTI-TRUMPERS. Even big time corporations are in cahoots with these evil DNC DEMONIC-CRATS EVIL SOCIALISTS-COMMUNISTS POLITICIANS!

  36. Democrats should be on suicide watch. They push self-destructive policies, pass imploding bills, then watch the people suffer & NEVER REPORT IT.

  37. Aww $15.00 an hr. how extremely insightful and intelligent move this was…..Let's see, for the consumers a pint of water will now be $100.00……People really don't think do they, they really don't try and figure anything out "ALL BY THEMSELVES". Poor little "TWATS"……For every dollar earned the price for anything goes up $3.00…..Higher minimum wage doesn't necessarily mean more money in ones pocket…..You go into a higher tax bracket immediately "MORE TAXES TAKEN OUT FOR OUR ILLUSTRIOUS GOVERNMENT", when employers, companies etc. etc. etc. have to pay out more money for their employees their product doubles if not triples and this little dissertation is just one percent of the negatives by raising the minimum wage $7.75 an hr.

  38. And they chased Amazon out of New York who already pays 15 dollars an hour.

    New Yawkuhs getting exactly what they asked for.

  39. My first job paid $1 an hour. My last job paid $37 an hour. You need to work hard, be on time,and keep learning. And always be on the lookout for opportunities. Minimum wage is for teenagers if you stay there it is your fault !

  40. Minimum wage raise n standard living cost raised by triple making sense of raise minimum wage can make life quality better XD

  41. Hahaha Your Mayor must have flunked basic economics, he's the worst, are the subways still bursting into flames, rats still running the streets? I guess no meat Mondays are more important, You voted for this boob, you voted him in, now eat it……

  42. Democrats want people to loose job, so they can blame it on trump and say look the economy is doing bad. Conservatives called it

  43. $15 isn’t a living wage in New York;it’s slave labor. Who can live on $15 in New York.Even an entry level job has to pay a self supporting wage. Are taxpayers supposed to subsidize these low wages?How do these two clowns expect people to live? You can’t be more out of touch than this.

  44. And if they are getting 15.00 …then i need to stop tipping…sorry…my last waitress that served me was really crappy…left 2.00 for 19.00 tip…and she was lucky she got that…

  45. I saved over two hundred fifty grand with 4 and 10 dollar an hour jobs over50 years. Gave away 80 or so grand to my church. Lost 15 grand in bad expenses and theft. Didn't get married. Prayed two hours of silence each day, and I made it through with the grace of god.

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